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Side-by-side financial comparison of Equitable Holdings, Inc. (EQH) and Neptune Insurance Holdings Inc. (NP). Click either name above to swap in a different company.
Equitable Holdings, Inc. is the larger business by last-quarter revenue ($3.3B vs $37.8M, roughly 86.7× Neptune Insurance Holdings Inc.). Equitable Holdings, Inc. runs the higher net margin — 6.6% vs 0.1%, a 6.4% gap on every dollar of revenue. On growth, Neptune Insurance Holdings Inc. posted the faster year-over-year revenue change (28.8% vs -9.5%).
Equitable Holdings, Inc. is an American financial services and insurance company that was founded in 1859 by Henry Baldwin Hyde.
Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.
EQH vs NP — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $37.8M |
| Net Profit | $215.0M | $50.0K |
| Gross Margin | — | — |
| Operating Margin | 10.5% | — |
| Net Margin | 6.6% | 0.1% |
| Revenue YoY | -9.5% | 28.8% |
| Net Profit YoY | -76.1% | 0.0% |
| EPS (diluted) | $0.69 | $0.05 |
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.
| Q1 26 | — | $37.8M | ||
| Q4 25 | $3.3B | — | ||
| Q3 25 | $1.4B | $44.4M | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.1B | $33.8M | ||
| Q2 24 | $3.5B | — |
| Q1 26 | — | $50.0K | ||
| Q4 25 | $215.0M | — | ||
| Q3 25 | $-1.3B | $11.5M | ||
| Q2 25 | $-349.0M | — | ||
| Q1 25 | $63.0M | — | ||
| Q4 24 | $899.0M | — | ||
| Q3 24 | $-134.0M | $12.1M | ||
| Q2 24 | $428.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.5% | — | ||
| Q3 25 | -93.0% | 46.7% | ||
| Q2 25 | -15.4% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 33.1% | — | ||
| Q3 24 | -0.5% | 58.6% | ||
| Q2 24 | 19.4% | — |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | -90.3% | 25.9% | ||
| Q2 25 | -14.8% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 24.8% | — | ||
| Q3 24 | -4.4% | 35.8% | ||
| Q2 24 | 12.2% | — |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $0.69 | — | ||
| Q3 25 | $-4.47 | $0.06 | ||
| Q2 25 | $-1.21 | — | ||
| Q1 25 | $0.16 | — | ||
| Q4 24 | $2.72 | — | ||
| Q3 24 | $-0.47 | $0.06 | ||
| Q2 24 | $1.23 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $12.5B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-74.0M | — |
| Total Assets | $318.0B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $12.5B | — | ||
| Q3 25 | $13.6B | $12.2M | ||
| Q2 25 | $15.0B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $7.0B | — | ||
| Q3 24 | $9.6B | — | ||
| Q2 24 | $9.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $247.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $-74.0M | — | ||
| Q3 25 | $148.0M | $-509.5M | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $3.2B | $-374.3M | ||
| Q2 24 | $1.6B | — |
| Q1 26 | — | — | ||
| Q4 25 | $318.0B | — | ||
| Q3 25 | $314.4B | $89.6M | ||
| Q2 25 | $303.1B | — | ||
| Q1 25 | $287.4B | — | ||
| Q4 24 | $295.9B | — | ||
| Q3 24 | $299.0B | — | ||
| Q2 24 | $287.8B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-154.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -0.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-154.0M | — | ||
| Q3 25 | $369.0M | — | ||
| Q2 25 | $341.0M | — | ||
| Q1 25 | $158.0M | — | ||
| Q4 24 | $400.0M | — | ||
| Q3 24 | $683.0M | — | ||
| Q2 24 | $892.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.72× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.08× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EQH
| Other | $1.5B | 46% |
| Asset Management | $1.2B | 37% |
| Wealth Management | $545.0M | 17% |
NP
Segment breakdown not available.
