Stifel
Stifel's revenue rose 6.7% to $6.3 billion in fiscal 2025. Net income was $684 million, down 6.5%. Its return on equity was 11.7%, down from 13.3% a year earlier. Its efficiency ratio was 73.4%, up from 67.9% a year earlier. It paid out $245 million in dividends and buybacks. The diluted share count fell 0.8%.
Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.
Charts show fiscal years, from the 10-K filings.
Revenue and returns
Net income and earnings per share
From fiscal 2016 to 2025, earnings per share grew 27.3% a year and net income 26.7% a year, as buybacks cut the share count by 5%.
Efficiency and income mix
Payouts and share count
Valuation
Value Stifel yourself from its earnings. A bank's cash flow is mostly the money it lends and takes in, so the cash flow model on other company pages doesn't suit it.
Price-to-earnings (P/E) method
Another common way to value a company is to multiply its earnings per share by a price-to-earnings (P/E) multiple: the number of years of today's earnings an investor pays for a share. A higher multiple usually means investors expect earnings to grow. Choose a multiple, for example from similar companies, to see the value it gives.
Value per share on three example scenarios, from Stifel's earnings per share of $5.59 (over the last four quarters). Each grows earnings for a year at the cash flow scenarios' rates and applies a multiple to next year's earnings: 13.8×, the middle of Stifel's own P/E today, its peers' median and its sector's median (the Financials median) for the base scenario, 20% less and more for the cautious and optimistic ones. The price is brought back a year at 12%, 11% and 10%. Select one to load it into the calculator. These are the model's arithmetic on those assumptions, not a forecast or a price target.
- Last close, October 26, 2026
- $66.52
- Value at this multiple, against the last close
- —
- Stifel's P/E at the last close
- 11.9×
| Company | Last close | Earnings per share | P/E today |
|---|---|---|---|
| Freedom HoldingFRHC | $174.04 | $2.53 | 68.8× |
| Charles SchwabSCHW | $89.73 | $5.49 | 16.3× |
| Goldman SachsGS | $893.28 | $64.77 | 13.8× |
| Raymond James FinancialRJF | $158.07 | $11.47 | 13.8× |
| StifelSF | $66.52 | $5.59 | 11.9× |
Balance sheet
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | — | — | — | — | — |
| Deposits | 23,280 | 27,117 | 27,335 | 29,102 | 29,752 |
| Loans to deposits | — | — | — | — | — |
| Provision for credit losses | −12 | 34 | 25 | 25 | 40 |
| Provision to average loans | — | — | — | — | — |
| Total assets | 34,050 | 37,196 | 37,728 | 39,896 | 41,271 |
| Shareholders' equity | 5,035 | 5,328 | 5,294 | 5,687 | 5,977 |
Insider trades
Over the 12 months between October 27, 2025 and October 26, 2026, no insider bought Stifel shares on the open market, and 3 insiders sold $423,072.
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 23, 2026 | Maryam S. BrownDirector | Sold | 4,700 | $79.20 | $372,233 | Form 4 |
| Feb 2, 2026 | David RubulottaCo-Head Fixed Inc Cap Mkts | Sold | 400 | $124.31 | $49,724 | Form 4 |
| Jan 29, 2026 | James M ZemlyakPresident | Sold | 9 | $123.90 | $1,115 | Form 4 |
Compare
Put Stifel side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.
Similar companies
| Company | Year | Revenue growth | Net margin | Return on equity | Return on tangible equity | Efficiency ratio | Compare |
|---|---|---|---|---|---|---|---|
| Stifel | FY25 | 6.7% | 10.8% | 11.7% | 17.9% | 73.4% | |
| Raymond James Financial | FY25 | 6.6% | 13.4% | 17.7% | 21.0% | 71.3% | Compare |
| Freedom Holding | FY26 | 9.3% | 7.0% | 11.3% | 12.3% | — | Compare |
| Charles Schwab | FY25 | 22.0% | 37.0% | 18.1% | 39.2% | 52.1% | Compare |
| Goldman Sachs | FY25 | 8.9% | 29.5% | 13.9% | 15.9% | 64.4% | Compare |
10 years of figures
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | 2,642 | 2,996 | 3,195 | 3,515 | 3,818 | 4,783 | 4,593 | 5,159 | 5,952 | 6,348 |
| Revenue growth | 11.2% | 13.4% | 6.6% | 10.0% | 8.6% | 25.3% | −4.0% | 12.3% | 15.4% | 6.7% |
| Net interest income | — | — | — | — | — | — | — | — | — | — |
| Noninterest income | — | — | — | — | — | — | — | — | — | — |
| Noninterest expense | 2,433 | 2,657 | 2,490 | 2,738 | 3,101 | 3,670 | 3,506 | 3,642 | 4,042 | 4,659 |
| Provision for credit losses | 18 | 26 | 20 | 11 | 34 | −12 | 34 | 25 | 25 | 40 |
| Net income | 82 | 183 | 394 | 448 | 504 | 825 | 662 | 522 | 731 | 684 |
| Diluted EPS (US$) | 0.67 | 1.43 | 3.15 | 3.66 | 4.16 | 6.66 | 5.32 | 4.28 | 6.25 | 5.87 |
| Diluted shares (millions) | 116 | 122 | 122 | 118 | 115 | 118 | 118 | 114 | 111 | 110 |
| Payouts | ||||||||||
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share buybacks | 114 | 13 | 170 | 215 | 58 | 173 | 106 | 444 | 144 | 245 |
| Balance sheet at fiscal year end | ||||||||||
| Loans, net | 5,591 | 6,948 | 8,518 | — | — | — | — | — | — | — |
| Deposits | 11,528 | 13,412 | 15,864 | 15,333 | 17,396 | 23,280 | 27,117 | 27,335 | 29,102 | 29,752 |
| Total assets | 19,129 | 21,384 | 24,520 | 24,610 | 26,604 | 34,050 | 37,196 | 37,728 | 39,896 | 41,271 |
| Shareholders' equity | 2,738 | 2,862 | 3,168 | 3,615 | 4,239 | 5,035 | 5,328 | 5,294 | 5,687 | 5,977 |
| Ratios | ||||||||||
| Return on equity | 3.1% | 6.5% | 13.1% | 13.2% | 12.8% | 17.8% | 12.8% | 9.8% | 13.3% | 11.7% |
| Return on tangible common equity | 5.1% | 11.3% | 22.5% | 22.6% | 22.0% | 29.9% | 20.6% | 15.5% | 21.1% | 17.9% |
| Return on assets | 0.5% | 0.9% | 1.7% | 1.8% | 2.0% | 2.7% | 1.9% | 1.4% | 1.9% | 1.7% |
| Efficiency ratio | 92.1% | 88.7% | 78.0% | 77.9% | 81.2% | 76.7% | 76.3% | 70.6% | 67.9% | 73.4% |