Equitable Holdings, Inc.

EQH Financial Asset Management

Equitable Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.7 billion, down 6.12% from fiscal 2024.

Revenue
+167.7%
EPS
+197.8%
Free cash flow
+385.7%
Total debt
+15.1%

Quarter to September 2026, against a year earlier

52.75 0.16 −0.30%
Market cap
$14.2B
P/E
9.5×
Fwd P/E
15.9×
Dividend yield
2.15%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Equitable Holdings, Inc. (EQH) Free cash flow margin

Alert me on Free cash flow margin

Equitable Holdings, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 20.1%, up 14.2 percentage points from fiscal 2025 (5.83%). Over the past ten years it has ranged from −4.11% (fiscal 2021) to 14.9% (fiscal 2024); the current reading is higher than 90% of that period. That is above the Asset Management industry median of 5.96% and above the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 5.83% (9.08)
FY2024 14.9% 18.02
FY2023 −3.11% 0.19
FY2022 −3.30% 0.81
FY2021 −4.11% (2.76)
FY2020 −1.35% 1.86
FY2019 −3.21% (2.70)
FY2018 −0.51% 2.26
FY2017 −2.77% 0.06
FY2016 −2.83% —

Against its own ten years

Low −4.11% High 14.9%
Ten-year median −2.80%
Current reading's percentile 90

Free cash flow margin against peers

Company Free cash flow margin
OWL Blue Owl Capital Inc. compare 49.0%
ARCC Ares Capital Corporation compare 37.1%
SEIC SEI Investments Company compare 25.3%
IVZ Invesco Ltd. compare 24.9%
EQH Equitable Holdings, Inc. 20.1%
TPG TPG Inc. compare 12.7%
CRBG Corebridge Financial, Inc. compare 11.7%
BEN Franklin Resources Inc compare 2.48%
CG Carlyle Group Inc. compare −114.2%
Asset Management industry median 5.96%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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