RJFRAYMOND JAMES FINANCIAL INC
Security Brokers, Dealers & Flotation Companies
- Revenue
- $15.9B
- 6.6% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $30.2B
- Employees
- 19,500
- $816K revenue each
- Net debt / EBITDA
- —
- −$9.0B net debt
- AI in 10-K
- 1.3
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo114% of net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo14% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo2% of assetsOver 40% of assets
- Shareholder dissentNo95% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeYes$816K · 22nd pctBottom quartile of its SIC industry
- Quiet on AINo1.3 per 10K words · 42nd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$30.2B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$30M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $9.9B | $11.3B | $13.0B | $14.9B | $15.9B | 6.6% |
| Net income | $1.4B | $1.5B | $1.7B | $2.1B | $2.1B | 3.2% |
| Operating cash flow | $6.6B | $72M | −$3.5B | $2.2B | $2.4B | 13% |
| Capex | $74M | $91M | $173M | $205M | $188M | 8.3% |
| Stock-based comp | $132M | $192M | $237M | $254M | $254M | 0.0% |
| Buybacks | $128M | — | — | — | — | |
| Dividends | $218M | — | — | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $30M · 8
- Net
- −$30M
Pay vs performance
No pay-versus-performance disclosure yet.