SLF
Sun Life Financial Inc.
SLF's fundamentals are mixed: revenue grew 12%, while its operating margin held steady at 11%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
SLF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
SLF's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like SLF.
SLF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $44.53 | -39% |
| Fair | 14x | $57.21 | -22% |
| Expensive | 16x | $66.78 | -8.4% |
| Current | 18x | $72.88 | — |
Historical ranges are pointers, not guarantees.
SLF's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
SLF Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SLF, but weaker profitability.
SLF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $4.14 | +4.8% |
| Q1 2026 | $3.75 | -2.6% |
| Q4 2025 | $4.32 | +17% |
| Q3 2025 | $3.70 | -14% |
| Q2 2025 | $3.95 | +6.8% |
| Q1 2025 | $3.85 | +3.8% |
| Q4 2024 | $3.68 | -0.3% |
| Q3 2024 | $4.30 | +9.4% |
SLF earned $4.14 per share over the past year, up 4.8% from the year before.
SLF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $9.8B | +51% |
| Q1 2026 | $6.2B | -22% |
| Q4 2025 | $6.3B | +172% |
| Q3 2025 | $8.7B | -19% |
| Q2 2025 | $6.5B | +3.4% |
| Q1 2025 | $8B | +63% |
| Q4 2024 | $2.3B | -81% |
| Q3 2024 | $10.8B | +548% |
SLF's revenue is recovering but still below its 2023 peak: $9.8B last quarter, up 51% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.8% | -0.9 points |
| Q1 2026 | 9.5% | -1.5 points |
| Q4 2025 | 13% | -5.4 points |
| Q3 2025 | 12% | +1 points |
| Q2 2025 | 11% | +0.4 points |
| Q1 2025 | 11% | -6.2 points |
| Q4 2024 | 18% | +14 points |
| Q3 2024 | 11% | -39 points |
SLF's operating margin was 9.8% last quarter, down 0.9 points from the same quarter a year ago.
SLF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $63.3M | -88% |
| Q1 2026 | $2.9B | +$3.2B |
| Q4 2025 | $3.7B | +823% |
| Q3 2025 | $804.3M | -64% |
| Q2 2025 | $539.9M | -54% |
| Q1 2025 | -$290.4M | -187% |
| Q4 2024 | $402.1M | -87% |
| Q3 2024 | $2.3B | +81% |
SLF's free cash flow was $7.5B over the past year, up 157% from the year before. Free cash flow isn't a meaningful measure for financial services companies like SLF.
SLF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.4% | -13.6M shares |
| 1 year | -1.8% | -10M shares |
| 3 years | -5.3% | -31M shares |
| 5 years | -5.3% | -31M shares |
| Available history | -6.1% | -36M shares |
SLF has 559M diluted shares, down 1.8% from a year ago, with $613M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $58.4M |
| Q1 2026 | — |
| Q4 2025 | $275.4M |
| Q3 2025 | $279.1M |
| Q2 2025 | $279.8M |
| Q1 2025 | $365.6M |
| Q4 2024 | $175.1M |
| Q3 2024 | $102.6M |
SLF spent $613M buying back its own shares over the past year, down 34% from the year before.
SLF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.0x | Very low |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | 1.7x | Healthy |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.3x | Net Cash |
| Q4 2024 | 1.4x | Healthy |
| Q3 2024 | -0.8x | Net Cash |
SLF's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like SLF.
SLF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.3 | Neutral |
SLF's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
SLF PE vs Financial Services Sector
| Metric | SLF | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 13x | 35% above |
| PE % | 93 | 63 | 30 pts above |
SLF is trading at 18x earnings, a 35% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
SLF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $77.4 | 5.8% below |
| 20 week MA | $79.4 | 8.2% below |
| 50 week MA | $72.0 | 1.2% above |
| 100 week MA | $65.8 | 11% above |
| 200 week MA | $58.6 | 24% above |
SLF has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 24% above its 200-week average.
SLF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.5 | $43.8 | -3.8% |
| 2021 | $43.8 | $54.6 | +25% |
| 2022 | $54.6 | $46.5 | -15% |
| 2023 | $46.5 | $51.9 | +12% |
| 2024 | $51.9 | $59.5 | +15% |
| 2025 | $59.5 | $62.6 | +5.3% |
| 2026 YTD | $62.6 | $72.9 | +16% |
SLF has finished higher in four of the last six years. It's up 16% so far in 2026.