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Stifel Financial Corp.

SF-PB

Stifel Financial Corp. • NYSE
$24.27 ▼ -0.94% (-0.23)
Market Cap $11.36 B
52w High $25.45
52w Low $22.22
Dividend Yield 1.56%
P/E 3.65
Volume 18.38K
Outstanding Shares 468.21M

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 has grown steadily over the past several years, with revenue and profits generally moving upward despite market ups and downs. Profitability has remained solid, showing that the firm can earn well on its activities in wealth management and capital markets. There was some pressure in the middle of the period as markets cooled, but results have bounced back more recently. Overall, earnings look resilient, but they are still tied to market conditions and deal activity, so results can swing with cycles in trading, banking, and asset values.

Balance Sheet

Balance Sheet The balance sheet shows a larger and more complex firm than a few years ago, with total assets climbing and shareholders’ equity gradually building. Cash levels are healthy, though they move around from year to year as markets and funding needs change. Debt increased at one point and then was pulled back, which suggests active balance sheet management but also the need to watch funding costs and leverage. Overall, the financial foundation appears solid, but as with most capital markets firms, it relies on careful risk and liquidity management.

Cash Flow

Cash Flow Cash generation from daily operations has been uneven, stronger in some years and softer in others, reflecting the natural volatility of a capital markets business. Free cash flow generally tracks this pattern but remains positive, helped by relatively modest spending on technology and infrastructure. This indicates that Stifel can fund its investments and business growth from internal cash most of the time, but cash flows are not as smooth or predictable as those of more stable, fee-only businesses.

Competitive Edge

Competitive Edge Stifel’s main edge comes from its advisor-centric culture and integrated model that combines wealth management, investment banking, and banking services on one platform. This creates cross-selling opportunities and deep, long-term relationships with both individual and corporate clients. Its emphasis on autonomy for advisors, strong research, and sector expertise helps attract and retain talent, which is critical in this industry. Strategic acquisitions and expansion in Europe further broaden its reach, but the firm still competes against much larger global banks and well-funded independent platforms, which keeps competitive pressure high.

Innovation and R&D

Innovation and R&D The firm is actively investing in practical technology rather than purely experimental projects. Tools like its proprietary client apps, advanced reporting platforms, digital signing, and cloud-based infrastructure are aimed at making advisors more effective and client experiences smoother. Stifel is also exploring uses of artificial intelligence to personalize content, improve investment analysis, and streamline operations. At the same time, it leans on strategic partners for specialized systems, which speeds adoption but can create some dependence on third parties. Overall, innovation appears focused, incremental, and tied to clear business use cases.

Summary

Stifel Financial looks like a growing, diversified financial services firm with a strong wealth management core and a meaningful capital markets presence. Its financial results show resilience and an ability to grow through different market environments, albeit with the normal swings that come with capital markets exposure. The balance sheet and cash flows suggest a generally solid financial footing, supported by disciplined risk management. Competitively, its advisor-friendly culture, integrated platform, and targeted acquisitions create a real franchise, while ongoing tech and AI initiatives aim to deepen client engagement and improve efficiency. Key uncertainties revolve around market cycles, competition for top advisors, funding costs, and the execution of its growth and technology strategies.