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Jefferies Financial Group Inc.（JEF）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是Jefferies Financial Group Inc.的1.1倍（$1.8B vs $1.7B），西蒙地产集团净利率更高（197.6% vs 12.6%，领先185.0%），Jefferies Financial Group Inc.自由现金流更多（$1.9B vs $948.8M）
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。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
JEF vs SPG — 直观对比
营收规模更大
SPG
是对方的1.1倍
$1.7B
净利率更高
SPG
高出185.0%
12.6%
自由现金流更多
JEF
多$959.3M
$948.8M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.8B |
| 净利润 | $211.3M | $3.5B |
| 毛利率 | 95.7% | — |
| 营业利润率 | 15.2% | 49.7% |
| 净利率 | 12.6% | 197.6% |
| 营收同比 | — | 13.2% |
| 净利润同比 | — | 358.7% |
| 每股收益（稀释后） | $0.85 | $9.34 |
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JEFSPG
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $971.2M | $1.4B |
净利润JEFSPG
| Q4 25 | $211.3M | $3.5B | ||
| Q3 25 | $242.5M | $702.7M | ||
| Q2 25 | $91.4M | $643.7M | ||
| Q1 25 | $136.8M | $477.9M | ||
| Q4 24 | — | $771.8M | ||
| Q3 24 | $181.0M | $546.7M | ||
| Q2 24 | $154.7M | $569.4M | ||
| Q1 24 | $156.4M | $841.2M |
毛利率JEFSPG
| 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JEFSPG
| Q4 25 | 15.2% | 49.7% | ||
| Q3 25 | 22.1% | 50.8% | ||
| Q2 25 | 11.0% | 49.7% | ||
| Q1 25 | 13.2% | 49.4% | ||
| Q4 24 | — | 52.8% | ||
| Q3 24 | 20.7% | 51.9% | ||
| Q2 24 | 22.0% | 51.7% | ||
| Q1 24 | 22.7% | 51.0% |
净利率JEFSPG
| Q4 25 | 12.6% | 197.6% | ||
| Q3 25 | 16.1% | 43.9% | ||
| Q2 25 | 7.4% | 43.0% | ||
| Q1 25 | 12.0% | 32.4% | ||
| Q4 24 | — | 48.8% | ||
| Q3 24 | 14.8% | 36.9% | ||
| Q2 24 | 14.9% | 39.0% | ||
| Q1 24 | 16.1% | 58.3% |
每股收益（稀释后）JEFSPG
| Q4 25 | $0.85 | $9.34 | ||
| Q3 25 | $1.01 | $1.86 | ||
| Q2 25 | $0.40 | $1.70 | ||
| Q1 25 | $0.57 | $1.27 | ||
| Q4 24 | — | $2.04 | ||
| Q3 24 | $0.75 | $1.46 | ||
| Q2 24 | $0.64 | $1.51 | ||
| Q1 24 | $0.66 | $2.25 |
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 | $823.1M |
| 总债务越低越好 | $15.9B | $28.4B |
| 股东权益账面价值 | $10.6B | $5.2B |
| 总资产 | $76.0B | $40.6B |
| 负债/权益比越低杠杆越低 | 1.50× | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资JEFSPG
| Q4 25 | $14.0B | $823.1M | ||
| Q3 25 | $11.5B | $1.6B | ||
| Q2 25 | $11.3B | $1.2B | ||
| Q1 25 | $11.2B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $10.6B | $2.5B | ||
| Q2 24 | $10.8B | $2.5B | ||
| Q1 24 | $7.6B | $2.6B |
总债务JEFSPG
| Q4 25 | $15.9B | $28.4B | ||
| Q3 25 | $16.0B | $25.8B | ||
| Q2 25 | $15.4B | $25.4B | ||
| Q1 25 | $14.8B | $24.8B | ||
| Q4 24 | — | $24.3B | ||
| Q3 24 | $12.9B | $25.4B | ||
| Q2 24 | $12.7B | $25.3B | ||
| Q1 24 | $9.9B | $25.5B |
股东权益JEFSPG
| Q4 25 | $10.6B | $5.2B | ||
| Q3 25 | $10.4B | $2.3B | ||
| Q2 25 | $10.3B | $2.5B | ||
| Q1 25 | $10.2B | $2.6B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $10.0B | $2.7B | ||
| Q2 24 | $9.9B | $2.9B | ||
| Q1 24 | $9.8B | $3.1B |
总资产JEFSPG
| Q4 25 | $76.0B | $40.6B | ||
| Q3 25 | $69.3B | $33.6B | ||
| Q2 25 | $67.3B | $33.3B | ||
| Q1 25 | $70.2B | $32.5B | ||
| Q4 24 | — | $32.4B | ||
| Q3 24 | $63.3B | $33.3B | ||
| Q2 24 | $63.0B | $33.4B | ||
| Q1 24 | $60.9B | $33.7B |
负债/权益比JEFSPG
| Q4 25 | 1.50× | 5.46× | ||
| Q3 25 | 1.53× | 10.98× | ||
| Q2 25 | 1.49× | 10.36× | ||
| Q1 25 | 1.45× | 9.50× | ||
| Q4 24 | — | 8.25× | ||
| Q3 24 | 1.29× | 9.37× | ||
| Q2 24 | 1.28× | 8.59× | ||
| Q1 24 | 1.01× | 8.22× |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $1.9B | $948.8M |
| 自由现金流率自由现金流/营收 | 114.2% | 53.0% |
| 资本支出强度资本支出/营收 | 3.4% | 14.2% |
| 现金转化率经营现金流/净利润 | 9.30× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $-1.7B | $3.2B |
8季度趋势，按日历期对齐
经营现金流JEFSPG
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $184.2M | $890.3M | ||
| Q2 25 | $-978.3M | $1.2B | ||
| Q1 25 | $-2.7B | $827.2M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $892.9M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $-1.3B | $773.1M |
自由现金流JEFSPG
| Q4 25 | $1.9B | $948.8M | ||
| Q3 25 | $126.0M | $685.0M | ||
| Q2 25 | $-1.0B | $971.3M | ||
| Q1 25 | $-2.7B | $597.0M | ||
| Q4 24 | — | $867.7M | ||
| Q3 24 | — | $706.5M | ||
| Q2 24 | — | $874.8M | ||
| Q1 24 | $-1.4B | $610.1M |
自由现金流率JEFSPG
| Q4 25 | 114.2% | 53.0% | ||
| Q3 25 | 8.4% | 42.8% | ||
| Q2 25 | -83.3% | 64.8% | ||
| Q1 25 | -237.2% | 40.5% | ||
| Q4 24 | — | 54.8% | ||
| Q3 24 | — | 47.7% | ||
| Q2 24 | — | 60.0% | ||
| Q1 24 | -139.4% | 42.3% |
资本支出强度JEFSPG
| Q4 25 | 3.4% | 14.2% | ||
| Q3 25 | 3.9% | 12.8% | ||
| Q2 25 | 3.6% | 16.3% | ||
| Q1 25 | 4.3% | 15.6% | ||
| Q4 24 | — | 13.8% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | 9.9% | 11.3% |
现金转化率JEFSPG
| Q4 25 | 9.30× | 0.34× | ||
| Q3 25 | 0.76× | 1.27× | ||
| Q2 25 | -10.70× | 1.89× | ||
| Q1 25 | -19.48× | 1.73× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | -8.04× | 0.92× |
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% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
