BHFAM Brighthouse Financial, Inc. - Depositary shares each representing a 1/1,000th Interest in a Share of 4.625% Non-Cumulative Preferred Stock, Series D
NASDAQ · Insurance · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Feb 24, 2026BHFAM Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About Brighthouse Financial, Inc. - Depositary shares each representing a 1/1,000th Interest in a Share of 4.625% Non-Cumulative Preferred Stock, Series D Company overview from Wikipedia
Brighthouse Financial, Inc. is an American insurance company, headquartered in Charlotte, North Carolina, that sells annuity and life insurance. As of March 2018, Brighthouse was one of the largest providers of annuities and life insurance in the United States, with $219 billion in total assets and around 2.6 million insurance policies and annuity contracts in-force .
During the same year Brighthouse Financial along with 90 additional Fortune 500 companies "paid an effective federal tax rate of 0% or less" as a result of Donald Trump's Tax Cuts and Jobs Act of 2017.
History
Origin
The company was formed in 2017 from foundations created by Travelers, which began selling life insurance in 1923 and annuities in 1938, and MetLife, which acquired New England Life Insurance Company (NELICO) in 1996 and annuity company Security First Group, Inc in 1997. In 2005, MetLife acquired Travelers Life.
Separation from MetLife
In January 2016, MetLife, Inc. announced it intended to separate a substantial portion of its U.S. retail segment of life insurance and annuities. The entities marked for separation into the new enterprise included: Brighthouse Life Insurance Company (formerly MetLife Insurance Company USA), Brighthouse Life Insurance Company of NY (formerly First MetLife Investors Insurance Company) and New England Life Insurance Company. On July 21, 2016, MetLife announced it would rebrand the business as Brighthouse Financial and on March 6, 2017, the company began selling annuity and life insurance under the Brighthouse Financial brand.
On August 4, 2017, Brighthouse Financial completed its separation from MetLife. The company began trading on the Nasdaq stock exchange on August 7, 2017, under the symbol "BHF". Upon completion of the separation, MetLife retained a 19.2% stake in the company. In 2018, MetLife divested its remaining interest through a debt-for-equity exchange with four financial institutions that owned MetLife debt.
During 2018 Brighthouse Financial reported profits of more than $1.4 billion but paid an effective federal tax rate of 0% or less as a result of Donald Trump's Tax Cuts and Jobs Act of 2017.
Acquisition
In November 2025, New York-based private equity firm, Aquarian Holdings, agreed to acquired the company for $4.1 billion in an all-cash deal.
Products
Brighthouse Financial sells annuity and life insurance products to U.S. consumers through multiple independent distribution channels. These products are serviced by a third-party vendor, DXC Technology, instead of directly by Brighthouse Financial.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | BHFAM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 1.75Y avg ≈1.2 | ≈1.2 | 16.2 | Undervalued | |
| P/S (TTM) | 0.15Y avg ≈0.2 | ≈0.2 | 0.6 | Undervalued | |
| P/B (MRQ) | 0.15Y avg ≈0.2 | ≈0.2 | 0.7 | Undervalued | |
| Price / Cash Flow | 2.25Y avg ≈-1.3 | ≈-1.3 | 3.0 | Undervalued | |
| Price / Tangible Book | 0.15Y avg ≈0.2 | ≈0.2 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | BHFAM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Pretax Margin (TTM) | 7.0%5Y avg ≈-5.0% | ≈-5.0% | 5.6% | Top tier | |
| Net Profit Margin (TTM) | 6.4%5Y avg ≈-2.8% | ≈-2.8% | 5.1% | Top tier | |
| ROA (TTM) | 0.18%5Y avg ≈-0.04% | ≈-0.04% | 0.38% | Weak | |
| ROE (TTM) | 7.4%5Y avg ≈-1.3% | ≈-1.3% | 6.8% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | BHFAM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 43.2%5Y avg ≈2.9% | ≈2.9% | · | · | |
| Revenue CAGR 3Y | -0.52%5Y avg ≈-7.9% | ≈-7.9% | · | · | |
| Revenue CAGR 5Y | -4.5% | · | · | · | |
| EPS YoY | 23.1% | · | · | · | |
| Net Income YoY | 11.6% | · | · | · | |
| EPS CAGR 3Y | -51.9% | · | · | · | |
| Net Income CAGR 3Y | -51.8% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | BHFAM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.05Y avg ≈0.0 | ≈0.0 | 0.1 | Weak | |
| Revenue / Employee | ≈$4.8M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 10, 2026 | $0.29 | USD | ≈11.8% |
| Jun 10, 2026 | $0.29 | USD | ≈10.8% |
| Mar 10, 2026 | $0.29 | USD | ≈9.7% |
| Dec 10, 2025 | $0.29 | USD | ≈10.4% |
| Sep 10, 2025 | $0.29 | USD | ≈9.6% |
| Jun 10, 2025 | $0.29 | USD | ≈7.7% |
| Mar 10, 2025 | $0.29 | USD | ≈7.8% |
| Dec 10, 2024 | $0.29 | USD | ≈6.9% |
| Sep 10, 2024 | $0.29 | USD | ≈6.6% |
| Jun 10, 2024 | $0.29 | USD | ≈7.1% |
| Mar 7, 2024 | $0.29 | USD | ≈6.9% |
| Dec 7, 2023 | $0.29 | USD | ≈7.7% |
| Sep 7, 2023 | $0.29 | USD | ≈7.9% |
| Jun 8, 2023 | $0.29 | USD | ≈8.0% |
| Mar 9, 2023 | $0.29 | USD | ≈7.1% |
| Dec 8, 2022 | $0.29 | USD | ≈7.5% |
| Sep 8, 2022 | $0.29 | USD | ≈5.7% |
| Jun 9, 2022 | $0.29 | USD | ≈3.6% |
| Mar 9, 2022 | $0.40 | USD | ≈1.9% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | $4.45 | $4.91 | -9.3% | |
| March 31, 2026 | $4.35 | $4.70 | -7.5% | |
| Dec. 31, 2025 | $3.70 | $5.27 | -29.8% | |
| Sept. 30, 2025 | $16.87 | $5.10 | 230.5% | |
| June 30, 2025 | $3.43 | $4.51 | -23.9% | |
| March 31, 2025 | $4.17 | $4.59 | -9.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.77B | $4.72B | $4.12B | $6.87B | $4.98B | $8.50B | $6.55B | $8.96B | $6.84B | $3.02B | |
| Operating Expenses | $1.96B | $1.95B | $1.98B | $2.08B | $2.45B | $2.35B | $2.49B | $2.58B | $2.48B | $2.28B | |
| Pretax Income | $474M | $422M | $-1.47B | $4.73B | $2.01B | $-1.42B | $-1.05B | $989M | $-615M | $-4.71B | |
| Income Tax | $36M | $29M | $-367M | $848M | $361M | $-363M | $-317M | $119M | $-237M | $-1.77B | |
| Net Income | $433M | $388M | $-1.11B | $3.88B | $1.64B | $-1.06B | $-740M | $865M | $-378M | $-2.94B | |
| EPS (Basic) | $5.75 | $4.67 | $-18.39 | $51.73 | $18.54 | $-11.58 | $-6.76 | $7.24 | $-3.16 | $-24.54 | |
| EPS (Diluted) | $5.71 | $4.64 | $-18.39 | $51.30 | $18.39 | $-11.58 | $-6.76 | $7.21 | $-3.16 | $-24.54 | |
| Shares (Basic) | 57,526,188 | 61,199,247 | 66,013,645 | 72,970,249 | 83,783,664 | 95,350,822 | 112,508,650 | 119,386,280 | 119,773,106 | 119,773,106 | |
| Shares (Diluted) | 57,939,779 | 61,600,382 | 66,013,645 | 73,581,168 | 84,466,157 | 95,350,822 | 112,508,650 | 119,827,478 | 119,773,106 | 119,773,106 |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | $4.47B | $4.11B | $2.88B | $4.14B | $1.86B | $5.23B | |
| Short-term Investments | · | $1.87B | $1.17B | $1.08B | $1.84B | $3.24B | $1.96B | $0 | $312M | $1.29B | |
| Intangibles | · | · | · | · | · | · | $78M | $91M | $105M | $120M | |
| Total Assets | $241.80B | $238.54B | $236.34B | $224.85B | $262.26B | $247.87B | $227.26B | $206.29B | $224.19B | $221.93B | |
| Deferred Tax | · | · | · | $0 | $1.06B | $1.62B | $1.35B | · | · | · | |
| Total Liabilities | $234.97B | $233.51B | $231.33B | $219.25B | $253.81B | $229.78B | $211.02B | $191.81B | $209.61B | $207.07B | |
| Long-term Debt | $3.15B | $3.15B | $3.16B | $3.16B | $3.16B | $3.44B | $4.37B | $3.96B | $3.61B | $1.91B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $0 | |
| Paid-in Capital | $13.87B | $13.93B | $14.00B | $14.07B | $14.15B | $13.88B | $12.91B | $12.47B | $12.43B | $0 | |
| Retained Earnings | $-686M | $-1.12B | $-1.51B | $-395M | $-4.27B | $-534M | $585M | $1.35B | $406M | $0 | |
| Treasury Stock | $2.69B | $2.57B | $2.31B | $2.04B | $1.54B | $1.04B | $562M | $118M | $0 | · | |
| AOCI | $-3.73B | $-5.28B | $-5.25B | $-6.11B | $47M | $5.72B | $3.24B | $716M | $1.68B | $1.26B | |
| Stockholders' Equity | $6.77B | $4.96B | $4.94B | $5.53B | $16.14B | $18.02B | $16.17B | $14.42B | $14.52B | $14.86B | |
| Liabilities + Equity | $241.80B | $238.54B | $236.34B | $224.85B | $262.26B | $247.87B | $227.26B | $206.29B | $224.19B | $221.93B | |
| Shares Outstanding | 57,171,217 | 58,629,049 | 63,503,355 | 68,278,068 | 77,870,072 | 88,211,618 | 106,027,301 | 117,532,336 | 119,773,106 | 100,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Tax | · | · | · | · | · | · | $-285M | $285M | $-667M | $-1.46B | |
| Amort. of Intangibles | · | · | · | · | · | · | $13M | $14M | $15M | $16M | |
| Operating Cash Flow | $259M | $-290M | $-137M | $-1.23B | $641M | $888M | $1.83B | $3.06B | $3.40B | $3.74B | |
| Investing Cash Flow | $751M | $-2.19B | $-3.20B | $-8.28B | $-12.24B | $-5.84B | $-7.34B | $-4.54B | $-3.92B | $4.67B | |
| Debt Issued | · | · | $0 | $0 | $400M | $615M | $1.00B | $375M | $3.59B | $0 | |
| Net Debt Issued | $-2M | $-2M | $-2M | $-3M | $-280M | $-937M | $398M | $366M | $3.58B | · | |
| Stock Repurchased | $102M | $250M | $250M | $488M | $499M | $473M | $442M | $105M | $0 | $0 | |
| Net Stock Activity | $-102M | $-250M | $-250M | $-488M | $-499M | $-473M | $-442M | $-105M | · | · | |
| Dividends Paid | · | · | · | · | · | · | · | · | $0 | $556M | |
| Financing Cash Flow | $-668M | $3.68B | $3.07B | $9.14B | $11.96B | $6.19B | $4.25B | $3.76B | $-2.85B | $-4.75B | |
| Net Change in Cash | · | · | · | · | · | · | · | $2.29B | $-3.37B | $3.66B | |
| Taxes Paid | $12M | $13M | $7M | $44M | $103M | $-100M | $16M | $-895M | $-637M | $189M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 6.4% | 8.2% | -27.0% | 0.06% | -1.5% | -12.5% | -11.3% | 9.7% | -5.5% | · | |
| Pretax Margin | 7.0% | 8.9% | -35.8% | -2.0% | -2.9% | -16.7% | -16.1% | 11.0% | -9.0% | · | |
| ROA | 0.18% | 0.16% | -0.48% | 0.00% | -0.04% | -0.45% | -0.34% | 0.40% | -0.17% | · | |
| ROE | 7.4% | 7.8% | -21.2% | 0.05% | -0.63% | -6.2% | -4.8% | 6.0% | -2.6% | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $118.38 | $84.58 | $77.84 | $87.48 | $207.29 | $204.32 | $152.53 | $122.67 | $121.19 | · | |
| Revenue / Share | $116.78 | $76.69 | $62.37 | $116.12 | $85.24 | $89.18 | $58.25 | $74.82 | · | · | |
| Cash Flow / Share | $4.47 | $-4.71 | $-2.08 | $-15.77 | $8.90 | $9.31 | $16.25 | $25.55 | · | · | |
| Cash / Share | · | · | · | · | $57.45 | $46.57 | $27.13 | $35.27 | $15.50 | · | |
| EPS (TTM) | $5.71 | $4.64 | $-18.39 | $51.30 | $18.39 | $-11.58 | $-6.76 | $7.21 | $-3.16 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 43.2% | 14.7% | -40.1% | 38.1% | -41.5% | · | · | · | · | · | |
| Revenue CAGR 3Y | -0.52% | -1.7% | -21.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -4.5% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 23.1% | · | · | 179.0% | · | · | · | · | · | · | |
| EPS CAGR 3Y | -51.9% | -36.8% | · | · | · | · | · | · | · | · | |
| Net Income YoY | 11.6% | · | · | 136.1% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -51.8% | -38.2% | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $6.77B | $4.72B | $4.12B | $6.87B | $4.98B | $8.50B | $6.55B | $8.96B | $6.84B | · | |
| Net Income TTM | $433M | $388M | $-1.11B | $3.88B | $1.64B | $-1.06B | $-740M | $865M | $-378M | · | |
| Market Cap | $631M | $945M | $1.01B | $1.04B | $1.98B | · | · | · | · | · | |
| P/E | 1.9 | 3.5 | -0.9 | 0.3 | 1.4 | · | · | · | · | · | |
| P/S | 0.1 | 0.2 | 0.2 | 0.2 | 0.4 | · | · | · | · | · | |
| P/B | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | · | · | · | · | · | |
| P / Tangible Book | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | · | · | · | · | · | |
| P / Cash Flow | 2.4 | -3.3 | -7.4 | -0.9 | 2.7 | · | · | · | · | · | |
| Earnings Yield | 51.7% | 28.8% | -115.2% | 337.5% | 72.2% | · | · | · | · | · | |
| Payout Ratio | · | · | · | · | · | · | · | · | 0.00% | · | |
| Annual Payout | · | · | · | · | · | · | · | · | $0 | · |
Income Statement
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.69B | $1.82B | $871M | $2.39B | $1.21B | $2.02B | $1.43B | $74M | $1.40B | $1.17B | $263M | $1.28B | $-127M | $1.12B | $3.87B | $2.01B | |
| Operating Expenses | $503M | $480M | $482M | $493M | $479M | $492M | $468M | $507M | $524M | $473M | $502M | $478M | $489M | $495M | $592M | $509M | |
| Pretax Income | $150M | $585M | $93M | $-354M | $834M | $188M | $14M | $-614M | $-1.17B | $590M | $-237M | $-653M | $40M | $512M | $2.18B | $2.00B | |
| Income Tax | $12M | $104M | $8M | $-88M | $162M | $10M | $-20M | $-123M | $-258M | $109M | $-62M | $-156M | $-97M | $97M | $432M | $416M | |
| Net Income | $137M | $479M | $85M | $-268M | $671M | $176M | $34M | $-493M | $-917M | $479M | $-175M | $-499M | $136M | $413M | $1.75B | $1.58B | |
| EPS (Basic) | $1.83 | $7.93 | $1.03 | $-5.04 | $10.28 | $2.49 | $0.12 | $-8.22 | $-14.58 | $6.92 | $-3.01 | $-7.72 | $3.00 | $5.42 | $23.04 | $20.27 | |
| EPS (Diluted) | $1.84 | $7.89 | $1.02 | $-5.04 | $10.27 | $2.47 | $0.12 | $-8.22 | $-14.55 | $6.89 | $-3.01 | $-7.72 | $2.89 | $5.39 | $22.91 | $20.11 | |
| Shares (Basic) | · | 57,215,806 | 57,411,289 | 58,258,125 | · | 60,600,840 | 61,956,829 | 63,036,773 | · | 65,408,241 | 66,722,046 | 67,873,189 | · | 71,517,500 | 74,570,237 | 76,853,890 | |
| Shares (Diluted) | · | 57,512,901 | 57,734,170 | 58,258,125 | · | 60,949,819 | 62,255,330 | 63,036,773 | · | 65,744,351 | 66,722,046 | 67,873,189 | · | 71,959,380 | 74,971,658 | 77,476,465 |
Balance Sheet
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | · | · | · | · | · | · | · | $4.79B | $5.07B | $4.10B | |
| Short-term Investments | · | · | · | · | · | $1.81B | $1.39B | $1.35B | · | $1.00B | $1.12B | $1.39B | · | $1.13B | $920M | $1.06B | |
| Total Assets | $241.80B | $244.68B | $242.65B | $234.68B | $238.54B | $245.16B | $237.44B | $239.69B | · | $223.52B | $231.54B | $230.00B | · | $221.64B | $228.21B | $245.05B | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $215M | |
| Total Liabilities | $234.97B | $238.25B | $236.91B | $229.38B | $233.51B | $239.57B | $233.23B | $235.43B | · | $219.38B | $226.57B | $224.18B | · | $215.76B | $217.96B | $232.17B | |
| Long-term Debt | $3.15B | $3.15B | $3.15B | $3.15B | $3.15B | $3.15B | $3.15B | $3.15B | · | $3.16B | $3.16B | $3.16B | · | $3.16B | $3.16B | $3.16B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $1M | $1M | $1M | |
| Paid-in Capital | $13.87B | $13.89B | $13.92B | $13.94B | $13.93B | $13.95B | $13.97B | $13.99B | · | $14.02B | $14.04B | $14.05B | · | $14.10B | $14.11B | $14.13B | |
| Retained Earnings | $-686M | $-823M | $-1.30B | $-1.39B | $-1.12B | $-1.79B | $-1.97B | $-2.00B | · | $-590M | $-1.07B | $-894M | · | $304M | $981M | $-2M | |
| Treasury Stock | $2.69B | $2.69B | $2.69B | $2.64B | $2.57B | $2.51B | $2.45B | $2.38B | · | $2.25B | $2.18B | $2.12B | · | $1.95B | $1.81B | $1.68B | |
| AOCI | $-3.73B | $-4.02B | $-4.26B | $-4.67B | $-5.28B | $-4.13B | $-5.42B | $-5.41B | · | $-7.12B | $-5.88B | $-5.29B | $-6.11B | $-6.64B | $-3.09B | $363M | |
| Stockholders' Equity | $6.77B | $6.36B | $5.67B | $5.24B | $4.96B | $5.53B | $4.14B | $4.20B | · | $4.07B | $4.91B | $5.75B | · | $5.81B | $10.19B | $12.81B | |
| Liabilities + Equity | $241.80B | $244.68B | $242.65B | $234.68B | $238.54B | $245.16B | $237.44B | $239.69B | · | $223.52B | $231.54B | $230.00B | · | $221.64B | $228.21B | $245.05B | |
| Shares Outstanding | 57,171,217 | 57,153,571 | 57,122,494 | 57,868,389 | 58,629,049 | 59,838,034 | 61,243,957 | 62,595,426 | 63,503,355 | 64,703,557 | 65,956,660 | 67,401,618 | 68,278,068 | 70,060,560 | 73,072,766 | 75,799,704 |
Cash Flow
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $-3M | $117M | $-1M | $146M | $-118M | $24M | $334M | $-530M | $152M | $339M | $-128M | $-500M | $-226M | $-1.02B | $123M | $-199M | |
| Investing Cash Flow | $-1.30B | $1.37B | $112M | $563M | $-357M | $-130M | $-1.08B | $-625M | $-552M | $-985M | $-334M | $-1.32B | $-680M | $-2.58B | $-2.50B | $-2.52B | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | · | $-1M | |
| Stock Repurchased | $0 | $0 | $43M | $59M | $60M | $64M | $64M | $62M | $60M | $64M | $64M | $62M | $93M | $136M | $132M | $127M | |
| Net Stock Activity | · | · | · | $-59M | · | · | · | $-62M | · | · | · | $-62M | · | · | · | $-127M | |
| Financing Cash Flow | $80M | $-423M | $762M | $-1.09B | $-110M | $1.29B | $1.37B | $1.13B | $412M | $748M | $514M | $1.40B | $228M | $3.32B | $3.35B | $2.35B | |
| Taxes Paid | $0 | $2M | $3M | $7M | $3M | $4M | $2M | $4M | $6M | $4M | $6M | $-9M | $164M | $-226M | $105M | $1M |
Profitability
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | · | 26.4% | 9.8% | -11.2% | · | 8.7% | 2.4% | -666.2% | · | 40.9% | -66.5% | -38.9% | · | -45.7% | 25.9% | 23.4% | |
| Pretax Margin | · | 32.2% | 10.7% | -14.8% | · | 9.3% | 0.98% | -829.7% | · | 50.4% | -90.1% | -50.9% | · | -58.6% | 31.9% | 29.4% | |
| ROA | · | 0.20% | 0.04% | -0.11% | · | 0.08% | 0.01% | -0.21% | · | 0.22% | -0.08% | -0.21% | · | -0.28% | 0.41% | 0.26% | |
| ROE | · | 8.1% | 1.7% | -5.7% | · | 3.7% | 0.75% | -9.9% | · | 9.7% | -2.3% | -5.4% | · | -6.2% | 7.5% | 4.6% |
Efficiency
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 |
Per Share
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $111.33 | $99.31 | $90.53 | · | $92.33 | $67.61 | $67.02 | · | $62.89 | $74.40 | $85.37 | · | $82.99 | $139.46 | $169.05 | |
| Revenue / Share | · | $31.58 | $15.09 | $41.02 | · | $33.11 | $22.92 | $1.17 | · | $17.80 | $3.94 | $18.92 | · | $20.72 | $50.65 | $35.37 | |
| Cash Flow / Share | · | · | · | $2.51 | · | · | · | $-8.41 | · | · | · | $-7.37 | · | · | · | $-2.10 | |
| Cash / Share | · | · | · | · | · | · | · | · | · | · | · | · | · | $68.41 | $69.40 | $54.10 | |
| EPS (TTM) | · | $14.14 | $8.72 | $7.82 | · | $-20.18 | $-15.76 | $-18.89 | · | $-0.95 | $-2.45 | $23.47 | · | $69.31 | $68.26 | $45.46 |
Valuation (TTM)
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $6.28B | $6.48B | $7.04B | · | $4.92B | $4.07B | $2.91B | · | $2.59B | $2.54B | $6.14B | · | $6.85B | $8.24B | $6.05B | |
| Net Income TTM | · | $967M | $664M | $613M | · | $-1.20B | $-897M | $-1.11B | · | $-59M | $-125M | $1.79B | · | $5.56B | $5.53B | $3.81B | |
| Market Cap | · | $696M | $760M | $803M | · | $1.10B | $990M | $1.06B | · | $955M | $943M | $1.08B | · | $1.18B | $1.23B | $1.58B | |
| P/E | · | 0.9 | 1.5 | 1.8 | · | -0.9 | -1.0 | -0.9 | · | -15.5 | -5.8 | 0.7 | · | 0.2 | 0.2 | 0.5 | |
| P/S | · | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.2 | 0.4 | · | 0.4 | 0.4 | 0.2 | · | 0.2 | 0.1 | 0.3 | |
| P/B | · | 0.1 | 0.1 | 0.2 | · | 0.2 | 0.2 | 0.3 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.1 | 0.1 | |
| P / Tangible Book | · | 0.1 | 0.1 | 0.2 | · | 0.2 | 0.2 | 0.3 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.1 | 0.1 | |
| P / Cash Flow | · | · | · | 5.5 | · | · | · | -2.0 | · | · | · | -2.2 | · | · | · | -9.7 | |
| Earnings Yield | · | 116.1% | 65.6% | 56.4% | · | -109.4% | -97.5% | -111.2% | · | -6.4% | -17.1% | 147.1% | · | 410.1% | 403.9% | 218.2% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $6.77B | $4.72B | $4.12B | $6.87B | $4.98B |
| Net Income | $433M | $388M | $-1.11B | $3.88B | $1.64B |
| Diluted EPS | $5.71 | $4.64 | $-18.39 | $51.30 | $18.39 |
Not enough fundamentals data to build this statement yet.
Not enough fundamentals data to build this statement yet.
Institutional owners (13F)
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 0 (0 vs prior Q) | 0 (0 vs prior Q) | 0 (-1 vs prior Q) | 1 (+1 vs prior Q) | -99 |
Compared to Q3 2025. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
ETF ownership Held by 1 ETF
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PFFA · ETFis Series Trust I | 0.53% | 1,286,497 NS | July 31, 2026 | N-PORT |
BHFAM Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
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