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盈透证券（IBKR）与Jefferies Financial Group Inc.（JEF）财务数据对比。点击上方公司名可切换其他公司
Jefferies Financial Group Inc.的季度营收约是盈透证券的1.0倍（$1.7B vs $1.7B）。盈透证券净利率更高（70.2% vs 12.6%，领先57.5%）
盈透证券集团是总部位于美国康涅狄格州格林威治的跨国经纪机构，运营着美国日均营收交易量最高的电子交易平台，2024年日均处理交易达260万笔。作为全球最大的外汇市场经纪商，同时也是头部主经纪商之一，服务商品经纪机构，可提供股票、期权、期货等多品类资产的经纪服务。
杰富瑞金融集团是总部位于美国纽约的金融服务企业，在纽约证券交易所挂牌上市，同时位列财富1000强榜单，为全球客户提供专业的金融相关服务。
IBKR vs JEF — 直观对比
营收规模更大
JEF
是对方的1.0倍
$1.7B
净利率更高
IBKR
高出57.5%
12.6%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.7B |
| 净利润 | $1.2B | $211.3M |
| 毛利率 | — | 95.7% |
| 营业利润率 | — | 15.2% |
| 净利率 | 70.2% | 12.6% |
| 营收同比 | 17.0% | — |
| 净利润同比 | 21.5% | — |
| 每股收益（稀释后） | $0.59 | $0.85 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IBKRJEF
| Q1 26 | $1.7B | — | ||
| Q4 25 | $667.0M | $1.7B | ||
| Q3 25 | $603.0M | $1.5B | ||
| Q2 25 | $578.0M | $1.2B | ||
| Q1 25 | $592.0M | $1.1B | ||
| Q4 24 | $558.0M | — | ||
| Q3 24 | $507.0M | $1.2B | ||
| Q2 24 | $474.0M | $1.0B |
净利润IBKRJEF
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $211.3M | ||
| Q3 25 | $1.2B | $242.5M | ||
| Q2 25 | $1.0B | $91.4M | ||
| Q1 25 | $964.0M | $136.8M | ||
| Q4 24 | $969.0M | — | ||
| Q3 24 | $834.0M | $181.0M | ||
| Q2 24 | $809.0M | $154.7M |
毛利率IBKRJEF
| Q1 26 | — | — | ||
| 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% |
营业利润率IBKRJEF
| Q1 26 | — | — | ||
| 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% |
净利率IBKRJEF
| Q1 26 | 70.2% | — | ||
| Q4 25 | 180.1% | 12.6% | ||
| Q3 25 | 196.7% | 16.1% | ||
| Q2 25 | 174.0% | 7.4% | ||
| Q1 25 | 162.8% | 12.0% | ||
| Q4 24 | 173.7% | — | ||
| Q3 24 | 164.5% | 14.8% | ||
| Q2 24 | 170.7% | 14.9% |
每股收益（稀释后）IBKRJEF
| Q1 26 | $0.59 | — | ||
| Q4 25 | $-0.82 | $0.85 | ||
| Q3 25 | $0.59 | $1.01 | ||
| Q2 25 | $0.51 | $0.40 | ||
| Q1 25 | $1.94 | $0.57 | ||
| Q4 24 | $2.00 | — | ||
| Q3 24 | $1.67 | $0.75 | ||
| Q2 24 | $1.65 | $0.64 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $5.1B | $14.0B |
| 总债务越低越好 | $12.0M | $15.9B |
| 股东权益账面价值 | $5.6B | $10.6B |
| 总资产 | $218.7B | $76.0B |
| 负债/权益比越低杠杆越低 | 0.00× | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资IBKRJEF
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.0B | $14.0B | ||
| Q3 25 | $5.1B | $11.5B | ||
| Q2 25 | $4.7B | $11.3B | ||
| Q1 25 | $3.5B | $11.2B | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.6B | $10.6B | ||
| Q2 24 | $3.9B | $10.8B |
总债务IBKRJEF
| Q1 26 | $12.0M | — | ||
| 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 |
股东权益IBKRJEF
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.4B | $10.6B | ||
| Q3 25 | $5.1B | $10.4B | ||
| Q2 25 | $4.8B | $10.3B | ||
| Q1 25 | $4.5B | $10.2B | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.1B | $10.0B | ||
| Q2 24 | $3.9B | $9.9B |
总资产IBKRJEF
| Q1 26 | $218.7B | — | ||
| Q4 25 | $203.2B | $76.0B | ||
| Q3 25 | $200.2B | $69.3B | ||
| Q2 25 | $181.5B | $67.3B | ||
| Q1 25 | $157.7B | $70.2B | ||
| Q4 24 | $150.1B | — | ||
| Q3 24 | $148.5B | $63.3B | ||
| Q2 24 | $136.6B | $63.0B |
负债/权益比IBKRJEF
| Q1 26 | 0.00× | — | ||
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $2.0B |
| 自由现金流经营现金流 - 资本支出 | — | $1.9B |
| 自由现金流率自由现金流/营收 | — | 114.2% |
| 资本支出强度资本支出/营收 | — | 3.4% |
| 现金转化率经营现金流/净利润 | — | 9.30× |
| 过去12个月自由现金流最近4个季度 | — | $-1.7B |
8季度趋势，按日历期对齐
经营现金流IBKRJEF
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $2.0B | ||
| Q3 25 | $4.5B | $184.2M | ||
| Q2 25 | $7.1B | $-978.3M | ||
| Q1 25 | $2.6B | $-2.7B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $1.6B | — |
自由现金流IBKRJEF
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $126.0M | ||
| Q2 25 | — | $-1.0B | ||
| Q1 25 | — | $-2.7B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率IBKRJEF
| Q1 26 | — | — | ||
| Q4 25 | — | 114.2% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | -83.3% | ||
| Q1 25 | — | -237.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度IBKRJEF
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率IBKRJEF
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | 9.30× | ||
| Q3 25 | 3.78× | 0.76× | ||
| Q2 25 | 7.10× | -10.70× | ||
| Q1 25 | 2.68× | -19.48× | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | 4.29× | — | ||
| Q2 24 | 2.00× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
IBKR
暂无分部数据
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% |
