Jefferies Financial (JEF)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from JEF's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Jefferies Financial's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $8.9B | $7.1B | $7.4B | $10.5B | $10.8B |
| Net income | $1.7B | $782M | $262M | $716M | $682M |
| Free cash flow | $1.4B | $1.6B | -$1.9B | -$391M | -$1.7B |
| EPS (diluted) | $6.13 | $3.06 | $1.10 | $2.99 | $2.83 |
| Operating margin | 34.8% | — | — | — | — |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own JEF
From each investor's latest 13F filing (what a 13F shows). 7 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $421M | 0.15% | Q2 2026 |
| Steven Romick First Pacific Advisors |
Added | $135M | 1.7% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Added | $107M | 0.16% | Q2 2026 |
| Warren Buffett Berkshire Hathaway |
Held | $22M | 0.01% | Q2 2026 |
| Robert Robotti Robotti & Company |
Added | $16M | 2.6% | Q2 2026 |
| Francis Chou Chou Associates Management |
Held | $7M | 3.4% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $1M | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Jefferies Financial's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Jefferies Financial insiders buying the stock?
No open-market insider purchases of JEF in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Jefferies Financial?
7 of the superinvestors Investingly tracks hold JEF in their latest 13F, including Cliff Asness, Steven Romick, Ron Baron.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.