Equitable Holdings, Inc. (EQH) Stock Analysis
Financial Services · Asset Management · NYSE
Equitable Holdings, Inc. (EQH) posted $11.66B in revenue for fiscal 2025 (down 6.2% year over year), with a net loss of $1.44B, and has compounded revenue about -1.2%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Equitable Holdings, Inc.
Equitable Holdings, Inc. has grown revenue from $11.76B to $11.66B over the last 10 fiscal years, compounding about -1.2% a year. The most recent year was down 6.2%, so growth has cooled from its longer-run pace.
Net margin sits at -12.4%, down 22.3 points year over year. It carries about $3.86B of total debt.
The one thing worth a second look in the filings is heavy debt load.
Synthesised from Equitable Holdings, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Equitable Holdings, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.76B | $12.46B | $12.07B | $9.62B | $12.41B | $7.61B | $14.02B | $10.53B | $12.44B | $11.66B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $1.25B | $834.00M | $1.85B | $-1.76B | $-648.00M | $1.75B | $1.71B | $1.22B | $1.23B | $-1.44B |
| Net margin | 10.7% | 6.7% | 15.4% | -18.3% | -5.2% | 23.0% | 12.2% | 11.6% | 9.9% | -12.4% |
Source: Equitable Holdings, Inc. SEC filings (10-K).
Equitable Holdings, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $3860M is 5.4× last year's operating cash flow — it would take years of cash flow to clear.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -12.4%).
Explore 10 years of Equitable Holdings, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track EQH in your portfolio →
Equitable Holdings, Inc. financial history by metric
Compare Equitable Holdings, Inc. with peers
About Equitable Holdings, Inc.
Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Asset Management, Protection Solutions, Wealth Management, and Legacy. The Individual Retirement variable annuity products, including structured capital strategies, retirement cornerstone, and investment edge primarily to affluent and high net worth individuals. The Group Retirement provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. It offers guaranteed and structured investment option, and personal income benefit variable annuity products and open architecture mutual fund platform. The Asset Management segment offers investment management and related services to various clients through institutions, retail, and private wealth management. The Protection Solutions segment provides life insurance products, such as VUL and COLI insurance, IUL insurance, and term life; and employee benefits business which includes group life, supplemental life, dental, vision, short-term disability, long-term disability, critical illness, accident and hospital indemnity insurance products to small and medium-sized businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. The Legacy segment consists of the capital intensive fixed-rate GMxB business that includes ROP death benefits. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.
Equitable Holdings, Inc. — frequently asked questions
What is Equitable Holdings, Inc.'s revenue?
Equitable Holdings, Inc. (EQH) reported revenue of $11.66B for fiscal year 2025, down 6.2% from the prior year, according to its SEC filings.
Is Equitable Holdings, Inc. profitable?
No — EQH reported a net loss of $-1.44B in fiscal 2025.
What is EQH's P/E ratio?
Equitable Holdings, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Equitable Holdings, Inc. growing?
EQH's revenue grew at roughly -1.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Equitable Holdings, Inc. have?
As of fiscal year 2025, EQH carried roughly $3.86B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Equitable Holdings, Inc.'s market cap?
Equitable Holdings, Inc. (EQH) has a market capitalization of about $11.79B, based on the latest data in our nightly-refreshed cache.
When does Equitable Holdings, Inc.'s fiscal year end?
EQH's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Equitable Holdings, Inc.'s official SEC filings (10-K and 10-Q), covering 10 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.