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Jefferies Financial Group Inc.（JEF）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
Jefferies Financial Group Inc.的季度营收约是帕森斯公司的1.0倍（$1.7B vs $1.6B），Jefferies Financial Group Inc.净利率更高（12.6% vs 3.5%，领先9.2%），Jefferies Financial Group Inc.自由现金流更多（$1.9B vs $135.6M）
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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
JEF vs PSN — 直观对比
营收规模更大
JEF
是对方的1.0倍
$1.6B
净利率更高
JEF
高出9.2%
3.5%
自由现金流更多
JEF
多$1.8B
$135.6M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.6B |
| 净利润 | $211.3M | $55.6M |
| 毛利率 | 95.7% | 23.0% |
| 营业利润率 | 15.2% | 6.6% |
| 净利率 | 12.6% | 3.5% |
| 营收同比 | — | -7.5% |
| 净利润同比 | — | -72.4% |
| 每股收益（稀释后） | $0.85 | $0.51 |
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JEFPSN
| Q4 25 | $1.7B | $1.6B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.0B | $1.7B | ||
| Q1 24 | $971.2M | $1.5B |
净利润JEFPSN
| Q4 25 | $211.3M | $55.6M | ||
| Q3 25 | $242.5M | $64.1M | ||
| Q2 25 | $91.4M | $55.2M | ||
| Q1 25 | $136.8M | $66.2M | ||
| Q4 24 | — | $201.3M | ||
| Q3 24 | $181.0M | $72.0M | ||
| Q2 24 | $154.7M | $69.2M | ||
| Q1 24 | $156.4M | $-107.4M |
毛利率JEFPSN
| Q4 25 | 95.7% | 23.0% | ||
| Q3 25 | 97.7% | 22.2% | ||
| Q2 25 | 96.5% | 22.0% | ||
| Q1 25 | 96.4% | 22.8% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | 96.9% | 19.9% | ||
| Q2 24 | 96.4% | 21.0% | ||
| Q1 24 | 96.4% | 21.2% |
营业利润率JEFPSN
| Q4 25 | 15.2% | 6.6% | ||
| Q3 25 | 22.1% | 6.7% | ||
| Q2 25 | 11.0% | 6.0% | ||
| Q1 25 | 13.2% | 7.0% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 20.7% | 6.4% | ||
| Q2 24 | 22.0% | 6.7% | ||
| Q1 24 | 22.7% | 6.6% |
净利率JEFPSN
| Q4 25 | 12.6% | 3.5% | ||
| Q3 25 | 16.1% | 4.0% | ||
| Q2 25 | 7.4% | 3.5% | ||
| Q1 25 | 12.0% | 4.3% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | 14.8% | 4.0% | ||
| Q2 24 | 14.9% | 4.1% | ||
| Q1 24 | 16.1% | -7.0% |
每股收益（稀释后）JEFPSN
| Q4 25 | $0.85 | $0.51 | ||
| Q3 25 | $1.01 | $0.59 | ||
| Q2 25 | $0.40 | $0.50 | ||
| Q1 25 | $0.57 | $0.60 | ||
| Q4 24 | — | $1.85 | ||
| Q3 24 | $0.75 | $0.65 | ||
| Q2 24 | $0.64 | $0.63 | ||
| Q1 24 | $0.66 | $-1.01 |
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 | $14.0B | $466.4M |
| 总债务越低越好 | $15.9B | $1.2B |
| 股东权益账面价值 | $10.6B | $2.6B |
| 总资产 | $76.0B | $5.8B |
| 负债/权益比越低杠杆越低 | 1.50× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资JEFPSN
| Q4 25 | $14.0B | $466.4M | ||
| Q3 25 | $11.5B | $422.6M | ||
| Q2 25 | $11.3B | $411.3M | ||
| Q1 25 | $11.2B | $269.7M | ||
| Q4 24 | — | $453.5M | ||
| Q3 24 | $10.6B | $558.8M | ||
| Q2 24 | $10.8B | $528.5M | ||
| Q1 24 | $7.6B | $423.1M |
总债务JEFPSN
| Q4 25 | $15.9B | $1.2B | ||
| Q3 25 | $16.0B | $1.2B | ||
| Q2 25 | $15.4B | $1.2B | ||
| Q1 25 | $14.8B | $785.2M | ||
| Q4 24 | — | $784.1M | ||
| Q3 24 | $12.9B | $1.1B | ||
| Q2 24 | $12.7B | $1.2B | ||
| Q1 24 | $9.9B | $1.2B |
股东权益JEFPSN
| Q4 25 | $10.6B | $2.6B | ||
| Q3 25 | $10.4B | $2.6B | ||
| Q2 25 | $10.3B | $2.5B | ||
| Q1 25 | $10.2B | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $10.0B | $2.3B | ||
| Q2 24 | $9.9B | $2.2B | ||
| Q1 24 | $9.8B | $2.1B |
总资产JEFPSN
| Q4 25 | $76.0B | $5.8B | ||
| Q3 25 | $69.3B | $5.7B | ||
| Q2 25 | $67.3B | $5.7B | ||
| Q1 25 | $70.2B | $5.4B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | $63.3B | $5.4B | ||
| Q2 24 | $63.0B | $5.2B | ||
| Q1 24 | $60.9B | $5.1B |
负债/权益比JEFPSN
| Q4 25 | 1.50× | 0.47× | ||
| Q3 25 | 1.53× | 0.48× | ||
| Q2 25 | 1.49× | 0.49× | ||
| Q1 25 | 1.45× | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | 1.29× | 0.49× | ||
| Q2 24 | 1.28× | 0.56× | ||
| Q1 24 | 1.01× | 0.58× |
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 | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $1.9B | $135.6M |
| 自由现金流率自由现金流/营收 | 114.2% | 8.5% |
| 资本支出强度资本支出/营收 | 3.4% | 2.0% |
| 现金转化率经营现金流/净利润 | 9.30× | 3.01× |
| 过去12个月自由现金流最近4个季度 | $-1.7B | $410.4M |
8季度趋势，按日历期对齐
经营现金流JEFPSN
| Q4 25 | $2.0B | $167.5M | ||
| Q3 25 | $184.2M | $162.8M | ||
| Q2 25 | $-978.3M | $159.8M | ||
| Q1 25 | $-2.7B | $-11.8M | ||
| Q4 24 | — | $126.8M | ||
| Q3 24 | — | $299.0M | ||
| Q2 24 | — | $161.2M | ||
| Q1 24 | $-1.3B | $-63.4M |
自由现金流JEFPSN
| Q4 25 | $1.9B | $135.6M | ||
| Q3 25 | $126.0M | $149.7M | ||
| Q2 25 | $-1.0B | $150.4M | ||
| Q1 25 | $-2.7B | $-25.3M | ||
| Q4 24 | — | $108.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $152.0M | ||
| Q1 24 | $-1.4B | $-72.9M |
自由现金流率JEFPSN
| Q4 25 | 114.2% | 8.5% | ||
| Q3 25 | 8.4% | 9.2% | ||
| Q2 25 | -83.3% | 9.5% | ||
| Q1 25 | -237.2% | -1.6% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | -139.4% | -4.7% |
资本支出强度JEFPSN
| Q4 25 | 3.4% | 2.0% | ||
| Q3 25 | 3.9% | 0.8% | ||
| Q2 25 | 3.6% | 0.6% | ||
| Q1 25 | 4.3% | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | 9.9% | 0.6% |
现金转化率JEFPSN
| Q4 25 | 9.30× | 3.01× | ||
| Q3 25 | 0.76× | 2.54× | ||
| Q2 25 | -10.70× | 2.89× | ||
| Q1 25 | -19.48× | -0.18× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 4.16× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | -8.04× | — |
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
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% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
