MFC vs PRU: Manulife Financial and Prudential Financial compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Manulife Financial is the larger company, worth $67.2B, about 1.7 times Prudential Financial.
- Prudential Financial grew revenue faster over the last year (+14.1% vs +7.1%).
- On earnings, Prudential Financial is the cheaper stock (11.5x vs 18.1x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | MFC | PRU |
|---|---|---|
| Market cap | $67.2B | $38.8B |
| Share price | $42.43 | $113.09 |
| Revenue (last fiscal year) | $8.1B | $60.8B |
| Free cash flow (last fiscal year) | — | — |
| Revenue growth, last year | +7.1% | +14.1% |
| Revenue growth per year, last 5 fiscal years | -39.8% | -3.9% |
| Operating margin | — | 7.6% |
| Net margin | 68.5% | 6.0% |
| Return on equity | 11.1% | 12.4% |
| P/E (trailing) | 18.1x | 11.5x |
| Price / free cash flow | 2.10x | 6.19x |
| EV / EBITDA | — | 14.0x |
| FCF growth the price implies | — | — |
| Dividend yield | 4.4% | 4.8% |
| Debt / equity | 19.4x | 23.7x |
| Fundamental grade | C | C |
| Superinvestors holding it | 0 | 0 |
| Insider purchases, last 12 months | 0 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Manulife Financial
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $61.8B | — | — |
| 2022 | $6.2B | — | — |
| 2023 | $6.7B | — | — |
| 2024 | $7.6B | — | — |
| 2025 | $8.1B | — | — |
Prudential Financial
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $71.2B | — | 15.2% |
| 2022 | $56.9B | — | -3.3% |
| 2023 | $54.0B | — | 5.7% |
| 2024 | $70.4B | — | 4.6% |
| 2025 | $60.8B | — | 7.7% |
Where the revenue comes from
Manulife Financial · by segments, 2025
Subsidiaries on a combined basis$8.1B100%
MFC (Guarantor)$24M0%
Prudential Financial · by regions, 2025
UNITED STATES$36.8B61%
Japan$13.5B22%
Other Countries$10.5B17%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open MFC in InvestinglyQuestions
Which is bigger, Manulife Financial or Prudential Financial?
Manulife Financial (MFC), at $67.2B against $38.8B.
Is MFC or PRU cheaper?
By trailing P/E, Prudential Financial (11.5x) is cheaper than Manulife Financial (18.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, MFC or PRU?
Prudential Financial: revenue grew +14.1% over the last year, against +7.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.