# Equitable Holdings, Inc. (EQH) — Stock CV

Equitable Holdings, Inc. is a $14.4B financial services company. Revenue shrank 22.1% over the last year, and it currently loses money.

> Equitable Holdings Inc is a financial services company providing retirement, asset management, and wealth management solutions for individual and institutional clients, operating through three segments.

## Identity

- **Ticker**: EQH
- **Sector**: Financial Services
- **Industry**: Insurance Agents, Brokers & Service
- **Headquarters**: NEW YORK, NY
- **Employees**: 8 000
- **Website**: https://www.equitable.com
- **Market cap**: $14.4B
- **Last price**: $52.92
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $10.6B
- **Net income**: -$926M
- **Free cash flow**: $1.30B
- **Net cash**: $8.60B
- **P/E**: 6.5
- **Revenue growth (YoY)**: -22.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 75 |
| Growth | 18 |
| Profitability | 20 |
| Health | 53 |
| Quality | 36 |
| Moat | 13 |

## Qualifications (beginner checklist) — 6 of 11 passed

- [ ] Revenue growing — -22.1% YoY
- [ ] Profitable — -$926M TTM
- [ ] Profit growing — -205.6% YoY
- [x] Generates cash — $1.30B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $14.4B market cap
- [x] Not printing shares — -33.8% shares over ~5y
- [ ] Proven track record — 4/8 profitable years
- [ ] Financially stable — health score 28/100
- [x] Pays a dividend — yield 2.58%
- [x] Valuation not extreme — P/E 6.5

## Experience (career milestones)

- **2026** — Equitable Holdings announced a merger with Corebridge Financial through a all-stock merger worth $22…
- **FY2022** — Became debt-free: cash now exceeds total debt
- **2020** — It changed its name to Equitable Holdings, Inc
- **Jan 14, 2020** — Equitable unveiled its new branding
- **Nov 7, 2019** — AXA announced the sale of its remaining stake in AXA Equitable Holdings (EQH), selling 144…
- **FY2018** — First recorded profitable year: $1.82B net income
- **FY2018** — Revenue already above $10B: $12.1B in first reported year
- **FY2018** — Best year on record: $1.82B net income
- **2004** — The company officially changed its name to AXA Equitable Life Insurance Company
- **Jul 18, 1991** — AXA Group of France bought a $1 billion stake in Equitable Life Assurance Society, for a 49% stake…
- **1905** — James Waddell Alexander was the company president at the time of the Hyde costume ball scandal in 1905
- **1859** — Equitable Holdings, Inc. (formerly The Equitable Life Assurance Society of the United States and AXA Equitable Life…

## Strengths

- High gross margin (51.9%)
- Net cash position after subtracting debt from cash

## Watch-outs

- Revenue shrinking 22.1% year over year
- Not profitable — 8.7% net margin
- Thin interest coverage (0.5×)
- Loss-making in 4 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $11.0B | -$439M | -$756M |
| FY2022 | $14.0B | $1.78B | -$851M |
| FY2023 | $10.5B | $1.30B | -$208M |
| FY2024 | $12.4B | $1.31B | $2.01B |
| FY2025 | $11.7B | -$1.38B | $714M |

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Source: https://stockcv.com/EQH — derived from company filings; may be delayed or incomplete. Information, not investment advice.