MFC vs SLF vs JXN Stock Comparison

Manulife Financial, Sun Life Financial and Jackson Financial Prices as of Nov 5, 2026 Peers: Industry group
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MFC Manulife Financial Corp
$43.99 +2.4% 1M +32.1% 1Y
Market cap
$73.52B
P/E
16.5x
Revenue (TTM)
$43.33B
Div. yield
0.03%
Life Insurance Financial Services
3 wins
SLF Sun Life Financial Inc
$73.37 -5.6% 1M +19.0% 1Y
Market cap
$40.29B
P/E
18.7x
Revenue (TTM)
—
Div. yield
–
Life Insurance Financial Services
JXN Jackson Financial Inc.
$132.78 -0.2% 1M +41.8% 1Y
Market cap
$9.06B
P/E
10.8x
Revenue (TTM)
$6.60B
Div. yield
0.03%
Life Insurance Financial Services
8 wins

Head to Head

11 decided of 12

Jackson Financial leads on 8 of the 12 questions below (Jackson Financial 8, Manulife Financial 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMFCSLFJXNLeader
Larger companyMarket capitalisation $73.52B $40.29B $9.06B MFC
Cheaper on earningsLower P/E, profitable companies only 16.5x 18.7x 10.8x JXN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.3x 12.1x 4.7x JXN
Faster revenue growthRevenue growth, trailing twelve months +3.5% — +12.6% JXN
More profitableNet margin, trailing twelve months 10.3% — 12.7% JXN
Better return on capitalReturn on invested capital — 10.6% 18.6% JXN
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.03% 0.00% 0.03% MFC
Better 1-year returnPrice return, last 12 months +32.1% +19.0% +41.8% JXN
Better 5-year returnAnnualised price return, 5 years +17.6%/yr +5.3%/yr +37.1%/yr JXN
Less volatileAnnualised volatility, 1 year 20.7% 21.8% 32.0% MFC
Higher overall scoreMean of the five percentile scores vs peers 53/100 32/100 64/100 JXN

Percentile Scorecard

MFCSLFJXN

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

AxisMFCSLFJXN
Valuation 51 #59 of 119 24 #91 of 119 94 #8 of 119
Growth 72 #34 of 117 33 #79 of 117 42 #68 of 117
Profitability 62 #45 of 117 22 #91 of 117 59 #49 of 117
Financial Health 11 #105 of 118 28 #85 of 118 39 #72 of 118
Shareholder Returns 69 #34 of 108 51 #54 of 108 84 #18 of 108
Overall 53 32 64
  • MFC ranked among 126 companies in Insurance
  • SLF ranked among 126 companies in Insurance
  • JXN ranked among 126 companies in Insurance

Price Performance

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

Returns

PeriodMFCSLFJXNSPY
1 month +2.4%-5.6%-0.2% -5.9%
3 months -1.3%-10.9%-0.4% -4.6%
6 months +11.2%+5.6%+20.6% +0.2%
Year to date +21.3%+17.6%+24.5% +7.5%
1 year +32.1%+19.0%+41.8% +8.2%
3 years +137.4%+53.7%+236.0% +68.3%
3 years, per year +33.4%+15.4%+49.8% +19.0%
5 years +124.6%+29.2%+384.6% +56.5%
5 years, per year +17.6%+5.3%+37.1% +9.4%
10 years +208.5%+121.9%— +251.5%
10 years, per year +11.9%+8.3%— +13.4%

Risk

MeasureMFCSLFJXNSPY
Volatility, 1Y 20.7%21.8%32.0% 13.6%
Downside volatility, 1Y 22.4%26.5%33.7% 14.2%
Beta vs S&P 500, 1Y 0.770.630.91 1.00
Return / volatility, 1Y 1.550.871.31 0.60
Max drawdown, 5Y -29.9%-33.0%-49.1% -25.4%
From 52-week high -4.3%-12.7%-5.8% -5.9%
52-week high $45.98$84.07$140.89 $779.14
52-week low $33.18$57.60$90.62 $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.

MultipleMFCSLFJXN
P/E now vs peer median 16.8xmedian 10.9x 19.2xmedian 10.9x 10.8xmedian 10.9x
P/S now vs peer median 1.7xmedian 1.4x —median 1.4x 1.3xmedian 1.4x
EV/EBITDA now vs peer median —median 7.1x —median 7.1x —median 7.1x
P/FCF now vs peer median 3.7xmedian 8.3x 14.3xmedian 8.3x 1.5xmedian 8.3x
P/B now vs peer median 1.9xmedian 1.5x 2.1xmedian 1.5x 1.0xmedian 1.5x
PEG now vs peer median 1.22median 0.62 -4.03median 0.62 -1.30median 0.62

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 monthsMFCSLFJXN
Revenue $43.33B – $6.60B
Net income $4.50B $2.42B $920.00M
Free cash flow $20.01B $2.85B $5.93B
EPS (diluted) $2.61 $3.81 $12.28
Cash & equivalents – – $4.10B
Total debt $45.99B $6.43B $2.77B
Shares (diluted) 1.71B 566.00M 68.46M
Enterprise value -$21.99B $6.78B -$12.27B

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
MetricMFCSLFJXN
P/E 16.8x 19.2x 10.8x
P/FCF 3.7x 14.3x 1.5x
P/Operating cash flow 3.7x 13.7x 1.5x
P/S 1.7x – 1.3x
P/B 1.9x 2.1x 1.0x
P/Tangible book 1.9x 2.7x 1.0x
EV/EBITDA – – –
EV/EBIT 15.7x 11.4x 3.2x
EV/Revenue 2.3x – 1.1x
EV/FCF 5.1x 14.3x 1.3x
EV/Operating cash flow 5.1x 13.7x 1.3x
PEG (3Y EPS CAGR) 1.22 -4.03 -1.30

Growth

14 metrics
MetricMFCSLFJXN
Revenue growth (1Y) 3.5% – 12.6%
Revenue CAGR (3Y) 10.7% – 17.1%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – –
Operating income CAGR (3Y) – – –
Net income growth (1Y) -15.2% 4.9% 50.8%
Net income CAGR (3Y) 49.0% -1.1% -20.0%
EPS growth (1Y) 8.0% 1.7% 62.3%
EPS CAGR (3Y) 13.8% -4.8% -8.3%
Operating cash flow growth (1Y) 73.3% 84.7% 4.8%
Operating cash flow CAGR (3Y) 75.0% 8.6% -0.1%
Free cash flow growth (1Y) 73.3% 89.6% 4.8%
Free cash flow CAGR (3Y) 75.0% 4.9% -0.1%

Profitability

14 metrics
MetricMFCSLFJXN
Gross margin – – –
EBITDA margin – – –
Operating margin – – –
Pretax margin 13.1% – 13.7%
Net margin 10.3% – 12.7%
FCF margin 46.2% – 89.9%
Operating cash flow margin 46.2% – 89.9%
Return on equity 15.2% 12.5% 9.5%
Return on assets 0.8% 0.8% 0.3%
Return on invested capital – 10.6% 18.6%
Return on capital employed – – –
Asset turnover 0.1x – 0.0x
Cash conversion (OCF / net income) 4.4x 1.2x 6.4x
Stock comp / revenue – – 2.0%

Financial Health

11 metrics
MetricMFCSLFJXN
Debt / assets 6.0% 2.2% 0.8%
Debt / equity 1.2x 0.3x 0.3x
Net debt / EBITDA – – –
Debt / FCF 2.3x 2.3x 0.5x
Liabilities / assets 94.9% 93.6% 97.5%
Equity / assets 5.1% 6.4% 2.5%
Interest coverage 8.3x 8.7x 1.6x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricMFCSLFJXN
Dividend yield 4.3% 5.1% 2.6%
Net buyback yield 2.1% -0.1% 3.8%
Shareholder yield 6.4% 5.0% 6.5%
Payout ratio (earnings) 49.6% – 26.0%
Payout ratio (FCF) 11.2% – 4.0%
Dividend growth (1Y) 488.7% – 8.6%
Dividend CAGR (3Y) – – 8.5%

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.

ConsensusMFCSLFJXN
Forward P/E 13.3xFY2026 12.1xFY2026 4.7xFY2026
EPS, next fiscal year $3.31FY2026 $6.06FY2026 $27.97FY2026
EPS growth, next FY +7.8%FY2026 +11.6%FY2026 +23.4%FY2026
EPS growth, the year after +3.6% -3.1% +9.6%
Revenue, next fiscal year $32.56BFY2026 $6.17BFY2026 $7.83BFY2026
Revenue growth, next FY +12.4%FY2026 -4.1%FY2026 +17.2%FY2026
Revenue growth, the year after +5.5% +29.2% +4.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMFCSLFJXN
Held by institutions 44.4% 44.7% 89.6%
Institutions holding 812 491 504
Change in shares held, QoQ 0.0% +1.3% +0.7%
Institutions buying 382 256 241
Institutions selling 227 130 189
Buyers to sellers 1.68 1.97 1.28

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.

MFCSLFJXN
MFC 1.00 0.53 0.42
SLF 0.53 1.00 0.29
JXN 0.42 0.29 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MFC, SLF and JXN?

Manulife Financial (MFC) is the largest by market capitalisation: Manulife Financial (MFC) $73.52B, Sun Life Financial (SLF) $40.29B, Jackson Financial (JXN) $9.06B.

Which stock is cheaper, MFC, SLF and JXN?

Jackson Financial (JXN) trades on the lowest price-to-earnings ratio (Manulife Financial (MFC) 16.5x, Sun Life Financial (SLF) 18.7x, Jackson Financial (JXN) 10.8x). On next year's consensus earnings, Jackson Financial (JXN) is cheapest (Manulife Financial (MFC) 13.3x, Sun Life Financial (SLF) 12.1x, Jackson Financial (JXN) 4.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Jackson Financial (JXN) grew revenue fastest over the trailing twelve months: Manulife Financial (MFC) +3.5%, Jackson Financial (JXN) +12.6%.

Which company is more profitable?

Jackson Financial (JXN) has the highest net margin (Manulife Financial (MFC) 10.3%, Jackson Financial (JXN) 12.7%). On return on invested capital, Jackson Financial (JXN) leads (Sun Life Financial (SLF) 10.6%, Jackson Financial (JXN) 18.6%).

Which stock has performed better?

Over the past year Jackson Financial (JXN) returned the most: Manulife Financial (MFC) +32.1%, Sun Life Financial (SLF) +19.0%, Jackson Financial (JXN) +41.8%. Over five years, Jackson Financial (JXN) compounded fastest (Manulife Financial (MFC) +17.6%/yr, Sun Life Financial (SLF) +5.3%/yr, Jackson Financial (JXN) +37.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Manulife Financial (MFC) has the highest dividend yield: Manulife Financial (MFC) 0.03%, Sun Life Financial (SLF) 0.00%, Jackson Financial (JXN) 0.03%. Sun Life Financial (SLF) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Manulife Financial (MFC) has been the steadiest (Manulife Financial (MFC) 20.7%, Sun Life Financial (SLF) 21.8%, Jackson Financial (JXN) 32.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MFC, SLF and JXN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Jackson Financial (JXN) leads on 8. 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.