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Side-by-side financial comparison of agilon health, inc. (AGL) and F&G Annuities & Life, Inc. (FG). Click either name above to swap in a different company.

F&G Annuities & Life, Inc. is the larger business by last-quarter revenue ($1.8B vs $1.4B, roughly 1.2× agilon health, inc.). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs 0.0%, a 7.2% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs -3.0%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs -2.1%).

agilon health, inc. is a U.S.-based healthcare company partnering with primary care providers to deliver value-based care solutions mainly for senior Medicare beneficiaries. It offers administrative support, clinical tools and risk management frameworks to help physicians improve patient outcomes and cut care costs, operating across over 20 U.S. states.

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.

AGL vs FG — Head-to-Head

Bigger by revenue
FG
FG
1.2× larger
FG
$1.8B
$1.4B
AGL
Growing faster (revenue YoY)
FG
FG
+16.3% gap
FG
13.2%
-3.0%
AGL
Higher net margin
FG
FG
7.2% more per $
FG
7.3%
0.0%
AGL
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
-2.1%
AGL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AGL
AGL
FG
FG
Revenue
$1.4B
$1.8B
Net Profit
$49.0K
$128.0M
Gross Margin
Operating Margin
Net Margin
0.0%
7.3%
Revenue YoY
-3.0%
13.2%
Net Profit YoY
-60.9%
EPS (diluted)
$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.

Revenue
AGL
AGL
FG
FG
Q1 26
$1.4B
Q4 25
$1.6B
$1.8B
Q3 25
$1.4B
$1.7B
Q2 25
$1.4B
$1.4B
Q1 25
$1.5B
$908.0M
Q4 24
$1.5B
$1.6B
Q3 24
$1.5B
$1.4B
Q2 24
$1.5B
$1.2B
Net Profit
AGL
AGL
FG
FG
Q1 26
$49.0K
Q4 25
$-188.9M
$128.0M
Q3 25
$-110.2M
$118.0M
Q2 25
$-104.4M
$40.0M
Q1 25
$12.1M
$-21.0M
Q4 24
$-105.8M
$327.0M
Q3 24
$-117.6M
$-6.0M
Q2 24
$-30.7M
$203.0M
Operating Margin
AGL
AGL
FG
FG
Q1 26
Q4 25
-12.3%
Q3 25
-9.1%
Q2 25
-8.3%
Q1 25
-1.4%
Q4 24
-7.1%
Q3 24
-9.2%
Q2 24
-2.9%
Net Margin
AGL
AGL
FG
FG
Q1 26
0.0%
Q4 25
-12.0%
7.3%
Q3 25
-7.7%
7.0%
Q2 25
-7.5%
2.9%
Q1 25
0.8%
-2.3%
Q4 24
-6.9%
21.0%
Q3 24
-8.1%
-0.4%
Q2 24
-2.1%
17.3%
EPS (diluted)
AGL
AGL
FG
FG
Q1 26
Q4 25
$0.97
Q3 25
$0.85
Q2 25
$0.26
Q1 25
$-0.20
Q4 24
$2.53
Q3 24
$-0.08
Q2 24
$1.55

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AGL
AGL
FG
FG
Cash + ST InvestmentsLiquidity on hand
$140.0M
$1.5B
Total DebtLower is stronger
$15.3M
$2.2B
Stockholders' EquityBook value
$4.8B
Total Assets
$1.5B
$98.4B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGL
AGL
FG
FG
Q1 26
$140.0M
Q4 25
$173.7M
$1.5B
Q3 25
$171.7M
$2.2B
Q2 25
$171.4M
$1.9B
Q1 25
$136.9M
$3.3B
Q4 24
$188.2M
$2.3B
Q3 24
$148.2M
$3.5B
Q2 24
$109.5M
$3.5B
Total Debt
AGL
AGL
FG
FG
Q1 26
$15.3M
Q4 25
$35.0M
$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
Stockholders' Equity
AGL
AGL
FG
FG
Q1 26
Q4 25
$126.7M
$4.8B
Q3 25
$306.1M
$4.8B
Q2 25
$408.9M
$4.4B
Q1 25
$500.3M
$4.4B
Q4 24
$471.0M
$4.0B
Q3 24
$574.9M
$4.3B
Q2 24
$676.6M
$3.7B
Total Assets
AGL
AGL
FG
FG
Q1 26
$1.5B
Q4 25
$1.3B
$98.4B
Q3 25
$1.6B
$96.1B
Q2 25
$1.7B
$91.8B
Q1 25
$1.9B
$88.0B
Q4 24
$1.7B
$85.0B
Q3 24
$2.1B
$84.1B
Q2 24
$2.2B
$78.5B
Debt / Equity
AGL
AGL
FG
FG
Q1 26
Q4 25
0.28×
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
AGL
AGL
FG
FG
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
9.13×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGL
AGL
FG
FG
Q1 26
Q4 25
$-20.5M
$1.2B
Q3 25
$-18.2M
$937.0M
Q2 25
$-35.1M
$1.6B
Q1 25
$-32.0M
$956.0M
Q4 24
$16.4M
$1.3B
Q3 24
$-7.7M
$2.1B
Q2 24
$-18.7M
$1.1B
Free Cash Flow
AGL
AGL
FG
FG
Q1 26
Q4 25
$-23.5M
Q3 25
$-21.3M
Q2 25
$-38.3M
Q1 25
$-35.8M
Q4 24
$13.2M
Q3 24
$-11.2M
Q2 24
$-22.0M
FCF Margin
AGL
AGL
FG
FG
Q1 26
Q4 25
-1.5%
Q3 25
-1.5%
Q2 25
-2.7%
Q1 25
-2.3%
Q4 24
0.9%
Q3 24
-0.8%
Q2 24
-1.5%
Capex Intensity
AGL
AGL
FG
FG
Q1 26
Q4 25
0.2%
Q3 25
0.2%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.2%
Cash Conversion
AGL
AGL
FG
FG
Q1 26
Q4 25
9.13×
Q3 25
7.94×
Q2 25
40.50×
Q1 25
-2.64×
Q4 24
4.04×
Q3 24
Q2 24
5.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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