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Jefferies Financial Group (Jefferies Financial Group) Gross Margin % : 58.02% (As of Feb. 2024)


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What is Jefferies Financial Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Jefferies Financial Group's Gross Profit for the three months ended in Feb. 2024 was $1,481 Mil. Jefferies Financial Group's Revenue for the three months ended in Feb. 2024 was $2,552 Mil. Therefore, Jefferies Financial Group's Gross Margin % for the quarter that ended in Feb. 2024 was 58.02%.


The historical rank and industry rank for Jefferies Financial Group's Gross Margin % or its related term are showing as below:

JEF' s Gross Margin % Range Over the Past 10 Years
Min: 16.76   Med: 49.07   Max: 60.83
Current: 60.83


During the past 13 years, the highest Gross Margin % of Jefferies Financial Group was 60.83%. The lowest was 16.76%. And the median was 49.07%.

JEF's Gross Margin % is ranked better than
62.64% of 605 companies
in the Capital Markets industry
Industry Median: 48.7 vs JEF: 60.83

Jefferies Financial Group had a gross margin of 58.02% for the quarter that ended in Feb. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Jefferies Financial Group was 2.70% per year.


Jefferies Financial Group Gross Margin % Historical Data

The historical data trend for Jefferies Financial Group's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Jefferies Financial Group Gross Margin % Chart

Jefferies Financial Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Nov19 Nov20 Nov21 Nov22 Nov23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.19 47.80 51.62 52.75 60.61

Jefferies Financial Group Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.87 59.13 63.89 62.72 58.02

Competitive Comparison of Jefferies Financial Group's Gross Margin %

For the Capital Markets subindustry, Jefferies Financial Group's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Jefferies Financial Group's Gross Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Jefferies Financial Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Jefferies Financial Group's Gross Margin % falls into.



Jefferies Financial Group Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Jefferies Financial Group's Gross Margin for the fiscal year that ended in Nov. 2023 is calculated as

Gross Margin % (A: Nov. 2023 )=Gross Profit (A: Nov. 2023 ) / Revenue (A: Nov. 2023 )
=4510 / 7441.399
=(Revenue - Cost of Goods Sold) / Revenue
=(7441.399 - 2931.409) / 7441.399
=60.61 %

Jefferies Financial Group's Gross Margin for the quarter that ended in Feb. 2024 is calculated as


Gross Margin % (Q: Feb. 2024 )=Gross Profit (Q: Feb. 2024 ) / Revenue (Q: Feb. 2024 )
=1480.7 / 2551.942
=(Revenue - Cost of Goods Sold) / Revenue
=(2551.942 - 1071.212) / 2551.942
=58.02 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Jefferies Financial Group  (NYSE:JEF) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Jefferies Financial Group had a gross margin of 58.02% for the quarter that ended in Feb. 2024 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Jefferies Financial Group Gross Margin % Related Terms

Thank you for viewing the detailed overview of Jefferies Financial Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Jefferies Financial Group (Jefferies Financial Group) Business Description

Traded in Other Exchanges
Address
520 Madison Avenue, New York, NY, USA, 10022
Jefferies Financial Group Inc is a diversified financial services company. Its business consists of investment banking and capital markets (Jefferies Group), commercial mortgage banking (Berkadia), asset management (Leucadia Asset Management), and online platform for foreign exchange trading (FXCM), a real estate company (Homefed), and vehicle finance (Foursight Capital and Chrome Capital). The company is also involved in other businesses, such as oil and gas exploration, through JETX and Vitesse Energy; automobile dealerships, through Gargadia; fixed wireless broadband services, through Linkem; and gold and silver mining through Golden Queen, among others.
Executives
Joseph S Steinberg director, 10 percent owner, officer: President C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Mark Lawrence Cagno officer: VP and Co-Controller C/O JEFFERIES FINANCIAL GROUP INC., 520 MADISON AVENUE, NEW YORK NY 10022
Matthew Scott Larson officer: EVP, Co-CFO C/O JEFFERIES FINANCIAL GROUP INC., 520 MADISON AVENUE, NEW YORK NY 10022
Brian P Friedman director, officer: President
Rocco J Nittoli officer: Treasurer 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Thomas W Jones director ALTRIA GROUP INC, 6601 WEST BROAD STREET, RICHMOND VA 23230
O Kane Michael T director 80 HICKORY HILL BLVD, TOTOWA NJ 07512
Melissa Weiler director 399 PARK AVE 38TH FL, NEW YORK DC 10022
Matrice Ellis-kirk director C/O JEFFERIES FINANCIAL GROUP INC, 520 MADISON AVENUE, NEW YORK NY 10022
Stuart Harry Reese director
Barry J Alperin director C/O HENRY SCHEIN INC, 135 DURYEA RD, MELVILLE NY 11747
Jacob M Katz director C/O HERC HOLDINGS INC., 27500 RIVERVIEW CENTER BLVD., BONITA SPRINGS FL 34134
Maryanne Gilmartin director C/O JEFFERIES FINANCIAL GROUP INC., 520 MADISON AVE., NEW YORK NY 10022
John Merritt Dalton officer: Controller 520 MADISON AVE., NEW YORK NY 10022
Teresa S Gendron officer: Chief Financial Officer 520 MADISON AVE., C/O JEFFERIES FINANCIAL GROUP INC., NEW YORK NY 10022