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Jefferies Financial Group Inc.（JEF）与J.M. Smucker Company (The)（SJM）财务数据对比。点击上方公司名可切换其他公司
J.M. Smucker Company (The)的季度营收约是Jefferies Financial Group Inc.的1.4倍（$2.3B vs $1.7B），Jefferies Financial Group Inc.净利率更高（12.6% vs 10.4%，领先2.3%），Jefferies Financial Group Inc.自由现金流更多（$1.9B vs $280.2M）
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。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
JEF vs SJM — 直观对比
营收规模更大
SJM
是对方的1.4倍
$1.7B
净利率更高
JEF
高出2.3%
10.4%
自由现金流更多
JEF
多$1.6B
$280.2M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.3B |
| 净利润 | $211.3M | $241.3M |
| 毛利率 | 95.7% | 37.3% |
| 营业利润率 | 15.2% | 18.0% |
| 净利率 | 12.6% | 10.4% |
| 营收同比 | — | 2.6% |
| 净利润同比 | — | 1084.9% |
| 每股收益（稀释后） | $0.85 | $2.26 |
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JEFSJM
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.1B | $2.2B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.0B | $2.2B | ||
| Q1 24 | $971.2M | $2.2B |
净利润JEFSJM
| Q4 25 | $211.3M | $241.3M | ||
| Q3 25 | $242.5M | $-43.9M | ||
| Q2 25 | $91.4M | $-729.0M | ||
| Q1 25 | $136.8M | $-662.3M | ||
| Q4 24 | — | $-24.5M | ||
| Q3 24 | $181.0M | $185.0M | ||
| Q2 24 | $154.7M | $245.1M | ||
| Q1 24 | $156.4M | $120.4M |
毛利率JEFSJM
| Q4 25 | 95.7% | 37.3% | ||
| Q3 25 | 97.7% | 22.5% | ||
| Q2 25 | 96.5% | 38.4% | ||
| Q1 25 | 96.4% | 40.2% | ||
| Q4 24 | — | 39.0% | ||
| Q3 24 | 96.9% | 37.5% | ||
| Q2 24 | 96.4% | 41.4% | ||
| Q1 24 | 96.4% | 36.9% |
营业利润率JEFSJM
| Q4 25 | 15.2% | 18.0% | ||
| Q3 25 | 22.1% | 2.2% | ||
| Q2 25 | 11.0% | -27.9% | ||
| Q1 25 | 13.2% | -27.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | 20.7% | 16.4% | ||
| Q2 24 | 22.0% | 18.4% | ||
| Q1 24 | 22.7% | 13.3% |
净利率JEFSJM
| Q4 25 | 12.6% | 10.4% | ||
| Q3 25 | 16.1% | -2.1% | ||
| Q2 25 | 7.4% | -34.0% | ||
| Q1 25 | 12.0% | -30.3% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | 14.8% | 8.7% | ||
| Q2 24 | 14.9% | 11.1% | ||
| Q1 24 | 16.1% | 5.4% |
每股收益（稀释后）JEFSJM
| Q4 25 | $0.85 | $2.26 | ||
| Q3 25 | $1.01 | $-0.41 | ||
| Q2 25 | $0.40 | $-6.86 | ||
| Q1 25 | $0.57 | $-6.22 | ||
| Q4 24 | — | $-0.23 | ||
| Q3 24 | $0.75 | $1.74 | ||
| Q2 24 | $0.64 | $2.31 | ||
| Q1 24 | $0.66 | $1.13 |
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 | — |
| 总债务越低越好 | $15.9B | $7.0B |
| 股东权益账面价值 | $10.6B | $6.1B |
| 总资产 | $76.0B | $17.6B |
| 负债/权益比越低杠杆越低 | 1.50× | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资JEFSJM
| Q4 25 | $14.0B | — | ||
| Q3 25 | $11.5B | — | ||
| Q2 25 | $11.3B | — | ||
| Q1 25 | $11.2B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $10.6B | — | ||
| Q2 24 | $10.8B | — | ||
| Q1 24 | $7.6B | — |
总债务JEFSJM
| Q4 25 | $15.9B | $7.0B | ||
| Q3 25 | $16.0B | $7.0B | ||
| Q2 25 | $15.4B | $7.0B | ||
| Q1 25 | $14.8B | $7.4B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | $12.9B | $7.8B | ||
| Q2 24 | $12.7B | $7.8B | ||
| Q1 24 | $9.9B | $8.1B |
股东权益JEFSJM
| Q4 25 | $10.6B | $6.1B | ||
| Q3 25 | $10.4B | $5.9B | ||
| Q2 25 | $10.3B | $6.1B | ||
| Q1 25 | $10.2B | $6.9B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | $10.0B | $7.8B | ||
| Q2 24 | $9.9B | $7.7B | ||
| Q1 24 | $9.8B | $7.6B |
总资产JEFSJM
| Q4 25 | $76.0B | $17.6B | ||
| Q3 25 | $69.3B | $17.7B | ||
| Q2 25 | $67.3B | $17.6B | ||
| Q1 25 | $70.2B | $18.4B | ||
| Q4 24 | — | $20.0B | ||
| Q3 24 | $63.3B | $20.3B | ||
| Q2 24 | $63.0B | $20.3B | ||
| Q1 24 | $60.9B | $20.2B |
负债/权益比JEFSJM
| Q4 25 | 1.50× | 1.16× | ||
| Q3 25 | 1.53× | 1.19× | ||
| Q2 25 | 1.49× | 1.16× | ||
| Q1 25 | 1.45× | 1.07× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | 1.29× | 1.00× | ||
| Q2 24 | 1.28× | 1.01× | ||
| Q1 24 | 1.01× | 1.07× |
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 | $346.5M |
| 自由现金流经营现金流 - 资本支出 | $1.9B | $280.2M |
| 自由现金流率自由现金流/营收 | 114.2% | 12.0% |
| 资本支出强度资本支出/营收 | 3.4% | 2.8% |
| 现金转化率经营现金流/净利润 | 9.30× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $-1.7B | $635.5M |
8季度趋势，按日历期对齐
经营现金流JEFSJM
| Q4 25 | $2.0B | $346.5M | ||
| Q3 25 | $184.2M | $-10.6M | ||
| Q2 25 | $-978.3M | $393.9M | ||
| Q1 25 | $-2.7B | $239.4M | ||
| Q4 24 | — | $404.2M | ||
| Q3 24 | — | $172.9M | ||
| Q2 24 | — | $428.1M | ||
| Q1 24 | $-1.3B | $406.5M |
自由现金流JEFSJM
| Q4 25 | $1.9B | $280.2M | ||
| Q3 25 | $126.0M | $-94.9M | ||
| Q2 25 | $-1.0B | $298.9M | ||
| Q1 25 | $-2.7B | $151.3M | ||
| Q4 24 | — | $317.2M | ||
| Q3 24 | — | $49.2M | ||
| Q2 24 | — | $297.5M | ||
| Q1 24 | $-1.4B | $249.6M |
自由现金流率JEFSJM
| Q4 25 | 114.2% | 12.0% | ||
| Q3 25 | 8.4% | -4.5% | ||
| Q2 25 | -83.3% | 13.9% | ||
| Q1 25 | -237.2% | 6.9% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 13.5% | ||
| Q1 24 | -139.4% | 11.2% |
资本支出强度JEFSJM
| Q4 25 | 3.4% | 2.8% | ||
| Q3 25 | 3.9% | 4.0% | ||
| Q2 25 | 3.6% | 4.4% | ||
| Q1 25 | 4.3% | 4.0% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | 9.9% | 7.0% |
现金转化率JEFSJM
| Q4 25 | 9.30× | 1.44× | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | -10.70× | — | ||
| Q1 25 | -19.48× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | -8.04× | 3.38× |
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% |
SJM
| U.S.Retail Frozen Handheld And Spreads | $461.1M | 20% |
| U.S.Retail Pet Foods | $413.2M | 18% |
| Handheld Frozen Sandwiches | $262.9M | 11% |
| Sweet Baked Snacks | $256.1M | 11% |
| Pet Snacks | $232.0M | 10% |
| Cat Food | $197.2M | 8% |
| Peanut Butter | $187.1M | 8% |
| CA | $94.5M | 4% |
| Fruit Spreads | $92.2M | 4% |
| Other | $50.5M | 2% |
| Portion Control | $50.1M | 2% |
| All Other International | $33.2M | 1% |
