Voya Financial (VOYA) Financials

$57.66 +0.14 (+0.23%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$57.69 +0.03 (+0.06%)

As of 04/15/2025 04:45 PM Eastern

Annual Income Statements for Voya Financial

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

Metric	2015	2016	2017	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-147	-327	-8,976	-388	-242	2,334	474	589	626
Consolidated Net Income / (Loss)	538	-298	-2,775	-310	-49	3,131	433	729	742
Net Income / (Loss) Continuing Operations	392	39	-302	791	370	3,119	433	729	742
Total Pre-Tax Income	476	10	385	574	352	3,085	428	678	799
Total Operating Income	2,494	-2,693	405	2,053	538	3,271	611	976	1,098
Total Gross Profit	5,555	0.00	3,591	5,059	3,548	6,324	3,402	4,312	4,431
Total Revenue	8,716	0.00	7,249	7,642	7,649	4,174	5,930	7,348	8,050
Operating Revenue	8,716	-	7,438	7,642	7,649	4,174	5,930	7,348	8,050
Total Cost of Revenue	3,161	0.00	3,658	2,583	4,101	-2,150	2,528	3,036	3,619
Operating Cost of Revenue	3,161	-	3,658	2,583	4,101	-2,150	2,528	3,036	3,619
Total Operating Expenses	3,061	2,693	3,186	3,006	3,010	3,053	2,791	3,336	3,333
Selling, General & Admin Expense	-	-	2,569	-	2,654	2,586	2,542	3,096	3,082
Amortization Expense	377	-	353	182	352	456	240	230	223
Other Operating Expenses / (Income)	2,684	2,659	264	2,760	4.00	11	9.00	10	28
Total Other Income / (Expense), net	-2,573	0.00	-20	-1,480	-186	-186	-183	-298	-299
Interest Expense	2,006	-	-	1,379	186	186	183	298	299
Income Tax Expense	84	-29	687	-217	-18	-34	-5.00	-51	57
Preferred Stock Dividends Declared	-	-	0.00	28	36	36	36	36	41
Net Income / (Loss) Attributable to Noncontrolling Interest	130	29	217	50	157	761	-77	104	75
Basic Earnings per Share	$1.81	($1.58)	($16.25)	($2.75)	($1.90)	$20.02	$4.70	$5.74	$6.31
Weighted Average Basic Shares Outstanding	208.28M	189.44M	172.00M	132.34M	123.80M	106.14M	97.29M	101.61M	95.53M
Diluted Earnings per Share	$1.80	($1.56)	($16.25)	($2.64)	($1.84)	$18.56	$4.30	$5.42	$6.17
Weighted Average Diluted Shares Outstanding	208.28M	189.44M	172.00M	132.34M	123.80M	106.14M	97.29M	101.61M	95.53M
Weighted Average Basic & Diluted Shares Outstanding	208.28M	189.44M	172.00M	132.34M	123.80M	106.14M	97.29M	101.61M	95.53M
Cash Dividends to Common per Share	$0.04	$0.04	$0.04	$0.32	$0.60	$0.70	$0.80	$1.20	$1.70

This table shows Voya Financial'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	166	190	69	154	248	118	234	201	98	93
Consolidated Net Income / (Loss)	42	137	129	235	246	119	288	235	98	121
Net Income / (Loss) Continuing Operations	42	137	129	235	246	119	288	235	98	121
Total Pre-Tax Income	71	83	141	263	172	102	287	276	116	120
Total Operating Income	114	-102	189	357	248	182	344	374	185	195
Total Gross Profit	808	629	1,084	1,189	1,024	1,015	1,200	1,190	1,018	1,023
Total Revenue	1,345	1,555	1,835	1,871	1,823	1,819	2,051	2,033	1,956	2,010
Operating Revenue	1,345	1,555	1,835	1,871	1,823	1,819	2,051	2,033	1,956	2,010
Total Cost of Revenue	537	926	751	682	799	804	851	843	938	987
Operating Cost of Revenue	537	926	751	682	799	804	851	843	938	987
Total Operating Expenses	694	731	895	832	776	833	856	816	833	828
Selling, General & Admin Expense	632	-	836	770	717	773	799	752	775	756
Amortization Expense	60	56	59	57	57	57	56	56	55	56
Other Operating Expenses / (Income)	2.00	-630	0.00	5.00	2.00	3.00	1.00	8.00	3.00	16
Total Other Income / (Expense), net	-43	185	-48	-94	-76	-80	-57	-98	-69	-75
Interest Expense	43	-185	48	94	76	80	57	98	69	75
Income Tax Expense	29	-54	12	28	-74	-17	-1.00	41	18	-1.00
Preferred Stock Dividends Declared	14	4.00	14	4.00	14	4.00	17	4.00	16	4.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-138	-57	46	77	-16	-3.00	37	30	-16	24
Basic Earnings per Share	$1.70	$1.87	$0.70	$1.50	$2.35	$1.19	$2.29	$2.00	$1.00	$1.02
Weighted Average Basic Shares Outstanding	97.17M	97.29M	98.27M	105.78M	104.47M	101.61M	100.70M	98.32M	96.22M	95.53M
Diluted Earnings per Share	$1.57	$1.70	$0.63	$1.41	$2.29	$1.09	$2.24	$1.96	$0.98	$0.99
Weighted Average Diluted Shares Outstanding	97.17M	97.29M	98.27M	105.78M	104.47M	101.61M	100.70M	98.32M	96.22M	95.53M
Weighted Average Basic & Diluted Shares Outstanding	97.17M	97.29M	98.27M	105.78M	104.47M	101.61M	100.70M	98.32M	96.22M	95.53M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-18	398	-1,195	-178	-66	603	-570	-566	111	396
Net Cash From Operating Activities	3,248	3,692	1,582	1,868	1,310	1,362	22	1,352	1,638	1,345
Net Cash From Continuing Operating Activities	1,160	1,758	1,071	816	1,440	1,770	272	1,352	1,638	1,345
Net Income / (Loss) Continuing Operations	392	39	-302	482	791	370	3,119	433	729	742
Consolidated Net Income / (Loss)	538	-298	-2,775	907	-310	-49	3,131	433	729	742
Amortization Expense	381	420	358	232	189	-	353	124	113	102
Non-Cash Adjustments To Reconcile Net Income	978	1,513	-42	510	585	1,333	-1,759	1,216	273	392
Changes in Operating Assets and Liabilities, net	-591	-214	1,057	-408	-125	67	-1,441	-421	523	109
Net Cash From Investing Activities	-4,274	-3,683	-2,428	-282	-1,255	-2,461	-327	-1,946	2,532	481
Net Cash From Continuing Investing Activities	-2,611	-1,883	-167	-68	-629	-1,957	-803	-1,946	2,532	481
Purchase of Property, Plant & Equipment	-7,521	-1,727	-2,036	-994	-1,385	-1,084	-2,138	-2,338	-1,225	-2,608
Acquisitions	-	-	-	-	-	-	0.00	-2.00	-584	0.00
Purchase of Investments	-9,454	-10,277	-6,820	-7,897	-6,913	-7,253	-8,383	-8,947	-4,630	-5,915
Sale of Property, Plant & Equipment	1,088	747	851	895	1,153	569	816	854	600	784
Divestitures	-	-	-	-	586	413	1,329	849	962	1,496
Sale and/or Maturity of Investments	14,561	10,877	9,521	8,599	6,820	5,920	8,187	8,192	7,583	6,641
Other Investing Activities, net	-1,285	-1,503	-1,683	-671	-890	-522	-614	-554	-174	83
Net Cash From Financing Activities	1,008	389	-349	-1,764	-121	1,702	-265	28	-4,059	-1,430
Net Cash From Continuing Financing Activities	728	-527	-1,620	-1,092	-934	1,179	-265	28	-4,059	-1,430
Repayment of Debt	-517	-1,280	-464	-1,339	-1,016	-1,015	-1,821	-1,368	-1,320	-1,177
Repurchase of Common Equity	-1,487	-687	-923	-1,025	-1,136	-516	-1,113	-750	-369	-640
Payment of Dividends	653	43	-363	-172	643	1,306	1,485	1,047	609	1,422
Issuance of Debt	0.00	798	338	288	-	-	0.00	0.00	388	397
Issuance of Common Equity	0.00	1.00	970	776	3.00	4.00	4.00	7.00	0.00	6.00
Other Financing Activities, net	2,079	598	-1,178	61	279	1,400	1,180	1,092	-3,367	-1,438
Cash Interest Paid	179	190	174	180	159	154	157	131	113	103
Cash Income Taxes Paid	78	69	-154	1.00	-127	-111	3.00	14	11	9.00

This table details how cash moves in and out of Voya Financial'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	-522	1,205	-339	-190	-835	1,475	-173	-312	-354	1,235
Net Cash From Operating Activities	418	219	156	715	403	364	231	316	719	79
Net Cash From Continuing Operating Activities	-	1,352	0.00	-	-	1,638	0.00	-	-	1,345
Net Income / (Loss) Continuing Operations	-	433	0.00	-	-	729	0.00	-	-	742
Net Cash From Investing Activities	-372	-	472	797	430	833	1,082	-92	-486	-23
Net Cash From Continuing Investing Activities	-372	-	472	797	430	833	1,082	-92	-486	-23
Purchase of Property, Plant & Equipment	-262	-650	-300	-323	-157	-445	-267	-1,120	-538	-683
Purchase of Investments	-2,159	-2,059	-1,039	-1,729	-983	-879	-596	-1,207	-1,741	-2,371
Sale of Property, Plant & Equipment	188	121	175	176	96	153	206	165	207	206
Divestitures	124	147	205	251	196	310	307	692	169	328
Sale and/or Maturity of Investments	1,761	2,724	2,012	2,418	1,287	1,866	1,368	1,407	1,520	2,346
Other Investing Activities, net	-24	-283	-47	4.00	41	-172	64	-29	-103	151
Net Cash From Financing Activities	-150	-147	-811	-987	-1,265	-996	-1,255	-220	132	-87
Net Cash From Continuing Financing Activities	-150	-147	-811	-987	-1,265	-996	-1,255	-220	132	-87
Repayment of Debt	-157	-626	-82	-675	-240	-323	-99	-387	-294	-397
Repurchase of Common Equity	-	-	0.00	-162	-50	-157	-172	-176	-172	-120
Payment of Dividends	-	784	32	274	-38	341	-208	653	416	561
Other Financing Activities, net	2.00	-305	-761	-812	-937	-857	-779	-310	-218	-131

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

Metric	2015	2016	2017	2018	2020	2021	2022	2023	2024
Total Assets	218,224	214,585	222,532	155,430	180,518	171,262	146,606	157,085	163,889
Total Current Assets	80,542	118,998	60,270	21,282	73,348	43,934	4,361	4,129	4,156
Cash & Equivalents	2,513	2,096	1,218	1,237	1,502	1,573	1,007	1,118	1,514
Short-Term Investments	71,121	49,295	-	-	44,187	36,578	2,932	2,700	2,339
Other Current Assets	6,909	4,734	-	-	215	171	422	311	303
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	127,605	95,587	162,262	134,148	107,170	127,328	142,245	152,956	159,733
Long-Term Investments	3,718	3,935	59,027	44,627	6,614	7,225	41,455	39,280	38,321
Goodwill	251	-	-	-	-	72	327	748	748
Intangible Assets	-	-	-	-	-	97	631	857	832
Noncurrent Deferred & Refundable Income Taxes	2,215	1,570	785	1,627	1,186	986	2,223	2,160	2,134
Other Noncurrent Operating Assets	121,422	90,082	93,764	80,613	99,370	105,313	97,609	109,911	117,698
Total Liabilities & Shareholders' Equity	218,224	214,585	222,532	155,430	180,518	171,262	146,606	157,085	163,889
Total Liabilities	201,948	200,617	211,493	146,425	169,340	161,441	141,609	151,032	157,882
Total Current Liabilities	8,216	61,840	59,810	18,608	19,005	1.00	141	372	731
Short-Term Debt	6,956	1,967	1,384	541	1.00	1.00	141	1.00	399
Other Current Liabilities	1,190	297	149	164	387	-	-	371	332
Total Noncurrent Liabilities	183,623	138,777	151,683	127,817	150,335	161,440	141,468	150,660	157,151
Long-Term Debt	3,460	3,550	3,123	3,136	3,044	2,595	3,328	3,429	3,204
Other Noncurrent Operating Liabilities	179,475	134,553	148,010	124,130	146,930	158,845	138,140	147,231	153,947
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	0.00	166	175	219
Total Equity & Noncontrolling Interests	16,276	13,968	11,039	9,005	11,178	9,821	4,831	5,878	5,788
Total Preferred & Common Equity	13,436	12,995	10,009	8,213	10,110	8,253	3,349	4,193	4,005
Preferred Stock	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	13,436	12,995	10,009	8,213	10,110	8,253	3,349	4,193	4,005
Common Stock	23,720	23,612	23,824	24,319	11,185	7,543	6,644	6,144	6,267
Retained Earnings	-9,415	-9,742	-12,719	-11,732	-4,957	-1,310	-201	505	954
Treasury Stock	-2,302	-2,796	-3,827	-4,981	-1,016	-80	-39	-56	-754
Accumulated Other Comprehensive Income / (Loss)	1,425	1,921	2,731	607	4,898	2,100	-3,055	-2,400	-2,462
Noncontrolling Interest	2,840	973	1,030	792	1,068	1,568	1,482	1,685	1,783

This table presents Voya Financial'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	144,048	151,208	154,616	149,265	161,631	161,280	166,933
Total Current Assets	95,753	37,447	37,075	35,532	28,625	3,865	4,298
Cash & Equivalents	935	824	1,349	917	1,176	1,180	1,545
Short-Term Investments	69,922	29,720	28,511	27,361	27,071	2,369	2,528
Other Current Assets	495	342	444	482	378	316	225
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	93,209	113,761	117,541	113,733	133,006	157,415	162,635
Long-Term Investments	7,715	8,012	7,893	7,498	14,054	38,185	39,397
Goodwill	252	646	646	748	748	748	748
Intangible Assets	572	905	908	900	861	856	862
Noncurrent Deferred & Refundable Income Taxes	1,931	2,122	2,161	2,438	2,178	2,171	1,955
Other Noncurrent Operating Assets	82,739	102,076	105,933	102,149	115,165	115,455	119,673
Total Liabilities & Shareholders' Equity	144,048	151,208	154,616	149,265	161,631	161,280	166,933
Total Liabilities	138,210	145,521	149,088	144,306	155,760	155,411	160,351
Total Current Liabilities	141	143	143	2.00	393	711	756
Short-Term Debt	141	143	143	2.00	393	395	397
Other Current Liabilities	-	-	-	-	-	316	359
Total Noncurrent Liabilities	138,069	145,378	148,945	144,304	155,367	154,700	159,595
Long-Term Debt	3,122	3,350	3,426	3,424	3,075	2,828	3,226
Other Noncurrent Operating Liabilities	134,365	142,028	145,519	140,880	152,292	151,872	156,369
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	155	166	171	173	174	183	198
Total Equity & Noncontrolling Interests	5,683	5,521	5,357	4,786	5,697	5,686	6,384
Total Preferred & Common Equity	4,093	3,954	3,697	3,127	4,153	4,043	4,719
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,093	3,954	3,697	3,127	4,153	4,043	4,719
Common Stock	7,946	6,694	6,696	6,665	6,188	6,219	6,228
Retained Earnings	-994	-118	40	302	697	855	907
Treasury Stock	-873	-77	-248	-307	-263	-448	-604
Accumulated Other Comprehensive Income / (Loss)	-1,986	-2,545	-2,791	-3,533	-2,469	-2,583	-1,812
Noncontrolling Interest	1,590	1,567	1,660	1,659	1,544	1,643	1,665

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-20.67%	-100.00%	0.00%	0.00%	0.00%	0.09%	-45.43%	42.07%	23.91%	9.55%
EBITDA Growth	38.59%	-195.26%	133.57%	-77.41%	823.28%	-58.45%	307.19%	-79.72%	48.16%	10.19%
EBIT Growth	67.03%	-234.31%	115.04%	-100.00%	0.00%	-72.45%	507.99%	-81.32%	59.74%	12.50%
NOPAT Growth	-45.87%	-191.78%	83.15%	100.00%	0.00%	-80.01%	484.79%	-81.31%	69.77%	-2.83%
Net Income Growth	-78.76%	0.00%	0.00%	132.68%	-134.18%	84.19%	6,489.80%	-86.17%	68.36%	1.78%
EPS Growth	0.00%	0.00%	0.00%	127.88%	-158.28%	30.30%	1,108.70%	-76.83%	26.05%	13.84%
Operating Cash Flow Growth	-10.49%	13.67%	-57.15%	18.08%	-29.87%	3.97%	-98.38%	6,045.45%	21.15%	-17.89%
Free Cash Flow Firm Growth	317.37%	-108.85%	145.67%	-53.18%	-308.85%	118.63%	-466.89%	217.56%	-149.35%	98.62%
Invested Capital Growth	-150.50%	23.02%	-16.68%	-6.01%	17.71%	-1.26%	17.95%	-12.04%	8.97%	3.13%
Revenue Q/Q Growth	-24.28%	-100.00%	286.78%	0.00%	0.00%	-32.44%	240.46%	-21.93%	3.73%	2.43%
EBITDA Q/Q Growth	88.66%	-217.60%	121.58%	-51.46%	0.00%	-69.02%	41.78%	-65.30%	24.89%	4.99%
EBIT Q/Q Growth	251.57%	-252.82%	111.45%	-100.00%	0.00%	-81.27%	83.25%	-72.64%	51.79%	19.48%
NOPAT Q/Q Growth	414.49%	-132.39%	87.17%	100.00%	0.00%	-71.88%	95.67%	-74.68%	43.98%	17.10%
Net Income Q/Q Growth	-73.40%	0.00%	0.00%	154.87%	0.00%	0.00%	10.75%	-58.64%	-2.41%	0.27%
EPS Q/Q Growth	0.00%	0.00%	0.00%	134.77%	0.00%	0.00%	23.65%	-47.50%	-10.12%	-1.59%
Operating Cash Flow Q/Q Growth	-4.44%	21.27%	-32.25%	-10.62%	20.74%	9.22%	-94.84%	3.76%	9.71%	-17.48%
Free Cash Flow Firm Q/Q Growth	9,566.39%	2.23%	-93.75%	111.67%	-1,578.78%	124.91%	43.07%	222.05%	-163.53%	-100.46%
Invested Capital Q/Q Growth	-499.48%	-220.51%	34.13%	-4.98%	12.97%	-2.21%	-7.16%	-50.38%	-22.72%	2.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.73%	0.00%	49.54%	0.00%	66.20%	46.39%	151.51%	57.37%	58.68%	55.04%
EBITDA Margin	27.37%	0.00%	10.53%	0.00%	28.03%	11.64%	86.82%	12.39%	14.82%	14.91%
Operating Margin	28.61%	0.00%	5.59%	0.00%	26.86%	7.03%	78.37%	10.30%	13.28%	13.64%
EBIT Margin	23.00%	0.00%	5.59%	0.00%	25.56%	7.03%	78.37%	10.30%	13.28%	13.64%
Profit (Net Income) Margin	6.17%	0.00%	-38.28%	0.00%	-4.06%	-0.64%	75.01%	7.30%	9.92%	9.22%
Tax Burden Percent	113.03%	0.00%	-720.78%	174.09%	-54.01%	-13.92%	101.49%	101.17%	107.52%	92.87%
Interest Burden Percent	23.74%	0.00%	95.06%	64.55%	29.39%	65.43%	94.31%	70.05%	69.47%	72.77%
Effective Tax Rate	17.65%	0.00%	178.44%	7.49%	-37.80%	-5.11%	-1.10%	-1.17%	-7.52%	7.13%
Return on Invested Capital (ROIC)	8.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-12.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-5.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	3.09%	0.00%	-22.19%	9.08%	-3.23%	-0.46%	29.82%	5.84%	13.19%	12.31%
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)	0.90%	0.00%	0.19%	0.00%	1.20%	0.31%	1.86%	0.38%	0.64%	0.68%
Return on Assets (ROA)	0.24%	0.00%	-1.27%	0.00%	-0.19%	-0.03%	1.78%	0.27%	0.48%	0.46%
Return on Common Equity (ROCE)	2.62%	0.00%	-20.42%	8.28%	-1.39%	-0.22%	26.08%	4.58%	9.01%	8.36%
Return on Equity Simple (ROE_SIMPLE)	4.00%	-2.29%	-27.73%	12.42%	0.00%	-0.48%	37.94%	12.93%	17.39%	18.53%
Net Operating Profit after Tax (NOPAT)	2,054	-1,885	-318	0.00	2,829	566	3,307	618	1,049	1,020
NOPAT Margin	23.56%	0.00%	-4.38%	0.00%	37.02%	7.39%	79.23%	10.42%	14.28%	12.67%
Net Nonoperating Expense Percent (NNEP)	20.51%	3.15%	-4.49%	1.60%	-5.87%	-1.21%	-0.37%	-0.44%	-0.79%	-0.71%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.45%	11.27%	10.86%
Cost of Revenue to Revenue	36.27%	0.00%	50.46%	0.00%	33.80%	53.61%	-51.51%	42.63%	41.32%	44.96%
SG&A Expenses to Revenue	0.00%	0.00%	35.44%	0.00%	0.00%	34.70%	61.96%	42.87%	42.13%	38.29%
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	35.12%	0.00%	43.95%	0.00%	39.34%	39.35%	73.14%	47.07%	45.40%	41.40%
Earnings before Interest and Taxes (EBIT)	2,005	-2,693	405	0.00	1,953	538	3,271	611	976	1,098
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,386	-2,273	763	232	2,142	890	3,624	735	1,089	1,200
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.55	0.54	0.82	0.00	0.83	0.70	0.86	1.71	1.78	1.65
Price to Tangible Book Value (P/TBV)	0.56	0.54	0.82	0.00	0.83	0.70	0.87	2.40	2.88	2.73
Price to Revenue (P/Rev)	0.84	0.00	1.14	0.00	1.01	0.92	1.69	0.97	1.01	0.82
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	3.03	12.11	12.64	10.58
Dividend Yield	0.12%	0.11%	0.09%	0.10%	1.07%	1.07%	1.09%	1.35%	1.68%	2.47%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	33.03%	8.26%	7.91%	9.45%
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	0.64	0.40	0.41	0.41	0.35	0.27	0.26	0.69	0.57	0.60
Long-Term Debt to Equity	0.21	0.25	0.28	0.41	0.35	0.27	0.26	0.67	0.57	0.53
Financial Leverage	0.42	-3.96	-4.38	-5.69	-5.58	-4.74	-4.48	-5.72	-7.38	-6.49
Leverage Ratio	12.78	14.31	17.48	18.88	16.93	16.38	16.75	21.45	27.48	26.61
Compound Leverage Factor	3.03	0.00	16.62	12.19	4.97	10.72	15.80	15.03	19.09	19.37
Debt to Total Capital	39.02%	28.31%	28.99%	29.14%	25.71%	21.41%	20.91%	40.98%	36.17%	37.49%
Short-Term Debt to Total Capital	26.06%	10.09%	8.90%	0.01%	0.01%	0.01%	0.01%	1.67%	0.01%	4.15%
Long-Term Debt to Total Capital	12.96%	18.22%	20.09%	29.13%	25.71%	21.40%	20.90%	39.31%	36.16%	33.34%
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	10.64%	4.99%	6.63%	5.77%	6.01%	7.51%	12.63%	19.47%	19.61%	20.83%
Common Equity to Total Capital	50.34%	66.69%	64.38%	65.09%	0.00%	71.08%	66.47%	39.56%	44.22%	41.68%
Debt to EBITDA	4.37	-2.43	5.91	15.85	1.64	3.42	0.72	4.72	3.15	3.00
Net Debt to EBITDA	-28.05	21.91	-73.05	-246.33	-22.54	-55.35	-11.80	-57.04	-36.43	-32.14
Long-Term Debt to EBITDA	1.45	-1.56	4.09	15.84	1.64	3.42	0.72	4.53	3.15	2.67
Debt to NOPAT	5.07	-2.93	-14.19	0.00	1.24	5.38	0.79	5.61	3.27	3.53
Net Debt to NOPAT	-32.59	26.42	175.45	0.00	-17.07	-87.10	-12.94	-67.82	-37.80	-37.83
Long-Term Debt to NOPAT	1.68	-1.88	-9.83	0.00	1.24	5.38	0.78	5.38	3.27	3.14
Altman Z-Score	0.43	0.24	-0.02	-0.17	0.07	0.40	0.41	0.11	0.13	0.13
Noncontrolling Interest Sharing Ratio	15.09%	12.61%	8.01%	8.80%	57.15%	52.62%	12.55%	21.70%	31.75%	32.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	9.80	1.92	1.01	0.89	0.00	3.86	43,934.00	30.93	11.10	5.69
Quick Ratio	8.96	0.83	0.02	0.83	0.00	2.76	43,763.00	27.94	10.26	5.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	152,923	-13,537	6,182	2,733	-5,708	1,064	-3,902	4,587	-2,264	-31
Operating Cash Flow to CapEx	50.49%	376.73%	133.50%	1,886.87%	564.66%	264.47%	1.66%	91.11%	262.08%	73.74%
Free Cash Flow to Firm to Interest Expense	76.23	0.00	0.00	66.66	-4.14	5.72	-20.98	25.07	-7.60	-0.10
Operating Cash Flow to Interest Expense	1.62	0.00	0.00	45.56	0.95	7.32	0.12	7.39	5.50	4.50
Operating Cash Flow Less CapEx to Interest Expense	-1.59	0.00	0.00	43.15	0.78	4.55	-6.99	-0.72	3.40	-1.60
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.00	0.03	0.00	0.05	0.04	0.02	0.04	0.05	0.05
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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-50,626	-38,974	-45,474	-48,207	-39,670	-40,168	-32,959	-36,928	-33,615	-32,564
Invested Capital Turnover	0.35	0.00	-0.17	0.00	-0.17	-0.19	-0.11	-0.17	-0.21	-0.24
Increase / (Decrease) in Invested Capital	-150,869	11,652	-6,500	-2,733	8,537	-498	7,209	-3,969	3,313	1,051
Enterprise Value (EV)	-56,742	-41,765	-46,462	-56,420	-39,741	-41,137	-34,146	-34,538	-30,362	-29,946
Market Capitalization	7,353	7,071	8,246	0.00	7,720	7,053	7,066	5,739	7,446	6,623
Book Value per Share	$62.40	$66.77	$55.68	$0.00	$0.00	$80.07	$74.35	$34.46	$40.14	$41.62
Tangible Book Value per Share	$61.23	$66.77	$55.68	$0.00	$0.00	$80.07	$72.83	$24.61	$24.77	$25.20
Total Capital	26,692	19,485	15,546	12,618	13,678	14,223	12,417	8,466	9,483	9,610
Total Debt	10,416	5,517	4,507	3,677	3,517	3,045	2,596	3,469	3,430	3,603
Total Long-Term Debt	3,460	3,550	3,123	3,676	3,516	3,044	2,595	3,328	3,429	3,204
Net Debt	-66,935	-49,809	-55,738	-57,148	-48,283	-49,258	-42,780	-41,925	-39,668	-38,571
Capital Expenditures (CapEx)	6,433	980	1,185	99	232	515	1,322	1,484	625	1,824
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5,649	7,734	626	-61,728	-45,518	8,655	5,783	422	-60	-29
Debt-free Net Working Capital (DFNWC)	79,282	59,125	1,844	-8,161	1.00	54,344	43,934	4,361	3,758	3,824
Net Working Capital (NWC)	72,326	57,158	460	-8,162	0.00	54,343	43,933	4,220	3,757	3,425
Net Nonoperating Expense (NNE)	1,516	-1,885	2,457	-907	3,139	615	176	185	320	278
Net Nonoperating Obligations (NNO)	-66,902	-52,942	-56,513	-57,148	-49,831	-51,346	-42,780	-41,925	-39,668	-38,571
Total Depreciation and Amortization (D&A)	381	420	358	232	189	352	353	124	113	102
Debt-free, Cash-free Net Working Capital to Revenue	64.81%	0.00%	8.64%	0.00%	-595.63%	113.15%	138.55%	7.12%	-0.82%	-0.36%
Debt-free Net Working Capital to Revenue	909.62%	0.00%	25.44%	0.00%	0.01%	710.47%	1,052.56%	73.54%	51.14%	47.50%
Net Working Capital to Revenue	829.81%	0.00%	6.35%	0.00%	0.00%	710.46%	1,052.54%	71.16%	51.13%	42.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.81	$0.00	($16.25)	$4.67	($2.69)	($1.90)	$17.92	$4.71	$5.74	$6.31
Adjusted Weighted Average Basic Shares Outstanding	208.28M	189.44M	172.00M	0.00	132.34M	123.80M	106.14M	97.29M	101.61M	95.53M
Adjusted Diluted Earnings per Share	$1.80	$0.00	($16.25)	$4.53	($2.58)	($1.84)	$16.61	$4.30	$5.42	$6.17
Adjusted Weighted Average Diluted Shares Outstanding	208.28M	189.44M	172.00M	0.00	132.34M	123.80M	106.14M	97.29M	101.61M	95.53M
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	208.28M	189.44M	172.00M	0.00	132.34M	123.80M	106.14M	97.29M	101.61M	95.53M
Normalized Net Operating Profit after Tax (NOPAT)	2,054	-1,885	284	0.00	1,482	377	2,290	428	683	1,020
Normalized NOPAT Margin	23.56%	0.00%	3.91%	0.00%	19.39%	4.92%	54.86%	7.21%	9.30%	12.67%
Pre Tax Income Margin	5.46%	0.00%	5.31%	0.00%	7.51%	4.60%	73.91%	7.22%	9.23%	9.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.00	0.00	0.00	0.00	1.42	2.89	17.59	3.34	3.28	3.67
NOPAT to Interest Expense	1.02	0.00	0.00	0.00	2.05	3.04	17.78	3.38	3.52	3.41
EBIT Less CapEx to Interest Expense	-2.21	0.00	0.00	-2.41	1.25	0.12	10.48	-4.77	1.18	-2.43
NOPAT Less CapEx to Interest Expense	-2.18	0.00	0.00	-2.41	1.88	0.27	10.67	-4.73	1.42	-2.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-121.38%	0.00%	-13.08%	18.96%	207.42%	2,665.31%	-47.43%	-241.80%	-83.54%	-191.64%
Augmented Payout Ratio	155.02%	0.00%	-46.34%	131.97%	-159.03%	1,612.24%	-11.88%	-68.59%	-32.92%	-105.39%

This table displays calculated financial ratios and metrics derived from Voya Financial'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	-36.32%	-51.72%	21.85%	22.77%	35.54%	16.98%	11.77%	8.66%	7.30%	10.50%
EBITDA Growth	-80.65%	-103.77%	-46.44%	59.23%	75.29%	619.57%	61.29%	3.86%	-21.31%	5.02%
EBIT Growth	-83.92%	-106.71%	-52.87%	80.30%	117.54%	278.43%	82.01%	4.76%	-25.40%	7.14%
NOPAT Growth	-90.80%	-109.03%	-52.61%	71.25%	425.97%	226.12%	99.64%	-0.17%	-55.94%	-7.40%
Net Income Growth	-88.65%	-81.76%	16.22%	64.34%	485.71%	-13.14%	123.26%	0.00%	-60.16%	1.68%
EPS Growth	36.52%	-69.59%	36.96%	147.37%	45.86%	-35.88%	255.56%	39.01%	-57.21%	-9.17%
Operating Cash Flow Growth	136.16%	28.82%	-56.91%	102.55%	-3.59%	66.21%	48.08%	-55.80%	78.41%	-78.30%
Free Cash Flow Firm Growth	21.49%	171.12%	-226.06%	-243.72%	152.00%	-181.58%	4,323.23%	200.13%	89.11%	72.45%
Invested Capital Growth	20.16%	-12.04%	0.90%	13.88%	-11.54%	8.97%	-12.21%	-13.91%	-21.45%	3.13%
Revenue Q/Q Growth	-11.75%	15.61%	18.01%	1.96%	-2.57%	-0.22%	12.75%	-0.88%	-3.79%	2.76%
EBITDA Q/Q Growth	-33.08%	-126.44%	361.05%	66.94%	-26.33%	-21.64%	447.95%	7.50%	-44.19%	4.58%
EBIT Q/Q Growth	-42.42%	-189.47%	225.17%	88.89%	-30.53%	-26.61%	2,050.00%	8.72%	-50.53%	5.41%
NOPAT Q/Q Growth	-63.80%	-349.66%	169.38%	84.48%	11.19%	-40.14%	1,749.28%	-7.75%	-50.92%	25.81%
Net Income Q/Q Growth	-70.63%	226.19%	-5.84%	82.17%	4.68%	-51.63%	142.02%	-18.40%	-58.30%	23.47%
EPS Q/Q Growth	175.44%	8.28%	-62.94%	123.81%	62.41%	-52.40%	105.50%	-12.50%	-50.00%	1.02%
Operating Cash Flow Q/Q Growth	18.41%	-47.61%	-28.77%	358.33%	-43.64%	-9.68%	-36.54%	36.80%	127.53%	-89.01%
Free Cash Flow Firm Q/Q Growth	-305.01%	161.97%	-102.50%	-4,518.36%	174.17%	-197.24%	219.33%	9.49%	40.09%	-114.17%
Invested Capital Q/Q Growth	26.20%	-50.38%	20.45%	2.45%	4.41%	-22.72%	1.94%	0.97%	-1.91%	2.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.07%	40.45%	59.07%	63.55%	56.17%	55.80%	58.51%	58.53%	52.05%	50.90%
EBITDA Margin	12.94%	-2.96%	13.52%	22.13%	16.73%	13.14%	19.50%	21.15%	12.27%	12.49%
Operating Margin	8.48%	-6.56%	10.30%	19.08%	13.60%	10.01%	16.77%	18.40%	9.46%	9.70%
EBIT Margin	8.48%	-6.56%	10.30%	19.08%	13.60%	10.01%	16.77%	18.40%	9.46%	9.70%
Profit (Net Income) Margin	3.12%	8.81%	7.03%	12.56%	13.49%	6.54%	14.04%	11.56%	5.01%	6.02%
Tax Burden Percent	59.15%	165.06%	91.49%	89.35%	143.02%	116.67%	100.35%	85.14%	84.48%	100.83%
Interest Burden Percent	62.28%	-81.37%	74.60%	73.67%	69.35%	56.04%	83.43%	73.80%	62.70%	61.54%
Effective Tax Rate	40.85%	-65.06%	8.51%	10.65%	-43.02%	-16.67%	-0.35%	14.86%	15.52%	-0.83%
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)	13.23%	5.84%	6.74%	9.25%	13.84%	13.19%	15.37%	15.58%	12.82%	12.31%
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)	0.41%	-0.24%	0.41%	0.82%	0.66%	0.48%	0.81%	0.90%	0.47%	0.49%
Return on Assets (ROA)	0.15%	0.33%	0.28%	0.54%	0.65%	0.32%	0.68%	0.57%	0.25%	0.30%
Return on Common Equity (ROCE)	10.43%	4.58%	5.11%	6.47%	9.25%	9.01%	10.78%	10.58%	8.72%	8.36%
Return on Equity Simple (ROE_SIMPLE)	25.58%	0.00%	11.41%	14.69%	23.89%	0.00%	21.38%	21.96%	15.68%	0.00%
Net Operating Profit after Tax (NOPAT)	67	-168	173	319	355	212	345	318	156	197
NOPAT Margin	5.01%	-10.83%	9.42%	17.05%	19.46%	11.67%	16.83%	15.66%	7.99%	9.78%
Net Nonoperating Expense Percent (NNEP)	-0.07%	0.72%	-0.12%	-0.23%	-0.35%	-0.23%	-0.15%	-0.23%	-0.16%	-0.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.03%	-	-	-	2.28%	-	-	-	2.09%
Cost of Revenue to Revenue	39.93%	59.55%	40.93%	36.45%	43.83%	44.20%	41.49%	41.47%	47.96%	49.10%
SG&A Expenses to Revenue	46.99%	0.00%	45.56%	41.15%	39.33%	42.50%	38.96%	36.99%	39.62%	37.61%
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	51.60%	47.01%	48.77%	44.47%	42.57%	45.79%	41.74%	40.14%	42.59%	41.19%
Earnings before Interest and Taxes (EBIT)	114	-102	189	357	248	182	344	374	185	195
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	174	-46	248	414	305	239	400	430	240	251
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.40	1.71	1.71	1.86	2.20	1.78	1.85	1.77	1.65	1.65
Price to Tangible Book Value (P/TBV)	1.76	2.40	2.82	3.21	4.64	2.88	3.02	2.94	2.51	2.73
Price to Revenue (P/Rev)	0.76	0.97	1.08	1.04	0.97	1.01	1.02	0.93	0.99	0.82
Price to Earnings (P/E)	6.17	12.11	13.86	11.90	10.39	12.64	10.19	8.94	11.96	10.58
Dividend Yield	1.36%	1.35%	1.15%	1.14%	1.54%	1.68%	1.90%	2.25%	2.08%	2.47%
Earnings Yield	16.22%	8.26%	7.22%	8.40%	9.63%	7.91%	9.82%	11.18%	8.36%	9.45%
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	0.56	0.69	0.61	0.65	0.69	0.57	0.59	0.55	0.55	0.60
Long-Term Debt to Equity	0.53	0.67	0.59	0.62	0.69	0.57	0.52	0.48	0.49	0.53
Financial Leverage	-4.49	-5.72	-5.41	-6.27	-5.81	-7.38	-6.39	-6.38	-6.26	-6.49
Leverage Ratio	19.74	21.45	23.38	26.09	27.17	27.48	27.07	27.72	27.40	26.61
Compound Leverage Factor	12.29	-17.46	17.44	19.22	18.84	15.40	22.58	20.45	17.18	16.38
Debt to Total Capital	35.85%	40.98%	38.05%	39.23%	40.86%	36.17%	37.13%	35.45%	35.50%	37.49%
Short-Term Debt to Total Capital	1.55%	1.67%	1.56%	1.57%	0.02%	0.01%	4.21%	4.34%	3.89%	4.15%
Long-Term Debt to Total Capital	34.30%	39.31%	36.49%	37.66%	40.83%	36.16%	32.93%	31.10%	31.61%	33.34%
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	19.17%	19.47%	18.88%	20.13%	21.85%	19.61%	18.40%	20.08%	18.26%	20.83%
Common Equity to Total Capital	44.97%	39.56%	43.07%	40.64%	37.29%	44.22%	44.47%	44.47%	46.24%	41.68%
Debt to EBITDA	1.54	4.72	5.95	4.82	3.93	3.15	2.91	2.67	3.17	3.00
Net Debt to EBITDA	-35.56	-57.04	-59.73	-46.13	-37.10	-36.43	-32.58	-31.88	-34.86	-32.14
Long-Term Debt to EBITDA	1.47	4.53	5.71	4.62	3.93	3.15	2.58	2.34	2.82	2.67
Debt to NOPAT	1.34	5.61	9.89	7.21	4.70	3.27	3.33	3.09	4.16	3.53
Net Debt to NOPAT	-30.84	-67.82	-99.29	-69.01	-44.38	-37.80	-37.34	-36.96	-45.76	-37.83
Long-Term Debt to NOPAT	1.28	5.38	9.49	6.92	4.70	3.27	2.96	2.71	3.70	3.14
Altman Z-Score	0.87	0.10	0.37	0.37	0.37	0.11	0.30	0.11	0.11	0.11
Noncontrolling Interest Sharing Ratio	21.16%	21.70%	24.19%	30.05%	33.13%	31.75%	29.86%	32.09%	32.02%	32.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	679.10	30.93	261.87	259.27	17,766.00	11.10	72.84	5.44	5.69	5.69
Quick Ratio	675.59	27.94	259.48	256.16	17,525.00	10.26	71.88	4.99	5.39	5.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-6,133	3,801	-93	-4,299	3,189	-3,101	3,931	4,304	6,030	-854
Operating Cash Flow to CapEx	564.86%	41.40%	124.80%	486.39%	660.66%	124.66%	378.69%	33.09%	217.22%	16.56%
Free Cash Flow to Firm to Interest Expense	-142.62	0.00	-1.94	-45.73	41.96	-38.76	68.97	43.92	87.40	-11.39
Operating Cash Flow to Interest Expense	9.72	0.00	3.25	7.61	5.30	4.55	4.05	3.22	10.42	1.05
Operating Cash Flow Less CapEx to Interest Expense	8.00	0.00	0.65	6.04	4.50	0.90	2.98	-6.52	5.62	-5.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05
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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-24,557	-36,928	-29,376	-28,656	-27,391	-33,615	-32,962	-32,642	-33,265	-32,564
Invested Capital Turnover	-0.27	-0.17	-0.21	-0.21	-0.27	-0.21	-0.24	-0.25	-0.26	-0.24
Increase / (Decrease) in Invested Capital	6,200	-3,969	266	4,618	-2,834	3,313	-3,586	-3,986	-5,874	1,051
Enterprise Value (EV)	-67,823	-34,538	-26,553	-25,464	-23,653	-30,362	-29,435	-29,520	-30,195	-29,946
Market Capitalization	5,741	5,739	6,777	6,889	6,865	7,446	7,680	7,165	7,789	6,623
Book Value per Share	$41.80	$34.46	$40.64	$37.62	$29.56	$40.14	$41.24	$40.15	$47.99	$41.62
Tangible Book Value per Share	$33.38	$24.61	$24.70	$21.81	$13.98	$24.77	$25.26	$24.22	$31.62	$25.20
Total Capital	9,101	8,466	9,180	9,097	8,385	9,483	9,339	9,092	10,205	9,610
Total Debt	3,263	3,469	3,493	3,569	3,426	3,430	3,468	3,223	3,623	3,603
Total Long-Term Debt	3,122	3,328	3,350	3,426	3,424	3,429	3,075	2,828	3,226	3,204
Net Debt	-75,309	-41,925	-35,063	-34,184	-32,350	-39,668	-38,833	-38,511	-39,847	-38,571
Capital Expenditures (CapEx)	74	529	125	147	61	292	61	955	331	477
Debt-free, Cash-free Net Working Capital (DFCFNWC)	24,896	422	6,903	7,215	7,254	-60	378	0.00	-134	-29
Debt-free Net Working Capital (DFNWC)	95,753	4,361	37,447	37,075	35,532	3,758	28,625	3,549	3,939	3,824
Net Working Capital (NWC)	95,612	4,220	37,304	36,932	35,530	3,757	28,232	3,154	3,542	3,425
Net Nonoperating Expense (NNE)	25	-305	44	84	109	93	57	83	58	76
Net Nonoperating Obligations (NNO)	-30,395	-41,925	-35,063	-34,184	-32,350	-39,668	-38,833	-38,511	-39,847	-38,571
Total Depreciation and Amortization (D&A)	60	56	59	57	57	57	56	56	55	56
Debt-free, Cash-free Net Working Capital to Revenue	327.75%	7.12%	110.29%	109.22%	102.40%	-0.82%	5.00%	0.00%	-1.71%	-0.36%
Debt-free Net Working Capital to Revenue	1,260.57%	73.54%	598.29%	561.23%	501.58%	51.14%	378.44%	45.94%	50.12%	47.50%
Net Working Capital to Revenue	1,258.72%	71.16%	596.01%	559.07%	501.55%	51.13%	373.24%	40.82%	45.07%	42.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.98	$1.87	$0.70	$1.50	$2.35	$1.19	$2.29	$2.00	$1.00	$1.02
Adjusted Weighted Average Basic Shares Outstanding	97.17M	97.29M	98.27M	105.78M	104.47M	101.61M	100.70M	98.32M	96.22M	95.53M
Adjusted Diluted Earnings per Share	$1.82	$1.70	$0.63	$1.41	$2.29	$1.09	$2.24	$1.96	$0.98	$0.99
Adjusted Weighted Average Diluted Shares Outstanding	97.17M	97.29M	98.27M	105.78M	104.47M	101.61M	100.70M	98.32M	96.22M	95.53M
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	97.17M	97.29M	98.27M	105.78M	104.47M	101.61M	100.70M	98.32M	96.22M	95.53M
Normalized Net Operating Profit after Tax (NOPAT)	67	-71	173	319	174	127	241	318	156	137
Normalized NOPAT Margin	5.01%	-4.59%	9.42%	17.05%	9.52%	7.00%	11.74%	15.66%	7.99%	6.79%
Pre Tax Income Margin	5.28%	5.34%	7.68%	14.06%	9.44%	5.61%	13.99%	13.58%	5.93%	5.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.65	0.00	3.94	3.80	3.26	2.28	6.04	3.82	2.68	2.60
NOPAT to Interest Expense	1.57	0.00	3.60	3.39	4.67	2.65	6.06	3.25	2.27	2.62
EBIT Less CapEx to Interest Expense	0.93	0.00	1.33	2.23	2.46	-1.38	4.96	-5.93	-2.12	-3.76
NOPAT Less CapEx to Interest Expense	-0.15	0.00	1.00	1.83	3.86	-1.00	4.99	-6.50	-2.53	-3.74
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-116.14%	-241.80%	-291.80%	-200.74%	-140.83%	-83.54%	-41.55%	-84.23%	-162.43%	-191.64%
Augmented Payout Ratio	-14.90%	-68.59%	-236.36%	-170.90%	-112.45%	-32.92%	19.37%	-21.73%	-70.95%	-105.39%

Frequently Asked Questions About Voya Financial's Financials

When does Voya Financial's fiscal year end?

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

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

Voya Financial's net income appears to be on an upward trend, with a most recent value of $742 million in 2024, rising from $538 million in 2015. The previous period was $729 million in 2023.

What is Voya Financial's operating income?

Voya Financial's total operating income in 2024 was $1.10 billion, based on the following breakdown:

Total Gross Profit: $4.43 billion
Total Operating Expenses: $3.33 billion

How has Voya Financial revenue changed over the last 8 years?

Over the last 8 years, Voya Financial's total revenue changed from $8.72 billion in 2015 to $8.05 billion in 2024, a change of -7.6%.

How much debt does Voya Financial have?

Voya Financial's total liabilities were at $157.88 billion at the end of 2024, a 4.5% increase from 2023, and a 21.8% decrease since 2015.

How much cash does Voya Financial have?

In the past 8 years, Voya Financial's cash and equivalents has ranged from $1.01 billion in 2022 to $2.51 billion in 2015, and is currently $1.51 billion as of their latest financial filing in 2024.

How has Voya Financial's book value per share changed over the last 9 years?

Over the last 9 years, Voya Financial's book value per share changed from 62.40 in 2015 to 41.62 in 2024, a change of -33.3%.

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This page (NYSE:VOYA) was last updated on 4/16/2025 by MarketBeat.com Staff

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Voya Financial (VOYA) Financials

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