Stifel Financial Corp. (SF-PD) Margin Analysis

Stifel Financial Corp.

SF-PD (NYSE)

(%)

Models
Stifel Financial Corp. Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Mar 10	2025 Dec 31	2024 Dec 31	2023 Dec 31	2022 Dec 31
Revenue	6,298	6,298	5,889	5,101	4,535
Revenue Growth Rate	0%	6.94%	15.45%	12.48%	-3.99%
Cost of Revenue	846.5	846.5	1,007	835.3	234.9
Gross Profit	5,451	5,451	4,882	4,266	4,300
Gross Margin	86.56%	86.56%	82.9%	83.62%	94.82%
Operating Income	871.1	871.1	928.4	706.7	885.1
Operating Margin	13.83%	13.83%	15.77%	13.85%	19.52%
Net Income	683.8	683.8	731.4	522.5	662.2
Net Margin	10.86%	10.86%	12.42%	10.24%	14.6%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Mar 10	2025 Dec 31	2024 Dec 31	2023 Dec 31	2022 Dec 31
Revenue	6,298	6,298	5,889	5,101	4,535
Cash from Operating Activities	1,055	1,264	490.4	499.3	1,157
Cash from Operating Activities Margin	16.76%	20.07%	8.33%	9.79%	25.52%
Free Cash Flow	993.3	1,202	416.6	447.4	1,075
Free Cash Flow Margin	15.77%	19.08%	7.07%	8.77%	23.71%
Depreciation and Amortization	148.6	68.06	85.97	81.46	70.21
Depreciation and Amortization Margin	2.36%	1.08%	1.46%	1.6%	1.55%
Capital Expenditure	-62.09	-62.09	-73.79	-51.98	-82.33
Capital Expenditure Margin	-0.986%	-0.986%	-1.25%	-1.02%	-1.81%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 94.82}, {"l": "2023", "x": "2023-12-31", "y": 83.62}, {"l": "2024", "x": "2024-12-31", "y": 82.9}, {"l": "2025", "x": "2025-12-31", "y": 86.56}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 19.52}, {"l": "2023", "x": "2023-12-31", "y": 13.85}, {"l": "2024", "x": "2024-12-31", "y": 15.77}, {"l": "2025", "x": "2025-12-31", "y": 13.83}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 14.6}, {"l": "2023", "x": "2023-12-31", "y": 10.24}, {"l": "2024", "x": "2024-12-31", "y": 12.42}, {"l": "2025", "x": "2025-12-31", "y": 10.86}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 23.71}, {"l": "2023", "x": "2023-12-31", "y": 8.77}, {"l": "2024", "x": "2024-12-31", "y": 7.08}, {"l": "2025", "x": "2025-12-31", "y": 19.08}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Dec 31	2025 (Q3) Sep 30	2025 (Q2) Jun 30	2025 (Q1) Mar 31	2024 (Q4) Dec 31	2024 (Q3) Sep 30
Revenue	1,753	1,619	1,474	1,452	1,576	1,460
Revenue Growth Rate	8.28%	9.83%	1.5%	-7.88%	8%
Cost of Revenue	192.3	213.5	215.1	225.6	240.1	256.5
Gross Profit	1,561	1,405	1,259	1,227	1,336	1,203
Gross Margin	89.03%	86.81%	85.4%	84.47%	84.77%	82.43%
Operating Income	307.9	286	213.8	63.36	266.2	216.7
Operating Margin	17.57%	17.67%	14.51%	4.36%	16.89%	14.84%
Net Income	264.4	211.4	155.1	52.99	244	158.5
Net Margin	15.08%	13.06%	10.52%	3.65%	15.48%	10.86%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Dec 31	2025 (Q3) Sep 30	2025 (Q2) Jun 30	2025 (Q1) Mar 31	2024 (Q4) Dec 31	2024 (Q3) Sep 30
Revenue	1,753	1,619	1,474	1,452	1,576	1,460
Cash from Operating Activities	320.8	338.3	607.5	-211.2	694.6	-71.33
Cash from Operating Activities Margin	18.3%	20.9%	41.22%	-14.54%	44.06%	-4.89%
Free Cash Flow	307.4	321.1	592.7	-227.8	677.2	-84.1
Free Cash Flow Margin	17.53%	19.84%	40.21%	-15.69%	42.95%	-5.76%
Depreciation and Amortization	86.2	21.14	20.81	20.41	20.77	20.99
Depreciation and Amortization Margin	4.92%	1.31%	1.41%	1.41%	1.32%	1.44%
Capital Expenditure	-13.48	-17.2	-14.83	-16.57	-17.43	-12.77
Capital Expenditure Margin	-0.769%	-1.06%	-1.01%	-1.14%	-1.11%	-0.875%

Quarterly Chart

Monetary values in USD

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