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Jefferies Financial Group Inc.（JEF）与Virtu Financial, Inc.（VIRT）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Virtu Financial, Inc.的10.6倍（$1.7B vs $157.4M）。Virtu Financial, Inc.净利率更高（88.9% vs 12.6%，领先76.2%）。Jefferies Financial Group Inc.自由现金流更多（$1.9B vs $505.5M）
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。
Virtu Financial, Inc.是一家总部位于美国的高频交易企业，专注于金融市场的自动化交易业务，拥有行业领先的交易技术研发与落地能力，于2015年在纳斯达克证券交易所正式挂牌上市。
JEF vs VIRT — 直观对比
营收规模更大
JEF
是对方的10.6倍
$157.4M
净利率更高
VIRT
高出76.2%
12.6%
自由现金流更多
JEF
多$1.4B
$505.5M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $157.4M |
| 净利润 | $211.3M | $139.9M |
| 毛利率 | 95.7% | — |
| 营业利润率 | 15.2% | — |
| 净利率 | 12.6% | 88.9% |
| 营收同比 | — | 12.1% |
| 净利润同比 | — | 48.7% |
| 每股收益（稀释后） | $0.85 | $1.54 |
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JEFVIRT
| Q4 25 | $1.7B | $157.4M | ||
| Q3 25 | $1.5B | $154.5M | ||
| Q2 25 | $1.2B | $153.9M | ||
| Q1 25 | $1.1B | $151.3M | ||
| Q4 24 | — | $140.4M | ||
| Q3 24 | $1.2B | $131.6M | ||
| Q2 24 | $1.0B | $126.1M | ||
| Q1 24 | $971.2M | $118.6M |
净利润JEFVIRT
| Q4 25 | $211.3M | $139.9M | ||
| Q3 25 | $242.5M | $77.6M | ||
| Q2 25 | $91.4M | $151.2M | ||
| Q1 25 | $136.8M | $99.7M | ||
| Q4 24 | — | $94.1M | ||
| Q3 24 | $181.0M | $60.0M | ||
| Q2 24 | $154.7M | $66.6M | ||
| Q1 24 | $156.4M | $55.8M |
毛利率JEFVIRT
| 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JEFVIRT
| 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% | — | ||
| Q1 24 | 22.7% | — |
净利率JEFVIRT
| Q4 25 | 12.6% | 88.9% | ||
| Q3 25 | 16.1% | 50.3% | ||
| Q2 25 | 7.4% | 98.3% | ||
| Q1 25 | 12.0% | 65.9% | ||
| Q4 24 | — | 67.0% | ||
| Q3 24 | 14.8% | 45.5% | ||
| Q2 24 | 14.9% | 52.8% | ||
| Q1 24 | 16.1% | 47.1% |
每股收益（稀释后）JEFVIRT
| Q4 25 | $0.85 | $1.54 | ||
| Q3 25 | $1.01 | $0.86 | ||
| Q2 25 | $0.40 | $1.65 | ||
| Q1 25 | $0.57 | $1.08 | ||
| Q4 24 | — | $1.03 | ||
| Q3 24 | $0.75 | $0.64 | ||
| Q2 24 | $0.64 | $0.71 | ||
| Q1 24 | $0.66 | $0.59 |
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 | $1.1B |
| 总债务越低越好 | $15.9B | $2.0B |
| 股东权益账面价值 | $10.6B | $1.6B |
| 总资产 | $76.0B | $20.2B |
| 负债/权益比越低杠杆越低 | 1.50× | 1.29× |
8季度趋势，按日历期对齐
现金及短期投资JEFVIRT
| Q4 25 | $14.0B | $1.1B | ||
| Q3 25 | $11.5B | $707.9M | ||
| Q2 25 | $11.3B | $752.1M | ||
| Q1 25 | $11.2B | $723.6M | ||
| Q4 24 | — | $872.5M | ||
| Q3 24 | $10.6B | $701.4M | ||
| Q2 24 | $10.8B | $684.8M | ||
| Q1 24 | $7.6B | $399.6M |
总债务JEFVIRT
| Q4 25 | $15.9B | $2.0B | ||
| Q3 25 | $16.0B | $2.0B | ||
| Q2 25 | $15.4B | $1.7B | ||
| Q1 25 | $14.8B | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $12.9B | $1.7B | ||
| Q2 24 | $12.7B | $1.7B | ||
| Q1 24 | $9.9B | $1.7B |
股东权益JEFVIRT
| Q4 25 | $10.6B | $1.6B | ||
| Q3 25 | $10.4B | $1.5B | ||
| Q2 25 | $10.3B | $1.4B | ||
| Q1 25 | $10.2B | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $10.0B | $1.2B | ||
| Q2 24 | $9.9B | $1.2B | ||
| Q1 24 | $9.8B | $1.2B |
总资产JEFVIRT
| Q4 25 | $76.0B | $20.2B | ||
| Q3 25 | $69.3B | $21.3B | ||
| Q2 25 | $67.3B | $19.3B | ||
| Q1 25 | $70.2B | $17.5B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | $63.3B | $14.4B | ||
| Q2 24 | $63.0B | $13.9B | ||
| Q1 24 | $60.9B | $12.8B |
负债/权益比JEFVIRT
| Q4 25 | 1.50× | 1.29× | ||
| Q3 25 | 1.53× | 1.40× | ||
| Q2 25 | 1.49× | 1.24× | ||
| Q1 25 | 1.45× | 1.33× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | 1.29× | 1.41× | ||
| Q2 24 | 1.28× | 1.41× | ||
| Q1 24 | 1.01× | 1.42× |
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 | $509.4M |
| 自由现金流经营现金流 - 资本支出 | $1.9B | $505.5M |
| 自由现金流率自由现金流/营收 | 114.2% | 321.2% |
| 资本支出强度资本支出/营收 | 3.4% | 2.5% |
| 现金转化率经营现金流/净利润 | 9.30× | 3.64× |
| 过去12个月自由现金流最近4个季度 | $-1.7B | $495.6M |
8季度趋势，按日历期对齐
经营现金流JEFVIRT
| Q4 25 | $2.0B | $509.4M | ||
| Q3 25 | $184.2M | $-68.7M | ||
| Q2 25 | $-978.3M | $62.8M | ||
| Q1 25 | $-2.7B | $15.0M | ||
| Q4 24 | — | $391.5M | ||
| Q3 24 | — | $112.1M | ||
| Q2 24 | — | $490.8M | ||
| Q1 24 | $-1.3B | $-395.4M |
自由现金流JEFVIRT
| Q4 25 | $1.9B | $505.5M | ||
| Q3 25 | $126.0M | $-76.7M | ||
| Q2 25 | $-1.0B | $57.6M | ||
| Q1 25 | $-2.7B | $9.2M | ||
| Q4 24 | — | $391.3M | ||
| Q3 24 | — | $106.2M | ||
| Q2 24 | — | $486.9M | ||
| Q1 24 | $-1.4B | $-398.2M |
自由现金流率JEFVIRT
| Q4 25 | 114.2% | 321.2% | ||
| Q3 25 | 8.4% | -49.7% | ||
| Q2 25 | -83.3% | 37.4% | ||
| Q1 25 | -237.2% | 6.1% | ||
| Q4 24 | — | 278.6% | ||
| Q3 24 | — | 80.7% | ||
| Q2 24 | — | 386.1% | ||
| Q1 24 | -139.4% | -335.7% |
资本支出强度JEFVIRT
| Q4 25 | 3.4% | 2.5% | ||
| Q3 25 | 3.9% | 5.2% | ||
| Q2 25 | 3.6% | 3.4% | ||
| Q1 25 | 4.3% | 3.8% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | 9.9% | 2.4% |
现金转化率JEFVIRT
| Q4 25 | 9.30× | 3.64× | ||
| Q3 25 | 0.76× | -0.89× | ||
| Q2 25 | -10.70× | 0.42× | ||
| Q1 25 | -19.48× | 0.15× | ||
| Q4 24 | — | 4.16× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 7.37× | ||
| Q1 24 | -8.04× | -7.08× |
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% |
VIRT
| IE | $106.7M | 68% |
| Workflow Technology | $23.5M | 15% |
| Transferred Over Time | $18.5M | 12% |
| Market Making Segment | $9.4M | 6% |
