|JXN Overview
JXN

Jackson Financial Inc.

Financials • CIK: 0001822993

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Market Cap
$7.57B
P/E (TTM)
-507.9x
Rev Growth (TTM)
+104.3%
Net Margin (TTM)
-0.3%
FCF Yield (TTM)
76.1%
FCF Margin (TTM)
86.2%

LATEST EARNINGS

Q3 FY2025
4 months ago
View source
Revenue
$1.42B
-33.2%
Net Income
$65.00M
EPS
$0.92
Operating
35.7% +16.3%
Net
4.6% +27.2%
  • Adjusted operating earnings increased 24% to $433 million, or $6.16 per diluted share, compared to $350 million, or $4.60 per diluted share in Q3 2024.
  • Retail annuity sales grew 2% to $5.4 billion, with record registered index-linked annuity (RILA) sales up 28% to $2.1 billion.
  • Institutional sales increased 34% to $1 billion for the quarter.
  • Free cash flow was $216 million in Q3 2025, and nearly $1 billion over the trailing twelve months.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$5.8B
Q4 '25
$1.6B+18%
Q3 '25
$1.4B+17%
FCF Margin
TTM86.2%
Q4 '2581.5%-16%
Sector: 22.2%Top 10%
OCF Margin86.2%
OCF/NI-338.71x
CapEx Coverage
FCF Yield76.1%
FCF Growth (2Y)+3%
Cash Conversion Cycle
0 days
DSO: 0+DIO: DPO:

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM11.8%
Div Yield3.0%
+
Buyback (TTM)8.8%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)3.0%
FCF Payout Ratio3.9%
Free Cash Flow (TTM)$5.8B
Stock Repurchases (TTM)$669.0M
Capital Return / FCF15.6%
Est. Dividends Paid (TTM)$227.1M
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
P25MedianP75
(med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
Asset Turnover
0.02x
8Q: 0.02x
Leverage (1+D/E)
1.00x
D/E: 0.00x
Asset & CapEx Efficiency
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q3 2024Q1 2024
Revenue
$6.7B
$2.0B40.4%
$1.4B400.6%
$-471.0M112.6%
$3.8B1566.7%
$225.0M89.4%
$2.1B70.1%
$1.2B487.3%
$-322.0M
Operating Income
$3.9B
$1.3B79.9%
$702.0M160.9%
$-1.2B137.5%
$3.1B720.8%
$-495.0M135.9%
$1.4B142.4%
$569.0M156.5%
$-1.0B
Net Income
$-17.0M
$-215.0M430.8%
$65.0M61.3%
$168.0M580.0%
$-35.0M110.5%
$334.0M169.6%
$-480.0M281.8%
$264.0M66.3%
$784.0M
Operating Cash Flow
$5.8B
$1.6B18.3%
$1.4B16.8%
$1.2B26.4%
$1.6B4.5%
$1.5B11.8%
$1.4B7.7%
$1.5B3.6%
$1.4B
Free Cash Flow
$5.8B
$1.6B18.3%
$1.4B16.8%
$1.2B26.4%
$1.6B4.5%
$1.5B11.8%
$1.4B7.7%
$1.5B3.6%
$1.4B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
-507.9x
Volatile
8Q: 13.1x+870%
Valuation Lenses
Earnings
-507.9x
vs sector
Cash Flow
0.6x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
P/E per %ROIC
ROIC: –
Shareholder Returns
Dividend
3.0%
Buyback
8.8%
Total Yield
11.8%
Market Cap$7.57B
EV$3.34B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
0/100
Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Bottom 25%
-0.2%
8Q:
Return on Invested Capital (ROIC)
8Q:
vs Sector:0.1%

Earnings Quality

Cash Conversion

-338.71x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover

Working Capital

Cash Conversion Cycle0 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
72/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
104.3%
OpInc Growth YoY
355.2%
EPS Growth YoY
N/A
FCF 3Y CAGR
3.4%

Growth Quality Analysis

Working Capital Drag: FCF growth lagging revenue by 100.9%
Sustainability Index: 7.5/10 - Highly sustainable growth

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
Operating
Net
-0.3%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+86.4 pts
FCF: 86.2% | Net: -0.3%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $5.66B
Interest Coverage
+Net cash position: $5.66B
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis