EQHEquitable Holdings, Inc.
Insurance Agents, Brokers & Service
- Revenue
- $11.7B
- 6.1% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$13.3B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowFired247% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $7.6B | $12.6B | $10.5B | $12.4B | $11.7B | 6.1% |
| Net income | $2K | $2K | $1K | $1K | −$1K | 206% |
| Operating cash flow | −$193M | −$250M | −$208M | $2.0B | $714M | 64% |
| Stock-based comp | $274M | $328M | $294M | $313M | $262M | 16% |
| Buybacks | $1.6B | $849M | $919M | $1.0B | $1.4B | 43% |
| Dividends | $296M | $294M | $301M | $302M | $314M | 4.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $3M · 5
- Net
- −$3M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $18M | $19M | 223 | 184 |
| FY2024 | $17M | $40M | 213 | 183 |
| FY2023 | $16M | $19M | 149 | 136 |
| FY2022 | $15M | $7M | 125 | 126 |
| FY2021 | $14M | $28M | 140 | 131 |