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Side-by-side financial comparison of Analog Devices (ADI) and F&G Annuities & Life, Inc. (FG). Click either name above to swap in a different company.
Analog Devices is the larger business by last-quarter revenue ($3.2B vs $1.8B, roughly 1.8× F&G Annuities & Life, Inc.). Analog Devices runs the higher net margin — 26.3% vs 7.3%, a 19.0% gap on every dollar of revenue. On growth, Analog Devices posted the faster year-over-year revenue change (30.4% vs 13.2%). Over the past eight quarters, Analog Devices's revenue compounded faster (21.0% CAGR vs 6.1%).
Analog Devices, Inc. (ADI), also known simply as Analog, is an American multinational semiconductor company specializing in data conversion, signal processing, and power management technology, headquartered in Wilmington, Massachusetts.
F&G Annuities & Life, Inc. is a public company headquartered in Des Moines, Iowa. It primarily provides annuities, life insurance, and pension buyout services. The company was founded in 1959.
ADI vs FG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $1.8B |
| Net Profit | $830.8M | $128.0M |
| Gross Margin | 64.7% | — |
| Operating Margin | 31.5% | — |
| Net Margin | 26.3% | 7.3% |
| Revenue YoY | 30.4% | 13.2% |
| Net Profit YoY | 112.3% | -60.9% |
| EPS (diluted) | $1.69 | $0.97 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $1.8B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.4B | $908.0M | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $2.3B | $1.4B | ||
| Q2 24 | $2.2B | $1.2B |
| Q1 26 | $830.8M | — | ||
| Q4 25 | $787.7M | $128.0M | ||
| Q3 25 | $518.5M | $118.0M | ||
| Q2 25 | $569.8M | $40.0M | ||
| Q1 25 | $391.3M | $-21.0M | ||
| Q4 24 | $478.1M | $327.0M | ||
| Q3 24 | $392.2M | $-6.0M | ||
| Q2 24 | $302.2M | $203.0M |
| Q1 26 | 64.7% | — | ||
| Q4 25 | 63.1% | — | ||
| Q3 25 | 62.1% | — | ||
| Q2 25 | 61.0% | — | ||
| Q1 25 | 59.0% | — | ||
| Q4 24 | 58.0% | — | ||
| Q3 24 | 56.7% | — | ||
| Q2 24 | 54.7% | — |
| Q1 26 | 31.5% | — | ||
| Q4 25 | 30.7% | — | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 25.7% | — | ||
| Q1 25 | 20.3% | — | ||
| Q4 24 | 23.3% | — | ||
| Q3 24 | 21.2% | — | ||
| Q2 24 | 17.9% | — |
| Q1 26 | 26.3% | — | ||
| Q4 25 | 25.6% | 7.3% | ||
| Q3 25 | 18.0% | 7.0% | ||
| Q2 25 | 21.6% | 2.9% | ||
| Q1 25 | 16.1% | -2.3% | ||
| Q4 24 | 19.6% | 21.0% | ||
| Q3 24 | 17.0% | -0.4% | ||
| Q2 24 | 14.0% | 17.3% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.60 | $0.97 | ||
| Q3 25 | $1.04 | $0.85 | ||
| Q2 25 | $1.14 | $0.26 | ||
| Q1 25 | $0.78 | $-0.20 | ||
| Q4 24 | $0.95 | $2.53 | ||
| Q3 24 | $0.79 | $-0.08 | ||
| Q2 24 | $0.61 | $1.55 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9B | $1.5B |
| Total DebtLower is stronger | — | $2.2B |
| Stockholders' EquityBook value | $33.8B | $4.8B |
| Total Assets | $48.0B | $98.4B |
| Debt / EquityLower = less leverage | — | 0.47× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.7B | $1.5B | ||
| Q3 25 | $2.3B | $2.2B | ||
| Q2 25 | $2.4B | $1.9B | ||
| Q1 25 | $2.3B | $3.3B | ||
| Q4 24 | $2.4B | $2.3B | ||
| Q3 24 | $2.1B | $3.5B | ||
| Q2 24 | $2.4B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B |
| Q1 26 | $33.8B | — | ||
| Q4 25 | $33.8B | $4.8B | ||
| Q3 25 | $34.1B | $4.8B | ||
| Q2 25 | $35.0B | $4.4B | ||
| Q1 25 | $35.1B | $4.4B | ||
| Q4 24 | $35.2B | $4.0B | ||
| Q3 24 | $35.2B | $4.3B | ||
| Q2 24 | $35.2B | $3.7B |
| Q1 26 | $48.0B | — | ||
| Q4 25 | $48.0B | $98.4B | ||
| Q3 25 | $48.2B | $96.1B | ||
| Q2 25 | $47.3B | $91.8B | ||
| Q1 25 | $48.0B | $88.0B | ||
| Q4 24 | $48.2B | $85.0B | ||
| Q3 24 | $48.6B | $84.1B | ||
| Q2 24 | $48.9B | $78.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.56× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.4B | $1.2B |
| Free Cash FlowOCF − Capex | $1.3B | — |
| FCF MarginFCF / Revenue | 39.8% | — |
| Capex IntensityCapex / Revenue | 3.5% | — |
| Cash ConversionOCF / Net Profit | 1.65× | 9.13× |
| TTM Free Cash FlowTrailing 4 quarters | $4.6B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.2B | $937.0M | ||
| Q2 25 | $819.5M | $1.6B | ||
| Q1 25 | $1.1B | $956.0M | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $855.0M | $2.1B | ||
| Q2 24 | $807.9M | $1.1B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $729.2M | — | ||
| Q1 25 | $977.8M | — | ||
| Q4 24 | $885.4M | — | ||
| Q3 24 | $701.1M | — | ||
| Q2 24 | $619.7M | — |
| Q1 26 | 39.8% | — | ||
| Q4 25 | 48.3% | — | ||
| Q3 25 | 37.7% | — | ||
| Q2 25 | 27.6% | — | ||
| Q1 25 | 40.4% | — | ||
| Q4 24 | 36.2% | — | ||
| Q3 24 | 30.3% | — | ||
| Q2 24 | 28.7% | — |
| Q1 26 | 3.5% | — | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 8.7% | — |
| Q1 26 | 1.65× | — | ||
| Q4 25 | 2.16× | 9.13× | ||
| Q3 25 | 2.25× | 7.94× | ||
| Q2 25 | 1.44× | 40.50× | ||
| Q1 25 | 2.88× | — | ||
| Q4 24 | 2.20× | 4.04× | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.67× | 5.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADI
| Sales Channel Directly To Consumer | $1.4B | 44% |
| Automotive | $794.4M | 25% |
| Communications | $476.8M | 15% |
| Consumer | $399.8M | 13% |
| Other | $71.3M | 2% |
| Sales Channel Other | $40.8M | 1% |
FG
Segment breakdown not available.
