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Side-by-side financial comparison of Equitable Holdings, Inc. (EQH) and Jacobs Solutions (J). Click either name above to swap in a different company.

Jacobs Solutions is the larger business by last-quarter revenue ($3.3B vs $3.3B, roughly 1.0× Equitable Holdings, Inc.). Equitable Holdings, Inc. runs the higher net margin — 6.6% vs 3.8%, a 2.7% gap on every dollar of revenue. On growth, Jacobs Solutions posted the faster year-over-year revenue change (12.3% vs -9.5%). Over the past eight quarters, Equitable Holdings, Inc.'s revenue compounded faster (21.2% CAGR vs -12.2%).

Equitable Holdings, Inc. is an American financial services and insurance company that was founded in 1859 by Henry Baldwin Hyde.

Jacobs Solutions Inc. is an American international technical professional services firm based in Dallas. The company provides engineering, technical, professional, and construction services as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies. Jacobs has consistently ranked No.

EQH vs J — Head-to-Head

Bigger by revenue
J
J
1.0× larger
J
$3.3B
$3.3B
EQH
Growing faster (revenue YoY)
J
J
+21.8% gap
J
12.3%
-9.5%
EQH
Higher net margin
EQH
EQH
2.7% more per $
EQH
6.6%
3.8%
J
Faster 2-yr revenue CAGR
EQH
EQH
Annualised
EQH
21.2%
-12.2%
J

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EQH
EQH
J
J
Revenue
$3.3B
$3.3B
Net Profit
$215.0M
$125.5M
Gross Margin
23.2%
Operating Margin
10.5%
7.1%
Net Margin
6.6%
3.8%
Revenue YoY
-9.5%
12.3%
Net Profit YoY
-76.1%
792.3%
EPS (diluted)
$0.69
$1.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EQH
EQH
J
J
Q4 25
$3.3B
$3.3B
Q3 25
$1.4B
$3.2B
Q2 25
$2.4B
$3.0B
Q1 25
$4.6B
$2.9B
Q4 24
$3.6B
$2.9B
Q3 24
$3.1B
$-1.2B
Q2 24
$3.5B
$4.2B
Q1 24
$2.2B
$4.3B
Net Profit
EQH
EQH
J
J
Q4 25
$215.0M
$125.5M
Q3 25
$-1.3B
$122.2M
Q2 25
$-349.0M
$179.6M
Q1 25
$63.0M
$5.6M
Q4 24
$899.0M
$-18.1M
Q3 24
$-134.0M
$325.4M
Q2 24
$428.0M
$146.9M
Q1 24
$114.0M
$162.1M
Gross Margin
EQH
EQH
J
J
Q4 25
23.2%
Q3 25
24.3%
Q2 25
25.0%
Q1 25
25.4%
Q4 24
24.6%
Q3 24
Q2 24
21.7%
Q1 24
21.2%
Operating Margin
EQH
EQH
J
J
Q4 25
10.5%
7.1%
Q3 25
-93.0%
6.7%
Q2 25
-15.4%
7.8%
Q1 25
3.8%
7.2%
Q4 24
33.1%
7.1%
Q3 24
-0.5%
Q2 24
19.4%
6.2%
Q1 24
11.1%
6.6%
Net Margin
EQH
EQH
J
J
Q4 25
6.6%
3.8%
Q3 25
-90.3%
3.9%
Q2 25
-14.8%
5.9%
Q1 25
1.4%
0.2%
Q4 24
24.8%
-0.6%
Q3 24
-4.4%
-28.1%
Q2 24
12.2%
3.5%
Q1 24
5.1%
3.8%
EPS (diluted)
EQH
EQH
J
J
Q4 25
$0.69
$1.12
Q3 25
$-4.47
$0.88
Q2 25
$-1.21
$1.55
Q1 25
$0.16
$0.06
Q4 24
$2.72
$-0.11
Q3 24
$-0.47
$2.50
Q2 24
$1.23
$1.17
Q1 24
$0.30
$1.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EQH
EQH
J
J
Cash + ST InvestmentsLiquidity on hand
$12.5B
$1.6B
Total DebtLower is stronger
Stockholders' EquityBook value
$-74.0M
$3.4B
Total Assets
$318.0B
$11.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQH
EQH
J
J
Q4 25
$12.5B
$1.6B
Q3 25
$13.6B
$1.2B
Q2 25
$15.0B
$1.3B
Q1 25
$8.2B
$1.2B
Q4 24
$7.0B
$1.3B
Q3 24
$9.6B
$1.1B
Q2 24
$9.7B
$1.2B
Q1 24
$10.4B
$1.0B
Stockholders' Equity
EQH
EQH
J
J
Q4 25
$-74.0M
$3.4B
Q3 25
$148.0M
$3.6B
Q2 25
$1.1B
$3.8B
Q1 25
$2.4B
$3.9B
Q4 24
$1.6B
$4.2B
Q3 24
$3.2B
$4.5B
Q2 24
$1.6B
$6.6B
Q1 24
$2.0B
$6.6B
Total Assets
EQH
EQH
J
J
Q4 25
$318.0B
$11.6B
Q3 25
$314.4B
$11.3B
Q2 25
$303.1B
$11.4B
Q1 25
$287.4B
$11.2B
Q4 24
$295.9B
$11.6B
Q3 24
$299.0B
$11.8B
Q2 24
$287.8B
$15.0B
Q1 24
$285.6B
$14.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EQH
EQH
J
J
Operating Cash FlowLast quarter
$-154.0M
$380.8M
Free Cash FlowOCF − Capex
$364.9M
FCF MarginFCF / Revenue
11.1%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
-0.72×
3.03×
TTM Free Cash FlowTrailing 4 quarters
$875.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQH
EQH
J
J
Q4 25
$-154.0M
$380.8M
Q3 25
$369.0M
$383.1M
Q2 25
$341.0M
$292.6M
Q1 25
$158.0M
$-96.4M
Q4 24
$400.0M
$107.5M
Q3 24
$683.0M
$196.5M
Q2 24
$892.0M
$482.6M
Q1 24
$31.0M
$-42.8M
Free Cash Flow
EQH
EQH
J
J
Q4 25
$364.9M
Q3 25
$353.5M
Q2 25
$270.5M
Q1 25
$-113.7M
Q4 24
$97.1M
Q3 24
$158.2M
Q2 24
$444.9M
Q1 24
$-70.6M
FCF Margin
EQH
EQH
J
J
Q4 25
11.1%
Q3 25
11.2%
Q2 25
8.9%
Q1 25
-3.9%
Q4 24
3.3%
Q3 24
-13.6%
Q2 24
10.5%
Q1 24
-1.7%
Capex Intensity
EQH
EQH
J
J
Q4 25
0.5%
Q3 25
0.9%
Q2 25
0.7%
Q1 25
0.6%
Q4 24
0.4%
Q3 24
-3.3%
Q2 24
0.9%
Q1 24
0.7%
Cash Conversion
EQH
EQH
J
J
Q4 25
-0.72×
3.03×
Q3 25
3.13×
Q2 25
1.63×
Q1 25
2.51×
-17.18×
Q4 24
0.44×
Q3 24
0.60×
Q2 24
2.08×
3.28×
Q1 24
0.27×
-0.26×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EQH
EQH

Other$1.5B46%
Asset Management$1.2B37%
Wealth Management$545.0M17%

J
J

Infrastructure Advanced Facilities$2.9B89%
PA Consulting$354.4M11%

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