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Equitable vs Erie Indemnity: revenue, profit, margins and growth compared

Equitable brought in $11.7B of revenue in fiscal 2025, Erie Indemnity $4.1B in fiscal 2025. Revenue changed by -6.1% at Equitable and +7.2% at Erie Indemnity on the year before, so Erie Indemnity grew faster. Equitable kept -11.8% of its revenue as net profit, Erie Indemnity 13.8%.

Side by side, latest fiscal year

EQHERIE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$11.7B$4.1B
Revenue growth-6.1%+7.2%
Net income-$1.4B$559.3M
Net margin-11.8%13.8%
Free cash flown/a$571M
Free cash flow marginn/a14.0%
Earnings per share (diluted)-$4.83n/a
Cash$12.5B$345.9M
Debt$3.8Bn/a
Price to earningsn/an/a
Market value$14.7B$10.3B
Dividend yield1.95%n/a
Rank by revenue in sector#57 of 444 · Finance#108 of 444 · Finance

Over the years

Revenue
EQH FY2018: $12.1BEQH FY2019: $9.6BEQH FY2020: $12.4BEQH FY2021: $7.6BEQH FY2022: $12.6BEQH FY2023: $10.5BEQH FY2024: $12.4BEQH FY2025: $11.7BERIE FY2018: $2.4BERIE FY2019: $2.5BERIE FY2020: $2.5BERIE FY2021: $2.6BERIE FY2022: $2.8BERIE FY2023: $3.3BERIE FY2024: $3.8BERIE FY2025: $4.1BFY18FY19FY20FY21FY22FY23FY24FY25
EQH $11.7BERIE $4.1B
Net income
EQH FY2018: $1.9BEQH FY2019: -$1.8BEQH FY2020: -$648MEQH FY2021: $1.8BEQH FY2022: $2.2BEQH FY2023: $1.3BEQH FY2024: $1.3BEQH FY2025: -$1.4BERIE FY2018: $288.2MERIE FY2019: $316.8MERIE FY2020: $293.3MERIE FY2021: $297.9MERIE FY2022: $298.6MERIE FY2023: $446.1MERIE FY2024: $600.3MERIE FY2025: $559.3MFY18FY19FY20FY21FY22FY23FY24FY25
EQH -$1.4BERIE $559.3M
Net margin
EQH FY2018: 15.4%EQH FY2019: -18.3%EQH FY2020: -5.2%EQH FY2021: 23.0%EQH FY2022: 17.0%EQH FY2023: 12.3%EQH FY2024: 10.3%EQH FY2025: -11.8%ERIE FY2018: 12.1%ERIE FY2019: 12.8%ERIE FY2020: 11.6%ERIE FY2021: 11.3%ERIE FY2022: 10.5%ERIE FY2023: 13.6%ERIE FY2024: 15.8%ERIE FY2025: 13.8%FY18FY19FY20FY21FY22FY23FY24FY25
EQH -11.8%ERIE 13.8%
Revenue growth
EQH FY2019: -20.3%EQH FY2020: +29.1%EQH FY2021: -38.7%EQH FY2022: +66.1%EQH FY2023: -17.3%EQH FY2024: +18.8%EQH FY2025: -6.1%ERIE FY2019: +4.0%ERIE FY2020: +2.4%ERIE FY2021: +3.8%ERIE FY2022: +7.8%ERIE FY2023: +15.1%ERIE FY2024: +16.1%ERIE FY2025: +7.2%FY19FY20FY21FY22FY23FY24FY25
EQH -6.1%ERIE +7.2%
Free cash flow
ERIE FY2018: $207.3MERIE FY2019: $262.5MERIE FY2020: $287.1MERIE FY2021: $254MERIE FY2022: $298.9MERIE FY2023: $288.6MERIE FY2024: $486.4MERIE FY2025: $571MFY18FY19FY20FY21FY22FY23FY24FY25
EQHERIE $571M

Fiscal years as each company reports them; the two may end in different months.

Questions about Equitable and Erie Indemnity

Which is bigger by revenue, Equitable or Erie Indemnity?

Equitable is bigger by revenue: $11.7B in fiscal 2025, against $4.1B for Erie Indemnity in fiscal 2025.

Which keeps more of its revenue as profit, Equitable or Erie Indemnity?

Equitable had a net margin of -11.8% in fiscal 2025; Erie Indemnity had 13.8% in fiscal 2025.

Which grew revenue faster, Equitable or Erie Indemnity?

In their latest fiscal years revenue changed by -6.1% at Equitable and +7.2% at Erie Indemnity.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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