CluenexEquitable Holdings EQH
Equitable Holdings scores weak on business quality (1.0 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Equitable Holdings does
Equitable Holdings makes money by providing retirement products, life insurance, and wealth management services to individuals and corporate clients. It collects fees and premiums to manage assets and deploy capital across financial markets.
- What it does best
Equitable generates a free cash flow margin of 22%, placing it in the top quartile of its sector. This cash generation stems from established insurance and asset accumulation platforms that lock in long-term customer annuities.
- The main risk
Negative return on equity of -198.15% exposes severe balance-sheet distress and severe capital erosion. If operational losses persist, the firm risks impairing its regulatory capital buffers.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits at 17.5% and net margin at -6.7%, driven by a net loss of $982M. The negative return on equity shows scale fails to drive efficient returns.
The firm holds a narrow moat locked around insurance policyholders, though its return on equity of -198.15% and sector percentile of 0 reflect extreme pressure that limits durability.
Revenue fell 16.4% to $14.7B over the latest period, fading sharply from prior years and landing in the bottom quartile of its sector with a revenue growth percentile of 1.
Total debt sits at $24.5B against $12.5B in cash, yielding net debt of $12.0B while interest coverage stands at 11.4x. Free cash flow reached $1.3B, marking a troubled foundation getting softer.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
6 sold $1.7M outside pre-planned sales.
Our sealed record on EQH
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Equitable Holdings scores weak on the Cluenex quality check (1.0 of 10), measured against its own industry. Profitability is weak, moat weak, growth slow and financial health weak.
In the last 90 days of SEC Form 4 filings: 6 sold $1.7M outside pre-planned sales.
Nov 2, 2026, after the close.
See EQH today
- Today's verdict on EQH, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Equitable Holdings (EQH)”, https://cluenex.com/stocks/eqh/, data as of Oct 10, 2026.