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Side-by-side financial comparison of Jefferies Financial Group Inc. (JEF) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). 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 $1.2B, roughly 1.4× MARRIOTT VACATIONS WORLDWIDE Corp). Jefferies Financial Group Inc. runs the higher net margin — 12.6% vs -35.0%, a 47.7% gap on every dollar of revenue. Jefferies Financial Group Inc. produced more free cash flow last quarter ($1.9B vs $-6.0M).
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.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
JEF vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.2B |
| Net Profit | $211.3M | $-431.0M |
| Gross Margin | 95.7% | — |
| Operating Margin | 15.2% | — |
| Net Margin | 12.6% | -35.0% |
| Revenue YoY | — | -0.7% |
| Net Profit YoY | — | -962.0% |
| EPS (diluted) | $0.85 | $-12.00 |
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 | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $971.2M | $1.1B |
| Q4 25 | $211.3M | $-431.0M | ||
| Q3 25 | $242.5M | $-2.0M | ||
| Q2 25 | $91.4M | $69.0M | ||
| Q1 25 | $136.8M | $56.0M | ||
| Q4 24 | — | $50.0M | ||
| Q3 24 | $181.0M | $84.0M | ||
| Q2 24 | $154.7M | $37.0M | ||
| Q1 24 | $156.4M | $47.0M |
| 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% | — |
| Q4 25 | 15.2% | — | ||
| Q3 25 | 22.1% | — | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 13.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 20.7% | — | ||
| Q2 24 | 22.0% | — | ||
| Q1 24 | 22.7% | — |
| Q4 25 | 12.6% | -35.0% | ||
| Q3 25 | 16.1% | -0.2% | ||
| Q2 25 | 7.4% | 6.0% | ||
| Q1 25 | 12.0% | 5.0% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 14.8% | 6.9% | ||
| Q2 24 | 14.9% | 3.5% | ||
| Q1 24 | 16.1% | 4.2% |
| Q4 25 | $0.85 | $-12.00 | ||
| Q3 25 | $1.01 | $-0.07 | ||
| Q2 25 | $0.40 | $1.77 | ||
| Q1 25 | $0.57 | $1.46 | ||
| Q4 24 | — | $1.29 | ||
| Q3 24 | $0.75 | $2.12 | ||
| Q2 24 | $0.64 | $0.98 | ||
| Q1 24 | $0.66 | $1.22 |
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 | $406.0M |
| Total DebtLower is stronger | $15.9B | — |
| Stockholders' EquityBook value | $10.6B | $2.0B |
| Total Assets | $76.0B | $9.8B |
| Debt / EquityLower = less leverage | 1.50× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.0B | $406.0M | ||
| Q3 25 | $11.5B | $474.0M | ||
| Q2 25 | $11.3B | $205.0M | ||
| Q1 25 | $11.2B | $196.0M | ||
| Q4 24 | — | $197.0M | ||
| Q3 24 | $10.6B | $197.0M | ||
| Q2 24 | $10.8B | $206.0M | ||
| Q1 24 | $7.6B | $237.0M |
| 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 | $2.0B | ||
| Q3 25 | $10.4B | $2.5B | ||
| Q2 25 | $10.3B | $2.5B | ||
| Q1 25 | $10.2B | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $10.0B | $2.4B | ||
| Q2 24 | $9.9B | $2.4B | ||
| Q1 24 | $9.8B | $2.4B |
| Q4 25 | $76.0B | $9.8B | ||
| Q3 25 | $69.3B | $10.1B | ||
| Q2 25 | $67.3B | $9.9B | ||
| Q1 25 | $70.2B | $9.9B | ||
| Q4 24 | — | $9.8B | ||
| Q3 24 | $63.3B | $9.7B | ||
| Q2 24 | $63.0B | $9.6B | ||
| Q1 24 | $60.9B | $9.9B |
| 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 | $6.0M |
| Free Cash FlowOCF − Capex | $1.9B | $-6.0M |
| FCF MarginFCF / Revenue | 114.2% | -0.5% |
| Capex IntensityCapex / Revenue | 3.4% | 1.0% |
| Cash ConversionOCF / Net Profit | 9.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $6.0M | ||
| Q3 25 | $184.2M | $62.0M | ||
| Q2 25 | $-978.3M | $-48.0M | ||
| Q1 25 | $-2.7B | $8.0M | ||
| Q4 24 | — | $100.0M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | — | $30.0M | ||
| Q1 24 | $-1.3B | $3.0M |
| Q4 25 | $1.9B | $-6.0M | ||
| Q3 25 | $126.0M | $51.0M | ||
| Q2 25 | $-1.0B | $-68.0M | ||
| Q1 25 | $-2.7B | $-6.0M | ||
| Q4 24 | — | $86.0M | ||
| Q3 24 | — | $58.0M | ||
| Q2 24 | — | $17.0M | ||
| Q1 24 | $-1.4B | $-13.0M |
| Q4 25 | 114.2% | -0.5% | ||
| Q3 25 | 8.4% | 4.3% | ||
| Q2 25 | -83.3% | -5.9% | ||
| Q1 25 | -237.2% | -0.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | -139.4% | -1.2% |
| Q4 25 | 3.4% | 1.0% | ||
| Q3 25 | 3.9% | 0.9% | ||
| Q2 25 | 3.6% | 1.7% | ||
| Q1 25 | 4.3% | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | 9.9% | 1.4% |
| Q4 25 | 9.30× | — | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | -10.70× | -0.70× | ||
| Q1 25 | -19.48× | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | -8.04× | 0.06× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
