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Side-by-side financial comparison of Jefferies Financial Group Inc. (JEF) and Trade Desk (The) (TTD). 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 $846.8M, roughly 2.0× Trade Desk (The)). Trade Desk (The) runs the higher net margin — 22.1% vs 12.6%, a 9.4% gap on every dollar of revenue. Jefferies Financial Group Inc. produced more free cash flow last quarter ($1.9B vs $285.3M).
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.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
JEF vs TTD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $846.8M |
| Net Profit | $211.3M | $186.9M |
| Gross Margin | 95.7% | 80.7% |
| Operating Margin | 15.2% | 30.3% |
| Net Margin | 12.6% | 22.1% |
| Revenue YoY | — | 14.3% |
| Net Profit YoY | — | 2.6% |
| EPS (diluted) | $0.85 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $1.5B | $739.4M | ||
| Q2 25 | $1.2B | $694.0M | ||
| Q1 25 | $1.1B | $616.0M | ||
| Q4 24 | — | $741.0M | ||
| Q3 24 | $1.2B | $628.0M | ||
| Q2 24 | $1.0B | $584.5M | ||
| Q1 24 | $971.2M | $491.3M |
| Q4 25 | $211.3M | $186.9M | ||
| Q3 25 | $242.5M | $115.5M | ||
| Q2 25 | $91.4M | $90.1M | ||
| Q1 25 | $136.8M | $50.7M | ||
| Q4 24 | — | $182.2M | ||
| Q3 24 | $181.0M | $94.2M | ||
| Q2 24 | $154.7M | $85.0M | ||
| Q1 24 | $156.4M | $31.7M |
| Q4 25 | 95.7% | 80.7% | ||
| Q3 25 | 97.7% | 78.1% | ||
| Q2 25 | 96.5% | 78.2% | ||
| Q1 25 | 96.4% | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | 96.9% | 80.5% | ||
| Q2 24 | 96.4% | 81.1% | ||
| Q1 24 | 96.4% | 78.9% |
| Q4 25 | 15.2% | 30.3% | ||
| Q3 25 | 22.1% | 21.8% | ||
| Q2 25 | 11.0% | 16.8% | ||
| Q1 25 | 13.2% | 8.8% | ||
| Q4 24 | — | 26.4% | ||
| Q3 24 | 20.7% | 17.3% | ||
| Q2 24 | 22.0% | 16.2% | ||
| Q1 24 | 22.7% | 5.8% |
| Q4 25 | 12.6% | 22.1% | ||
| Q3 25 | 16.1% | 15.6% | ||
| Q2 25 | 7.4% | 13.0% | ||
| Q1 25 | 12.0% | 8.2% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | 14.8% | 15.0% | ||
| Q2 24 | 14.9% | 14.5% | ||
| Q1 24 | 16.1% | 6.4% |
| Q4 25 | $0.85 | $0.39 | ||
| Q3 25 | $1.01 | $0.23 | ||
| Q2 25 | $0.40 | $0.18 | ||
| Q1 25 | $0.57 | $0.10 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | $0.75 | $0.19 | ||
| Q2 24 | $0.64 | $0.17 | ||
| Q1 24 | $0.66 | $0.06 |
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 | $1.3B |
| Total DebtLower is stronger | $15.9B | — |
| Stockholders' EquityBook value | $10.6B | $2.5B |
| Total Assets | $76.0B | $6.2B |
| Debt / EquityLower = less leverage | 1.50× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.0B | $1.3B | ||
| Q3 25 | $11.5B | $1.4B | ||
| Q2 25 | $11.3B | $1.7B | ||
| Q1 25 | $11.2B | $1.7B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $10.6B | $1.7B | ||
| Q2 24 | $10.8B | $1.5B | ||
| Q1 24 | $7.6B | $1.4B |
| Q4 25 | $15.9B | — | ||
| Q3 25 | $16.0B | — | ||
| Q2 25 | $15.4B | — | ||
| Q1 25 | $14.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $12.9B | — | ||
| Q2 24 | $12.7B | — | ||
| Q1 24 | $9.9B | — |
| Q4 25 | $10.6B | $2.5B | ||
| Q3 25 | $10.4B | $2.6B | ||
| Q2 25 | $10.3B | $2.7B | ||
| Q1 25 | $10.2B | $2.7B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $10.0B | $2.6B | ||
| Q2 24 | $9.9B | $2.4B | ||
| Q1 24 | $9.8B | $2.2B |
| Q4 25 | $76.0B | $6.2B | ||
| Q3 25 | $69.3B | $5.9B | ||
| Q2 25 | $67.3B | $6.0B | ||
| Q1 25 | $70.2B | $5.7B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | $63.3B | $5.5B | ||
| Q2 24 | $63.0B | $5.2B | ||
| Q1 24 | $60.9B | $4.7B |
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | — | — | ||
| 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 | $311.6M |
| Free Cash FlowOCF − Capex | $1.9B | $285.3M |
| FCF MarginFCF / Revenue | 114.2% | 33.7% |
| Capex IntensityCapex / Revenue | 3.4% | 3.1% |
| Cash ConversionOCF / Net Profit | 9.30× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $311.6M | ||
| Q3 25 | $184.2M | $224.7M | ||
| Q2 25 | $-978.3M | $165.0M | ||
| Q1 25 | $-2.7B | $291.4M | ||
| Q4 24 | — | $199.4M | ||
| Q3 24 | — | $273.3M | ||
| Q2 24 | — | $81.3M | ||
| Q1 24 | $-1.3B | $185.5M |
| Q4 25 | $1.9B | $285.3M | ||
| Q3 25 | $126.0M | $158.3M | ||
| Q2 25 | $-1.0B | $119.8M | ||
| Q1 25 | $-2.7B | $232.3M | ||
| Q4 24 | — | $179.2M | ||
| Q3 24 | — | $224.6M | ||
| Q2 24 | — | $59.1M | ||
| Q1 24 | $-1.4B | $178.2M |
| Q4 25 | 114.2% | 33.7% | ||
| Q3 25 | 8.4% | 21.4% | ||
| Q2 25 | -83.3% | 17.3% | ||
| Q1 25 | -237.2% | 37.7% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | -139.4% | 36.3% |
| Q4 25 | 3.4% | 3.1% | ||
| Q3 25 | 3.9% | 9.0% | ||
| Q2 25 | 3.6% | 6.5% | ||
| Q1 25 | 4.3% | 9.6% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | 9.9% | 1.5% |
| Q4 25 | 9.30× | 1.67× | ||
| Q3 25 | 0.76× | 1.94× | ||
| Q2 25 | -10.70× | 1.83× | ||
| Q1 25 | -19.48× | 5.75× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 2.90× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | -8.04× | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
