JXN
Jackson Financial Inc.
JXN's fundamentals are strong, but it looks expensive: trading at 11x earnings, more than twice its usual 4.4x. Analysts expect strong earnings growth.
JXN Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
JXN's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like JXN.
JXN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 1x | $12.52 | -91% |
| Fair | 4x | $48.54 | -65% |
| Forward | 4.4x | $139 | — |
| Current | 11x | $139 | — |
| Expensive | 65x | $792 | +471% |
Historical ranges are pointers, not guarantees.
JXN's PE is in its expensive range at 11x. If earnings grow as analysts expect, today's price would be 4.4x next year's earnings, in its fair range.
JXN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for JXN, with profitability improving.
JXN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $31.37 | +156% |
| Q3 2026 | $12.27 | +63% |
| Q2 2026 | $0.82 | +257% |
| Q1 2026 | -$6.00 | -555% |
| Q4 2025 | -$0.24 | -102% |
| Q3 2025 | $7.52 | +$19.21 |
| Q2 2025 | $0.23 | -99% |
| Q1 2025 | $1.32 | -97% |
| Q4 2024 | $11.74 | +9.1% |
JXN's earnings per share have fallen from their peak: $12.27 over the past year, against $78.10 in late 2022.
JXN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +8.9% |
| Q1 2026 | $2.9B | -23% |
| Q4 2025 | $2B | +784% |
| Q3 2025 | $1.4B | -33% |
| Q4 2024 | $225M | -75% |
| Q3 2024 | $2.1B | -19% |
| Q2 2024 | $1.2B | +204% |
| Q3 2023 | $2.6B | -35% |
JXN's revenue is recovering but still below its 2022 peak: $1.5B last quarter, up 8.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 54% | +4.3 points |
| Q2 2026 | -309% | N/A |
| Q1 2026 | 75% | -7.3 points |
| Q4 2025 | 64% | +284 points |
| Q3 2025 | 50% | -15 points |
| Q1 2025 | 82% | N/A |
| Q4 2024 | -220% | -243 points |
| Q3 2024 | 65% | -11 points |
JXN's operating margin was 54% last quarter, up 4.3 points from the same quarter a year ago.
JXN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +3.4% |
| Q2 2026 | $1.8B | +58% |
| Q1 2026 | $1B | -34% |
| Q4 2025 | $1.6B | +6.3% |
| Q3 2025 | $1.4B | +0.4% |
| Q2 2025 | $1.2B | -21% |
| Q1 2025 | $1.6B | +12% |
| Q4 2024 | $1.5B | -6.7% |
JXN's free cash flow was $5.9B over the past year, up 4.8% from the year before. Free cash flow isn't a meaningful measure for financial services companies like JXN.
JXN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.6% | -1.8M shares |
| 1 year | -2.6% | -1.8M shares |
| 3 years | -17% | -14.4M shares |
| 5 years | -28% | -26M shares |
| Available history | -28% | -26M shares |
JXN has 68M diluted shares, down 2.6% from a year ago, with $839M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $233M |
| Q2 2026 | $227M |
| Q1 2026 | $227M |
| Q4 2025 | $152M |
| Q3 2025 | $157M |
| Q2 2025 | $158M |
| Q1 2025 | $202M |
| Q4 2024 | $99M |
JXN spent $839M buying back its own shares over the past year, up 36% from the year before.
JXN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2023 | 0.4x | Very low |
| Q4 2022 | 0.0x | Very low |
| Q3 2022 | -0.2x | Net Cash |
| Q2 2022 | -0.2x | Net Cash |
JXN's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like JXN.
JXN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.3 | Neutral |
| Stochastic | 53.7 | Neutral |
JXN's weekly RSI is 63 (neutral) and its Stochastic is 54 (neutral).
JXN PE vs Financial Services Sector
| Metric | JXN | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 13% below |
| PE % | 70 | 65 | 5 pts above |
JXN is trading at 11x earnings, a 13% discount to the Financial Services sector's median of 13x.
JXN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $132.6 | 4.6% above |
| 20 week MA | $129.5 | 7.1% above |
| 50 week MA | $117.3 | 18% above |
| 100 week MA | $103.3 | 34% above |
| 200 week MA | $80.4 | 72% above |
JXN is in an uptrend: it's above all five of its weekly moving averages, and 72% above its 200-week average.
JXN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $28.8 | $39.9 | +39% |
| 2022 | $39.9 | $35.0 | -12% |
| 2023 | $35.0 | $51.2 | +46% |
| 2024 | $51.2 | $88.0 | +72% |
| 2025 | $88.0 | $108.2 | +23% |
| 2026 YTD | $108.2 | $138.6 | +28% |
JXN has finished higher in four of the last five years. It's up 28% so far in 2026.