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Side-by-side financial comparison of Raymond James Financial (RJF) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Raymond James Financial is the larger business by last-quarter revenue ($4.2B vs $3.1B, roughly 1.3× Molson Coors Beverage Company). Raymond James Financial runs the higher net margin — 13.5% vs 7.6%, a 5.9% gap on every dollar of revenue. On growth, Raymond James Financial posted the faster year-over-year revenue change (3.5% vs -3.6%). Molson Coors Beverage Company produced more free cash flow last quarter ($357.8M vs $-56.0M). Over the past eight quarters, Raymond James Financial's revenue compounded faster (7.1% CAGR vs 1.2%).

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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

RJF vs TAP — Head-to-Head

Bigger by revenue
RJF
RJF
1.3× larger
RJF
$4.2B
$3.1B
TAP
Growing faster (revenue YoY)
RJF
RJF
+7.1% gap
RJF
3.5%
-3.6%
TAP
Higher net margin
RJF
RJF
5.9% more per $
RJF
13.5%
7.6%
TAP
More free cash flow
TAP
TAP
$413.8M more FCF
TAP
$357.8M
$-56.0M
RJF
Faster 2-yr revenue CAGR
RJF
RJF
Annualised
RJF
7.1%
1.2%
TAP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
RJF
RJF
TAP
TAP
Revenue
$4.2B
$3.1B
Net Profit
$563.0M
$238.3M
Gross Margin
31.0%
Operating Margin
10.4%
Net Margin
13.5%
7.6%
Revenue YoY
3.5%
-3.6%
Net Profit YoY
-6.2%
-17.2%
EPS (diluted)
$2.79
$1.32

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
RJF
RJF
TAP
TAP
Q4 25
$4.2B
$3.1B
Q3 25
$4.2B
$3.5B
Q2 25
$3.8B
$3.7B
Q1 25
$3.8B
$2.7B
Q4 24
$4.0B
$3.2B
Q3 24
$4.0B
$3.6B
Q2 24
$3.8B
$3.8B
Q1 24
$3.6B
$3.0B
Net Profit
RJF
RJF
TAP
TAP
Q4 25
$563.0M
$238.3M
Q3 25
$604.0M
$-2.9B
Q2 25
$436.0M
$428.7M
Q1 25
$495.0M
$121.0M
Q4 24
$600.0M
$287.8M
Q3 24
$602.0M
$199.8M
Q2 24
$492.0M
$427.0M
Q1 24
$476.0M
$207.8M
Gross Margin
RJF
RJF
TAP
TAP
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Q1 24
31.6%
Operating Margin
RJF
RJF
TAP
TAP
Q4 25
10.4%
Q3 25
-98.5%
Q2 25
14.7%
15.6%
Q1 25
17.5%
6.9%
Q4 24
18.6%
12.0%
Q3 24
12.5%
Q2 24
17.1%
15.6%
Q1 24
16.7%
10.3%
Net Margin
RJF
RJF
TAP
TAP
Q4 25
13.5%
7.6%
Q3 25
14.4%
-84.0%
Q2 25
11.3%
11.5%
Q1 25
12.9%
4.5%
Q4 24
14.9%
8.9%
Q3 24
15.0%
5.5%
Q2 24
13.1%
11.1%
Q1 24
13.1%
6.8%
EPS (diluted)
RJF
RJF
TAP
TAP
Q4 25
$2.79
$1.32
Q3 25
$2.96
$-14.79
Q2 25
$2.12
$2.13
Q1 25
$2.36
$0.59
Q4 24
$2.86
$1.39
Q3 24
$2.85
$0.96
Q2 24
$2.31
$2.03
Q1 24
$2.22
$0.97

Balance Sheet & Financial Strength

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

Metric
RJF
RJF
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$9.9B
$896.5M
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$12.6B
$10.2B
Total Assets
$88.8B
$22.7B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RJF
RJF
TAP
TAP
Q4 25
$9.9B
$896.5M
Q3 25
$11.4B
$950.2M
Q2 25
$9.2B
$613.8M
Q1 25
$9.7B
$412.7M
Q4 24
$10.0B
$969.3M
Q3 24
$11.0B
$1.0B
Q2 24
$9.1B
$1.6B
Q1 24
$10.0B
$458.4M
Total Debt
RJF
RJF
TAP
TAP
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Q1 24
$6.2B
Stockholders' Equity
RJF
RJF
TAP
TAP
Q4 25
$12.6B
$10.2B
Q3 25
$12.5B
$10.3B
Q2 25
$12.3B
$13.4B
Q1 25
$12.2B
$13.1B
Q4 24
$11.9B
$13.1B
Q3 24
$11.7B
$13.3B
Q2 24
$11.2B
$13.2B
Q1 24
$11.0B
$13.1B
Total Assets
RJF
RJF
TAP
TAP
Q4 25
$88.8B
$22.7B
Q3 25
$88.2B
$22.9B
Q2 25
$84.8B
$26.8B
Q1 25
$83.1B
$25.9B
Q4 24
$82.3B
$26.1B
Q3 24
$83.0B
$26.6B
Q2 24
$80.6B
$27.4B
Q1 24
$81.2B
$26.1B
Debt / Equity
RJF
RJF
TAP
TAP
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×
Q1 24
0.47×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RJF
RJF
TAP
TAP
Operating Cash FlowLast quarter
$-10.0M
$540.7M
Free Cash FlowOCF − Capex
$-56.0M
$357.8M
FCF MarginFCF / Revenue
-1.3%
11.4%
Capex IntensityCapex / Revenue
1.1%
5.9%
Cash ConversionOCF / Net Profit
-0.02×
2.27×
TTM Free Cash FlowTrailing 4 quarters
$1.4B
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RJF
RJF
TAP
TAP
Q4 25
$-10.0M
$540.7M
Q3 25
$796.0M
$616.1M
Q2 25
$691.0M
$718.3M
Q1 25
$117.0M
$-90.7M
Q4 24
$830.0M
$494.5M
Q3 24
$510.0M
$521.2M
Q2 24
$711.0M
$869.2M
Q1 24
$391.0M
$25.4M
Free Cash Flow
RJF
RJF
TAP
TAP
Q4 25
$-56.0M
$357.8M
Q3 25
$752.0M
$483.0M
Q2 25
$634.0M
$555.0M
Q1 25
$71.0M
$-328.0M
Q4 24
$789.0M
$383.4M
Q3 24
$460.0M
$350.4M
Q2 24
$655.0M
$691.7M
Q1 24
$342.0M
$-189.3M
FCF Margin
RJF
RJF
TAP
TAP
Q4 25
-1.3%
11.4%
Q3 25
17.9%
13.9%
Q2 25
16.5%
14.8%
Q1 25
1.8%
-12.2%
Q4 24
19.6%
11.8%
Q3 24
11.5%
9.7%
Q2 24
17.4%
18.0%
Q1 24
9.4%
-6.2%
Capex Intensity
RJF
RJF
TAP
TAP
Q4 25
1.1%
5.9%
Q3 25
1.1%
3.8%
Q2 25
1.5%
4.4%
Q1 25
1.2%
8.8%
Q4 24
1.0%
3.4%
Q3 24
1.2%
4.7%
Q2 24
1.5%
4.6%
Q1 24
1.3%
7.0%
Cash Conversion
RJF
RJF
TAP
TAP
Q4 25
-0.02×
2.27×
Q3 25
1.32×
Q2 25
1.58×
1.68×
Q1 25
0.24×
-0.75×
Q4 24
1.38×
1.72×
Q3 24
0.85×
2.61×
Q2 24
1.45×
2.04×
Q1 24
0.82×
0.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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