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Side-by-side financial comparison of Jefferies Financial Group Inc. (JEF) and PPL Corporation (PPL). Click either name above to swap in a different company.

PPL Corporation is the larger business by last-quarter revenue ($2.3B vs $1.7B, roughly 1.4× Jefferies Financial Group Inc.). Jefferies Financial Group Inc. runs the higher net margin — 12.6% vs 11.3%, a 1.3% gap on every dollar of revenue. Jefferies Financial Group Inc. produced more free cash flow last quarter ($1.9B vs $-614.0M).

Jefferies Financial Group Inc. is an American financial services company based in New York City. It is listed on the New York Stock Exchange and is a part of the Fortune 1000.

PPL Corporation is a leading US-based energy utility holding company headquartered in Allentown, Pennsylvania. It delivers electricity and natural gas to approximately 3.5 million residential, commercial and industrial customers across Pennsylvania, Kentucky and Rhode Island, with core focuses on grid modernization, affordable clean energy transition, and reliable sustainable energy services for local communities.

JEF vs PPL — Head-to-Head

Bigger by revenue
PPL
PPL
1.4× larger
PPL
$2.3B
$1.7B
JEF
Higher net margin
JEF
JEF
1.3% more per $
JEF
12.6%
11.3%
PPL
More free cash flow
JEF
JEF
$2.5B more FCF
JEF
$1.9B
$-614.0M
PPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JEF
JEF
PPL
PPL
Revenue
$1.7B
$2.3B
Net Profit
$211.3M
$266.0M
Gross Margin
95.7%
Operating Margin
15.2%
20.3%
Net Margin
12.6%
11.3%
Revenue YoY
7.2%
Net Profit YoY
50.3%
EPS (diluted)
$0.85
$0.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
JEF
JEF
PPL
PPL
Q4 25
$1.7B
$2.3B
Q3 25
$1.5B
$2.2B
Q2 25
$1.2B
$2.0B
Q1 25
$1.1B
$2.5B
Q4 24
$2.2B
Q3 24
$1.2B
$2.1B
Q2 24
$1.0B
$1.9B
Q1 24
$971.2M
$2.3B
Net Profit
JEF
JEF
PPL
PPL
Q4 25
$211.3M
$266.0M
Q3 25
$242.5M
$318.0M
Q2 25
$91.4M
$183.0M
Q1 25
$136.8M
$414.0M
Q4 24
$177.0M
Q3 24
$181.0M
$214.0M
Q2 24
$154.7M
$190.0M
Q1 24
$156.4M
$307.0M
Gross Margin
JEF
JEF
PPL
PPL
Q4 25
95.7%
Q3 25
97.7%
Q2 25
96.5%
Q1 25
96.4%
Q4 24
Q3 24
96.9%
Q2 24
96.4%
Q1 24
96.4%
Operating Margin
JEF
JEF
PPL
PPL
Q4 25
15.2%
20.3%
Q3 25
22.1%
25.4%
Q2 25
11.0%
19.9%
Q1 25
13.2%
26.6%
Q4 24
17.2%
Q3 24
20.7%
20.6%
Q2 24
22.0%
20.8%
Q1 24
22.7%
23.7%
Net Margin
JEF
JEF
PPL
PPL
Q4 25
12.6%
11.3%
Q3 25
16.1%
14.2%
Q2 25
7.4%
9.0%
Q1 25
12.0%
16.3%
Q4 24
8.1%
Q3 24
14.8%
10.3%
Q2 24
14.9%
10.1%
Q1 24
16.1%
13.3%
EPS (diluted)
JEF
JEF
PPL
PPL
Q4 25
$0.85
$0.35
Q3 25
$1.01
$0.43
Q2 25
$0.40
$0.25
Q1 25
$0.57
$0.56
Q4 24
$0.23
Q3 24
$0.75
$0.29
Q2 24
$0.64
$0.26
Q1 24
$0.66
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
JEF
JEF
PPL
PPL
Cash + ST InvestmentsLiquidity on hand
$14.0B
$1.1B
Total DebtLower is stronger
$15.9B
$18.9B
Stockholders' EquityBook value
$10.6B
$14.9B
Total Assets
$76.0B
$45.2B
Debt / EquityLower = less leverage
1.50×
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JEF
JEF
PPL
PPL
Q4 25
$14.0B
$1.1B
Q3 25
$11.5B
$1.1B
Q2 25
$11.3B
$294.0M
Q1 25
$11.2B
$312.0M
Q4 24
$306.0M
Q3 24
$10.6B
$542.0M
Q2 24
$10.8B
$282.0M
Q1 24
$7.6B
$276.0M
Total Debt
JEF
JEF
PPL
PPL
Q4 25
$15.9B
$18.9B
Q3 25
$16.0B
Q2 25
$15.4B
Q1 25
$14.8B
Q4 24
$16.5B
Q3 24
$12.9B
Q2 24
$12.7B
Q1 24
$9.9B
Stockholders' Equity
JEF
JEF
PPL
PPL
Q4 25
$10.6B
$14.9B
Q3 25
$10.4B
$14.4B
Q2 25
$10.3B
$14.3B
Q1 25
$10.2B
$14.3B
Q4 24
$14.1B
Q3 24
$10.0B
$14.1B
Q2 24
$9.9B
$14.1B
Q1 24
$9.8B
$14.1B
Total Assets
JEF
JEF
PPL
PPL
Q4 25
$76.0B
$45.2B
Q3 25
$69.3B
$43.9B
Q2 25
$67.3B
$42.4B
Q1 25
$70.2B
$41.8B
Q4 24
$41.1B
Q3 24
$63.3B
$40.5B
Q2 24
$63.0B
$39.8B
Q1 24
$60.9B
$39.6B
Debt / Equity
JEF
JEF
PPL
PPL
Q4 25
1.50×
1.27×
Q3 25
1.53×
Q2 25
1.49×
Q1 25
1.45×
Q4 24
1.17×
Q3 24
1.29×
Q2 24
1.28×
Q1 24
1.01×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
JEF
JEF
PPL
PPL
Operating Cash FlowLast quarter
$2.0B
$548.0M
Free Cash FlowOCF − Capex
$1.9B
$-614.0M
FCF MarginFCF / Revenue
114.2%
-26.1%
Capex IntensityCapex / Revenue
3.4%
49.5%
Cash ConversionOCF / Net Profit
9.30×
2.06×
TTM Free Cash FlowTrailing 4 quarters
$-1.7B
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JEF
JEF
PPL
PPL
Q4 25
$2.0B
$548.0M
Q3 25
$184.2M
$966.0M
Q2 25
$-978.3M
$602.0M
Q1 25
$-2.7B
$513.0M
Q4 24
$511.0M
Q3 24
$781.0M
Q2 24
$766.0M
Q1 24
$-1.3B
$282.0M
Free Cash Flow
JEF
JEF
PPL
PPL
Q4 25
$1.9B
$-614.0M
Q3 25
$126.0M
$-179.0M
Q2 25
$-1.0B
$-328.0M
Q1 25
$-2.7B
$-280.0M
Q4 24
$-349.0M
Q3 24
$102.0M
Q2 24
$96.0M
Q1 24
$-1.4B
$-314.0M
FCF Margin
JEF
JEF
PPL
PPL
Q4 25
114.2%
-26.1%
Q3 25
8.4%
-8.0%
Q2 25
-83.3%
-16.1%
Q1 25
-237.2%
-11.0%
Q4 24
-15.9%
Q3 24
4.9%
Q2 24
5.1%
Q1 24
-139.4%
-13.6%
Capex Intensity
JEF
JEF
PPL
PPL
Q4 25
3.4%
49.5%
Q3 25
3.9%
51.2%
Q2 25
3.6%
45.6%
Q1 25
4.3%
31.2%
Q4 24
39.3%
Q3 24
32.7%
Q2 24
35.8%
Q1 24
9.9%
25.9%
Cash Conversion
JEF
JEF
PPL
PPL
Q4 25
9.30×
2.06×
Q3 25
0.76×
3.04×
Q2 25
-10.70×
3.29×
Q1 25
-19.48×
1.24×
Q4 24
2.89×
Q3 24
3.65×
Q2 24
4.03×
Q1 24
-8.04×
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

JEF
JEF

Investment Banking Underwriting$555.6M33%
Principal Transactions Revenue$378.3M23%
Commissions And Other Fees$356.0M21%
Other$177.8M11%
Internet Connection And Boadband Revenue$57.0M3%
Other Sources Of Revenue Miscellaneous$53.3M3%
Real Estate$50.7M3%
Strategic Affiliates Revenue$13.8M1%
Asset Management1$12.1M1%
Fixed Income Services$1.6M0%

PPL
PPL

Rhode Island Regulated$539.0M23%
Other$532.0M23%
Residential$451.0M19%
Nonrelated Party$425.0M18%
Transmission$228.0M10%
Commercial$117.0M5%
Wholesale Other$23.0M1%
Industrial$14.0M1%
Related Party$13.0M1%
Wholesale Municipal$6.0M0%

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