Stifel Financial Corp. (SF) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.36	$1.42	+4.4%	—	$1.4B	—
Q1 26	$1.38	$1.45	+5.1%	—	$1.5B	—
Q4 25	$1.67	$1.75	+4.8%	—	$1.5B	—
Q3 25	$1.23	$1.3	+5.7%	—	$1.4B	—
Q2 25	$1.08	$1.14	+5.6%	—	$1.3B	—
Q1 25	$1.09	$0.33	-69.7%	—	$1.2B	—
Q4 24	$1.32	$1.49	+12.9%	—	$1.3B	—
Q3 24	$1.07	$1	-6.5%	—	$1.2B	—
Q2 24	$1.03	$1.07	+3.9%	—	$1.2B	—
Q1 24	$0.96	$0.99	+3.1%	—	$1.1B	—
Q4 23	$0.87	$1	+14.9%	—	$1.1B	—
Q3 23	$0.86	$0.4	-53.5%	—	$1B	—
Q2 23	$0.89	$0.8	-10.1%	—	$1B	—
Q1 23	$0.97	$0.93	-4.1%	—	$1.1B	—
Q4 22	$1.09	$1.05	-3.7%	—	$1.1B	—
Q3 22	$0.97	$0.86	-11.3%	—	$1B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.17	—	—	$5.5B	—
FY24	—	$6.67	—	—	$4.9B	—
FY23	—	$4.55	—	—	$4.3B	—
FY22	—	$5.74	—	—	$4.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.5B	$2.9B	$3B	$3.3B	$3.7B	$4.7B	$4.3B	$4.3B	$4.9B	$5.5B
YoY change	+10.6%	+13.9%	+3.49%	+10.4%	+12.2%	+26.5%	-7.35%	-0.99%	+14.4%	+11.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.5B	2.9B	3B	3.3B	3.7B	4.7B	4.3B	4.3B	4.9B	5.5B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.7B	2B	1.8B	2B	2.3B	2.8B	2.6B	2.6B	2.9B	3.3B
Operating expenses	1.7B	2B	1.8B	2B	2.3B	2.8B	2.6B	2.6B	2.9B	3.3B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	142.6M	269.5M	534.4M	599.1M	651.2M	1.1B	885.1M	706.7M	928.4M	871.1M
Income tax	61.1M	86.7M	140.4M	149.2M	147.7M	242.2M	223M	184.2M	197.1M	187.4M
Net income	81.5M	182.9M	394M	450M	503.5M	824.9M	662.2M	522.5M	731.4M	683.8M
Net margin	3.22%	6.34%	13.2%	13.7%	13.6%	17.6%	15.3%	12.2%	14.9%	12.5%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	0.77	1.69	3.57	3.99	4.49	7.34	5.74	4.55	6.67	4.17
Diluted EPS	0.67	1.43	3.15	3.66	4.16	6.66	5.32	4.28	6.25	3.91

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1B	1.1B	1.1B	1.2B	1.2B	1.3B	1.2B	1.3B	1.4B	1.5B	1.5B	1.4B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	613.3M	674.4M	679.7M	722.7M	718.1M	795.8M	732.2M	774.9M	839.8M	925.2M	848.3M	833M
Operating expenses	613.3M	674.4M	679.7M	722.7M	718.1M	795.8M	732.2M	774.9M	839.8M	925.2M	848.3M	833M
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	109.4M	206M	218.7M	226.9M	216.7M	266.2M	63.4M	213.8M	286M	307.9M	326.1M	299.4M
Income tax	41.3M	43.5M	55.1M	61.6M	58.2M	22.2M	10.4M	58.8M	74.7M	43.5M	74.7M	73M
Net income	68.2M	162.5M	163.6M	165.3M	158.5M	244M	53M	155.1M	211.4M	264.4M	251.4M	226.5M
Net margin	6.61%	14.4%	14.3%	13.7%	13.1%	18.1%	4.28%	12.2%	15%	17.1%	17.2%	15.8%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	0.55	1.47	1.48	1.5	1.43	2.26	0.28	0.94	1.31	1.65	1.56	1.41
Diluted EPS	0.52	1.38	1.4	1.41	1.34	2.09	0.26	0.89	1.23	1.54	1.48	1.34

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.2B	2.7B	2B	2.9B	3.6B	5B	4.2B	4.9B	7.4B	—	10.6B
Enterprise value	-127M	336M	-1.2B	-159.2M	234.5M	2.1B	1.6B	1.2B	5.9B	—	9.2B
Shares outstanding	100.3M	102.8M	107.7M	108M	106.2M	107.5M	108.8M	106.7M	104.1M	155.2M	155.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	27.3	14.9	5.03	6.47	7.09	6.12	6.4	9.41	10.1	—	12.6
P/S	0.88	0.94	0.66	0.88	0.97	1.08	0.98	1.15	1.5	—	1.82
P/B	0.81	0.95	0.62	0.79	0.84	1	0.79	0.93	1.29	—	2
EV/Sales	-0.05	0.12	-0.41	-0.05	0.06	0.46	0.36	0.27	1.2	—	1.58
Earnings yield	3.66%	6.72%	19.9%	15.5%	14.1%	16.3%	15.6%	10.6%	9.94%	—	7.95%
FCF yield	-21.1%	23.9%	21.3%	16.1%	44.5%	13.5%	25.4%	9.1%	5.66%	—	6.08%
PEG	—	—	—	—	—	—	—	—	—	—	0.25

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	21.8%
Net margin	3.22%	6.34%	13.2%	13.7%	13.6%	17.6%	15.3%	12.2%	14.9%	12.5%	16.3%
ROE	2.98%	6.39%	12.3%	12.3%	11.9%	16.4%	12.4%	9.87%	12.9%	11.4%	16.4%
ROA	—	—	—	—	—	—	—	—	1.83%	1.66%	2.25%
Return on tangible assets	—	—	—	—	—	—	—	—	1.98%	1.79%	2.28%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	—	—	—	—	—	—	—	—	—	0.9
Debt / equity	0.64	0.73	0.56	0.36	0.28	0.23	0.22	0.22	0.27	0.26	0.52
Debt / assets	—	—	—	—	—	—	—	—	0.04	0.04	0.04
Effective tax rate	42.8%	32.2%	26.3%	24.9%	22.7%	22.7%	25.2%	26.1%	21.2%	21.5%	21.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	25.2	28	27.7	30.5	34.8	43.5	39.8	40.2	47.2	35.2	37.7
EPS (basic)	0.77	1.69	3.57	3.99	4.49	7.34	5.74	4.55	6.67	4.17	4.17
EPS (diluted)	0.67	1.43	3.15	3.66	4.16	6.66	5.32	4.28	6.25	3.91	5.6
Book value per share	27.3	27.8	29.7	34	39.9	46.8	49	49.6	54.6	38.5	35.1
FCF per share	-4.68	6.34	3.91	4.34	15	6.36	9.88	4.19	4	6.8	2.23
Cash per share	40.8	43.5	46.5	40.7	42.5	37.9	35.2	46.1	28.8	17.2	34.6
Capex per share	0.28	0.27	0.8	1.46	0.69	0.37	0.76	0.49	0.04	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.11%	0.98%	2.9%	4.79%	1.98%	0.85%	1.9%	1.21%	0.08%	—	—
Capex / operating cash flow	-19.6%	2.7%	11%	38.8%	4.38%	3.08%	7.47%	8.81%	0.43%	—	—
Payout ratio	4.79%	12.6%	11.2%	13.2%	14.6%	12.4%	25.8%	38.3%	31.1%	35.6%	23.1%
Dividend yield	0.18%	0.85%	2.22%	2.04%	2.07%	2.02%	4.04%	4.07%	3.09%	—	1.93%

Yield

1.93%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.34

ex-dividend Sep 1, 2026

Payout ratio

23%

of earnings

Dividend growth

8 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.34
Jun 1, 2026	$0.34
Mar 2, 2026	$0.34

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1B	$1.1B	$1.1B	$1.2B	$1.2B	$1.3B	$1.2B	$1.3B	$1.4B	$1.5B	$1.5B	$1.4B
YoY change	-0.09%	+1.32%	+5.03%	+16.1%	+17.3%	+19.2%	+7.97%	+5.28%	+17%	+14.5%	+18.1%	+13.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	4.1B	4.5B	5B	4.4B	4.5B	4.1B	3.8B	4.9B	3B	2.7B
Receivables	1.4B	1.4B	1.2B	1.4B	936.5M	1.2B	924.4M	841.5M	897.4M	1.1B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	12.5M	-13.6M	317.6M	—	898.3M	853.6M	902.4M	889M	921.1M	899.9M
Goodwill & intangibles	2.2B	2.2B	2.3B	2.7B	2.6B	2.9B	2.9B	3B	3B	3.1B
Total assets	—	—	—	—	—	—	—	—	39.9B	41.3B
Accounts payable	1.8B	1.4B	1.6B	2.6B	2.4B	2.4B	2.1B	2.3B	1.2B	1.2B
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	1.7B	2.1B	1.8B	1.3B	1.2B	1.2B	1.2B	1.2B	1.5B	1.5B
Total liabilities	—	—	—	—	—	—	—	—	34.2B	35.3B
Shareholders' equity	2.7B	2.9B	3.2B	3.7B	4.2B	5B	5.3B	5.3B	5.7B	6B
Total debt	1.7B	2.1B	1.8B	1.3B	1.2B	1.2B	1.2B	1.2B	1.5B	1.5B
Net debt	827.5M	1.4B	-139.9M	184.4M	-1.1B	-789.8M	-1B	-2.2B	-1.4B	-1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	4.3B	4.9B	4.9B	4.2B	3.5B	3B	3B	2.3B	3.7B	2.7B	3.4B	2.7B
Receivables	885.7M	841.5M	876M	840.6M	917M	897.4M	950.8M	916.5M	1B	1.1B	1.5B	1.4B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	982.5M	889M	1.1B	1.1B	1B	921.1M	981.1M	1B	992.6M	899.9M	1B	998M
Goodwill & intangibles	3.1B	3B	3B	3B	3B	3B	3B	3.2B	3.2B	3.1B	3.1B	3.1B
Total assets	—	—	38.3B	37.8B	38.9B	39.9B	40.4B	39.9B	41.7B	41.3B	42.9B	44.9B
Accounts payable	2.4B	2.3B	1.8B	1.4B	1.5B	1.2B	1.3B	1.4B	1.5B	1.2B	1.6B	1.3B
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	1.2B	1.2B	2B	2.1B	1.5B	1.5B	1.5B	1.6B	1.5B	1.5B	1.5B	2B
Total liabilities	—	—	33B	32.4B	33.4B	34.2B	34.8B	34.3B	35.9B	35.3B	36.9B	38.9B
Shareholders' equity	5.2B	5.3B	5.3B	5.4B	5.6B	5.7B	5.5B	5.6B	5.8B	6B	6B	6B
Total debt	1.2B	1.2B	2B	2.1B	1.5B	1.5B	1.5B	1.6B	1.5B	1.5B	1.5B	2B
Net debt	-1.6B	-2.2B	-1.4B	-561.7M	-367M	-1.4B	-1.5B	-645.9M	-2.1B	-1B	-1.7B	-665.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	81.5M	182.9M	394M	450M	503.5M	824.9M	662.2M	522.5M	731.4M	683.8M
Depreciation & amortization	57.6M	44.6M	40.5M	54.4M	60.5M	63.8M	70.2M	81.5M	86M	95.2M
Stock-based compensation	186.3M	140.5M	100.8M	102.2M	108.2M	119.4M	135.5M	140.3M	153.8M	164M
Change in working capital	-581.4M	468.9M	156.9M	-183.5M	1.1B	-205.9M	64.2M	-188.3M	-223.3M	-204.3M
Operating cash flow	-143.8M	1B	785M	406.6M	1.7B	1.3B	1.1B	589.7M	890.7M	1.1B
Capital expenditure	-28.2M	-28.2M	-86.5M	-157.9M	-73.4M	-39.8M	-82.3M	-52M	-3.9M	—
Investing cash flow	-2.8B	-1.3B	90.3M	858.5M	-248M	-1.4B	-501.9M	42.3M	-692.4M	-56M
Dividends paid	-3.9M	-23.1M	-44M	-59.3M	-73.8M	-101.9M	-171M	-200.3M	-227.3M	-243.5M
Share repurchases	-113.5M	-13M	-170.2M	-215.4M	-58.3M	-172.7M	-105.8M	-443.9M	-144.1M	-245M
Financing cash flow	630.2M	77.8M	-679.3M	-554.7M	-139.1M	61.7M	-390.7M	-745.3M	-993.3M	-789.7M
Net change in cash	-2.3B	-151M	196M	710.4M	1.3B	-2.9M	210M	-113.3M	-795M	271.2M
Free cash flow	-469.6M	651.7M	421.3M	469M	1.6B	683.9M	1.1B	447.4M	416.6M	1.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	68.2M	162.5M	163.6M	165.3M	158.5M	244M	53M	155.1M	211.4M	264.4M	251.4M	226.5M
Depreciation & amortization	19M	24.5M	21.5M	22.7M	21M	20.8M	20.4M	20.8M	21.1M	32.8M	25.9M	24.3M
Stock-based compensation	30.4M	34M	56.8M	28.4M	33.3M	35.3M	57.6M	35.8M	25.6M	45M	65.7M	46.2M
Change in working capital	18.8M	65.7M	-633.9M	191.9M	124.7M	94.1M	-260.8M	-261.9M	-647M	327.3M	-268.9M	-234.7M
Operating cash flow	138.5M	234.1M	-464.8M	384.6M	85.6M	615.7M	-90.9M	354M	338.3M	382.4M	-342.6M	76.1M
Capital expenditure	-12.3M	-12.9M	-9.6M	-34M	-12.8M	52.5M	-2M	-29.4M	—	—	—	—
Investing cash flow	28.2M	11.3M	124.2M	-387.1M	-553.4M	131.2M	-196.8M	106.3M	-6.1M	9.1M	-263.6M	26.8M
Dividends paid	-47M	-48.7M	-72.4M	-47.5M	-52.7M	-54.7M	-72.2M	-62M	-52.8M	-56.5M	-79.5M	-67M
Share repurchases	-118.8M	-143.7M	-60.7M	-17.6M	-20.2M	-45.6M	-93.2M	-83M	-31.2M	-37.5M	-96.4M	-172.1M
Financing cash flow	-174.2M	-203.6M	-232.4M	-68.8M	-574.8M	-117.2M	-316.4M	-263.4M	-114M	-95.9M	-266.7M	171M
Net change in cash	-7.6M	41.8M	-573M	-71.2M	-1B	629.6M	-604.1M	197M	218.1M	295.6M	-872.8M	273.9M
Free cash flow	218.2M	262.2M	-619.4M	173.3M	-84.1M	677.2M	-227.8M	592.7M	321.1M	369M	-390.4M	61.3M

Date	Ratio
Feb 27, 2026	3:2
Dec 17, 2020	3:2
Apr 6, 2011	3:2
Jun 13, 2008	3:2
Sep 16, 2004	4:3
Feb 9, 1999	105:100
Feb 10, 1998	105:100
Jan 31, 1997	105:100
Feb 2, 1996	105:100
Feb 6, 1995	105:100
Oct 8, 1993	105:100
Oct 6, 1992	105:100

Stifel Financial Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history