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Stifel Financial Corp.

SF

Stifel Financial Corp. • NYSE
$122.00 ▲ 0.69% (+0.84)
Market Cap $12.42 B
52w High $125.73
52w Low $73.27
Dividend Yield 1.80%
P/E 21.59
Volume 180.55K
Outstanding Shares 101.83M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.619B ▲ $1.119B ▲ $211.371M ▲ 13.058% ▲ $1.96 ▲ $307.189M ▲
Q2-2025 $1.474B ▲ $1.045B ▼ $155.055M ▲ 10.52% ▲ $1.41 ▲ $234.633M ▲
Q1-2025 $1.452B ▼ $1.163B ▲ $52.992M ▼ 3.649% ▼ $0.42 ▼ $83.769M ▼
Q4-2024 $1.576B ▲ $1.07B ▲ $244.005M ▲ 15.478% ▲ $2.26 ▲ $286.97M ▲
Q3-2024 $1.46B $986.484M $158.505M 10.859% $1.43 $237.645M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.718B ▲ $41.687B ▲ $35.931B ▲ $5.756B ▲
Q2-2025 $2.254B ▼ $39.86B ▼ $34.263B ▼ $5.597B ▲
Q1-2025 $3.032B ▲ $40.384B ▲ $34.846B ▲ $5.538B ▼
Q4-2024 $2.996B ▼ $39.896B ▲ $34.209B ▲ $5.687B ▲
Q3-2024 $3.534B $38.935B $33.377B $5.557B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $211.371M ▲ $338.298M ▼ $-354.476M ▲ $1.31B ▲ $1.291B ▲ $321.099M ▼
Q2-2025 $155.055M ▲ $607.49M ▲ $-413.959M ▼ $-1.03B ▼ $-827.994M ▼ $592.658M ▲
Q1-2025 $52.992M ▼ $-211.208M ▼ $-172.519M ▲ $456.508M ▼ $75.854M ▼ $-227.781M ▼
Q4-2024 $244.005M ▲ $694.582M ▲ $-766.196M ▲ $813.322M ▲ $732.917M ▲ $677.151M ▲
Q3-2024 $158.505M $-71.331M $-1.11B $464.548M $-711.674M $-84.1M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Asset Management
Asset Management
 $380.00M ▲$410.00M ▲$410.00M ▲$400.00M ▼
Commissions
Commissions
 $180.00M ▲$200.00M ▲$190.00M ▼$200.00M ▲
Investment Banking
Investment Banking
 $240.00M ▲$300.00M ▲$240.00M ▼$230.00M ▼
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Stifel’s revenue has grown over the last few years, with 2024 marking a clear step up after some softness during 2022–2023. Profitability has been reasonably resilient: operating profit has held up well through different market conditions, and net income recovered nicely in 2024 after a dip. Earnings per share are back near their prior peak, helped by both higher profits and disciplined cost control. Overall, this looks like a mature, diversified financial firm that can still grow, but whose results will continue to be influenced by capital markets activity and investor sentiment year to year.

Balance Sheet

Balance Sheet The balance sheet appears solid and gradually stronger over time. Total assets and shareholder equity have both increased, suggesting steady expansion and retained earnings. Cash levels are healthy, though they move around with business needs and market conditions. Debt rose meaningfully at one point and then was brought back down, which indicates active balance sheet management and attention to leverage. Overall, the company seems to have a cushion to absorb shocks, but as a financial institution it remains exposed to broader credit and market risks.

Cash Flow

Cash Flow Stifel consistently generates positive cash from its core operations, but the level of cash flow has been somewhat uneven from year to year, reflecting swings in market activity and deal flow. Free cash flow has remained positive throughout the period, even in weaker years, which is a good sign for financial flexibility. Capital spending is modest, underscoring that this is not a capital-intensive business and leaving room to use cash for acquisitions, technology investments, or shareholder returns. The main watchpoint is the volatility: cash generation can vary meaningfully with market cycles.

Competitive Edge

Competitive Edge Stifel occupies a strong position in the middle-market and wealth management space, supported by an advisor-centric culture and a diversified business mix across wealth management, investment banking, and related services. Its focus on giving advisors autonomy, good tools, and relatively low bureaucracy has helped it recruit and retain experienced talent, which is a core advantage in this industry. The firm’s track record of bolt-on acquisitions has broadened its geographic reach and sector expertise, including in Europe and in technology and healthcare. However, it still faces intense competition from larger global banks, independent advisory platforms, and digital-first wealth managers, and its results remain tied to the health of capital markets and investor risk appetite.

Innovation and R&D

Innovation and R&D Innovation at Stifel is less about pure research spending and more about applying technology and partnerships to enhance advisor productivity and the client experience. The firm has built integrated digital platforms, such as its Wealth Tracker app, and layered in tools from leading fintech partners for reporting, client management, and electronic workflows. It also invests in proprietary tools where it sees clear differentiation potential and is actively exploring artificial intelligence to improve research, risk management, and internal efficiency. Cybersecurity and cloud infrastructure are important ongoing priorities. Overall, Stifel is modernizing in a targeted, practical way rather than trying to be a disruptive tech company, which aligns with its advisor-first culture.

Summary

Stifel Financial shows a picture of steady, diversified growth with a business model that has held up through different market environments. Revenue and profits have generally trended higher, with a noticeable rebound in 2024 after a softer period. The balance sheet and cash flows indicate a firm that manages risk prudently while still investing in growth and technology. Its competitive edge comes from a strong advisor-focused culture, integrated banking and wealth management offerings, sector-specialized investment banking, and a history of well-chosen acquisitions. Key risks revolve around market cyclicality, competitive pressure from both large banks and nimble fintech or independent platforms, and the need to keep pace with rapid technological change. In broad terms, this is a scaled, advisor-driven financial platform with decent financial resilience, meaningful exposure to capital markets cycles, and ongoing opportunities to enhance its technology and expand its reach.

NEWS

November 20, 2025 · 4:15 PM UTC

Stifel Reports October 2025 Operating Data

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November 11, 2025 · 5:00 PM UTC

Stifel to Present at the Wolfe Research Wealth Symposium

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November 5, 2025 · 4:30 PM UTC

Stifel Declares Quarterly Common Stock Cash Dividend and Declares Preferred Stock Cash Dividend

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November 4, 2025 · 7:00 AM UTC

Seaport Therapeutics to Present at Stifel 2025 Healthcare Conference

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October 29, 2025 · 8:30 AM UTC

Eaton Partners Acts as Exclusive Placement Agent to Formentera Partners

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