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Jefferies Financial Group Inc. key statistics and ratios

In fiscal 2025, Jefferies Financial Group Inc. had return on equity of 6.1%, a net margin of 5.8% and debt equal to 167.0% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20082010Dec 20092011Dec 20102012Dec 20112013Dec 20122014Dec 20132015Dec 20142016Dec 20152017Nov 20172018Nov 20182019Nov 20192020Nov 20202021Nov 20212022Nov 20222023Nov 20232024Nov 20242025Nov 2025LTMAug 2026
Gross margin—————————93.9%94.0%95.1%94.7%93.8%99.6%98.0%98.2%98.7%
Operating margin−75.0%−43.6%————————————————
Net margin−516.9%95.7%161.1%3.9%9.1%3.4%1.7%2.4%15.1%20.4%17.9%11.2%18.6%10.8%3.5%6.4%5.8%7.3%
Free-cash-flow margin−13.7%−27.3%32.2%−92.6%6.1%5.1%−8.0%————27.3%15.8%22.1%−26.0%−3.7%−15.7%34.5%
Return on equity—————————10.2%9.8%8.1%16.7%7.4%2.6%6.7%6.1%8.3%
Return on assets−48.8%————————2.2%2.0%1.5%3.1%1.4%0.5%1.1%0.9%1.1%
Asset turnover0.09————————0.110.110.130.160.130.140.170.150.15
Current ratio1.54———1.97—————————————
Debt to equity—————————79.6%92.8%96.9%88.6%90.9%110.1%137.6%167.0%186.0%
Interest cover (operating income ÷ interest)n/mn/m————————————————
Effective tax rate———65.5%37.4%25.0%43.5%30.8%31.6%6.4%—28.0%25.6%25.9%25.9%29.2%21.2%19.3%
R&D as % of revenue2.9%0.6%0.5%3.4%0.2%—————————————
Capital spending as % of revenue15.5%4.1%3.7%6.0%0.8%1.2%0.0%————2.6%1.9%3.1%0.0%2.4%1.9%1.8%
Free cash flow ÷ net income—−28.5%20.0%<−999%67.2%153.1%−484.2%————244.1%85.0%204.2%−741.5%−58.4%−269.9%472.7%
Dividends ÷ net income—0.0%3.1%242.3%7.2%24.7%45.6%33.1%—14.8%15.6%20.9%13.4%36.2%106.8%45.3%59.3%41.6%
Dividends and buybacks ÷ free cash flow——15.8%—10.7%23.2%—————52.1%34.7%72.1%———19.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

66 /100

Moderate moat

How hard Jefferies Financial Group's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 13 / 20

    Net income has been a median 1.1% of total assets over 7 years.

  • Durability 10 / 20

    Net margin has been a median 7.3%; its worst year was 4.7%.

  • Discipline 20 / 20

    The diluted share count fell 20.5% over five years; stock-based pay has been a median 2.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (72 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Jefferies Financial Group Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Jefferies Financial Group Inc.