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

CNO Financial Group, Inc. is the larger business by last-quarter revenue ($1.1B vs $1.1B, roughly 1.0× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs 8.8%, a 1.1% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 4.2%). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs -0.6%).

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.

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

CNO vs FN — Head-to-Head

Bigger by revenue
CNO
CNO
1.0× larger
CNO
$1.1B
$1.1B
FN
Growing faster (revenue YoY)
FN
FN
+31.7% gap
FN
35.9%
4.2%
CNO
Higher net margin
FN
FN
1.1% more per $
FN
9.9%
8.8%
CNO
Faster 2-yr revenue CAGR
FN
FN
Annualised
FN
24.4%
-0.6%
CNO

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CNO
CNO
FN
FN
Revenue
$1.1B
$1.1B
Net Profit
$100.7M
$112.6M
Gross Margin
12.2%
Operating Margin
15.2%
10.1%
Net Margin
8.8%
9.9%
Revenue YoY
4.2%
35.9%
Net Profit YoY
-39.4%
30.0%
EPS (diluted)
$1.02
$3.11

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
FN
FN
Q4 25
$1.1B
$1.1B
Q3 25
$1.2B
$978.1M
Q2 25
$1.2B
$909.7M
Q1 25
$1.0B
$871.8M
Q4 24
$1.1B
$833.6M
Q3 24
$1.1B
$804.2M
Q2 24
$1.1B
$753.3M
Q1 24
$1.2B
$731.5M
Net Profit
CNO
CNO
FN
FN
Q4 25
$100.7M
$112.6M
Q3 25
$23.1M
$95.9M
Q2 25
$91.8M
$87.2M
Q1 25
$13.7M
$81.3M
Q4 24
$166.1M
$86.6M
Q3 24
$9.3M
$77.4M
Q2 24
$116.3M
$81.1M
Q1 24
$112.3M
$80.9M
Gross Margin
CNO
CNO
FN
FN
Q4 25
12.2%
Q3 25
11.9%
Q2 25
12.2%
Q1 25
11.7%
Q4 24
12.1%
Q3 24
12.3%
Q2 24
12.3%
Q1 24
12.4%
Operating Margin
CNO
CNO
FN
FN
Q4 25
15.2%
10.1%
Q3 25
13.7%
9.6%
Q2 25
9.8%
9.8%
Q1 25
10.4%
9.0%
Q4 24
15.8%
9.5%
Q3 24
13.6%
9.6%
Q2 24
13.9%
9.7%
Q1 24
6.5%
9.7%
Net Margin
CNO
CNO
FN
FN
Q4 25
8.8%
9.9%
Q3 25
1.9%
9.8%
Q2 25
8.0%
9.6%
Q1 25
1.4%
9.3%
Q4 24
15.1%
10.4%
Q3 24
0.8%
9.6%
Q2 24
10.9%
10.8%
Q1 24
9.7%
11.1%
EPS (diluted)
CNO
CNO
FN
FN
Q4 25
$1.02
$3.11
Q3 25
$0.24
$2.66
Q2 25
$0.91
$2.41
Q1 25
$0.13
$2.25
Q4 24
$1.58
$2.38
Q3 24
$0.09
$2.13
Q2 24
$1.06
$2.22
Q1 24
$1.01
$2.21

Balance Sheet & Financial Strength

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

Metric
CNO
CNO
FN
FN
Cash + ST InvestmentsLiquidity on hand
$960.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.6B
$2.2B
Total Assets
$38.8B
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNO
CNO
FN
FN
Q4 25
$960.8M
Q3 25
$968.8M
Q2 25
$934.2M
Q1 25
$950.7M
Q4 24
$934.6M
Q3 24
$908.9M
Q2 24
$858.6M
Q1 24
$794.0M
Stockholders' Equity
CNO
CNO
FN
FN
Q4 25
$2.6B
$2.2B
Q3 25
$2.6B
$2.1B
Q2 25
$2.5B
$2.0B
Q1 25
$2.5B
$1.9B
Q4 24
$2.5B
$1.8B
Q3 24
$2.7B
$1.8B
Q2 24
$2.4B
$1.7B
Q1 24
$2.4B
$1.7B
Total Assets
CNO
CNO
FN
FN
Q4 25
$38.8B
$3.3B
Q3 25
$38.3B
$3.0B
Q2 25
$37.3B
$2.8B
Q1 25
$37.4B
$2.6B
Q4 24
$37.9B
$2.5B
Q3 24
$37.6B
$2.4B
Q2 24
$36.3B
$2.3B
Q1 24
$34.9B
$2.2B

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
FN
FN
Operating Cash FlowLast quarter
$195.7M
$46.3M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
1.94×
0.41×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNO
CNO
FN
FN
Q4 25
$195.7M
$46.3M
Q3 25
$197.8M
$102.6M
Q2 25
$145.5M
$55.1M
Q1 25
$136.7M
$74.2M
Q4 24
$191.0M
$115.9M
Q3 24
$231.2M
$83.2M
Q2 24
$110.9M
$83.1M
Q1 24
$94.6M
$100.9M
Free Cash Flow
CNO
CNO
FN
FN
Q4 25
$-5.3M
Q3 25
$57.3M
Q2 25
$4.7M
Q1 25
$45.7M
Q4 24
$94.0M
Q3 24
$62.9M
Q2 24
$70.4M
Q1 24
$87.3M
FCF Margin
CNO
CNO
FN
FN
Q4 25
-0.5%
Q3 25
5.9%
Q2 25
0.5%
Q1 25
5.2%
Q4 24
11.3%
Q3 24
7.8%
Q2 24
9.3%
Q1 24
11.9%
Capex Intensity
CNO
CNO
FN
FN
Q4 25
4.6%
Q3 25
4.6%
Q2 25
5.5%
Q1 25
3.3%
Q4 24
2.6%
Q3 24
2.5%
Q2 24
1.7%
Q1 24
1.9%
Cash Conversion
CNO
CNO
FN
FN
Q4 25
1.94×
0.41×
Q3 25
8.56×
1.07×
Q2 25
1.58×
0.63×
Q1 25
9.98×
0.91×
Q4 24
1.15×
1.34×
Q3 24
24.86×
1.07×
Q2 24
0.95×
1.02×
Q1 24
0.84×
1.25×

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%

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

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