$39.85
-1.7%Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals. The Group Retirement segment provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. The Investment Management and Research segment offers diversified investment management, research, and related solutions to various clients through institutional, retail, and private wealth management channels; and distributes its institutional research products and solutions. The Protection Solutions segment provides various variable universal life, indexed universal life, and term life products to help affluent and high net worth individuals, as well as small and medium-sized business owners; and a suite of life, short- and long-term disability, dental, and vision insurance products to small and medium-size businesses. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโmonitor closely.
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
EQH โข NYSE
| Equitable Holdings, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||
-1.4B | 1.3B | 1.3B | 2.4B | 388M | -349M | -1.5B | 2.2B | 1.3B | 1.6B | 658M | 2B | |
872M | 0.0 | 812M | 636M | 519M | 1.8B | 675M | 296M | 399M | -21M | 9M | 353M | |
0.0 | 0.0 | -144M | 328M | 274M | 210M | 278M | 228M | 247M | 213M | 243M | 0.0 | |
4.7B | 2B | 434M | -2.2B | 983M | -1.8B | 728M | -2.2B | -2.8B | -2.3B | -1.3B | -3.9B | |
(0.0) | (0.0) | (266M) | (89M) | (305M) | (0.0) | (0.0) | (57M) | (31M) | (0.0) | (94M) | (98M) | |
-3.5B | -1.7B | -2.6B | -1.4B | -2.4B | 110M | -430M | -448M | 637M | 254M | 169M | 939M | |
713M | 1.6B | -208M | -250M | -193M | -61M | -216M | 61M | -243M | -236M | -192M | -628M | |
INVESTING ACTIVITIES | ||||||||||||
-34M | -153M | -117M | -167M | -120M | -107M | -93M | -123M | -102M | -97M | -83M | -92M | |
(214M) | (340M) | (0.0) | (40M) | (0.0) | (219M) | (0.0) | -472M | -130M | -21M | (0.0) | -61M | |
-33.6B | -31.2B | -18B | -21.3B | -51.3B | -30.3B | -34.5B | -29.3B | -33.4B | -25B | -27.2B | -20.1B | |
22.9B | 14.9B | 15.3B | 17B | 40.4B | 23.8B | 26.7B | 26.8B | 22.6B | 20.1B | 25.2B | 17.5B | |
-274M | 795M | -2B | -3B | -1.7B | -1.4B | -627M | 978M | 1.4B | -709M | -78M | 1.1B | |
-10.8B | -15.4B | -4.9B | -7.5B | -12.7B | -7.8B | -8.5B | -2B | -9.7B | -5.8B | -2.1B | -1.6B | |
FINANCING ACTIVITIES | ||||||||||||
-2.8B | -1.3B | -1.1B | -1.1B | -1.6B | -85M | -747M | -2.3B | -275M | -236M | -214M | -90M | |
286M | -807M | 899M | -62M | 609M | 300M | -360M | 1.1B | 738M | -1.6B | -397M | -483M | |
-375M | -382M | -381M | -374M | -375M | -350M | -285M | -157M | (0.0) | (0.0) | (0.0) | (0.0) | |
-2.8B | -1.3B | -1.1B | -1.1B | -1.9B | -579M | -1.5B | -2.3B | -275M | -236M | -214M | -90M | |
18.4B | 14.6B | 9.5B | 8.5B | 13.3B | 9.8B | 10.1B | 3B | 8.6B | 7B | 3.5B | 4.7B | |
15.5B | 12.1B | 9B | 7B | 11.9B | 9.7B | 8.7B | 1.7B | 9.1B | 5.1B | 2.9B | 4.1B | |
CASH FLOW SUMMARY | ||||||||||||
36M | -20M | 23M | -215M | -56M | -17M | -57M | -12M | 22M | -10M | -10M | -20M | |
5.5B | -1.6B | 4B | -907M | -991M | 1.8B | -64M | -345M | -840M | -903M | 555M | 1.8B | |
7.5B | 9.1B | 4.3B | 5.2B | 6.2B | 4.4B | 4.5B | 4.8B | 5.7B | 6.6B | 6B | 4.2B | |
13B | 7.5B | 8.2B | 4.3B | 5.2B | 6.2B | 4.4B | 4.5B | 4.8B | 5.7B | 6.6B | 6B | |
679M | 1.5B | -325M | -417M | -313M | -168M | -309M | -62M | -345M | -333M | -275M | -720M |
EQH - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 04, 2026 | May 04, 2026 | 2026 | |
10-K/A 10-K/A 2025 FY (Amended) FY | April 21, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | April 16, 2026 | April 15, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 08, 2026 | April 08, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 26, 2026 | March 26, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 25, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 04, 2026 | February 04, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 07, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 04, 2025 | November 04, 2025 | 2025 |
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