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Side-by-side financial comparison of Jefferies Financial Group Inc. (JEF) and QVC Group, Inc. (QVCGA). Click either name above to swap in a different company.
QVC Group, Inc. is the larger business by last-quarter revenue ($2.7B vs $1.7B, roughly 1.6× Jefferies Financial Group Inc.). Jefferies Financial Group Inc. runs the higher net margin — 12.6% vs -1.4%, a 14.0% gap on every dollar of revenue. Jefferies Financial Group Inc. produced more free cash flow last quarter ($1.9B vs $191.0M).
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.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
JEF vs QVCGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $2.7B |
| Net Profit | $211.3M | $-37.0M |
| Gross Margin | 95.7% | 32.9% |
| Operating Margin | 15.2% | 3.7% |
| Net Margin | 12.6% | -1.4% |
| Revenue YoY | — | -9.1% |
| Net Profit YoY | — | 97.1% |
| EPS (diluted) | $0.85 | $-17.37 |
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 | $2.7B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.1B | $2.1B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $1.2B | $2.3B | ||
| Q2 24 | $1.0B | $2.4B | ||
| Q1 24 | $971.2M | $2.3B |
| Q4 25 | $211.3M | $-37.0M | ||
| Q3 25 | $242.5M | $-80.0M | ||
| Q2 25 | $91.4M | $-2.2B | ||
| Q1 25 | $136.8M | $-100.0M | ||
| Q4 24 | — | $-1.3B | ||
| Q3 24 | $181.0M | $-23.0M | ||
| Q2 24 | $154.7M | $20.0M | ||
| Q1 24 | $156.4M | $-1.0M |
| Q4 25 | 95.7% | 32.9% | ||
| Q3 25 | 97.7% | 34.0% | ||
| Q2 25 | 96.5% | 36.4% | ||
| Q1 25 | 96.4% | 34.2% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | 96.9% | 35.3% | ||
| Q2 24 | 96.4% | 36.4% | ||
| Q1 24 | 96.4% | 35.5% |
| Q4 25 | 15.2% | 3.7% | ||
| Q3 25 | 22.1% | 2.7% | ||
| Q2 25 | 11.0% | -101.6% | ||
| Q1 25 | 13.2% | 0.7% | ||
| Q4 24 | — | -43.2% | ||
| Q3 24 | 20.7% | 6.5% | ||
| Q2 24 | 22.0% | 6.9% | ||
| Q1 24 | 22.7% | 6.2% |
| Q4 25 | 12.6% | -1.4% | ||
| Q3 25 | 16.1% | -3.6% | ||
| Q2 25 | 7.4% | -99.4% | ||
| Q1 25 | 12.0% | -4.8% | ||
| Q4 24 | — | -43.7% | ||
| Q3 24 | 14.8% | -1.0% | ||
| Q2 24 | 14.9% | 0.8% | ||
| Q1 24 | 16.1% | -0.0% |
| Q4 25 | $0.85 | $-17.37 | ||
| Q3 25 | $1.01 | $-9.89 | ||
| Q2 25 | $0.40 | $-275.46 | ||
| Q1 25 | $0.57 | $-0.25 | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.75 | $-0.06 | ||
| Q2 24 | $0.64 | $2.57 | ||
| 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 | $2.0B |
| Total DebtLower is stronger | $15.9B | $790.0M |
| Stockholders' EquityBook value | $10.6B | $-3.1B |
| Total Assets | $76.0B | $7.6B |
| Debt / EquityLower = less leverage | 1.50× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.0B | $2.0B | ||
| Q3 25 | $11.5B | $1.8B | ||
| Q2 25 | $11.3B | $897.0M | ||
| Q1 25 | $11.2B | $833.0M | ||
| Q4 24 | — | $905.0M | ||
| Q3 24 | $10.6B | $873.0M | ||
| Q2 24 | $10.8B | $1.2B | ||
| Q1 24 | $7.6B | $1.1B |
| Q4 25 | $15.9B | $790.0M | ||
| Q3 25 | $16.0B | $5.9B | ||
| Q2 25 | $15.4B | $4.9B | ||
| Q1 25 | $14.8B | $5.0B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $12.9B | $5.1B | ||
| Q2 24 | $12.7B | $5.3B | ||
| Q1 24 | $9.9B | $5.5B |
| Q4 25 | $10.6B | $-3.1B | ||
| Q3 25 | $10.4B | $-3.1B | ||
| Q2 25 | $10.3B | $-3.0B | ||
| Q1 25 | $10.2B | $-981.0M | ||
| Q4 24 | — | $-971.0M | ||
| Q3 24 | $10.0B | $397.0M | ||
| Q2 24 | $9.9B | $328.0M | ||
| Q1 24 | $9.8B | $255.0M |
| Q4 25 | $76.0B | $7.6B | ||
| Q3 25 | $69.3B | $7.6B | ||
| Q2 25 | $67.3B | $6.7B | ||
| Q1 25 | $70.2B | $9.0B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | $63.3B | $10.8B | ||
| Q2 24 | $63.0B | $10.9B | ||
| Q1 24 | $60.9B | $11.0B |
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.29× | 12.74× | ||
| Q2 24 | 1.28× | 16.28× | ||
| Q1 24 | 1.01× | 21.53× |
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 | $244.0M |
| Free Cash FlowOCF − Capex | $1.9B | $191.0M |
| FCF MarginFCF / Revenue | 114.2% | 7.1% |
| Capex IntensityCapex / Revenue | 3.4% | 2.0% |
| Cash ConversionOCF / Net Profit | 9.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | $118.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $244.0M | ||
| Q3 25 | $184.2M | $4.0M | ||
| Q2 25 | $-978.3M | $86.0M | ||
| Q1 25 | $-2.7B | $-60.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | — | $20.0M | ||
| Q2 24 | — | $267.0M | ||
| Q1 24 | $-1.3B | $26.0M |
| Q4 25 | $1.9B | $191.0M | ||
| Q3 25 | $126.0M | $-27.0M | ||
| Q2 25 | $-1.0B | $48.0M | ||
| Q1 25 | $-2.7B | $-94.0M | ||
| Q4 24 | — | $150.0M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $213.0M | ||
| Q1 24 | $-1.4B | $-14.0M |
| Q4 25 | 114.2% | 7.1% | ||
| Q3 25 | 8.4% | -1.2% | ||
| Q2 25 | -83.3% | 2.1% | ||
| Q1 25 | -237.2% | -4.5% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | -1.0% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | -139.4% | -0.6% |
| Q4 25 | 3.4% | 2.0% | ||
| Q3 25 | 3.9% | 1.4% | ||
| Q2 25 | 3.6% | 1.7% | ||
| Q1 25 | 4.3% | 1.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | 9.9% | 1.7% |
| Q4 25 | 9.30× | — | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | -10.70× | — | ||
| Q1 25 | -19.48× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 13.35× | ||
| 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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
