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Side-by-side financial comparison of Jefferies Financial Group Inc. (JEF) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.
Jefferies Financial Group Inc. is the larger business by last-quarter revenue ($1.7B vs $1.3B, roughly 1.3× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 12.6%, a 3.9% gap on every dollar of revenue. Jefferies Financial Group Inc. produced more free cash flow last quarter ($1.9B vs $568.0M).
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.
JEF vs Q — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.3B |
| Net Profit | $211.3M | $211.0M |
| Gross Margin | 95.7% | 45.1% |
| Operating Margin | 15.2% | 21.3% |
| Net Margin | 12.6% | 16.5% |
| Revenue YoY | — | 11.1% |
| Net Profit YoY | — | 6.0% |
| EPS (diluted) | $0.85 | $1.01 |
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.
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.1B | — | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $971.2M | — |
| Q4 25 | $211.3M | — | ||
| Q3 25 | $242.5M | $211.0M | ||
| Q2 25 | $91.4M | — | ||
| Q1 25 | $136.8M | — | ||
| Q3 24 | $181.0M | $199.0M | ||
| Q2 24 | $154.7M | — | ||
| Q1 24 | $156.4M | — |
| Q4 25 | 95.7% | — | ||
| Q3 25 | 97.7% | 45.1% | ||
| Q2 25 | 96.5% | — | ||
| Q1 25 | 96.4% | — | ||
| Q3 24 | 96.9% | 47.0% | ||
| Q2 24 | 96.4% | — | ||
| Q1 24 | 96.4% | — |
| Q4 25 | 15.2% | — | ||
| Q3 25 | 22.1% | 21.3% | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 13.2% | — | ||
| Q3 24 | 20.7% | 21.8% | ||
| Q2 24 | 22.0% | — | ||
| Q1 24 | 22.7% | — |
| Q4 25 | 12.6% | — | ||
| Q3 25 | 16.1% | 16.5% | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 12.0% | — | ||
| Q3 24 | 14.8% | 17.3% | ||
| Q2 24 | 14.9% | — | ||
| Q1 24 | 16.1% | — |
| Q4 25 | $0.85 | — | ||
| Q3 25 | $1.01 | $1.01 | ||
| Q2 25 | $0.40 | — | ||
| Q1 25 | $0.57 | — | ||
| Q3 24 | $0.75 | $0.95 | ||
| Q2 24 | $0.64 | — | ||
| Q1 24 | $0.66 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $14.0B | $128.0M |
| Total DebtLower is stronger | $15.9B | $1.7B |
| Stockholders' EquityBook value | $10.6B | $9.1B |
| Total Assets | $76.0B | $12.5B |
| Debt / EquityLower = less leverage | 1.50× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.0B | — | ||
| Q3 25 | $11.5B | $128.0M | ||
| Q2 25 | $11.3B | — | ||
| Q1 25 | $11.2B | — | ||
| Q3 24 | $10.6B | — | ||
| Q2 24 | $10.8B | — | ||
| Q1 24 | $7.6B | — |
| Q4 25 | $15.9B | — | ||
| Q3 25 | $16.0B | $1.7B | ||
| Q2 25 | $15.4B | — | ||
| Q1 25 | $14.8B | — | ||
| Q3 24 | $12.9B | — | ||
| Q2 24 | $12.7B | — | ||
| Q1 24 | $9.9B | — |
| Q4 25 | $10.6B | — | ||
| Q3 25 | $10.4B | $9.1B | ||
| Q2 25 | $10.3B | — | ||
| Q1 25 | $10.2B | — | ||
| Q3 24 | $10.0B | $11.1B | ||
| Q2 24 | $9.9B | — | ||
| Q1 24 | $9.8B | — |
| Q4 25 | $76.0B | — | ||
| Q3 25 | $69.3B | $12.5B | ||
| Q2 25 | $67.3B | — | ||
| Q1 25 | $70.2B | — | ||
| Q3 24 | $63.3B | — | ||
| Q2 24 | $63.0B | — | ||
| Q1 24 | $60.9B | — |
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.53× | 0.19× | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.45× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.0B | $782.0M |
| Free Cash FlowOCF − Capex | $1.9B | $568.0M |
| FCF MarginFCF / Revenue | 114.2% | 44.5% |
| Capex IntensityCapex / Revenue | 3.4% | 16.8% |
| Cash ConversionOCF / Net Profit | 9.30× | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | — | ||
| Q3 25 | $184.2M | $782.0M | ||
| Q2 25 | $-978.3M | — | ||
| Q1 25 | $-2.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-1.3B | — |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $126.0M | $568.0M | ||
| Q2 25 | $-1.0B | — | ||
| Q1 25 | $-2.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-1.4B | — |
| Q4 25 | 114.2% | — | ||
| Q3 25 | 8.4% | 44.5% | ||
| Q2 25 | -83.3% | — | ||
| Q1 25 | -237.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -139.4% | — |
| Q4 25 | 3.4% | — | ||
| Q3 25 | 3.9% | 16.8% | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 4.3% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 9.9% | — |
| Q4 25 | 9.30× | — | ||
| Q3 25 | 0.76× | 3.71× | ||
| Q2 25 | -10.70× | — | ||
| Q1 25 | -19.48× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -8.04× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JEF
| Investment Banking Underwriting | $555.6M | 33% |
| Principal Transactions Revenue | $378.3M | 23% |
| Commissions And Other Fees | $356.0M | 21% |
| Other | $177.8M | 11% |
| Internet Connection And Boadband Revenue | $57.0M | 3% |
| Other Sources Of Revenue Miscellaneous | $53.3M | 3% |
| Real Estate | $50.7M | 3% |
| Strategic Affiliates Revenue | $13.8M | 1% |
| Asset Management1 | $12.1M | 1% |
| Fixed Income Services | $1.6M | 0% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
