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Side-by-side financial comparison of Equitable Holdings, Inc. (EQH) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Equitable Holdings, Inc. is the larger business by last-quarter revenue ($3.3B vs $3.1B, roughly 1.0× Molson Coors Beverage Company). Molson Coors Beverage Company runs the higher net margin — 7.6% vs 6.6%, a 1.1% gap on every dollar of revenue. On growth, Molson Coors Beverage Company 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 1.2%).

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

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

EQH vs TAP — Head-to-Head

Bigger by revenue
EQH
EQH
1.0× larger
EQH
$3.3B
$3.1B
TAP
Growing faster (revenue YoY)
TAP
TAP
+5.9% gap
TAP
-3.6%
-9.5%
EQH
Higher net margin
TAP
TAP
1.1% more per $
TAP
7.6%
6.6%
EQH
Faster 2-yr revenue CAGR
EQH
EQH
Annualised
EQH
21.2%
1.2%
TAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EQH
EQH
TAP
TAP
Revenue
$3.3B
$3.1B
Net Profit
$215.0M
$238.3M
Gross Margin
31.0%
Operating Margin
10.5%
10.4%
Net Margin
6.6%
7.6%
Revenue YoY
-9.5%
-3.6%
Net Profit YoY
-76.1%
-17.2%
EPS (diluted)
$0.69
$1.32

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
TAP
TAP
Q4 25
$3.3B
$3.1B
Q3 25
$1.4B
$3.5B
Q2 25
$2.4B
$3.7B
Q1 25
$4.6B
$2.7B
Q4 24
$3.6B
$3.2B
Q3 24
$3.1B
$3.6B
Q2 24
$3.5B
$3.8B
Q1 24
$2.2B
$3.0B
Net Profit
EQH
EQH
TAP
TAP
Q4 25
$215.0M
$238.3M
Q3 25
$-1.3B
$-2.9B
Q2 25
$-349.0M
$428.7M
Q1 25
$63.0M
$121.0M
Q4 24
$899.0M
$287.8M
Q3 24
$-134.0M
$199.8M
Q2 24
$428.0M
$427.0M
Q1 24
$114.0M
$207.8M
Gross Margin
EQH
EQH
TAP
TAP
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Q1 24
31.6%
Operating Margin
EQH
EQH
TAP
TAP
Q4 25
10.5%
10.4%
Q3 25
-93.0%
-98.5%
Q2 25
-15.4%
15.6%
Q1 25
3.8%
6.9%
Q4 24
33.1%
12.0%
Q3 24
-0.5%
12.5%
Q2 24
19.4%
15.6%
Q1 24
11.1%
10.3%
Net Margin
EQH
EQH
TAP
TAP
Q4 25
6.6%
7.6%
Q3 25
-90.3%
-84.0%
Q2 25
-14.8%
11.5%
Q1 25
1.4%
4.5%
Q4 24
24.8%
8.9%
Q3 24
-4.4%
5.5%
Q2 24
12.2%
11.1%
Q1 24
5.1%
6.8%
EPS (diluted)
EQH
EQH
TAP
TAP
Q4 25
$0.69
$1.32
Q3 25
$-4.47
$-14.79
Q2 25
$-1.21
$2.13
Q1 25
$0.16
$0.59
Q4 24
$2.72
$1.39
Q3 24
$-0.47
$0.96
Q2 24
$1.23
$2.03
Q1 24
$0.30
$0.97

Balance Sheet & Financial Strength

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

Metric
EQH
EQH
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$12.5B
$896.5M
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$-74.0M
$10.2B
Total Assets
$318.0B
$22.7B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQH
EQH
TAP
TAP
Q4 25
$12.5B
$896.5M
Q3 25
$13.6B
$950.2M
Q2 25
$15.0B
$613.8M
Q1 25
$8.2B
$412.7M
Q4 24
$7.0B
$969.3M
Q3 24
$9.6B
$1.0B
Q2 24
$9.7B
$1.6B
Q1 24
$10.4B
$458.4M
Total Debt
EQH
EQH
TAP
TAP
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Q1 24
$6.2B
Stockholders' Equity
EQH
EQH
TAP
TAP
Q4 25
$-74.0M
$10.2B
Q3 25
$148.0M
$10.3B
Q2 25
$1.1B
$13.4B
Q1 25
$2.4B
$13.1B
Q4 24
$1.6B
$13.1B
Q3 24
$3.2B
$13.3B
Q2 24
$1.6B
$13.2B
Q1 24
$2.0B
$13.1B
Total Assets
EQH
EQH
TAP
TAP
Q4 25
$318.0B
$22.7B
Q3 25
$314.4B
$22.9B
Q2 25
$303.1B
$26.8B
Q1 25
$287.4B
$25.9B
Q4 24
$295.9B
$26.1B
Q3 24
$299.0B
$26.6B
Q2 24
$287.8B
$27.4B
Q1 24
$285.6B
$26.1B
Debt / Equity
EQH
EQH
TAP
TAP
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×
Q1 24
0.47×

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
TAP
TAP
Operating Cash FlowLast quarter
$-154.0M
$540.7M
Free Cash FlowOCF − Capex
$357.8M
FCF MarginFCF / Revenue
11.4%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
-0.72×
2.27×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQH
EQH
TAP
TAP
Q4 25
$-154.0M
$540.7M
Q3 25
$369.0M
$616.1M
Q2 25
$341.0M
$718.3M
Q1 25
$158.0M
$-90.7M
Q4 24
$400.0M
$494.5M
Q3 24
$683.0M
$521.2M
Q2 24
$892.0M
$869.2M
Q1 24
$31.0M
$25.4M
Free Cash Flow
EQH
EQH
TAP
TAP
Q4 25
$357.8M
Q3 25
$483.0M
Q2 25
$555.0M
Q1 25
$-328.0M
Q4 24
$383.4M
Q3 24
$350.4M
Q2 24
$691.7M
Q1 24
$-189.3M
FCF Margin
EQH
EQH
TAP
TAP
Q4 25
11.4%
Q3 25
13.9%
Q2 25
14.8%
Q1 25
-12.2%
Q4 24
11.8%
Q3 24
9.7%
Q2 24
18.0%
Q1 24
-6.2%
Capex Intensity
EQH
EQH
TAP
TAP
Q4 25
5.9%
Q3 25
3.8%
Q2 25
4.4%
Q1 25
8.8%
Q4 24
3.4%
Q3 24
4.7%
Q2 24
4.6%
Q1 24
7.0%
Cash Conversion
EQH
EQH
TAP
TAP
Q4 25
-0.72×
2.27×
Q3 25
Q2 25
1.68×
Q1 25
2.51×
-0.75×
Q4 24
0.44×
1.72×
Q3 24
2.61×
Q2 24
2.08×
2.04×
Q1 24
0.27×
0.12×

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%

TAP
TAP

Segment breakdown not available.

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