VOYA
Voya Financial, Inc.
Financial - Conglomerates
Market Cap$7.39B
5Y Perf.+76.9%
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Stock Comparison
VOYA vs EQH
Revenue, margins, valuation, and 5-year total return — side by side.
EQH
Equitable Holdings, Inc.
Insurance - Diversified
Market Cap$12.07B
5Y Perf.+124.4%
VOYA vs EQH — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | VOYA | EQH |
|---|---|---|
| Industry | Financial - Conglomerates | Insurance - Diversified |
| Market Cap | $7.39B | $12.07B |
| Revenue (TTM) | $7.50B | $10.99B |
| Net Income (TTM) | $693M | $-1.38B |
| Gross Margin | 51.8% | 59.2% |
| Operating Margin | 3.5% | -10.9% |
| Forward P/E | 8.3x | 6.0x |
| Total Debt | $2.10B | $6.56B |
| Cash & Equiv. | $1.23B | $12.46B |
VOYA vs EQH — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
VOYA
EQH
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Voya Financial, Inc. (VOYA) | 100 | 176.9 | +76.9% |
| Equitable Holdings,… (EQH) | 100 | 224.4 | +124.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: VOYA vs EQH
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: VOYA leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Equitable Holdings, Inc. is the stronger pick specifically for growth and revenue expansion and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
VOYA
Voya Financial, Inc.
The Banking Pick
VOYA carries the broadest edge in this set and is the clearest fit for long-term compounding and sleep-well-at-night.
- 189.7% 10Y total return vs EQH's 140.8%
- Lower volatility, beta 1.17, Low D/E 29.9%, current ratio 20.38x
- Beta 1.17, yield 2.3%, current ratio 20.38x
Best for: long-term compounding and sleep-well-at-night
EQH
Equitable Holdings, Inc.
The Insurance Pick
EQH is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 8 yrs, beta 1.40, yield 2.5%
- Rev growth -6.2%, EPS growth -227.8%, 3Y rev CAGR -2.7%
- -6.2% revenue growth vs VOYA's -6.9%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | EQH | -6.2% revenue growth vs VOYA's -6.9% |
| Value | VOYA | Better valuation composite |
| Quality / Margins | VOYA | 8.7% margin vs EQH's -12.6% |
| Stability / Safety | VOYA | Beta 1.17 vs EQH's 1.40, lower leverage |
| Dividends | EQH | 2.5% yield, 8-year raise streak, vs VOYA's 2.3% |
| Momentum (1Y) | VOYA | +24.1% vs EQH's -13.7% |
| Efficiency (ROA) | VOYA | 0.4% ROA vs EQH's -0.5% |
VOYA vs EQH — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
VOYA vs EQH — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLVOYALAGGINGEQH
EQHEquitable Holdings, I…
1leads
VOYAVoya Financial, Inc.
4leads
6 Total Categories
CATEGORYLEADERvs EQHMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
VOYA4/5
Valuation MetricsMultiples, price ratios, and targets
VOYA3/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
VOYA7/8
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
VOYA2/2
Analyst OutlookRatings, price targets, and dividends
EQH2/2
Income & Cash Flow (Last 12 Months)
VOYA leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
EQH and VOYA operate at a comparable scale, with $11.0B and $7.5B in trailing revenue. VOYA is the more profitable business, keeping 8.7% of every revenue dollar as net income compared to EQH's -12.6%.
| Metric | VOYAVoya Financial, I… | EQHEquitable Holding… |
|---|---|---|
| RevenueTrailing 12 months | $7.5B | $11.0B |
| EBITDAEarnings before interest/tax | $1.1B | -$494M |
| Net IncomeAfter-tax profit | $693M | -$1.4B |
| Free Cash FlowCash after capex | $1.4B | $737M |
| Gross MarginGross profit ÷ Revenue | +51.8% | +59.2% |
| Operating MarginEBIT ÷ Revenue | +3.5% | -10.9% |
| Net MarginNet income ÷ Revenue | +8.7% | -12.6% |
| FCF MarginFCF ÷ Revenue | +17.2% | +6.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | -9.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +41.5% | -74.6% |
VOYA leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
VOYA leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
| Metric | VOYAVoya Financial, I… | EQHEquitable Holding… |
|---|---|---|
| Market CapShares × price | $7.4B | $12.1B |
| Enterprise ValueMkt cap + debt − cash | $8.3B | $6.2B |
| Trailing P/EPrice ÷ TTM EPS | 12.61x | -8.88x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.34x | 5.96x |
| PEG RatioP/E ÷ EPS growth rate | 0.75x | — |
| EV / EBITDAEnterprise value multiple | 31.68x | — |
| Price / SalesMarket cap ÷ Revenue | 0.99x | 1.03x |
| Price / BookPrice ÷ Book value/share | 1.10x | 7.15x |
| Price / FCFMarket cap ÷ FCF | 5.74x | 17.78x |
VOYA leads this category, winning 3 of 5 comparable metrics.
Profitability & Efficiency
VOYA leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
VOYA delivers a 10.1% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $-49 for EQH. VOYA carries lower financial leverage with a 0.30x debt-to-equity ratio, signaling a more conservative balance sheet compared to EQH's 3.67x. On the Piotroski fundamental quality scale (0–9), VOYA scores 6/9 vs EQH's 5/9, reflecting solid financial health.
| Metric | VOYAVoya Financial, I… | EQHEquitable Holding… |
|---|---|---|
| ROE (TTM)Return on equity | +10.1% | -49.3% |
| ROA (TTM)Return on assets | +0.4% | -0.5% |
| ROICReturn on invested capital | +2.1% | — |
| ROCEReturn on capital employed | +0.2% | -0.5% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.30x | 3.67x |
| Net DebtTotal debt minus cash | $876M | -$5.9B |
| Cash & Equiv.Liquid assets | $1.2B | $12.5B |
| Total DebtShort + long-term debt | $2.1B | $6.6B |
| Interest CoverageEBIT ÷ Interest expense | 5.14x | -4.33x |
VOYA leads this category, winning 7 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — VOYA and EQH each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in EQH five years ago would be worth $13,515 today (with dividends reinvested), compared to $12,316 for VOYA. Over the past 12 months, VOYA leads with a +24.1% total return vs EQH's -13.7%. The 3-year compound annual growth rate (CAGR) favors EQH at 24.8% vs VOYA's 6.2% — a key indicator of consistent wealth creation.
| Metric | VOYAVoya Financial, I… | EQHEquitable Holding… |
|---|---|---|
| YTD ReturnYear-to-date | +6.0% | -10.1% |
| 1-Year ReturnPast 12 months | +24.1% | -13.7% |
| 3-Year ReturnCumulative with dividends | +19.9% | +94.2% |
| 5-Year ReturnCumulative with dividends | +23.2% | +35.1% |
| 10-Year ReturnCumulative with dividends | +189.7% | +140.8% |
| CAGR (3Y)Annualised 3-year return | +6.2% | +24.8% |
Evenly matched — VOYA and EQH each lead in 3 of 6 comparable metrics.
Risk & Volatility
VOYA leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
VOYA is the less volatile stock with a 1.17 beta — it tends to amplify market swings less than EQH's 1.40 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VOYA currently trades 94.9% from its 52-week high vs EQH's 75.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | VOYAVoya Financial, I… | EQHEquitable Holding… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.17x | 1.40x |
| 52-Week HighHighest price in past year | $84.00 | $56.61 |
| 52-Week LowLowest price in past year | $64.50 | $35.20 |
| % of 52W HighCurrent price vs 52-week peak | +94.9% | +75.7% |
| RSI (14)Momentum oscillator 0–100 | 63.9 | 64.7 |
| Avg Volume (50D)Average daily shares traded | 1.2M | 4.0M |
VOYA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
EQH leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates VOYA as "Buy" and EQH as "Buy". Consensus price targets imply 37.9% upside for EQH (target: $59) vs 13.4% for VOYA (target: $90). For income investors, EQH offers the higher dividend yield at 2.46% vs VOYA's 2.30%.
| Metric | VOYAVoya Financial, I… | EQHEquitable Holding… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $90.33 | $59.14 |
| # AnalystsCovering analysts | 26 | 21 |
| Dividend YieldAnnual dividend ÷ price | +2.3% | +2.5% |
| Dividend StreakConsecutive years of raises | 7 | 8 |
| Dividend / ShareAnnual DPS | $1.84 | $1.05 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.7% | +23.4% |
EQH leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
VOYA leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). EQH leads in 1 (Analyst Outlook). 1 tied.
Best OverallVoya Financial, Inc. (VOYA)Leads 4 of 6 categories
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VOYA vs EQH: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is VOYA or EQH a better buy right now?
For growth investors, Equitable Holdings, Inc.
(EQH) is the stronger pick with -6. 2% revenue growth year-over-year, versus -6. 9% for Voya Financial, Inc. (VOYA). Voya Financial, Inc. (VOYA) offers the better valuation at 12. 6x trailing P/E (8. 3x forward), making it the more compelling value choice. Analysts rate Voya Financial, Inc. (VOYA) a "Buy" — based on 26 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — VOYA or EQH?
On forward P/E, Equitable Holdings, Inc.
is actually cheaper at 6. 0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — VOYA or EQH?
Over the past 5 years, Equitable Holdings, Inc.
(EQH) delivered a total return of +35. 1%, compared to +23. 2% for Voya Financial, Inc. (VOYA). Over 10 years, the gap is even starker: VOYA returned +189. 7% versus EQH's +140. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — VOYA or EQH?
By beta (market sensitivity over 5 years), Voya Financial, Inc.
(VOYA) is the lower-risk stock at 1. 17β versus Equitable Holdings, Inc. 's 1. 40β — meaning EQH is approximately 20% more volatile than VOYA relative to the S&P 500. On balance sheet safety, Voya Financial, Inc. (VOYA) carries a lower debt/equity ratio of 30% versus 4% for Equitable Holdings, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — VOYA or EQH?
By revenue growth (latest reported year), Equitable Holdings, Inc.
(EQH) is pulling ahead at -6. 2% versus -6. 9% for Voya Financial, Inc. (VOYA). On earnings-per-share growth, the picture is similar: Voya Financial, Inc. grew EPS 2. 4% year-over-year, compared to -227. 8% for Equitable Holdings, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — VOYA or EQH?
Voya Financial, Inc.
(VOYA) is the more profitable company, earning 8. 7% net margin versus -11. 8% for Equitable Holdings, Inc. — meaning it keeps 8. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VOYA leads at 3. 5% versus -10. 2% for EQH. At the gross margin level — before operating expenses — EQH leads at 79. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is VOYA or EQH more undervalued right now?
On forward earnings alone, Equitable Holdings, Inc.
(EQH) trades at 6. 0x forward P/E versus 8. 3x for Voya Financial, Inc. — 2. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EQH: 37. 9% to $59. 14.
08Which pays a better dividend — VOYA or EQH?
All stocks in this comparison pay dividends.
Equitable Holdings, Inc. (EQH) offers the highest yield at 2. 5%, versus 2. 3% for Voya Financial, Inc. (VOYA).
09Is VOYA or EQH better for a retirement portfolio?
For long-horizon retirement investors, Voya Financial, Inc.
(VOYA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 17), 2. 3% yield, +189. 7% 10Y return). Both have compounded well over 10 years (VOYA: +189. 7%, EQH: +140. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between VOYA and EQH?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: VOYA is a small-cap deep-value stock; EQH is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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