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Side-by-side financial comparison of Amer Sports, Inc. (AS) and Globe Life (GL). Click either name above to swap in a different company.

Globe Life is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.5× Amer Sports, Inc.). Globe Life runs the higher net margin — 17.3% vs 1.8%, a 15.5% gap on every dollar of revenue.

Amer Sports, Inc. is a Finnish multinational sporting equipment division based in Helsinki, Finland. Established in 1950 as an industrial conglomerate with interests as diverse as tobacco trading, ship owning and publishing, Amer has gradually evolved into a multinational firm devoted to the production and marketing of sporting goods. The company employs over 9,700 people. Since 2018, Amer has been a subsidiary of Chinese retail conglomerate Anta Sports.

Globe Life Inc. (GL) is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.

AS vs GL — Head-to-Head

Bigger by revenue
GL
GL
1.5× larger
GL
$1.6B
$1.1B
AS
Higher net margin
GL
GL
15.5% more per $
GL
17.3%
1.8%
AS

Income Statement — Q1 FY2024 vs Q1 FY2026

Metric
AS
AS
GL
GL
Revenue
$1.1B
$1.6B
Net Profit
$19.0M
$270.5M
Gross Margin
52.8%
Operating Margin
12.4%
Net Margin
1.8%
17.3%
Revenue YoY
5.3%
Net Profit YoY
EPS (diluted)
$0.05
$3.39

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
AS
AS
GL
GL
Q1 26
$1.6B
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.4B
Net Profit
AS
AS
GL
GL
Q1 26
$270.5M
Q4 25
$266.1M
Q3 25
$387.8M
Q2 25
$252.7M
Q1 25
$254.6M
Q4 24
$255.2M
Q3 24
$303.0M
Q2 24
$258.4M
Gross Margin
AS
AS
GL
GL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
26.1%
Q2 24
23.3%
Operating Margin
AS
AS
GL
GL
Q1 26
Q4 25
21.7%
Q3 25
31.5%
Q2 25
21.2%
Q1 25
21.4%
Q4 24
21.3%
Q3 24
26.3%
Q2 24
23.5%
Net Margin
AS
AS
GL
GL
Q1 26
17.3%
Q4 25
17.5%
Q3 25
25.6%
Q2 25
17.1%
Q1 25
17.2%
Q4 24
17.4%
Q3 24
20.8%
Q2 24
17.9%
EPS (diluted)
AS
AS
GL
GL
Q1 26
$3.39
Q4 25
$3.28
Q3 25
$4.73
Q2 25
$3.05
Q1 25
$3.01
Q4 24
$3.00
Q3 24
$3.44
Q2 24
$2.83

Balance Sheet & Financial Strength

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

Metric
AS
AS
GL
GL
Cash + ST InvestmentsLiquidity on hand
$183.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.1B
Total Assets
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AS
AS
GL
GL
Q1 26
$183.8M
Q4 25
$314.7M
Q3 25
$62.8M
Q2 25
$116.7M
Q1 25
$134.1M
Q4 24
$85.0M
Q3 24
$100.5M
Q2 24
$100.6M
Stockholders' Equity
AS
AS
GL
GL
Q1 26
$6.1B
Q4 25
$6.0B
Q3 25
$5.7B
Q2 25
$5.4B
Q1 25
$5.4B
Q4 24
$5.3B
Q3 24
$4.6B
Q2 24
$5.2B
Total Assets
AS
AS
GL
GL
Q1 26
Q4 25
$30.8B
Q3 25
$30.5B
Q2 25
$29.8B
Q1 25
$29.7B
Q4 24
$29.1B
Q3 24
$29.6B
Q2 24
$28.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AS
AS
GL
GL
Operating Cash FlowLast quarter
$114.3M
Free Cash FlowOCF − Capex
$92.2M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
6.02×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AS
AS
GL
GL
Q1 26
Q4 25
$350.6M
Q3 25
$306.0M
Q2 25
$307.9M
Q1 25
$431.9M
Q4 24
$336.9M
Q3 24
$340.6M
Q2 24
$374.1M
Free Cash Flow
AS
AS
GL
GL
Q1 26
Q4 25
$330.1M
Q3 25
$208.7M
Q2 25
$295.0M
Q1 25
$420.1M
Q4 24
$321.9M
Q3 24
$311.3M
Q2 24
$356.5M
FCF Margin
AS
AS
GL
GL
Q1 26
Q4 25
21.7%
Q3 25
13.8%
Q2 25
19.9%
Q1 25
28.4%
Q4 24
22.0%
Q3 24
21.4%
Q2 24
24.8%
Capex Intensity
AS
AS
GL
GL
Q1 26
Q4 25
1.3%
Q3 25
6.4%
Q2 25
0.9%
Q1 25
0.8%
Q4 24
1.0%
Q3 24
2.0%
Q2 24
1.2%
Cash Conversion
AS
AS
GL
GL
Q1 26
Q4 25
1.32×
Q3 25
0.79×
Q2 25
1.22×
Q1 25
1.70×
Q4 24
1.32×
Q3 24
1.12×
Q2 24
1.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AS
AS

Americas2$409.6M39%
EMEA1$356.9M34%
Greater China3$205.6M20%
Asia Pacific4$78.2M7%

GL
GL

Life premium$853.2M55%
Health premium$416.9M27%
Other$289.5M19%

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