MFC vs CRBG Stock Comparison

Manulife Financial and Corebridge Financial Prices as of Oct 23, 2026 Peers: Industry group
MFC Manulife Financial Corp
$44.26 +1.5% 1M +37.5% 1Y
Market cap
$75.80B
P/E
16.0x
Revenue (TTM)
$47.47B
Div. yield
-0.03%
Life Insurance Financial Services
6 wins

Head to Head

8 decided of 12

Manulife Financial leads on 6 of the 12 questions below (Manulife Financial 6, Corebridge Financial 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMFCCRBGLeader
Larger companyMarket capitalisation $75.80B $15.76B MFC
Cheaper on earningsLower P/E, profitable companies only 16.0x 17.7x MFC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.5x 7.1x CRBG
Faster revenue growthRevenue growth, trailing twelve months +19.7% +29.5% CRBG
More profitableNet margin, trailing twelve months 10.0% 4.4% MFC
Better return on capitalReturn on invested capital — -25.4% –
Less leveragedLower net debt / EBITDA — -0.7x –
Higher dividend yieldTrailing dividend yield -0.03% 0.03% –
Better 1-year returnPrice return, last 12 months +37.5% +7.1% MFC
Better 5-year returnAnnualised price return, 5 years +16.9%/yr — –
Less volatileAnnualised volatility, 1 year 20.2% 35.0% MFC
Higher overall scoreMean of the five percentile scores vs peers 50/100 28/100 MFC

Percentile Scorecard

MFCCRBG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisMFCCRBG
Valuation 63 #45 of 119 46 #65 of 119
Growth 82 #22 of 117 29 #83 of 117
Profitability 53 #56 of 117 16 #99 of 117
Financial Health 15 #101 of 118 6 #111 of 118
Shareholder Returns 38 #67 of 108 43 #62 of 108
Overall 50 28
  • MFC ranked among 126 companies in Insurance
  • CRBG ranked among 126 companies in Insurance

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodMFCCRBGSPY
1 month +1.5%+0.7% -1.0%
3 months +1.4%+9.1% +2.9%
6 months +14.2%+29.9% +6.4%
Year to date +22.0%+13.1% +11.4%
1 year +37.5%+7.1% +13.1%
3 years +154.2%+64.6% +79.4%
3 years, per year +36.5%+18.1% +21.5%
5 years +118.1%— +67.7%
5 years, per year +16.9%— +10.9%
10 years +202.7%— +255.2%
10 years, per year +11.7%— +13.5%

Risk

MeasureMFCCRBGSPY
Volatility, 1Y 20.2%35.0% 12.7%
Downside volatility, 1Y 21.3%38.2% 12.7%
Beta vs S&P 500, 1Y 0.741.32 1.00
Return / volatility, 1Y 1.850.20 1.03
Max drawdown, 5Y -29.9%-38.0% -25.4%
From 52-week high -2.9%-4.1% -2.5%
52-week high $45.60$35.58 $779.14
52-week low $32.15$22.30 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleMFCCRBG
P/E now vs peer median 15.9xmedian 10.5x 17.4xmedian 10.5x
P/S now vs peer median 1.6xmedian 1.4x 0.8xmedian 1.4x
EV/EBITDA now vs peer median —median 8.0x -3.2xmedian 8.0x
P/FCF now vs peer median 3.2xmedian 8.4x 8.2xmedian 8.4x
P/B now vs peer median 1.9xmedian 1.5x 1.3xmedian 1.5x
PEG now vs peer median 0.71median 0.47 -0.86median 0.47

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsMFCCRBG
Revenue $47.47B $20.06B
Gross profit – $12.23B
Operating income – -$6.75B
Net income $4.76B $883.00M
Free cash flow $23.26B $1.85B
EPS (diluted) $2.78 $1.96
Total debt $185.03B $9.36B
Shares (diluted) 1.71B 454.20M
Enterprise value -$19.08B -$6.01B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricMFCCRBG
P/E 15.9x 17.4x
P/FCF 3.2x 8.2x
P/Operating cash flow 3.2x 8.2x
P/S 1.6x 0.8x
P/B 1.9x 1.3x
P/Tangible book 1.9x 1.3x
EV/EBITDA – -3.2x
EV/EBIT 14.4x -2.9x
EV/Revenue 2.2x 1.0x
EV/FCF 4.4x 10.4x
EV/Operating cash flow 4.4x 10.4x
PEG (3Y EPS CAGR) 0.71 -0.86

Growth

14 metrics
MetricMFCCRBG
Revenue growth (1Y) 19.7% 29.5%
Revenue CAGR (3Y) 13.5% -1.0%
Gross profit growth (1Y) – 19.0%
Gross profit CAGR (3Y) – 3.0%
Operating income growth (1Y) – -26.1%
Operating income CAGR (3Y) – -1.9%
Net income growth (1Y) -19.1% 353.7%
Net income CAGR (3Y) 68.2% -30.9%
EPS growth (1Y) 14.8% 419.6%
EPS CAGR (3Y) 22.3% -20.2%
Operating cash flow growth (1Y) 139.4% 10.4%
Operating cash flow CAGR (3Y) 40.5% -20.3%
Free cash flow growth (1Y) 139.4% 10.4%
Free cash flow CAGR (3Y) 40.5% -20.3%

Profitability

14 metrics
MetricMFCCRBG
Gross margin – 61.0%
EBITDA margin – -30.1%
Operating margin – -33.6%
Pretax margin 12.8% 5.4%
Net margin 10.0% 4.4%
FCF margin 49.0% 9.2%
Operating cash flow margin 49.0% 9.2%
Return on equity 9.2% 7.6%
Return on assets 0.5% 0.2%
Return on invested capital – -25.4%
Return on capital employed – –
Asset turnover 0.1x 0.0x
Cash conversion (OCF / net income) 4.9x 2.1x
Stock comp / revenue – –

Financial Health

11 metrics
MetricMFCCRBG
Debt / assets 6.0% 2.3%
Debt / equity 1.2x 0.8x
Net debt / EBITDA – -0.7x
Debt / FCF 2.0x 5.1x
Liabilities / assets 95.0% 97.3%
Equity / assets 5.0% 2.7%
Interest coverage 6.7x -12.8x
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricMFCCRBG
Dividend yield 4.2% 2.9%
Net buyback yield 2.2% 20.0%
Shareholder yield 6.4% 22.9%
Payout ratio (earnings) 46.9% 53.6%
Payout ratio (FCF) 9.6% 25.5%
Dividend growth (1Y) -181.7% -10.1%
Dividend CAGR (3Y) – -22.0%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusMFCCRBG
Forward P/E 13.5xFY2026 7.1xFY2026
EPS, next fiscal year $3.28FY2026 $4.84FY2026
EPS growth, next FY +6.8%FY2026 +9.5%FY2026
EPS growth, the year after +3.7% +23.6%
Revenue, next fiscal year $32.15BFY2026 $20.27BFY2026
Revenue growth, next FY +11.0%FY2026 -0.9%FY2026
Revenue growth, the year after +5.6% +8.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMFCCRBG
Held by institutions 44.4% 100.0%
Institutions holding 810 448
Change in shares held, QoQ 0.0% +8.0%
Institutions buying 383 230
Institutions selling 227 170
Buyers to sellers 1.69 1.35

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

MFCCRBG
MFC 1.00 0.50
CRBG 0.50 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MFC and CRBG?

Manulife Financial (MFC) is the largest by market capitalisation: Manulife Financial (MFC) $75.80B, Corebridge Financial (CRBG) $15.76B.

Which stock is cheaper, MFC and CRBG?

Manulife Financial (MFC) trades on the lowest price-to-earnings ratio (Manulife Financial (MFC) 16.0x, Corebridge Financial (CRBG) 17.7x). On next year's consensus earnings, Corebridge Financial (CRBG) is cheapest (Manulife Financial (MFC) 13.5x, Corebridge Financial (CRBG) 7.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Corebridge Financial (CRBG) grew revenue fastest over the trailing twelve months: Manulife Financial (MFC) +19.7%, Corebridge Financial (CRBG) +29.5%.

Which company is more profitable?

Manulife Financial (MFC) has the highest net margin (Manulife Financial (MFC) 10.0%, Corebridge Financial (CRBG) 4.4%).

Which stock has performed better?

Over the past year Manulife Financial (MFC) returned the most: Manulife Financial (MFC) +37.5%, Corebridge Financial (CRBG) +7.1%. Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Manulife Financial (MFC) -0.03%, Corebridge Financial (CRBG) 0.03%. Manulife Financial (MFC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Manulife Financial (MFC) has been the steadiest (Manulife Financial (MFC) 20.2%, Corebridge Financial (CRBG) 35.0%). Volatility measures how widely the price swings, not the risk of the business.

Do MFC and CRBG move together?

Their daily returns over the past year have a correlation of 0.50, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, MFC and CRBG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Manulife Financial (MFC) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.