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Side-by-side financial comparison of Brighthouse Financial, Inc. (BHF) and eHealth, Inc. (EHTH), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Brighthouse Financial, Inc. is the larger business by last-quarter revenue ($1.7B vs $326.2M, roughly 5.2× eHealth, Inc.). eHealth, Inc. runs the higher net margin — 8.1% vs 26.7%, a 18.6% gap on every dollar of revenue. On growth, Brighthouse Financial, Inc. posted the faster year-over-year revenue change (40.2% vs 3.5%). Over the past eight quarters, Brighthouse Financial, Inc.'s revenue compounded faster (377.7% CAGR vs 87.3%).
ブライトハウス・フィナンシャルは米国ノースカロライナ州シャーロットに本社を置く保険会社で、年金と生命保険を販売している。2018年3月時点で米国最大級の年金・生命保険プロバイダーの1つであり、総資産は2190億米ドル、有効な保険証券と年金契約は約260万件に上る。
eHealth, Inc.はeHealthInsuranceとして事業を展開する上場企業で、健康保険を扱うオンラインマーケットプレイスです。デラウェア州で法人登記し、本社はカリフォルニア州サンタクララに置かれています。メディケア関連の処方薬プラン、メディギャップ、メディケアアドバンテージプランを主力に個人向け健康保険も販売しており、米国全50州とワシトンD.C.で事業を展開しています。
BHF vs EHTH — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $326.2M |
| Net Profit | $137.0M | $87.2M |
| Gross Margin | — | 55.3% |
| Operating Margin | 8.9% | 38.7% |
| Net Margin | 8.1% | 26.7% |
| Revenue YoY | 40.2% | 3.5% |
| Net Profit YoY | -79.6% | -10.6% |
| EPS (diluted) | $1.84 | $2.43 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $1.7B | $326.2M | ||
| Q3 25 | $1.8B | $53.9M | ||
| Q2 25 | $871.0M | $60.8M | ||
| Q1 25 | $2.4B | $113.1M | ||
| Q4 24 | $1.2B | $315.2M | ||
| Q3 24 | $2.0B | $58.4M | ||
| Q2 24 | $1.4B | $65.9M | ||
| Q1 24 | $74.0M | $93.0M |
| Q4 25 | $137.0M | $87.2M | ||
| Q3 25 | $479.0M | $-31.7M | ||
| Q2 25 | $85.0M | $-17.4M | ||
| Q1 25 | $-268.0M | $1.9M | ||
| Q4 24 | $671.0M | $97.5M | ||
| Q3 24 | $176.0M | $-42.5M | ||
| Q2 24 | $34.0M | $-28.0M | ||
| Q1 24 | $-493.0M | $-17.0M |
| Q4 25 | — | 55.3% | ||
| Q3 25 | — | -0.3% | ||
| Q2 25 | — | 31.1% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 52.0% | ||
| Q3 24 | — | -6.5% | ||
| Q2 24 | — | 28.7% | ||
| Q1 24 | — | 31.7% |
| Q4 25 | 8.9% | 38.7% | ||
| Q3 25 | 32.2% | -77.1% | ||
| Q2 25 | 10.7% | -37.9% | ||
| Q1 25 | -14.8% | 4.2% | ||
| Q4 24 | 69.2% | 35.7% | ||
| Q3 24 | 9.3% | -74.0% | ||
| Q2 24 | 1.0% | -42.5% | ||
| Q1 24 | -829.7% | -19.3% |
| Q4 25 | 8.1% | 26.7% | ||
| Q3 25 | 26.4% | -58.8% | ||
| Q2 25 | 9.8% | -28.6% | ||
| Q1 25 | -11.2% | 1.7% | ||
| Q4 24 | 55.7% | 30.9% | ||
| Q3 24 | 8.7% | -72.7% | ||
| Q2 24 | 2.4% | -42.5% | ||
| Q1 24 | -666.2% | -18.3% |
| Q4 25 | $1.84 | $2.43 | ||
| Q3 25 | $7.89 | $-1.46 | ||
| Q2 25 | $1.02 | $-0.98 | ||
| Q1 25 | $-5.04 | $-0.33 | ||
| Q4 24 | $10.27 | $2.93 | ||
| Q3 24 | $2.47 | $-1.83 | ||
| Q2 24 | $0.12 | $-1.33 | ||
| Q1 24 | $-8.22 | $-0.96 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $73.7M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $6.8B | $591.6M |
| Total Assets | $241.8B | $1.3B |
| Debt / EquityLower = less leverage | 0.47× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $73.7M | ||
| Q3 25 | — | $63.1M | ||
| Q2 25 | — | $65.9M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | $1.9B | $39.2M | ||
| Q3 24 | $1.8B | $64.0M | ||
| Q2 24 | $1.4B | $126.3M | ||
| Q1 24 | $1.3B | $175.0M |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.2B | — |
| Q4 25 | $6.8B | $591.6M | ||
| Q3 25 | $6.4B | $514.2M | ||
| Q2 25 | $5.7B | $554.9M | ||
| Q1 25 | $5.2B | $581.6M | ||
| Q4 24 | $5.0B | $588.4M | ||
| Q3 24 | $5.5B | $499.3M | ||
| Q2 24 | $4.1B | $548.9M | ||
| Q1 24 | $4.2B | $582.8M |
| Q4 25 | $241.8B | $1.3B | ||
| Q3 25 | $244.7B | $1.0B | ||
| Q2 25 | $242.6B | $1.1B | ||
| Q1 25 | $234.7B | $1.1B | ||
| Q4 24 | $238.5B | $1.2B | ||
| Q3 24 | $245.2B | $1.0B | ||
| Q2 24 | $237.4B | $1.0B | ||
| Q1 24 | $239.7B | $1.1B |
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.75× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.0M | $-35.9M |
| Free Cash FlowOCF − Capex | — | $-36.1M |
| FCF MarginFCF / Revenue | — | -11.1% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 0.0% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | -0.02× | -0.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.6M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $-3.0M | $-35.9M | ||
| Q3 25 | $117.0M | $-25.3M | ||
| Q2 25 | $-1.0M | $-41.2M | ||
| Q1 25 | $146.0M | $77.1M | ||
| Q4 24 | $-118.0M | $-27.7M | ||
| Q3 24 | $24.0M | $-29.3M | ||
| Q2 24 | $334.0M | $-32.2M | ||
| Q1 24 | $-530.0M | $70.8M |
| Q4 25 | — | $-36.1M | ||
| Q3 25 | — | $-25.5M | ||
| Q2 25 | — | $-42.8M | ||
| Q1 25 | — | $76.8M | ||
| Q4 24 | — | $-28.3M | ||
| Q3 24 | — | $-30.3M | ||
| Q2 24 | — | $-32.4M | ||
| Q1 24 | — | $70.6M |
| Q4 25 | — | -11.1% | ||
| Q3 25 | — | -47.4% | ||
| Q2 25 | — | -70.4% | ||
| Q1 25 | — | 67.9% | ||
| Q4 24 | — | -9.0% | ||
| Q3 24 | — | -51.8% | ||
| Q2 24 | — | -49.3% | ||
| Q1 24 | — | 75.9% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | -0.02× | -0.41× | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | -0.01× | — | ||
| Q1 25 | — | 39.55× | ||
| Q4 24 | -0.18× | -0.28× | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 9.82× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
BHF
| Annuities | $926.0M | 55% |
| Runoff | $319.0M | 19% |
| Life | $298.0M | 18% |
| Other | $78.0M | 5% |
| Distribution Service | $66.0M | 4% |
| Accident And Health Insurance Segment | $2.0M | 0% |
EHTH
| Medicare | $282.7M | 87% |
| Other | $29.2M | 9% |
| Ancillaries | $7.9M | 2% |
| Commission Members Approved In Prior Periods | $3.8M | 1% |
| Small Business | $3.1M | 1% |
| Commission Revenue From Renewals | $2.4M | 1% |
