BLK vs. JEF: BlackRock vs. Jefferies Stock Comparison

November 11, 2026

How do BlackRock (BLK) and Jefferies (JEF) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

BlackRock (BLK) and Jefferies (JEF) both belong to the Capital Markets industry, though BLK is classified under Asset Management & Custody Banks while JEF falls under Investment Banking & Brokerage.

Company profile comparison for BlackRock (BLK) and Jefferies (JEF)
Profile Item	BLK	JEF
Name	BlackRock, Inc.	Jefferies Financial Group Inc.
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Capital Markets	Capital Markets
GICS Sub-Industry	Asset Management & Custody Banks	Investment Banking & Brokerage
Market Capitalization	182.05 billion USD	10.88 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 1, 1999	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

BLK

JEF

GSPC

BlackRock (BLK) vs. Jefferies (JEF), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for BlackRock (BLK) and Jefferies (JEF). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BlackRock (BLK) and Jefferies (JEF). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BlackRock (BLK) and Jefferies (JEF)
Metric	BLK	JEF
Total Return (1Y)	15.55%	-6.26%
Total Return (3Y, Annualized)	26.16%	17.02%
Total Return (5Y, Annualized)	7.41%	7.20%

Risk Profile

Drawdown History

BLK

JEF

GSPC

BlackRock (BLK) vs. Jefferies (JEF), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for BlackRock (BLK) and Jefferies (JEF). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BlackRock (BLK) and Jefferies (JEF)
Metric	BLK	JEF
Volatility (1Y, Annualized)	28.45%	41.25%
Beta (5Y)	1.34	1.49
Max Drawdown (5Y)	-43.90%	-54.39%
Avg. Volume (3M)	600.75K	2.20M

Risk-Adjusted Performance

Risk-Return Positioning

BLK and JEF are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for BlackRock (BLK) and Jefferies (JEF)
Metric	BLK	JEF
Sharpe Ratio (1Y)	0.40	-0.26
Sortino Ratio (1Y)	0.58	-0.33

Profitability

ROE (TTM)

Both BlackRock (BLK) at 11.61% and Jefferies (JEF) at 8.59% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

BLK

Financial Services industry group

11.61%

Max: 44.78%
Q3: 21.85%
Median: 12.91%
BLK: 11.61%
Q1: 4.48%
Min: -18.71%

JEF

Financial Services industry group

8.59%

Max: 44.78%
Q3: 21.85%
Median: 12.91%
JEF: 8.59%
Q1: 4.48%
Min: -18.71%

BlackRock (BLK) vs. Jefferies (JEF): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both BlackRock (BLK) at 24.22% and Jefferies (JEF) at 11.00% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

BLK

Financial Services industry group

24.22%

Max: 62.84%
Q3: 28.05%
BLK: 24.22%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

JEF

Financial Services industry group

11.00%

Max: 62.84%
Q3: 28.05%
Median: 15.36%
JEF: 11.00%
Q1: 4.82%
Min: -28.52%

BlackRock (BLK) vs. Jefferies (JEF): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both BlackRock (BLK) at 37.90% and Jefferies (JEF) at 15.80% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

BLK

Financial Services industry group

37.90%

Max: 107.33%
Q3: 55.90%
BLK: 37.90%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

JEF

Financial Services industry group

15.80%

Max: 107.33%
Q3: 55.90%
Median: 30.09%
JEF: 15.80%
Q1: 14.60%
Min: -44.34%

BlackRock (BLK) vs. Jefferies (JEF): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for BlackRock (BLK) and Jefferies (JEF)
Metric	BLK	JEF
ROE (TTM)	11.61%	8.59%
ROA (TTM)	3.85%	1.21%
Net Margin (TTM)	24.22%	11.00%
Operating Margin (TTM)	37.90%	15.80%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both BlackRock (BLK) at 18.67% and Jefferies (JEF) at 2.93% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

BlackRock (BLK) vs. Jefferies (JEF): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both BlackRock (BLK) at -15.95% and Jefferies (JEF) at -5.35% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

BlackRock (BLK) vs. Jefferies (JEF): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for BlackRock (BLK) and Jefferies (JEF)
Metric	BLK	JEF
Revenue Growth (YoY)	18.67%	2.93%
Revenue Growth (3Y CAGR)	10.65%	14.83%
EPS Growth (YoY)	-15.95%	-5.35%
EPS Growth (3Y CAGR)	1.30%	-2.57%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: BlackRock (BLK) in Financial Services and Jefferies (JEF) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: BlackRock (BLK) in Financial Services and Jefferies (JEF) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for BlackRock (BLK) and Jefferies (JEF)
Metric	BLK	JEF
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Both BlackRock (BLK) at 1.91% and Jefferies (JEF) at 3.29% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

BLK

Financial Services industry group

1.91%

Max: 9.77%
Q3: 3.92%
BLK: 1.91%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

JEF

Financial Services industry group

3.29%

Max: 9.77%
Q3: 3.92%
JEF: 3.29%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

BlackRock (BLK) vs. Jefferies (JEF): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both BlackRock (BLK) at 51.00% and Jefferies (JEF) at 42.67% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

BLK

Financial Services industry group

51.00%

Max: 241.07%
Q3: 97.36%
BLK: 51.00%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

JEF

Financial Services industry group

42.67%

Max: 241.07%
Q3: 97.36%
JEF: 42.67%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

BlackRock (BLK) vs. Jefferies (JEF): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for BlackRock (BLK) and Jefferies (JEF)
Metric	BLK	JEF
Dividend Yield (TTM)	1.91%	3.29%
Dividend Payout Ratio (TTM)	51.00%	42.67%

Valuation

P/E Ratio (TTM)

Jefferies (JEF) at 12.63 is near its industry’s usual P/E ratio, while BlackRock (BLK) at 26.84 sits in the richer quartile — BLK needs stronger growth or earnings quality to justify the premium.

BLK

Financial Services industry group

26.84

Max: 45.85
BLK: 26.84
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

JEF

Financial Services industry group

12.63

Max: 45.85
Q3: 24.64
Median: 15.37
JEF: 12.63
Q1: 9.68
Min: 0.16

BlackRock (BLK) vs. Jefferies (JEF): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Jefferies (JEF) at 1.28 is priced about in line with its industry on P/S ratio, while BlackRock (BLK) at 6.38 sits in the pricier quartile — BLK costs more per dollar of sales.

BLK

Financial Services industry group

6.38

Max: 9.23
BLK: 6.38
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

JEF

Financial Services industry group

1.28

Max: 9.23
Q3: 4.57
Median: 2.72
JEF: 1.28
Q1: 1.28
Min: -0.55

BlackRock (BLK) vs. Jefferies (JEF): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both BlackRock (BLK) at 3.14 and Jefferies (JEF) at 1.02 are valued close to their industries’ norm against book — neither stands out from peers.

BLK

Financial Services industry group

3.14

Max: 7.79
Q3: 3.63
BLK: 3.14
Median: 1.57
Q1: 0.81
Min: -0.39

JEF

Financial Services industry group

1.02

Max: 7.79
Q3: 3.63
Median: 1.57
JEF: 1.02
Q1: 0.81
Min: -0.39

BlackRock (BLK) vs. Jefferies (JEF): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for BlackRock (BLK) and Jefferies (JEF)
Metric	BLK	JEF
P/E Ratio (TTM)	26.84	12.63
P/S Ratio (TTM)	6.38	1.28
P/B Ratio (MRQ)	3.14	1.02
Free Cash Flow Yield (TTM)	--	--