Equitable Holdings vs Voya Financial
Equitable Holdings is the larger business, with $11.66bn of revenue in fiscal 2025 against $8.19bn for Voya Financial (1.4 times as much). Voya Financial grew faster (1.7% against -6.1%). Voya Financial kept more of each dollar of sales as profit: a net margin of 8.0% against -11.8%.
| Latest fiscal year | Equitable HoldingsEQH, 2025 | Voya FinancialVOYA, 2025 |
|---|---|---|
| Revenue | $11.66bn | $8.19bn |
| Revenue growth | -6.1% | 1.7% |
| Net income | −$1.38bn | $654m |
| Operating margin | — | 12.7% |
| Net margin | -11.8% | 8.0% |
| Return on equity | -185.1% | 14.6% |
| Free cash flow | — | $1.29bn |
| Cash | $12.46bn | $1.35bn |
| Total debt | $3.86bn | $2.69bn |
| Debt to equity | — | 54.3% |
| Dividend per share | $1.05 | $1.82 |
| Dividend yield | — | — |
| Share buybacks | $1.45bn | $200m |
| Employees | 8,000 | 11,000 |
| Market value | $15.18bn | $9.33bn |
| Price vs our value range | — | — |
| Moat score | 29 (Weak) | 46 (Moderate) |
| Insider trades, 12 months | 1 buys, 58 sales | 0 buys, 9 sales |