Corebridge Financial, Inc. (CRBG) vs Invesco Ltd. (IVZ)

Corebridge Financial, Inc. and Invesco Ltd. are both Asset Management companies. Corebridge Financial, Inc. is the larger, with a market value of $15.0B against $11.9B — 1.3× the size. Invesco Ltd. has negative trailing earnings, so its P/E is not meaningful; Corebridge Financial, Inc. trades at 7.3×. Corebridge Financial, Inc. grew revenue faster over the last twelve months: 13.9% against 13.7%. Corebridge Financial, Inc. has the higher net margin (10.5% vs −4.43%) and the higher return on invested capital (13.4% vs −0.89%). Both pay a dividend; Invesco Ltd. yields more (3.13% vs 2.90%). Across the 19 metrics below, Corebridge Financial, Inc. leads on 12 and Invesco Ltd. on 7.

Valuation

Metric CRBG IVZ Asset Management median
P/E 7.30 n/m 13.38
P/S 0.73 1.71 2.99
P/B 2.20 1.13 0.91
Price to free cash flow 6.26 6.87 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 13.69% (2.54%) 4.67%
Free cash flow yield 15.97% 14.55% 4.85%

Profitability

Metric CRBG IVZ Asset Management median
Gross margin 38.87% 65.93% 100.00%
Operating margin 19.09% (4.54%) 27.27%
Net margin 10.50% (4.43%) 11.89%
Free cash flow margin 11.69% 24.91% 5.96%
Return on equity 20.56% (2.81%) 4.57%
Return on assets 0.54% (1.13%) 1.40%
Return on invested capital 13.38% (0.89%) 2.12%

Growth

Metric CRBG IVZ Asset Management median
Revenue growth (TTM) 13.86% 13.65% 7.26%
EPS growth (last fiscal year) (118.28%) (235.59%) (5.64%)
Revenue growth, 5-year CAGR 4.18% 0.74% 11.84%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CRBG IVZ Asset Management median
Debt to equity 1.56 0.78 0.40
Current ratio 0.09 1.16 1.23
Net debt to EBITDA 18.45 7.77 1.06

Dividend

Metric CRBG IVZ Asset Management median
Dividend yield 2.90% 3.13% 6.43%
Payout ratio 0.21 — 0.91

Size

Metric CRBG IVZ Asset Management median
Market cap 15.01b 11.90b 692.54m

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