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EQH vs. LPLA: Equitable vs. LPL Financial Stock Comparison

How do Equitable (EQH) and LPL Financial (LPLA) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Equitable (EQH) and LPL Financial (LPLA) both fall under the Financial Services industry group, but EQH is classified in Financial Services while LPLA is classified in Capital Markets.

Company profile comparison for Equitable (EQH) and LPL Financial (LPLA)
Profile ItemEQHLPLA
NameEquitable Holdings Inc.LPL Financial Holdings Inc.
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryFinancial ServicesCapital Markets
GICS Sub-IndustryDiversified Financial ServicesInvestment Banking & Brokerage
Market Capitalization14.04 billion USD23.01 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateMay 10, 2018November 18, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

EQH
LPLA
GSPC
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Equitable (EQH) vs. LPL Financial (LPLA), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Equitable (EQH) and LPL Financial (LPLA). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Equitable (EQH) and LPL Financial (LPLA). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Equitable (EQH) and LPL Financial (LPLA)
MetricEQHLPLA
Total Return (1Y)26.35%-17.27%
Total Return (3Y, Annualized)32.07%11.10%
Total Return (5Y, Annualized)12.88%13.92%

Risk Profile

Drawdown History

EQH
LPLA
GSPC
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Equitable (EQH) vs. LPL Financial (LPLA), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Equitable (EQH) and LPL Financial (LPLA). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equitable (EQH) and LPL Financial (LPLA)
MetricEQHLPLA
Volatility (1Y, Annualized)33.44%39.22%
Beta (5Y)1.040.52
Max Drawdown (5Y)-35.85%-33.18%
Avg. Volume (3M)2.71M855.76K

Risk-Adjusted Performance

Risk-Return Positioning

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EQH and LPLA are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Equitable (EQH) and LPL Financial (LPLA)
MetricEQHLPLA
Sharpe Ratio (1Y)0.66-0.55
Sortino Ratio (1Y)0.94-0.70

Profitability

ROE (TTM)

Both companies show strong equity returns, but Equitable (EQH) at 171.08% is the standout with ROE above its industry range; LPL Financial (LPLA) at 25.66% also sits in the top quartile.

EQH

Financial Services industry group

171.08%

EQH
171.08%
Max
44.78%
Q3
21.85%
Median
12.91%
Q1
4.48%
Min
-18.71%

LPLA

Financial Services industry group

25.66%

Max
44.78%
LPLA
25.66%
Q3
21.85%
Median
12.91%
Q1
4.48%
Min
-18.71%
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Equitable (EQH) vs. LPL Financial (LPLA): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both Equitable (EQH) at 11.52% and LPL Financial (LPLA) at 6.97% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

EQH

Financial Services industry group

11.52%

Max
62.84%
Q3
28.05%
Median
15.36%
EQH
11.52%
Q1
4.82%
Min
-28.52%

LPLA

Financial Services industry group

6.97%

Max
62.84%
Q3
28.05%
Median
15.36%
LPLA
6.97%
Q1
4.82%
Min
-28.52%
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Equitable (EQH) vs. LPL Financial (LPLA): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Equitable (EQH) at 37.18% runs core operations around its industry’s norm, while LPL Financial (LPLA) at 10.85% operates in the bottom quartile.

EQH

Financial Services industry group

37.18%

Max
107.33%
Q3
55.90%
EQH
37.18%
Median
30.09%
Q1
14.60%
Min
-44.34%

LPLA

Financial Services industry group

10.85%

Max
107.33%
Q3
55.90%
Median
30.09%
Q1
14.60%
LPLA
10.85%
Min
-44.34%
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Equitable (EQH) vs. LPL Financial (LPLA): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Equitable (EQH) and LPL Financial (LPLA)
MetricEQHLPLA
ROE (TTM)171.08%25.66%
ROA (TTM)0.45%7.35%
Net Margin (TTM)11.52%6.97%
Operating Margin (TTM)37.18%10.85%
Gross Margin (TTM)----

Growth

Revenue Growth

LPL Financial (LPLA) at 37.18% sits in the top revenue growth quartile, while Equitable (EQH) at -6.12% is in the bottom quartile, showing a clear gap in revenue momentum.

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Equitable (EQH) vs. LPL Financial (LPLA): A comparison of their Revenue Growth across different time periods.

EPS Growth

LPL Financial (LPLA) at -22.17% is around its peer norm for EPS growth, while Equitable (EQH) at -227.78% falls below its industry range, a notably weak earnings reading.

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Equitable (EQH) vs. LPL Financial (LPLA): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equitable (EQH) and LPL Financial (LPLA)
MetricEQHLPLA
Revenue Growth (YoY)-6.12%37.18%
Revenue Growth (3Y CAGR)-2.65%25.47%
EPS Growth (YoY)-227.78%-22.17%
EPS Growth (3Y CAGR)--1.64%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Equitable (EQH) in Financial Services and LPL Financial (LPLA) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Equitable (EQH) in Financial Services and LPL Financial (LPLA) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Equitable (EQH) and LPL Financial (LPLA)
MetricEQHLPLA
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both Equitable (EQH) at 0.51% and LPL Financial (LPLA) at 0.40% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

EQH

Financial Services industry group

0.51%

Max
9.77%
Q3
3.92%
Median
1.09%
EQH
0.51%
Q1
0.00%
Min
0.00%

LPLA

Financial Services industry group

0.40%

Max
9.77%
Q3
3.92%
Median
1.09%
LPLA
0.40%
Q1
0.00%
Min
0.00%
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Equitable (EQH) vs. LPL Financial (LPLA): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Equitable (EQH) at 22.49% and LPL Financial (LPLA) at 6.88% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EQH

Financial Services industry group

22.49%

Max
241.07%
Q3
97.36%
Median
25.77%
EQH
22.49%
Q1
0.00%
Min
0.00%

LPLA

Financial Services industry group

6.88%

Max
241.07%
Q3
97.36%
Median
25.77%
LPLA
6.88%
Q1
0.00%
Min
0.00%
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Equitable (EQH) vs. LPL Financial (LPLA): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Equitable (EQH) and LPL Financial (LPLA)
MetricEQHLPLA
Dividend Yield (TTM)0.51%0.40%
Dividend Payout Ratio (TTM)22.49%6.88%

Valuation

P/E Ratio (TTM)

Both Equitable (EQH) at 10.39 and LPL Financial (LPLA) at 16.93 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

EQH

Financial Services industry group

10.39

Max
45.85
Q3
24.64
Median
15.37
EQH
10.39
Q1
9.68
Min
0.16

LPLA

Financial Services industry group

16.93

Max
45.85
Q3
24.64
LPLA
16.93
Median
15.37
Q1
9.68
Min
0.16
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Equitable (EQH) vs. LPL Financial (LPLA): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Both Equitable (EQH) at 1.08 and LPL Financial (LPLA) at 1.15 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

EQH

Financial Services industry group

1.08

Max
9.23
Q3
4.57
Median
2.72
Q1
1.28
EQH
1.08
Min
-0.55

LPLA

Financial Services industry group

1.15

Max
9.23
Q3
4.57
Median
2.72
Q1
1.28
LPLA
1.15
Min
-0.55
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Equitable (EQH) vs. LPL Financial (LPLA): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Equitable (EQH) reports a negative P/B ratio of -4.92, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile LPL Financial (LPLA) reports 3.98, ranking against industry peers normally.

EQH

Financial Services industry group

-4.92

Max
7.79
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39
EQH
-4.92

LPLA

Financial Services industry group

3.98

Max
7.79
LPLA
3.98
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39
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Equitable (EQH) vs. LPL Financial (LPLA): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Equitable (EQH) and LPL Financial (LPLA)
MetricEQHLPLA
P/E Ratio (TTM)10.3916.93
P/S Ratio (TTM)1.081.15
P/B Ratio (MRQ)-4.923.98
Free Cash Flow Yield (TTM)----