Raymond James Financial Inc. (RJF) - Net Assets
Based on the latest financial reports, Raymond James Financial Inc. (RJF) has net assets worth $12.57 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($88.76 Billion) and total liabilities ($76.19 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check RJF asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $12.57 Billion |
| % of Total Assets | 14.17% |
| Annual Growth Rate | 15.42% |
| 5-Year Change | 50.6% |
| 10-Year Change | 146.97% |
| Growth Volatility | 8.04 |
Raymond James Financial Inc. - Net Assets Trend (1989–2025)
This chart illustrates how Raymond James Financial Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore RJF asset base for the complete picture of this company's asset base.
Annual Net Assets for Raymond James Financial Inc. (1989–2025)
The table below shows the annual net assets of Raymond James Financial Inc. from 1989 to 2025. For live valuation and market cap data, see RJF company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $12.50 Billion | +7.17% |
| 2024-09-30 | $11.67 Billion | +14.53% |
| 2023-09-30 | $10.19 Billion | +8.00% |
| 2022-09-30 | $9.43 Billion | +13.60% |
| 2021-09-30 | $8.30 Billion | +15.71% |
| 2020-09-30 | $7.18 Billion | +8.02% |
| 2019-09-30 | $6.64 Billion | +2.95% |
| 2018-09-30 | $6.45 Billion | +13.33% |
| 2017-09-30 | $5.69 Billion | +12.45% |
| 2016-09-30 | $5.06 Billion | +4.43% |
| 2015-09-30 | $4.85 Billion | +9.35% |
| 2014-09-30 | $4.43 Billion | +10.88% |
| 2013-09-30 | $4.00 Billion | +9.99% |
| 2012-09-30 | $3.64 Billion | +24.84% |
| 2011-09-30 | $2.91 Billion | +12.13% |
| 2010-09-30 | $2.60 Billion | +16.29% |
| 2009-09-30 | $2.23 Billion | +5.28% |
| 2008-09-30 | $2.12 Billion | +6.73% |
| 2007-09-30 | $1.99 Billion | +22.78% |
| 2006-09-30 | $1.62 Billion | +21.45% |
| 2005-09-30 | $1.33 Billion | +22.66% |
| 2004-09-30 | $1.09 Billion | +17.50% |
| 2003-09-30 | $924.74 Million | +10.14% |
| 2002-09-30 | $839.64 Million | +8.92% |
| 2001-09-30 | $770.88 Million | +18.50% |
| 2000-09-30 | $650.52 Million | +16.48% |
| 1999-09-30 | $558.50 Million | +9.53% |
| 1998-09-30 | $509.90 Million | +20.46% |
| 1997-09-30 | $423.30 Million | +29.61% |
| 1996-09-30 | $326.60 Million | +22.69% |
| 1995-09-30 | $266.20 Million | +17.01% |
| 1994-09-30 | $227.50 Million | +10.65% |
| 1993-09-30 | $205.60 Million | +27.78% |
| 1992-09-30 | $160.90 Million | +31.78% |
| 1991-09-30 | $122.10 Million | +26.14% |
| 1990-09-30 | $96.80 Million | +35.20% |
| 1989-09-30 | $71.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Raymond James Financial Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 40509.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $13.60 Billion | 108.81% |
| Common Stock | $3.00 Million | 0.02% |
| Other Comprehensive Income | $-396.00 Million | -3.17% |
| Total Equity | $12.50 Billion | 100.00% |
Raymond James Financial Inc. Competitors by Market Cap
The table below lists competitors of Raymond James Financial Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ingersoll Rand Inc
NYSE:IR
|
$30.81 Billion |
|
Cez A.S.
PR:CEZ
|
$30.82 Billion |
|
China Construction Bank Co
SHG:601939
|
$30.84 Billion |
|
ADYEN NV UNSP.ADR/001
F:1N8U
|
$30.86 Billion |
|
Givaudan SA
F:GIN1
|
$30.69 Billion |
|
United Microelectronics Corporation
TW:2303
|
$30.66 Billion |
|
Honda Motor Co. Ltd
F:HDMA
|
$30.64 Billion |
|
GigaDevice Semiconductor(Beiji
SHG:603986
|
$30.59 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Raymond James Financial Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,673,000,000 to 12,503,000,000, a change of 830,000,000 (7.1%).
- Net income of 2,135,000,000 contributed positively to equity growth.
- Dividend payments of 416,000,000 reduced retained earnings.
- Share repurchases of 1,267,000,000 reduced equity.
- Other comprehensive income increased equity by 106,000,000.
- Other factors increased equity by 272,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.13 Billion | +17.08% |
| Dividends Paid | $416.00 Million | -3.33% |
| Share Repurchases | $1.27 Billion | -10.13% |
| Other Comprehensive Income | $106.00 Million | +0.85% |
| Other Changes | $272.00 Million | +2.18% |
| Total Change | $- | 7.11% |
Book Value vs Market Value Analysis
This analysis compares Raymond James Financial Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.58x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 350.80x to 2.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-09-30 | $0.45 | $156.20 | x |
| 1990-09-30 | $0.59 | $156.20 | x |
| 1991-09-30 | $0.75 | $156.20 | x |
| 1992-09-30 | $0.98 | $156.20 | x |
| 1993-09-30 | $1.25 | $156.20 | x |
| 1994-09-30 | $1.39 | $156.20 | x |
| 1995-09-30 | $1.69 | $156.20 | x |
| 1996-09-30 | $2.05 | $156.20 | x |
| 1997-09-30 | $2.59 | $156.20 | x |
| 1998-09-30 | $3.02 | $156.20 | x |
| 1999-09-30 | $3.42 | $156.20 | x |
| 2000-09-30 | $4.11 | $156.20 | x |
| 2001-09-30 | $4.68 | $156.20 | x |
| 2002-09-30 | $5.01 | $156.20 | x |
| 2003-09-30 | $5.59 | $156.20 | x |
| 2004-09-30 | $6.36 | $156.20 | x |
| 2005-09-30 | $7.32 | $156.20 | x |
| 2006-09-30 | $8.43 | $156.20 | x |
| 2007-09-30 | $9.87 | $156.20 | x |
| 2008-09-30 | $10.55 | $156.20 | x |
| 2009-09-30 | $11.55 | $156.20 | x |
| 2010-09-30 | $12.84 | $156.20 | x |
| 2011-09-30 | $14.04 | $156.20 | x |
| 2012-09-30 | $16.54 | $156.20 | x |
| 2013-09-30 | $17.38 | $156.20 | x |
| 2014-09-30 | $19.23 | $156.20 | x |
| 2015-09-30 | $20.67 | $156.20 | x |
| 2016-09-30 | $22.68 | $156.20 | x |
| 2017-09-30 | $25.38 | $156.20 | x |
| 2018-09-30 | $28.53 | $156.20 | x |
| 2019-09-30 | $30.47 | $156.20 | x |
| 2020-09-30 | $33.83 | $156.20 | x |
| 2021-09-30 | $39.04 | $156.20 | x |
| 2022-09-30 | $43.93 | $156.20 | x |
| 2023-09-30 | $47.09 | $156.20 | x |
| 2024-09-30 | $54.98 | $156.20 | x |
| 2025-09-30 | $60.52 | $156.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Raymond James Financial Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.42%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 7.06x
- Recent ROE (17.08%) is above the historical average (14.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 17.32% | 5.48% | 0.27x | 11.59x | $5.24 Million |
| 1990 | 18.49% | 6.97% | 0.27x | 9.79x | $8.22 Million |
| 1991 | 21.87% | 9.34% | 0.27x | 8.68x | $14.49 Million |
| 1992 | 25.48% | 11.35% | 0.45x | 5.01x | $24.91 Million |
| 1993 | 23.98% | 10.91% | 0.31x | 7.04x | $28.74 Million |
| 1994 | 18.51% | 8.30% | 0.30x | 7.47x | $19.35 Million |
| 1995 | 17.32% | 8.32% | 0.28x | 7.56x | $19.48 Million |
| 1996 | 20.21% | 9.14% | 0.28x | 7.86x | $33.34 Million |
| 1997 | 23.36% | 10.66% | 0.28x | 7.75x | $56.57 Million |
| 1998 | 18.18% | 8.56% | 0.28x | 7.56x | $41.71 Million |
| 1999 | 15.24% | 6.91% | 0.24x | 9.01x | $29.25 Million |
| 2000 | 19.25% | 7.37% | 0.27x | 9.70x | $60.14 Million |
| 2001 | 12.51% | 5.77% | 0.26x | 8.27x | $19.32 Million |
| 2002 | 9.44% | 5.23% | 0.25x | 7.19x | $-4.66 Million |
| 2003 | 9.33% | 5.76% | 0.22x | 7.47x | $-6.16 Million |
| 2004 | 11.98% | 6.97% | 0.24x | 7.09x | $21.05 Million |
| 2005 | 12.16% | 7.00% | 0.26x | 6.67x | $26.86 Million |
| 2006 | 14.64% | 8.14% | 0.23x | 7.80x | $67.96 Million |
| 2007 | 14.25% | 8.05% | 0.19x | 9.19x | $74.65 Million |
| 2008 | 12.48% | 7.33% | 0.16x | 10.95x | $46.69 Million |
| 2009 | 7.52% | 5.87% | 0.14x | 8.89x | $-50.50 Million |
| 2010 | 9.91% | 7.66% | 0.17x | 7.69x | $-2.00 Million |
| 2011 | 10.76% | 8.46% | 0.18x | 6.96x | $19.59 Million |
| 2012 | 9.05% | 7.73% | 0.18x | 6.47x | $-31.02 Million |
| 2013 | 10.02% | 8.13% | 0.19x | 6.33x | $861.60K |
| 2014 | 11.60% | 9.85% | 0.21x | 5.63x | $66.12 Million |
| 2015 | 11.10% | 9.64% | 0.20x | 5.87x | $49.94 Million |
| 2016 | 10.77% | 9.69% | 0.17x | 6.40x | $37.70 Million |
| 2017 | 11.39% | 9.87% | 0.18x | 6.25x | $77.83 Million |
| 2018 | 13.46% | 11.61% | 0.20x | 5.87x | $220.15 Million |
| 2019 | 15.71% | 13.04% | 0.20x | 5.90x | $375.90 Million |
| 2020 | 11.50% | 10.14% | 0.17x | 6.67x | $106.60 Million |
| 2021 | 17.02% | 14.35% | 0.16x | 7.51x | $578.50 Million |
| 2022 | 15.95% | 13.53% | 0.14x | 8.56x | $563.20 Million |
| 2023 | 17.03% | 15.16% | 0.15x | 7.67x | $717.60 Million |
| 2024 | 17.72% | 14.03% | 0.18x | 7.11x | $900.70 Million |
| 2025 | 17.08% | 13.42% | 0.18x | 7.06x | $884.70 Million |
Industry Comparison
This section compares Raymond James Financial Inc.'s net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,222,611,667
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Raymond James Financial Inc. (RJF) | $12.57 Billion | 17.32% | 6.06x | $30.79 Billion |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $79.50 Million | 27.37% | 0.59x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $962.54 Million | 12.37% | 1.41x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $6.55 Billion | 54.41% | 28.15x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $611.58 Million | 16.58% | 4.02x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $132.30 Million | 18.75% | 3.39x | $2.65 Billion |
About Raymond James Financial Inc.
Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. The Private Client Group segment offers financial planning, investment advisory, securities transaction, investment services, portfolio manag… Read more