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Side-by-side financial comparison of American Tower (AMT) and F&G Annuities & Life, Inc. (FG). Click either name above to swap in a different company.
American Tower is the larger business by last-quarter revenue ($2.7B vs $1.8B, roughly 1.6× F&G Annuities & Life, Inc.). American Tower runs the higher net margin — 110.1% vs 7.3%, a 102.9% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 6.8%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs 3.7%).
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com.
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.
AMT vs FG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $1.8B |
| Net Profit | $3.0B | $128.0M |
| Gross Margin | — | — |
| Operating Margin | 0.0% | — |
| Net Margin | 110.1% | 7.3% |
| Revenue YoY | 6.8% | 13.2% |
| Net Profit YoY | -2.6% | -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.
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.8B | ||
| Q3 25 | $2.7B | $1.7B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.6B | $908.0M | ||
| Q4 24 | $2.5B | $1.6B | ||
| Q3 24 | $2.5B | $1.4B | ||
| Q2 24 | $2.5B | $1.2B |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $128.0M | ||
| Q3 25 | $912.6M | $118.0M | ||
| Q2 25 | $380.5M | $40.0M | ||
| Q1 25 | $498.6M | $-21.0M | ||
| Q4 24 | $1.2B | $327.0M | ||
| Q3 24 | $-780.4M | $-6.0M | ||
| Q2 24 | $908.4M | $203.0M |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | — | ||
| Q3 25 | 45.4% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 48.9% | — | ||
| Q4 24 | 42.4% | — | ||
| Q3 24 | 45.2% | — | ||
| Q2 24 | 45.4% | — |
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 7.3% | ||
| Q3 25 | 33.6% | 7.0% | ||
| Q2 25 | 14.5% | 2.9% | ||
| Q1 25 | 19.5% | -2.3% | ||
| Q4 24 | 48.3% | 21.0% | ||
| Q3 24 | -30.9% | -0.4% | ||
| Q2 24 | 35.7% | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $0.97 | ||
| Q3 25 | $1.82 | $0.85 | ||
| Q2 25 | $0.78 | $0.26 | ||
| Q1 25 | $1.04 | $-0.20 | ||
| Q4 24 | $2.63 | $2.53 | ||
| Q3 24 | $-1.69 | $-0.08 | ||
| Q2 24 | $1.92 | $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 | $1.6B | $1.5B |
| Total DebtLower is stronger | — | $2.2B |
| Stockholders' EquityBook value | $10.2B | $4.8B |
| Total Assets | — | $98.4B |
| Debt / EquityLower = less leverage | — | 0.47× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $2.1B | $1.9B | ||
| Q1 25 | $2.1B | $3.3B | ||
| Q4 24 | $2.0B | $2.3B | ||
| Q3 24 | $2.2B | $3.5B | ||
| Q2 24 | $2.2B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | $33.8B | $2.2B | ||
| Q3 25 | $34.9B | $2.2B | ||
| Q2 25 | $35.2B | $2.2B | ||
| Q1 25 | $34.0B | $2.2B | ||
| Q4 24 | $32.8B | $2.2B | ||
| Q3 24 | $33.4B | $2.0B | ||
| Q2 24 | $35.6B | $2.0B |
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $4.8B | ||
| Q3 25 | $4.0B | $4.8B | ||
| Q2 25 | $3.7B | $4.4B | ||
| Q1 25 | $3.5B | $4.4B | ||
| Q4 24 | $3.4B | $4.0B | ||
| Q3 24 | $3.6B | $4.3B | ||
| Q2 24 | $3.9B | $3.7B |
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $98.4B | ||
| Q3 25 | $63.9B | $96.1B | ||
| Q2 25 | $63.8B | $91.8B | ||
| Q1 25 | $62.1B | $88.0B | ||
| Q4 24 | $61.1B | $85.0B | ||
| Q3 24 | $62.8B | $84.1B | ||
| Q2 24 | $65.8B | $78.5B |
| Q1 26 | — | — | ||
| Q4 25 | 9.26× | 0.47× | ||
| Q3 25 | 8.82× | 0.46× | ||
| Q2 25 | 9.48× | 0.50× | ||
| Q1 25 | 9.63× | 0.51× | ||
| Q4 24 | 9.70× | 0.55× | ||
| Q3 24 | 9.16× | 0.47× | ||
| Q2 24 | 9.24× | 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 | — | $1.2B |
| Free Cash FlowOCF − Capex | $941.0M | — |
| FCF MarginFCF / Revenue | 34.4% | — |
| Capex IntensityCapex / Revenue | 16.8% | — |
| Cash ConversionOCF / Net Profit | — | 9.13× |
| TTM Free Cash FlowTrailing 4 quarters | $6.7B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $1.2B | ||
| Q3 25 | $1.5B | $937.0M | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $1.3B | $956.0M | ||
| Q4 24 | $5.3B | $1.3B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.3B | $1.1B |
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $994.5M | — | ||
| Q2 25 | $976.9M | — | ||
| Q1 25 | $963.9M | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 37.2% | — | ||
| Q1 25 | 37.6% | — | ||
| Q4 24 | 145.3% | — | ||
| Q3 24 | 41.4% | — | ||
| Q2 24 | 39.8% | — |
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | — | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 12.9% | — | ||
| Q4 24 | 62.4% | — | ||
| Q3 24 | 16.8% | — | ||
| Q2 24 | 12.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 9.13× | ||
| Q3 25 | 1.60× | 7.94× | ||
| Q2 25 | 3.37× | 40.50× | ||
| Q1 25 | 2.60× | — | ||
| Q4 24 | 4.30× | 4.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.47× | 5.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
