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Side-by-side financial comparison of Jefferies Financial Group Inc. (JEF) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.
Vertiv Holdings Co is the larger business by last-quarter revenue ($2.6B vs $1.7B, roughly 1.6× Jefferies Financial Group Inc.). Vertiv Holdings Co runs the higher net margin — 14.7% vs 12.6%, a 2.1% gap on every dollar of revenue. Jefferies Financial Group Inc. produced more free cash flow last quarter ($1.9B vs $652.8M).
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.
Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.
JEF vs VRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $2.6B |
| Net Profit | $211.3M | $390.1M |
| Gross Margin | 95.7% | 37.7% |
| Operating Margin | 15.2% | — |
| Net Margin | 12.6% | 14.7% |
| Revenue YoY | — | 30.1% |
| Net Profit YoY | — | 137.1% |
| EPS (diluted) | $0.85 | $0.99 |
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.
| Q1 26 | — | $2.6B | ||
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.1B | $2.0B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.0B | $2.0B |
| Q1 26 | — | $390.1M | ||
| Q4 25 | $211.3M | $445.6M | ||
| Q3 25 | $242.5M | $398.5M | ||
| Q2 25 | $91.4M | $324.2M | ||
| Q1 25 | $136.8M | $164.5M | ||
| Q4 24 | — | $147.0M | ||
| Q3 24 | $181.0M | $176.6M | ||
| Q2 24 | $154.7M | $178.1M |
| Q1 26 | — | 37.7% | ||
| Q4 25 | 95.7% | 38.9% | ||
| Q3 25 | 97.7% | 37.8% | ||
| Q2 25 | 96.5% | 34.0% | ||
| Q1 25 | 96.4% | 33.7% | ||
| Q4 24 | — | 37.1% | ||
| Q3 24 | 96.9% | 36.5% | ||
| Q2 24 | 96.4% | 38.0% |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | 20.1% | ||
| Q3 25 | 22.1% | 19.3% | ||
| Q2 25 | 11.0% | 16.8% | ||
| Q1 25 | 13.2% | 14.3% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | 20.7% | 17.9% | ||
| Q2 24 | 22.0% | 17.2% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | 12.6% | 15.5% | ||
| Q3 25 | 16.1% | 14.9% | ||
| Q2 25 | 7.4% | 12.3% | ||
| Q1 25 | 12.0% | 8.1% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | 14.8% | 8.5% | ||
| Q2 24 | 14.9% | 9.1% |
| Q1 26 | — | $0.99 | ||
| Q4 25 | $0.85 | $1.14 | ||
| Q3 25 | $1.01 | $1.02 | ||
| Q2 25 | $0.40 | $0.83 | ||
| Q1 25 | $0.57 | $0.42 | ||
| Q4 24 | — | $0.38 | ||
| Q3 24 | $0.75 | $0.46 | ||
| Q2 24 | $0.64 | $0.46 |
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 | $2.5B |
| Total DebtLower is stronger | $15.9B | $0 |
| Stockholders' EquityBook value | $10.6B | $4.2B |
| Total Assets | $76.0B | $13.4B |
| Debt / EquityLower = less leverage | 1.50× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.5B | ||
| Q4 25 | $14.0B | $1.7B | ||
| Q3 25 | $11.5B | $1.4B | ||
| Q2 25 | $11.3B | $1.6B | ||
| Q1 25 | $11.2B | $1.5B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $10.6B | $908.7M | ||
| Q2 24 | $10.8B | $579.7M |
| Q1 26 | — | $0 | ||
| Q4 25 | $15.9B | $2.9B | ||
| Q3 25 | $16.0B | $2.9B | ||
| Q2 25 | $15.4B | $2.9B | ||
| Q1 25 | $14.8B | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $12.9B | $2.9B | ||
| Q2 24 | $12.7B | $2.9B |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $10.6B | $3.9B | ||
| Q3 25 | $10.4B | $3.5B | ||
| Q2 25 | $10.3B | $3.1B | ||
| Q1 25 | $10.2B | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $10.0B | $1.8B | ||
| Q2 24 | $9.9B | $1.5B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $76.0B | $12.2B | ||
| Q3 25 | $69.3B | $10.8B | ||
| Q2 25 | $67.3B | $10.4B | ||
| Q1 25 | $70.2B | $9.5B | ||
| Q4 24 | — | $9.1B | ||
| Q3 24 | $63.3B | $8.9B | ||
| Q2 24 | $63.0B | $8.1B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 1.50× | 0.74× | ||
| Q3 25 | 1.53× | 0.83× | ||
| Q2 25 | 1.49× | 0.93× | ||
| Q1 25 | 1.45× | 1.10× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | 1.29× | 1.62× | ||
| Q2 24 | 1.28× | 1.91× |
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 | — |
| Free Cash FlowOCF − Capex | $1.9B | $652.8M |
| FCF MarginFCF / Revenue | 114.2% | 24.6% |
| Capex IntensityCapex / Revenue | 3.4% | 4.2% |
| Cash ConversionOCF / Net Profit | 9.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | $2.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $978.9M | ||
| Q3 25 | $184.2M | $508.7M | ||
| Q2 25 | $-978.3M | $322.9M | ||
| Q1 25 | $-2.7B | $303.3M | ||
| Q4 24 | — | $425.2M | ||
| Q3 24 | — | $378.2M | ||
| Q2 24 | — | $378.4M |
| Q1 26 | — | $652.8M | ||
| Q4 25 | $1.9B | $885.6M | ||
| Q3 25 | $126.0M | $463.5M | ||
| Q2 25 | $-1.0B | $277.9M | ||
| Q1 25 | $-2.7B | $266.8M | ||
| Q4 24 | — | $364.5M | ||
| Q3 24 | — | $341.8M | ||
| Q2 24 | — | $344.3M |
| Q1 26 | — | 24.6% | ||
| Q4 25 | 114.2% | 30.8% | ||
| Q3 25 | 8.4% | 17.3% | ||
| Q2 25 | -83.3% | 10.5% | ||
| Q1 25 | -237.2% | 13.1% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 16.5% | ||
| Q2 24 | — | 17.6% |
| Q1 26 | — | 4.2% | ||
| Q4 25 | 3.4% | 3.2% | ||
| Q3 25 | 3.9% | 1.7% | ||
| Q2 25 | 3.6% | 1.7% | ||
| Q1 25 | 4.3% | 1.8% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 9.30× | 2.20× | ||
| Q3 25 | 0.76× | 1.28× | ||
| Q2 25 | -10.70× | 1.00× | ||
| Q1 25 | -19.48× | 1.84× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | 2.14× | ||
| Q2 24 | — | 2.12× |
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% |
VRT
Segment breakdown not available.
