Forensic Analysis · General / Diversified · as of Jun 27, 2026
Equitable Holdings, Inc. (EQH)
A forensic read on Equitable Holdings, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Clean
Earnings quality
2
Forensic signals
-198.2%
ROE
$12.4B
Market cap
2.67%
Dividend yield
Equitable Holdings, Inc. earns a D (Weak — demands caution) forensic quality grade. 2 forensic signals were flagged in its latest SEC filings, led by stock-based comp load.
What the filings flag
2% of revStock-based comp load. Stock-based compensation ran 2% of revenue and 37% of free cash flow in FY2025 — about $0.88 per diluted share. Heavy — a large slice of 'free cash flow' is really being paid out in stock, so the true owner cash per share is well below the headline.
247% of FCFShareholder returns. Returned $1.8B to shareholders (buybacks + dividends) in FY2025 — 247% of free cash flow. More than free cash flow generated — and beyond operating cash too, so the extra is coming from debt or cash reserves, which isn't sustainable indefinitely.
Key fundamentals
Net Margin-11.8%
Latest Revenue$11.66B
Revenue Growth YoY-6.1%
Go deeper — free with an account
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🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
🔒Peer comparison + filing-change monitoring & alerts
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Data from SEC EDGAR public filings · metrics as of Jun 27, 2026. Forensic signals flag probability, not certainty.