Tearsheet
JCAP Home Investment Highlights Valuation & Metrics Price Chart Why The Stock Moved Return vs. Risk About JCAP Interactive Breakdown Better Bets vs. JCAP Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Forward Guidance Insider Activity Trade Sentinel Investor Videos Industry Resource Links External Quote Links

Jefferson Capital (JCAP)

Market Price (6/20/2026): $17.34 | Market Cap: $963.9 MilSector: Financials | Industry: Consumer Finance

Jefferson Capital (JCAP)

Market Price (6/20/2026): $17.34
Market Cap: $963.9 Mil
Sector: Financials
Industry: Consumer Finance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 22%, Dividend Yield is 4.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 17%, FCF Yield is 27%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 40%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28%

Low stock price volatility
Vol 12M is 35%

Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Credit.

Weak multi-year price returns
2Y Excs Rtn is -40%, 3Y Excs Rtn is -73%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 146%

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 22%, Dividend Yield is 4.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 17%, FCF Yield is 27%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 40%
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28%
4 Low stock price volatility
Vol 12M is 35%
5 Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Credit.
6 Weak multi-year price returns
2Y Excs Rtn is -40%, 3Y Excs Rtn is -73%
7 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 146%

JCAP in ETFs

Weight = JCAP's share of each fund

VTI0.00%
IWM0.01%
AVUV0.02%
IWN0.02%
VTWO0.01%
IWO0.01%
SCHA0.01%
ONEQ0.00%
+1 more covered ETF

Valuation & Metrics

FYE: 12/31JCAP [1]S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]$634.8 Mil—
FY 2026 Sales$691.4 Mil—
FY 2027 Sales$718.1 Mil—
FY 2026 Sales Growth8.9%—
FY 2027 Sales Growth3.9%7.7%
EARNINGS
LTM Net Income (GAAP) [3]$161.4 Mil—
FY 2026 Net Income (Non-GAAP)$83.1 Mil—
FY 2027 Net Income (Non-GAAP)$87.2 Mil—
FY 2027 Net Income Growth5.0%15.0%
FY 2026 EPS (Non-GAAP)$2.77—
FY 2027 EPS (Non-GAAP)$2.91—
FY 2027 EPS Growth5.0%—
VALUATION
FY 2026 P/S1.43.2
FY 2027 P/S1.3—
FY 2026 P/E11.620.5
FY 2027 P/E11.1—

[1] JCAP forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 6/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).
null

AI Analysis | Feedback

null

Price Chart

Recent
6/11/2026Earnings ReleaseRev: $176 Mil (A) vs. $169 Mil (E)
EPS: 0.73 (A) vs. $0.80 (E)
Upcoming
8/12/2026Earnings ReleaseRev: $169 Mil (E)
EPS: $0.69 (E)

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/16/2026

Jefferson Capital (JCAP) stock has lost about 15% since 2/28/2026 because of the following key factors:

1. Jefferson Capital's fiscal Q1 2026 earnings report, released on May 14, 2026, indicated an earnings per share (EPS) miss and significant margin compression. The company reported an EPS of $0.61, missing the consensus estimate of $0.70. This was compounded by a decline in net margin from 33% to 22.7% and concerns over weaker debt coverage, despite a 29.6% revenue growth.

2. A substantial increase in operating expenses during fiscal Q1 2026 negatively impacted profitability. Jefferson Capital's operating expenses rose by 47% in fiscal Q1 2026, contributing to the pressure on the company's net income, which was down 41% from fiscal Q1 2025 to $37.6 million.

Show more
Updated on 6/16/2026

Jefferson Capital (JCAP) stock has lost about 15% since 2/28/2026 because of the following key factors:

1. Jefferson Capital's fiscal Q1 2026 earnings report, released on May 14, 2026, indicated an earnings per share (EPS) miss and significant margin compression. The company reported an EPS of $0.61, missing the consensus estimate of $0.70. This was compounded by a decline in net margin from 33% to 22.7% and concerns over weaker debt coverage, despite a 29.6% revenue growth.

2. A substantial increase in operating expenses during fiscal Q1 2026 negatively impacted profitability. Jefferson Capital's operating expenses rose by 47% in fiscal Q1 2026, contributing to the pressure on the company's net income, which was down 41% from fiscal Q1 2025 to $37.6 million.

3. Broader macroeconomic headwinds, including geopolitical tensions, elevated inflation, and rising Treasury yields, created a challenging market environment. The onset of the Iran-Israel-U.S. conflict, beginning around February 28, 2026, injected volatility into energy markets, causing European Brent crude oil to surge by 73% in fiscal Q1 2026 and US West Texas Intermediate to breach $100 a barrel. This contributed to higher inflation and, alongside rising Treasury yields, pressured broader financial stocks, creating a "risk-off backdrop" for investors.

4. Persistent consumer financial strain, characterized by high debt and elevated delinquencies, posed challenges for the financial services sector. Total U.S. consumer debt climbed to over $18 trillion, with credit card and auto loan delinquencies remaining elevated. While these conditions typically increase the supply of charged-off debt portfolios for companies like Jefferson Capital, they also signal ongoing affordability issues for consumers, leading to operational strain and long-tail credit risk for debt collection and servicing firms.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The -13.7% change in JCAP stock from 2/28/2026 to 6/19/2026 was primarily driven by a 4.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)22820266192026Change
Stock Price ($)20.0917.34-13.7%
Change Contribution By: 
Total Revenues ($ Mil)�6350.0%
Net Income Margin (%)�25.4%0.0%
P/E Multiple�6.00.0%
Shares Outstanding (Mil)58564.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/19/2026
ReturnCorrelation
JCAP-13.7% 
Market (SPY)9.2%29.7%
Sector (XLF)4.7%46.1%

Fundamental Drivers

The -15.1% change in JCAP stock from 11/30/2025 to 6/19/2026 was primarily driven by a 4.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)113020256192026Change
Stock Price ($)20.4217.34-15.1%
Change Contribution By: 
Total Revenues ($ Mil)�6350.0%
Net Income Margin (%)�25.4%0.0%
P/E Multiple�6.00.0%
Shares Outstanding (Mil)58564.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/19/2026
ReturnCorrelation
JCAP-15.1% 
Market (SPY)9.9%31.0%
Sector (XLF)1.3%42.5%

Fundamental Drivers

null
null

Market Drivers

5/31/2025 to 6/19/2026
ReturnCorrelation
JCAP  
Market (SPY)28.1%35.7%
Sector (XLF)6.7%35.2%

Fundamental Drivers

null
null

Market Drivers

5/31/2023 to 6/19/2026
ReturnCorrelation
JCAP  
Market (SPY)85.7%35.7%
Sector (XLF)77.0%35.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
JCAP Return----23%-20%-1%
Peers Return59%-23%17%2%8%-5%49%
S&P 500 Return27%-19%24%23%16%8%98%

Monthly Win Rates [3]
JCAP Win Rate----57%33% 
Peers Win Rate73%38%55%43%55%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
JCAP Max Drawdown------32% 
Peers Max Drawdown-20%-39%-38%-24%-35%-31% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: ECPG, PRAA, NAVI, SLM, OMF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)

How Low Can It Go

JCAP has limited trading history. Below is the Financials sector ETF (XLF) in its place.

EventXLFS&P 500
2025 US Tariff Shock
  % Loss-15.5%-18.8%
  % Gain to Breakeven18.4%23.1%
  Time to Breakeven80 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.7%-9.5%
  % Gain to Breakeven12.0%10.5%
  Time to Breakeven26 days24 days
2023 SVB Regional Banking Crisis
  % Loss-16.1%-6.7%
  % Gain to Breakeven19.1%7.1%
  Time to Breakeven270 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-22.3%-24.5%
  % Gain to Breakeven28.6%32.4%
  Time to Breakeven467 days427 days
2020 COVID-19 Crash
  % Loss-42.8%-33.7%
  % Gain to Breakeven74.8%50.9%
  Time to Breakeven289 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.7%-19.2%
  % Gain to Breakeven24.5%23.8%
  Time to Breakeven123 days105 days

Compare to ECPG, PRAA, NAVI, SLM, OMF

In The Past

State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

JCAP has limited trading history. Below is the Financials sector ETF (XLF) in its place.

EventXLFS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-22.3%-24.5%
  % Gain to Breakeven28.6%32.4%
  Time to Breakeven467 days427 days
2020 COVID-19 Crash
  % Loss-42.8%-33.7%
  % Gain to Breakeven74.8%50.9%
  Time to Breakeven289 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-21.4%-12.2%
  % Gain to Breakeven27.3%13.9%
  Time to Breakeven272 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-26.1%-17.9%
  % Gain to Breakeven35.3%21.8%
  Time to Breakeven162 days123 days
2008-2009 Global Financial Crisis
  % Loss-78.3%-53.4%
  % Gain to Breakeven359.8%114.4%
  Time to Breakeven2329 days1085 days

Compare to ECPG, PRAA, NAVI, SLM, OMF

In The Past

State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Jefferson Capital (JCAP)

Jernigan Capital, Inc. (JCAP) operates as an equity real estate investment trust (REIT) specializing in the self-storage sector. As a REIT, the company primarily invests in and owns real estate properties designed for self-storage. Its business model allows investors to participate in the ownership and operation of income-producing real estate without directly owning the properties themselves.

The company's main offering involves developing, acquiring, and managing self-storage facilities throughout the United States. Essentially, Jernigan Capital provides rental units for individuals and businesses seeking secure and accessible storage space. Its primary customers include individuals needing to store personal belongings due to moving, downsizing, or decluttering, as well as businesses requiring space for inventory, equipment, or documents. The company serves the broad U.S. domestic market seeking flexible and convenient storage solutions.

AI Analysis | Feedback

null

AI Analysis | Feedback

  • Self-storage unit rentals: Provides rentable storage spaces of various sizes for individuals and businesses to store their personal or commercial items.
  • Real estate investment in self-storage facilities: Acquires, develops, and manages self-storage properties as an equity real estate investment trust, generating revenue from rental income and property appreciation.

AI Analysis | Feedback

Based on the description provided for Jernigan Capital, Inc., which invests in and owns self-storage facilities, its major customers are the tenants who rent storage units. The company primarily sells its services to individuals and businesses requiring temporary or long-term storage solutions.

The up to three main categories of customers are:

  1. Individuals and Households: This is the largest customer segment, comprising people who need storage for personal reasons. This includes individuals undergoing life transitions such as moving, downsizing, divorce, or dealing with an estate. Other common uses include decluttering, storing seasonal items (holiday decorations, sports equipment), or safeguarding belongings during home renovations or travel.

  2. Small and Medium-sized Businesses (SMBs): Businesses often utilize self-storage for various operational needs. This can include storing inventory (especially for e-commerce, retail, or contractors), archiving important documents and records, keeping tools and equipment secure, or holding excess supplies and merchandise. These businesses benefit from the flexibility and cost-effectiveness compared to traditional warehouse space.

  3. Students: College and university students frequently use self-storage units to store their belongings during summer breaks, study abroad programs, or when transitioning between dorms or apartments. This provides a convenient and often more affordable solution than transporting items long distances or leaving them in temporary housing.

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

Jefferson Capital (JCAP) operates primarily in the debt recovery solutions and consumer receivables market, purchasing portfolios of charged-off consumer receivables and providing debt servicing. The addressable markets for these services in the regions where the company operates are as follows:

  • United States: The market size for Debt Collection Agencies in the U.S. is estimated at $13.6 billion in 2025. The Debt Collection Services market in the United States is projected at $9.63 billion in 2025.
  • United Kingdom: The market size for Debt Collection Agencies in the UK is £2.0 billion (approximately $2.54 billion USD at current exchange rates) in 2025.
  • Canada: The Debt Collection Agencies market in Canada is valued at $955.7 million in 2026.
  • Latin America: The Debt Collection Services market in Latin America is estimated to be $1.53 billion in 2025.

AI Analysis | Feedback

null

AI Analysis | Feedback

null

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Top Gainers

TickerCompanyCategory1W RtnYTD Rtn
EWYiShares MSCI South Korea ETFEquity10.2%125.5%
SOXXiShares Semiconductor ETFEquity8.9%112.5%
SOXQInvesco PHLX Semiconductor ETFEquity8.8%102.2%
SMHVanEck Semiconductor ETFEquity8.3%83.2%
URAGlobal X Uranium ETFEquity6.6%11.8%
ARKKARK Innovation ETFEquity6.3%4.3%
SPMOInvesco S&P 500 Momentum ETFEquity6.2%34.4%
MTUMiShares MSCI USA Momentum Factor ETFEquity6.1%35.4%
XBIState Street SPDR S&P Biotech ETFEquity6.0%15.4%
RINGiShares MSCI Global Gold Miners ETFEquity5.9%-3.1%

Top Losers

TickerCompanyCategory1W RtnYTD Rtn
NASATema Space Innovators ETFEquity-11.3%24.1%
USOUnited States Oil Fund LPCommodity-10.8%66.1%
XOPState Street SPDR S&P Oil & Gas Explo...Equity-6.2%21.5%
XLEState Street Energy Select Sector SPD...Equity-5.9%21.1%
FXNFirst Trust Energy AlphaDEX FundEquity-5.5%22.5%
KWEBKraneShares CSI China Internet ETFEquity-5.0%-25.9%
COMTiShares GSCI Commodity Dynamic Roll S...Commodity-4.7%26.0%
FXIiShares China Large-Cap ETFEquity-4.6%-13.0%
PDBCInvesco Optimum Yield Diversified Com...Commodity-4.3%24.5%
DBCInvesco DB Commodity Index Tracking FundCommodity-4.2%23.6%

Top Gainers

TickerCompanyCategory1M RtnYTD Rtn
SOXXiShares Semiconductor ETFEquity28.7%112.5%
SOXQInvesco PHLX Semiconductor ETFEquity26.7%102.2%
EWYiShares MSCI South Korea ETFEquity26.0%125.5%
SMHVanEck Semiconductor ETFEquity21.3%83.2%
MTUMiShares MSCI USA Momentum Factor ETFEquity15.7%35.4%
SPMOInvesco S&P 500 Momentum ETFEquity13.7%34.4%
VLUEiShares MSCI USA Value Factor ETFEquity12.1%46.8%
AGIXKraneShares Artificial Intelligence ETFEquity11.3%30.9%
XBIState Street SPDR S&P Biotech ETFEquity11.0%15.4%
XLKState Street Technology Select Sector...Equity10.5%33.1%

Top Losers

TickerCompanyCategory1M RtnYTD Rtn
USOUnited States Oil Fund LPCommodity-24.9%66.1%
ETHAiShares Ethereum Trust ETFCryptocurrency-19.1%-42.6%
IBITiShares Bitcoin Trust ETFCryptocurrency-18.1%-28.3%
FBTCFidelity Wise Origin Bitcoin FundCryptocurrency-18.0%-28.2%
COMTiShares GSCI Commodity Dynamic Roll S...Commodity-14.1%26.0%
XOPState Street SPDR S&P Oil & Gas Explo...Equity-14.1%21.5%
PPLTETFS Physical Platinum SharesCommodity-13.8%-17.6%
DBCInvesco DB Commodity Index Tracking FundCommodity-12.6%23.6%
NASATema Space Innovators ETFEquity-12.6%24.1%
PDBCInvesco Optimum Yield Diversified Com...Commodity-12.4%24.5%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Peers to compare with:

Financials

JCAPECPGPRAANAVISLMOMFMedian
NameJefferso.Encore C.PRA Navient SLM OneMain  
Mkt Price17.3483.0514.948.0923.0358.1820.19
Mkt Cap1.01.80.60.84.56.81.4
Rev LTM6351,8511,2596061,9635,0471,555
Op Inc LTM201681275---275
FCF LTM256166-13323-3283,206211
FCF 3Y Avg-134-73461-3192,842134
CFO LTM257190-8323-3283,206224
CFO 3Y Avg-170-68461-3192,842170

Growth & Margins

JCAPECPGPRAANAVISLMOMFMedian
NameJefferso.Encore C.PRA Navient SLM OneMain  
Rev Chg LTM30.0%34.1%10.6%-27.1%5.1%8.6%9.6%
Rev Chg 3Y Avg-15.9%12.9%-25.8%2.0%6.4%6.4%
Rev Chg Q13.9%21.0%16.7%-2.6%-3.6%6.4%10.1%
QoQ Delta Rev Chg LTM3.5%4.7%3.7%-0.7%-1.1%1.5%2.5%
Op Inc Chg LTM14.3%111.4%27.7%---27.7%
Op Inc Chg 3Y Avg-43.2%1,480.9%---762.0%
Op Mgn LTM31.7%36.8%21.9%---31.7%
Op Mgn 3Y Avg-27.8%13.8%---20.8%
QoQ Delta Op Mgn LTM-3.4%1.4%1.8%---1.4%
CFO/Rev LTM40.5%10.3%-0.6%53.3%-16.7%63.5%25.4%
CFO/Rev 3Y Avg-11.6%-6.9%50.8%-16.6%60.7%11.6%
FCF/Rev LTM40.3%9.0%-1.1%53.3%-16.7%63.5%24.6%
FCF/Rev 3Y Avg-9.0%-7.3%50.8%-16.6%60.7%9.0%

Valuation

JCAPECPGPRAANAVISLMOMFMedian
NameJefferso.Encore C.PRA Navient SLM OneMain  
Mkt Cap1.01.80.60.84.56.81.4
P/S1.51.00.51.32.31.31.3
P/Op Inc4.82.62.1---2.6
P/EBIT4.82.7-5.4---2.7
P/E6.06.1-2.0-12.86.08.56.0
P/CFO3.89.5-71.42.4-13.72.12.2
Total Yield21.7%16.4%-49.0%0.3%19.0%19.1%17.7%
Dividend Yield4.9%0.0%0.0%8.1%2.4%7.4%3.6%
FCF Yield 3Y Avg-12.1%-8.0%34.9%-6.4%46.8%12.1%
D/E1.52.26.658.11.43.32.8
Net D/E1.52.16.257.30.13.12.6

Returns

JCAPECPGPRAANAVISLMOMFMedian
NameJefferso.Encore C.PRA Navient SLM OneMain  
1M Rtn1.8%3.0%2.8%-0.6%5.2%7.4%2.9%
3M Rtn-8.2%22.1%-14.4%2.7%17.4%15.2%9.0%
6M Rtn-21.2%52.3%-11.8%-35.6%-14.7%-11.6%-13.3%
12M Rtn-1.6%117.3%2.0%-35.7%-25.8%16.7%0.2%
3Y Rtn-1.6%63.6%-37.5%-48.6%49.5%74.8%23.9%
1M Excs Rtn-1.0%1.1%-0.4%-1.9%6.0%8.0%0.4%
3M Excs Rtn-25.6%6.6%-29.5%-11.7%4.7%2.7%-4.5%
6M Excs Rtn-29.7%42.5%-21.9%-45.8%-23.4%-21.1%-22.7%
12M Excs Rtn-27.0%92.3%-21.8%-59.8%-50.1%-6.2%-24.4%
3Y Excs Rtn-73.3%-4.3%-108.6%-122.6%-26.3%-2.9%-49.8%

Comparison Analyses

null

Financials

$ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q1
Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/2024
Filing Date5/14/20263/13/202611/14/20258/14/20256/27/20256/27/202511/14/20258/14/20256/27/2025
Key Financials Quarterly         
Total Revenue176155151153155119111104100
Net Income383838486427373233
EPS0.610.580.5918.611.100.460.630.550.56
Key Financials TTM         
Total Revenue TTM635613577537488433---
Net Income TTM161188177176160129---
Growth Rates Quarterly         
Total Revenue Growth13.9%30.1%36.4%47.1%55.0%----
Net Income Growth-41.4%40.0%4.0%48.1%95.2%----
Margins Quarterly         
Net Income Margin21.3%24.4%25.4%31.2%41.5%22.7%33.3%31.0%32.9%
Cash & Debt         
Total Cash262342522736---
Total Debt1,4371,4091,1871,1861,2081,195000
Net Debt / (Cash)1,4111,3861,1451,1351,1801,159---
Cash Flows Quarterly         
FCF from Operations40756379527784835
Cash Flows TTM         
FCF from Operations TTM257269271216184168---
Returns to Shareholders Quarterly         
Dividends016161616162000
Share Repurchases59-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly         
ROIC10.7%10.9%13.3%16.5%20.7%10.4%---
Return on Invested Capital (ROIC) TTM         
ROIC TTM11.4%13.4%15.5%15.7%13.7%11.7%---

Segment Financials

Revenue by Segment
$ Mil202520242023
Single Segment613433323
Total613433323


Price Behavior

Price Behavior
Market Price$17.34 
Market Cap ($ Bil)1.0 
First Trading Date03/27/2015 
Distance from 52W High-23.8% 
   50 Days200 Days
DMA Price$17.48$17.48
DMA Trendindeterminatedown
Distance from DMA-0.8%-0.8%
 3M1YR
Volatility31.0%35.4%
Downside Capture87.61104.32
Upside Capture17.8176.26
Correlation (SPY)27.2% 
JCAP Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta1.100.970.921.07-0.150.20
Up Beta0.310.320.380.940.24-0.44
Down Beta1.892.121.431.810.31-0.06
Up Capture-77%21%42%46%70%6%
Bmk +ve Days13283667141432
Stock +ve Days7203160112112
Down Capture410%320%160%121%113%57%
Bmk -ve Days7132757109318
Stock -ve Days13213263116116

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with JCAP
JCAP-1.6%35.4%0.01-
Sector ETF (XLF)8.3%14.6%0.3335.2%
Equity (SPY)26.5%12.4%1.6135.7%
Gold (GLD)24.2%27.5%0.77-1.1%
Commodities (DBC)19.8%18.8%0.83-10.7%
Real Estate (VNQ)11.0%13.7%0.5222.6%
Bitcoin (BTCUSD)-40.0%42.5%-1.0826.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with JCAP
JCAP-0.3%35.4%0.01-
Sector ETF (XLF)9.3%18.6%0.3735.2%
Equity (SPY)13.5%17.1%0.6235.7%
Gold (GLD)17.1%18.3%0.76-1.1%
Commodities (DBC)7.5%19.4%0.29-10.7%
Real Estate (VNQ)1.9%18.9%0.0022.6%
Bitcoin (BTCUSD)11.0%54.2%0.4026.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with JCAP
JCAP-0.2%35.4%0.01-
Sector ETF (XLF)13.0%22.2%0.5435.2%
Equity (SPY)15.3%18.0%0.7335.7%
Gold (GLD)12.3%16.1%0.63-1.1%
Commodities (DBC)5.9%18.0%0.26-10.7%
Real Estate (VNQ)5.3%20.7%0.2222.6%
Bitcoin (BTCUSD)60.0%66.8%1.0026.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity1.0 Mil
Short Interest: % Change Since 515202634.0%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest3.6 days
Basic Shares Quantity55.6 Mil
Short % of Basic Shares1.8%

Earnings Returns History

Updated 6/17/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/14/2026-4.4%-7.0%-11.5%
3/12/2026-2.7%-0.5%-0.7%
11/13/20256.6%-0.1%7.6%
8/14/2025-1.3%-5.1%-4.7%
SUMMARY STATS   
# Positive101
# Negative343
Median Positive6.6% 7.6%
Median Negative-2.7%-2.8%-4.7%
Max Positive6.6% 7.6%
Max Negative-4.4%-7.0%-11.5%
 Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/14/2026-4.4%-7.0%-11.5%
3/12/2026-2.7%-0.5%-0.7%
11/13/20256.6%-0.1%7.6%
8/14/2025-1.3%-5.1%-4.7%
SUMMARY STATS   
# Positive101
# Negative343
Median Positive6.6% 7.6%
Median Negative-2.7%-2.8%-4.7%
Max Positive6.6% 7.6%
Max Negative-4.4%-7.0%-11.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/14/202610-Q
12/31/202503/13/202610-K
09/30/202511/14/202510-Q
06/30/202508/14/202510-Q
03/31/202506/27/2025424B4
12/31/202302/05/2025DRS/A
 Collapse to Preview
Report DateFiling DateFiling
03/31/202605/14/202610-Q
12/31/202503/13/202610-K
09/30/202511/14/202510-Q
06/30/202508/14/202510-Q
03/31/202506/27/2025424B4
12/31/202302/05/2025DRS/A

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 5/14/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Committed Forward Flows 353.20 Mil 57.1% RaisedGuidance: 224.80 Mil for 2026

Prior: Q4 2025 Earnings Reported 3/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Deployments 224.80 Mil -17.6% LoweredGuidance: 272.80 Mil for 2026

Insider Activity

Updated 4/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Jcf, Iv Jcap Holding LP See FootnotesSell113202619.6311,000,000215,916,800642,289,825Form
2J.c., Flowers IV LP See FootnotesSell701202515.008,708,911130,633,665202,392,840Form
3Burton, David MSEE REMARKSDirectSell630202515.00424,2966,364,44056,662,500Form
 Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Jcf, Iv Jcap Holding LP See FootnotesSell113202619.6311,000,000215,916,800642,289,825Form
2J.c., Flowers IV LP See FootnotesSell701202515.008,708,911130,633,665202,392,840Form
3Burton, David MSEE REMARKSDirectSell630202515.00424,2966,364,44056,662,500Form

Industry Resources

External Quote Links


Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 6/19/2026