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Stifel Financial SF Tax Credit Carryforward Valuation Allowance

Tax Credit Carryforward Valuation Allowance at other companies

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Jefferies Financial GroupJEF
$261.8M+9.0%
Raymond James Financial logo
Raymond James FinancialRJF
$9M0.0%
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Morgan StanleyMS
$229M+7.0%
LPL Financial Holdings logo
LPL Financial HoldingsLPLA
$24.13M+3.9%
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EvercoreEVR
$5.28M0.0%
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
$314M+93.8%

Other financials

Income statement

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Revenue$1.5B+17.7%
Net income$251.4M+374%
EPS (diluted)$1.48+469%

Balance sheet

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Cash & equivalents$2.9B+6.4%
Total debt$1.5B+0.4%
Total equity$6.0B+8.1%
Total assets$42.9B+6.2%

Cash flow

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Operating cash flow-$342.6M-62.2%
CapEx$47.8M+189%
Free cash flow-$390.4M-71.4%

Valuation

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Market cap$11.28B+17.0%
Enterprise value$9.85B+17.5%
P/E12.8×-2.7×
P/S+0.1×

Profitability

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Net margin15.3%+3.1pp
FCF margin15.5%-0.5pp

Returns & leverage

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Return on equity15.3%+3.8pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Stifel Financial in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxAssetsValuationAllowance.

The official record: Stifel Financial’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Stifel Financial's tax credit carryforward valuation allowance?
Stifel Financial (SF) reported tax credit carryforward valuation allowance of $59.98M in Q4 2025.
How has Stifel Financial's tax credit carryforward valuation allowance changed year-over-year?
Stifel Financial's tax credit carryforward valuation allowance increased by 4.8% year-over-year, from $57.25M to $59.98M.
What is the long-term trend for Stifel Financial's tax credit carryforward valuation allowance?
Over 5 years (2020 to 2025), Stifel Financial's tax credit carryforward valuation allowance has grown at a 38.6% compound annual growth rate (CAGR), from $11.74M to $59.98M.
What does tax credit carryforward valuation allowance mean?
A reduction in the value of tax credits because the company is uncertain it will earn enough profit to use them.
How do you interpret tax credit carryforward valuation allowance?
An increase in the allowance is a negative signal regarding future profitability expectations, while a decrease is positive.
How does tax credit carryforward valuation allowance compare across companies?
Common for firms with historical volatility; peers with consistent profitability typically have lower valuation allowances.