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Side-by-side financial comparison of Equitable Holdings, Inc. (EQH) and Ralph Lauren Corporation (RL). Click either name above to swap in a different company.

Equitable Holdings, Inc. is the larger business by last-quarter revenue ($3.3B vs $2.4B, roughly 1.4× Ralph Lauren Corporation). Ralph Lauren Corporation runs the higher net margin — 15.0% vs 6.6%, a 8.5% gap on every dollar of revenue. On growth, Ralph Lauren Corporation posted the faster year-over-year revenue change (12.2% vs -9.5%). Over the past eight quarters, Ralph Lauren Corporation's revenue compounded faster (23.9% CAGR vs 21.2%).

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

Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for founding the brand Ralph Lauren, a global multibillion-dollar enterprise. He stepped down as CEO of the company in September 2015 but remains executive chairman and chief creative officer. As of May 2025, his net worth is estimated at US$11.9 billion.

EQH vs RL — Head-to-Head

Bigger by revenue
EQH
EQH
1.4× larger
EQH
$3.3B
$2.4B
RL
Growing faster (revenue YoY)
RL
RL
+21.7% gap
RL
12.2%
-9.5%
EQH
Higher net margin
RL
RL
8.5% more per $
RL
15.0%
6.6%
EQH
Faster 2-yr revenue CAGR
RL
RL
Annualised
RL
23.9%
21.2%
EQH

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
EQH
EQH
RL
RL
Revenue
$3.3B
$2.4B
Net Profit
$215.0M
$361.6M
Gross Margin
69.9%
Operating Margin
10.5%
19.6%
Net Margin
6.6%
15.0%
Revenue YoY
-9.5%
12.2%
Net Profit YoY
-76.1%
21.6%
EPS (diluted)
$0.69
$5.82

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
RL
RL
Q4 25
$3.3B
$2.4B
Q3 25
$1.4B
$2.0B
Q2 25
$2.4B
$1.7B
Q1 25
$4.6B
$1.7B
Q4 24
$3.6B
$2.1B
Q3 24
$3.1B
$1.7B
Q2 24
$3.5B
$1.5B
Q1 24
$2.2B
$1.6B
Net Profit
EQH
EQH
RL
RL
Q4 25
$215.0M
$361.6M
Q3 25
$-1.3B
$207.5M
Q2 25
$-349.0M
$220.4M
Q1 25
$63.0M
$129.0M
Q4 24
$899.0M
$297.4M
Q3 24
$-134.0M
$147.9M
Q2 24
$428.0M
$168.6M
Q1 24
$114.0M
$90.7M
Gross Margin
EQH
EQH
RL
RL
Q4 25
69.9%
Q3 25
68.0%
Q2 25
72.3%
Q1 25
68.7%
Q4 24
68.4%
Q3 24
67.0%
Q2 24
70.5%
Q1 24
66.6%
Operating Margin
EQH
EQH
RL
RL
Q4 25
10.5%
19.6%
Q3 25
-93.0%
12.2%
Q2 25
-15.4%
15.9%
Q1 25
3.8%
9.1%
Q4 24
33.1%
18.2%
Q3 24
-0.5%
10.4%
Q2 24
19.4%
13.8%
Q1 24
11.1%
6.9%
Net Margin
EQH
EQH
RL
RL
Q4 25
6.6%
15.0%
Q3 25
-90.3%
10.3%
Q2 25
-14.8%
12.8%
Q1 25
1.4%
7.6%
Q4 24
24.8%
13.9%
Q3 24
-4.4%
8.6%
Q2 24
12.2%
11.1%
Q1 24
5.1%
5.8%
EPS (diluted)
EQH
EQH
RL
RL
Q4 25
$0.69
$5.82
Q3 25
$-4.47
$3.32
Q2 25
$-1.21
$3.52
Q1 25
$0.16
$2.03
Q4 24
$2.72
$4.66
Q3 24
$-0.47
$2.31
Q2 24
$1.23
$2.61
Q1 24
$0.30
$1.37

Balance Sheet & Financial Strength

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

Metric
EQH
EQH
RL
RL
Cash + ST InvestmentsLiquidity on hand
$12.5B
$2.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$-74.0M
$2.9B
Total Assets
$318.0B
$7.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQH
EQH
RL
RL
Q4 25
$12.5B
$2.3B
Q3 25
$13.6B
$1.6B
Q2 25
$15.0B
$2.3B
Q1 25
$8.2B
$2.1B
Q4 24
$7.0B
$2.1B
Q3 24
$9.6B
$1.7B
Q2 24
$9.7B
$1.8B
Q1 24
$10.4B
$1.8B
Stockholders' Equity
EQH
EQH
RL
RL
Q4 25
$-74.0M
$2.9B
Q3 25
$148.0M
$2.6B
Q2 25
$1.1B
$2.5B
Q1 25
$2.4B
$2.6B
Q4 24
$1.6B
$2.5B
Q3 24
$3.2B
$2.4B
Q2 24
$1.6B
$2.4B
Q1 24
$2.0B
$2.5B
Total Assets
EQH
EQH
RL
RL
Q4 25
$318.0B
$7.8B
Q3 25
$314.4B
$7.3B
Q2 25
$303.1B
$7.8B
Q1 25
$287.4B
$7.0B
Q4 24
$295.9B
$7.1B
Q3 24
$299.0B
$6.8B
Q2 24
$287.8B
$6.6B
Q1 24
$285.6B
$6.6B

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
RL
RL
Operating Cash FlowLast quarter
$-154.0M
$779.6M
Free Cash FlowOCF − Capex
$704.0M
FCF MarginFCF / Revenue
29.3%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
-0.72×
2.16×
TTM Free Cash FlowTrailing 4 quarters
$694.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQH
EQH
RL
RL
Q4 25
$-154.0M
$779.6M
Q3 25
$369.0M
$53.2M
Q2 25
$341.0M
$176.1M
Q1 25
$158.0M
$122.2M
Q4 24
$400.0M
$738.4M
Q3 24
$683.0M
$97.2M
Q2 24
$892.0M
$277.3M
Q1 24
$31.0M
Free Cash Flow
EQH
EQH
RL
RL
Q4 25
$704.0M
Q3 25
$-40.6M
Q2 25
$-11.2M
Q1 25
$42.3M
Q4 24
$677.2M
Q3 24
$55.5M
Q2 24
$243.9M
Q1 24
FCF Margin
EQH
EQH
RL
RL
Q4 25
29.3%
Q3 25
-2.0%
Q2 25
-0.7%
Q1 25
2.5%
Q4 24
31.6%
Q3 24
3.2%
Q2 24
16.1%
Q1 24
Capex Intensity
EQH
EQH
RL
RL
Q4 25
3.1%
Q3 25
4.7%
Q2 25
10.9%
Q1 25
4.7%
Q4 24
2.9%
Q3 24
2.4%
Q2 24
2.2%
Q1 24
Cash Conversion
EQH
EQH
RL
RL
Q4 25
-0.72×
2.16×
Q3 25
0.26×
Q2 25
0.80×
Q1 25
2.51×
0.95×
Q4 24
0.44×
2.48×
Q3 24
0.66×
Q2 24
2.08×
1.64×
Q1 24
0.27×

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%

RL
RL

Segment breakdown not available.

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