What is Brighthouse Fin's earnings per share (EPS)?

Brighthouse Fin (BHFAM) reported diluted earnings per share of $5.71 for fiscal year 2025. This represents a 23.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Brighthouse Fin Financials

BHFAM

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Brighthouse Fin (BHFAM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BHFAM FY2025 2026-04-22

A thin equity base supports a huge balance sheet, making cash conversion and small return shifts drive the story.

FY2025's earnings recovery looks more credible because operating cash flow turned positive at $259M against net income of $331M. That is a cleaner profit-to-cash match than FY2024, when reported earnings were positive but operating cash remained negative, which matters in an asset-heavy business where accounting results can move around faster than cash.

This is a balance-sheet-driven business more than a revenue-driven one: FY2025 carried $241.8B of assets against only $6.8B of equity. With that thin capital layer, even small shifts in asset-level returns can produce large changes in net income, which helps explain the sharp profit swing across FY2023-FY2025 without a similarly dramatic change in asset size.

The reported debt-to-equity ratio improved to 46.6% in FY2025 from 63.6% in FY2024. That was mostly an equity rebuild, not a debt paydown, because long-term debt stayed near $3.2B; the capital cushion got thicker, but the operating model is still dominated by managing a very large liability base rather than conventional borrowing.

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Brighthouse Fin's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Brighthouse Fin's revenue surged 43.2% year-over-year to $6.8B, reflecting rapid business expansion. This strong growth earns a score of 80/100.

Leverage

Brighthouse Fin carries a low D/E ratio of 0.47, meaning only $0.47 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Returns

Brighthouse Fin generates a 4.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is down from 5.8% the prior year.

Piotroski F-Score Neutral

6/9

Brighthouse Fin passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.78x

For every $1 of reported earnings, Brighthouse Fin generates $0.78 in operating cash flow ($259.0M OCF vs $331.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$6.8B

YoY+43.2%

5Y CAGR-4.5%

10Y CAGR-2.7%

Brighthouse Fin generated $6.8B in revenue in fiscal year 2025. This represents an increase of 43.2% from the prior year.

EBITDA

N/A

Net Income

$331.0M

YoY+15.7%

10Y CAGR-11.5%

Brighthouse Fin reported $331.0M in net income in fiscal year 2025. This represents an increase of 15.7% from the prior year.

EPS (Diluted)

$5.71

YoY+23.1%

Brighthouse Fin earned $5.71 per diluted share (EPS) in fiscal year 2025. This represents an increase of 23.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$5.4B

YoY+6.8%

5Y CAGR+5.6%

10Y CAGR+13.1%

Brighthouse Fin held $5.4B in cash against $3.2B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

57M

YoY-2.5%

5Y CAGR-8.3%

Brighthouse Fin had 57M shares outstanding in fiscal year 2025. This represents a decrease of 2.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

4.9%

YoY-1.2pp

5Y CAGR+17.4pp

10Y CAGR-7.7pp

Brighthouse Fin's net profit margin was 4.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.2 percentage points from the prior year.

Return on Equity

4.9%

YoY-0.9pp

5Y CAGR+10.8pp

10Y CAGR-1.8pp

Brighthouse Fin's ROE was 4.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$102.0M

YoY-59.2%

5Y CAGR-26.4%

Brighthouse Fin spent $102.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 59.2% from the prior year.

Capital Expenditures

N/A

BHFAM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$6.8B+43.2%	$4.7B+14.7%	$4.1B-40.1%	$6.9B+38.1%	$5.0B-41.5%	$8.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$449.0M+10.0%	$408.0M-2.4%	$418.0M+19.1%	$351.0M-8.8%	$385.0M+11.3%	$346.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$152.0M0.0%	$152.0M-0.7%	$153.0M0.0%	$153.0M-6.1%	$163.0M-11.4%	$184.0M
Income Tax	$36.0M+24.1%	$29.0M+107.9%	-$367.0M-143.3%	$848.0M+134.9%	$361.0M+199.4%	-$363.0M
Net Income	$331.0M+15.7%	$286.0M+123.6%	-$1.2B-132.2%	$3.8B+142.9%	$1.6B+246.5%	-$1.1B
EPS (Diluted)	$5.71+23.1%	$4.64+125.2%	$-18.39-135.8%	$51.30+179.0%	$18.39+258.8%	$-11.58

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$1.5B-9.6%	$1.7B-7.0%	$1.8B+108.5%	$871.0M-63.6%	$2.4B+98.3%	$1.2B-40.3%	$2.0B+41.4%	$1.4B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$114.0M-1.7%	$116.0M+16.0%	$100.0M-2.9%	$103.0M-20.8%	$130.0M+38.3%	$94.0M-7.8%	$102.0M+1.0%	$101.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$38.0M0.0%	$38.0M0.0%	$38.0M0.0%	$38.0M0.0%	$38.0M0.0%	$38.0M0.0%	$38.0M0.0%	$38.0M
Income Tax	-$222.0M-1950.0%	$12.0M-88.5%	$104.0M+1200.0%	$8.0M+109.1%	-$88.0M-154.3%	$162.0M+1520.0%	$10.0M+150.0%	-$20.0M
Net Income	-$766.0M-2288.6%	$35.0M-92.7%	$479.0M+463.5%	$85.0M+131.7%	-$268.0M-147.1%	$569.0M+223.3%	$176.0M+417.6%	$34.0M
EPS (Diluted)	$-13.82	N/A	$7.89+673.5%	$1.02+120.2%	$-5.04	N/A	$2.47+1958.3%	$0.12

BHFAM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$241.8B+1.4%	$238.5B+0.9%	$236.3B+5.1%	$224.8B-14.3%	$262.3B+5.8%	$247.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$5.4B+6.8%	$5.0B+31.0%	$3.9B-6.4%	$4.1B-8.0%	$4.5B+8.9%	$4.1B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$235.0B+0.6%	$233.5B+0.9%	$231.3B+5.5%	$219.2B-13.6%	$253.8B+10.5%	$229.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B-8.1%	$3.4B
Total Equity	$6.8B+36.5%	$5.0B+0.3%	$4.9B-10.7%	$5.5B-65.7%	$16.1B-10.4%	$18.0B
Retained Earnings	-$686.0M+38.7%	-$1.1B+25.7%	-$1.5B-281.5%	-$395.0M+90.8%	-$4.3B-700.4%	-$534.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$236.8B-2.1%	$241.8B-1.2%	$244.7B+0.8%	$242.6B+3.4%	$234.7B-1.6%	$238.5B-2.7%	$245.2B+3.3%	$237.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$4.9B-8.9%	$5.4B-18.5%	$6.6B+19.2%	$5.5B+18.7%	$4.7B-7.5%	$5.0B-10.4%	$5.6B+26.8%	$4.4B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$231.2B-1.6%	$235.0B-1.4%	$238.3B+0.6%	$236.9B+3.3%	$229.4B-1.8%	$233.5B-2.5%	$239.6B+2.7%	$233.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B0.0%	$3.2B
Total Equity	$5.6B-17.8%	$6.8B+6.4%	$6.4B+12.2%	$5.7B+8.3%	$5.2B+5.6%	$5.0B-10.2%	$5.5B+33.4%	$4.1B
Retained Earnings	-$1.5B-111.7%	-$686.0M+16.6%	-$823.0M+36.8%	-$1.3B+6.1%	-$1.4B-23.9%	-$1.1B+37.5%	-$1.8B+9.0%	-$2.0B

BHFAM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$259.0M+189.3%	-$290.0M-111.7%	-$137.0M+88.8%	-$1.2B-291.6%	$641.0M-27.8%	$888.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$751.0M+134.2%	-$2.2B+31.4%	-$3.2B+61.4%	-$8.3B+32.4%	-$12.2B-109.4%	-$5.8B
Financing Cash Flow	-$668.0M-118.2%	$3.7B+19.8%	$3.1B-66.4%	$9.1B-23.6%	$12.0B+93.4%	$6.2B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$102.0M-59.2%	$250.0M0.0%	$250.0M-48.8%	$488.0M-2.2%	$499.0M+5.5%	$473.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$221.0M-7266.7%	-$3.0M-102.6%	$117.0M+11800.0%	-$1.0M-100.7%	$146.0M+223.7%	-$118.0M-591.7%	$24.0M-92.8%	$334.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$485.0M+62.6%	-$1.3B-194.5%	$1.4B+1125.0%	$112.0M-80.1%	$563.0M+257.7%	-$357.0M-174.6%	-$130.0M+88.0%	-$1.1B
Financing Cash Flow	$226.0M+182.5%	$80.0M+118.9%	-$423.0M-155.5%	$762.0M+170.1%	-$1.1B-888.2%	-$110.0M-108.5%	$1.3B-5.2%	$1.4B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0	$0-100.0%	$43.0M-27.1%	$59.0M-1.7%	$60.0M-6.3%	$64.0M0.0%	$64.0M

BHFAM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	4.9%-1.2pp	6.0%+35.5pp	-29.5%-84.4pp	54.9%+23.7pp	31.2%+43.7pp	-12.5%
Return on Equity	4.9%-0.9pp	5.8%+30.3pp	-24.6%-92.8pp	68.2%+58.6pp	9.6%+15.5pp	-5.9%
Return on Assets	0.1%+0.0pp	0.1%+0.6pp	-0.5%-2.2pp	1.7%+1.1pp	0.6%+1.0pp	-0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.47-0.2	0.640.0	0.64+0.1	0.57+0.4	0.200.0	0.19
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-50.2%-52.2pp	2.1%-24.3pp	26.4%+16.6pp	9.8%+21.0pp	-11.2%-58.4pp	47.2%+38.5pp	8.7%+6.3pp	2.4%
Return on Equity	-13.8%-14.3pp	0.5%-7.0pp	7.5%+6.0pp	1.5%+6.6pp	-5.1%-16.6pp	11.5%+8.3pp	3.2%+2.4pp	0.8%
Return on Assets	-0.3%-0.3pp	0.0%-0.2pp	0.2%+0.2pp	0.0%+0.1pp	-0.1%-0.3pp	0.2%+0.2pp	0.1%+0.1pp	0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.57+0.1	0.47-0.0	0.50-0.1	0.56-0.0	0.60-0.0	0.64+0.1	0.57-0.2	0.76
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Brighthouse Fin's annual revenue?

Brighthouse Fin (BHFAM) reported $6.8B in total revenue for fiscal year 2025. This represents a 43.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Brighthouse Fin's revenue growing?

Brighthouse Fin (BHFAM) revenue grew by 43.2% year-over-year, from $4.7B to $6.8B in fiscal year 2025.

Is Brighthouse Fin profitable?

Yes, Brighthouse Fin (BHFAM) reported a net income of $331.0M in fiscal year 2025, with a net profit margin of 4.9%.

How much debt does Brighthouse Fin have?

As of fiscal year 2025, Brighthouse Fin (BHFAM) had $5.4B in cash and equivalents against $3.2B in long-term debt.

What is Brighthouse Fin's net profit margin?

Brighthouse Fin (BHFAM) had a net profit margin of 4.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Brighthouse Fin's return on equity (ROE)?

Brighthouse Fin (BHFAM) has a return on equity of 4.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Brighthouse Fin's operating cash flow?

Brighthouse Fin (BHFAM) generated $259.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Brighthouse Fin's total assets?

Brighthouse Fin (BHFAM) had $241.8B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Brighthouse Fin buy back shares?

Yes, Brighthouse Fin (BHFAM) spent $102.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Brighthouse Fin have outstanding?

Brighthouse Fin (BHFAM) had 57M shares outstanding as of fiscal year 2025.

What is Brighthouse Fin's debt-to-equity ratio?

Brighthouse Fin (BHFAM) had a debt-to-equity ratio of 0.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Brighthouse Fin's return on assets (ROA)?

Brighthouse Fin (BHFAM) had a return on assets of 0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Brighthouse Fin's Piotroski F-Score?

Brighthouse Fin (BHFAM) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Brighthouse Fin's earnings high quality?

Brighthouse Fin (BHFAM) has an earnings quality ratio of 0.78x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Brighthouse Fin?

Brighthouse Fin (BHFAM) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.