Reading the tape
NYSE: EQH
Equitable Holdings, Inc.
Financial Services · Insurance - Diversified
Market Cap
$11.68B
52w High
$56.61
52w Low
$35.20
P/E
-15.01
Volume
4.24M
Outstanding Shares
281.54M
Price vs Fundamentals
Why The Stock Is Moving
Likely fundamental deteriorationHigh confidence
1Y Price: -17.53%Revenue (TTM): -19.2%FCF (TTM): -60.23%P/FCF: 60th pct
What changed
The stock fell 17.53% over the last year. Revenue declined 19.2% over the trailing twelve months. Operating margin moved from 14.57% to -12.08%. Free cash flow declined 60.23% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/FCF, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at -12.08%. Revenue declined 19.2% — this read reverses if that trend stabilizes. Free cash flow fell 60.23% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide.
CEOJeffrey Joy Hurd
SectorFinancial Services
IndustryInsurance - Diversified
Employees8,000
IPO dateMay 10, 2018
Valuation
Forward P/E—
EV/EBITDA-8.57
Enterprise value$8.3B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth8.35%
Gross margin61.51%▲49.14%vs FY2024
Operating margin-12.08%▼160.25%vs FY2024
ROE1,864.86%▲2161.52%vs FY2024
Analyst consensus
RatingBuy
Target price$59.14▲42.54%
20
Buy
1
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 4, 2026
Q3 FY26 · EPS est $1.77 · Revenue est $3.97B
View
Dividends
$1.08/shareQuarterly6yr growth streakSafeEQH pays a dividend with a 2.6% dividend yield, 6 consecutive years of growth, growing at 9.69% annually, covered 1.8× by free cash flow.
Dividend Yield
2.6%
Annual Div / Share
$1.08
5yr CAGR
+9.69%
Doubles every ~7.5yr
Payout Ratio
—
Safe
Dividend Growth Rate
3yr CAGR
+10.52%
5yr CAGR
+9.69%
Dividend Safety
8/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$1.08+12.5%
2024$0.96+9.1%
2023$0.88+10.0%
2022$0.80+11.1%
2021$0.72+5.9%
2020$0.68+13.3%
2019$0.60—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$26/yr
$2/mo
In 5 yrs
$41/yr+59%
$3/mo
In 10 yrs
$66/yr+152%
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$26/yr $2/mo | $41/yr+59% $3/mo | $66/yr+152% $5/mo |
Yield-on-cost grows from 2.6% → 6.57% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 1.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 9.69% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in EQH
STOCK Act disclosures from senators and representatives.
Michael McCaul
TXhouseRepublicanPurchaseSpouse2026-03-02$50,001 - $100,000+39d to disclose