Manulife Financial Corporation logo MFC - Manulife Financial Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 8
HOLD 6
SELL 0
STRONG
SELL 0
| PRICE TARGET: $34.24 DETAILS
HIGH: $51.00
LOW: $22.28
MEDIAN: $29.44
CONSENSUS: $34.24
DOWNSIDE: 19.45%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue
Revenue 53,014 (7,288) (7,037) 24,159 59,841 77,121 77,822 37,264 56,650 51,691 32,815 53,069 17,485 28,076 49,982 37,618 40,107 33,003 35,581 34,194 32,689 26,967 16,506 16,532 16,231 14,152 14,108.4 10,528.4
Cost of Revenue 39,489 (20,918) (17,719) 22,515 41,205 59,867 60,763 20,298 44,332 38,841 21,411 41,568 6,661 20,611 42,821 27,587 30,081 22,201 24,194.3 16,672.3 17,116.6 18,869.8 9,260.8 9,986.7 9,800.6 7,302.5 888.2 752.1
Gross Profit 13,525 13,630 10,682 1,644 18,636 17,254 17,059 16,966 12,318 12,850 11,404 11,501 10,824 7,465 7,161 10,031 10,026 10,802 11,386.7 17,521.7 15,572.4 8,097.2 7,245.2 6,545.3 6,430.4 6,849.5 13,220.2 9,776.3
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 4,901 4,859 4,330 3,731 7,828 7,510 7,686 7,957 7,233 6,995 6,221 4,772 4,618 4,415 4,061 7,739 7,662 7,781 7,443 3,352 3,378 3,050 2,011 2,490 2,478 2,191 0 0
Other Expenses 1,530 1,681 (100) 1,051 2,683 2,973 3,153 3,490 2,584 2,526 2,565 2,465 2,459 1,807 2,952 4,617 2,516 2,444 (1,662.3) 8,833.7 7,872.4 1,622.2 3,389.2 2,381.3 2,589.4 3,317.5 180.0 156.8
Operating Expenses 6,431 6,540 4,230 4,782 10,511 10,483 10,839 11,447 9,817 9,521 8,786 7,237 7,077 6,222 7,013 12,356 10,178 10,225 5,780.7 12,185.7 11,250.4 4,672.2 5,400.2 4,871.3 5,067.4 5,508.5 180.0 156.8
Operating Income
Operating Income 7,094 7,090 6,452 (3,138) 8,125 6,771 6,220 5,519 2,501 3,329 2,618 4,264 3,747 1,243 148 (2,325) (152) 577 5,606 5,336 4,322 3,425 1,845 1,674 1,363 1,341 13,040.2 9,619.4
Interest Expense 1,530 1,679.9 1,554.1 1,041.8 1,018.7 1,183.7 1,355.0 1,271.0 1,155.7 1,020.5 1,098.2 1,081.1 992.2 936.1 1,246.5 1,082.9 1,302.0 1,038.2 1,027.9 961.3 786.2 633.9 385 243 257 191 180.0 156.8
Interest Income 19,080 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 9,500.3 7,264 8,587 (3,561) 9,665 8,608 8,165 7,541 4,200 5,035 4,299 5,857 5,218 2,567 1,742 (965) 1,453 2,017 6,919 6,502 4,361 3,446 2,230 1,917 1,620 1,532 180.0 156.8
EBIT 8,624 8,771 8,006 (2,087) 9,136 7,952 7,539 6,794 3,640 4,342 3,719 5,395 4,792 2,177 1,397 (1,281) 1,149 1,764 6,638 6,268 5,110 4,054 2,230 1,917 1,620 1,532 180.0 156.8
Income Before Tax 7,094 7,090 6,452 (3,138) 8,125 6,771 6,220 5,519 2,501 3,329 2,618 4,264 3,747 1,243 148 (2,325) (152) 577 5,606 5,336 4,322 3,425 1,845 1,674 1,363 1,341 1,172.7 943.7
Income Tax Expense 1,034 1,212 845 (1,159) 1,213 1,195 718 632 239 196 328 671 581 (492) (97) (799) (1,572) 80 1,377 1,366 1,031 874 316 304 196 273 303.3 239.1
Net Income 5,782 5,631 5,463 (2,100) 6,657 5,326 5,269 4,673 2,068 2,990 2,221 3,522 3,118 1,707 218 (1,663) 1,402 517 4,302 3,970 3,291 2,551 1,529 1,370 1,167 1,068 869.3 704.5
Per Share Data
EPS (Basic) 3.08 2.85 2.62 -1.10 3.55 2.94 2.77 2.36 0.98 1.42 1.06 1.82 1.63 0.90 0.02 -0.22 0.82 0.32 2.81 2.53 2.05 1.83 1.66 1.45 1.20 1.11 0.88 0.73
EPS (Diluted) 3.07 2.84 2.61 -1.10 3.54 2.93 2.77 2.35 0.98 1.41 1.05 1.80 1.62 0.88 0.02 -0.22 0.82 0.32 2.78 2.51 2.03 1.81 1.66 1.44 1.19 1.11 0.88 0.73
Shares Outstanding 1,703 1,779 1,834 1,910 1,942 1,941 1,958 1,979.5 1,978 1,973 1,957.5 1,880 1,880 1,880 1,880 1,880 1,880 1,880 1,880 1,880 1,880 1,880 1,880 1,880 1,880 1,880 1,880 1,880
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Current Assets
Cash & Cash Equivalents 14,899.8 25,789 20,338 19,153 22,594 26,167 20,300 16,215 15,965 15,151 17,885 21,079 13,630 13,386 12,813 0 0 0 12,354 10,901 9,360 8,517 5,877 5,143 4,995 3,783 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 97,977 0 11,791 18,780 17,269 0 8,422 4,448 8,517 861 1,041 693 884 0 0
Net Receivables 61,025.2 0 0 1,448 1,294 1,444 1,385 1,369 1,148 845 878 737 734 1,009 781 0 0 0 0 0 0 0 0 0 0 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 (20,338) 68,332 27,189 31,127 24,701 21,723 20,073 18,702 21,236 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 75,925.1 25,789 0 20,601 23,888 27,611 21,685 17,584 17,113 15,996 39,999 21,816 14,364 14,493 13,594 11,791 18,780 17,269 12,354 10,745 13,808 17,034 6,738 6,184 5,688 4,667 0 0
Non-Current Assets
Property, Plant & Equipment 0 2,674 2,591 1,878 1,812 1,850 381 2,016 1,281 1,376 1,379 831 0 0 0 0 0 0 5,691.7 5,898.8 5,302.2 4,662.0 3,975.0 3,583.0 3,494.3 3,266.9 3,189.0 2,968.7
Goodwill 6,871.4 6,275 5,919 6,014 5,651 5,714 5,743 5,864 5,713 5,884 5,685 3,181 3,110 3,100 3,404 5,941 7,122 7,929 6,721 7,461 7,501 7,332 589 634 595 0 0 0
Intangible Assets 5,442.6 4,777 4,391 4,505 4,264 4,215 4,232 4,233 4,127 4,223 3,699 2,280 2,188 2,013 2,038 1,916 2,005 1,866 1,573 1,708 1,742 1,806 1.6 0 0 0 0 0
Long-Term Investments 915,151.6 244,346 237,680 227,423 252,206 242,446 220,973 204,773 195,545 188,118 174,810 148,989 128,032 131,276 130,730 123,826 113,575 108,771 151,976 114,431 116,659 122,934 48,943 54,616 53,727 38,775 0 0
Other Non-Current Assets 15,470.4 694,957 (250,581) (8,586) (7,066) (6,692) (4,955) (6,334) (5,850) (5,815) (5,446) (154,450) (133,330) (136,389) (136,172) (131,683) (122,702) (249) (68,011) (129,498.8) (131,204.2) (136,734.0) (1.6) (58,833.0) (595) (42,041.9) (3,189.0) (2,968.7)
Total Non-Current Assets 948,672.3 953,029 0 237,942 262,121 252,375 230,948 214,870 205,385 198,225 184,194 154,450 133,330 136,389 136,172 131,683 122,702 118,566 97,950.7 129,498.8 131,204.2 136,734.0 53,507.0 58,833.0 57,221.3 38,775 0 0
Total Assets 1,024,597.3 978,818 875,574 833,689 917,643 880,349 809,130 750,271 729,533 720,681 702,871 579,406 513,628 484,998 461,977 424,767 205,140 211,025 176,458 186,169 181,810 184,246 77,516 81,195 78,613 60,160.0 56,887.2 52,501.2
Current Liabilities
Account Payables 0 0 0 13,642 12,134 11,487 10,776 10,519 9,462 9,418 9,014 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 1,739.6 0 594 615 0 0 0 0 0 7 150 0 0 0 0 978 1,291 1,876 2,085 2,860 2,900 2,881 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 121 0 178 387 527 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities (1,739.6) 0 (594) 340,787 5,251 4,837 (11,018) 4,398 (9,818) (10,199) (10,218) 0 0 0 0 (978) (1,291) (1,876) (2,085) (2,860) (2,900) (2,881) 0 0 0 0 0 0
Total Current Liabilities 0 0 0 355,044 17,742 16,411 11,018 15,035 9,818 10,199 10,218 0 0 0 0 978 0 0 0 0 0 0 0 0 693 0 0 0
Non-Current Liabilities
Long-Term Debt 12,923.5 14,161 12,144 11,741 11,862 13,993 11,663 13,501 13,171 12,869 9,398 9,311 9,160 8,953 5,503 5,841 3,308 3,689 1,820 1,930 2,457 2,948 1,123 1,436 1,418 588 583.4 625.1
Deferred Tax Liabilities 2,016.4 1,890 1,697 2,774 2,769 2,614 1,972 1,814 1,281 1,359 1,235 1,228 617 694 766 1,393 1,178 1,969 0 0 1,337 980 170 0 0 0 0 0
Other Non-Current Liabilities 957,212.3 909,807 (13,841) (14,515) (14,631) (16,607) (13,635) (15,315) (14,452) (14,228) (10,633) (10,539) (9,777) (9,647) (6,269) (398) (4,594) (5,785) (1,927) 1,132 (3,794) (7,595) (1,293) (1,436) (1,418) (588) (583.4) (625.1)
Total Non-Current Liabilities 972,152.1 925,858 0 (615) 1,056 0 649 0 399 0 0 0 0 0 0 6,964 4,594 5,785 1,927 7,504 3,794 7,595 0 0 1,418 588.8 583.9 625.1
Total Liabilities 972,152.1 925,858 826,847 792,562 881,328 827,343 759,024 703,120 687,370 677,858 660,933 545,480 484,595 459,960 437,223 190,799 176,938 183,570 152,123 160,311 158,677 161,009 68,221 71,388 69,256 52,557 48,923.2 45,690.7
Stockholders' Equity
Common Stock 20,086.6 20,681 21,527 22,178 23,093 23,042 23,127 22,961 22,989 22,865 22,799 20,556 20,234 19,886 19,560 0 18,937 16,157 14,000 14,248 14,490 14,646 0 596 614 612 0 0
Retained Earnings 5,019.9 4,764 4,819 3,947 9,656 18,887 15,488 12,704 10,083 9,759 8,398 7,624 5,294 3,178 2,501 3,393 12,870 12,796 14,388 13,512 8,742.4 8,190.6 8,327.3 8,060 7,617 6,554.8 5,783.6 0
Accumulated Other Comprehensive Income 18,120.2 18,663 13,811 13,853 5,180 6,323 6,447 6,212 4,087 5,347 6,992 2,166 46 (369) 96 (5,642) (4,584) (2,641) 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 50,957 51,539 47,296 46,799 57,175 51,551 48,895 46,058 41,234 42,080 41,346 33,462 28,657 25,595 24,464 26,714 28,827 27,393 24,253 25,656 23,787 23,445 9,258 8,748 8,293 7,211 7,211.7 6,735.1
Total Liabilities & Equity 1,024,597.3 978,818 875,574 848,941 917,643 880,349 809,130 750,271 729,533 720,681 702,871 579,406 513,628 484,998 461,977 217,672 205,140 211,025 176,458 186,169 181,810 184,246 77,516 81,195 78,613 60,160.0 56,887.2 52,501.2
Debt Metrics
Total Debt 14,663.0 14,161 12,738 12,356 11,862 13,993 11,663 13,501 13,171 12,876 9,548 9,311 9,160 8,953 5,503 6,421 4,599 5,565 3,905 4,790 5,357 5,829 1,123 1,436 1,418 588 583.4 625.1
Net Debt (236.8) (11,628) (7,600) (6,797) (10,732) (12,174) (8,637) (2,714) (2,794) (2,275) (8,337) (11,768) (4,470) (4,531) (7,310) (5,030) 4,599 5,565 (8,449) (6,111) (4,003) (2,688) (4,754) (3,707) (3,577) (3,195) 583.4 625.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Operating Activities
Net Income 5,567.5 5,878 5,103 (1,979) 6,912 5,576 5,502 4,887 2,262 3,133 2,290 3,593 3,166 1,692 245 (1,526) 1,420 497 4,229 3,970 3,291 2,565 1,540.4 1,374.4 1,170.1 1,069.4 868.8 704.5
Depreciation & Amortization 876.3 (1,507) 581 (1,474) 529 656 626 747 560 693 580 462 426 390 345 316 304 283 281 234 (749) (675) 0 0 0 0 0 0
Stock-Based Compensation 0 0 2 5 9 14 11 10 15 19 16 14 15 17 23 25 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 34,325.0 22,891 18,747 11,083 10,827 35,889 35,005 3,519 22,243 16,152 6,237 23,952 (11,678) 12,518 24,999 15,261 134 3,195 1,940.3 3,737 5,366.5 (56) 382.5 0 0 0 0 0
Other Non-Cash Items (8,689.9) (1,079) (4,480) 10,987 5,005 (22,367) (20,148) 9,095 (6,958) (2,726) 1,554 (17,313) 17,304 (2,033) (14,534) (2,061) 11,439 4,184 (218.3) (2,260) (1,231.2) 3,286.4 529.2 883.6 (3,902.1) 844.1 2,039.4 (715.4)
Operating Cash Flow 32,078.8 26,494 20,423 16,628 23,155 20,048 20,542 19,188 17,791 17,036 10,334 10,806 9,708 11,080 9,333 11,562 12,022 7,922 7,471 8,046 8,199 5,753 2,655 2,258 (2,732) 1,913.6 2,908.2 (10.9)
Investing Activities
Capital Expenditure 0 0 0 0 24,250 0 80,610 0 0 0 0 0 0 0 0 55,056 0 0 0 0 0 0 0 0 0 0 0 0
Acquisitions (1,276.0) (297) (1) (182) (19) 0 288 187 (10) (495) (3,808) (199) (359) 0 0 (28) (13) (16) 125 (59.3) 0 2,594 0 (139) 10,903 0 0 0
Purchases of Investments (135,359.6) 0 (84,035) 0 (120,978) (111,981) (80,610) 0 0 0 0 0 0 0 0 (76,097) (48,488) (49,567) (53,309) (65,693) (59,187) (47,955) (38,420) (46,259) (48,468) 0 0 0
Sales/Maturities of Investments 108,503.5 0 0 0 96,728 0 65,333 82,111 70,720 82,001 66,950 58,871 57,721 71,550 0 137 511 518 52,434 63,757 116,909 93,056 74,119 91,239 39,718 33,600 0 0
Other Investing Activities (209.8) (18,162) 70,316 (18,218) (24,423) 97,833 (79,451) (101,300) (86,997) (104,245) (77,047) (62,738) (67,909) (82,544) (10,757) (570) 38,184 41,859 509 0.3 (59,187) (48,219) (38,420) (46,259) 0 (33,882.4) (1,927.1) (359.3)
Investing Cash Flow (28,341.9) (18,459) (13,720) (18,400) (24,442) (14,148) (13,830) (19,002) (16,287) (22,739) (13,905) (4,066) (10,547) (10,994) (10,757) (21,502) (9,806) (7,206) (241) (1,995) (1,465) (524) (2,721) (1,418) 2,153 (282.4) (1,927.1) (359.3)
Financing Activities
Net Debt Issuance (796.4) 1,254 (756) 263 (2,166) 3,785 (1,510) (192) 1,444 4,118 (68) 269 516 (134) (105) 2,605 (1,932) (391) (3,172) 2,353 1,443 1,656 421.3 (356) 1,069 (559) 812.7 (28.7)
Stock Repurchased (2,429.0) (3,272) (1,595) (1,884) (612) (253) (1,339) (478) 0 0 0 (800) 0 0 0 0 0 (403) (2,245) (1,631) (1,244.1) (659) (9.0) (728.3) 0 (206) (129.2) 0
Dividends Paid (3,302.3) (3,159) (2,972) (2,787) (2,500) (2,340) (1,398) (1,788) (1,780) (1,593) (1,427) (910) (761) (733) (717) (691) (1,149) (1,524) (1,371) (1,163) (940) (690) (368) (285) (231) (193) 0 0
Other Financing Activities 3,023.5 859 187 1,998 9 (565) 2,063 1,430 226 (189) (548) 635 525 889 1,084 325 1,025 2,134 2,164 (3,997) (5,603) (3,306) 897.2 666 1,020 (1.8) (686.5) 0
Financing Cash Flow (2,047.3) (4,174) (5,042) (2,108) (2,047) 663 (2,080) (724) 14 3,286 (2,006) 21 493 706 655 2,242 1,183 2,070 (4,583) (4,005) (5,808) (2,369) 1,289 (693) 1,860 (959.8) 693.7 (28.7)
Cash Position
Net Change in Cash (39.5) 5,058 1,249 (3,295) (3,653) 6,035 4,166 284 860 (2,764) (3,435) 7,551 133 571 958 (6,991) 1,465 4,924 1,538 2,069 718 2,627 646 147 1,281 669.9 1,675.3 (398.9)
Cash at Beginning 14,939.3 19,884 18,635 21,930 25,583 19,548 15,382 15,098 14,238 17,002 20,437 12,886 12,753 12,280 11,322 18,255 16,790 11,866 10,328 8,262 8,181 5,554 4,908 4,761 3,480 2,814.8 1,143.6 1,529.9
Cash at End 14,899.8 24,942 19,884 18,635 21,930 25,583 19,548 15,382 15,098 14,238 17,002 20,437 12,886 12,851 12,280 11,264 18,255 16,790 11,866 10,331 8,899 8,181 5,554 4,908 4,761 3,484.7 2,818.9 1,131.1
Free Cash Flow 32,078.8 26,494 20,423 16,628 47,405 20,048 101,152 19,188 17,791 17,036 10,334 10,806 9,708 11,080 10,868 66,618 12,022 7,922 7,471 8,046 8,199 5,753 2,655 2,258 (2,732) 1,913.6 2,908.2 (10.9)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Income Statement
Revenue 53,014 (7,288) (7,037) 24,159 59,841 77,121 77,822 37,264 56,650 51,691 32,815 53,069 17,485 28,076 49,982 37,618 40,107 33,003 35,581 34,194 32,689 26,967 16,506 16,532 16,231 14,152 14,108.4 10,528.4
Gross Profit 13,525 13,630 10,682 1,644 18,636 17,254 17,059 16,966 12,318 12,850 11,404 11,501 10,824 7,465 7,161 10,031 10,026 10,802 11,386.7 17,521.7 15,572.4 8,097.2 7,245.2 6,545.3 6,430.4 6,849.5 13,220.2 9,776.3
Operating Income 7,094 7,090 6,452 (3,138) 8,125 6,771 6,220 5,519 2,501 3,329 2,618 4,264 3,747 1,243 148 (2,325) (152) 577 5,606 5,336 4,322 3,425 1,845 1,674 1,363 1,341 13,040.2 9,619.4
Net Income 5,782 5,631 5,463 (2,100) 6,657 5,326 5,269 4,673 2,068 2,990 2,221 3,522 3,118 1,707 218 (1,663) 1,402 517 4,302 3,970 3,291 2,551 1,529 1,370 1,167 1,068 869.3 704.5
EPS (Diluted) 3.07 2.84 2.61 -1.10 3.54 2.93 2.77 2.35 0.98 1.41 1.05 1.80 1.62 0.88 0.02 -0.22 0.82 0.32 2.78 2.51 2.03 1.81 1.66 1.44 1.19 1.11 0.88 0.73
Balance Sheet
Cash & Equivalents 14,899.8 25,789 20,338 19,153 22,594 26,167 20,300 16,215 15,965 15,151 17,885 21,079 13,630 13,386 12,813 0 0 0 12,354 10,901 9,360 8,517 5,877 5,143 4,995 3,783 0 0
Total Assets 1,024,597.3 978,818 875,574 833,689 917,643 880,349 809,130 750,271 729,533 720,681 702,871 579,406 513,628 484,998 461,977 424,767 205,140 211,025 176,458 186,169 181,810 184,246 77,516 81,195 78,613 60,160.0 56,887.2 52,501.2
Total Debt 14,663.0 14,161 12,738 12,356 11,862 13,993 11,663 13,501 13,171 12,876 9,548 9,311 9,160 8,953 5,503 6,421 4,599 5,565 3,905 4,790 5,357 5,829 1,123 1,436 1,418 588 583.4 625.1
Stockholders' Equity 50,957 51,539 47,296 46,799 57,175 51,551 48,895 46,058 41,234 42,080 41,346 33,462 28,657 25,595 24,464 26,714 28,827 27,393 24,253 25,656 23,787 23,445 9,258 8,748 8,293 7,211 7,211.7 6,735.1
Cash Flow
Operating Cash Flow 32,078.8 26,494 20,423 16,628 23,155 20,048 20,542 19,188 17,791 17,036 10,334 10,806 9,708 11,080 9,333 11,562 12,022 7,922 7,471 8,046 8,199 5,753 2,655 2,258 (2,732) 1,913.6 2,908.2 (10.9)
Capital Expenditure 0 0 0 0 24,250 0 80,610 0 0 0 0 0 0 0 0 55,056 0 0 0 0 0 0 0 0 0 0 0 0
Free Cash Flow 32,078.8 26,494 20,423 16,628 47,405 20,048 101,152 19,188 17,791 17,036 10,334 10,806 9,708 11,080 10,868 66,618 12,022 7,922 7,471 8,046 8,199 5,753 2,655 2,258 (2,732) 1,913.6 2,908.2 (10.9)