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Raymond James Financial vs Stifel Financial: revenue, profit, margins and growth compared

Raymond James Financial brought in $15.9B of revenue in fiscal 2025, Stifel Financial $6.3B in fiscal 2025. Revenue changed by +6.6% at Raymond James Financial and +6.7% at Stifel Financial on the year before. Raymond James Financial kept 13.4% of its revenue as net profit, Stifel Financial 10.8%. Free cash flow was $2.2B at Raymond James Financial and $1.1B at Stifel Financial.

Side by side, latest fiscal year

RJFSF
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$15.9B$6.3B
Revenue growth+6.6%+6.7%
Net income$2.1B$683.8M
Net margin13.4%10.8%
Free cash flow$2.2B$1.1B
Free cash flow margin14.1%16.6%
Earnings per share (diluted)$10.30$5.87
Cash$11.4B$2.3B
Debtn/a$617.4M
Price to earnings15.512.0
Market value$30.8B$10.6B
Dividend yield1.25%2.62%
Rank by revenue in sector#40 of 444 · Finance#86 of 444 · Finance

Over the years

Revenue
RJF FY2018: $7.5BRJF FY2019: $8BRJF FY2020: $8.2BRJF FY2021: $9.9BRJF FY2022: $11.3BRJF FY2023: $13BRJF FY2024: $14.9BRJF FY2025: $15.9BSF FY2018: $3.2BSF FY2019: $3.5BSF FY2020: $3.8BSF FY2021: $4.8BSF FY2022: $4.6BSF FY2023: $5.2BSF FY2024: $6BSF FY2025: $6.3BFY18FY19FY20FY21FY22FY23FY24FY25
RJF $15.9BSF $6.3B
Net income
RJF FY2018: $857MRJF FY2019: $1BRJF FY2020: $818MRJF FY2021: $1.4BRJF FY2022: $1.5BRJF FY2023: $1.7BRJF FY2024: $2.1BRJF FY2025: $2.1BSF FY2018: $394MSF FY2019: $448.4MSF FY2020: $503.5MSF FY2021: $824.9MSF FY2022: $662.2MSF FY2023: $522.5MSF FY2024: $731.4MSF FY2025: $683.8MFY18FY19FY20FY21FY22FY23FY24FY25
RJF $2.1BSF $683.8M
Net margin
RJF FY2018: 11.5%RJF FY2019: 12.9%RJF FY2020: 10.0%RJF FY2021: 14.2%RJF FY2022: 13.3%RJF FY2023: 13.4%RJF FY2024: 13.9%RJF FY2025: 13.4%SF FY2018: 12.3%SF FY2019: 12.8%SF FY2020: 13.2%SF FY2021: 17.2%SF FY2022: 14.4%SF FY2023: 10.1%SF FY2024: 12.3%SF FY2025: 10.8%FY18FY19FY20FY21FY22FY23FY24FY25
RJF 13.4%SF 10.8%
Revenue growth
RJF FY2019: +7.3%RJF FY2020: +1.8%RJF FY2021: +21.3%RJF FY2022: +14.1%RJF FY2023: +14.9%RJF FY2024: +14.9%RJF FY2025: +6.6%SF FY2019: +10.0%SF FY2020: +8.6%SF FY2021: +25.3%SF FY2022: -4.0%SF FY2023: +12.3%SF FY2024: +15.4%SF FY2025: +6.7%FY19FY20FY21FY22FY23FY24FY25
RJF +6.6%SF +6.7%
Free cash flow
RJF FY2018: $750MRJF FY2019: $439MRJF FY2020: $3.9BRJF FY2021: $6.6BRJF FY2022: -$19MRJF FY2023: -$3.7BRJF FY2024: $2BRJF FY2025: $2.2BSF FY2018: $421.3MSF FY2019: $469MSF FY2020: $1.6BSF FY2021: $683.9MSF FY2022: $1.1BSF FY2023: $447.4MSF FY2024: $416.6MSF FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
RJF $2.2BSF $1.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Raymond James Financial and Stifel Financial

Which is bigger by revenue, Raymond James Financial or Stifel Financial?

Raymond James Financial is bigger by revenue: $15.9B in fiscal 2025, against $6.3B for Stifel Financial in fiscal 2025.

Which keeps more of its revenue as profit, Raymond James Financial or Stifel Financial?

Raymond James Financial had a net margin of 13.4% in fiscal 2025; Stifel Financial had 10.8% in fiscal 2025.

Which grew revenue faster, Raymond James Financial or Stifel Financial?

In their latest fiscal years revenue changed by +6.6% at Raymond James Financial and +6.7% at Stifel Financial.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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