(VOYA) Voya Financial - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US9290891004

Retirement Plans, Investment Management, Health Insurance, Wealth Advisory

EPS (Earnings per Share)

EPS (Earnings per Share) of VOYA over the last years for every Quarter: "2020-12": 1.9, "2021-03": 1.7, "2021-06": 2.2, "2021-09": 2.57, "2021-12": 1.9, "2022-03": 1.47, "2022-06": 1.67, "2022-09": 2.3, "2022-12": 1.77, "2023-03": 1.69, "2023-06": 2.31, "2023-09": 2.07, "2023-12": 1.97, "2024-03": 1.88, "2024-06": 2.27, "2024-09": 2.12, "2024-12": 1.5, "2025-03": 2.15, "2025-06": 2.4, "2025-09": 1.8, "2025-12": 0,

Revenue

Revenue of VOYA over the last years for every Quarter: 2020-12: 2224, 2021-03: -1957, 2021-06: 2503, 2021-09: 2009, 2021-12: 1401, 2022-03: 1506, 2022-06: 1524, 2022-09: 1345, 2022-12: 1555, 2023-03: 1835, 2023-06: 1871, 2023-09: 1823, 2023-12: 1819, 2024-03: 2051, 2024-06: 2033, 2024-09: 1956, 2024-12: 2010, 2025-03: 1969, 2025-06: 1981, 2025-09: 2128, 2025-12: null,

Dividends

Dividend Yield 2.57%
Yield on Cost 5y 3.49%
Yield CAGR 5y 27.21%
Payout Consistency 95.0%
Payout Ratio 23.2%
Risk via 5d forecast
Volatility 29.5%
Value at Risk 5%th 47.7%
Relative Tail Risk -1.56%
Reward TTM
Sharpe Ratio 0.41
Alpha -5.59
CAGR/Max DD 0.15
Character TTM
Hurst Exponent 0.520
Beta 1.208
Beta Downside 1.415
Drawdowns 3y
Max DD 34.55%
Mean DD 9.50%
Median DD 8.66%

Description: VOYA Voya Financial January 08, 2026

Voya Financial, Inc. (NYSE:VOYA) operates three core segments-Wealth Solutions, Health Solutions, and Investment Management-delivering retirement, insurance, and asset-management services to a broad client base that includes corporations, schools, hospitals, governments, and individual investors.

The Wealth Solutions segment provides full-service retirement plans, recordkeeping, stable-value and fixed-income products, and non-qualified plan administration, complemented by wealth-management tools such as IRAs, managed accounts, and brokerage services. In 2023, this segment generated approximately $1.1 billion in revenue, driven in part by an aging workforce that is increasing demand for retirement-security solutions.

Health Solutions offers a suite of group insurance products-including stop-loss, life, disability, critical illness, and accident coverage-as well as worksite benefits, health-account platforms, and leave-management services. The segment’s growth is closely linked to employer-driven health-care cost containment, with 2023 enrollment figures up 4% year-over-year as employers seek cost-effective risk-transfer options.

The Investment Management arm delivers fixed-income, equity, multi-asset, and alternative strategies through direct sales, consultant channels, and broker-dealer networks. Assets under management (AUM) reached $85 billion at year-end 2023, reflecting a 6% increase driven by higher demand for diversified, low-volatility products amid a prolonged low-interest-rate environment.

Key sector drivers for Voya include demographic aging, regulatory changes in retirement plan fiduciary standards, and the broader macro-economic backdrop of interest-rate volatility, which can affect both the pricing of stable-value products and the performance of fixed-income portfolios.

For a deeper dive into Voya’s valuation metrics and scenario analysis, consider exploring the detailed dashboards on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income: 611.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.00 > 0.02 and ΔFCF/TA -0.52 > 1.0
NWC/Revenue: 475.5% < 20% (prev 481.1%; Δ -5.63% < -1%)
CFO/TA 0.00 > 3% & CFO 810.0m > Net Income 611.0m
Net Debt (1.94b) to EBITDA (1.05b): 1.84 < 3
Current Ratio: 66.63 > 1.5 & < 3
Outstanding Shares: last quarter (97.0m) vs 12m ago -3.39% < -2%
Gross Margin: 50.68% > 18% (prev 0.48%; Δ 5020 % > 0.5%)
Asset Turnover: 4.70% > 50% (prev 4.71%; Δ -0.01% > 0%)
Interest Coverage Ratio: 3.43 > 6 (EBITDA TTM 1.05b / Interest Expense TTM 230.0m)

Altman Z'' 1.47

A: 0.22 (Total Current Assets 39.04b - Total Current Liabilities 586.0m) / Total Assets 177.45b
B: 0.01 (Retained Earnings 1.30b / Total Assets 177.45b)
C: 0.00 (EBIT TTM 788.0m / Avg Total Assets 172.19b)
D: -0.00 (Book Value of Equity -476.0m / Total Liabilities 170.37b)
Altman-Z'' Score: 1.47 = BB

Beneish M

DSRI: 0.92 (Receivables 10.84b/11.49b, Revenue 8.09b/7.86b)
GMI: 0.96 (GM 50.68% / 48.48%)
AQI: none (AQ_t none / AQ_t-1 none)
SGI: 1.03 (Revenue 8.09b / 7.86b)
TATA: -0.00 (NI 611.0m - CFO 810.0m) / TA 177.45b)
Beneish M-Score: cannot calculate (missing components)

ValueRay F-Score (Strict, 0-100) 60.33

1. Piotroski: 4.50pt
2. FCF Yield: -4.52%
3. FCF Margin: 10.01%
4. Debt/Equity: 0.65
5. Debt/Ebitda: 1.84
6. ROIC - WACC: 1.32%
7. RoE: 13.60%
8. Revenue Trend: 88.51%
9. EPS Trend: -29.05%

What is the price of VOYA shares?

As of January 23, 2026, the stock is trading at USD 76.69 with a total of 927,033 shares traded.
Over the past week, the price has changed by -2.08%, over one month by +1.12%, over three months by +4.71% and over the past year by +13.06%.

Is VOYA a buy, sell or hold?

Voya Financial has received a consensus analysts rating of 3.58. Therefor, it is recommend to hold VOYA.
  • Strong Buy: 2
  • Buy: 4
  • Hold: 5
  • Sell: 1
  • Strong Sell: 0

What are the forecasts/targets for the VOYA price?

Issuer Target Up/Down from current
Wallstreet Target Price 86.8 13.2%
Analysts Target Price 86.8 13.2%
ValueRay Target Price 82.8 7.9%

VOYA Fundamental Data Overview January 22, 2026

P/E Trailing = 12.5265
P/E Forward = 7.0274
P/S = 0.8736
P/B = 1.4068
P/EG = 1.19
Revenue TTM = 8.09b USD
EBIT TTM = 788.0m USD
EBITDA TTM = 1.05b USD
Long Term Debt = 2.62b USD (from longTermDebt, last quarter)
Short Term Debt = 586.0m USD (from shortTermDebt, last quarter)
Debt = 3.21b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.94b USD (from netDebt column, last quarter)
Enterprise Value = -17.93b USD (7.07b + Debt 3.21b - CCE 28.21b)
Interest Coverage Ratio = 3.43 (Ebit TTM 788.0m / Interest Expense TTM 230.0m)
EV/FCF = -22.14x (Enterprise Value -17.93b / FCF TTM 810.0m)
FCF Yield = -4.52% (FCF TTM 810.0m / Enterprise Value -17.93b)
FCF Margin = 10.01% (FCF TTM 810.0m / Revenue TTM 8.09b)
Net Margin = 7.55% (Net Income TTM 611.0m / Revenue TTM 8.09b)
Gross Margin = 50.68% ((Revenue TTM 8.09b - Cost of Revenue TTM 3.99b) / Revenue TTM)
Gross Margin QoQ = 55.64% (prev 52.75%)
Tobins Q-Ratio = -0.10 (set to none) (Enterprise Value -17.93b / Total Assets 177.45b)
Interest Expense / Debt = 1.87% (Interest Expense 60.0m / Debt 3.21b)
Taxrate = 11.40% (35.0m / 307.0m)
NOPAT = 698.2m (EBIT 788.0m * (1 - 11.40%))
Current Ratio = 66.63 (Total Current Assets 39.04b / Total Current Liabilities 586.0m)
Debt / Equity = 0.65 (Debt 3.21b / totalStockholderEquity, last quarter 4.96b)
Debt / EBITDA = 1.84 (Net Debt 1.94b / EBITDA 1.05b)
Debt / FCF = 2.39 (Net Debt 1.94b / FCF TTM 810.0m)
Total Stockholder Equity = 4.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.35% (Net Income 611.0m / Total Assets 177.45b)
RoE = 13.60% (Net Income TTM 611.0m / Total Stockholder Equity 4.49b)
RoCE = 11.07% (EBIT 788.0m / Capital Employed (Equity 4.49b + L.T.Debt 2.62b))
RoIC = 8.97% (NOPAT 698.2m / Invested Capital 7.78b)
WACC = 7.65% (E(7.07b)/V(10.28b) * Re(10.37%) + D(3.21b)/V(10.28b) * Rd(1.87%) * (1-Tc(0.11)))
Discount Rate = 10.37% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.79%
[DCF Debug] Terminal Value 79.02% ; FCFF base≈1.14b ; Y1≈1.11b ; Y5≈1.11b
Fair Price DCF = 201.0 (EV 21.06b - Net Debt 1.94b = Equity 19.12b / Shares 95.2m; r=7.65% [WACC]; 5y FCF grow -3.79% → 2.90% )
EPS Correlation: -29.05 | EPS CAGR: -43.73% | SUE: -4.0 | # QB: 0
Revenue Correlation: 88.51 | Revenue CAGR: 11.79% | SUE: 0.63 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.22 | Chg30d=-0.008 | Revisions Net=-1 | Analysts=9
EPS next Year (2026-12-31): EPS=10.07 | Chg30d=-0.175 | Revisions Net=-7 | Growth EPS=+11.6% | Growth Revenue=+6.0%

Additional Sources for VOYA Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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