Stifel Financial Past Earnings Performance
Past criteria checks 4/6
Stifel Financial's earnings have been declining at an average annual rate of -1.6%, while the Capital Markets industry saw earnings growing at 5.8% annually. Revenues have been growing at an average rate of 4.6% per year. Stifel Financial's return on equity is 14.7%, and it has net margins of 14.9%.
Key information
-1.57%
Earnings growth rate
-0.53%
EPS growth rate
| Capital Markets Industry Growth | 10.26% |
| Revenue growth rate | 4.64% |
| Return on equity | 14.74% |
| Net Margin | 14.90% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 10
SF: Ongoing Buybacks And Project Finance Expansion Will Support Future Returns
Analysts have increased their price target on Stifel Financial by $0.50 to $87.75. This change reflects updated assumptions for revenue growth, profit margins and future P/E multiples.Narrative Update • Apr 25
SF: Ongoing Buybacks And Rising Margin Outlook Will Support Future Returns
Analysts trimmed their price target on Stifel Financial by $1, from $88.25 to $87.25, reflecting updated assumptions for slightly higher discount rates, more conservative revenue growth, a higher profit margin outlook, and a modestly lower future P/E. What's in the News From January 1, 2026 to March 31, 2026, Stifel Financial repurchased 2,793,000 shares, representing 1.83% of shares, for US$0.22 million under the long running buyback program announced on May 6, 2005 (Key Developments).Seeking Alpha • Apr 22
Stifel Financial: IB Leads The Way Despite March Dealmaking Snag
Summary Stifel Financial Corp. had decent results from pro-volatility businesses but even better results from businesses otherwise more threatened by the dealmaking slump. There may be some pause after Q1 in biotech depositories, but the decent market environment despite the Iran War may not threaten capital raising and industrial advisory too much. Growth should still be possible, though we wouldn't be surprised by some deceleration, even if overall dealmaking is supposed to have recovered, possibly driven by large tickets, though. But SF’s business mix and valuation closely mirror Raymond James, offering limited relative value at just above 13x earnings. It has shown it can be inured from developments that hurt businesses more representative of the overall capital market and financial services industry in the US, which is good. Read the full article on Seeking AlphaNarrative Update • Apr 11
SF: Buybacks And Dividend Policy Will Support Returns Despite ERISA Headwinds
Analysts have trimmed their price target for Stifel Financial to $88.25 from about $94.04 as they factor in slightly lower revenue growth and profit margin assumptions, along with a modestly higher future P/E outlook. What's in the News Sanford Heisler Sharp McKnight filed an ERISA class action complaint alleging mismanagement of Stifel Financial Corp.'s 401(k) plan, focusing on the continued use of two funds that are claimed to have shown long term underperformance versus their benchmarks, with alleged retirement savings impact for plan participants and beneficiaries.Narrative Update • Mar 27
SF: Buybacks And Dividend Policy Will Support Returns Despite ERISA Class Action
Analysts have nudged their price target on Stifel Financial slightly higher to $94.04 from $93.88. This change reflects small adjustments to fair value estimates, discount rate assumptions, and projected future P/E.Narrative Update • Mar 13
SF: Buybacks And Dividend Policy Will Support Returns Despite ERISA Lawsuit
Analysts have adjusted their price target on Stifel Financial from $140.75 to about $93.88, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E that are broadly in line with prior estimates. What's in the News Sanford Heisler Sharp McKnight filed an ERISA class action Complaint in the U.S. District Court for the Eastern District of Missouri alleging mismanagement of the Stifel Financial Profit Sharing 401(k) Plan, including claims that two growth funds were kept in the plan despite long periods of underperformance versus their benchmarks, which the Complaint says reduced retirement savings for participants.
New Narrative • Mar 04
Recruiting Costs And Credit Risks Will Test Wealth Management Ambitions Yet Longer Term Potential Emerges
Catalysts About Stifel Financial Stifel Financial is a diversified financial services firm focused on Global Wealth Management and institutional investment banking and capital markets. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 26
SF: Buybacks And Dividend Will Support Future Returns Despite ERISA Lawsuit
Analysts have kept their price target for Stifel Financial broadly steady at $140.75, with updated assumptions around discount rate, revenue growth and future P/E suggesting only fine tuning of their valuation framework rather than a major shift in view. What's in the News Sanford Heisler Sharp McKnight filed an ERISA class action complaint in the U.S. District Court for the Eastern District of Missouri alleging mismanagement of the Stifel Financial Profit Sharing 401(k) Plan, including claims that two investment funds were retained in the plan despite long periods of underperformance versus their benchmarks.Narrative Update • Feb 10
SF: Buybacks And Dividend Growth Will Support Fair Future Returns
Analysts have nudged their price target on Stifel Financial higher from US$139.75 to US$140.75, citing updated assumptions that combine a slightly lower discount rate and modestly higher revenue growth with a revised profit margin outlook and a higher future P/E multiple. What's in the News From October 1, 2025 to December 31, 2025, Stifel Financial repurchased 335,000 shares, representing 0.33% of its shares, for US$39.04 million under its ongoing buyback program (Key Developments).Analysis Article • Jan 31
Stifel Financial (NYSE:SF) Has Announced That It Will Be Increasing Its Dividend To $0.51
The board of Stifel Financial Corp. ( NYSE:SF ) has announced that it will be paying its dividend of $0.51 on the 16th...Narrative Update • Jan 27
SF: Higher Margin Assumptions And Lower P/E Will Support Fair Future Returns
Analysts have raised their price target on Stifel Financial to $139.75 from $137.50, citing updated views on fair value, discount rate, profit margin assumptions, and future P/E expectations. Valuation Changes Fair Value: updated slightly higher to $139.75 from $137.50, a move of about $2.25.Narrative Update • Jan 12
SF: Buybacks And Stable Margins Will Support Fairly Valued Future Returns
Analysts have adjusted their price target on Stifel Financial to US$137.50 from US$132.38, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News From July 1, 2025 to September 30, 2025, Stifel Financial repurchased 274,900 shares for US$31.24 million, representing 0.27% of the company.Narrative Update • Dec 20
SF: Ongoing Buybacks Will Support Future Returns Amid Steady Margin Outlook
Analysts modestly raised their price target on Stifel Financial to approximately $132.38 from about $129.86, citing slightly stronger expected revenue growth, improved profit margins, and a marginally lower discount rate that more than offset a small reduction in assumed future valuation multiples. What's in the News Completed a long-running share repurchase program, buying back a total of 48.1 million shares, or about 66.5% of the authorized amount, since the original buyback announcement in May 2005 (company disclosure) During the quarter from July 1, 2025 to September 30, 2025, repurchased 274,900 shares, equivalent to roughly 0.27% of shares outstanding, for $31.24 million (company disclosure) Valuation Changes Fair Value Estimate has risen slightly to about $132.38 from roughly $129.86, reflecting a modest upward revision in intrinsic value.Narrative Update • Dec 05
SF: Ongoing Buybacks Will Support Steady Returns Amid Balanced Outlook
Analysts have modestly trimmed their price target on Stifel Financial, reducing fair value by about $1.52 to approximately $129.86. They cite slightly higher discount rate assumptions and marginally softer long term revenue growth expectations, partially offset by a small improvement in projected profit margins and a near steady future earnings multiple.Narrative Update • Nov 21
SF: Ongoing Share Repurchases Will Drive Stronger Performance In The Years Ahead
Analysts have slightly lowered their price target for Stifel Financial, adjusting it down by $0.00 to reflect minor revisions in the discount rate and future price-to-earnings ratio. This change is attributed to modest updates to valuation assumptions.Narrative Update • Nov 07
SF: Share Repurchases And Margin Pressures Will Shape Future Performance
Analysts have modestly reduced their price target for Stifel Financial from $132.00 to $131.38. They cite lower projected revenue growth, compressed profit margins, and a higher expected future P/E ratio in their updated outlook.Narrative Update • Oct 23
Share Repurchases And Profitability Improvements Will Drive Future Wealth Management Transformation
Narrative Update: Stifel Financial Price Target Raised Analysts have increased their price target for Stifel Financial from $125.43 to $132.00. They cite improved revenue growth forecasts and stronger projected profit margins as reasons for the adjustment.Narrative Update • Oct 08
Recruitment Drive And Technology Investments Will Reshape Global Wealth Management
Narrative Update on Stifel Financial: Analyst Price Target Adjustment Analysts have slightly lowered their price target for Stifel Financial from $126.83 to $125.43. This change reflects updated assumptions around revenue growth, profit margins, and discount rates.Seeking Alpha • Oct 24
Stifel Financial: Good Results, Positive Outlook
Summary Stifel Financial's Q3 2024 financial performance was decent with a +2% revenue beat and in-line adjusted earnings. SF's FY 2023-2025 EPS CAGR could be as good as +30.7% based on expectations of a $8 per share bottom line for the next year. I stick with a Buy rating for Stifel Financial, as the stock is undervalued based on the Price-to-Earnings Growth or PEG metric. Read the full article on Seeking Alpha
New Narrative • Aug 25
Strategic Debt Reduction And Diversification Fueling Revenue And Profit Surge
Stifel Financial's diversification and strategic investments in institutional and global wealth management are expected to drive future revenue growth and profitability.Seeking Alpha • Jul 25
Stifel Financial: Good Q2 Performance Keeps Me Bullish
Summary Stifel Financial's Q2 2024 top line was better than the consensus forecast, due to higher-than-expected investment banking advisory revenue and fixed income transactional revenue. SF is guiding for a high-single digit percentage increase in its net revenues and a 3.2 percentage points improvement in its non-compensation operating costs-to-revenue ratio for FY 2024. I remain bullish on Stifel Financial stock; SF's Q2 results were strong, and its attractive Price-to-Earnings Growth or PEG ratio suggests that the stock is still undervalued. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Stifel Financial makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 5,670 | 845 | 3,699 | 0 |
| 31 Dec 25 | 5,491 | 646 | 3,590 | 0 |
| 30 Sep 25 | 5,293 | 626 | 3,482 | 0 |
| 30 Jun 25 | 5,092 | 573 | 3,354 | 0 |
| 31 Mar 25 | 5,031 | 584 | 3,302 | 0 |
| 31 Dec 24 | 4,945 | 694 | 3,246 | 0 |
| 30 Sep 24 | 4,736 | 613 | 3,119 | 0 |
| 30 Jun 24 | 4,552 | 522 | 3,025 | 0 |
| 31 Mar 24 | 4,380 | 491 | 2,901 | 0 |
| 31 Dec 23 | 4,324 | 485 | 2,862 | 0 |
| 30 Sep 23 | 4,295 | 499 | 2,845 | 0 |
| 30 Jun 23 | 4,299 | 582 | 2,815 | 0 |
| 31 Mar 23 | 4,352 | 609 | 2,843 | 0 |
| 31 Dec 22 | 4,358 | 625 | 2,860 | 0 |
| 30 Sep 22 | 4,542 | 710 | 2,971 | 0 |
| 30 Jun 22 | 4,649 | 750 | 3,027 | 0 |
| 31 Mar 22 | 4,717 | 789 | 3,062 | 0 |
| 31 Dec 21 | 4,749 | 789 | 3,084 | 0 |
| 30 Sep 21 | 4,508 | 718 | 2,947 | 0 |
| 30 Jun 21 | 4,247 | 646 | 2,804 | 0 |
| 31 Mar 21 | 3,961 | 559 | 2,644 | 0 |
| 31 Dec 20 | 3,718 | 476 | 2,524 | 0 |
| 30 Sep 20 | 3,577 | 421 | 2,451 | 0 |
| 30 Jun 20 | 3,513 | 415 | 2,384 | 0 |
| 31 Mar 20 | 3,435 | 416 | 2,315 | 0 |
| 31 Dec 19 | 3,327 | 431 | 2,189 | 0 |
| 30 Sep 19 | 3,181 | 417 | 2,092 | 0 |
| 30 Jun 19 | 3,098 | 414 | 2,027 | 0 |
| 31 Mar 19 | 3,043 | 395 | 1,995 | 0 |
| 31 Dec 18 | 3,007 | 385 | 1,976 | 0 |
| 30 Sep 18 | 3,036 | 269 | 2,149 | 0 |
| 30 Jun 18 | 3,018 | 231 | 2,192 | 0 |
| 31 Mar 18 | 3,001 | 197 | 2,208 | 0 |
| 31 Dec 17 | 2,926 | 173 | 2,182 | 0 |
| 30 Sep 17 | 2,778 | 202 | 1,921 | 0 |
| 30 Jun 17 | 2,699 | 154 | 1,912 | 0 |
| 31 Mar 17 | 2,625 | 114 | 1,919 | 0 |
| 31 Dec 16 | 2,575 | 78 | 1,899 | 0 |
| 30 Sep 16 | 2,495 | 64 | 1,921 | 0 |
| 30 Jun 16 | 2,445 | 65 | 1,881 | 0 |
| 31 Mar 16 | 2,391 | 76 | 1,821 | 0 |
| 31 Dec 15 | 2,332 | 92 | 1,753 | 0 |
| 30 Sep 15 | 2,328 | 127 | 1,712 | 0 |
| 30 Jun 15 | 2,260 | 152 | 1,627 | 0 |
Quality Earnings: SF has high quality earnings.
Growing Profit Margin: SF's current net profit margins (14.9%) are higher than last year (11.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SF's earnings have declined by 1.6% per year over the past 5 years.
Accelerating Growth: SF's earnings growth over the past year (44.8%) exceeds its 5-year average (-1.6% per year).
Earnings vs Industry: SF earnings growth over the past year (44.8%) exceeded the Capital Markets industry 26.9%.
Return on Equity
High ROE: SF's Return on Equity (14.7%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/11 11:28 |
| End of Day Share Price | 2026/05/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Stifel Financial Corp. is covered by 20 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brennan Hawken | BMO Capital Markets Equity Research |
| null null | BMO Capital Markets Equity Research |
| Michael Davitt | BofA Global Research |