JEF vs. BRO

Last updated Apr 2, 2026

Compare and contrast key facts about Jefferies Financial Group Inc. (JEF) and Brown & Brown, Inc. (BRO).

Performance

JEF vs. BRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jefferies Financial Group Inc. (JEF) and Brown & Brown, Inc. (BRO). The values are adjusted to include any dividend payments, if applicable.

JEF vs. BRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JEF Jefferies Financial Group Inc.	-32.76%	-18.78%	98.84%	27.74%	-8.46%	61.95%	19.00%	44.18%	-33.15%	15.42%
BRO Brown & Brown, Inc.	-19.01%	-21.37%	44.32%	25.73%	-18.39%	49.31%	21.06%	44.67%	8.30%	16.15%

Fundamentals

EPS JEF : $4.33 BRO : $3.28
PE Ratio JEF : 9.55 BRO : 19.65
PEG Ratio JEF : 0.69 BRO : 1.47
PS Ratio JEF : 0.61 BRO : 3.50
Total Revenue (TTM) JEF : $11.22B BRO : $5.91B
Gross Profit (TTM) JEF : $6.66B BRO : $3.52B
EBITDA (TTM) JEF : $1.12B BRO : $2.05B

Returns By Period

In the year-to-date period, JEF achieves a -32.76% return, which is significantly lower than BRO's -19.01% return. Both investments have delivered pretty close results over the past 10 years, with JEF having a 14.69% annualized return and BRO not far ahead at 14.72%.

JEF

• 1D: 0.22%
• 1M: -9.24%
• YTD: -32.76%
• 6M: -33.89%
• 1Y: -20.48%
• 3Y*: 12.44%
• 5Y*: 10.57%
• 10Y*: 14.69%

BRO

• 1D: -1.24%
• 1M: -11.00%
• YTD: -19.01%
• 6M: -30.27%
• 1Y: -47.73%
• 3Y*: 4.59%
• 5Y*: 7.45%
• 10Y*: 14.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

JEF vs. BRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JEF

JEF Risk / Return Rank: 23
JEF Sharpe Ratio Rank: 22
JEF Sortino Ratio Rank: 22
JEF Omega Ratio Rank: 22
JEF Calmar Ratio Rank: 27
JEF Martin Ratio Rank: 20

BRO

BRO Risk / Return Rank: 2
BRO Sharpe Ratio Rank: 0
BRO Sortino Ratio Rank: 1
BRO Omega Ratio Rank: 1
BRO Calmar Ratio Rank: 2
BRO Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JEF vs. BRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jefferies Financial Group Inc. (JEF) and Brown & Brown, Inc. (BRO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	JEF	BRO	Difference
Sharpe ratio Return per unit of total volatility	-0.43	-1.70	+1.28
Sortino ratio Return per unit of downside risk	-0.30	-2.49	+2.19
Omega ratio Gain probability vs. loss probability	0.96	0.66	+0.30
Calmar ratio Return relative to maximum drawdown	-0.43	-0.98	+0.56
Martin ratio Return relative to average drawdown	-1.10	-1.63	+0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEF vs. BRO - Sharpe Ratio Comparison

The current JEF Sharpe Ratio is -0.43, which is higher than the BRO Sharpe Ratio of -1.70. The chart below compares the historical Sharpe Ratios of JEF and BRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JEF	BRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.43	-1.70	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.31	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.63	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.52	-0.10

Correlation

The correlation between JEF and BRO is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

JEF vs. BRO - Dividend Comparison

JEF's dividend yield for the trailing twelve months is around 3.87%, more than BRO's 0.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEF Jefferies Financial Group Inc.	3.87%	2.58%	1.66%	2.97%	3.50%	2.32%	2.44%	8.07%	2.59%	1.23%	1.08%	1.44%
BRO Brown & Brown, Inc.	0.98%	0.77%	0.53%	0.67%	0.74%	0.54%	0.73%	0.82%	1.11%	1.08%	1.12%	1.41%

Drawdowns

JEF vs. BRO - Drawdown Comparison

The maximum JEF drawdown since its inception was -80.74%, which is greater than BRO's maximum drawdown of -54.08%. Use the drawdown chart below to compare losses from any high point for JEF and BRO.

Drawdown Indicators

	JEF	BRO	Difference
Max Drawdown Largest peak-to-trough decline	-80.74%	-54.08%	-26.66%
Max Drawdown (1Y) Largest decline over 1 year	-48.05%	-48.65%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	-54.39%	-48.65%	-5.74%
Max Drawdown (10Y) Largest decline over 10 years	-54.39%	-48.65%	-5.74%
Current Drawdown Current decline from peak	-47.62%	-47.86%	+0.24%
Average Drawdown Average peak-to-trough decline	-25.48%	-13.32%	-12.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.62%	29.31%	-10.69%

Volatility

JEF vs. BRO - Volatility Comparison

Jefferies Financial Group Inc. (JEF) has a higher volatility of 18.40% compared to Brown & Brown, Inc. (BRO) at 8.04%. This indicates that JEF's price experiences larger fluctuations and is considered to be riskier than BRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEF	BRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.40%	8.04%	+10.36%
Volatility (6M) Calculated over the trailing 6-month period	35.51%	20.56%	+14.95%
Volatility (1Y) Calculated over the trailing 1-year period	48.27%	28.08%	+20.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.84%	24.20%	+11.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.95%	23.34%	+11.61%

Financials

JEF vs. BRO - Profitability Comparison

The chart below illustrates the profitability comparison between Jefferies Financial Group Inc. and Brown & Brown, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

JEF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Jefferies Financial Group Inc. reported a gross profit of 1.68B and revenue of 2.87B. Therefore, the gross margin over that period was 58.5%.

BRO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Brown & Brown, Inc. reported a gross profit of 1.40B and revenue of 1.67B. Therefore, the gross margin over that period was 83.8%.

JEF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Jefferies Financial Group Inc. reported an operating income of 0.00 and revenue of 2.87B, resulting in an operating margin of 0.0%.

BRO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Brown & Brown, Inc. reported an operating income of 429.00M and revenue of 1.67B, resulting in an operating margin of 25.7%.

JEF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Jefferies Financial Group Inc. reported a net income of 155.70M and revenue of 2.87B, resulting in a net margin of 5.4%.

BRO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Brown & Brown, Inc. reported a net income of 264.00M and revenue of 1.67B, resulting in a net margin of 15.8%.