We don't have enough comparable filing data to score at least four of the five filters for JEF, so we don't publish a composite. Missing: returnsOnCapital, balanceSheet. No composite: 2 components abstained (returnsOnCapital: Not enough years of ROIC data to score returns on capital.; balanceSheet: Insufficient leverage/coverage inputs to score the balance sheet.).
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.
ROIC is not available for the latest filed year, FY2025. Across the full 3-year measurable filed record, median ROIC was −3.3%.
The balance sheet carried $17.7B of total debt in FY2025 against $682M of owner earnings — roughly 25.9 years of owner earnings to retire it all.
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
Sales, as filed$5.5B FY2025Revenue kept after cost of goods96.6% FY2025Standard ROIC or separately labeled Operating ROICROIC −3.3% FY2009Cash an owner could take out$682M FY2025
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.
Flagship explainer
How Jefferies Financial Group Inc. makes its money
Jefferies Financial Group Inc.'s filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:
Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.
What Jefferies Financial Group Inc. insiders reported
We could not retrieve insider activity for this rendering; no zero-activity claim is shown.
Unavailable: Form 4 activity could not be retrieved for this rendering.
Moat Score history
16 logged readings since Jul 17, 2026 · append-only, never rewritten
Moat Score over timeLast scored reading of each day, on the 0–100 scale
No composite readings yet — JEF’s filings don’t give the engine enough comparable data to score, and we log that honestly instead of guessing a number.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for JEF.
Track record
How Jefferies Financial Group Inc.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
Point-in-time scores 2011–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight
Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year
How to read this: each dot is what the engine would have scored JEF on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the reconstructed history shown, JEF did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.
Other context
Not ranked — JEF doesn’t have enough comparable filing data for a composite score, so we don’t place it on the board.
Does Jefferies Financial Group Inc. have an economic moat?
We don't publish a Moat Score for Jefferies Financial Group Inc. (JEF): its SEC filings don't provide enough comparable data to score at least four of the five filters, and the Index records each gap rather than a guessed number. Missing inputs: returns on capital, balance-sheet safety.
How has JEF's Moat Score changed over time?
The record logs 16 readings since Jul 17, 2026, none with a composite — JEF hasn't had enough comparable filing data to score. No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.
Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell JEF. See the disclaimer.