Equitable (EQH) Financials

$47.32 +0.08 (+0.16%)

Closing price 03:59 PM Eastern

Extended Trading

$47.32 +0.01 (+0.02%)

As of 05:07 PM Eastern

Annual Income Statements for Equitable

This table shows Equitable's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	1,254	834	1,855	-1,764	-701	1,676	2,073	1,222	1,227
Consolidated Net Income / (Loss)	1,649	1,257	2,189	-1,467	-349	2,170	2,394	1,643	1,823
Net Income / (Loss) Continuing Operations	1,649	1,257	2,189	-1,467	-349	2,170	2,394	1,643	1,823
Total Pre-Tax Income	2,027	1,306	2,490	-2,060	-1,093	2,609	2,992	738	2,111
Total Operating Income	2,269	1,481	3,874	-649	-415	3,217	5,614	3,837	4,975
Total Gross Profit	5,557	5,134	7,220	3,080	4,249	1,595	8,672	6,159	7,433
Total Revenue	11,831	12,475	12,155	9,546	11,671	6,746	13,589	11,241	12,570
Operating Revenue	13,679	12,261	12,405	13,558	13,393	13,895	12,682	13,638	15,121
Other Revenue	-1,848	214	-250	-4,012	-1,722	-7,149	907	-2,397	-2,551
Total Cost of Revenue	6,274	7,341	4,935	6,466	7,422	5,151	4,917	5,082	5,137
Operating Cost of Revenue	6,274	7,341	4,935	6,466	7,422	5,151	4,917	5,082	5,137
Total Operating Expenses	3,288	3,653	3,346	3,729	4,664	-1,622	3,058	2,322	2,458
Selling, General & Admin Expense	1,509	2,069	1,810	1,890	1,700	2,107	2,185	1,898	1,822
Amortization Expense	779	503	371	597	1,613	552	586	641	711
Other Operating Expenses / (Income)	1,000	1,081	1,165	1,242	1,351	-4,281	287	-217	-75
Total Other Income / (Expense), net	-242	-175	-1,384	-1,411	-678	-608	-2,622	-3,099	-2,864
Interest Expense	174	160	1,298	1,484	1,422	1,476	1,677	2,386	2,731
Other Income / (Expense), net	-	-	-86	73	744	868	-945	-713	-133
Income Tax Expense	378	49	301	-593	-744	439	598	-905	288
Preferred Stock Dividends Declared	-	-	0.00	0.00	53	79	80	80	80
Net Income / (Loss) Attributable to Noncontrolling Interest	395	423	334	297	299	415	241	341	516
Basic Earnings per Share	$2.24	$1.49	$3.33	($3.57)	($1.56)	$4.02	$5.49	$3.49	$3.82
Weighted Average Basic Shares Outstanding	561M	561M	556.40M	493.60M	450.40M	417.40M	377.60M	350.10M	321.20M
Diluted Earnings per Share	$2.24	$1.49	$3.33	($3.57)	($1.56)	$3.98	$5.46	$3.48	$3.78
Weighted Average Diluted Shares Outstanding	561M	561M	556.50M	493.60M	450.40M	421.20M	379.90M	351.60M	324.80M
Weighted Average Basic & Diluted Shares Outstanding	-	-	521.19M	463.71M	435.54M	389.56M	361.81M	329.71M	307.82M
Cash Dividends to Common per Share	$0.00	$0.00	$0.26	$0.58	$0.66	$0.71	$0.78	$0.86	$0.94

This table shows Equitable's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	580	36	163	733	1,050	-724	100	402	-148	873
Consolidated Net Income / (Loss)	648	138	266	831	1,135	-589	217	565	26	1,015
Net Income / (Loss) Continuing Operations	648	138	266	831	1,135	-589	217	565	26	1,015
Total Pre-Tax Income	825	158	-459	539	1,475	-817	247	681	-14	1,197
Total Operating Income	1,606	1,000	156	1,095	2,546	40	910	1,348	811	1,906
Total Gross Profit	2,127	969	1,131	1,716	2,749	563	972	1,944	1,888	2,629
Total Revenue	3,324	1,871	2,444	2,377	4,035	2,385	2,269	3,510	3,122	3,669
Operating Revenue	3,125	3,180	3,285	3,294	3,420	3,639	3,645	3,718	3,836	3,922
Other Revenue	199	-1,309	-841	-917	615	-1,254	-1,376	-208	-714	-253
Total Cost of Revenue	1,197	902	1,313	661	1,286	1,822	1,297	1,566	1,234	1,040
Operating Cost of Revenue	1,197	902	1,313	661	1,286	1,822	1,297	1,566	1,234	1,040
Total Operating Expenses	521	-31	975	621	203	523	62	596	1,077	723
Selling, General & Admin Expense	496	572	423	466	450	559	553	427	329	513
Amortization Expense	148	150	152	155	165	169	172	169	184	186
Total Other Income / (Expense), net	-781	-842	-615	-556	-1,071	-857	-663	-667	-825	-709
Interest Expense	449	787	528	556	660	642	624	667	779	661
Income Tax Expense	177	20	-725	-292	340	-228	30	116	-40	182
Preferred Stock Dividends Declared	14	26	14	26	14	26	14	26	14	26
Net Income / (Loss) Attributable to Noncontrolling Interest	54	76	89	72	71	109	103	137	160	116
Basic Earnings per Share	$1.55	$0.13	$0.45	$2.06	$3.03	($2.05)	$0.30	$1.24	($0.47)	$2.75
Weighted Average Basic Shares Outstanding	374.50M	377.60M	361.90M	355.20M	346.40M	350.10M	330.20M	324.20M	318.20M	321.20M
Diluted Earnings per Share	$1.54	$0.13	$0.45	$2.06	$3.02	($2.05)	$0.30	$1.23	($0.47)	$2.72
Weighted Average Diluted Shares Outstanding	376.80M	379.90M	364.10M	356.10M	348M	351.60M	332.70M	327.30M	318.20M	324.80M
Weighted Average Basic & Diluted Shares Outstanding	370.04M	361.81M	356.08M	347.35M	338.49M	329.71M	325.24M	319.76M	313.34M	307.82M

This table details how cash moves in and out of Equitable's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-903	-840	-333	1.00	1,813	-952	-748	3,964	-1,428
Net Cash From Operating Activities	-236	-243	61	-216	-61	-193	-250	-208	2,006
Net Cash From Continuing Operating Activities	-236	-243	61	-216	-61	-193	-250	-208	2,006
Net Income / (Loss) Continuing Operations	1,649	1,257	2,189	-1,467	-349	2,170	2,394	1,643	1,823
Consolidated Net Income / (Loss)	1,649	1,257	2,189	-1,467	-349	2,170	2,394	1,643	1,823
Depreciation Expense	758	399	296	675	1,757	519	636	812	860
Non-Cash Adjustments To Reconcile Net Income	-1,942	-1,449	-2,582	666	-438	-2,364	-3,195	-758	-107
Changes in Operating Assets and Liabilities, net	-701	-450	158	-90	-1,031	-518	-85	-1,905	-570
Net Cash From Investing Activities	-5,768	-9,689	-2,049	-8,496	-7,823	-12,689	-7,487	-4,851	-15,855
Net Cash From Continuing Investing Activities	-5,768	-9,689	-2,049	-8,496	-7,823	-12,689	-7,487	-4,851	-15,855
Purchase of Property, Plant & Equipment	-98	-102	-123	-93	-107	-120	-167	-117	-153
Acquisitions	-72	-130	-	-	0.00	0.00	40	0.00	0.00
Purchase of Investments	-25,448	-35,853	-29,486	-34,893	-30,315	-52,096	-22,014	-18,317	-27,109
Sale of Property, Plant & Equipment	740	-	768	952	630	1,696	1,154	446	1,170
Divestitures	136	0.00	139	5.00	219	215	0.00	0.00	0.00
Sale and/or Maturity of Investments	20,052	27,354	27,151	26,993	23,657	41,396	17,066	15,517	13,634
Other Investing Activities, net	-1,078	-958	-498	-1,460	-1,907	-3,780	-3,566	-2,380	-3,397
Net Cash From Financing Activities	5,111	9,070	1,655	8,705	9,674	11,948	7,045	9,000	12,441
Net Cash From Continuing Financing Activities	5,111	9,070	1,655	8,705	9,674	11,948	7,045	9,000	12,518
Repayment of Debt	-4,989	-4,125	-9,034	-4,899	-4,284	-7,304	-6,827	-10,316	-11,292
Repurchase of Preferred Equity	-	-	-1,314	-573	-	-	0.00	0.00	-55
Repurchase of Common Equity	0.00	0.00	-648	-1,350	-430	-1,637	-849	-919	-1,014
Payment of Dividends	-294	-348	-503	-541	-654	-767	-775	-715	-766
Issuance of Debt	4.00	1,394	4,057	-546	0.00	0.00	0.00	497	0.00
Other Financing Activities, net	10,163	12,149	9,097	15,839	14,548	21,363	15,496	20,453	25,645
Effect of Exchange Rate Changes	-10	22	-	8.00	23	-18	-56	23	-20
Cash Interest Paid	119	119	178	273	215	215	263	344	318
Cash Income Taxes Paid	31	31	57	-506	-173	305	89	266	-38

This table details how cash moves in and out of Equitable's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-970	301	742	2,674	-1,587	2,135	2,284	-992	-105	-2,615
Net Cash From Operating Activities	229	61	-587	361	410	-392	31	892	683	400
Net Cash From Continuing Operating Activities	229	61	-587	361	411	-393	31	892	683	400
Net Income / (Loss) Continuing Operations	648	138	266	831	1,135	-589	217	565	26	1,015
Consolidated Net Income / (Loss)	648	138	266	831	1,135	-589	217	565	26	1,015
Depreciation Expense	213	245	224	156	196	236	240	189	211	220
Non-Cash Adjustments To Reconcile Net Income	-610	-317	-154	37	-995	354	-266	331	686	-858
Changes in Operating Assets and Liabilities, net	-22	-5.00	-923	-663	75	-394	-160	-193	-240	23
Net Cash From Investing Activities	-2,524	-3,215	-1,430	-1,087	-2,449	115	-2,682	-5,245	-2,392	-5,536
Net Cash From Continuing Investing Activities	-2,524	-3,215	-1,430	-1,087	-2,449	115	-2,682	-5,245	-2,392	-5,536
Purchase of Property, Plant & Equipment	-83	-65	-18	-39	-25	-35	-63	-36	-28	-26
Purchase of Investments	-3,567	-3,938	-3,375	-6,424	-5,876	-2,642	-5,175	-9,089	-5,020	-7,825
Sale of Property, Plant & Equipment	-	-	81	155	117	93	256	204	550	160
Sale and/or Maturity of Investments	2,358	1,681	2,443	5,692	3,843	3,539	2,581	4,117	3,213	3,723
Other Investing Activities, net	-1,272	-2,047	-561	-471	-508	-840	-281	-441	-1,107	-1,568
Net Cash From Financing Activities	1,363	3,421	2,749	3,394	470	2,387	4,945	3,364	1,583	2,549
Net Cash From Continuing Financing Activities	1,362	3,422	2,749	3,394	470	2,387	4,945	3,364	1,583	2,626
Repayment of Debt	-1,919	-1,993	-2,660	-2,893	-1,898	-2,865	-2,820	-2,703	-2,994	-2,775
Repurchase of Common Equity	-200	-150	-214	-226	-238	-241	-253	-247	-254	-260
Payment of Dividends	-169	-183	-175	-189	-169	-182	-186	-194	-179	-207
Other Financing Activities, net	3,650	5,748	5,302	6,702	2,774	5,675	8,204	6,508	5,010	5,923
Effect of Exchange Rate Changes	-38	34	10	6.00	-18	25	-10	-3.00	21	-28

This table presents Equitable's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	235,615	220,797	249,818	275,397	292,262	252,702	276,814	295,866
Total Current Assets	4,814	4,469	70,748	6,179	5,188	4,281	8,239	86,753
Cash & Equivalents	4,814	4,469	4,405	6,179	5,188	4,281	8,239	6,964
Short-Term Investments	-	-	66,343	-	-	-	-	79,789
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	230,801	216,328	179,070	266,730	287,074	248,421	268,575	209,113
Long-Term Investments	81,782	81,333	26,997	95,928	91,078	76,616	84,002	36,658
Goodwill	4,824	4,780	4,751	4,737	4,728	5,482	5,433	5,371
Noncurrent Deferred & Refundable Income Taxes	84	-	-	0.00	195	781	2,050	1,997
Other Noncurrent Operating Assets	144,111	130,215	147,322	152,906	177,040	149,061	158,919	165,087
Total Liabilities & Shareholders' Equity	235,615	220,797	249,818	275,397	292,262	252,702	276,814	295,866
Total Liabilities	218,471	205,178	234,406	258,077	278,699	249,106	271,656	292,298
Total Current Liabilities	7,287	4,533	4,651	5,120	5,073	5,723	4,058	3,340
Short-Term Debt	-	-	-	-	92	759	254	0.00
Accounts Payable	2,229	3,095	2,523	3,417	3,600	3,323	2,201	1,933
Other Current Liabilities	5,058	1,438	1,404	1,381	1,381	1,533	1,450	1,407
Other Current Nonoperating Liabilities	-	0.00	724	322	0.00	108	153	0.00
Total Noncurrent Liabilities	211,184	200,645	229,755	252,957	273,626	243,383	267,598	288,958
Long-Term Debt	2,408	4,955	4,111	4,115	3,839	3,322	3,820	3,833
Other Noncurrent Operating Liabilities	208,776	195,690	225,116	248,093	269,787	240,061	263,778	285,125
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	626	187	365	143	468	455	770	125
Total Equity & Noncontrolling Interests	16,518	15,432	15,047	17,177	13,095	3,141	4,388	3,443
Total Preferred & Common Equity	13,421	13,866	13,456	15,576	11,519	1,401	2,649	1,585
Total Common Equity	13,421	13,866	13,456	15,576	11,519	1,401	2,649	1,585
Common Stock	1,304	1,913	1,925	1,990	1,923	2,303	2,333	2,341
Retained Earnings	12,225	13,989	11,744	10,699	8,880	9,825	10,243	10,647
Treasury Stock	0.00	-640	-1,832	-2,245	-2,850	-3,297	-3,712	-4,198
Accumulated Other Comprehensive Income / (Loss)	-108	-1,396	844	3,863	2,004	-8,992	-7,777	-8,712
Other Equity Adjustments	-	0.00	775	1,269	1,562	1,562	1,562	1,507
Noncontrolling Interest	3,097	1,566	1,591	1,601	1,576	1,740	1,739	1,858

This table presents Equitable's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	245,600	261,500	269,006	260,252	285,577	287,769	298,989
Total Current Assets	4,139	72,454	75,491	72,209	10,357	84,983	89,739
Cash & Equivalents	4,139	5,018	7,693	6,096	10,357	9,684	9,579
Short-Term Investments	-	67,436	67,798	66,113	-	75,299	80,160
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	240,172	189,046	193,515	188,043	275,220	202,786	209,250
Long-Term Investments	76,829	28,787	29,924	31,096	84,050	32,427	34,086
Goodwill	5,635	5,478	5,463	5,448	5,419	5,403	5,388
Noncurrent Deferred & Refundable Income Taxes	2,222	1,294	1,726	2,035	2,063	2,117	1,701
Other Noncurrent Operating Assets	139,798	153,487	156,402	149,464	165,118	162,839	168,075
Total Liabilities & Shareholders' Equity	245,600	261,500	269,006	260,252	285,577	287,769	298,989
Total Liabilities	240,413	255,416	263,215	256,335	280,831	283,296	292,791
Total Current Liabilities	4,709	4,932	4,059	3,961	3,778	3,423	3,216
Short-Term Debt	-	751	0.00	0.00	0.00	0.00	0.00
Accounts Payable	3,361	2,595	2,526	2,321	2,162	2,060	1,795
Other Current Liabilities	1,348	1,428	1,404	1,424	1,377	1,363	1,421
Other Current Nonoperating Liabilities	-	158	129	216	239	0.00	0.00
Total Noncurrent Liabilities	235,704	250,484	259,156	252,374	277,053	279,873	289,575
Long-Term Debt	4,088	3,819	3,819	3,820	3,821	3,830	3,831
Other Noncurrent Operating Liabilities	231,616	246,665	255,337	248,554	273,232	276,043	285,744
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	354	613	531	636	991	1,088	1,223
Total Equity & Noncontrolling Interests	4,833	5,471	5,260	3,281	3,755	3,385	4,975
Total Preferred & Common Equity	3,354	3,754	3,553	1,642	2,032	1,644	3,220
Total Common Equity	3,354	3,754	3,553	1,642	2,032	1,644	3,220
Common Stock	2,031	2,302	2,301	2,311	2,327	2,342	2,348
Retained Earnings	10,839	9,806	10,325	11,163	10,110	10,317	9,977
Treasury Stock	-3,202	-3,400	-3,493	-3,592	-3,801	-3,932	-4,072
Accumulated Other Comprehensive Income / (Loss)	-7,876	-6,516	-7,142	-9,802	-8,166	-8,645	-6,595
Other Equity Adjustments	1,562	1,562	1,562	1,562	1,562	1,562	1,562
Noncontrolling Interest	1,479	1,717	1,707	1,639	1,723	1,741	1,755

This table displays calculated financial ratios and metrics derived from Equitable's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	5.44%	-2.57%	-21.46%	22.26%	-42.20%	101.44%	-17.28%	11.82%
EBITDA Growth	0.00%	-37.89%	117.23%	-97.58%	2,007.07%	120.71%	15.23%	-25.81%	44.87%
EBIT Growth	0.00%	-34.73%	155.77%	-115.21%	157.12%	1,141.64%	14.30%	-33.09%	54.99%
NOPAT Growth	0.00%	-22.78%	138.92%	-113.34%	36.06%	1,021.07%	67.88%	90.17%	-49.71%
Net Income Growth	0.00%	-23.77%	74.14%	-167.02%	76.21%	721.78%	10.32%	-31.37%	10.96%
EPS Growth	0.00%	-33.48%	123.49%	-207.21%	56.30%	355.13%	37.19%	-36.26%	8.62%
Operating Cash Flow Growth	0.00%	-2.97%	125.10%	-454.10%	71.76%	-216.39%	-29.53%	16.80%	1,064.42%
Free Cash Flow Firm Growth	0.00%	0.00%	-97.68%	643.27%	-57.26%	-127.53%	15.99%	1,665.54%	104.80%
Invested Capital Growth	0.00%	0.00%	2.71%	-18.81%	-6.89%	4.91%	7.19%	-13.33%	-40.01%
Revenue Q/Q Growth	0.00%	0.00%	23.16%	-26.59%	-13.41%	-8.00%	22.50%	4.79%	11.38%
EBITDA Q/Q Growth	0.00%	0.00%	73.71%	-97.36%	-31.67%	328.94%	-38.36%	-29.94%	43.09%
EBIT Q/Q Growth	0.00%	0.00%	122.43%	-118.90%	-74.18%	267.69%	-41.87%	-34.88%	55.74%
NOPAT Q/Q Growth	0.00%	0.00%	134.51%	-114.90%	-136.02%	256.91%	-29.75%	28.71%	-38.79%
Net Income Q/Q Growth	0.00%	0.00%	171.93%	-201.24%	-267.37%	240.18%	-50.52%	-30.68%	732.42%
EPS Q/Q Growth	0.00%	0.00%	382.61%	-275.86%	-34.48%	197.31%	-50.14%	-38.52%	481.82%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	104.29%	-125.00%	-175.31%	54.05%	-66.67%	-184.90%	65.24%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-24.88%	176.32%	18.56%	-249.86%	-36.96%	47.08%
Invested Capital Q/Q Growth	0.00%	0.00%	-0.51%	0.10%	-5.39%	-0.22%	-0.18%	13.11%	-1.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	46.97%	41.15%	59.40%	32.26%	36.41%	23.64%	63.82%	54.79%	59.13%
EBITDA Margin	25.59%	15.07%	33.60%	1.04%	17.87%	68.25%	39.04%	35.01%	45.36%
Operating Margin	19.18%	11.87%	31.87%	-6.80%	-3.56%	47.69%	41.31%	34.13%	39.58%
EBIT Margin	19.18%	11.87%	31.16%	-6.03%	2.82%	60.55%	34.36%	27.79%	38.52%
Profit (Net Income) Margin	13.94%	10.08%	18.01%	-15.37%	-2.99%	32.17%	17.62%	14.62%	14.50%
Tax Burden Percent	81.35%	96.25%	87.91%	71.21%	31.93%	83.17%	80.01%	222.63%	86.36%
Interest Burden Percent	89.33%	88.18%	65.73%	357.64%	-332.22%	63.87%	64.08%	23.62%	43.60%
Effective Tax Rate	18.65%	3.75%	12.09%	0.00%	0.00%	16.83%	19.99%	-122.63%	13.64%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	7.33%	13.36%	-9.46%	-2.13%	14.05%	27.90%	37.54%	41.78%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	0.63%	1.66%	-0.24%	0.13%	1.44%	1.71%	1.18%	1.69%
Return on Assets (ROA)	0.00%	0.53%	0.96%	-0.62%	-0.13%	0.76%	0.88%	0.62%	0.64%
Return on Common Equity (ROCE)	0.00%	5.74%	11.13%	-8.32%	-1.89%	12.33%	21.01%	17.37%	20.27%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.37%	15.79%	-10.90%	-2.24%	18.84%	170.88%	62.02%	115.02%
Net Operating Profit after Tax (NOPAT)	1,846	1,425	3,406	-454	-291	2,676	4,492	8,542	4,296
NOPAT Margin	15.60%	11.43%	28.02%	-4.76%	-2.49%	39.66%	33.06%	75.99%	34.18%
Net Nonoperating Expense Percent (NNEP)	0.00%	-0.40%	-1.47%	-1.17%	-0.06%	-0.53%	-2.48%	-8.38%	-2.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	62.20%	100.95%	59.05%
Cost of Revenue to Revenue	53.03%	58.85%	40.60%	67.74%	63.59%	76.36%	36.18%	45.21%	40.87%
SG&A Expenses to Revenue	12.75%	16.59%	14.89%	19.80%	14.57%	31.23%	16.08%	16.88%	14.49%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.79%	29.28%	27.53%	39.06%	39.96%	-24.04%	22.50%	20.66%	19.55%
Earnings before Interest and Taxes (EBIT)	2,269	1,481	3,788	-576	329	4,085	4,669	3,124	4,842
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,027	1,880	4,084	99	2,086	4,604	5,305	3,936	5,702
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.20	0.57	0.79	0.66	1.07	7.18	4.16	9.33
Price to Tangible Book Value (P/TBV)	0.00	0.32	0.88	1.23	0.95	1.81	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.23	0.22	0.65	1.12	0.88	1.83	0.74	0.98	1.18
Price to Earnings (P/E)	2.19	3.29	4.29	0.00	0.00	7.35	4.85	9.01	12.05
Dividend Yield	0.00%	0.00%	1.83%	3.26%	2.84%	2.33%	2.87%	2.64%	1.99%
Earnings Yield	45.68%	30.38%	23.33%	0.00%	0.00%	13.61%	20.61%	11.10%	8.30%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.14	0.32	0.27	0.24	0.29	1.13	0.79	1.07
Long-Term Debt to Equity	0.00	0.14	0.32	0.27	0.24	0.28	0.92	0.74	1.07
Financial Leverage	0.00	-4.91	-5.04	-5.60	-5.90	-6.23	-9.85	-18.82	-23.79
Leverage Ratio	0.00	13.74	13.93	15.17	16.05	18.38	31.76	60.49	65.63
Compound Leverage Factor	0.00	12.12	9.16	54.24	-53.31	11.74	20.35	14.29	28.61
Debt to Total Capital	0.00%	12.32%	24.08%	21.06%	19.20%	22.47%	53.16%	44.13%	51.79%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.53%	9.89%	2.75%	0.00%
Long-Term Debt to Total Capital	0.00%	12.32%	24.08%	21.06%	19.20%	21.94%	43.27%	41.38%	51.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	19.04%	8.52%	10.02%	8.14%	11.68%	28.59%	27.18%	26.79%
Common Equity to Total Capital	0.00%	68.64%	67.40%	68.92%	72.67%	65.85%	18.25%	28.69%	21.42%
Debt to EBITDA	0.00	1.28	1.21	41.53	1.97	0.85	0.77	1.04	0.67
Net Debt to EBITDA	0.00	-44.78	-19.80	-945.80	-46.98	-20.06	-14.48	-22.40	-20.97
Long-Term Debt to EBITDA	0.00	1.28	1.21	41.53	1.97	0.83	0.63	0.97	0.67
Debt to NOPAT	0.00	1.69	1.45	-9.05	-14.17	1.47	0.91	0.48	0.89
Net Debt to NOPAT	0.00	-59.06	-23.74	206.11	337.32	-34.51	-17.10	-10.32	-27.83
Long-Term Debt to NOPAT	0.00	1.69	1.45	-9.05	-14.17	1.43	0.74	0.45	0.89
Altman Z-Score	0.00	0.14	0.22	0.44	0.13	0.14	0.19	0.17	0.52
Noncontrolling Interest Sharing Ratio	0.00%	21.72%	16.71%	11.95%	11.30%	12.27%	24.70%	53.74%	51.48%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.66	0.99	15.21	1.21	1.02	0.75	2.03	25.97
Quick Ratio	0.00	0.66	0.99	15.21	1.21	1.02	0.75	2.03	25.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	68,469	1,590	11,816	5,050	-1,390	-1,168	18,286	37,450
Operating Cash Flow to CapEx	0.00%	-238.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	427.93	1.22	7.96	3.55	-0.94	-0.70	7.66	13.71
Operating Cash Flow to Interest Expense	-1.36	-1.52	0.05	-0.15	-0.04	-0.13	-0.15	-0.09	0.73
Operating Cash Flow Less CapEx to Interest Expense	2.33	-2.16	0.54	0.43	0.32	0.94	0.44	0.05	1.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.05	0.05	0.04	0.04	0.02	0.05	0.04	0.04
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	3.29	1.85	2.30	2.50	1.47	1.42	1.84	2.49
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	110.83	196.89	158.57	146.06	248.61	256.96	198.37	146.87
Cash Conversion Cycle (CCC)	0.00	-110.83	-196.89	-158.57	-146.06	-248.61	-256.96	-198.37	-146.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	-67,044	-65,228	-77,498	-82,838	-78,772	-73,112	-82,856	-116,010
Invested Capital Turnover	0.00	-0.37	-0.18	-0.13	-0.15	-0.08	-0.18	-0.14	-0.13
Increase / (Decrease) in Invested Capital	0.00	-67,044	1,816	-12,270	-5,340	4,066	5,660	-9,744	-33,154
Enterprise Value (EV)	0.00	-77,720	-71,144	-81,013	-85,923	-77,980	-64,561	-74,649	-102,815
Market Capitalization	2,745	2,745	7,950	10,665	10,325	12,311	10,060	11,009	14,780
Book Value per Share	$0.00	$23.92	$24.83	$27.50	$35.03	$28.46	$3.79	$7.83	$5.06
Tangible Book Value per Share	$0.00	$15.32	$16.27	$17.79	$24.37	$16.78	($11.03)	($8.22)	($12.08)
Total Capital	0.00	19,552	20,574	19,523	21,435	17,494	7,677	9,232	7,401
Total Debt	0.00	2,408	4,955	4,111	4,115	3,931	4,081	4,074	3,833
Total Long-Term Debt	0.00	2,408	4,955	4,111	4,115	3,839	3,322	3,820	3,833
Net Debt	0.00	-84,188	-80,847	-93,634	-97,992	-92,335	-76,816	-88,167	-119,578
Capital Expenditures (CapEx)	-642	102	-645	-859	-523	-1,576	-987	-329	-1,017
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-7,287	-4,533	-4,651	-5,120	-4,981	-4,964	-3,804	-3,340
Debt-free Net Working Capital (DFNWC)	0.00	-2,473	-64	66,097	1,059	207	-683	4,435	83,413
Net Working Capital (NWC)	0.00	-2,473	-64	66,097	1,059	115	-1,442	4,181	83,413
Net Nonoperating Expense (NNE)	197	168	1,217	1,013	59	506	2,098	6,899	2,473
Net Nonoperating Obligations (NNO)	0.00	-84,188	-80,847	-92,910	-100,158	-92,335	-76,708	-88,014	-119,578
Total Depreciation and Amortization (D&A)	758	399	296	675	1,757	519	636	812	860
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-58.41%	-37.29%	-48.72%	-43.87%	-73.84%	-36.53%	-33.84%	-26.57%
Debt-free Net Working Capital to Revenue	0.00%	-19.82%	-0.53%	692.41%	9.07%	3.07%	-5.03%	39.45%	663.59%
Net Working Capital to Revenue	0.00%	-19.82%	-0.53%	692.41%	9.07%	1.70%	-10.61%	37.19%	663.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.24	$1.49	$3.27	($3.51)	($1.56)	($1.24)	$4.52	$3.49	$3.82
Adjusted Weighted Average Basic Shares Outstanding	561M	561M	556.40M	493.60M	450.40M	417.40M	377.60M	350.10M	321.20M
Adjusted Diluted Earnings per Share	$2.24	$1.48	$3.27	($3.51)	($1.56)	($1.24)	$4.49	$3.48	$3.78
Adjusted Weighted Average Diluted Shares Outstanding	561M	561M	556.50M	493.60M	450.40M	417.40M	379.90M	351.60M	324.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	521.19M	463.71M	435.54M	389.56M	361.81M	329.71M	307.82M
Normalized Net Operating Profit after Tax (NOPAT)	1,846	1,425	3,406	-454	-291	2,676	4,492	2,686	4,296
Normalized NOPAT Margin	15.60%	11.43%	28.02%	-4.76%	-2.49%	39.66%	33.06%	23.89%	34.18%
Pre Tax Income Margin	17.13%	10.47%	20.49%	-21.58%	-9.37%	38.67%	22.02%	6.57%	16.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.04	9.26	2.92	-0.39	0.23	2.77	2.78	1.31	1.77
NOPAT to Interest Expense	10.61	8.91	2.62	-0.31	-0.20	1.81	2.68	3.58	1.57
EBIT Less CapEx to Interest Expense	16.73	8.62	3.42	0.19	0.60	3.84	3.37	1.45	2.15
NOPAT Less CapEx to Interest Expense	14.30	8.27	3.12	0.27	0.16	2.88	3.27	3.72	1.95
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.83%	27.69%	22.98%	-36.88%	-187.39%	35.35%	32.37%	43.52%	42.02%
Augmented Payout Ratio	17.83%	27.69%	52.58%	-128.90%	-310.60%	110.78%	67.84%	99.45%	97.64%

This table displays calculated financial ratios and metrics derived from Equitable's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.71%	399.36%	-29.61%	-51.71%	21.39%	27.47%	-7.16%	47.67%	-22.63%	53.84%
EBITDA Growth	7.44%	-66.95%	-68.99%	-25.67%	56.76%	-76.81%	279.18%	22.86%	-58.13%	670.29%
EBIT Growth	-1.70%	-72.35%	-91.41%	-33.52%	67.58%	-95.77%	1,162.32%	23.11%	-64.17%	4,665.00%
NOPAT Growth	35.59%	-67.90%	-88.11%	13.31%	55.31%	-96.79%	632.12%	-33.75%	-71.02%	5,672.14%
Net Income Growth	-15.29%	-94.66%	-55.44%	-17.80%	75.15%	-526.81%	-18.42%	-32.01%	-97.71%	272.33%
EPS Growth	-3.14%	-97.69%	-65.91%	-16.60%	96.10%	-1,676.92%	-33.33%	-40.29%	-115.56%	232.68%
Operating Cash Flow Growth	-4.98%	-62.11%	3.45%	430.88%	79.04%	-742.62%	105.28%	147.09%	66.59%	202.04%
Free Cash Flow Firm Growth	-568.96%	-255.97%	99.08%	13,345.65%	658.83%	304.15%	-10,557.48%	-37.96%	-21.86%	255.81%
Invested Capital Growth	7.14%	7.19%	0.16%	-29.45%	-30.65%	-13.33%	5.34%	-14.04%	-19.34%	-40.01%
Revenue Q/Q Growth	-32.47%	-43.71%	30.63%	-2.74%	69.75%	-40.89%	-4.86%	54.69%	-11.05%	17.52%
EBITDA Q/Q Growth	-11.65%	-19.97%	-75.38%	326.96%	86.33%	-88.16%	302.54%	38.34%	-36.50%	117.83%
EBIT Q/Q Growth	-22.65%	-25.82%	-92.70%	1,486.96%	94.98%	-98.13%	2,077.50%	54.76%	-43.25%	149.15%
NOPAT Q/Q Growth	-15.34%	-30.76%	-87.50%	1,445.98%	16.05%	-98.57%	2,755.26%	39.89%	-49.24%	184.69%
Net Income Q/Q Growth	-35.91%	-78.70%	92.75%	212.41%	36.58%	-151.89%	136.84%	160.37%	-95.40%	3,803.85%
EPS Q/Q Growth	-37.65%	-91.56%	246.15%	357.78%	46.60%	-167.88%	114.63%	310.00%	-138.21%	678.72%
Operating Cash Flow Q/Q Growth	236.76%	-73.36%	-1,062.30%	161.50%	13.57%	-195.61%	107.91%	2,777.42%	-23.43%	-41.43%
Free Cash Flow Firm Q/Q Growth	-2,358.76%	-9.95%	99.21%	62,145.53%	3.73%	-59.83%	-114.42%	461.16%	30.67%	82.89%
Invested Capital Q/Q Growth	1.26%	-0.18%	-23.69%	-5.80%	0.34%	13.11%	15.27%	-27.46%	-4.30%	-1.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.99%	51.79%	46.28%	72.19%	68.13%	23.61%	42.84%	55.38%	60.47%	71.65%
EBITDA Margin	44.74%	63.60%	11.99%	52.63%	57.77%	11.57%	48.96%	43.79%	31.26%	57.94%
Operating Margin	48.32%	53.45%	6.38%	46.07%	63.10%	1.68%	40.11%	38.40%	25.98%	51.95%
EBIT Margin	38.33%	50.51%	2.82%	46.07%	52.91%	1.68%	38.39%	38.40%	24.50%	51.95%
Profit (Net Income) Margin	19.49%	7.38%	10.88%	34.96%	28.13%	-24.70%	9.56%	16.10%	0.83%	27.66%
Tax Burden Percent	78.55%	87.34%	-57.95%	154.17%	76.95%	72.09%	87.85%	82.97%	-185.71%	84.80%
Interest Burden Percent	64.76%	16.72%	-665.22%	49.22%	69.09%	-2,042.50%	28.36%	50.52%	-1.83%	62.80%
Effective Tax Rate	21.45%	12.66%	0.00%	-54.17%	23.05%	0.00%	12.15%	17.03%	0.00%	15.20%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	52.30%	27.90%	25.86%	28.66%	52.07%	37.54%	29.44%	25.88%	4.33%	41.78%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	1.60%	2.52%	0.13%	1.77%	2.24%	0.07%	1.55%	1.68%	0.99%	2.28%
Return on Assets (ROA)	0.82%	0.37%	0.51%	1.34%	1.19%	-1.05%	0.39%	0.71%	0.03%	1.21%
Return on Common Equity (ROCE)	42.49%	21.01%	18.98%	19.95%	28.57%	17.37%	15.73%	13.10%	2.08%	20.27%
Return on Equity Simple (ROE_SIMPLE)	144.25%	0.00%	54.95%	53.00%	144.34%	0.00%	78.44%	80.78%	6.80%	0.00%
Net Operating Profit after Tax (NOPAT)	1,261	873	109	1,688	1,959	28	799	1,118	568	1,616
NOPAT Margin	37.95%	46.68%	4.47%	71.02%	48.55%	1.17%	35.23%	31.86%	18.18%	44.05%
Net Nonoperating Expense Percent (NNEP)	-0.72%	-0.87%	0.16%	-0.94%	-0.93%	-0.75%	-0.62%	-0.51%	-0.49%	-0.58%
Return On Investment Capital (ROIC_SIMPLE)	-	12.09%	-	-	-	0.33%	-	-	-	22.21%
Cost of Revenue to Revenue	36.01%	48.21%	53.72%	27.81%	31.87%	76.39%	57.16%	44.62%	39.53%	28.35%
SG&A Expenses to Revenue	14.92%	30.57%	17.31%	19.60%	11.15%	23.44%	24.37%	12.17%	10.54%	13.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.67%	-1.66%	39.89%	26.13%	5.03%	21.93%	2.73%	16.98%	34.50%	19.71%
Earnings before Interest and Taxes (EBIT)	1,274	945	69	1,095	2,135	40	871	1,348	765	1,906
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,487	1,190	293	1,251	2,331	276	1,111	1,537	976	2,126
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.79	7.18	2.34	2.63	5.85	4.16	6.25	8.03	4.17	9.33
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.84	0.74	0.70	0.93	0.90	0.98	1.15	1.08	1.19	1.18
Price to Earnings (P/E)	2.15	4.85	5.12	6.18	4.85	9.01	10.97	15.95	0.00	12.05
Dividend Yield	3.05%	2.87%	3.29%	3.12%	3.04%	2.64%	2.34%	2.22%	2.19%	1.99%
Earnings Yield	46.59%	20.61%	19.54%	16.17%	20.63%	11.10%	9.12%	6.27%	0.00%	8.30%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.79	1.13	0.75	0.66	0.98	0.79	0.81	0.86	0.62	1.07
Long-Term Debt to Equity	0.79	0.92	0.63	0.66	0.98	0.74	0.81	0.86	0.62	1.07
Financial Leverage	-9.19	-9.85	-12.35	-13.91	-19.49	-18.82	-17.25	-20.95	-21.68	-23.79
Leverage Ratio	28.66	31.76	33.80	39.77	55.56	60.49	50.52	54.25	55.29	65.63
Compound Leverage Factor	18.56	5.31	-224.82	19.58	38.39	-1,235.48	14.33	27.40	-1.01	41.22
Debt to Total Capital	44.08%	53.16%	42.89%	39.74%	49.37%	44.13%	44.60%	46.13%	38.20%	51.79%
Short-Term Debt to Total Capital	0.00%	9.89%	7.05%	0.00%	0.00%	2.75%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	44.08%	43.27%	35.85%	39.74%	49.37%	41.38%	44.60%	46.13%	38.20%	51.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	19.76%	28.59%	21.87%	23.29%	29.40%	27.18%	31.68%	34.07%	29.69%	26.79%
Common Equity to Total Capital	36.16%	18.25%	35.24%	36.97%	21.22%	28.69%	23.72%	19.80%	32.11%	21.42%
Debt to EBITDA	0.48	0.77	0.98	0.81	0.68	1.04	0.80	0.67	0.96	0.67
Net Debt to EBITDA	-8.93	-14.48	-20.78	-21.64	-17.71	-22.40	-19.05	-19.91	-30.11	-20.97
Long-Term Debt to EBITDA	0.48	0.63	0.82	0.81	0.68	0.97	0.80	0.67	0.96	0.67
Debt to NOPAT	0.64	0.91	0.86	0.56	0.58	0.48	0.75	0.94	0.55	0.89
Net Debt to NOPAT	-12.02	-17.10	-18.16	-14.87	-14.99	-10.32	-17.87	-28.00	-17.09	-27.83
Long-Term Debt to NOPAT	0.64	0.74	0.72	0.56	0.58	0.45	0.75	0.94	0.55	0.89
Altman Z-Score	0.14	0.14	0.43	0.44	0.47	0.14	0.15	0.48	0.47	0.48
Noncontrolling Interest Sharing Ratio	18.74%	24.70%	26.61%	30.42%	45.12%	53.74%	46.57%	49.37%	51.93%	51.48%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.88	0.75	14.69	18.60	18.23	2.03	2.74	24.83	27.90	25.97
Quick Ratio	0.88	0.75	14.69	18.60	18.23	2.03	2.74	24.83	27.90	25.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4,354	-4,787	-38	23,453	24,329	9,772	-4,029	14,549	19,012	34,770
Operating Cash Flow to CapEx	275.90%	93.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-9.70	-6.08	-0.07	42.18	36.86	15.22	-6.46	21.81	24.41	52.60
Operating Cash Flow to Interest Expense	0.51	0.08	-1.11	0.65	0.62	-0.61	0.05	1.34	0.88	0.61
Operating Cash Flow Less CapEx to Interest Expense	0.33	-0.01	-0.99	0.86	0.76	-0.52	0.36	1.59	1.55	0.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	1.28	1.42	1.44	1.28	1.47	1.84	2.13	2.60	2.88	2.49
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	284.40	256.96	253.58	284.39	249.15	198.37	171.37	140.17	126.91	146.87
Cash Conversion Cycle (CCC)	-284.40	-256.96	-253.58	-284.39	-249.15	-198.37	-171.37	-140.17	-126.91	-146.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-72,982	-73,112	-90,429	-95,676	-95,352	-82,856	-85,601	-109,107	-113,796	-116,010
Invested Capital Turnover	-0.15	-0.18	-0.14	-0.12	-0.13	-0.14	-0.13	-0.12	-0.11	-0.13
Increase / (Decrease) in Invested Capital	5,615	5,660	147	-21,765	-22,370	-9,744	4,828	-13,431	-18,444	-33,154
Enterprise Value (EV)	-65,685	-64,561	-85,540	-90,010	-87,604	-74,649	-75,163	-97,548	-103,577	-102,815
Market Capitalization	9,362	10,060	8,801	9,348	9,606	11,009	12,709	13,203	13,439	14,780
Book Value per Share	$8.93	$3.79	$10.38	$9.98	$4.73	$7.83	$6.15	$5.05	$10.07	$5.06
Tangible Book Value per Share	($6.07)	($11.03)	($4.76)	($5.36)	($10.96)	($8.22)	($10.26)	($11.56)	($6.78)	($12.08)
Total Capital	9,275	7,677	10,654	9,610	7,737	9,232	8,567	8,303	10,029	7,401
Total Debt	4,088	4,081	4,570	3,819	3,820	4,074	3,821	3,830	3,831	3,833
Total Long-Term Debt	4,088	3,322	3,819	3,819	3,820	3,820	3,821	3,830	3,831	3,833
Net Debt	-76,880	-76,816	-96,671	-101,596	-99,485	-88,167	-90,586	-113,580	-119,994	-119,578
Capital Expenditures (CapEx)	83	65	-63	-116	-92	-58	-193	-168	-522	-134
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,709	-4,964	-4,181	-4,059	-3,961	-3,804	-3,778	-3,423	-3,216	-3,340
Debt-free Net Working Capital (DFNWC)	-570	-683	68,273	71,432	68,248	4,435	6,579	81,560	86,523	83,413
Net Working Capital (NWC)	-570	-1,442	67,522	71,432	68,248	4,181	6,579	81,560	86,523	83,413
Net Nonoperating Expense (NNE)	613	735	-157	857	824	617	582	553	542	601
Net Nonoperating Obligations (NNO)	-78,169	-76,708	-96,513	-101,467	-99,269	-88,014	-90,347	-113,580	-119,994	-119,578
Total Depreciation and Amortization (D&A)	213	245	224	156	196	236	240	189	211	220
Debt-free, Cash-free Net Working Capital to Revenue	-42.45%	-36.53%	-33.29%	-40.53%	-36.93%	-33.84%	-34.14%	-28.06%	-28.50%	-26.57%
Debt-free Net Working Capital to Revenue	-5.14%	-5.03%	543.53%	713.18%	636.23%	39.45%	59.45%	668.58%	766.64%	663.59%
Net Working Capital to Revenue	-5.14%	-10.61%	537.55%	713.18%	636.23%	37.19%	59.45%	668.58%	766.64%	663.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.69	$0.13	$0.45	$2.06	$3.03	($2.05)	$0.30	$1.24	($0.47)	$2.75
Adjusted Weighted Average Basic Shares Outstanding	374.50M	377.60M	361.90M	355.20M	346.40M	350.10M	330.20M	324.20M	318.20M	321.20M
Adjusted Diluted Earnings per Share	$0.69	$0.13	$0.45	$2.06	$3.02	($2.05)	$0.30	$1.23	($0.47)	$2.72
Adjusted Weighted Average Diluted Shares Outstanding	376.80M	379.90M	364.10M	356.10M	348M	351.60M	332.70M	327.30M	318.20M	324.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	370.04M	361.81M	356.08M	347.35M	338.49M	329.71M	325.24M	319.76M	313.34M	307.82M
Normalized Net Operating Profit after Tax (NOPAT)	1,261	873	109	767	1,959	28	799	1,118	568	1,616
Normalized NOPAT Margin	37.95%	46.68%	4.47%	32.25%	48.55%	1.17%	35.23%	31.86%	18.18%	44.05%
Pre Tax Income Margin	24.82%	8.44%	-18.78%	22.68%	36.56%	-34.26%	10.89%	19.40%	-0.45%	32.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.84	1.20	0.13	1.97	3.23	0.06	1.40	2.02	0.98	2.88
NOPAT to Interest Expense	2.81	1.11	0.21	3.04	2.97	0.04	1.28	1.68	0.73	2.45
EBIT Less CapEx to Interest Expense	2.65	1.12	0.25	2.18	3.37	0.15	1.71	2.27	1.65	3.09
NOPAT Less CapEx to Interest Expense	2.62	1.03	0.33	3.25	3.11	0.13	1.59	1.93	1.40	2.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.25%	32.37%	35.24%	38.02%	30.21%	43.52%	45.55%	55.05%	338.36%	42.02%
Augmented Payout Ratio	40.37%	67.84%	73.24%	79.98%	65.15%	99.45%	105.65%	128.77%	792.69%	97.64%

Frequently Asked Questions About Equitable's Financials

When does Equitable's financial year end?

According to the most recent income statement we have on file, Equitable's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Equitable's net income changed over the last 8 years?

Equitable's net income appears to be on an upward trend, with a most recent value of $1.82 billion in 2024, rising from $1.65 billion in 2016. The previous period was $1.64 billion in 2023.

What is Equitable's operating income?

Equitable's total operating income in 2024 was $4.98 billion, based on the following breakdown:

Total Gross Profit: $7.43 billion
Total Operating Expenses: $2.46 billion

How has Equitable revenue changed over the last 8 years?

Over the last 8 years, Equitable's total revenue changed from $11.83 billion in 2016 to $12.57 billion in 2024, a change of 6.2%.

How much debt does Equitable have?

Equitable's total liabilities were at $292.30 billion at the end of 2024, a 7.6% increase from 2023, and a 33.8% increase since 2017.

How much cash does Equitable have?

In the past 7 years, Equitable's cash and equivalents has ranged from $4.28 billion in 2022 to $8.24 billion in 2023, and is currently $6.96 billion as of their latest financial filing in 2024.

How has Equitable's book value per share changed over the last 8 years?

Over the last 8 years, Equitable's book value per share changed from 0.00 in 2016 to 5.06 in 2024, a change of 505.8%.

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This page (NYSE:EQH) was last updated on 4/15/2025 by MarketBeat.com Staff

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Equitable (EQH) Financials

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Equitable (EQH) Financials

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