Equitable Holdings, Inc. EQH

53.84 1.23 2.34% as of 25 Sep
Market cap
$14.4B
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 30.78
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell 2 2 4 3 2 — 7 4 4 2 5 4
Insider Ownership 2.48%

Capital & Financial Ratios

Market Cap 14,360.00
Revenue 10,615.00
Net Income (526.00)
Free Cash Flow 1,321.00
Net Debt (10,216.00)
Current Ratio 0.12
Debt/Equity 8.12
P/E ratio 0.00
P/S ratio 1.41
P/B ratio 0.00
Past 5Y EPS Growth 1.22%
This Y EPS Growth 27.41%
Next Y EPS Growth 25.35%
Next 5Y EPS Growth 23.35%
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.15
0.27
0.30
0.30
2025 1.05
0.24
0.27
0.27
0.27
2024 0.94
0.22
0.24
0.24
0.24
2023 0.86
0.20
0.22
0.22
0.22
2022 0.78
0.18
0.20
0.20
0.20
2021 0.71
0.17
0.18
0.18
0.18
2020 0.66
0.15
0.17
0.17
0.17
2019 0.58
0.13
0.15
0.15
0.15
2018 0.26
0.13
0.13
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 8,239 6,964 12,462 17,183
Receivables 1,837 1,961 2,162 2,291
Inventory — — — —
Other — — — —
10,076 8,925 14,624 19,474
2023 2024 2025 Q'26
Payables 114,486 129,963 152,635 164,972
ST’ Debt 254 — 25 —
Other — — — —
114,740 129,963 152,660 164,972
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — (1.24%) (2.65%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — (38.87%) (22.43%)

Revenue

Mar Jun Sep Dec Year
’26 4,230 1,658 — — —
’25 4,576 2,362 1,450 3,277 11,665
’24 2,230 3,507 3,073 3,615 12,425
’23 2,357 2,377 3,624 2,102 10,460
’22 3,146 4,690 2,992 1,816 12,644
’21 1,153 2,950 3,615 (104) 7,614
’20 12,609 (2,550) 1,840 516 12,415
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 499 643 — — —
’25 158 341 369 (154) 714
’24 31 892 683 400 2,006
’23 (587) 361 410 (392) (208)
’22 (608) 68 229 61 (250)
’21 (14) (581) 241 161 (193)
’20 (570) 22 553 (66) (61)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 490 633 — — —
’25 148 334 336 (138) 680
’24 (32) 856 655 374 1,853
’23 (605) 322 385 (427) (325)
’22 (607) 48 146 (4) (417)
’21 (37) (610) 200 134 (313)
’20 (584) 8 537 (129) (168)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 2.14 (1.68) — — —
’25 0.16 (1.21) (4.47) 0.70 (4.83)
’24 0.30 1.23 (0.47) 2.76 3.78
’23 0.45 2.06 3.02 (2.15) 3.48
’22 1.43 2.66 1.72 (2.21) 4.49
’21 (3.22) 0.23 1.59 6.01 (1.24)
’20 11.65 (8.96) (1.77) (2.84) (1.56)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — 14.72 16.05 9.89 24.56 24.61 21.89 31.76 41.39

Analyst estimates 2026–2028

Powerpack
Low Price
— — 23.21 25.18 27.30 36.09 37.13 34.80 50.51 56.61
High Price
— — 7,800 7,900 7,900 7,800 8,200 8,500 8,000 8,000
Employees
0 0 2 1 2 1 2 1 2 1
Revenue/Emp
11,763 12,460 12,069 9,619 12,415 7,614 12,644 10,460 12,425 11,665
Revenue
54.87% 48.30% 57.84% 28.37% 36.38% 103.43% 64.58% 55.49% 58.64% 38.92%
Gross Margin
2,027 1,306 2,490 (2,060) (1,093) 2,609 2,992 714 2,076 (1,193)
EBT
17.23% 10.48% 20.63% (21.42%) (8.80%) 34.27% 23.66% 6.83% 16.71% (10.23%)
EBT Margin
1,649 1,257 2,189 (1,467) (349) 2,170 2,394 1,624 1,796 (1,037)
Net Income
758 768 296 675 1,757 519 636 821 868 872
Depreciation
20.97 22.21 21.69 19.49 27.56 18.24 33.49 29.88 38.68 39.13
Revenue/Sh
2.94 2.24 3.27 (3.51) (1.56) (1.24) 4.52 3.49 3.82 (4.83)
Earnings/Sh
(0.42) (0.43) 0.11 (0.44) (0.14) (0.46) (0.66) (0.59) 6.25 2.40
Cash Flow/Sh
(0.17) (0.18) (0.22) (0.19) (0.24) (0.29) (0.44) (0.33) (0.48) (0.11)
Capex/Sh
(0.59) (0.61) (0.11) (0.63) (0.37) (0.75) (1.10) (0.93) 5.77 2.28
Free CF/Sh
0.00 29.44 27.74 30.48 38.14 31.37 8.32 12.53 10.66 4.92
Book Value/Sh
561 561 556 494 450 417 378 350 321 298
Shares
7.03 7.03 5.10 0.00 0.00 7.08 7.88 9.77 12.19 0.00
PE Ratio
0.91 0.91 0.77 1.27 0.93 1.80 0.85 1.11 1.22 1.22
PS Ratio
0.69 0.69 0.60 0.86 0.72 1.19 6.84 4.10 7.91 35.69
PB Ratio
0.62 0.62 0.81 1.24 0.79 1.79 0.93 0.86 1.16 0.71
EV/Sales
(11.50) (11.50) (157.08) (38.63) (58.18) (43.52) (28.18) (27.66) 7.77 12.21
EV/FCF
(236) (243) 61 (216) (61) (193) (250) (208) 2,006 714
Op' Cash Flow
(97) (102) (123) (93) (107) (120) (167) (117) (153) (34)
Capex
(333) (345) (62) (309) (168) (313) (417) (325) 1,853 680
FCF
— (72,479) (78,904) (90,498) (101,307) (107,912) (96,142) (104,664) (121,038) (138,036)
Working Cap'
— 2,408 4,955 4,111 4,428 5,122 5,231 5,633 5,949 6,562
Total Debt
— (2,406) 486 (294) (1,751) (66) 950 (2,606) (1,015) (5,900)
Net Debt
0 16,518 15,432 15,047 17,177 13,095 3,141 4,388 3,423 1,466
Sh' Equity
0.00% 0.71% 0.81% (0.75%) (0.27%) 0.59% 0.76% 0.45% 0.42% (0.47%)
ROA
0.00% 6.49% 10.68% (7.79%) (3.62%) 13.69% 48.78% 33.04% 59.75% 0.00%
ROIC
0.00% 0.00% 11.61% (11.88%) (4.65%) 12.22% 31.62% 54.62% 50.61% (124.55%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Equitable Holdings, Inc. peers in Asset Management

Company Market cap P/E Compare
OWL Blue Owl Capital Inc. $14.5B 77.7× Compare
CG Carlyle Group Inc. $14.1B 39.6× Compare
ARCC Ares Capital Corporation $13.7B 14.2× Compare
CRBG Corebridge Financial, Inc. $15.2B 20.4× Compare
Company Market cap P/E Compare
IVZ Invesco Ltd. $13.6B 0.0× Compare
SEIC SEI Investments Company $12.6B 18.2× Compare
BEN Franklin Resources Inc $16.5B 22.5× Compare
TPG TPG Inc. $16.8B 37.6× Compare

All 121 Asset Management stocks →

Equitable Holdings, Inc. (EQH) key facts

  • Equitable Holdings, Inc. (EQH) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
  • Equitable Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.7 billion, down 6.12% from fiscal 2024.
  • As of September 25, 2026, EQH traded at $53.84, a market capitalization of $14.4 billion.
  • Return on equity was −124.6% and debt-to-equity 8.12.

Source: company filings (standardised) and stockrow calculations.

Equitable Holdings, Inc. (EQH) Latest News

News by impact score

Fine-tune

26 Sep

4

Equitable Holdings reported continued momentum as of mid-2026, with assets under management and administration hitting a record $1.2 trillion, up 10% year over year, and first-half 2026 non-GAAP EPS rising 25%. The company outlined strategic moves including reinsuring 75% of its in-force life insurance block to RGA, increasing its AllianceBernstein stake, and acquiring Stifel Independent Advisors. Management described a defining merger of equals with Corebridge to diversify across retirement, wealth management, asset management and protection, aiming for greater scale, cash generation and financial flexibility. Upon closing, Mark Pearson would become executive chair and Marc Costantini CEO. At the annual meeting, shareholders approved directors, PwC as auditor, and executive-compensation proposals. The company framed the merger as expanding client reach and capabilities, reinforcing long-term targets and investor confidence. A major strategic merger with Corebridge plus momentum in AUM and earnings could substantially alter scale and long-term prospects.

25 Sep

4

Tributary Capital Management’s Q2 2026 investor letter for the Multi Cap Core Equity Strategy reveals it sold Equitable Holdings (EQH) in the quarter. EQH is described as a diversified financial services firm focused on life insurance, annuities, asset management (AllianceBernstein) and retirement solutions. The letter warns that the pending merger with Corebridge Financial adds meaningful integration risk and delays the return of excess capital to shareholders. As of Sept. 24, 2026, EQH closed around $52.61, up 4.8% in the past month but up only 0.4% over the last year; the stock traded in a 52-week range of $35.20–$55.06. The piece notes EQH’s presence in hedge-fund portfolios (49 end-Q2 holders, up from 42) and contrasts AI-driven upside with risk considerations. Merger integration risk and delayed capital returns could materially affect EQH's future cash flows and investor sentiment.

4

AllianceBernstein Holding L.P. and its subsidiary AB announced Onur Erzan, currently AB's President, will become President and Chief Executive Officer of AB effective April 1, 2027, succeeding Seth Bernstein who retires March 31, 2027 but will stay on AB's Board. Erzan has led AB's growth since becoming President in January 2026, overseeing Private Wealth Management, Global Private Alternatives and Global Asset Management Distribution, plus Strategy and Corporate Development, and will join Equitable Holdings' leadership team after its merger with Corebridge Financial. Bernstein has presided over a transformation from a traditional active public markets player to a diversified global investment manager, expanding AB's capabilities, improving profitability, relocating HQ to Nashville, building AB India, and launching Bernstein Research's joint venture with Societe Generale; AB's assets under management rose to about $919 billion as of Aug. 31, 2026. Equitable owns about 68% of AB as of June 2026. AB's new CEO appointment could materially influence EQH's growth trajectory.

22 Sep

3

Equitable Holdings, Inc. (EQH) is a New York-based finance company with a year-to-date price gain of 13.05%. It pays a quarterly dividend of $0.30, yielding 2.23%, and an annualized dividend of $1.20, up 14.3% from last year. The payout ratio is 18%. Over the past five years, EQH has increased its dividend five times for an average annual growth of 9.67%. The stock carries a Zacks Rank of #2 (Buy). The 2026 consensus earnings are $7.18 per share, up about 15.6% year over year. Dividends are highlighted as a key driver of long-term returns, with caution that high-yield stocks can struggle when rates rise; EQH is presented as an attractive dividend play and compelling investment opportunity. Positive dividend metrics and a Buy rating could modestly lift near-term investor sentiment without signaling a fundamental shift in EQH's long-term trajectory.

21 Sep

4

Prudential Financial plans to sell its stake in Alexander Forbes Group Holdings for about $185 million through New Veld, LLC, with about 446.9 million Alexforbes shares sold in two legs; Alexforbes will repurchase 372.8 million shares and ARC AF Holdings will buy 74.1 million shares, closing expected in the first half of 2027 subject to approvals. The exit narrows PRU’s emerging-market exposure and frees capital for its core businesses, with only a modest near-term earnings impact. The article also notes Equitable Holdings, Inc. (EQH) is reshaping its portfolio by merging with Corebridge Financial to expand its retirement, life-insurance, wealth, and asset-management platform, and by exiting its Employee Benefits unit (about $500 million in premiums). Allianz is also adjusting its portfolio in India. The piece highlights EQH as a comparator in sector consolidation, while PRU’s strategic refocus remains the primary driver of the story. Equitable's strategic reshaping via Corebridge merger and exit of Employee Benefits represents a major shift in its platform and focus.

18 Sep

4

Equitable Holdings (EQH) integrated Bitcoin into a retirement annuity product, enabling cryptocurrency exposure within client retirement plans. Adding Bitcoin to annuities marks a strategic expansion into cryptocurrency-linked products that could reshape EQH's competitive edge in retirement services.

16 Sep

4

Jackson posts record quarter, strengthening bull case for Equitable Holdings (EQH). Record Jackson results signal major positive shift in EQH trajectory and sentiment.

4 Sep

3

Equitable Holdings (EQH) shares rose after the company reported stronger quarterly results and issued positive forward guidance that exceeded analyst expectations. Earnings beat and raised guidance can lift near-term sentiment and valuation but are unlikely to alter the company's long-term competitive position.

12 Aug

3

Equitable Holdings Q2 earnings call included five analyst questions on financial performance, operations and strategic outlook. Earnings call analyst questions deliver moderate updates on results and strategy without major new developments.

11 Aug

3 transcript

Equitable Holdings (EQH) held its Q2 2026 earnings call covering financial results, performance metrics, and forward outlook. Quarterly earnings call supplies performance data and guidance that can shift near-term investor sentiment and valuation.

8 Aug

3 transcript

Equitable Holdings Inc. released Q2 earnings call highlights covering financial results, revenue, net income and management outlook on operations and strategy. Quarterly earnings data directly informs on financial health and can influence near-term stock performance and sentiment.

5 Aug

4 transcript

Equitable Holdings reported record AUMA in Q2 2026 earnings alongside strategic updates that reinforce operational strength and growth trajectory. Record AUMA and strategic moves signal major positive shifts in EQH performance and investor outlook.

3 transcript

Equitable Holdings reported Q2 2026 results in its earnings call, detailing financial performance, revenue, net income, segment results, and forward outlook. Quarterly earnings figures and guidance typically move near-term stock price and sentiment without altering long-term company trajectory.

4 Aug

3

Equitable Holdings reported second quarter 2026 results. Quarterly results directly inform near-term financial performance and investor sentiment.

3 Aug

3

Equitable Holdings (EQH) prepares to release Q2 earnings with key financial metrics, expectations and market context provided for investors ahead of the announcement. Q2 earnings data and outlook can moderately shift near-term stock price and investor sentiment but rarely redefine long-term trajectory.

30 Jul

4

Corebridge Financial and Equitable Holdings stockholders have approved the merger between the two companies. Stockholder approval advances a major strategic merger that will reshape Equitable Holdings' operations and market position.

28 Jul

3

Equitable Holdings, Inc. (EQH) earnings are projected to grow, prompting evaluation of potential stock purchases. Earnings growth forecasts can moderately affect EQH valuation and short-term investor sentiment.

21 May

4

Equitable Holdings (EQH) narrative shifts amid merger developments and mixed analyst calls that alter investor views on future performance. Merger execution plus conflicting analyst views can materially change company trajectory and sentiment.

3

Equitable Holdings raises its dividend 11% on strong cash flow growth. Dividend increase signals financial strength with limited broader impact on company trajectory.

12 May

4

Corebridge Financial and Equitable Holdings announce the leadership team for their combined company, detailing key executives to lead the merged entity post-integration. Leadership announcement for the combined company marks a major strategic integration step that could reshape EQH's operations, governance, and investor confidence.

6 May

4

Equitable Holdings, Inc. (EQH) released Q1 earnings call highlights, covering financial results, strategic updates, and forward guidance. Q1 earnings call highlights provide critical financial metrics and outlook that significantly shape investor sentiment and stock trajectory.

4

Equitable Holdings (EQH) narrative shifts amid Corebridge deal progress and analyst revisions, potentially altering strategic outlook and market perception. Corebridge deal constitutes a major strategic move with analyst revisions signaling shifts in EQH's trajectory and investor sentiment.

5 May

3

Equitable Holdings, Inc. released Q1 2026 earnings call summary detailing financial results, performance highlights, and forward-looking statements. Quarterly earnings call summaries reveal financial performance and guidance that moderately influence investor sentiment and stock price.

4 May

4

Equitable Holdings (EQH) Q1 earnings key metrics compared to Wall Street estimates, highlighting performance against analyst expectations. Q1 earnings beats or misses significantly affect financial performance, investor sentiment, and stock trajectory.

4

Equitable Holdings, Inc. (EQH) reported Q1 earnings that surpassed analyst estimates, highlighting strong financial performance. Q1 earnings beat signals robust financial health, likely driving positive investor sentiment and stock performance.

4

Equitable Holdings (NYSE:EQH) Q1 CY2026 sales beat analyst estimates. Q1 CY2026 sales beating estimates boosts investor sentiment and signals strong operational performance with potential stock price gains.

4 transcript

Equitable Holdings, Inc. (EQH) released its Q4 2025 earnings call transcript detailing quarterly financial results, management commentary, and forward guidance. Q4 2025 earnings transcript reveals financial performance and strategic outlook, likely driving significant shifts in investor sentiment and market valuation.

4 transcript

Equitable Holdings, Inc. (EQH) released its Q3 2025 earnings call transcript, detailing quarterly financial results, management analysis, operational updates, and forward-looking guidance. Quarterly earnings transcripts disclose key financial metrics, strategic initiatives, and outlook that significantly shape investor sentiment and stock trajectory.

3

Equitable Holdings (NYSE:EQH) reported better-than-expected sales for Q1 CY2026. Better-than-expected Q1 CY2026 sales positively affect financial performance and market sentiment without fundamentally altering long-term trajectory.

3

Equitable Holdings, Inc. (EQH) reported first quarter 2026 results. Quarterly earnings reports influence financial performance assessments and short-to-medium term market sentiment.

stockrow.com/EQH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com