The Moat Index

Jefferies Financial Group Inc.

JEF · Other · FY2025 filings · Not rated ·

Not rated

/ 100
Not rated

We don't have enough comparable filing data to score JEF on every filter, so we don't publish a composite. Missing: returnsOnCapital, balanceSheet.

20 years of fundamentals

The business, in plain English

Jefferies Financial Group Inc. booked $5.5B of revenue in FY2025 in the Other sector and kept 96.6% of it as gross profit — a high-margin business by that measure. After every other cost, 12.3% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $1.2B (FY2007) to $5.5B (FY2025) — about 9.1% a year compounded over 18 years.

It earned −3.3% on invested capital in FY2009, with a median of −3.3% across 3 filed years.

The balance sheet carried $17.7B of total debt in FY2025 against $682.0M of owner earnings — roughly 25.9 years of owner earnings to retire it all.

The share count fell 11.7% between FY2008 and FY2023 — management has been retiring shares, which concentrates each remaining owner's claim. Capital Discipline scores it 100/100.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2006–FY2025 · 20 fiscal years, normalized from JEF’s SEC filings

RevenueSales, as filed$5.5B FY2025
$0$5B$10B2006201320202025
Gross marginRevenue kept after cost of goods96.6% FY2025
0%50%100%2006201320202025
Return on invested capitalOperating profit on the capital employed−3.3% FY2009
−5%−3%0%2006201320202025
Owner earningsCash an owner could take out$682.0M FY2025
−$2B$0$2B2006201320202025

Gaps in a line mean that item isn’t in JEF’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Jefferies Financial Group Inc. (JEF) Moat Score — The Moat Index · Buy Like Buffett