Equitable Holdings, Inc. (EQH) Financial Ratios
11 years of historical data (2015–2025) · Financial Services · Insurance - Diversified
EV/EBITDA
↑
N/A
—
5yr avg: 4.86
30Y Low3.4·High16.0
P/FCF
↑
18.78
↑+20% vs avg
5yr avg: 15.62
30Y Low10.3·High20.9
P/B Ratio
↑
7.55
↑+104% vs avg
5yr avg: 3.71
30Y Low0.6·High7.9
ROE
↓
-51.5%
↑-677% vs avg
5yr avg: 8.9%
30Y Low-52%·High30%
Debt/EBITDA
↑
N/A
—
5yr avg: 2.47
30Y Low1.6·High21.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EQH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Equitable Holdings, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 18.8x P/FCF, 20% above the 5-year average of 15.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.8B | $14.2B | $15.3B | $11.7B | $10.9B | $13.7B | $11.5B | $12.2B | $9.3B | — | — |
| Enterprise Value | $6.9B | $8.3B | $15.1B | $9.8B | $12.5B | $14.4B | $10.6B | $12.8B | $10.3B | — | — |
| P/E Ratio → | -9.38 | — | 12.48 | 9.57 | 5.26 | — | — | — | 5.09 | — | — |
| P/S Ratio | 1.09 | 1.22 | 1.23 | 1.11 | 0.86 | 1.80 | 0.93 | 1.27 | 0.77 | — | — |
| P/B Ratio | 7.55 | 7.94 | 4.29 | 2.27 | 3.03 | 1.01 | 0.67 | 0.79 | 0.59 | — | — |
| P/FCF | 18.78 | 20.92 | 10.32 | — | — | — | — | — | — | — | — |
| P/OCF | 17.88 | 19.92 | 9.35 | — | — | — | — | — | 151.71 | — | — |
P/E links to full P/E history page with 30-year chart
EQH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.71 | 1.22 | 0.93 | 0.99 | 1.89 | 0.86 | 1.33 | 0.85 | — | — |
| EV / EBITDA | — | — | 5.10 | 6.32 | 3.44 | 4.60 | 16.01 | — | 3.70 | — | — |
| EV / EBIT | — | — | 6.48 | 10.14 | 3.91 | 5.04 | — | — | 3.79 | — | — |
| EV / FCF | — | 12.23 | 10.19 | — | — | — | — | — | — | — | — |
EQH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Equitable Holdings, Inc. earns an operating margin of -10.2%, below the Financial Services sector average of 20.3%. Operating margins have compressed from 7.0% to -10.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -51.5% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.1% | 79.1% | 53.1% | 49.3% | 59.9% | 96.2% | 23.4% | 22.2% | 54.8% | 44.3% | 48.2% |
| Operating Margin | -10.2% | -10.2% | 17.0% | 7.0% | 23.7% | 34.3% | -8.8% | -21.4% | 20.6% | 10.5% | 17.2% |
| Net Profit Margin | -11.8% | -11.8% | 10.5% | 12.4% | 17.0% | 23.0% | -5.2% | -18.3% | 15.4% | 6.7% | 10.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -51.5% | -51.5% | 30.0% | 29.7% | 25.1% | 11.4% | -4.0% | -11.4% | 11.3% | 5.2% | 8.8% |
| ROA | -0.4% | -0.4% | 0.5% | 0.5% | 0.8% | 0.6% | -0.2% | -0.7% | 0.8% | 0.4% | 0.6% |
| ROIC | — | — | 47.7% | 13.2% | 23.1% | 12.8% | -5.1% | -9.5% | 10.1% | 5.2% | 8.9% |
| ROCE | -0.5% | -0.5% | 0.8% | 0.3% | 1.1% | 1.0% | -0.4% | -0.9% | 1.1% | 0.6% | 1.0% |
EQH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $12.5B exceeds total debt of $6.6B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.67 | 3.67 | 1.90 | 1.23 | 1.63 | 0.43 | 0.31 | 0.32 | 0.35 | 0.46 | 0.54 |
| Debt / EBITDA | — | — | 2.28 | 4.08 | 1.61 | 1.88 | 7.96 | — | 1.98 | 4.64 | 2.91 |
| Net Debt / Equity | — | -3.30 | -0.05 | -0.37 | 0.44 | 0.05 | -0.05 | 0.04 | 0.07 | 0.18 | 0.16 |
| Net Debt / EBITDA | — | — | -0.06 | -1.23 | 0.43 | 0.22 | -1.35 | — | 0.38 | 1.82 | 0.88 |
| Debt / FCF | — | -8.69 | -0.12 | — | — | — | — | — | — | — | — |
| Interest Coverage | -4.33 | -4.33 | 10.34 | 4.24 | 15.89 | 11.69 | -4.46 | -8.32 | 11.78 | 9.16 | 12.65 |
Net cash position: cash ($12.5B) exceeds total debt ($6.6B)
EQH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.57x is below 1.0, meaning current liabilities exceed current assets — though the company's $12.5B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 2.25x to 0.57x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.57 | 0.57 | 1.49 | 2.25 | 3.20 | 1.72 | 1.36 | 1.64 | 3.76 | 2.59 | 2.45 |
| Quick Ratio | 0.57 | 0.57 | 1.49 | 2.25 | 3.20 | 1.72 | 1.36 | 1.64 | 3.76 | 2.59 | 2.45 |
| Cash Ratio | 0.38 | 0.38 | 0.38 | 0.67 | 10.66 | 5.00 | 0.34 | 0.32 | 0.55 | 0.41 | 0.47 |
| Asset Turnover | — | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
EQH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Equitable Holdings, Inc. returns 24.5% to shareholders annually — split between a 2.3% dividend yield and 22.1% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.3% | 2.2% | 2.0% | 2.6% | 2.7% | 2.2% | 2.6% | 2.3% | 1.7% | — | — |
| Payout Ratio | — | — | 23.1% | 23.1% | 13.7% | 16.9% | — | — | 8.5% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 8.0% | 10.5% | 19.0% | — | — | — | 19.7% | — | — |
| FCF Yield | 5.3% | 4.8% | 9.7% | — | — | — | — | — | — | — | — |
| Buyback Yield | 22.1% | 19.9% | 8.2% | 9.1% | 9.7% | 13.9% | 5.0% | 12.4% | 24.4% | — | — |
| Total Shareholder Yield | 24.5% | 22.1% | 10.2% | 11.6% | 12.4% | 16.0% | 7.6% | 14.8% | 26.1% | — | — |
| Shares Outstanding | — | $298M | $325M | $352M | $380M | $417M | $450M | $494M | $557M | $561M | $561M |
Peer Comparison
Compare EQH with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EQHYou | $13B | -9.4 | — | 18.8 | 79.1% | -10.2% | -51.5% | — | — |
 LNC | $7B | 6.4 | 2.6 | — | 57.3% | 7.3% | 12.3% | 12.0% | 4.1 |
 PRU | $37B | 10.4 | 8.2 | 5.9 | 42.0% | 7.9% | 10.9% | 10.0% | 4.7 |
 MET | $56B | 17.8 | 9.4 | 3.1 | 36.4% | 6.0% | 11.9% | 13.1% | 3.5 |
 PFG | $24B | 20.9 | 14.1 | 5.3 | 45.2% | 9.1% | 9.9% | 9.0% | 2.5 |
 VOYA | $8B | 14.3 | 35.4 | 6.5 | 51.8% | 3.5% | 10.0% | 2.1% | 8.1 |
 FG | $4B | 14.6 | 4.5 | 0.8 | 30.8% | 5.6% | 5.9% | 5.0% | 2.3 |
 BEN | $17B | 36.3 | 23.7 | 18.8 | 80.3% | 6.9% | 3.7% | 1.6% | 11.7 |
 IVZ | $13B | -17.6 | 16.8 | 8.7 | 43.2% | -10.9% | -2.0% | -2.3% | 8.2 |
 AMG | $9B | 15.5 | 12.2 | 9.4 | 86.0% | 31.8% | 15.8% | 8.1% | 2.8 |
 TROW | $23B | 11.6 | 8.0 | 15.8 | 62.7% | 29.9% | 17.8% | 13.3% | 0.3 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
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EQH — Frequently Asked Questions
Quick answers to the most common questions about buying EQH stock.
What is Equitable Holdings, Inc.'s P/E ratio?
Equitable Holdings, Inc.'s current P/E ratio is -9.4x. The historical average is 8.1x.
What is Equitable Holdings, Inc.'s ROE?
Equitable Holdings, Inc.'s return on equity (ROE) is -51.5%. The historical average is 5.2%.
Is EQH stock overvalued?
Based on historical data, Equitable Holdings, Inc. is trading at a P/E of -9.4x. Compare with industry peers and growth rates for a complete picture.
What is Equitable Holdings, Inc.'s dividend yield?
Equitable Holdings, Inc.'s current dividend yield is 2.33%.
What are Equitable Holdings, Inc.'s profit margins?
Equitable Holdings, Inc. has 79.1% gross margin and -10.2% operating margin.