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Side-by-side financial comparison of CNO Financial Group, Inc. (CNO) and DANA Inc (DAN). Click either name above to swap in a different company.

DANA Inc is the larger business by last-quarter revenue ($1.3B vs $1.1B, roughly 1.1× CNO Financial Group, Inc.). CNO Financial Group, Inc. runs the higher net margin — 8.8% vs -3.9%, a 12.7% gap on every dollar of revenue. On growth, CNO Financial Group, Inc. posted the faster year-over-year revenue change (4.2% vs -44.5%). Over the past eight quarters, CNO Financial Group, Inc.'s revenue compounded faster (-0.6% CAGR vs -31.2%).

CNO Financial Group, Inc., formerly Conseco, Inc., is an American financial services holding company based in Carmel, Indiana. Its insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States. These products are distributed through independent agents, career agents and direct to customers through television advertising and direct mail.

Dana Incorporated is an American supplier of axles, driveshafts, and electrodynamic, thermal, sealing, and digital equipment for conventional, hybrid, and electric-powered vehicles. The company's products and services are aimed at the light vehicle and commercial vehicle equipment markets. Founded in 1904 and based in Maumee, Ohio, the company employs nearly 28,000 people in 33 countries. In 2022, Dana generated sales of $10.2 billion. The company is included in the Fortune 500.

CNO vs DAN — Head-to-Head

Bigger by revenue
DAN
DAN
1.1× larger
DAN
$1.3B
$1.1B
CNO
Growing faster (revenue YoY)
CNO
CNO
+48.7% gap
CNO
4.2%
-44.5%
DAN
Higher net margin
CNO
CNO
12.7% more per $
CNO
8.8%
-3.9%
DAN
Faster 2-yr revenue CAGR
CNO
CNO
Annualised
CNO
-0.6%
-31.2%
DAN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNO
CNO
DAN
DAN
Revenue
$1.1B
$1.3B
Net Profit
$100.7M
$-50.0M
Gross Margin
6.0%
Operating Margin
15.2%
-0.2%
Net Margin
8.8%
-3.9%
Revenue YoY
4.2%
-44.5%
Net Profit YoY
-39.4%
37.5%
EPS (diluted)
$1.02
$-0.36

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
CNO
CNO
DAN
DAN
Q4 25
$1.1B
$1.3B
Q3 25
$1.2B
$1.9B
Q2 25
$1.2B
$1.9B
Q1 25
$1.0B
$2.4B
Q4 24
$1.1B
$2.3B
Q3 24
$1.1B
$2.5B
Q2 24
$1.1B
$2.7B
Q1 24
$1.2B
$2.7B
Net Profit
CNO
CNO
DAN
DAN
Q4 25
$100.7M
$-50.0M
Q3 25
$23.1M
$83.0M
Q2 25
$91.8M
$27.0M
Q1 25
$13.7M
$25.0M
Q4 24
$166.1M
$-80.0M
Q3 24
$9.3M
$4.0M
Q2 24
$116.3M
$16.0M
Q1 24
$112.3M
$3.0M
Gross Margin
CNO
CNO
DAN
DAN
Q4 25
6.0%
Q3 25
8.7%
Q2 25
7.1%
Q1 25
9.4%
Q4 24
5.7%
Q3 24
9.9%
Q2 24
9.3%
Q1 24
8.9%
Operating Margin
CNO
CNO
DAN
DAN
Q4 25
15.2%
-0.2%
Q3 25
13.7%
2.8%
Q2 25
9.8%
0.8%
Q1 25
10.4%
3.1%
Q4 24
15.8%
-1.5%
Q3 24
13.6%
3.6%
Q2 24
13.9%
3.8%
Q1 24
6.5%
2.6%
Net Margin
CNO
CNO
DAN
DAN
Q4 25
8.8%
-3.9%
Q3 25
1.9%
4.3%
Q2 25
8.0%
1.4%
Q1 25
1.4%
1.1%
Q4 24
15.1%
-3.4%
Q3 24
0.8%
0.2%
Q2 24
10.9%
0.6%
Q1 24
9.7%
0.1%
EPS (diluted)
CNO
CNO
DAN
DAN
Q4 25
$1.02
$-0.36
Q3 25
$0.24
$0.64
Q2 25
$0.91
$0.19
Q1 25
$0.13
$0.17
Q4 24
$1.58
$-0.55
Q3 24
$0.09
$0.03
Q2 24
$1.06
$0.11
Q1 24
$1.01
$0.02

Balance Sheet & Financial Strength

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

Metric
CNO
CNO
DAN
DAN
Cash + ST InvestmentsLiquidity on hand
$469.0M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$2.6B
$840.0M
Total Assets
$38.8B
$7.8B
Debt / EquityLower = less leverage
3.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNO
CNO
DAN
DAN
Q4 25
$469.0M
Q3 25
$414.0M
Q2 25
$486.0M
Q1 25
$507.0M
Q4 24
$494.0M
Q3 24
$419.0M
Q2 24
$419.0M
Q1 24
$351.0M
Total Debt
CNO
CNO
DAN
DAN
Q4 25
$2.6B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.6B
Stockholders' Equity
CNO
CNO
DAN
DAN
Q4 25
$2.6B
$840.0M
Q3 25
$2.6B
$1.1B
Q2 25
$2.5B
$1.2B
Q1 25
$2.5B
$1.4B
Q4 24
$2.5B
$1.3B
Q3 24
$2.7B
$1.5B
Q2 24
$2.4B
$1.5B
Q1 24
$2.4B
$1.5B
Total Assets
CNO
CNO
DAN
DAN
Q4 25
$38.8B
$7.8B
Q3 25
$38.3B
$8.1B
Q2 25
$37.3B
$8.1B
Q1 25
$37.4B
$7.8B
Q4 24
$37.9B
$7.5B
Q3 24
$37.6B
$7.9B
Q2 24
$36.3B
$7.8B
Q1 24
$34.9B
$7.9B
Debt / Equity
CNO
CNO
DAN
DAN
Q4 25
3.05×
Q3 25
2.35×
Q2 25
2.13×
Q1 25
1.76×
Q4 24
1.79×
Q3 24
1.65×
Q2 24
1.62×
Q1 24
1.68×

Cash Flow & Capital Efficiency

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

Metric
CNO
CNO
DAN
DAN
Operating Cash FlowLast quarter
$195.7M
$406.0M
Free Cash FlowOCF − Capex
$345.0M
FCF MarginFCF / Revenue
26.6%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
1.94×
TTM Free Cash FlowTrailing 4 quarters
$298.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNO
CNO
DAN
DAN
Q4 25
$195.7M
$406.0M
Q3 25
$197.8M
$111.0M
Q2 25
$145.5M
$32.0M
Q1 25
$136.7M
$-37.0M
Q4 24
$191.0M
$302.0M
Q3 24
$231.2M
$35.0M
Q2 24
$110.9M
$215.0M
Q1 24
$94.6M
$-102.0M
Free Cash Flow
CNO
CNO
DAN
DAN
Q4 25
$345.0M
Q3 25
$62.0M
Q2 25
$3.0M
Q1 25
$-112.0M
Q4 24
$149.0M
Q3 24
$-11.0M
Q2 24
$104.0M
Q1 24
$-172.0M
FCF Margin
CNO
CNO
DAN
DAN
Q4 25
26.6%
Q3 25
3.2%
Q2 25
0.2%
Q1 25
-4.8%
Q4 24
6.4%
Q3 24
-0.4%
Q2 24
3.8%
Q1 24
-6.3%
Capex Intensity
CNO
CNO
DAN
DAN
Q4 25
4.7%
Q3 25
2.6%
Q2 25
1.5%
Q1 25
3.2%
Q4 24
6.6%
Q3 24
1.9%
Q2 24
4.1%
Q1 24
2.6%
Cash Conversion
CNO
CNO
DAN
DAN
Q4 25
1.94×
Q3 25
8.56×
1.34×
Q2 25
1.58×
1.19×
Q1 25
9.98×
-1.48×
Q4 24
1.15×
Q3 24
24.86×
8.75×
Q2 24
0.95×
13.44×
Q1 24
0.84×
-34.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CNO
CNO

Health Insurance Product Line$496.4M43%
Life Insurance Segment$268.8M24%
Other$207.2M18%
Life And Annuity Insurance Product Line$170.7M15%

DAN
DAN

Light Vehicle Segment$912.0M70%
Commercial Vehicle Segment$218.0M17%
Other$166.0M13%

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