Brighthouse Financial, Inc. (BHF) Key Metrics
BHF valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $2.75B
- Enterprise value
- $5.82B
- P/E (TTM)
- 3.8 10-yr median 5.9
- Forward P/E
- 3.4
- PEG ratio
- —
- Price / sales
- 0.4 10-yr median 0.6
- Price / book
- 0.5 10-yr median 0.5
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 0.83
BHF key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBHF valuation Price multiples at each fiscal year-end price.
BHF returns How much profit the business earns on the capital it uses.
BHF per-share figures Results divided by the shares outstanding at year-end.
BHF financial health Debt, liquidity and how easily interest is covered.
BHF efficiency & capital use Working capital cycle and where the cash goes.
BHF valuation history
BHF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BHF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BHF cash returned to shareholders
BHF price vs earnings per share
BHF key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.70B | $2.96B | $3.49B | $3.77B | $4.34B | $3.45B | $4.41B | $3.58B | $7.02B | — |
| Enterprise value | −$82.24B | $1.07B | $2.80B | −$229.41B | −$86.50B | −$82.95B | −$67.24B | −$58.59B | −$55.92B | — |
| P/E ratio | 8.6 | 7.6 | — | 1.0 | — | — | — | 4.1 | — | — |
| Price / sales | 0.6 | 0.7 | 0.9 | 0.6 | 0.6 | 0.4 | 0.7 | 0.4 | 1.0 | — |
| Price / book | 0.5 | 0.6 | 0.7 | 0.7 | 0.0 | 0.0 | 0.0 | 0.2 | 0.5 | — |
| Price / free cash flow | — | — | — | — | 5.8 | 3.9 | 2.4 | 1.2 | 3.7 | — |
| Price / operating cash flow | — | — | — | — | 5.8 | 3.9 | 2.4 | 1.2 | 2.1 | — |
| EV / sales | -13.2 | 0.2 | 0.7 | -34.6 | -12.1 | -9.8 | -10.3 | -6.8 | -8.2 | — |
| EV / EBITDA | — | 1.9 | — | — | — | — | — | — | — | — |
| Earnings yield | 11.7% | 13.1% | −31.8% | 102.8% | −2.4% | −30.6% | −16.7% | 24.1% | −5.4% | — |
| Free cash flow yield | −2.8% | −9.8% | −3.9% | −30.5% | 17.2% | 25.7% | 41.4% | 85.5% | 27.1% | — |
| Dividend yield | 2.8% | 3.4% | 2.9% | 2.8% | 2.1% | 1.3% | 0.5% | 0.6% | 25.6% | — |
| Shareholder yield (dividends + buybacks) | 5.5% | 11.9% | 10.1% | 15.7% | 13.5% | 15.0% | 10.5% | 3.5% | 35.1% | — |
| Share price at fiscal year-end | $64.79 | $48.04 | $52.92 | $51.27 | $51.80 | $36.20 | $39.23 | $30.48 | $58.64 | — |
| Per share | ||||||||||
| Revenue per share | $108.64 | $70.92 | $59.84 | $90.10 | $85.24 | $89.18 | $58.25 | $73.74 | $57.12 | $24.93 |
| Earnings per share | $7.57 | $6.30 | −$16.85 | $52.72 | −$1.23 | −$11.07 | −$6.53 | $7.36 | −$3.16 | −$23.95 |
| Operating cash flow per share | −$1.78 | −$4.71 | −$2.08 | −$15.64 | $8.90 | $9.31 | $16.25 | $26.05 | $28.35 | $30.44 |
| Free cash flow per share | −$1.78 | −$4.71 | −$2.08 | −$15.64 | $8.90 | $9.31 | $16.25 | $26.05 | $15.86 | $41.35 |
| Cash per share | $1,558.55 | $81.90 | $58.34 | $3,211.96 | $1,121.91 | $942.26 | $675.66 | $567.95 | $562.66 | $42.60 |
| Book value per share | $118.38 | $80.50 | $74.88 | $75.20 | $3,050.96 | $2,546.52 | $1,969.08 | $123.23 | $121.73 | $121.10 |
| Tangible book value per share | $38.50 | $77.19 | $71.42 | $6.10 | $3,044.64 | $2,541.24 | $1,960.16 | $113.56 | $111.58 | $110.65 |
| Dividends per share | $1.78 | $1.66 | $1.55 | $1.41 | $1.06 | $0.46 | $0.19 | $0.18 | $15.01 | $36.23 |
| Capex per share | $0.00 | $0.00 | $3.76 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $12.49 | $10.91 |
| Debt per share | $55.19 | $51.22 | $47.81 | $42.89 | $37.70 | $36.06 | $38.81 | $38.99 | $37.15 | $38.35 |
| Shares outstanding | 57.2M | 61.6M | 66.0M | 73.6M | 83.8M | 95.4M | 112.5M | 117.5M | 119.8M | 122.7M |
| Change in shares outstanding | −7.2% | −6.7% | −10.3% | −12.2% | −12.1% | −15.3% | −4.3% | −1.9% | −2.4% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.4% | 7.8% | −21.2% | 3.0% | −0.0% | −0.5% | −0.6% | 6.0% | −2.6% | −18.5% |
| Return on invested capital (ROIC) | — | 10.7% | — | — | −0.3% | −0.9% | −2.2% | — | — | −21.6% |
| Return on assets (ROA) | 0.2% | 0.2% | −0.5% | 1.6% | −0.0% | −0.4% | −0.3% | 0.4% | −0.2% | −1.3% |
| Return on tangible assets | 0.2% | 0.2% | −0.5% | 1.8% | −0.0% | −0.4% | −0.3% | 0.4% | −0.2% | −1.3% |
| Free cash flow margin | −1.6% | −6.6% | −3.5% | −17.4% | 10.4% | 10.4% | 27.9% | 35.3% | 27.8% | 165.9% |
| Income quality (OCF / net income) | −0.24 | −0.75 | — | −0.30 | — | — | — | 3.54 | — | — |
| Financial health | ||||||||||
| Total debt | $3.15B | $3.15B | $3.16B | $3.16B | $3.16B | $3.44B | $4.37B | $4.58B | $4.45B | $4.71B |
| Cash & short-term investments | $89.10B | $5.04B | $3.85B | $236.34B | $94.00B | $89.84B | $76.02B | $66.75B | $67.39B | $5.23B |
| Net debt | −$85.95B | −$1.89B | −$695.0M | −$233.18B | −$90.84B | −$86.41B | −$71.65B | −$62.17B | −$62.94B | −$521.0M |
| Debt / equity | 0.47 | 0.64 | 0.64 | 0.57 | 0.01 | 0.01 | 0.02 | 0.32 | 0.31 | 0.32 |
| Debt / assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Net debt / EBITDA | −137.30 | −3.29 | — | −47.73 | — | — | — | −53.37 | — | — |
| Current ratio | 1.16 | 6.73 | 6.43 | 3.10 | — | 841.29 | — | — | 90.34 | 2.69 |
| Quick ratio | 1.16 | 6.73 | 35.26 | 3.10 | — | — | — | — | 133.37 | 6.01 |
| Interest coverage | 3.1 | 2.8 | -9.6 | 30.9 | -4.0 | -10.0 | -7.6 | 6.3 | -4.0 | -26.9 |
| Working capital | $15.41B | $22.28B | $19.94B | $172.70B | $110.03B | $105.88B | $90.78B | $80.59B | $66.11B | $12.48B |
| Invested capital | −$79.18B | $3.07B | $4.25B | −$227.65B | $164.78B | $156.41B | $149.89B | −$47.69B | −$48.36B | $14.34B |
| Tangible asset value | $2.27B | $4.82B | $4.78B | $514.0M | $255.09B | $242.31B | $220.53B | $13.35B | $13.36B | $13.58B |
| Net current asset value | −$123.01B | −$208.07B | −$208.59B | $35.64B | $105.87B | $100.95B | $85.08B | −$111.22B | −$142.76B | −$187.87B |
| Graham number | $142.03 | $106.81 | — | $298.65 | — | — | — | $142.85 | — | — |
| Graham net-net per share | −$2,251.52 | −$3,463.53 | −$4,035.90 | $421.33 | $1,071.84 | $881.53 | $625.32 | −$1,062.74 | −$1,231.02 | −$1,660.48 |
| Capital allocation | ||||||||||
| Dividends paid | $102.0M | $102.0M | $102.0M | $104.0M | $89.0M | $44.0M | $21.0M | $21.0M | $1.80B | $4.45B |
| Share buybacks (net) | $102.0M | $250.0M | $250.0M | $488.0M | $499.0M | $473.0M | $442.0M | $105.0M | $668.0M | $634.0M |
| Dividend payout ratio | 23.6% | 26.3% | — | 2.7% | — | — | — | 2.4% | — | — |
| Dividends + buybacks / free cash flow | — | — | — | — | 78.8% | 58.2% | 25.3% | 4.1% | 129.8% | 100.1% |
| Capex / revenue | 0.0% | 0.0% | 6.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 21.9% | 43.8% |
| Capex / operating cash flow | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 44.1% | 35.8% |
| Capex / depreciation | — | — | 0.26 | — | — | — | — | 0.00 | 88.00 | 78.76 |
| Stock-based compensation / revenue | — | — | 0.7% | 0.3% | 0.3% | 0.2% | 0.3% | 0.5% | — | — |
| SG&A / revenue | 12.1% | 15.9% | 18.5% | 9.8% | 9.3% | 7.4% | 9.5% | 6.2% | 6.8% | 16.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 1,292.3 | 1,707.9 | 1,770.0 | 953.6 | 824.1 | 664.0 | 792.9 | 588.8 | 771.2 | 2,000.1 |
| Days of inventory on hand | — | — | -10,685.3 | — | -17,544.7 | -1,151.5 | -1,509.1 | -1,760.1 | -2,067.5 | -1,644.4 |
| Days payables outstanding | — | — | 1,042.6 | — | 66.2 | 6.1 | — | 141.4 | 424.1 | 604.9 |
| Cash conversion cycle (days) | — | — | -9,957.9 | — | -16,786.8 | -493.6 | — | -1,312.6 | -1,720.4 | -249.2 |
| Receivables turnover | 0.28 | 0.21 | 0.21 | 0.38 | 0.44 | 0.55 | 0.46 | 0.62 | 0.47 | 0.18 |
| Payables turnover | — | — | 0.35 | — | 5.51 | 60.07 | — | 2.58 | 0.86 | 0.60 |
| Asset turnover | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.03 | 0.04 | 0.03 | 0.01 |
| Average receivables | $21.99B | $20.44B | $19.15B | $17.32B | $16.13B | $15.47B | $14.24B | $13.98B | $14.46B | $16.76B |
| Average payables | — | — | $10.32B | — | $94.0M | $126.0M | — | $2.09B | $5.78B | $9.01B |
| Average inventory | — | — | −$105.80B | — | −$24.90B | −$23.88B | −$21.15B | −$26.04B | −$28.17B | −$24.50B |
| Intangibles / total assets | 1.9% | 0.1% | 0.1% | 2.3% | 0.2% | 0.2% | 0.4% | 0.6% | 0.5% | 0.6% |
Computed from BHF's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BHF valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Brighthouse Financial traded at 8.6 times earnings, against a 10-year median of 5.9. Based on the latest twelve months, the trailing P/E is 3.8 and the forward P/E is 3.4. Brighthouse Financial earned a return on equity of 7.4% in fiscal 2025. It ended the year with $3.2 billion of debt and $89.1 billion in cash and short-term investments, a net cash position of $85.9 billion. It returned $204.0 million to shareholders: $102.0 million in dividends and $102.0 million in share buybacks. The share count fell 53.4% from 122.7M to 57.2M over 9 years.
See the BHF income statement, the BHF chart for price history, or the BHF stock overview for the latest quote and news.
BHF key metrics FAQ
What is Brighthouse Financial's P/E ratio?
Brighthouse Financial's trailing P/E ratio is 3.8 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 3.4. At the end of fiscal 2025 it was 8.6, compared with a 10-year median of 5.9.
What is Brighthouse Financial's return on equity?
Brighthouse Financial's return on equity (ROE) was 7.4% in fiscal 2025: net income of $433.0 million on average shareholders' equity of $5.9 billion.
How much debt does Brighthouse Financial have?
Brighthouse Financial had total debt of $3.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.47 and more cash than debt.
What is Brighthouse Financial's dividend yield?
Brighthouse Financial paid $102.0 million in dividends in fiscal 2025 ($1.78 per share), a payout ratio of 23.6%.
Does Brighthouse Financial buy back its shares?
Yes. Brighthouse Financial spent $102.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −7.2% over the year, to 57.2M..
What is Brighthouse Financial's free cash flow yield?
Brighthouse Financial generated -$102.0 million of free cash flow in fiscal 2025, a free cash flow yield of −2.8% on its market value at year-end ($3.7 billion).
What is Brighthouse Financial's current ratio?
Brighthouse Financial's current ratio was 1.16 at the end of fiscal 2025: current assets were 1.16 times current liabilities.