The Filing Desk

Brighthouse Financial vs Lincoln Financial

Brighthouse Financial BHF · Lincoln Financial LNC · Life & Health Insurance

Lincoln Financial reported revenue of $18.2 billion in fiscal 2025, 2.7 times Brighthouse Financial's $6.8 billion in fiscal 2025. Brighthouse Financial's revenue grew 43.2% in its latest year, and Lincoln Financial's fell 1.2%.

Side by side

Brighthouse FinancialLincoln Financial
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$6.8B$18.2B
Revenue growth43.2%−1.2%
Revenue growth a year, last 5 years−4.5%0.9%
Gross margin——
Operating margin——
Net margin6.4%6.5%
Free cash flow——
Free cash flow margin——
Return on capital——
Net debt to EBITDA——
Dividends and buybacks$102M$325M
Change in diluted share count−5.9%7.5%
Last close$42.60$40.05
P/E at the last close4.3×2.4×
Insider trades, last 12 months—bought $94,123, sold $3.7 million
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Brighthouse FinancialLincoln Financial
Operating margin
Percent of revenue
Brighthouse FinancialLincoln Financial
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Brighthouse FinancialLincoln Financial

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Brighthouse Financial and Lincoln Financial pages.