# Equitable Holdings, Inc. (EQH)

> Source: Nexqual · https://nexqual.com/EQH · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Equitable Holdings, Inc. (EQH), nexqual.com/EQH" · informational, not investment advice.

**Price:** USD 55.04 (+1.23% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 54.37 · day 53.52–55.16 · 52w 35.2–55.23 · market cap $15.0B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $10.6B, net income -$926M (-8.7% margin) (SEC filings).
- 5 of 80 tracked superinvestors hold EQH (13F, Q2 2026): 2 new, 1 added, 1 reduced, 1 unchanged.
- Total return with dividends: 1Y +16.1% vs S&P 500 +14.9%; 5Y +84.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 1.86, revenue estimate $3.96B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $7.61B | $12.6B | $10.5B | $12.4B | $11.7B | $10.6B |
| Net income | $1.75B | $2.15B | $1.28B | $1.28B | -$1.38B | -$926M |
| EPS (diluted) | $3.98 | $5.46 | $3.42 | $3.69 | -$4.83 | — |
| Net margin | 23.0% | 17.0% | 12.3% | 10.3% | -11.8% | -8.7% |
| Revenue growth | -38.7% | +66.1% | -17.3% | +18.8% | -6.1% | — |
| Cash + short-term investments | $5.19B | $4.28B | $8.24B | $6.96B | $12.5B | — |
| Total debt | $3.93B | $4.08B | $4.07B | $3.83B | $3.86B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 1.4x · EV/Sales 0.2x · Earnings yield -6.17% · Dividend yield (paid, TTM) 2.11% · Buyback yield (TTM) 9.76% · Net cash $13.3B · EV $1.67B
P/E at fiscal year-ends: Dec 2024 12.0x, Dec 2023 9.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
5 of 80 tracked investors hold EQH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Greg Alexander | Conifer Management | 30.38% | $184M | Unchanged |
| Richard Pzena | Pzena Investment Management | 0.72% | $244M | Added +24.6% |
| Viking Global | Viking Global Investors | 0.68% | $237M | New position |
| Bill Nygren | Oakmark Funds | 0.55% | $416M | New position |
| Ruane Cunniff | Ruane Cunniff LP | 0.03% | $1.8M | Reduced -0.4% |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Wells Fargo | Target raised | Overweight | $64 → $65 |
| 2026-10-07 | Mizuho | Target lowered | Outperform | $67 → $66 |
| 2026-10-07 | Barclays | Target raised | Overweight | $52 → $61 |
| 2026-08-20 | Evercore ISI Group | Target raised | Outperform | $65 → $66 |
| 2026-08-19 | Wells Fargo | Target raised | Overweight | $60 → $64 |
| 2026-08-11 | Keefe, Bruyette & Woods | Target raised | Outperform | $62 → $67 |
| 2026-08-05 | Barclays | Target raised | Overweight | $50 → $52 |
| 2026-07-13 | Evercore ISI Group | Target raised | Outperform | $63 → $65 |
| 2026-07-13 | Keefe, Bruyette & Woods | Target raised | Outperform | $60 → $62 |
| 2026-07-10 | Jefferies | Target raised | Buy | $64 → $66 |
| 2026-07-09 | Wells Fargo | Target raised | Overweight | $57 → $60 |
| 2026-07-09 | Mizuho | Target raised | Outperform | $61 → $62 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +16.1% | +84.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +16.1% | +13.0% |
| Volatility (annualized) | 33.2% | 29.8% |
| Max drawdown | -27.8% (Jan 2026→Mar 2026) | -35.7% (Jun 2025→Mar 2026) |

## Peers (Asset Management)
OWL (Blue Owl Capital Inc.) USD 9.71 +5.89% · PHYS ("Sprott Physical Gold Trust") USD 30.39 -2.72% · CRBG (Corebridge Financial Inc.) USD 35.59 +0.82% · BEN (Franklin Templeton, Inc.) USD 31.52 -0.51% · CG (The Carlyle Group Inc.) USD 39.2 +5.18% · ARCC (Ares Capital Corporation) USD 18.79 +2.12%

## More
Full page: https://nexqual.com/EQH · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name EQH in their own reports (relationship from EQH's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | ALLIANCEBERNSTEIN HOLDING L.P. (AB) | 10-K 2026-02-12 | "Including these general partnership interests, EQH, directly and through certain of its subsidiaries (see "Principal Security Holders" in Item 12), had an approximate 68.3% economic interest in AB as …" |

## Company outlook (8-K filed 2026-08-04)

- "Subject to regulatory approvals, the merger is expected to close by year-end 2026."
- "(xix) estimates, assumptions and valuations, including risk management 8 policies and procedures, potential inadequacy of reserves and experience differing from pricing expectations, amortization of deferred acquisition costs and financial models;"

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.86 | $1.89 | -1.7% | $3.96B | 14 |
| Next quarter (ends 2026-12-31) | $1.96 | $1.96 | +0.3% | $4.04B | 12 |
| Current fiscal year (ends 2026-12-31) | $7.14 | $7.16 | -0.3% | $15.55B | 14 |
| Next fiscal year (ends 2027-12-31) | $8.93 | $8.93 | +0.1% | $17.15B | 13 |