E

Equitable Holdings, Inc.

EQH-PC · CIK 0001333986

10 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$11.66B6.1%
FY2025
Net income (FY)
−$1.38B207.8%
FY2025
Diluted EPS (FY)
$-4.83230.9%
FY2025
The story, charted

The shape of the business

FY2016–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10BFY2016 · Revenue $11.76B · Net income $1.25B · 0001333986-19-000010 · filed 2019-03-08FY16Revenue $11.76BNet income $1.25B0001333986-19-000010 · filed 2019-03-08FY2017 · Revenue $12.46B · Net income $834.0M · 0001333986-20-000015 · filed 2020-02-27FY17Revenue $12.46BNet income $834.0M0001333986-20-000015 · filed 2020-02-27FY2018 · Revenue $12.07B · Net income $1.85B · 0001333986-21-000011 · filed 2021-02-24FY18Revenue $12.07BNet income $1.85B0001333986-21-000011 · filed 2021-02-24FY2019 · Revenue $9.62B · Net income −$1.76B · 0001333986-22-000006 · filed 2022-02-22FY19Revenue $9.62BNet income −$1.76B0001333986-22-000006 · filed 2022-02-22FY2020 · Revenue $12.41B · Net income −$648.0M · 0001333986-23-000004 · filed 2023-02-21FY20Revenue $12.41BNet income −$648.0M0001333986-23-000004 · filed 2023-02-21FY2021 · Revenue $7.61B · Net income $1.75B · 0001333986-24-000009 · filed 2024-02-26FY21Revenue $7.61BNet income $1.75B0001333986-24-000009 · filed 2024-02-26FY2022 · Revenue $12.64B · Net income $2.15B · 0001333986-25-000011 · filed 2025-02-24FY22Revenue $12.64BNet income $2.15B0001333986-25-000011 · filed 2025-02-24FY2023 · Revenue $10.46B · Net income $1.28B · 0001333986-26-000012 · filed 2026-02-25FY23Revenue $10.46BNet income $1.28B0001333986-26-000012 · filed 2026-02-25FY2024 · Revenue $12.43B · Net income $1.28B · 0001333986-26-000012 · filed 2026-02-25FY24Revenue $12.43BNet income $1.28B0001333986-26-000012 · filed 2026-02-25FY2025 · Revenue $11.66B · Net income −$1.38B · 0001333986-26-000012 · filed 2026-02-25FY25Revenue $11.66BNet income −$1.38B0001333986-26-000012 · filed 2026-02-25FY25Revenue $11.66BNet income −$1.38B0001333986-26-000012 · filed 2026-02-25FY17FY19FY21FY23FY25

net margin 10.7% → -11.8%

MarginsNet marginFCF margin
-20%0%20%FY2016 · Net margin 10.7%FY16Net margin 10.7%derived: net income ÷ revenueFY2017 · Net margin 6.7%FY17Net margin 6.7%derived: net income ÷ revenueFY2018 · Net margin 15.4%FY18Net margin 15.4%derived: net income ÷ revenueFY2019 · Net margin -18.3%FY19Net margin -18.3%derived: net income ÷ revenueFY2020 · Net margin -5.2%FY20Net margin -5.2%derived: net income ÷ revenueFY2021 · Net margin 23.0%FY21Net margin 23.0%derived: net income ÷ revenueFY2022 · Net margin 17.0%FY22Net margin 17.0%derived: net income ÷ revenueFY2023 · Net margin 12.3%FY23Net margin 12.3%derived: net income ÷ revenueFY2024 · Net margin 10.3%FY24Net margin 10.3%derived: net income ÷ revenueFY2025 · Net margin -11.8%FY25Net margin -11.8%derived: net income ÷ revenueFY25Net margin -11.8%derived: net income ÷ revenue’17’19’21’23’25

FY2025: net -11.8% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2BFY2016 · OCF −$236.0M · 0001333986-19-000010 · filed 2019-03-08FY16OCF −$236.0M0001333986-19-000010 · filed 2019-03-08FY2017 · OCF −$243.0M · 0001333986-20-000015 · filed 2020-02-27FY17OCF −$243.0M0001333986-20-000015 · filed 2020-02-27FY2018 · OCF $61.0M · 0001333986-21-000011 · filed 2021-02-24FY18OCF $61.0M0001333986-21-000011 · filed 2021-02-24FY2019 · OCF −$216.0M · 0001333986-22-000006 · filed 2022-02-22FY19OCF −$216.0M0001333986-22-000006 · filed 2022-02-22FY2020 · OCF −$61.0M · 0001333986-23-000004 · filed 2023-02-21FY20OCF −$61.0M0001333986-23-000004 · filed 2023-02-21FY2021 · OCF −$193.0M · 0001333986-24-000009 · filed 2024-02-26FY21OCF −$193.0M0001333986-24-000009 · filed 2024-02-26FY2022 · OCF −$250.0M · 0001333986-25-000011 · filed 2025-02-24FY22OCF −$250.0M0001333986-25-000011 · filed 2025-02-24FY2023 · OCF −$208.0M · 0001333986-26-000012 · filed 2026-02-25FY23OCF −$208.0M0001333986-26-000012 · filed 2026-02-25FY2024 · OCF $2.01B · 0001333986-26-000012 · filed 2026-02-25FY24OCF $2.01B0001333986-26-000012 · filed 2026-02-25FY2025 · OCF $714.0M · 0001333986-26-000012 · filed 2026-02-25FY25OCF $714.0M0001333986-26-000012 · filed 2026-02-25FY25OCF $714.0M0001333986-26-000012 · filed 2026-02-25’17’19’21’23’25
Returns on capitalReturn on equityReturn on assets
0%1000%2000%FY2017 · ROE 6.2% · ROA 0.4%FY17ROE 6.2%ROA 0.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 13.4% · ROA 0.8%FY18ROE 13.4%ROA 0.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE -13.1% · ROA -0.7%FY19ROE -13.1%ROA -0.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -4.2% · ROA -0.2%FY20ROE -4.2%ROA -0.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 15.2% · ROA 0.6%FY21ROE 15.2%ROA 0.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 153.7% · ROA 0.9%FY22ROE 153.7%ROA 0.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 48.4% · ROA 0.5%FY23ROE 48.4%ROA 0.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 81.8% · ROA 0.4%FY24ROE 81.8%ROA 0.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 1864.9% · ROA -0.4%FY25ROE 1864.9%ROA -0.4%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 1864.9%ROA -0.4%derived: net income ÷ equity · derived: net income ÷ assets’17’19’21’23’25

return on equity 6% (FY2017) → 1865% (FY2025) · on assets -0.4%

Balance sheetLiabilitiesEquity
$0$100B$200B$300BFY2017 · Liabilities $218.47B · Equity $13.42BFY17Liabilities $218.47BEquity $13.42B0001333986-19-000010 · filed 2019-03-08FY2018 · Liabilities $205.18B · Equity $13.87BFY18Liabilities $205.18BEquity $13.87B0001333986-20-000015 · filed 2020-02-27FY2019 · Liabilities $234.41B · Equity $13.46BFY19Liabilities $234.41BEquity $13.46B0001333986-21-000011 · filed 2021-02-24FY2020 · Liabilities $258.08B · Equity $15.58BFY20Liabilities $258.08BEquity $15.58B0001333986-22-000006 · filed 2022-02-22FY2021 · Liabilities $278.70B · Equity $11.52BFY21Liabilities $278.70BEquity $11.52B0001333986-23-000004 · filed 2023-02-21FY2022 · Liabilities $249.11B · Equity $1.40BFY22Liabilities $249.11BEquity $1.40B0001333986-24-000009 · filed 2024-02-26FY2023 · Liabilities $271.66B · Equity $2.65BFY23Liabilities $271.66BEquity $2.65B0001333986-25-000011 · filed 2025-02-24FY2024 · Liabilities $292.18B · Equity $1.56BFY24Liabilities $292.18BEquity $1.56B0001333986-26-000012 · filed 2026-02-25FY2025 · Liabilities $316.20B · Equity −$74.0MFY25Liabilities $316.20BEquity −$74.0M0001333986-26-000012 · filed 2026-02-25FY25Liabilities $316.20BEquity −$74.0M0001333986-26-000012 · filed 2026-02-25’17’19’21’23’25

FY2025: $317.99B assets · $316.20B liabilities · −$74.0M equity

The receipts