Last 38 quarters of trend data · Financial Services · Insurance - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Equitable Holdings, Inc.'s quarterly P/E stands at 17.0x, up 298.3% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 93.5% YoY to 5.0x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -9.38 | 17.02 | — | — | 81.39 | 4.27 | — | 8.30 | 41.32 | — | 2.35 | 3.30 | 14.11 |
| — | +298.3% | — | — | +97.0% | — | — | +152.0% | +192.9% | — | -75.4% | +126.1% | +140.9% | |
| P/S Ratio | 1.09 | 1.05 | 2.65 | 1.80 | 1.04 | 1.03 | 1.12 | 0.95 | 1.42 | 1.29 | 0.68 | 1.02 | 0.98 |
| — | +2.0% | +136.3% | +88.8% | -26.6% | -20.3% | +64.8% | -6.3% | +44.6% | -8.0% | -17.8% | +92.3% | +1.9% | |
| P/B Ratio | 7.55 | 7.70 | 7.90 | 5.74 | 3.62 | 4.18 | 2.16 | 2.99 | 2.66 | 2.18 | 2.52 | 1.67 | 1.52 |
| — | +84.1% | +266.3% | +92.0% | +35.7% | +92.2% | -14.5% | +79.0% | +75.4% | -26.6% | +31.8% | +23.7% | +23.9% | |
| P/FCF | 18.78 | — | 11.46 | 94.50 | 9.67 | 9.98 | 5.10 | 3.91 | — | — | 6.42 | 7.51 | — |
| — | — | +124.4% | +2319.4% | — | — | -20.4% | -48.0% | — | — | -62.3% | -85.2% | — | |
| EV / EBITDA | — | 5.04 | — | — | 9.38 | 2.60 | 11.81 | 2.69 | 4.26 | — | 1.39 | 2.63 | — |
| — | +93.5% | — | — | +120.3% | — | +752.8% | +2.4% | — | — | -47.9% | +37.2% | — | |
| EV / EBIT | — | 5.04 | — | — | 15.85 | 2.95 | 53.96 | 3.17 | 7.10 | — | 1.51 | 3.08 | — |
| — | +70.6% | — | — | +123.3% | — | +3467.1% | +2.9% | — | — | -52.0% | +62.3% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Equitable Holdings, Inc.'s operating margin was 10.5% in Q4 2025, up 103.5 pp QoQ and down 22.6 pp YoY. The trailing four-quarter average of -23.3% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 31.0% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.1% | 88.1% | -17.0% | 30.4% | 80.6% | 67.2% | 77.8% | 49.8% | 64.9% | 17.7% | 71.0% | 68.4% | 25.8% |
| — | +31.0% | -121.8% | -39.1% | +24.1% | +279.0% | +9.5% | -27.1% | +151.7% | +50.2% | +9.5% | +32.2% | -57.5% | |
| Operating Margin | -10.2% | 10.5% | -93.0% | -15.4% | 4.5% | 33.1% | -0.4% | 19.4% | 9.8% | -37.6% | 40.7% | 22.7% | -19.5% |
| — | -68.2% | -25053.0% | -179.1% | -54.6% | +187.8% | -100.9% | -14.4% | +150.4% | +22.5% | +47.6% | -16.6% | -183.5% | |
| Net Margin | -11.8% | 6.6% | -90.3% | -14.8% | 1.6% | 24.8% | -4.4% | 12.2% | 4.1% | -32.2% | 29.4% | 31.9% | 7.5% |
| — | -73.6% | -1935.3% | -221.1% | -60.9% | +177.2% | -115.1% | -61.8% | -45.1% | +22.7% | +47.9% | +54.9% | -55.4% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -51.5% | 11.5% | -53.3% | -9.4% | 1.6% | 18.4% | -2.5% | 9.3% | 1.9% | -15.4% | 21.9% | 12.8% | 3.7% |
| — | -37.5% | -2054.8% | -200.8% | -15.9% | +219.7% | -111.3% | -27.4% | -49.2% | +14.4% | +131.3% | +13.8% | -19.2% | |
| ROA | -0.4% | 0.1% | -0.4% | -0.1% | 0.0% | 0.3% | -0.0% | 0.1% | 0.0% | -0.3% | 0.4% | 0.3% | 0.1% |
| — | -77.5% | -842.0% | -179.2% | -33.9% | +216.3% | -111.2% | -47.8% | -52.5% | +17.9% | +68.9% | -21.4% | -63.0% | |
| ROIC | — | — | — | — | 4.2% | 31.5% | -0.6% | 228.0% | 10.3% | -18.7% | 32.9% | 7.9% | -5.8% |
| — | — | — | — | -58.9% | +267.9% | -101.8% | +2786.5% | +279.4% | -55.5% | +266.2% | -30.4% | -223.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Equitable Holdings, Inc.'s Debt/EBITDA ratio is 16.8x — elevated, raising questions about debt serviceability. The current ratio has improved 1607.3% YoY to 25.50x, strengthening the short-term liquidity position. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.67 | 3.67 | 3.27 | 2.30 | 1.43 | 1.90 | 0.92 | 1.28 | 1.17 | 1.23 | 1.40 | 0.92 | 0.94 |
| — | +93.1% | +255.1% | +79.5% | +22.6% | +54.9% | -34.2% | +38.9% | +23.9% | -24.6% | +38.0% | +29.2% | +78.1% | |
| Debt / EBITDA | — | 16.78 | — | — | 16.64 | 4.79 | 28.37 | 6.55 | 12.06 | — | 3.28 | 7.67 | — |
| — | +250.6% | — | — | +38.0% | — | +766.0% | -14.7% | — | — | -35.3% | +92.1% | — | |
| Current Ratio | 0.57 | 25.50 | 29.30 | 0.49 | 0.46 | 1.49 | 1.68 | 1.79 | 1.97 | 2.25 | 2.73 | 2.42 | 2.76 |
| — | +1607.3% | +1639.0% | -72.6% | -76.5% | -33.6% | -38.4% | -25.7% | -28.6% | -29.8% | +6.3% | -6.4% | +48.7% | |
| Quick Ratio | 0.57 | 25.50 | 29.30 | 0.49 | 0.46 | 1.49 | 1.68 | 1.79 | 1.97 | 2.25 | 2.73 | 2.42 | 2.76 |
| — | +1607.3% | +1639.0% | -72.6% | -76.5% | -33.6% | -38.4% | -25.7% | -28.6% | -29.8% | +6.3% | -6.4% | +48.7% | |
| Interest Coverage | -4.33 | 8.32 | -21.10 | -4.95 | 4.16 | 24.02 | 0.80 | 11.98 | 4.84 | -13.33 | 27.82 | 10.80 | -6.52 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 38 years · Updated daily
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Quick answers to the most common questions about buying EQH stock.
Equitable Holdings, Inc.'s current P/E is -9.4x. The average P/E over the last 2 quarters is 49.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Equitable Holdings, Inc.'s current operating margin is -10.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Equitable Holdings, Inc.'s business trajectory between earnings reports.