Stocktoria

Voya Financial, Inc. VOYA

NYSE · stock · Life Insurance · website · IPO 2013-02-05 · LEI

Voya Financial, Inc. statistics & valuation

Market cap$8.3B
P / E12.6×
P / S1.0×
P / B1.2×
Dividend yield2.16%
Net margin8.0%
Return on equity9.6%
Net debt$2.1B
Enterprise value USD$10.4B
Earnings yield EBIT/EV10%
Graham number$99.53

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($99.53); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-3.70% -37.20% 10.60% -4.80% -2.70% 56.80% 8.60% 8.50% 8.30% 8.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
1.30% 12.50% 10.80% 12.70% 2016201720182019202020212022202320242025
Return on equity (%)
-2.30% -26.60% 8.50% -3.50% -1.80% 24.50% 10.60% 10.60% 11.50% 9.60% 2016201720182019202020212022202320242025
Shares outstanding
202.7M 184.1M 168.2M 147.0M 131.9M 125.8M 110.2M 108.8M 101.4M 97.4M 2016201720182019202020212022202320242025
Net debt ($)
$1.45B $2.61B $1.90B $1.86B $1.54B $1.19B $2.23B $2.10B $2.50B $2.10B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-0.20% -1.30% 0.50% -0.20% -0.10% 1.40% 0.30% 0.40% 0.40% 0.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
41.30% 2016201720182019202020212022202320242025
Debt / equity (×)
0.25× 0.31× 0.35× 0.30× 0.27× 0.27× 0.46× 0.36× 0.43× 0.31× 2016201720182019202020212022202320242025
EPS ($)
-$1.61 -$16.25 $4.53 -$2.64 -$1.84 $18.56 $4.30 $5.42 $6.17 $6.29 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Voya Financial, Inc. trades at about 15.8× earnings — above its 10-year norm (10-year range 3.7×–17×, median 12.2×).

3.7× 17×

Shaded band = 10-year range (3.7×–17×); dot = today's 15.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin12.7%10.8%12.5%——————1.3%
Net margin8.0%8.3%8.5%8.6%56.8%-2.7%-4.8%10.6%-37.2%-3.7%
FCF margin—————————41.3%
Return on assets0.4%0.4%0.4%0.3%1.4%-0.1%-0.2%0.5%-1.3%-0.2%
Return on equity9.6%11.5%10.6%10.6%24.5%-1.8%-3.5%8.5%-26.6%-2.3%
Debt / equity0.31×0.43×0.36×0.46×0.27×0.27×0.30×0.35×0.31×0.25×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.