Equitable Holdings, Inc. EQH NYSE

Equitable Holdings, Inc. (EQH) generated $713M in operating cash flow for fiscal year 2025. After capital expenditures of $34M, free cash flow was $679M.

Free cash flow margin was 5.8% of revenue. Cash conversion ratio was -0.52x, suggesting some earnings are non-cash.

The company returned $314M in dividends and $2.82B in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (84/100, Pass) — $679M (5.8% FCF margin) supports a durable competitive advantage
• INCOME (10/100) — Cash conversion ratio was -0.52x suggests some earnings are non-cash items

Overall SharesGrow Score: 62/100 with 3/7 criteria passed.