Brighthouse Financial (BHF) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Brighthouse Financial

NasdaqGS•Financial Services•Insurance - Life

$48.79-0.21(<0.01%)Pre-market

Market Cap

$2.81B

P/E

3.4x

P/S

0.4x

P/B

0.4x

Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. The company operates through Annuities, Life, and Run-off segments. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security. The Life segment provides term, universal, whole, and variable life products for policyholders' needs for financial security and protected wealth transfer. The Run-off segment manages universal life with secondary guarantees, structured settlements, pension risk transfer contracts, various company-owned life insurance policies, and funding agreements. Brighthouse Financial, Inc. was founded in 1863 and is headquartered in Charlotte, North Carolina.

How this company scores

GoodMetricSide Score: 62/100

Strongest: Balance Sheet & Red Flags (21/25); weakest: Cash & Earnings Quality (3/25).

Profitability20/25

Growth18/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality3/25

Strengths

Strong marginsRising earningsLow leverageProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 3.4x5y range 1.6x – 596.0x

Currently near its 10-quarter median.

P/S · 0.4x5y range 0.3x – 0.9x

Currently near its 20-quarter median.

P/B · 0.4x5y range 0.2x – 0.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

5 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $2.81B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.65B
Q. Revenue: $1.62B
TTM EBITDA: $4.12B
TTM Op. Income: $4.12B
Q. Op. Income: $974.00M
TTM Net Income: $831.00M
Q. Net Income: $981.00M
EPS: $16.62
Shares Out.: $57.54M

$6.65B in TTM revenue grew 2.6% YoY, reaching $1.62B last quarter. TTM EBITDA of $4.12B and TTM operating income of $4.12B show growth is flowing through to the bottom line. TTM net income of $831.00M means revenue is converting into profit. Over the past year, TTM revenue is up 3% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 90.1%
EBITDA Margin: 60.0%
Op. Margin: 60.0%
Net Margin: 60.5%

Op. margin of 60.0% is up 33.0% YoY — cost efficiency is improving. Net margin at 60.5% and gross margin of 90.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 3 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 3.4x
P/S Ratio: 0.4x
P/B Ratio: 0.4x

At 3.4x P/E, the stock trades below typical market levels. P/S of 0.4x and P/B of 0.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 39% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $247.18B
Cash: $7.11B
Long-Term Debt: $3.15B
Book Value: $6.55B
D/E Ratio: 0.5
Debt/EBITDA: 3.2

With $247.18B in assets and $3.15B in long-term debt, D/E is 0.5and book value is $6.55B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 13% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-431.00M
TTM Free Cash Flow: $-538.00M
FCF Margin: -8.1%
FCF / Net Income: -0.6

TTM FCF of $-538.00M on $-431.00M in operating cash flow. The FCF / Net Income ratio of -0.6x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.