Equitable Holdings (EQH) AI Stock Analysis

• Market Cap: $13.42B
• Dividend Yield: 2.24%
• Average Volume (3M): 3.06M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.13
• Revenue Growth: 7.70%
• EPS Growth: -155.12%
• Country: US
• Employees: 8,000
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Diversified
• EPS (TTM): 1.48
• Shares Outstanding: 286,532,040
• 10 Day Avg. Volume: 3,359,483
• 30 Day Avg. Volume: 3,055,712
• PEG Ratio: 1.23
• Price to Book (P/B): 9.56
• Price to Sales (P/S): 1.22
• P/FCF Ratio: 10.20
• Enterprise Value/Market Cap: 1.62
• Enterprise Value/Revenue: 1.81
• Enterprise Value/Gross Profit: 3.16
• Enterprise Value/Ebitda: 28.57
• 1Y Price Target: $62.38
• Price Target Upside: 33.23% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 5.66
• Revenue Forecast (FY): $15.02B

• Rating: 40 Underperform
• Price Target: $43.00 ▼(-8.16% Downside)

Equitable Holdings' overall stock score is primarily impacted by its financial performance challenges, including declining revenues, high leverage, and cash flow issues. The technical analysis indicates a bearish trend, further weighing on the score. While the valuation offers some dividend income potential, the negative P/E ratio raises concerns. The earnings call provided mixed insights, with strong asset growth but declining earnings.

Positive Factors

Assets Under Management Growth

The increase in assets under management indicates strong future growth potential, enhancing Equitable's market position and revenue base.

Wealth Management Expansion

Strong growth in wealth management suggests increased client engagement and effective advisory services, bolstering long-term revenue streams.

Capital Deployment Strategy

Strategic capital deployment, including debt reduction and share repurchases, enhances financial flexibility and supports sustainable growth.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities.

Declining Operating Earnings

A decline in operating earnings reflects operational challenges, which may hinder profitability and affect long-term financial health.

Cash Flow Challenges

Significant cash flow challenges can constrain the company's ability to fund operations and invest in future growth, impacting stability.

Equitable Holdings Business Overview & Revenue Model

Company Description

Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals. The Group Retirement segment 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. The Investment Management and Research segment offers diversified investment management, research, and related solutions to various clients through institutional, retail, and private wealth management channels; and distributes its institutional research products and solutions. The Protection Solutions segment provides various variable universal life, indexed universal life, and term life products to help affluent and high net worth individuals, as well as small and medium-sized business owners; and a suite of life, short- and long-term disability, dental, and vision insurance products to small and medium-size businesses. 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.

How the Company Makes Money

Equitable Holdings generates revenue through multiple key streams. Primarily, the company earns money through the sale of life insurance policies and annuities, which contribute to its premiums and investment income. The investment management segment also plays a crucial role, as Equitable manages assets for both individual and institutional clients, earning management fees. Additionally, the company benefits from fees associated with its retirement solutions, including 401(k) plans and other retirement accounts. Significant partnerships with financial advisors and distribution networks further enhance its reach and revenue potential. Furthermore, the performance of its investment portfolio, which includes equities, fixed income, and alternative investments, influences its earnings through capital gains and investment income.

Equitable Holdings Financial Statement Overview

Summary

Equitable Holdings is facing significant financial challenges, including declining revenues, negative net profit margins, high leverage, and cash flow constraints. Despite a strong gross profit margin, the overall financial health is weakened by negative net income and high debt levels.

Income Statement

Equitable Holdings has experienced a significant decline in revenue over the TTM period, with a negative revenue growth rate of -11.93%. The gross profit margin remains relatively strong at 66.42%, but the net profit margin has turned negative, indicating profitability challenges. The EBIT and EBITDA margins have also deteriorated, reflecting operational inefficiencies.

Balance Sheet

The company's balance sheet shows high leverage, with a debt-to-equity ratio of 25.90, indicating significant reliance on debt financing. The return on equity is negative, suggesting that the company is not generating sufficient returns on shareholder investments. The equity ratio is low, highlighting potential financial instability.

Cash Flow

Equitable Holdings' cash flow situation is concerning, with a dramatic decline in free cash flow growth of -93.04% over the TTM period. The operating cash flow to net income ratio is zero, indicating cash flow challenges. However, the free cash flow to net income ratio is relatively healthy, suggesting some ability to cover net income with free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.01B	12.44B	10.53B	12.64B	7.61B	12.41B
Gross Profit	6.88B	6.60B	5.19B	7.58B	7.32B	2.90B
EBITDA	761.00M	3.20B	1.78B	3.83B	3.37B	864.00M
Net Income	-696.00M	1.31B	1.30B	2.15B	1.75B	-648.00M
Balance Sheet
Total Assets	314.41B	295.87B	276.81B	252.70B	292.26B	275.40B
Cash, Cash Equivalents and Short-Term Investments	42.94B	83.61B	75.27B	67.64B	83.40B	11.73B
Total Debt	6.36B	6.78B	5.63B	5.23B	5.12B	5.28B
Total Liabilities	312.46B	292.30B	271.66B	249.11B	278.70B	258.08B
Stockholders Equity	148.00M	1.58B	2.65B	1.40B	11.52B	15.58B
Cash Flow
Free Cash Flow	1.18B	1.49B	-325.00M	-417.00M	-313.00M	-168.00M
Operating Cash Flow	1.25B	1.64B	-208.00M	-250.00M	-193.00M	-61.00M
Investing Cash Flow	-13.85B	-15.36B	-4.85B	-7.49B	-12.69B	-7.82B
Financing Cash Flow	16.60B	12.10B	9.00B	7.04B	11.95B	9.67B

Equitable Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 46.82
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EQH, the sentiment is Neutral. The current price of 46.82 is above the 20-day moving average (MA) of 45.45, below the 50-day MA of 48.13, and below the 200-day MA of 50.73, indicating a neutral trend. The MACD of -0.75 indicates Negative momentum. The RSI at 53.78 is Neutral, neither overbought nor oversold. The STOCH value of 93.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EQH.

Equitable Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HIG	82 Outperform	$38.33B	11.24	20.07%	1.66%	7.11%	22.52%
ACGL	79 Outperform	$34.23B	8.83	17.81%	―	16.68%	-28.54%
PFG	73 Outperform	$18.59B	12.32	13.74%	3.67%	12.33%	―
AEG	69 Neutral	$12.49B	8.67	14.42%	5.62%	-6.19%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
AIG	59 Neutral	$41.03B	13.63	7.68%	2.11%	-23.02%	52.43%
EQH	40 Underperform	$13.42B	―	-41.33%	2.24%	7.70%	-155.12%

Equitable Holdings Corporate Events

Equitable Holdings Reports Q3 2025 Financial Results

Equitable Holdings, Inc. is a prominent financial services holding company that operates in the retirement, asset management, and wealth management sectors, with a significant presence through its subsidiaries Equitable, AllianceBernstein, and Equitable Advisors. The company manages over $1 trillion in assets and serves more than 5 million clients globally.

Equitable Holdings Reports Mixed Q3 Earnings Call

Equitable Holdings, Inc. recently held its earnings call, revealing a mixed sentiment characterized by strong growth in certain areas and challenges in others. The company reported impressive growth in assets under management and wealth management, alongside successful capital deployment strategies. However, these positives were tempered by a decline in operating earnings, net outflows in asset management, and elevated mortality impacts affecting the quarter’s performance. Despite these mixed results, Equitable Holdings appears well-positioned for future growth.

Equitable Holdings Reports Q3 2025 Financial Results

Equitable Holdings reported its third-quarter 2025 financial results, highlighting a net loss of $1.3 billion due to a one-time impact from a life reinsurance transaction. Despite this, the company achieved non-GAAP operating earnings of $455 million, with strong net inflows in retirement and wealth management sectors and a record $1.1 trillion in assets under management. The company is deploying $1.5 billion in capital for shareholder value, including buybacks, debt repayment, and growth investments, and has acquired Stifel Independent Advisors to enhance its wealth management operations.

The most recent analyst rating on (EQH) stock is a Buy with a $63.00 price target. To see the full list of analyst forecasts on Equitable Holdings stock, see the EQH Stock Forecast page.

Equitable Holdings Updates Segment Reporting Structure

Equitable Holdings announced changes to its segment reporting following the closure of a transaction with RGA Reinsurance Company on July 31, 2025. The reorganization, effective from the third quarter of 2025, combines the Individual Retirement and Group Retirement segments into a single Retirement segment and moves its legacy and life insurance business to the Corporate and Other segment. These changes are intended to better reflect the company’s operational decision-making and performance assessment, with no impact on previously reported consolidated financial statements.

The most recent analyst rating on (EQH) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on Equitable Holdings stock, see the EQH Stock Forecast page.

Equitable Holdings Announces Early Results of Tender Offer

On September 9, 2025, Equitable Holdings announced the early results of its cash tender offer to purchase certain debt securities, revealing that $1,068,736,000 in aggregate principal amount of notes were validly tendered. The company increased the Series Cap for Acceptance Priority Level 1 to $500 million, meaning notes in levels 2 and 3 will not be accepted. The tendered notes will be purchased, retired, and canceled on the expected early settlement date of September 11, 2025, with holders receiving a premium and accrued interest.

The most recent analyst rating on (EQH) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on Equitable Holdings stock, see the EQH Stock Forecast page.

Equitable Holdings Amends Reimbursement Agreements with Banks

On August 25, 2025, Equitable Holdings, Inc. amended its Reimbursement Agreements with Commerzbank AG and MUFG Bank to align with its Revolving Credit Agreement, introducing changes to financial covenants and extending the Commitment Termination Date by two years. Earlier, on August 21 and August 26, 2025, the company terminated several bilateral letter of credit facilities with multiple banks, including Barclays Bank PLC and Citibank Europe PLC, marking a strategic shift in its financial operations.

The most recent analyst rating on (EQH) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on Equitable Holdings stock, see the EQH Stock Forecast page.