NYSE : SF
Stifel Financial Corp. — Financial statements
Financials · Capital Markets · United States
Last price 66.69 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 10.01B
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Financial statements
Stifel Financial Corp. (SF) reported revenue of 5.88B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 1.91B | 1.90B | 2.02B | 1.96B | 1.10B | 548.40M |
| Total Interest Expense | 776.70M | 817.80M | 981.37M | 810.34M | 201.39M | 46.00M |
| Net Interest Income | 1.13B | 1.09B | 1.04B | 1.15B | 897.73M | 502.40M |
| Brokerage Commission | 843.26M | 813.62M | 756.02M | 673.60M | 710.59M | 809.50M |
| Trading & Principal Transactions | 560.63M | 645.34M | 604.56M | 490.44M | 529.03M | 581.16M |
| Asset Management Fee | 1.86B | 1.70B | 1.54B | 1.30B | 1.26B | 1.21B |
| Underwriting & Investment Banking Fee | 1.44B | 1.25B | 994.83M | 731.25M | 971.49M | 1.57B |
| Gain on Sale of Investments (Rev) | 4.73M | 4.73M | 88.00K | 460.00K | -11.89M | -3.00M |
| Other Revenue | 77.22M | 29.20M | 43.04M | 8.29M | 31.58M | 75.12M |
| Revenue Before Loan Losses | 5.92B | 5.53B | 4.97B | 4.35B | 4.39B | 4.74B |
| Provision for Loan Losses | 36.74M | 38.40M | 25.40M | 25.00M | 33.51M | -11.50M |
| Revenue | 5.88B | 5.49B | 4.94B | 4.32B | 4.36B | 4.75B |
| Salaries & Employee Benefits | 3.38B | 3.21B | 2.88B | 2.52B | 2.55B | 2.79B |
| Cost of Services Provided | 659.09M | 644.78M | 619.61M | 582.32M | 546.13M | 515.41M |
| Other Operating Expenses | 504.25M | 650.64M | 442.66M | 449.30M | 312.52M | 306.73M |
| Total Operating Expenses | 4.55B | 4.50B | 3.95B | 3.55B | 3.41B | 3.62B |
| Operating Income | 1.33B | 988.60M | 999.25M | 769.90M | 952.16M | 1.13B |
| EBT Excluding Unusual Items | 1.33B | 988.60M | 999.25M | 769.90M | 952.16M | 1.13B |
| Merger & Restructuring Charges | -89.86M | -117.46M | -70.81M | -63.21M | -67.05M | -65.16M |
| Pretax Income | 1.24B | 871.14M | 928.44M | 706.69M | 885.12M | 1.07B |
| Income Tax Expense | 266.64M | 187.36M | 197.06M | 184.16M | 222.96M | 242.22M |
| Earnings From Continuing Ops. | 976.40M | 683.78M | 731.38M | 522.54M | 662.15M | 824.86M |
| Net Income | 976.40M | 683.78M | 731.38M | 522.54M | 662.15M | 824.86M |
| Preferred Dividends & Other Adjustments | 37.28M | 37.28M | 37.28M | 37.28M | 37.28M | 35.59M |
| Net Income to Common | 939.12M | 646.50M | 694.10M | 485.25M | 624.87M | 789.27M |
| Shares Outstanding (Basic) | 153.96M | 155.25M | 156.10M | 159.99M | 163.27M | 161.30M |
| Shares Outstanding (Diluted) | 162.73M | 165.08M | 166.46M | 170.18M | 176.31M | 177.79M |
| EPS (Basic) | 6.10 | 4.16 | 4.45 | 3.03 | 3.83 | 4.89 |
| EPS (Diluted) | 5.77 | 3.91 | 4.17 | 2.85 | 3.55 | 4.44 |
| Free Cash Flow | 1.05B | 416.65M | 447.35M | 1.08B | 683.92M | |
| Free Cash Flow Per Share | 6.39 | 2.50 | 2.63 | 6.10 | 3.85 | |
| Dividend Per Share | 1.32 | 1.23 | 1.12 | 0.96 | 0.80 | 0.40 |
| Operating Margin | 22.67% | 18.00% | 20.21% | 17.80% | 21.85% | 23.84% |
| Profit Margin | 15.97% | 11.77% | 14.04% | 11.22% | 14.34% | 16.62% |
| Free Cash Flow Margin | 19.21% | 8.43% | 10.35% | 24.67% | 14.40% | |
| Effective Tax Rate | 21.45% | 21.51% | 21.22% | 26.06% | 25.19% | 22.70% |
| Revenue as Reported | 6.69B | 6.35B | 5.95B | 5.16B | 4.59B | 4.78B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.25B | 2.65B | 3.36B | 2.20B | 1.96B | |
| Short-Term Investments | 2.34B | 2.00B | 1.65B | 1.33B | 2.18B | |
| Trading Asset Securities | 71.30M | 110.81M | 118.67M | 142.04M | 52.13M | |
| Accounts Receivable | 1.57B | 1.26B | 1.18B | 1.26B | 1.65B | |
| Other Receivables | 22.91B | 21.64B | 20.22B | 21.30B | 17.38B | |
| Property, Plant & Equipment | 866.55M | 898.98M | 883.75M | 908.74M | 918.94M | |
| Goodwill | 1.46B | 1.40B | 1.39B | 1.33B | 1.31B | |
| Other Intangible Assets | 227.09M | 216.93M | 219.27M | 197.84M | 148.16M | |
| Investments in Debt & Equity Securities | 8.22B | 8.18B | 7.53B | 7.73B | 7.58B | |
| Long-Term Deferred Tax Assets | 151.20M | 152.38M | 121.52M | 159.21M | 111.28M | |
| Other Long-Term Assets | 694.26M | 811.53M | 637.53M | 491.07M | 540.98M | |
| Total Assets | 41.27B | 39.90B | 37.73B | 37.20B | 34.05B | |
| Accounts Payable | 1.37B | 1.28B | 1.33B | 1.10B | 1.44B | |
| Accrued Expenses | 988.95M | 790.19M | 585.61M | 677.38M | 932.80M | |
| Short-Term Debt | 722.55M | 691.00M | 536.29M | 354.04M | 437.68M | |
| Current Portion of Long-Term Debt | 500.00M | |||||
| Current Portion of Leases | 110.98M | |||||
| Other Current Liabilities | 30.21B | 29.67B | 27.95B | 27.71B | 24.20B | |
| Long-Term Debt | 672.44M | 676.62M | 675.63M | 1.17B | 1.17B | |
| Long-Term Leases | 744.92M | 867.43M | 825.53M | 819.70M | 799.10M | |
| Other Long-Term Liabilities | 481.25M | 203.58M | 2.00K | 6.90M | 6.90M | |
| Total Liabilities | 35.29B | 34.21B | 32.43B | 31.87B | 29.01B | |
| Common Stock | 16.75M | 16.75M | 16.75M | 16.75M | 16.75M | |
| Additional Paid-In Capital | 1.92B | 1.90B | 1.91B | 1.93B | 1.92B | |
| Retained Earnings | 4.16B | 3.79B | 3.40B | 3.17B | 2.76B | |
| Comprehensive Income & Other | -17.81M | -75.64M | -74.33M | -117.96M | 4.72M | |
| Total Common Equity | 5.33B | 5.29B | 5.00B | 4.61B | 4.64B | 4.35B |
| Shareholders' Equity | 6.01B | 5.98B | 5.69B | 5.29B | 5.33B | 5.03B |
| Total Liabilities & Equity | 41.27B | 39.90B | 37.73B | 37.20B | 34.05B | |
| Total Debt | 3.13B | 2.25B | 2.24B | 2.54B | 2.35B | 2.41B |
| Net Cash (Debt) | 2.10B | 2.41B | 2.52B | 2.59B | 1.32B | 1.79B |
| Net Cash Per Share | 12.89 | 14.60 | 15.15 | 15.21 | 7.50 | 10.06 |
| Filing Date Shares Outstanding | 150.06M | 154.79M | 155.63M | 154.19M | 160.05M | 159.63M |
| Total Common Shares Outstanding | 150.06M | 152.50M | 153.26M | 151.59M | 158.02M | 156.75M |
| Working Capital | -3.75B | -4.23B | -3.99B | -3.48B | -3.59B | |
| Book Value Per Share | 35.15 | 34.70 | 32.64 | 30.41 | 29.38 | 27.75 |
| Tangible Book Value | 3.78B | 3.60B | 3.39B | 3.00B | 3.12B | 2.89B |
| Tangible Book Value Per Share | 24.91 | 23.62 | 22.12 | 19.80 | 19.74 | 18.47 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 683.78M | 731.38M | 522.54M | 662.15M | 824.86M | |
| Depreciation & Amortization, Total | 95.16M | 85.97M | 81.46M | 70.21M | 63.76M | |
| Gain (Loss) On Sale of Investments | 2.25M | 8.64M | 9.41M | 24.05M | 20.04M | |
| Stock-Based Compensation | 164.00M | 153.76M | 140.26M | 135.50M | 119.38M | |
| Change in Accounts Receivable | -326.60M | -127.19M | 88.22M | 384.66M | -222.53M | |
| Change in Accounts Payable | -22.27M | -325.77M | 7.54M | -283.25M | -85.48M | |
| Change in Other Net Operating Assets | 394.62M | -126.58M | -538.87M | -22.97M | -9.46M | |
| Other Operating Activities | -19.57M | -42.88M | 22.69M | 21.55M | 58.33M | |
| Operating Cash Flow | 1.12B | 490.44M | 499.33M | 1.16B | 872.09M | |
| Capital Expenditures | -62.09M | -73.79M | -51.98M | -82.33M | -188.18M | |
| Cash Acquisitions | -74.88M | -8.46M | -111.96M | -11.90M | -144.47M | |
| Investment in Securities | 18.84M | -680.06M | 206.26M | -407.65M | -1.17B | |
| Investing Cash Flow | -1.61B | -2.31B | 1.04B | -4.32B | -6.97B | |
| Short-Term Debt Issued | 71.07M | 162.53M | 205.63M | 135.59M | ||
| Long-Term Debt Issued | 73.21M | 43.23M | 67.59M | 4.09M | ||
| Total Debt Issued | 144.28M | 205.76M | 273.22M | 139.68M | ||
| Short-Term Debt Repaid | -86.88M | -173.52M | ||||
| Long-Term Debt Repaid | -4.44M | -500.00M | -81.11M | |||
| Total Debt Repaid | -91.32M | -500.00M | -254.63M | |||
| Net Debt Issued (Repaid) | 52.95M | -294.24M | 273.22M | -254.63M | 139.68M | |
| Repurchase of Common Stock | -367.68M | -265.06M | -538.26M | -208.38M | -251.31M | |
| Preferred Dividends Paid | -37.28M | -37.28M | -37.28M | -37.28M | -35.59M | |
| Common Dividends Paid | -206.27M | -190.00M | -162.98M | -133.75M | -66.34M | |
| Dividends Paid | -243.55M | -227.28M | -200.26M | -171.03M | -101.92M | |
| Other Financing Activities | 649.52M | 1.77B | 210.73M | 3.83B | 6.01B | |
| Financing Cash Flow | 91.25M | 980.10M | -254.58M | 3.19B | 5.79B | |
| Foreign Exchange Rate Adjustments | 10.26M | -6.03M | 5.45M | 55.05M | -3.54M | |
| Net Cash Flow | -395.40M | -845.65M | 1.29B | 79.34M | -302.55M | |
| Free Cash Flow | 1.05B | 416.65M | 447.35M | 1.08B | 683.92M | |
| Free Cash Flow Margin | 19.21% | 8.43% | 10.35% | 24.67% | 14.40% | |
| Free Cash Flow Per Share | 6.39 | 2.50 | 2.63 | 6.10 | 3.85 | |
| Cash Interest Paid | 833.54M | 995.53M | 821.74M | 220.85M | 62.51M | |
| Cash Income Tax Paid | 200.32M | 232.95M | 183.81M | 217.13M | 288.95M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.31B | 12.75B | 10.86B | 7.05B | 6.20B | 7.33B |
| Last Close Price | 66.69 | 82.35 | 68.58 | 43.86 | 36.18 | 42.84 |
| PE Ratio | 11.90 | 19.72 | 15.64 | 14.54 | 9.93 | 9.29 |
| PS Ratio | 1.75 | 2.32 | 2.20 | 1.63 | 1.42 | 1.54 |
| PB Ratio | 1.90 | 2.13 | 1.91 | 1.33 | 1.16 | 1.46 |
| P/FCF Ratio | 28.53 | 12.09 | 26.06 | 15.77 | 5.77 | 10.72 |
| P/OCF Ratio | 22.67 | 11.41 | 22.14 | 14.12 | 5.36 | 8.41 |
| Debt / Equity Ratio | 0.52 | 0.38 | 0.39 | 0.48 | 0.44 | 0.48 |
| Debt / FCF Ratio | 2.13 | 5.36 | 5.67 | 2.18 | 3.52 | |
| Net Debt / Equity Ratio | -0.35 | -0.40 | -0.44 | -0.49 | -0.25 | -0.35 |
| Net Debt / FCF Ratio | -2.29 | -6.05 | -5.79 | -1.23 | -2.62 | |
| Asset Turnover | 0.14 | 0.13 | 0.12 | 0.12 | 0.16 | |
| Quick Ratio | 0.87 | 0.85 | 0.86 | 0.88 | 0.86 | |
| Current Ratio | 0.89 | 0.87 | 0.87 | 0.88 | 0.87 | |
| Return on Equity (ROE) | 11.72% | 13.32% | 9.84% | 12.78% | 17.79% | |
| Return on Assets (ROA) | 1.69% | 1.88% | 1.40% | 1.86% | 2.72% | |
| Return on Invested Capital (ROIC) | 11.46% | 9.61% | 9.99% | 7.34% | 9.42% | 12.61% |
| Earnings Yield | 8.40% | 5.36% | 6.74% | 7.41% | 10.67% | 11.25% |
| FCF Yield | 3.51% | 8.27% | 3.84% | 6.34% | 17.33% | 9.33% |
| Dividend Yield | 1.98% | 1.47% | 1.58% | 2.06% | 2.04% | 0.85% |
| Payout Ratio | 23.56% | 35.62% | 31.08% | 38.32% | 25.83% | 12.36% |
| Buyback Yield / Dilution | 1.86% | 0.83% | 2.18% | 3.48% | 0.83% | -3.45% |
| Total Shareholder Return | 3.85% | 2.30% | 3.77% | 5.54% | 2.87% | -2.60% |