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Brighthouse Financial vs Voya Financial

Voya Financial is the larger business, with $8.19bn of revenue in fiscal 2025 against $6.77bn for Brighthouse Financial (1.2 times as much). Brighthouse Financial grew faster (43.2% against 1.7%). Voya Financial kept more of each dollar of sales as profit: a net margin of 8.0% against 6.4%. Brighthouse Financial carries less debt relative to equity (46.6% against 54.3%).

Latest fiscal yearBrighthouse FinancialBHF, 2025Voya FinancialVOYA, 2025
Revenue $6.77bn $8.19bn
Revenue growth 43.2% 1.7%
Net income $433m $654m
Operating margin — 12.7%
Net margin 6.4% 8.0%
Return on equity 7.4% 14.6%
Free cash flow — $1.29bn
Cash $5.39bn $1.35bn
Total debt $3.15bn $2.69bn
Debt to equity 46.6% 54.3%
Dividend per share — $1.82
Dividend yield — —
Share buybacks $102m $200m
Employees 1,400 11,000
Market value $2.44bn $9.33bn
Price vs our value range — —
Moat score 20 (Weak) 46 (Moderate)
Insider trades, 12 months 0 buys, 0 sales 0 buys, 9 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.