Corebridge Financial, Inc. (CRBG) vs Equitable Holdings, Inc. (EQH)

Corebridge Financial, Inc. and Equitable Holdings, Inc. are both Asset Management companies. Corebridge Financial, Inc. and Equitable Holdings, Inc. are of similar size ($15.0B and $14.2B). Corebridge Financial, Inc. trades at the lower P/E: 7.3× against 9.5×. Corebridge Financial, Inc. grew revenue faster over the last twelve months: 13.9% against 8.69%. Equitable Holdings, Inc. has the higher net margin (11.1% vs 10.5%) and the lower return on invested capital (0.00% vs 13.4%). Both pay a dividend; Corebridge Financial, Inc. yields more (2.90% vs 2.15%). Across the 19 metrics below, Corebridge Financial, Inc. leads on 12 and Equitable Holdings, Inc. on 7.

Valuation

Metric CRBG EQH Asset Management median
P/E 7.30 9.52 13.38
P/S 0.73 1.10 2.99
P/B 2.20 n/m 0.91
Price to free cash flow 6.26 5.56 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 13.69% 10.50% 4.67%
Free cash flow yield 15.97% 17.98% 4.85%

Profitability

Metric CRBG EQH Asset Management median
Gross margin 38.87% 58.26% 100.00%
Operating margin 19.09% 17.98% 27.27%
Net margin 10.50% 11.11% 11.89%
Free cash flow margin 11.69% 20.08% 5.96%
Return on equity 20.56% (406.73%) 4.57%
Return on assets 0.54% 0.45% 1.40%
Return on invested capital 13.38% 0.00% 2.12%

Growth

Metric CRBG EQH Asset Management median
Revenue growth (TTM) 13.86% 8.69% 7.26%
EPS growth (last fiscal year) (118.28%) (227.78%) (5.64%)
Revenue growth, 5-year CAGR 4.18% (1.24%) 11.84%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CRBG EQH Asset Management median
Debt to equity 1.56 (40.48) 0.40
Current ratio 0.09 0.12 1.23
Net debt to EBITDA 18.45 60.82 1.06

Dividend

Metric CRBG EQH Asset Management median
Dividend yield 2.90% 2.15% 6.43%
Payout ratio 0.21 0.21 0.91

Size

Metric CRBG EQH Asset Management median
Market cap 15.01b 14.21b 692.54m

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