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SF-PC

Stifel Financial Corp.

SF-PC

Stifel Financial Corp. • NYSE
$24.10 ▼ -0.70% (-0.17)
Market Cap $2.45 B
52w High $25.79
52w Low $21.81
Dividend Yield 1.53%
P/E 3.62
Volume 6.78K
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 Q4-2024Q1-2025Q2-2025Q3-2025
Asset Management
Asset Management
 $410.00M ▲$410.00M ▲$400.00M ▼$430.00M ▲
Commissions
Commissions
 $200.00M ▲$190.00M ▼$200.00M ▲$210.00M ▲
Investment Banking
Investment Banking
 $300.00M ▲$240.00M ▼$230.00M ▼$320.00M ▲
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 steadily over the past five years, with the most recent year reaching a new high after a brief soft patch in the middle of the period. Profitability is solid but more volatile than revenue: operating and net income peaked a few years ago, then dipped, and have now rebounded, though not yet to their prior best levels. This pattern suggests healthy underlying client activity and good scale, but also shows that margins are sensitive to market conditions and compensation costs. Overall, the income statement points to a resilient, growing franchise with earnings that can swing with the capital markets cycle.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully, reflecting a larger, more complex financial platform. Equity has increased steadily, which is a positive sign of accumulated earnings and capital strength. Debt rose sharply at one point but has since been reduced, indicating some deliberate de‑leveraging and balance sheet management. Cash levels move around but remain substantial, suggesting reasonable flexibility to handle business needs and market stress, though the firm is clearly using its balance sheet actively rather than letting cash pile up.

Cash Flow

Cash Flow Stifel consistently generates positive operating cash flow, but the trend has been choppy and recently weaker than earlier in the period, even as accounting earnings have improved. Free cash flow follows a similar pattern, remaining positive but not on a straight upward path. Capital spending is modest and stable, so swings in cash flow mostly reflect changes in working capital and the inherent volatility of a markets‑driven business. This profile is typical for a capital markets firm, but it does mean that year‑to‑year cash generation can diverge from headline profit figures.

Competitive Edge

Competitive Edge Stifel occupies a strong mid‑tier position in capital markets and wealth management, with a clear tilt toward serving financial advisors and high‑net‑worth clients. Its diversified mix—wealth management, investment banking, and banking—helps smooth results across cycles and reduces reliance on any single revenue stream. The firm’s advisor‑centric culture and steady recruitment of experienced advisors are key advantages, supporting stable fee income and asset growth. At the same time, it competes against very large global banks and low‑cost digital platforms, so sustained success depends on continuing to attract talent and deliver high‑touch service that justifies its fees.

Innovation and R&D

Innovation and R&D Instead of classic laboratory‑style R&D, Stifel invests in financial technology and platforms that support advisors and clients. Tools like its Wealth Tracker app, personalized research feeds, advisor‑optimized Salesforce setup, and advanced reporting via partners such as Addepar show a strategy of integrating best‑in‑class fintech rather than building everything from scratch. Its venture banking platform and modern treasury tools extend this tech focus to entrepreneurial and institutional clients. This approach keeps Stifel competitive on digital experience, but much of the technology is shared or partnership‑based, so the edge depends heavily on execution, integration quality, and service rather than on unique, hard‑to‑copy patents.

Summary

Overall, Stifel shows a picture of a growing financial firm with a stronger top line, a larger and better‑capitalized balance sheet, and consistently positive—if volatile—cash generation. Its main strengths are a diversified business model, a strong wealth management and advisor franchise, and thoughtful use of technology to deepen relationships rather than replace them. The key risks are earnings and cash flow sensitivity to market cycles, intense competition across all its businesses, and the need to continually recruit and retain top advisors to sustain growth. For observers of SF‑PC specifically, the story hinges less on rapid expansion and more on the firm’s ability to maintain stable profitability and prudent balance sheet management through different market environments.