TORVANTA
Financials · S&P 500 · data as of 2026-10-05

RJF stock analysis: Raymond James

Raymond James (RJF) is an S&P 500 company in Investment Banking & Brokerage. It grades weakest on profitability and growth.

The model's view of RJF · subscribers

Where RJF ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with RJF · updated 2026-10-05 · from prices and SEC filings

RJF price performance

RJF against the S&P 500, one year
-20%+0%+20%S&P 500 +18%RJF -7%2025-09-292026-10-05
Year to date+1.5%S&P 500 +14.5% · behind by 13.0 pts
1 year-2.3%S&P 500 +17.0% · behind by 19.3 pts
3 years+70.6%S&P 500 +89.3% · behind by 18.7 pts
5 years+82.8%S&P 500 +91.3% · behind by 8.5 pts

Total returns with dividends reinvested.

RJF factor grades

Each grade compares RJF with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

CValueP/E 14.0x (industry 17.8x)FCF yield 4.7% (industry 5.5%)
C-GrowthRevenue growth +8% (industry +20%)EPS growth +13% (industry +23%)
C-Profitability
C+Momentum12-month change -2%From 52-wk high -11%

RJF in plain numbers

RJF key statistics

SectorFinancials
IndustryInvestment Banking & Brokerage
IndexS&P 500
Market value$30.9B
Revenue growth (y/y)+8%
Free-cash-flow yield4.7%
Dividend yield1.3%
Next earnings (expected)2026-10-21
Valuation measures
Market value$30.9B
Enterprise value$21.0B
P/E (trailing)14.0x
Forward P/E (Torvanta estimate)12.5x
PEG (Torvanta estimate)1.06
Price / sales1.8x
Price / book2.4x
EV / revenue1.2x
Financial highlights
Revenue, last 12 months$17.0B
Net income, last 12 months$2.3B
EPS, last 12 months (GAAP)$11.47
Net margin13.6%
Return on equity18.5%
Cash$10.0B
Free cash flow, last 12 months$1.4B

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

RJF earnings trends

Revenue vs earnings
$0$1.1B$2.2B$3.3B$4.4BSep 2024 Revenue: $4.0BDec 2024 Revenue: $4.0BMar 2025 Revenue: $3.8BJun 2025 Revenue: $3.8BSep 2025 Revenue: $4.2BDec 2025 Revenue: $4.2BMar 2026 Revenue: $4.3BJun 2026 Revenue: $4.4BSep 2024 Net income: $602.0MDec 2024 Net income: $600.0MMar 2025 Net income: $495.0MJun 2025 Net income: $436.0MSep 2025 Net income: $604.0MDec 2025 Net income: $563.0MMar 2026 Net income: $544.0MJun 2026 Net income: $595.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 15.0%Net margin: 14.9%Net margin: 12.9%Net margin: 11.3%Net margin: 14.4%Net margin: 13.5%Net margin: 12.8%Net margin: 13.6%0%8%15%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.8$1.5$2.3$3.0Sep 2024 EPS (GAAP, diluted): $2.9Dec 2024 EPS (GAAP, diluted): $2.9Mar 2025 EPS (GAAP, diluted): $2.4Jun 2025 EPS (GAAP, diluted): $2.1Sep 2025 EPS (GAAP, diluted): $3.0Dec 2025 EPS (GAAP, diluted): $2.8Mar 2026 EPS (GAAP, diluted): $2.7Jun 2026 EPS (GAAP, diluted): $3.0Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +4% · Dec 2025 -2% · Mar 2026 +15% · Jun 2026 +42%

From the company's 10-Q and 10-K filings with the SEC.

Raymond James financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$9.9B$11.3B$13.0B$14.9B$15.9B
Net income$1.4B$1.5B$1.7B$2.1B$2.1B
EPS (GAAP)$6.63$6.99$7.96$9.70$10.29
Free cash flow$6.5B-$19.0M-$3.7B$1.9B$2.2B

RJF earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-22$3.01+42%+14%+0.3%
2026-04-22$2.72+15%+11%-1.4%
2026-01-28$2.79-2%+3%-0.6%
2025-10-22$2.95+4%+5%-0.5%
2025-07-23$2.12-8%+2%+3.0%
2025-04-23$2.36+6%+6%-1.8%

About Raymond James

HeadquartersSt Petersburg, FL
Industry (SEC code)Security Brokers, Dealers & Flotation Companies
Fiscal year endsSeptember 30
Incorporated inFL
Listed onNYSE

From the company's SEC registration record.

Companies similar to RJF

CompanyMarket valueP/ERevenue growthOperating margin12-month change
RJF Raymond James$30.9B14.0x+8%n/a-2%
IBKR Interactive Brokers$40.1B35.5x+22%n/a+27%compare
HOOD Robinhood$104.1B50.3x+38%n/a-23%compare
SCHW Charles Schwab$169.4B17.8x+20%n/a+5%compare
GS Goldman Sachs$260.2B13.8xn/a0.0%+15%
MS Morgan Stanleyn/an/a-34%0.0%+23%

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Frequently asked questions

Is RJF stock a buy?

Torvanta does not tell individuals what to buy. Its grades for RJF are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is RJF's P/E ratio?

RJF trades at about 14.0 times its last 12 months of GAAP earnings reported to the SEC, and about 12.5 times Torvanta's own estimate of the next 12 months.

When does RJF report earnings next?

Based on its filing history, Torvanta expects Raymond James to report around 2026-10-21.

Does RJF pay a dividend?

Yes. Its dividend yield is about 1.3%, and it has raised its dividend 1 years in a row.

How has RJF performed against the S&P 500?

Over the past year RJF returned -2.3%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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