Equitable Holdings (EQH) Return on Invested Capital [ROIC] (2021 - 2026)
Equitable Holdings' Return on Invested Capital [ROIC] was -37.81% in Q2 2026, down 15.21 percentage points from -22.60% a year earlier but up 5.30 percentage points from the prior quarter.
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Analysis
Equitable Holdings (EQH) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Equitable Holdings came in at -49.58%, down 42.75 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of -36.98 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was -6.83% in FY2024 (+19.16 pp), -25.99% in FY2023 (-27.89 pp), 1.90% in FY2022 (+2.79 pp) and -0.89% in FY2021 (+11.71 pp).
- Quarterly Return on Invested Capital [ROIC] has moved between -57.95% (Q4 2025) and 41.87% (Q3 2022) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for five straight quarters, with an average year-over-year change of -14.65 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q2 2022 (a gain of 72.52 percentage points); the worst was Q3 2023 (a drop of 55.68 percentage points).
- Per Business Quant data, EQH's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was -43.11% (Q1 2026), -57.95% (Q4 2025) and -47.68% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,083.21 Bn | -334.26 Bn | 55.86 Bn | - |
| 2 | Chubb | 127.58 Bn | 79.64 Bn | 9.13 Bn | -11.59% |
| 3 | Progressive | 122.25 Bn | 98.08 Bn | 9.04 Bn | - |
| 4 | Marsh & Mclennan Companies | 81.29 Bn | 73.03 Bn | - | 12.87% |
| 5 | Travelers Companies | 75.19 Bn | 51.44 Bn | 6.23 Bn | - |
| 6 | Manulife Financial | 73.16 Bn | 74.37 Bn | - | 11.21% |
| 7 | Metlife | 60.22 Bn | -46.26 Bn | 7.82 Bn | -102.80% |
| 8 | Arthur J. Gallagher | 57.98 Bn | 52.41 Bn | - | 5.67% |
| 9 | Aon | 57.16 Bn | 50.40 Bn | - | 14.78% |
| 10 | Equitable Holdings | 14.37 Bn | -43.70 Bn | 1.22 Bn | -37.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -37.81% |
| Mar 31, 2026 | -43.11% |
| Dec 31, 2025 | -57.95% |
| Sep 30, 2025 | -47.68% |
| Jun 30, 2025 | -22.60% |
| Mar 31, 2025 | -8.16% |
| Dec 31, 2024 | -6.69% |
| Sep 30, 2024 | -32.33% |
| Jun 30, 2024 | -13.03% |
| Mar 31, 2024 | -16.30% |
| Dec 31, 2023 | -26.25% |
| Sep 30, 2023 | -13.81% |
| Jun 30, 2023 | -17.53% |
| Mar 31, 2023 | -9.79% |
| Dec 31, 2022 | 3.29% |
| Sep 30, 2022 | 41.87% |
| Jun 30, 2022 | 31.86% |
| Mar 31, 2022 | 15.26% |
| Dec 31, 2021 | -0.99% |
| Sep 30, 2021 | -24.43% |
API Access
Equitable Holdings Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=EQH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "EQH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=EQH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();