Equitable Holdings, Inc. · Insurance Agents, Brokers & Service

EQH

Moderate riskNext report: In 6 days (est.)

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The short version

A company still losing money with shrinking sales.

Going well

Buying back shares: share count down 22% in 3 years
Raised its dividend (2.0% yield)

Watch out for

Sales down 30% in the latest quarter vs a year ago
Owes more than it owns (negative equity)
Losing money

Money moves

No insider buying or selling in the last 30 days
Institutions added 1.2% to their holdings in the quarter ending June 2026 (205 bought, 327 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$53.59+1.6% that day

Company value: $14.6B; Share price times all shares
Price vs sales: 1.4x; No profit over the last year, so this compares value with sales instead
Dividend yield: 2.0%; Yearly dividend as a share of today's price
Cash vs value: 117%; A big cushion: cash is a large part of what the company is worth
Debt vs value: 26%; Debt as a share of company value

From EQH's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$1.7B-30% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $10.6B, down 22% from the 12 months before. Over 5 years, sales shrank about 1.2% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of EQH. Starting points are the company's recent numbers.

Sales growth-10% a yearRecently: -22% a yearProfit margin4%Last 12 months: 4.3%P/E at the end15xMany steady companies trade at 12x to 25xShare count change-5% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$6.3B

Profit in 5 years$251M

Price these guesses point to$17.80-67% vs $53.59 todayAbout -20% a year, before dividends

What today's price needs: with a 4% margin and a 15x P/E, sales would have to grow about 12% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.0.0%
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.0.0%
MissProfitable every yearSteady profits, not one good year.7 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$714.0M
PassShare count not growingNot diluting owners. Falling means buybacks.-21.5% in 3 years

Revenue: $11.7B; -6.1% vs prior year
5-year growth: -1.2%/yr; revenue, per year
Total debt: $3.8B
Free cash flow: $714.0M; 6.1% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.