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Jefferies Financial Group Inc.（JEF）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
Jefferies Financial Group Inc.的季度营收约是利氏兄弟拍卖行的1.4倍（$1.7B vs $1.2B），Jefferies Financial Group Inc.净利率更高（12.6% vs 9.1%，领先3.5%），Jefferies Financial Group Inc.自由现金流更多（$1.9B vs $186.5M）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
JEF vs RBA — 直观对比
营收规模更大
JEF
是对方的1.4倍
$1.2B
净利率更高
JEF
高出3.5%
9.1%
自由现金流更多
JEF
多$1.7B
$186.5M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $211.3M | $109.7M |
| 毛利率 | 95.7% | — |
| 营业利润率 | 15.2% | 14.7% |
| 净利率 | 12.6% | 9.1% |
| 营收同比 | — | 5.4% |
| 净利润同比 | — | -7.4% |
| 每股收益（稀释后） | $0.85 | $0.53 |
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JEFRBA
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $1.2B | $981.8M | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $971.2M | $1.1B |
净利润JEFRBA
| Q4 25 | $211.3M | $109.7M | ||
| Q3 25 | $242.5M | $95.5M | ||
| Q2 25 | $91.4M | $109.8M | ||
| Q1 25 | $136.8M | $113.4M | ||
| Q4 24 | — | $118.5M | ||
| Q3 24 | $181.0M | $76.1M | ||
| Q2 24 | $154.7M | $111.1M | ||
| Q1 24 | $156.4M | $107.4M |
毛利率JEFRBA
| 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% | — | ||
| Q1 24 | 96.4% | — |
营业利润率JEFRBA
| Q4 25 | 15.2% | 14.7% | ||
| Q3 25 | 22.1% | 14.5% | ||
| Q2 25 | 11.0% | 15.9% | ||
| Q1 25 | 13.2% | 17.1% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | 20.7% | 15.6% | ||
| Q2 24 | 22.0% | 18.4% | ||
| Q1 24 | 22.7% | 18.7% |
净利率JEFRBA
| Q4 25 | 12.6% | 9.1% | ||
| Q3 25 | 16.1% | 8.7% | ||
| Q2 25 | 7.4% | 9.3% | ||
| Q1 25 | 12.0% | 10.2% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | 14.8% | 7.8% | ||
| Q2 24 | 14.9% | 10.1% | ||
| Q1 24 | 16.1% | 10.1% |
每股收益（稀释后）JEFRBA
| Q4 25 | $0.85 | $0.53 | ||
| Q3 25 | $1.01 | $0.43 | ||
| Q2 25 | $0.40 | $0.53 | ||
| Q1 25 | $0.57 | $0.55 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | $0.75 | $0.36 | ||
| Q2 24 | $0.64 | $0.54 | ||
| Q1 24 | $0.66 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | $15.9B | $2.3B |
| 股东权益账面价值 | $10.6B | $5.6B |
| 总资产 | $76.0B | $12.1B |
| 负债/权益比越低杠杆越低 | 1.50× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资JEFRBA
| Q4 25 | $14.0B | $531.5M | ||
| Q3 25 | $11.5B | $674.7M | ||
| Q2 25 | $11.3B | $710.2M | ||
| Q1 25 | $11.2B | $578.1M | ||
| Q4 24 | — | $533.9M | ||
| Q3 24 | $10.6B | $650.7M | ||
| Q2 24 | $10.8B | $599.5M | ||
| Q1 24 | $7.6B | $462.8M |
总债务JEFRBA
| Q4 25 | $15.9B | $2.3B | ||
| Q3 25 | $16.0B | $2.6B | ||
| Q2 25 | $15.4B | $2.6B | ||
| Q1 25 | $14.8B | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $12.9B | $2.7B | ||
| Q2 24 | $12.7B | $2.8B | ||
| Q1 24 | $9.9B | $2.9B |
股东权益JEFRBA
| Q4 25 | $10.6B | $5.6B | ||
| Q3 25 | $10.4B | $5.5B | ||
| Q2 25 | $10.3B | $5.5B | ||
| Q1 25 | $10.2B | $5.3B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | $10.0B | $5.2B | ||
| Q2 24 | $9.9B | $5.2B | ||
| Q1 24 | $9.8B | $5.1B |
总资产JEFRBA
| Q4 25 | $76.0B | $12.1B | ||
| Q3 25 | $69.3B | $12.2B | ||
| Q2 25 | $67.3B | $12.2B | ||
| Q1 25 | $70.2B | $11.9B | ||
| Q4 24 | — | $11.8B | ||
| Q3 24 | $63.3B | $11.9B | ||
| Q2 24 | $63.0B | $12.1B | ||
| Q1 24 | $60.9B | $12.0B |
负债/权益比JEFRBA
| Q4 25 | 1.50× | 0.42× | ||
| Q3 25 | 1.53× | 0.47× | ||
| Q2 25 | 1.49× | 0.47× | ||
| Q1 25 | 1.45× | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | 1.29× | 0.52× | ||
| Q2 24 | 1.28× | 0.55× | ||
| 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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $1.9B | $186.5M |
| 自由现金流率自由现金流/营收 | 114.2% | 15.5% |
| 资本支出强度资本支出/营收 | 3.4% | 5.7% |
| 现金转化率经营现金流/净利润 | 9.30× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $-1.7B | $719.2M |
8季度趋势，按日历期对齐
经营现金流JEFRBA
| Q4 25 | $2.0B | $255.2M | ||
| Q3 25 | $184.2M | $239.7M | ||
| Q2 25 | $-978.3M | $326.5M | ||
| Q1 25 | $-2.7B | $156.8M | ||
| Q4 24 | — | $184.5M | ||
| Q3 24 | — | $285.4M | ||
| Q2 24 | — | $337.3M | ||
| Q1 24 | $-1.3B | $124.8M |
自由现金流JEFRBA
| Q4 25 | $1.9B | $186.5M | ||
| Q3 25 | $126.0M | $188.5M | ||
| Q2 25 | $-1.0B | $241.7M | ||
| Q1 25 | $-2.7B | $102.5M | ||
| Q4 24 | — | $127.9M | ||
| Q3 24 | — | $248.5M | ||
| Q2 24 | — | $308.6M | ||
| Q1 24 | $-1.4B | $79.6M |
自由现金流率JEFRBA
| Q4 25 | 114.2% | 15.5% | ||
| Q3 25 | 8.4% | 17.3% | ||
| Q2 25 | -83.3% | 20.4% | ||
| Q1 25 | -237.2% | 9.2% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 25.3% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | -139.4% | 7.5% |
资本支出强度JEFRBA
| Q4 25 | 3.4% | 5.7% | ||
| Q3 25 | 3.9% | 4.7% | ||
| Q2 25 | 3.6% | 7.2% | ||
| Q1 25 | 4.3% | 4.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | 9.9% | 4.2% |
现金转化率JEFRBA
| Q4 25 | 9.30× | 2.33× | ||
| Q3 25 | 0.76× | 2.51× | ||
| Q2 25 | -10.70× | 2.97× | ||
| Q1 25 | -19.48× | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | -8.04× | 1.16× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
