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Financial Analysis

Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data

Fundamentals

Brighthouse Financial, Inc. BHF

· Financials · Life Insurance

FY2025 10-K, filed 2026-02-24
SEC EDGAR

Filing evidence summary

Constructive evidenceCoverage 2/5 core metrics

1 filing-based checks were evaluable.

Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.

Evidence signals

  • No current rule-based risk flags

    1 filing-based checks were evaluable.

    Why this surfaced

    The full financial analysis shows each value, threshold, and sector limitation.

  • Revenue expanded

    Latest reported annual revenue changed +43.2% from the prior reported annual observation.

    Why this surfaced

    Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.

Core trend metrics

Latest annual revenue growth
+43.2%
as of 2025-12-31
Debt / equity
0.47x
as of 2025-12-31

Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.

Where to look next

Risk checks

0of 1 rule-based checks flagged

Financial movement

  • Cash→ flat
  • Long-term debt→ flat
  • Inventory→ flat
  • Receivables→ flat
  • Current assets→ flat

Source & freshness

Source
SEC EDGAR XBRL
Fetched
2026-09-06
Latest period end
2025-12-31
Filings
EDGAR ↗

Reported segment mix

figures as filed · share of the filed sum · change vs the prior period in the same filing
Fiscal year ending 2025-12-3110-K filed 2026-02-24prior period 2024-12-31 from the same filingView filing
By product or service
Revenue
  • Distribution Service$261M
    100.0%
    -4.0% yoy

Members sum to $261M against $6.77B consolidated (residual $6.5B) - eliminations or corporate lines the filer did not tag on this axis.

Latest quarter
Quarter ending 2026-03-3110-Q filed 2026-05-07prior period 2025-03-31 from the same filingView filing
  • Distribution Service$64M
    100.0%
    -1.5% yoy

Change is against the same quarter a year earlier, as reported in the same 10-Q.

Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.

Peer percentiles

latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 907 in Financials
MetricValuevs all filersvs sector
Revenue
latest fiscal-year revenue as filed
$6.8B
84thof 3,301
top third
88thof 541
top third
Revenue growth
latest fiscal-year revenue vs the prior fiscal year
43.2%
89thof 3,135
top third
88thof 518
top third
Net margin
net income ÷ revenue
6.4%
62ndof 3,263
middle third
36thof 534
middle third
Return on equity
net income ÷ stockholders' equity (positive equity only)
6.4%
55thof 3,577
middle third
37thof 774
middle third
Net debt ÷ operating cash flow
net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher
-8.6×
99thof 1,547
top third
98thof 296
top third
Cash conversion
operating cash flow ÷ net income (net income > 0)
0.6×
16thof 2,183
bottom third
26thof 673
bottom third
Cash-flow accrual ratio
(net income − operating cash flow) ÷ average total assets · lower is ranked higher
0.1%
18thof 3,577
bottom third
29thof 804
bottom third
Balance-sheet accrual ratio
change in net operating assets ÷ average net operating assets · lower is ranked higher
37.9%
20thof 3,059
bottom third
22ndof 734
bottom third

Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.

Earnings quality

latest fiscal year ending 2025-12-31 · accruals and cash conversion as filed
Cash conversion
0.60×
operating cash flow ÷ net income, latest fiscal year
Cash-flow accrual ratio
0.1%
(net income − operating cash flow) ÷ average total assets
Balance-sheet accrual ratio
37.9%
change in net operating assets ÷ average net operating assets
Cash-backed years
1 of 5
fiscal years where operating cash flow met or exceeded net income
Mean cash conversion
-0.02×
across the stored fiscal years with positive net income

Per fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.

Point-in-time ledger

first-reported vs latest filing · periods since 2020-01-01 · 19 changed periods
Line itemPeriodFirst reportedLatest filingChangeFilings
Net income
NetIncomeLoss
fiscal year 2022-12-31$5M
10-K 2023-02-23
$3.88B
10-K 2025-02-28
+77480.0%first · latest · 3 filings carry it
Net income
NetIncomeLoss
fiscal year 2021-12-31-$108M
10-K 2022-02-24
$1.64B
10-K 2024-02-22
+1621.3%first · latest · 3 filings carry it
Net income
NetIncomeLoss
quarter 2022-09-30-$677M
10-Q 2022-11-08
$413M
10-K 2024-02-22
+161.0%first · latest · 3 filings carry it
Net income
NetIncomeLoss
quarter 2022-03-31$640M
10-Q 2022-05-10
$1.58B
10-K 2024-02-22
+147.7%first · latest · 3 filings carry it
Net income
NetIncomeLoss
quarter 2022-06-30$983M
10-Q 2022-08-05
$1.75B
10-K 2024-02-22
+77.5%first · latest · 3 filings carry it
Revenue
Revenues
fiscal year 2021-12-31$7.14B
10-K 2022-02-24
$4.98B
10-K 2024-02-22
-30.3%first · latest · 6 filings carry it
Revenue
Revenues
quarter 2022-03-31$2.74B
10-Q 2022-05-10
$2.01B
10-K 2024-02-22
-26.5%first · latest · 3 filings carry it
Revenue
Revenues
quarter 2022-09-30$1.48B
10-Q 2022-11-08
$1.12B
10-K 2024-02-22
-24.4%first · latest · 3 filings carry it
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
quarter 2022-03-31-$163M
10-Q 2022-05-10
-$199M
10-Q 2023-05-09
-22.1%first · latest
Revenue
Revenues
fiscal year 2022-12-31$8.47B
10-K 2023-02-23
$6.87B
10-K 2025-02-28
-18.9%first · latest · 6 filings carry it
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
fiscal year 2021-12-31$746M
10-K 2022-02-24
$641M
10-K 2024-02-22
-14.1%first · latest · 3 filings carry it
Stockholders' equity
StockholdersEquity
balance at 2022-12-31$5.97B
10-K 2023-02-23
$5.53B
10-K 2024-02-22
-7.4%first · latest · 5 filings carry it
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
fiscal year 2022-12-31-$1.15B
10-K 2023-02-23
-$1.23B
10-K 2025-02-28
-6.7%first · latest · 3 filings carry it
Total liabilities
Liabilities
balance at 2021-12-31$244B
10-K 2022-02-24
$254B
10-K 2024-02-22
+4.2%first · latest · 9 filings carry it
Revenue
Revenues
quarter 2022-06-30$3.8B
10-Q 2022-08-05
$3.87B
10-K 2024-02-22
+1.8%first · latest · 3 filings carry it
Total assets
Assets
balance at 2021-12-31$260B
10-K 2022-02-24
$262B
10-K 2024-02-22
+0.9%first · latest · 9 filings carry it
Diluted shares
WeightedAverageNumberOfDilutedSharesOutstanding
fiscal year 2022-12-3172,970,249 shares
10-K 2023-02-23
73,581,168 shares
10-K 2025-02-28
+0.8%first · latest · 3 filings carry it
Diluted shares
WeightedAverageNumberOfDilutedSharesOutstanding
fiscal year 2021-12-3183,783,664 shares
10-K 2022-02-24
84,466,157 shares
10-K 2024-02-22
+0.8%first · latest · 3 filings carry it
Diluted shares
WeightedAverageNumberOfDilutedSharesOutstanding
quarter 2022-09-3071,517,500 shares
10-Q 2022-11-08
71,959,380 shares
10-Q 2023-11-08
+0.6%first · latest

First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.

Notes by disclosure type

Not available for BHF yet: no footnote text blocks on file for this filer in the ingested DERA files.

Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.

Educational content only. Not financial advice. TrendNalysis provides educational and informational financial analysis built from public SEC filings and economic data (FRED, BLS). It is not financial, investment, tax, or legal advice and is not a recommendation to buy or sell any security. Market pricing is not currently included. Past performance does not guarantee future results. Always do your own research and consult a licensed financial professional before investing.