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SF-PD

Stifel Financial Corp.

SF-PD

Stifel Financial Corp. • NYSE
$17.61 ▼ -0.51% (-0.09)
Market Cap $1.79 B
52w High $19.99
52w Low $15.85
Dividend Yield 1.13%
P/E 2.65
Volume 12.28K
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 shows a clear pattern of revenue growth over the past several years, with only a brief soft spot in the middle of the period. Profitability has remained positive throughout, but earnings have swung more than revenues, which is typical for a capital-markets and investment-banking heavy franchise. The most recent year stands out as a recovery year for profits after a weaker stretch, suggesting the firm is managing through market cycles reasonably well. Overall, the income statement points to a business that is growing, solidly profitable, but exposed to deal-making and market activity levels.

Balance Sheet

Balance Sheet The balance sheet has expanded steadily, reflecting a firm that has grown its overall footprint and client activity over time. Equity has trended upward, which indicates that the company has been building its capital base rather than hollowing it out. Debt rose earlier in the period but was brought back down more recently, which takes some pressure off the balance sheet and suggests active balance-sheet management. Cash levels have moved around but remain meaningful, giving the company flexibility to manage through market stress and pursue opportunities. For a financial firm, the structure looks reasonably sound, though always sensitive to credit, liquidity, and market risks inherent to the sector.

Cash Flow

Cash Flow Stifel consistently generates cash from its operations, but the pattern is bumpy, with particularly strong cash years followed by more modest ones. Importantly, free cash flow has remained positive throughout the period, even in softer years, which supports ongoing investment, obligations, and potential shareholder returns. Capital spending is relatively light, which fits a business that leans more on people, systems, and relationships than on large physical assets. The main watchpoint is that operating cash flow in the most recent years sits below earlier peaks, so investors should pay attention to whether the recent improvement in earnings is matched by a sustained rebound in cash generation.

Competitive Edge

Competitive Edge Stifel operates as a diversified financial services firm with two main engines: a large wealth management platform and a strong middle-market investment bank. The wealth business provides recurring, fee-based revenue and a sticky client base, helping to stabilize results when capital markets are volatile. The investment banking and institutional side gives the firm exposure to higher-margin, but more cyclical, deal and trading activity. Stifel’s advisor-centric culture, recognized research, and history of targeted acquisitions help it attract experienced advisors and deepen client relationships, which are key advantages. At the same time, it competes against both global giants and nimble boutiques, so maintaining talent, technology, and differentiation is an ongoing challenge.

Innovation and R&D

Innovation and R&D Stifel’s innovation strategy is practical rather than flashy, focused on enhancing advisor productivity and client experience through partnerships and modern platforms. Tools like the Stifel Wealth Tracker app, personalized content features, and advanced reporting systems show a clear emphasis on digital engagement and tailored advice. On the institutional side, the firm’s crossing platform leverages its retail order flow to offer differentiated liquidity to institutional clients, which is a notable strategic use of technology. The company is actively exploring artificial intelligence, cloud infrastructure, and deeper data integration, but generally prefers to build on established third-party systems rather than reinvent everything in-house. Overall, innovation is used as a support and amplifier of its advisory model, not as a separate disruptive business line.

Summary

Putting it all together, Stifel looks like a steadily growing, diversified financial firm that combines wealth management stability with more cyclical capital markets activities. The income statement shows ongoing profitability and a recent earnings rebound; the balance sheet and cash flows indicate a generally sound financial footing, though with the usual sensitivities of a leveraged financial institution. Competitively, its strengths lie in advisor relationships, research, and a balanced business mix, supported by a technology strategy that enhances—rather than replaces—the traditional advisory model. The main opportunities revolve around further scaling wealth management, deepening institutional capabilities, and intelligently deploying new technologies like AI, while key risks stem from market cycles, regulation, competition for talent, and overall capital markets volatility.