Thursday 15 October 2026
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Aflac Incorporated
Aflac Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $17.2 billion, down 9.31% from fiscal 2024. In the quarter to June 2026, revenue fell 1.03%, EPS grew 46.4%, free cash flow fell 71.9% and total debt fell 2.28%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.
118.05
0.16
−0.14%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
7 | 7 | 6 | 7 | 6 | 7 | 5 | 7 | 7 | 4 |
P/E ratio |
10.79 | 7.94 | 12.02 | 11.89 | 6.63 | 9.10 | 10.85 | 10.72 | 10.72 | 15.96 |
P/S ratio |
1.27 | 1.61 | 1.61 | 1.76 | 1.43 | 1.82 | 2.37 | 2.65 | 3.07 | 3.42 |
P/FCF ratio |
4.80 | 5.69 | 5.83 | 7.20 | 5.33 | 7.79 | 11.71 | 15.56 | 21.49 | 23.00 |
P/Operating CF |
15.38 | 22.74 | 25.88 | 32.95 | 23.39 | 45.21 | 43.99 | 85.31 | 174.73 | 186.54 |
P/B ratio |
1.40 | 1.42 | 1.49 | 1.36 | 0.95 | 1.18 | 2.26 | 2.26 | 2.23 | 1.99 |
Price to Tangible BV |
1.40 | 1.42 | 1.49 | 1.36 | 0.95 | 1.18 | 2.26 | 2.26 | 2.23 | 1.99 |
EV/Sales |
1.30 | 1.69 | 1.68 | 1.84 | 1.56 | 1.96 | 2.56 | 2.82 | 3.14 | 3.55 |
EV/EBITDA |
6.74 | 6.80 | 6.70 | 6.88 | 6.14 | 6.72 | 8.31 | 8.40 | 7.96 | 10.83 |
EV/Operating CF |
4.88 | 5.98 | 6.07 | 7.51 | 5.79 | 8.36 | 12.62 | 16.52 | 21.96 | 23.85 |
EV/FCF |
4.88 | 5.98 | 6.07 | 7.51 | 5.79 | 8.36 | 12.62 | 16.52 | 21.96 | 23.85 |
Quick Ratio |
0.06 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.09 | 0.10 |
Current Ratio |
0.06 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.09 | 0.10 |
Net Debt/EBITDA |
0.09 | 0.33 | 0.26 | 0.28 | 0.49 | 0.46 | 0.59 | 0.49 | 0.17 | 0.38 |
Debt/Assets |
4.13% | 3.85% | 4.12% | 4.30% | 4.78% | 5.05% | 5.65% | 5.81% | 6.38% | 7.22% |
Debt/Equity |
0.26 | 0.22 | 0.25 | 0.23 | 0.24 | 0.24 | 0.37 | 0.34 | 0.29 | 0.29 |
Asset Turnover |
0.18 | 0.16 | 0.16 | 0.15 | 0.14 | 0.13 | 0.13 | 0.14 | 0.16 | 0.15 |
Operating CF/Net income |
2.25 | 1.33 | 2.06 | 1.65 | 1.25 | 1.19 | 0.88 | 0.68 | 0.50 | 0.70 |
Capex/Depreciation |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Interest Coverage |
16.18 | 17.74 | 18.94 | 20.50 | 18.19 | 22.88 | 22.54 | 27.98 | 33.57 | 21.60 |
| 13.93% | 20.43% | 12.15% | 12.61% | 15.29% | 12.67% | 16.55% | 22.12% | 22.64% | 13.12% | |
| 2.14% | 3.45% | 2.10% | 2.25% | 3.01% | 2.62% | 3.05% | 3.61% | 4.46% | 3.12% | |
ROIC |
12.11% | 9.51% | 10.00% | 9.07% | 7.16% | 9.00% | 12.87% | 13.13% | 14.65% | 8.95% |
Return on Tangible Assets |
(3.03%) | (4.88%) | (2.99%) | (3.30%) | (4.43%) | (4.28%) | (4.81%) | (5.42%) | (7.76%) | (5.87%) |
Average Days of Receivables |
10.82 | 13.93 | 14.28 | 13.55 | 13.12 | 11.38 | 12.34 | 16.55 | 15.02 | 17.76 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
17.45% | 18.06% | 19.45% | 19.59% | 20.92% | 20.30% | 21.11% | 21.29% | 20.42% | 24.04% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(3.62) | (3.11) | (3.19) | (3.01) | (3.96) | (3.01) | (2.35) | (2.01) | (1.45) | (1.36) |
Graham Number |
42.56 | 62.22 | 50.99 | 62.49 | 84.26 | 84.44 | 68.64 | 80.29 | 100.37 | 92.76 |
Earnings Yield |
9.27% | 12.59% | 8.32% | 8.41% | 15.09% | 11.00% | 9.22% | 9.33% | 9.33% | 6.27% |
Free Cash Flow Yield |
20.85% | 17.59% | 17.15% | 13.89% | 18.77% | 12.84% | 8.54% | 6.43% | 4.65% | 4.35% |
Revenue per Share |
27.41 | 27.36 | 28.27 | 30.05 | 31.03 | 32.00 | 30.15 | 31.37 | 33.65 | 32.21 |
Operating CF per Share |
7.28 | 7.74 | 7.81 | 7.35 | 8.35 | 7.50 | 6.11 | 5.35 | 4.81 | 4.79 |
Capex per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Free Cash Flow per Share |
7.28 | 7.74 | 7.81 | 7.35 | 8.35 | 7.50 | 6.11 | 5.35 | 4.81 | 4.79 |
Cash per Share |
5.90 | 4.41 | 5.64 | 6.59 | 7.20 | 7.50 | 6.21 | 7.22 | 11.07 | 11.72 |
Shareholders Equity per Share |
24.89 | 31.06 | 30.49 | 39.01 | 47.02 | 49.36 | 31.73 | 36.88 | 46.40 | 55.34 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
24.89 | 31.06 | 30.49 | 39.01 | 47.02 | 49.36 | 31.73 | 36.88 | 46.40 | 55.34 |
Free Cash Flow |
5,987.00 | 6,128.00 | 6,014.00 | 5,455.00 | 5,958.00 | 5,051.00 | 3,879.00 | 3,190.00 | 2,707.00 | 2,555.00 |
Working Capital |
(88,198.00) | (94,829.00) | (98,000.00) | (100,830.00) | (108,454.00) | (99,349.00) | (92,320.00) | (86,445.00) | (70,500.00) | (62,503.00) |
Net Current Asset Value |
(103,809.00) | (108,301.00) | (111,756.00) | (118,085.00) | (125,590.00) | (118,566.00) | (107,008.00) | (99,585.00) | (84,460.00) | (79,900.00) |
EV/EBIT |
6.74 | 8.61 | 8.68 | 8.76 | 7.84 | 7.76 | 9.61 | 9.66 | 8.99 | 12.82 |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
7.06 | 8.67 | 8.80 | 8.84 | 7.63 | 7.55 | 9.33 | 9.44 | 9.07 | 12.96 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
2.64 | 2.61 | 2.81 | 2.21 | 2.02 | 1.55 | 1.49 | 1.83 | 2.20 | 2.49 |
Cash ROIC |
19.50% | 18.36% | 17.91% | 13.49% | 12.79% | 10.92% | 12.30% | 9.48% | 6.80% | 5.79% |
Accounts Receivable Turnover |
32.84 | 28.97 | 25.93 | 26.57 | 27.27 | 29.37 | 29.02 | 25.02 | 23.27 | 21.27 |
Accounts Payable Turnover |
0.16 | 0.14 | 0.13 | 0.13 | 0.12 | 0.11 | 0.10 | 0.10 | 0.10 | 0.11 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
2,394.48 | 2,681.24 | 2,827.60 | 2,932.38 | 3,184.31 | 3,268.95 | 3,535.80 | 3,609.37 | 3,348.77 | 3,065.89 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
687.00 | 748.00 | 839.00 | 839.50 | 812.00 | 734.00 | 659.50 | 747.50 | 813.50 | 807.00 |
Average Payables |
90,678.50 | 96,436.50 | 101,167.50 | 104,871.00 | 110,472.50 | 109,731.50 | 100,991.00 | 94,254.50 | 84,553.50 | 73,545.50 |
Average Assets |
124,037.50 | 133,518.00 | 138,811.50 | 146,587.00 | 158,927.00 | 161,314.00 | 144,640.00 | 129,231.00 | 122,145.00 | 117,018.00 |
Average Common Equity |
19,095.00 | 22,540.00 | 24,030.00 | 26,210.50 | 31,259.00 | 33,406.00 | 26,696.50 | 21,062.50 | 24,041.50 | 27,794.00 |
Columns are period end dates