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Side-by-side financial comparison of Jefferies Financial Group Inc. (JEF) and REPUBLIC AIRWAYS HOLDINGS INC. (RJET). 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 $1.1B, roughly 1.6× REPUBLIC AIRWAYS HOLDINGS INC.).

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.

Republic Airways Holdings Inc. is an American airline holding company based in Indianapolis, Indiana. The company owns two regional airlines, Mesa Airlines and Republic Airways. Together the two airlines operate the world's largest fleet of Embraer 170 and Embraer 175 aircraft. The majority of the shares of company are owned by the mainline carriers that contract with Republic, American Airlines Group, Delta Air Lines, and United Airlines.

JEF vs RJET — Head-to-Head

Bigger by revenue
JEF
JEF
1.6× larger
JEF
$1.7B
$1.1B
RJET

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JEF
JEF
RJET
RJET
Revenue
$1.7B
$1.1B
Net Profit
$211.3M
Gross Margin
95.7%
Operating Margin
15.2%
22.0%
Net Margin
12.6%
Revenue YoY
Net Profit YoY
EPS (diluted)
$0.85
$3.13

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
RJET
RJET
Q4 25
$1.7B
$1.1B
Q3 25
$1.5B
$90.7M
Q2 25
$1.2B
$92.8M
Q1 25
$1.1B
$94.7M
Q4 24
$808.3M
Q3 24
$1.2B
Q2 24
$1.0B
$110.8M
Q1 24
$971.2M
$131.6M
Net Profit
JEF
JEF
RJET
RJET
Q4 25
$211.3M
Q3 25
$242.5M
$-14.1M
Q2 25
$91.4M
$20.9M
Q1 25
$136.8M
$-58.6M
Q4 24
$97.8M
Q3 24
$181.0M
Q2 24
$154.7M
$-19.9M
Q1 24
$156.4M
$11.7M
Gross Margin
JEF
JEF
RJET
RJET
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
RJET
RJET
Q4 25
15.2%
22.0%
Q3 25
22.1%
-10.1%
Q2 25
11.0%
-0.2%
Q1 25
13.2%
-60.4%
Q4 24
18.7%
Q3 24
20.7%
Q2 24
22.0%
-8.1%
Q1 24
22.7%
8.8%
Net Margin
JEF
JEF
RJET
RJET
Q4 25
12.6%
Q3 25
16.1%
-15.6%
Q2 25
7.4%
22.5%
Q1 25
12.0%
-61.9%
Q4 24
12.1%
Q3 24
14.8%
Q2 24
14.9%
-18.0%
Q1 24
16.1%
8.9%
EPS (diluted)
JEF
JEF
RJET
RJET
Q4 25
$0.85
$3.13
Q3 25
$1.01
$-0.34
Q2 25
$0.40
$0.50
Q1 25
$0.57
$-1.42
Q4 24
$2.42
Q3 24
$0.75
Q2 24
$0.64
$-0.48
Q1 24
$0.66
$0.28

Balance Sheet & Financial Strength

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

Metric
JEF
JEF
RJET
RJET
Cash + ST InvestmentsLiquidity on hand
$14.0B
$296.5M
Total DebtLower is stronger
$15.9B
$882.9M
Stockholders' EquityBook value
$10.6B
$1.3B
Total Assets
$76.0B
$3.3B
Debt / EquityLower = less leverage
1.50×
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JEF
JEF
RJET
RJET
Q4 25
$14.0B
$296.5M
Q3 25
$11.5B
$38.7M
Q2 25
$11.3B
$42.5M
Q1 25
$11.2B
$54.1M
Q4 24
$302.0M
Q3 24
$10.6B
Q2 24
$10.8B
$16.3M
Q1 24
$7.6B
$18.5M
Total Debt
JEF
JEF
RJET
RJET
Q4 25
$15.9B
$882.9M
Q3 25
$16.0B
$27.0M
Q2 25
$15.4B
$28.2M
Q1 25
$14.8B
$31.7M
Q4 24
$752.2M
Q3 24
$12.9B
Q2 24
$12.7B
$287.7M
Q1 24
$9.9B
$299.0M
Stockholders' Equity
JEF
JEF
RJET
RJET
Q4 25
$10.6B
$1.3B
Q3 25
$10.4B
$-52.6M
Q2 25
$10.3B
$-38.7M
Q1 25
$10.2B
$-59.8M
Q4 24
$1.1B
Q3 24
$10.0B
Q2 24
$9.9B
$134.9M
Q1 24
$9.8B
$154.7M
Total Assets
JEF
JEF
RJET
RJET
Q4 25
$76.0B
$3.3B
Q3 25
$69.3B
$158.9M
Q2 25
$67.3B
$178.6M
Q1 25
$70.2B
$215.0M
Q4 24
$2.8B
Q3 24
$63.3B
Q2 24
$63.0B
$664.4M
Q1 24
$60.9B
$706.3M
Debt / Equity
JEF
JEF
RJET
RJET
Q4 25
1.50×
0.66×
Q3 25
1.53×
Q2 25
1.49×
Q1 25
1.45×
Q4 24
0.68×
Q3 24
1.29×
Q2 24
1.28×
2.13×
Q1 24
1.01×
1.93×

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
RJET
RJET
Operating Cash FlowLast quarter
$2.0B
Free Cash FlowOCF − Capex
$1.9B
FCF MarginFCF / Revenue
114.2%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
9.30×
TTM Free Cash FlowTrailing 4 quarters
$-1.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JEF
JEF
RJET
RJET
Q4 25
$2.0B
Q3 25
$184.2M
Q2 25
$-978.3M
$-9.4M
Q1 25
$-2.7B
Q4 24
$184.0M
Q3 24
Q2 24
$11.2M
Q1 24
$-1.3B
Free Cash Flow
JEF
JEF
RJET
RJET
Q4 25
$1.9B
Q3 25
$126.0M
Q2 25
$-1.0B
$-10.5M
Q1 25
$-2.7B
Q4 24
$-42.7M
Q3 24
Q2 24
$7.5M
Q1 24
$-1.4B
FCF Margin
JEF
JEF
RJET
RJET
Q4 25
114.2%
Q3 25
8.4%
Q2 25
-83.3%
-11.3%
Q1 25
-237.2%
Q4 24
-5.3%
Q3 24
Q2 24
6.8%
Q1 24
-139.4%
Capex Intensity
JEF
JEF
RJET
RJET
Q4 25
3.4%
Q3 25
3.9%
Q2 25
3.6%
1.2%
Q1 25
4.3%
Q4 24
28.0%
Q3 24
Q2 24
3.4%
Q1 24
9.9%
Cash Conversion
JEF
JEF
RJET
RJET
Q4 25
9.30×
Q3 25
0.76×
Q2 25
-10.70×
-0.45×
Q1 25
-19.48×
Q4 24
1.88×
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
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%

RJET
RJET

United Airlines$517.5M48%
Delta Air Lines$409.7M38%
Other$49.9M5%
Republic Airways Holdings Inc.$42.2M4%
Other Airlines$25.7M2%
LIFT Academy$23.2M2%

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