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Side-by-side financial comparison of Raymond James Financial (RJF) and Sempra (SRE). Click either name above to swap in a different company.
Raymond James Financial is the larger business by last-quarter revenue ($4.2B vs $3.3B, roughly 1.3× Sempra). Raymond James Financial runs the higher net margin — 13.5% vs 10.7%, a 2.8% gap on every dollar of revenue. On growth, Sempra posted the faster year-over-year revenue change (6.9% vs 3.5%). Raymond James Financial produced more free cash flow last quarter ($-56.0M vs $-2.2B). Over the past eight quarters, Raymond James Financial's revenue compounded faster (7.1% CAGR vs -5.8%).
Raymond James Financial, Inc. is an American multinational independent investment bank and financial services company providing financial services to individuals, corporations, and municipalities through its subsidiary companies that engage primarily in investment and financial planning, in addition to investment banking and asset management. The company is headquartered in St. Petersburg, Florida.
Sempra is a North American public utility holding company based in San Diego, California. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers.
RJF vs SRE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.2B | $3.3B |
| Net Profit | $563.0M | $352.0M |
| Gross Margin | — | — |
| Operating Margin | — | 7.2% |
| Net Margin | 13.5% | 10.7% |
| Revenue YoY | 3.5% | 6.9% |
| Net Profit YoY | -6.2% | -47.9% |
| EPS (diluted) | $2.79 | $0.53 |
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 | $4.2B | $3.3B | ||
| Q3 25 | $4.2B | $2.8B | ||
| Q2 25 | $3.8B | $2.7B | ||
| Q1 25 | $3.8B | $3.7B | ||
| Q4 24 | $4.0B | $3.1B | ||
| Q3 24 | $4.0B | $2.6B | ||
| Q2 24 | $3.8B | $2.5B | ||
| Q1 24 | $3.6B | $3.7B |
| Q4 25 | $563.0M | $352.0M | ||
| Q3 25 | $604.0M | $95.0M | ||
| Q2 25 | $436.0M | $473.0M | ||
| Q1 25 | $495.0M | $917.0M | ||
| Q4 24 | $600.0M | $676.0M | ||
| Q3 24 | $602.0M | $649.0M | ||
| Q2 24 | $492.0M | $725.0M | ||
| Q1 24 | $476.0M | $812.0M |
| Q4 25 | — | 7.2% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | 14.7% | 17.3% | ||
| Q1 25 | 17.5% | 21.5% | ||
| Q4 24 | 18.6% | 35.0% | ||
| Q3 24 | — | 12.9% | ||
| Q2 24 | 17.1% | 18.8% | ||
| Q1 24 | 16.7% | 22.7% |
| Q4 25 | 13.5% | 10.7% | ||
| Q3 25 | 14.4% | 3.4% | ||
| Q2 25 | 11.3% | 17.5% | ||
| Q1 25 | 12.9% | 24.9% | ||
| Q4 24 | 14.9% | 22.0% | ||
| Q3 24 | 15.0% | 25.3% | ||
| Q2 24 | 13.1% | 29.2% | ||
| Q1 24 | 13.1% | 22.0% |
| Q4 25 | $2.79 | $0.53 | ||
| Q3 25 | $2.96 | $0.12 | ||
| Q2 25 | $2.12 | $0.71 | ||
| Q1 25 | $2.36 | $1.39 | ||
| Q4 24 | $2.86 | $1.04 | ||
| Q3 24 | $2.85 | $1.00 | ||
| Q2 24 | $2.31 | $1.12 | ||
| Q1 24 | $2.22 | $1.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $9.9B | $29.0M |
| Total DebtLower is stronger | — | $29.0B |
| Stockholders' EquityBook value | $12.6B | $31.6B |
| Total Assets | $88.8B | $110.9B |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.9B | $29.0M | ||
| Q3 25 | $11.4B | $5.0M | ||
| Q2 25 | $9.2B | $155.0M | ||
| Q1 25 | $9.7B | $1.7B | ||
| Q4 24 | $10.0B | $1.6B | ||
| Q3 24 | $11.0B | $560.0M | ||
| Q2 24 | $9.1B | $228.0M | ||
| Q1 24 | $10.0B | $606.0M |
| Q4 25 | — | $29.0B | ||
| Q3 25 | — | $29.0B | ||
| Q2 25 | — | $34.9B | ||
| Q1 25 | — | $33.3B | ||
| Q4 24 | — | $31.6B | ||
| Q3 24 | — | $31.0B | ||
| Q2 24 | — | $29.0B | ||
| Q1 24 | — | $29.5B |
| Q4 25 | $12.6B | $31.6B | ||
| Q3 25 | $12.5B | $31.2B | ||
| Q2 25 | $12.3B | $31.7B | ||
| Q1 25 | $12.2B | $31.6B | ||
| Q4 24 | $11.9B | $31.2B | ||
| Q3 24 | $11.7B | $29.7B | ||
| Q2 24 | $11.2B | $29.5B | ||
| Q1 24 | $11.0B | $29.1B |
| Q4 25 | $88.8B | $110.9B | ||
| Q3 25 | $88.2B | $106.9B | ||
| Q2 25 | $84.8B | $99.9B | ||
| Q1 25 | $83.1B | $99.0B | ||
| Q4 24 | $82.3B | $96.2B | ||
| Q3 24 | $83.0B | $93.7B | ||
| Q2 24 | $80.6B | $90.5B | ||
| Q1 24 | $81.2B | $89.6B |
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 1.04× | ||
| Q2 24 | — | 0.98× | ||
| 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 | $-10.0M | $1.2B |
| Free Cash FlowOCF − Capex | $-56.0M | $-2.2B |
| FCF MarginFCF / Revenue | -1.3% | -67.7% |
| Capex IntensityCapex / Revenue | 1.1% | 104.0% |
| Cash ConversionOCF / Net Profit | -0.02× | 3.38× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $-6.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.0M | $1.2B | ||
| Q3 25 | $796.0M | $1.1B | ||
| Q2 25 | $691.0M | $784.0M | ||
| Q1 25 | $117.0M | $1.5B | ||
| Q4 24 | $830.0M | $1.4B | ||
| Q3 24 | $510.0M | $1.0B | ||
| Q2 24 | $711.0M | $669.0M | ||
| Q1 24 | $391.0M | $1.9B |
| Q4 25 | $-56.0M | $-2.2B | ||
| Q3 25 | $752.0M | $-1.5B | ||
| Q2 25 | $634.0M | $-1.5B | ||
| Q1 25 | $71.0M | $-854.0M | ||
| Q4 24 | $789.0M | $-1.1B | ||
| Q3 24 | $460.0M | $-913.0M | ||
| Q2 24 | $655.0M | $-1.2B | ||
| Q1 24 | $342.0M | $-82.0M |
| Q4 25 | -1.3% | -67.7% | ||
| Q3 25 | 17.9% | -52.6% | ||
| Q2 25 | 16.5% | -56.3% | ||
| Q1 25 | 1.8% | -23.2% | ||
| Q4 24 | 19.6% | -35.4% | ||
| Q3 24 | 11.5% | -35.5% | ||
| Q2 24 | 17.4% | -49.4% | ||
| Q1 24 | 9.4% | -2.2% |
| Q4 25 | 1.1% | 104.0% | ||
| Q3 25 | 1.1% | 92.9% | ||
| Q2 25 | 1.5% | 85.3% | ||
| Q1 25 | 1.2% | 63.5% | ||
| Q4 24 | 1.0% | 79.9% | ||
| Q3 24 | 1.2% | 75.3% | ||
| Q2 24 | 1.5% | 76.4% | ||
| Q1 24 | 1.3% | 52.3% |
| Q4 25 | -0.02× | 3.38× | ||
| Q3 25 | 1.32× | 11.68× | ||
| Q2 25 | 1.58× | 1.66× | ||
| Q1 25 | 0.24× | 1.62× | ||
| Q4 24 | 1.38× | 2.02× | ||
| Q3 24 | 0.85× | 1.57× | ||
| Q2 24 | 1.45× | 0.92× | ||
| Q1 24 | 0.82× | 2.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
