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Jefferies Financial Group JEF Asset Management — Cost of Sales

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Other financials

Income statement

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Revenue$2.0B+26.6%
Gross profit$2.0B+28.1%
Net income$159.3M+16.4%
EPS (diluted)$0.70+22.8%

Balance sheet

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Cash & equivalents$13.7B+10.1%
Total debt$19.1B+20.0%
Total equity$10.6B+4.0%
Total assets$74.4B+5.9%

Cash flow

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Operating cash flow-$1.7B+34.8%
CapEx$64.9M+30.8%
Free cash flow-$1.8B+33.6%

Valuation

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Market cap$12.7B-32.8%
Enterprise value$18.13B-14.8%
P/E18×-9.1×
P/S1.6×-1.1×

Profitability

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Gross margin97.7%+0.8pp
Net margin9.1%-1.0pp
FCF margin17.6%+15.6pp

Returns & leverage

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Return on equity6.8%-0.2pp
Debt / equity1.8×+0.2×

Where this comes from

Reported directly by Jefferies Financial Group in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Jefferies Financial Group’s 10-Q, filed April 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Jefferies Financial Group's asset management — cost of sales?
Jefferies Financial Group (JEF) reported asset management — cost of sales of $29.9M in Q4 2025.
How has Jefferies Financial Group's asset management — cost of sales changed year-over-year?
Jefferies Financial Group's asset management — cost of sales decreased by 28.1% year-over-year, from $41.6M to $29.9M.
What does asset management — cost of sales mean?
The direct costs incurred to generate revenue in the asset management segment.
How do you interpret asset management — cost of sales?
Lower cost of sales relative to revenue indicates higher operational efficiency and better product margins.
How does asset management — cost of sales compare across companies?
Highly comparable across asset managers, though dependent on the mix of active versus passive product offerings.