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

KOHLS Corp is the larger business by last-quarter revenue ($3.6B vs $3.3B, roughly 1.1× Equitable Holdings, Inc.). Equitable Holdings, Inc. runs the higher net margin — 6.6% vs 0.2%, a 6.3% gap on every dollar of revenue. On growth, KOHLS Corp posted the faster year-over-year revenue change (-3.6% vs -9.5%). Over the past eight quarters, Equitable Holdings, Inc.'s revenue compounded faster (21.2% CAGR vs -22.5%).

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

Kohl's Corporation is an American department store retail chain. It currently has 1,174 locations, operating stores in every U.S. state except Hawaii. The company was founded by Polish immigrant Maxwell Kohl, who opened a corner grocery store in Milwaukee, Wisconsin, in 1927. It went on to become a successful chain in the local area, and in 1962 the company branched out by opening its first department store. British American Tobacco Company took a controlling interest in the company in 1972 w...

EQH vs KSS — Head-to-Head

Bigger by revenue
KSS
KSS
1.1× larger
KSS
$3.6B
$3.3B
EQH
Growing faster (revenue YoY)
KSS
KSS
+5.9% gap
KSS
-3.6%
-9.5%
EQH
Higher net margin
EQH
EQH
6.3% more per $
EQH
6.6%
0.2%
KSS
Faster 2-yr revenue CAGR
EQH
EQH
Annualised
EQH
21.2%
-22.5%
KSS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
EQH
EQH
KSS
KSS
Revenue
$3.3B
$3.6B
Net Profit
$215.0M
$8.0M
Gross Margin
42.4%
Operating Margin
10.5%
2.0%
Net Margin
6.6%
0.2%
Revenue YoY
-9.5%
-3.6%
Net Profit YoY
-76.1%
-63.6%
EPS (diluted)
$0.69
$0.07

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
KSS
KSS
Q4 25
$3.3B
$3.6B
Q3 25
$1.4B
$3.5B
Q2 25
$2.4B
$3.2B
Q1 25
$4.6B
$5.4B
Q4 24
$3.6B
$3.7B
Q3 24
$3.1B
$3.7B
Q2 24
$3.5B
$3.4B
Q1 24
$2.2B
$6.0B
Net Profit
EQH
EQH
KSS
KSS
Q4 25
$215.0M
$8.0M
Q3 25
$-1.3B
$153.0M
Q2 25
$-349.0M
$-15.0M
Q1 25
$63.0M
$48.0M
Q4 24
$899.0M
$22.0M
Q3 24
$-134.0M
$66.0M
Q2 24
$428.0M
$-27.0M
Q1 24
$114.0M
$186.0M
Gross Margin
EQH
EQH
KSS
KSS
Q4 25
42.4%
Q3 25
43.3%
Q2 25
43.3%
Q1 25
35.6%
Q4 24
42.4%
Q3 24
43.0%
Q2 24
43.1%
Q1 24
35.2%
Operating Margin
EQH
EQH
KSS
KSS
Q4 25
10.5%
2.0%
Q3 25
-93.0%
7.9%
Q2 25
-15.4%
1.9%
Q1 25
3.8%
2.3%
Q4 24
33.1%
2.6%
Q3 24
-0.5%
4.4%
Q2 24
19.4%
1.3%
Q1 24
11.1%
5.0%
Net Margin
EQH
EQH
KSS
KSS
Q4 25
6.6%
0.2%
Q3 25
-90.3%
4.3%
Q2 25
-14.8%
-0.5%
Q1 25
1.4%
0.9%
Q4 24
24.8%
0.6%
Q3 24
-4.4%
1.8%
Q2 24
12.2%
-0.8%
Q1 24
5.1%
3.1%
EPS (diluted)
EQH
EQH
KSS
KSS
Q4 25
$0.69
$0.07
Q3 25
$-4.47
$1.35
Q2 25
$-1.21
$-0.13
Q1 25
$0.16
$0.43
Q4 24
$2.72
$0.20
Q3 24
$-0.47
$0.59
Q2 24
$1.23
$-0.24
Q1 24
$0.30
$1.67

Balance Sheet & Financial Strength

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

Metric
EQH
EQH
KSS
KSS
Cash + ST InvestmentsLiquidity on hand
$12.5B
$144.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-74.0M
$3.9B
Total Assets
$318.0B
$14.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQH
EQH
KSS
KSS
Q4 25
$12.5B
$144.0M
Q3 25
$13.6B
$174.0M
Q2 25
$15.0B
$153.0M
Q1 25
$8.2B
$134.0M
Q4 24
$7.0B
$174.0M
Q3 24
$9.6B
$231.0M
Q2 24
$9.7B
$228.0M
Q1 24
$10.4B
$183.0M
Stockholders' Equity
EQH
EQH
KSS
KSS
Q4 25
$-74.0M
$3.9B
Q3 25
$148.0M
$3.9B
Q2 25
$1.1B
$3.8B
Q1 25
$2.4B
$3.8B
Q4 24
$1.6B
$3.8B
Q3 24
$3.2B
$3.8B
Q2 24
$1.6B
$3.8B
Q1 24
$2.0B
$3.9B
Total Assets
EQH
EQH
KSS
KSS
Q4 25
$318.0B
$14.1B
Q3 25
$314.4B
$13.4B
Q2 25
$303.1B
$13.6B
Q1 25
$287.4B
$13.6B
Q4 24
$295.9B
$15.1B
Q3 24
$299.0B
$14.2B
Q2 24
$287.8B
$14.3B
Q1 24
$285.6B
$14.0B

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
KSS
KSS
Operating Cash FlowLast quarter
$-154.0M
$124.0M
Free Cash FlowOCF − Capex
$16.0M
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
-0.72×
15.50×
TTM Free Cash FlowTrailing 4 quarters
$819.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQH
EQH
KSS
KSS
Q4 25
$-154.0M
$124.0M
Q3 25
$369.0M
$598.0M
Q2 25
$341.0M
$-92.0M
Q1 25
$158.0M
$596.0M
Q4 24
$400.0M
$-195.0M
Q3 24
$683.0M
$254.0M
Q2 24
$892.0M
$-7.0M
Q1 24
$31.0M
$789.0M
Free Cash Flow
EQH
EQH
KSS
KSS
Q4 25
$16.0M
Q3 25
$508.0M
Q2 25
$-202.0M
Q1 25
$497.0M
Q4 24
$-323.0M
Q3 24
$141.0M
Q2 24
$-133.0M
Q1 24
$707.0M
FCF Margin
EQH
EQH
KSS
KSS
Q4 25
0.4%
Q3 25
14.3%
Q2 25
-6.2%
Q1 25
9.2%
Q4 24
-8.7%
Q3 24
3.8%
Q2 24
-3.9%
Q1 24
11.9%
Capex Intensity
EQH
EQH
KSS
KSS
Q4 25
3.0%
Q3 25
2.5%
Q2 25
3.4%
Q1 25
1.8%
Q4 24
3.5%
Q3 24
3.0%
Q2 24
3.7%
Q1 24
1.4%
Cash Conversion
EQH
EQH
KSS
KSS
Q4 25
-0.72×
15.50×
Q3 25
3.91×
Q2 25
Q1 25
2.51×
12.42×
Q4 24
0.44×
-8.86×
Q3 24
3.85×
Q2 24
2.08×
Q1 24
0.27×
4.24×

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%

KSS
KSS

Products$3.4B95%
Other$168.0M5%
Gift Card$17.0M0%

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