Brighthouse Financial, Inc.
—- Market cap
- $3.08B
- Debt
- +$3.16B
- Cash
- —
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 49% equity / 51% debt
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: BHF stock price at discount vs TWO $53.58 current versus $365.35 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at TWO's multiple
Implied fair value · at BHF's multiple
Snapshot Aug 23, 8:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: BHF FY 2025 (ended Dec 31, 2025) · TWO FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 49% equity / 51% debt
Capital structure 13% equity / 87% debt · EV / Revenue 21.83x · EV / EBITDA 212.54x
TWO carries the larger enterprise value at $8.99B against $6.24B; BHF trades on the lower EV / Revenue multiple (0.92x vs 21.83x); BHF on the lower EV / EBITDA (10.06x vs 212.54x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Brighthouse Financial, Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
TWO HARBORS INVESTMENT CORP. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.47x
4.79x
Net debt / EBITDA
Leverage against operating earnings
—
182.30x
Cash and equivalents
Liquid reserves on the balance sheet
—
$842.32M
Total debt
Interest-bearing obligations outstanding
$3.16B
$8.56B
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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