Voya Financial (VOYA) Financials

$65.79 -0.93 (-1.39%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$65.78 -0.01 (-0.02%)

As of 05/23/2025 04:22 PM Eastern

Annual Income Statements for Voya Financial

This table shows Voya Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	626	589	474	2,334	-242	-388	-8,976	-327	-147
Consolidated Net Income / (Loss)	742	729	433	3,131	-49	-310	-2,775	-298	538
Net Income / (Loss) Continuing Operations	742	729	433	3,119	370	791	-302	39	392
Total Pre-Tax Income	799	678	428	3,085	352	574	385	10	476
Total Operating Income	1,098	976	611	3,271	538	2,053	405	-2,693	2,494
Total Gross Profit	4,431	4,312	3,402	6,324	3,548	5,059	3,591	0.00	5,555
Total Revenue	8,050	7,348	5,930	4,174	7,649	7,642	7,249	0.00	8,716
Operating Revenue	8,050	7,348	5,930	4,174	7,649	7,642	7,438	-	8,716
Total Cost of Revenue	3,619	3,036	2,528	-2,150	4,101	2,583	3,658	0.00	3,161
Operating Cost of Revenue	3,619	3,036	2,528	-2,150	4,101	2,583	3,658	-	3,161
Total Operating Expenses	3,333	3,336	2,791	3,053	3,010	3,006	3,186	2,693	3,061
Selling, General & Admin Expense	3,082	3,096	2,542	2,586	2,654	-	2,569	-	-
Amortization Expense	223	230	240	456	352	182	353	-	377
Other Operating Expenses / (Income)	28	10	9.00	11	4.00	2,760	264	2,659	2,684
Total Other Income / (Expense), net	-299	-298	-183	-186	-186	-1,480	-20	0.00	-2,573
Interest Expense	299	298	183	186	186	1,379	-	-	2,006
Income Tax Expense	57	-51	-5.00	-34	-18	-217	687	-29	84
Preferred Stock Dividends Declared	41	36	36	36	36	28	0.00	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	75	104	-77	761	157	50	217	29	130
Basic Earnings per Share	$6.31	$5.74	$4.70	$20.02	($1.90)	($2.75)	($16.25)	($1.58)	$1.81
Weighted Average Basic Shares Outstanding	95.53M	101.61M	97.29M	106.14M	123.80M	132.34M	172.00M	189.44M	208.28M
Diluted Earnings per Share	$6.17	$5.42	$4.30	$18.56	($1.84)	($2.64)	($16.25)	($1.56)	$1.80
Weighted Average Diluted Shares Outstanding	95.53M	101.61M	97.29M	106.14M	123.80M	132.34M	172.00M	189.44M	208.28M
Weighted Average Basic & Diluted Shares Outstanding	95.53M	101.61M	97.29M	106.14M	123.80M	132.34M	172.00M	189.44M	208.28M
Cash Dividends to Common per Share	$1.70	$1.20	$0.80	$0.70	$0.60	$0.32	$0.04	$0.04	$0.04

This table shows Voya Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	139	93	98	201	234	118	248	154	69	190	166
Consolidated Net Income / (Loss)	151	121	98	235	288	119	246	235	129	137	42
Net Income / (Loss) Continuing Operations	151	121	98	235	288	119	246	235	129	137	42
Total Pre-Tax Income	173	120	116	276	287	102	172	263	141	83	71
Total Operating Income	240	195	185	374	344	182	248	357	189	-102	114
Total Gross Profit	1,134	1,023	1,018	1,190	1,200	1,015	1,024	1,189	1,084	629	808
Total Revenue	1,969	2,010	1,956	2,033	2,051	1,819	1,823	1,871	1,835	1,555	1,345
Operating Revenue	1,969	2,010	1,956	2,033	2,051	1,819	1,823	1,871	1,835	1,555	1,345
Total Cost of Revenue	835	987	938	843	851	804	799	682	751	926	537
Operating Cost of Revenue	835	987	938	843	851	804	799	682	751	926	537
Total Operating Expenses	894	828	833	816	856	833	776	832	895	731	694
Selling, General & Admin Expense	824	756	775	752	799	773	717	770	836	-	632
Amortization Expense	62	56	55	56	56	57	57	57	59	56	60
Other Operating Expenses / (Income)	8.00	16	3.00	8.00	1.00	3.00	2.00	5.00	0.00	-630	2.00
Total Other Income / (Expense), net	-67	-75	-69	-98	-57	-80	-76	-94	-48	185	-43
Interest Expense	67	75	69	98	57	80	76	94	48	-185	43
Income Tax Expense	22	-1.00	18	41	-1.00	-17	-74	28	12	-54	29
Preferred Stock Dividends Declared	17	4.00	16	4.00	17	4.00	14	4.00	14	4.00	14
Net Income / (Loss) Attributable to Noncontrolling Interest	-5.00	24	-16	30	37	-3.00	-16	77	46	-57	-138
Basic Earnings per Share	$1.45	$1.02	$1.00	$2.00	$2.29	$1.19	$2.35	$1.50	$0.70	$1.87	$1.70
Weighted Average Basic Shares Outstanding	96.29M	95.53M	96.22M	98.32M	100.70M	101.61M	104.47M	105.78M	98.27M	97.29M	97.17M
Diluted Earnings per Share	$1.42	$0.99	$0.98	$1.96	$2.24	$1.09	$2.29	$1.41	$0.63	$1.70	$1.57
Weighted Average Diluted Shares Outstanding	96.29M	95.53M	96.22M	98.32M	100.70M	101.61M	104.47M	105.78M	98.27M	97.29M	97.17M
Weighted Average Basic & Diluted Shares Outstanding	96.29M	95.53M	96.22M	98.32M	100.70M	101.61M	104.47M	105.78M	98.27M	97.29M	97.17M
Cash Dividends to Common per Share	$0.45	-	$0.45	$0.40	$0.40	-	$0.40	$0.20	$0.20	-	$0.20

This table details how cash moves in and out of Voya Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	396	111	-566	-570	603	-66	-178	-1,195	398	-18
Net Cash From Operating Activities	1,345	1,638	1,352	22	1,362	1,310	1,868	1,582	3,692	3,248
Net Cash From Continuing Operating Activities	1,345	1,638	1,352	272	1,770	1,440	816	1,071	1,758	1,160
Net Income / (Loss) Continuing Operations	742	729	433	3,119	370	791	482	-302	39	392
Consolidated Net Income / (Loss)	742	729	433	3,131	-49	-310	907	-2,775	-298	538
Amortization Expense	102	113	124	353	-	189	232	358	420	381
Non-Cash Adjustments To Reconcile Net Income	392	273	1,216	-1,759	1,333	585	510	-42	1,513	978
Changes in Operating Assets and Liabilities, net	109	523	-421	-1,441	67	-125	-408	1,057	-214	-591
Net Cash From Investing Activities	481	2,532	-1,946	-327	-2,461	-1,255	-282	-2,428	-3,683	-4,274
Net Cash From Continuing Investing Activities	481	2,532	-1,946	-803	-1,957	-629	-68	-167	-1,883	-2,611
Purchase of Property, Plant & Equipment	-2,608	-1,225	-2,338	-2,138	-1,084	-1,385	-994	-2,036	-1,727	-7,521
Acquisitions	0.00	-584	-2.00	0.00	-	-	-	-	-	-
Purchase of Investments	-5,915	-4,630	-8,947	-8,383	-7,253	-6,913	-7,897	-6,820	-10,277	-9,454
Sale of Property, Plant & Equipment	784	600	854	816	569	1,153	895	851	747	1,088
Divestitures	1,496	962	849	1,329	413	586	-	-	-	-
Sale and/or Maturity of Investments	6,641	7,583	8,192	8,187	5,920	6,820	8,599	9,521	10,877	14,561
Other Investing Activities, net	83	-174	-554	-614	-522	-890	-671	-1,683	-1,503	-1,285
Net Cash From Financing Activities	-1,430	-4,059	28	-265	1,702	-121	-1,764	-349	389	1,008
Net Cash From Continuing Financing Activities	-1,430	-4,059	28	-265	1,179	-934	-1,092	-1,620	-527	728
Repayment of Debt	-1,177	-1,320	-1,368	-1,821	-1,015	-1,016	-1,339	-464	-1,280	-517
Repurchase of Common Equity	-640	-369	-750	-1,113	-516	-1,136	-1,025	-923	-687	-1,487
Payment of Dividends	1,422	609	1,047	1,485	1,306	643	-172	-363	43	653
Issuance of Debt	397	388	0.00	0.00	-	-	288	338	798	0.00
Issuance of Common Equity	6.00	0.00	7.00	4.00	4.00	3.00	776	970	1.00	0.00
Other Financing Activities, net	-1,438	-3,367	1,092	1,180	1,400	279	61	-1,178	598	2,079
Cash Interest Paid	103	113	131	157	154	159	180	174	190	179
Cash Income Taxes Paid	9.00	11	14	3.00	-111	-127	1.00	-154	69	78

This table details how cash moves in and out of Voya Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-325	1,235	-354	-312	-173	1,475	-835	-190	-339	1,205	-522
Net Cash From Operating Activities	-179	79	719	316	231	364	403	715	156	219	418
Net Cash From Continuing Operating Activities	0.00	1,345	-	-	0.00	1,638	-	-	0.00	1,352	-
Net Income / (Loss) Continuing Operations	0.00	742	-	-	0.00	729	-	-	0.00	433	-
Net Cash From Investing Activities	245	-23	-486	-92	1,082	833	430	797	472	-	-372
Net Cash From Continuing Investing Activities	245	-23	-486	-92	1,082	833	430	797	472	-	-372
Purchase of Property, Plant & Equipment	-462	-683	-538	-1,120	-267	-445	-157	-323	-300	-650	-262
Acquisitions	224	-	-	-	0.00	-	-50	-	-534	-	-
Purchase of Investments	-2,488	-2,371	-1,741	-1,207	-596	-879	-983	-1,729	-1,039	-2,059	-2,159
Sale of Property, Plant & Equipment	135	206	207	165	206	153	96	176	175	121	188
Divestitures	372	328	169	692	307	310	196	251	205	147	124
Sale and/or Maturity of Investments	2,503	2,346	1,520	1,407	1,368	1,866	1,287	2,418	2,012	2,724	1,761
Other Investing Activities, net	-39	151	-103	-29	64	-172	41	4.00	-47	-283	-24
Net Cash From Financing Activities	-570	-87	132	-220	-1,255	-996	-1,265	-987	-811	-147	-150
Net Cash From Continuing Financing Activities	-570	-87	132	-220	-1,255	-996	-1,265	-987	-811	-147	-150
Repayment of Debt	-752	-397	-294	-387	-99	-323	-240	-675	-82	-626	-157
Repurchase of Common Equity	0.00	-120	-172	-176	-172	-157	-50	-162	0.00	-	-
Payment of Dividends	426	561	416	653	-208	341	-38	274	32	784	-
Issuance of Common Equity	3.00	-	3.00	-	3.00	-	-	-	0.00	-	5.00
Other Financing Activities, net	-247	-131	-218	-310	-779	-857	-937	-812	-761	-305	2.00

This table presents Voya Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	163,889	157,085	146,606	171,262	180,518	155,430	222,532	214,585	218,224
Total Current Assets	4,156	4,129	4,361	43,934	73,348	21,282	60,270	118,998	80,542
Cash & Equivalents	1,514	1,118	1,007	1,573	1,502	1,237	1,218	2,096	2,513
Short-Term Investments	2,339	2,700	2,932	36,578	44,187	-	-	49,295	71,121
Other Current Assets	303	311	422	171	215	-	-	4,734	6,909
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	159,733	152,956	142,245	127,328	107,170	134,148	162,262	95,587	127,605
Long-Term Investments	38,321	39,280	41,455	7,225	6,614	44,627	59,027	3,935	3,718
Goodwill	748	748	327	72	-	-	-	-	251
Intangible Assets	832	857	631	97	-	-	-	-	-
Noncurrent Deferred & Refundable Income Taxes	2,134	2,160	2,223	986	1,186	1,627	785	1,570	2,215
Other Noncurrent Operating Assets	117,698	109,911	97,609	105,313	99,370	80,613	93,764	90,082	121,422
Total Liabilities & Shareholders' Equity	163,889	157,085	146,606	171,262	180,518	155,430	222,532	214,585	218,224
Total Liabilities	157,882	151,032	141,609	161,441	169,340	146,425	211,493	200,617	201,948
Total Current Liabilities	731	372	141	1.00	19,005	18,608	59,810	61,840	8,216
Short-Term Debt	399	1.00	141	1.00	1.00	541	1,384	1,967	6,956
Other Current Liabilities	332	371	-	-	387	164	149	297	1,190
Total Noncurrent Liabilities	157,151	150,660	141,468	161,440	150,335	127,817	151,683	138,777	183,623
Long-Term Debt	3,204	3,429	3,328	2,595	3,044	3,136	3,123	3,550	3,460
Other Noncurrent Operating Liabilities	153,947	147,231	138,140	158,845	146,930	124,130	148,010	134,553	179,475
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Redeemable Noncontrolling Interest	219	175	166	0.00	-	-	-	-	-
Total Equity & Noncontrolling Interests	5,788	5,878	4,831	9,821	11,178	9,005	11,039	13,968	16,276
Total Preferred & Common Equity	4,005	4,193	3,349	8,253	10,110	8,213	10,009	12,995	13,436
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Total Common Equity	4,005	4,193	3,349	8,253	10,110	8,213	10,009	12,995	13,436
Common Stock	6,267	6,144	6,644	7,543	11,185	24,319	23,824	23,612	23,720
Retained Earnings	954	505	-201	-1,310	-4,957	-11,732	-12,719	-9,742	-9,415
Treasury Stock	-754	-56	-39	-80	-1,016	-4,981	-3,827	-2,796	-2,302
Accumulated Other Comprehensive Income / (Loss)	-2,462	-2,400	-3,055	2,100	4,898	607	2,731	1,921	1,425
Noncontrolling Interest	1,783	1,685	1,482	1,568	1,068	792	1,030	973	2,840

This table presents Voya Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	163,950	166,933	161,280	161,631	149,265	154,616	151,208	144,048
Total Current Assets	3,691	4,298	3,865	28,625	35,532	37,075	37,447	95,753
Cash & Equivalents	1,010	1,545	1,180	1,176	917	1,349	824	935
Short-Term Investments	2,432	2,528	2,369	27,071	27,361	28,511	29,720	69,922
Other Current Assets	249	225	316	378	482	444	342	495
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	160,259	162,635	157,415	133,006	113,733	117,541	113,761	93,209
Long-Term Investments	40,470	39,397	38,185	14,054	7,498	7,893	8,012	7,715
Goodwill	804	748	748	748	748	646	646	252
Intangible Assets	854	862	856	861	900	908	905	572
Noncurrent Deferred & Refundable Income Taxes	2,032	1,955	2,171	2,178	2,438	2,161	2,122	1,931
Other Noncurrent Operating Assets	116,099	119,673	115,455	115,165	102,149	105,933	102,076	82,739
Total Liabilities & Shareholders' Equity	163,950	166,933	161,280	161,631	149,265	154,616	151,208	144,048
Total Liabilities	157,589	160,351	155,411	155,760	144,306	149,088	145,521	138,210
Total Current Liabilities	287	756	711	393	2.00	143	143	141
Short-Term Debt	1.00	397	395	393	2.00	143	143	141
Other Current Liabilities	286	359	316	-	-	-	-	-
Total Noncurrent Liabilities	157,302	159,595	154,700	155,367	144,304	148,945	145,378	138,069
Long-Term Debt	3,131	3,226	2,828	3,075	3,424	3,426	3,350	3,122
Other Noncurrent Operating Liabilities	154,171	156,369	151,872	152,292	140,880	145,519	142,028	134,365
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	214	198	183	174	173	171	166	155
Total Equity & Noncontrolling Interests	6,147	6,384	5,686	5,697	4,786	5,357	5,521	5,683
Total Preferred & Common Equity	4,383	4,719	4,043	4,153	3,127	3,697	3,954	4,093
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,383	4,719	4,043	4,153	3,127	3,697	3,954	4,093
Common Stock	6,300	6,228	6,219	6,188	6,665	6,696	6,694	7,946
Retained Earnings	1,052	907	855	697	302	40	-118	-994
Treasury Stock	-788	-604	-448	-263	-307	-248	-77	-873
Accumulated Other Comprehensive Income / (Loss)	-2,181	-1,812	-2,583	-2,469	-3,533	-2,791	-2,545	-1,986
Noncontrolling Interest	1,764	1,665	1,643	1,544	1,659	1,660	1,567	1,590

This table displays calculated financial ratios and metrics derived from Voya Financial's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.55%	23.91%	42.07%	-45.43%	0.09%	0.00%	0.00%	0.00%	-100.00%	-20.67%
EBITDA Growth	10.19%	48.16%	-79.72%	307.19%	-58.45%	823.28%	-77.41%	133.57%	-195.26%	38.59%
EBIT Growth	12.50%	59.74%	-81.32%	507.99%	-72.45%	0.00%	-100.00%	115.04%	-234.31%	67.03%
NOPAT Growth	-2.83%	69.77%	-81.31%	484.79%	-80.01%	0.00%	100.00%	83.15%	-191.78%	-45.87%
Net Income Growth	1.78%	68.36%	-86.17%	6,489.80%	84.19%	-134.18%	132.68%	0.00%	0.00%	-78.76%
EPS Growth	13.84%	26.05%	-76.83%	1,108.70%	30.30%	-158.28%	127.88%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-17.89%	21.15%	6,045.45%	-98.38%	3.97%	-29.87%	18.08%	-57.15%	13.67%	-10.49%
Free Cash Flow Firm Growth	98.62%	-149.35%	217.56%	-466.89%	118.63%	-308.85%	-53.18%	145.67%	-108.85%	317.37%
Invested Capital Growth	3.13%	8.97%	-12.04%	17.95%	-1.26%	17.71%	-6.01%	-16.68%	23.02%	-150.50%
Revenue Q/Q Growth	2.43%	3.73%	-21.93%	240.46%	-32.44%	0.00%	0.00%	286.78%	-100.00%	-24.28%
EBITDA Q/Q Growth	4.99%	24.89%	-65.30%	41.78%	-69.02%	0.00%	-51.46%	121.58%	-217.60%	88.66%
EBIT Q/Q Growth	19.48%	51.79%	-72.64%	83.25%	-81.27%	0.00%	-100.00%	111.45%	-252.82%	251.57%
NOPAT Q/Q Growth	17.10%	43.98%	-74.68%	95.67%	-71.88%	0.00%	100.00%	87.17%	-132.39%	414.49%
Net Income Q/Q Growth	0.27%	-2.41%	-58.64%	10.75%	0.00%	0.00%	154.87%	0.00%	0.00%	-73.40%
EPS Q/Q Growth	-1.59%	-10.12%	-47.50%	23.65%	0.00%	0.00%	134.77%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-17.48%	9.71%	3.76%	-94.84%	9.22%	20.74%	-10.62%	-32.25%	21.27%	-4.44%
Free Cash Flow Firm Q/Q Growth	-100.46%	-163.53%	222.05%	43.07%	124.91%	-1,578.78%	111.67%	-93.75%	2.23%	9,566.39%
Invested Capital Q/Q Growth	2.11%	-22.72%	-50.38%	-7.16%	-2.21%	12.97%	-4.98%	34.13%	-220.51%	-499.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.04%	58.68%	57.37%	151.51%	46.39%	66.20%	0.00%	49.54%	0.00%	63.73%
EBITDA Margin	14.91%	14.82%	12.39%	86.82%	11.64%	28.03%	0.00%	10.53%	0.00%	27.37%
Operating Margin	13.64%	13.28%	10.30%	78.37%	7.03%	26.86%	0.00%	5.59%	0.00%	28.61%
EBIT Margin	13.64%	13.28%	10.30%	78.37%	7.03%	25.56%	0.00%	5.59%	0.00%	23.00%
Profit (Net Income) Margin	9.22%	9.92%	7.30%	75.01%	-0.64%	-4.06%	0.00%	-38.28%	0.00%	6.17%
Tax Burden Percent	92.87%	107.52%	101.17%	101.49%	-13.92%	-54.01%	174.09%	-720.78%	0.00%	113.03%
Interest Burden Percent	72.77%	69.47%	70.05%	94.31%	65.43%	29.39%	64.55%	95.06%	0.00%	23.74%
Effective Tax Rate	7.13%	-7.52%	-1.17%	-1.10%	-5.11%	-37.80%	7.49%	178.44%	0.00%	17.65%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.28%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-12.23%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-5.19%
Return on Equity (ROE)	12.31%	13.19%	5.84%	29.82%	-0.46%	-3.23%	9.08%	-22.19%	0.00%	3.09%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.68%	0.64%	0.38%	1.86%	0.31%	1.20%	0.00%	0.19%	0.00%	0.90%
Return on Assets (ROA)	0.46%	0.48%	0.27%	1.78%	-0.03%	-0.19%	0.00%	-1.27%	0.00%	0.24%
Return on Common Equity (ROCE)	8.36%	9.01%	4.58%	26.08%	-0.22%	-1.39%	8.28%	-20.42%	0.00%	2.62%
Return on Equity Simple (ROE_SIMPLE)	18.53%	17.39%	12.93%	37.94%	-0.48%	0.00%	12.42%	-27.73%	-2.29%	4.00%
Net Operating Profit after Tax (NOPAT)	1,020	1,049	618	3,307	566	2,829	0.00	-318	-1,885	2,054
NOPAT Margin	12.67%	14.28%	10.42%	79.23%	7.39%	37.02%	0.00%	-4.38%	0.00%	23.56%
Net Nonoperating Expense Percent (NNEP)	-0.71%	-0.79%	-0.44%	-0.37%	-1.21%	-5.87%	1.60%	-4.49%	3.15%	20.51%
Return On Investment Capital (ROIC_SIMPLE)	10.86%	11.27%	7.45%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	44.96%	41.32%	42.63%	-51.51%	53.61%	33.80%	0.00%	50.46%	0.00%	36.27%
SG&A Expenses to Revenue	38.29%	42.13%	42.87%	61.96%	34.70%	0.00%	0.00%	35.44%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	41.40%	45.40%	47.07%	73.14%	39.35%	39.34%	0.00%	43.95%	0.00%	35.12%
Earnings before Interest and Taxes (EBIT)	1,098	976	611	3,271	538	1,953	0.00	405	-2,693	2,005
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,200	1,089	735	3,624	890	2,142	232	763	-2,273	2,386
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.65	1.78	1.71	0.86	0.70	0.83	0.00	0.82	0.54	0.55
Price to Tangible Book Value (P/TBV)	2.73	2.88	2.40	0.87	0.70	0.83	0.00	0.82	0.54	0.56
Price to Revenue (P/Rev)	0.82	1.01	0.97	1.69	0.92	1.01	0.00	1.14	0.00	0.84
Price to Earnings (P/E)	10.58	12.64	12.11	3.03	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	2.47%	1.68%	1.35%	1.09%	1.07%	1.07%	0.10%	0.09%	0.11%	0.12%
Earnings Yield	9.45%	7.91%	8.26%	33.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.60	0.57	0.69	0.26	0.27	0.35	0.41	0.41	0.40	0.64
Long-Term Debt to Equity	0.53	0.57	0.67	0.26	0.27	0.35	0.41	0.28	0.25	0.21
Financial Leverage	-6.49	-7.38	-5.72	-4.48	-4.74	-5.58	-5.69	-4.38	-3.96	0.42
Leverage Ratio	26.61	27.48	21.45	16.75	16.38	16.93	18.88	17.48	14.31	12.78
Compound Leverage Factor	19.37	19.09	15.03	15.80	10.72	4.97	12.19	16.62	0.00	3.03
Debt to Total Capital	37.49%	36.17%	40.98%	20.91%	21.41%	25.71%	29.14%	28.99%	28.31%	39.02%
Short-Term Debt to Total Capital	4.15%	0.01%	1.67%	0.01%	0.01%	0.01%	0.01%	8.90%	10.09%	26.06%
Long-Term Debt to Total Capital	33.34%	36.16%	39.31%	20.90%	21.40%	25.71%	29.13%	20.09%	18.22%	12.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	20.83%	19.61%	19.47%	12.63%	7.51%	6.01%	5.77%	6.63%	4.99%	10.64%
Common Equity to Total Capital	41.68%	44.22%	39.56%	66.47%	71.08%	0.00%	65.09%	64.38%	66.69%	50.34%
Debt to EBITDA	3.00	3.15	4.72	0.72	3.42	1.64	15.85	5.91	-2.43	4.37
Net Debt to EBITDA	-32.14	-36.43	-57.04	-11.80	-55.35	-22.54	-246.33	-73.05	21.91	-28.05
Long-Term Debt to EBITDA	2.67	3.15	4.53	0.72	3.42	1.64	15.84	4.09	-1.56	1.45
Debt to NOPAT	3.53	3.27	5.61	0.79	5.38	1.24	0.00	-14.19	-2.93	5.07
Net Debt to NOPAT	-37.83	-37.80	-67.82	-12.94	-87.10	-17.07	0.00	175.45	26.42	-32.59
Long-Term Debt to NOPAT	3.14	3.27	5.38	0.78	5.38	1.24	0.00	-9.83	-1.88	1.68
Altman Z-Score	0.13	0.13	0.11	0.41	0.40	0.07	-0.17	-0.02	0.24	0.43
Noncontrolling Interest Sharing Ratio	32.02%	31.75%	21.70%	12.55%	52.62%	57.15%	8.80%	8.01%	12.61%	15.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.69	11.10	30.93	43,934.00	3.86	0.00	0.89	1.01	1.92	9.80
Quick Ratio	5.27	10.26	27.94	43,763.00	2.76	0.00	0.83	0.02	0.83	8.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-31	-2,264	4,587	-3,902	1,064	-5,708	2,733	6,182	-13,537	152,923
Operating Cash Flow to CapEx	73.74%	262.08%	91.11%	1.66%	264.47%	564.66%	1,886.87%	133.50%	376.73%	50.49%
Free Cash Flow to Firm to Interest Expense	-0.10	-7.60	25.07	-20.98	5.72	-4.14	66.66	0.00	0.00	76.23
Operating Cash Flow to Interest Expense	4.50	5.50	7.39	0.12	7.32	0.95	45.56	0.00	0.00	1.62
Operating Cash Flow Less CapEx to Interest Expense	-1.60	3.40	-0.72	-6.99	4.55	0.78	43.15	0.00	0.00	-1.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.05	0.04	0.02	0.04	0.05	0.00	0.03	0.00	0.04
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-32,564	-33,615	-36,928	-32,959	-40,168	-39,670	-48,207	-45,474	-38,974	-50,626
Invested Capital Turnover	-0.24	-0.21	-0.17	-0.11	-0.19	-0.17	0.00	-0.17	0.00	0.35
Increase / (Decrease) in Invested Capital	1,051	3,313	-3,969	7,209	-498	8,537	-2,733	-6,500	11,652	-150,869
Enterprise Value (EV)	-29,946	-30,362	-34,538	-34,146	-41,137	-39,741	-56,420	-46,462	-41,765	-56,742
Market Capitalization	6,623	7,446	5,739	7,066	7,053	7,720	0.00	8,246	7,071	7,353
Book Value per Share	$41.62	$40.14	$34.46	$74.35	$80.07	$0.00	$0.00	$55.68	$66.77	$62.40
Tangible Book Value per Share	$25.20	$24.77	$24.61	$72.83	$80.07	$0.00	$0.00	$55.68	$66.77	$61.23
Total Capital	9,610	9,483	8,466	12,417	14,223	13,678	12,618	15,546	19,485	26,692
Total Debt	3,603	3,430	3,469	2,596	3,045	3,517	3,677	4,507	5,517	10,416
Total Long-Term Debt	3,204	3,429	3,328	2,595	3,044	3,516	3,676	3,123	3,550	3,460
Net Debt	-38,571	-39,668	-41,925	-42,780	-49,258	-48,283	-57,148	-55,738	-49,809	-66,935
Capital Expenditures (CapEx)	1,824	625	1,484	1,322	515	232	99	1,185	980	6,433
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-29	-60	422	5,783	8,655	-45,518	-61,728	626	7,734	5,649
Debt-free Net Working Capital (DFNWC)	3,824	3,758	4,361	43,934	54,344	1.00	-8,161	1,844	59,125	79,282
Net Working Capital (NWC)	3,425	3,757	4,220	43,933	54,343	0.00	-8,162	460	57,158	72,326
Net Nonoperating Expense (NNE)	278	320	185	176	615	3,139	-907	2,457	-1,885	1,516
Net Nonoperating Obligations (NNO)	-38,571	-39,668	-41,925	-42,780	-51,346	-49,831	-57,148	-56,513	-52,942	-66,902
Total Depreciation and Amortization (D&A)	102	113	124	353	352	189	232	358	420	381
Debt-free, Cash-free Net Working Capital to Revenue	-0.36%	-0.82%	7.12%	138.55%	113.15%	-595.63%	0.00%	8.64%	0.00%	64.81%
Debt-free Net Working Capital to Revenue	47.50%	51.14%	73.54%	1,052.56%	710.47%	0.01%	0.00%	25.44%	0.00%	909.62%
Net Working Capital to Revenue	42.55%	51.13%	71.16%	1,052.54%	710.46%	0.00%	0.00%	6.35%	0.00%	829.81%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.31	$5.74	$4.71	$17.92	($1.90)	($2.69)	$4.67	($16.25)	$0.00	$1.81
Adjusted Weighted Average Basic Shares Outstanding	95.53M	101.61M	97.29M	106.14M	123.80M	132.34M	0.00	172.00M	189.44M	208.28M
Adjusted Diluted Earnings per Share	$6.17	$5.42	$4.30	$16.61	($1.84)	($2.58)	$4.53	($16.25)	$0.00	$1.80
Adjusted Weighted Average Diluted Shares Outstanding	95.53M	101.61M	97.29M	106.14M	123.80M	132.34M	0.00	172.00M	189.44M	208.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	95.53M	101.61M	97.29M	106.14M	123.80M	132.34M	0.00	172.00M	189.44M	208.28M
Normalized Net Operating Profit after Tax (NOPAT)	1,020	683	428	2,290	377	1,482	0.00	284	-1,885	2,054
Normalized NOPAT Margin	12.67%	9.30%	7.21%	54.86%	4.92%	19.39%	0.00%	3.91%	0.00%	23.56%
Pre Tax Income Margin	9.93%	9.23%	7.22%	73.91%	4.60%	7.51%	0.00%	5.31%	0.00%	5.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.67	3.28	3.34	17.59	2.89	1.42	0.00	0.00	0.00	1.00
NOPAT to Interest Expense	3.41	3.52	3.38	17.78	3.04	2.05	0.00	0.00	0.00	1.02
EBIT Less CapEx to Interest Expense	-2.43	1.18	-4.77	10.48	0.12	1.25	-2.41	0.00	0.00	-2.21
NOPAT Less CapEx to Interest Expense	-2.69	1.42	-4.73	10.67	0.27	1.88	-2.41	0.00	0.00	-2.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-191.64%	-83.54%	-241.80%	-47.43%	2,665.31%	207.42%	18.96%	-13.08%	0.00%	-121.38%
Augmented Payout Ratio	-105.39%	-32.92%	-68.59%	-11.88%	1,612.24%	-159.03%	131.97%	-46.34%	0.00%	155.02%

This table displays calculated financial ratios and metrics derived from Voya Financial's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.00%	10.50%	7.30%	8.66%	11.77%	16.98%	35.54%	22.77%	21.85%	-51.72%	-36.32%
EBITDA Growth	-24.50%	5.02%	-21.31%	3.86%	61.29%	619.57%	75.29%	59.23%	-46.44%	-103.77%	-80.65%
EBIT Growth	-30.23%	7.14%	-25.40%	4.76%	82.01%	278.43%	117.54%	80.30%	-52.87%	-106.71%	-83.92%
NOPAT Growth	-39.32%	-7.40%	-55.94%	-0.17%	99.64%	226.12%	425.97%	71.25%	-52.61%	-109.03%	-90.80%
Net Income Growth	-47.57%	1.68%	-60.16%	0.00%	123.26%	-13.14%	485.71%	64.34%	16.22%	-81.76%	-88.65%
EPS Growth	-36.61%	-9.17%	-57.21%	39.01%	255.56%	-35.88%	45.86%	147.37%	36.96%	-69.59%	36.52%
Operating Cash Flow Growth	-177.49%	-78.30%	78.41%	-55.80%	48.08%	66.21%	-3.59%	102.55%	-56.91%	28.82%	136.16%
Free Cash Flow Firm Growth	-57.61%	72.45%	89.11%	200.13%	4,323.23%	-181.58%	152.00%	-243.72%	-226.06%	171.12%	21.49%
Invested Capital Growth	-4.42%	3.13%	-21.45%	-13.91%	-12.21%	8.97%	-11.54%	13.88%	0.90%	-12.04%	20.16%
Revenue Q/Q Growth	-2.04%	2.76%	-3.79%	-0.88%	12.75%	-0.22%	-2.57%	1.96%	18.01%	15.61%	-11.75%
EBITDA Q/Q Growth	20.32%	4.58%	-44.19%	7.50%	447.95%	-21.64%	-26.33%	66.94%	361.05%	-126.44%	-33.08%
EBIT Q/Q Growth	23.08%	5.41%	-50.53%	8.72%	2,050.00%	-26.61%	-30.53%	88.89%	225.17%	-189.47%	-42.42%
NOPAT Q/Q Growth	6.54%	25.81%	-50.92%	-7.75%	1,749.28%	-40.14%	11.19%	84.48%	169.38%	-349.66%	-63.80%
Net Income Q/Q Growth	24.79%	23.47%	-58.30%	-18.40%	142.02%	-51.63%	4.68%	82.17%	-5.84%	226.19%	-70.63%
EPS Q/Q Growth	43.43%	1.02%	-50.00%	-12.50%	105.50%	-52.40%	62.41%	123.81%	-62.94%	8.28%	175.44%
Operating Cash Flow Q/Q Growth	-326.58%	-89.01%	127.53%	36.80%	-36.54%	-9.68%	-43.64%	358.33%	-28.77%	-47.61%	18.41%
Free Cash Flow Firm Q/Q Growth	295.05%	-114.17%	40.09%	9.49%	219.33%	-197.24%	174.17%	-4,518.36%	-102.50%	161.97%	-305.01%
Invested Capital Q/Q Growth	-5.70%	2.11%	-1.91%	0.97%	1.94%	-22.72%	4.41%	2.45%	20.45%	-50.38%	26.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.59%	50.90%	52.05%	58.53%	58.51%	55.80%	56.17%	63.55%	59.07%	40.45%	60.07%
EBITDA Margin	15.34%	12.49%	12.27%	21.15%	19.50%	13.14%	16.73%	22.13%	13.52%	-2.96%	12.94%
Operating Margin	12.19%	9.70%	9.46%	18.40%	16.77%	10.01%	13.60%	19.08%	10.30%	-6.56%	8.48%
EBIT Margin	12.19%	9.70%	9.46%	18.40%	16.77%	10.01%	13.60%	19.08%	10.30%	-6.56%	8.48%
Profit (Net Income) Margin	7.67%	6.02%	5.01%	11.56%	14.04%	6.54%	13.49%	12.56%	7.03%	8.81%	3.12%
Tax Burden Percent	87.28%	100.83%	84.48%	85.14%	100.35%	116.67%	143.02%	89.35%	91.49%	165.06%	59.15%
Interest Burden Percent	72.08%	61.54%	62.70%	73.80%	83.43%	56.04%	69.35%	73.67%	74.60%	-81.37%	62.28%
Effective Tax Rate	12.72%	-0.83%	15.52%	14.86%	-0.35%	-16.67%	-43.02%	10.65%	8.51%	-65.06%	40.85%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	9.89%	12.31%	12.82%	15.58%	15.37%	13.19%	13.84%	9.25%	6.74%	5.84%	13.23%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.60%	0.49%	0.47%	0.90%	0.81%	0.48%	0.66%	0.82%	0.41%	-0.24%	0.41%
Return on Assets (ROA)	0.38%	0.30%	0.25%	0.57%	0.68%	0.32%	0.65%	0.54%	0.28%	0.33%	0.15%
Return on Common Equity (ROCE)	6.90%	8.36%	8.72%	10.58%	10.78%	9.01%	9.25%	6.47%	5.11%	4.58%	10.43%
Return on Equity Simple (ROE_SIMPLE)	13.80%	0.00%	15.68%	21.96%	21.38%	0.00%	23.89%	14.69%	11.41%	0.00%	25.58%
Net Operating Profit after Tax (NOPAT)	209	197	156	318	345	212	355	319	173	-168	67
NOPAT Margin	10.64%	9.78%	7.99%	15.66%	16.83%	11.67%	19.46%	17.05%	9.42%	-10.83%	5.01%
Net Nonoperating Expense Percent (NNEP)	-0.15%	-0.19%	-0.16%	-0.23%	-0.15%	-0.23%	-0.35%	-0.23%	-0.12%	0.72%	-0.07%
Return On Investment Capital (ROIC_SIMPLE)	2.26%	2.09%	-	-	-	2.28%	-	-	-	-2.03%	-
Cost of Revenue to Revenue	42.41%	49.10%	47.96%	41.47%	41.49%	44.20%	43.83%	36.45%	40.93%	59.55%	39.93%
SG&A Expenses to Revenue	41.85%	37.61%	39.62%	36.99%	38.96%	42.50%	39.33%	41.15%	45.56%	0.00%	46.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	45.40%	41.19%	42.59%	40.14%	41.74%	45.79%	42.57%	44.47%	48.77%	47.01%	51.60%
Earnings before Interest and Taxes (EBIT)	240	195	185	374	344	182	248	357	189	-102	114
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	302	251	240	430	400	239	305	414	248	-46	174
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.48	1.65	1.65	1.77	1.85	1.78	2.20	1.86	1.71	1.71	1.40
Price to Tangible Book Value (P/TBV)	2.38	2.73	2.51	2.94	3.02	2.88	4.64	3.21	2.82	2.40	1.76
Price to Revenue (P/Rev)	0.81	0.82	0.99	0.93	1.02	1.01	0.97	1.04	1.08	0.97	0.76
Price to Earnings (P/E)	12.19	10.58	11.96	8.94	10.19	12.64	10.39	11.90	13.86	12.11	6.17
Dividend Yield	2.58%	2.47%	2.08%	2.25%	1.90%	1.68%	1.54%	1.14%	1.15%	1.35%	1.36%
Earnings Yield	8.20%	9.45%	8.36%	11.18%	9.82%	7.91%	9.63%	8.40%	7.22%	8.26%	16.22%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.60	0.55	0.55	0.59	0.57	0.69	0.65	0.61	0.69	0.56
Long-Term Debt to Equity	0.49	0.53	0.49	0.48	0.52	0.57	0.69	0.62	0.59	0.67	0.53
Financial Leverage	-6.51	-6.49	-6.26	-6.38	-6.39	-7.38	-5.81	-6.27	-5.41	-5.72	-4.49
Leverage Ratio	26.62	26.61	27.40	27.72	27.07	27.48	27.17	26.09	23.38	21.45	19.74
Compound Leverage Factor	19.19	16.38	17.18	20.45	22.58	15.40	18.84	19.22	17.44	-17.46	12.29
Debt to Total Capital	32.99%	37.49%	35.50%	35.45%	37.13%	36.17%	40.86%	39.23%	38.05%	40.98%	35.85%
Short-Term Debt to Total Capital	0.01%	4.15%	3.89%	4.34%	4.21%	0.01%	0.02%	1.57%	1.56%	1.67%	1.55%
Long-Term Debt to Total Capital	32.98%	33.34%	31.61%	31.10%	32.93%	36.16%	40.83%	37.66%	36.49%	39.31%	34.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	20.84%	20.83%	18.26%	20.08%	18.40%	19.61%	21.85%	20.13%	18.88%	19.47%	19.17%
Common Equity to Total Capital	46.17%	41.68%	46.24%	44.47%	44.47%	44.22%	37.29%	40.64%	43.07%	39.56%	44.97%
Debt to EBITDA	2.56	3.00	3.17	2.67	2.91	3.15	3.93	4.82	5.95	4.72	1.54
Net Debt to EBITDA	-33.34	-32.14	-34.86	-31.88	-32.58	-36.43	-37.10	-46.13	-59.73	-57.04	-35.56
Long-Term Debt to EBITDA	2.56	2.67	2.82	2.34	2.58	3.15	3.93	4.62	5.71	4.53	1.47
Debt to NOPAT	3.57	3.53	4.16	3.09	3.33	3.27	4.70	7.21	9.89	5.61	1.34
Net Debt to NOPAT	-46.45	-37.83	-45.76	-36.96	-37.34	-37.80	-44.38	-69.01	-99.29	-67.82	-30.84
Long-Term Debt to NOPAT	3.57	3.14	3.70	2.71	2.96	3.27	4.70	6.92	9.49	5.38	1.28
Altman Z-Score	0.11	0.11	0.11	0.11	0.30	0.11	0.37	0.37	0.37	0.10	0.87
Noncontrolling Interest Sharing Ratio	30.22%	32.02%	32.02%	32.09%	29.86%	31.75%	33.13%	30.05%	24.19%	21.70%	21.16%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	12.86	5.69	5.69	5.44	72.84	11.10	17,766.00	259.27	261.87	30.93	679.10
Quick Ratio	11.99	5.27	5.39	4.99	71.88	10.26	17,525.00	256.16	259.48	27.94	675.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,666	-854	6,030	4,304	3,931	-3,101	3,189	-4,299	-93	3,801	-6,133
Operating Cash Flow to CapEx	-54.74%	16.56%	217.22%	33.09%	378.69%	124.66%	660.66%	486.39%	124.80%	41.40%	564.86%
Free Cash Flow to Firm to Interest Expense	24.87	-11.39	87.40	43.92	68.97	-38.76	41.96	-45.73	-1.94	0.00	-142.62
Operating Cash Flow to Interest Expense	-2.67	1.05	10.42	3.22	4.05	4.55	5.30	7.61	3.25	0.00	9.72
Operating Cash Flow Less CapEx to Interest Expense	-7.55	-5.31	5.62	-6.52	2.98	0.90	4.50	6.04	0.65	0.00	8.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.05
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-34,419	-32,564	-33,265	-32,642	-32,962	-33,615	-27,391	-28,656	-29,376	-36,928	-24,557
Invested Capital Turnover	-0.24	-0.24	-0.26	-0.25	-0.24	-0.21	-0.27	-0.21	-0.21	-0.17	-0.27
Increase / (Decrease) in Invested Capital	-1,457	1,051	-5,874	-3,986	-3,586	3,313	-2,834	4,618	266	-3,969	6,200
Enterprise Value (EV)	-32,329	-29,946	-30,195	-29,520	-29,435	-30,362	-23,653	-25,464	-26,553	-34,538	-67,823
Market Capitalization	6,473	6,623	7,789	7,165	7,680	7,446	6,865	6,889	6,777	5,739	5,741
Book Value per Share	$45.88	$41.62	$47.99	$40.15	$41.24	$40.14	$29.56	$37.62	$40.64	$34.46	$41.80
Tangible Book Value per Share	$28.53	$25.20	$31.62	$24.22	$25.26	$24.77	$13.98	$21.81	$24.70	$24.61	$33.38
Total Capital	9,493	9,610	10,205	9,092	9,339	9,483	8,385	9,097	9,180	8,466	9,101
Total Debt	3,132	3,603	3,623	3,223	3,468	3,430	3,426	3,569	3,493	3,469	3,263
Total Long-Term Debt	3,131	3,204	3,226	2,828	3,075	3,429	3,424	3,426	3,350	3,328	3,122
Net Debt	-40,780	-38,571	-39,847	-38,511	-38,833	-39,668	-32,350	-34,184	-35,063	-41,925	-75,309
Capital Expenditures (CapEx)	327	477	331	955	61	292	61	147	125	529	74
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-37	-29	-134	0.00	378	-60	7,254	7,215	6,903	422	24,896
Debt-free Net Working Capital (DFNWC)	3,405	3,824	3,939	3,549	28,625	3,758	35,532	37,075	37,447	4,361	95,753
Net Working Capital (NWC)	3,404	3,425	3,542	3,154	28,232	3,757	35,530	36,932	37,304	4,220	95,612
Net Nonoperating Expense (NNE)	58	76	58	83	57	93	109	84	44	-305	25
Net Nonoperating Obligations (NNO)	-40,780	-38,571	-39,847	-38,511	-38,833	-39,668	-32,350	-34,184	-35,063	-41,925	-30,395
Total Depreciation and Amortization (D&A)	62	56	55	56	56	57	57	57	59	56	60
Debt-free, Cash-free Net Working Capital to Revenue	-0.46%	-0.36%	-1.71%	0.00%	5.00%	-0.82%	102.40%	109.22%	110.29%	7.12%	327.75%
Debt-free Net Working Capital to Revenue	42.73%	47.50%	50.12%	45.94%	378.44%	51.14%	501.58%	561.23%	598.29%	73.54%	1,260.57%
Net Working Capital to Revenue	42.72%	42.55%	45.07%	40.82%	373.24%	51.13%	501.55%	559.07%	596.01%	71.16%	1,258.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.45	$1.02	$1.00	$2.00	$2.29	$1.19	$2.35	$1.50	$0.70	$1.87	$1.98
Adjusted Weighted Average Basic Shares Outstanding	96.29M	95.53M	96.22M	98.32M	100.70M	101.61M	104.47M	105.78M	98.27M	97.29M	97.17M
Adjusted Diluted Earnings per Share	$1.42	$0.99	$0.98	$1.96	$2.24	$1.09	$2.29	$1.41	$0.63	$1.70	$1.82
Adjusted Weighted Average Diluted Shares Outstanding	96.29M	95.53M	96.22M	98.32M	100.70M	101.61M	104.47M	105.78M	98.27M	97.29M	97.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	96.29M	95.53M	96.22M	98.32M	100.70M	101.61M	104.47M	105.78M	98.27M	97.29M	97.17M
Normalized Net Operating Profit after Tax (NOPAT)	209	137	156	318	241	127	174	319	173	-71	67
Normalized NOPAT Margin	10.64%	6.79%	7.99%	15.66%	11.74%	7.00%	9.52%	17.05%	9.42%	-4.59%	5.01%
Pre Tax Income Margin	8.79%	5.97%	5.93%	13.58%	13.99%	5.61%	9.44%	14.06%	7.68%	5.34%	5.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.58	2.60	2.68	3.82	6.04	2.28	3.26	3.80	3.94	0.00	2.65
NOPAT to Interest Expense	3.13	2.62	2.27	3.25	6.06	2.65	4.67	3.39	3.60	0.00	1.57
EBIT Less CapEx to Interest Expense	-1.30	-3.76	-2.12	-5.93	4.96	-1.38	2.46	2.23	1.33	0.00	0.93
NOPAT Less CapEx to Interest Expense	-1.75	-3.74	-2.53	-6.50	4.99	-1.00	3.86	1.83	1.00	0.00	-0.15
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-339.83%	-191.64%	-162.43%	-84.23%	-41.55%	-83.54%	-140.83%	-200.74%	-291.80%	-241.80%	-116.14%
Augmented Payout Ratio	-262.48%	-105.39%	-70.95%	-21.73%	19.37%	-32.92%	-112.45%	-170.90%	-236.36%	-68.59%	-14.90%

Frequently Asked Questions About Voya Financial's Financials

When does Voya Financial's financial year end?

According to the most recent income statement we have on file, Voya Financial's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Voya Financial's net income changed over the last 8 years?

Voya Financial's net income appears to be on an upward trend, with a most recent value of $742 million in 2024, rising from $538 million in 2015. The previous period was $729 million in 2023. Find out what analysts predict for Voya Financial in the coming months.

What is Voya Financial's operating income?

Voya Financial's total operating income in 2024 was $1.10 billion, based on the following breakdown:

Total Gross Profit: $4.43 billion
Total Operating Expenses: $3.33 billion

How has Voya Financial revenue changed over the last 8 years?

Over the last 8 years, Voya Financial's total revenue changed from $8.72 billion in 2015 to $8.05 billion in 2024, a change of -7.6%.

How much debt does Voya Financial have?

Voya Financial's total liabilities were at $157.88 billion at the end of 2024, a 4.5% increase from 2023, and a 21.8% decrease since 2015.

How much cash does Voya Financial have?

In the past 8 years, Voya Financial's cash and equivalents has ranged from $1.01 billion in 2022 to $2.51 billion in 2015, and is currently $1.51 billion as of their latest financial filing in 2024.

How has Voya Financial's book value per share changed over the last 9 years?

Over the last 9 years, Voya Financial's book value per share changed from 62.40 in 2015 to 41.62 in 2024, a change of -33.3%.

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This page (NYSE:VOYA) was last updated on 5/24/2025 by MarketBeat.com Staff

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Voya Financial (VOYA) Financials

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