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Side-by-side financial comparison of CNO Financial Group, Inc. (CNO) and GREIF, INC (GEF). 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 $994.8M, roughly 1.1× GREIF, INC). GREIF, INC runs the higher net margin — 17.6% vs 8.8%, a 8.7% gap on every dollar of revenue. On growth, CNO Financial Group, Inc. posted the faster year-over-year revenue change (4.2% vs -21.4%). Over the past eight quarters, CNO Financial Group, Inc.'s revenue compounded faster (-0.6% CAGR vs -9.2%).

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.

Greif, Inc. is a global leader in industrial packaging products and services based in Delaware, Ohio. Originally a manufacturer of barrels, the company is now focused on producing steel, fiber and plastic drums, IBCs, jerrycans, plastic bottles, closures, containerboard, corrugated products and adhesives. In 2018, the company ranked 617 on the Fortune 1000.

CNO vs GEF — Head-to-Head

Bigger by revenue
CNO
CNO
1.1× larger
CNO
$1.1B
$994.8M
GEF
Growing faster (revenue YoY)
CNO
CNO
+25.6% gap
CNO
4.2%
-21.4%
GEF
Higher net margin
GEF
GEF
8.7% more per $
GEF
17.6%
8.8%
CNO
Faster 2-yr revenue CAGR
CNO
CNO
Annualised
CNO
-0.6%
-9.2%
GEF

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CNO
CNO
GEF
GEF
Revenue
$1.1B
$994.8M
Net Profit
$100.7M
$174.6M
Gross Margin
20.4%
Operating Margin
15.2%
25.8%
Net Margin
8.8%
17.6%
Revenue YoY
4.2%
-21.4%
Net Profit YoY
-39.4%
1930.2%
EPS (diluted)
$1.02

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
GEF
GEF
Q4 25
$1.1B
$994.8M
Q3 25
$1.2B
$1.1B
Q2 25
$1.2B
$1.4B
Q1 25
$1.0B
$1.3B
Q4 24
$1.1B
$1.4B
Q3 24
$1.1B
$1.5B
Q2 24
$1.1B
$1.4B
Q1 24
$1.2B
$1.2B
Net Profit
CNO
CNO
GEF
GEF
Q4 25
$100.7M
$174.6M
Q3 25
$23.1M
$64.0M
Q2 25
$91.8M
$47.3M
Q1 25
$13.7M
$8.6M
Q4 24
$166.1M
$70.1M
Q3 24
$9.3M
$87.1M
Q2 24
$116.3M
$44.4M
Q1 24
$112.3M
$67.2M
Gross Margin
CNO
CNO
GEF
GEF
Q4 25
20.4%
Q3 25
22.7%
Q2 25
23.1%
Q1 25
19.4%
Q4 24
20.4%
Q3 24
20.0%
Q2 24
19.7%
Q1 24
18.4%
Operating Margin
CNO
CNO
GEF
GEF
Q4 25
15.2%
25.8%
Q3 25
13.7%
6.4%
Q2 25
9.8%
8.6%
Q1 25
10.4%
4.7%
Q4 24
15.8%
8.9%
Q3 24
13.6%
11.8%
Q2 24
13.9%
7.2%
Q1 24
6.5%
5.7%
Net Margin
CNO
CNO
GEF
GEF
Q4 25
8.8%
17.6%
Q3 25
1.9%
5.6%
Q2 25
8.0%
3.4%
Q1 25
1.4%
0.7%
Q4 24
15.1%
4.9%
Q3 24
0.8%
6.0%
Q2 24
10.9%
3.2%
Q1 24
9.7%
5.6%
EPS (diluted)
CNO
CNO
GEF
GEF
Q4 25
$1.02
Q3 25
$0.24
Q2 25
$0.91
Q1 25
$0.13
Q4 24
$1.58
Q3 24
$0.09
Q2 24
$1.06
Q1 24
$1.01

Balance Sheet & Financial Strength

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

Metric
CNO
CNO
GEF
GEF
Cash + ST InvestmentsLiquidity on hand
$243.5M
Total DebtLower is stronger
$655.1M
Stockholders' EquityBook value
$2.6B
$2.9B
Total Assets
$38.8B
$5.5B
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNO
CNO
GEF
GEF
Q4 25
$243.5M
Q3 25
$285.2M
Q2 25
$252.7M
Q1 25
$201.1M
Q4 24
$197.7M
Q3 24
$194.2M
Q2 24
$196.0M
Q1 24
$179.3M
Total Debt
CNO
CNO
GEF
GEF
Q4 25
$655.1M
Q3 25
$2.3B
Q2 25
$2.4B
Q1 25
$2.5B
Q4 24
$2.7B
Q3 24
$2.9B
Q2 24
$2.9B
Q1 24
$2.3B
Stockholders' Equity
CNO
CNO
GEF
GEF
Q4 25
$2.6B
$2.9B
Q3 25
$2.6B
$2.2B
Q2 25
$2.5B
$2.1B
Q1 25
$2.5B
$2.0B
Q4 24
$2.5B
$2.1B
Q3 24
$2.7B
$2.1B
Q2 24
$2.4B
$2.0B
Q1 24
$2.4B
$2.0B
Total Assets
CNO
CNO
GEF
GEF
Q4 25
$38.8B
$5.5B
Q3 25
$38.3B
$6.7B
Q2 25
$37.3B
$6.8B
Q1 25
$37.4B
$6.6B
Q4 24
$37.9B
$6.6B
Q3 24
$37.6B
$6.8B
Q2 24
$36.3B
$6.8B
Q1 24
$34.9B
$6.0B
Debt / Equity
CNO
CNO
GEF
GEF
Q4 25
0.22×
Q3 25
1.06×
Q2 25
1.12×
Q1 25
1.24×
Q4 24
1.31×
Q3 24
1.41×
Q2 24
1.44×
Q1 24
1.15×

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
GEF
GEF
Operating Cash FlowLast quarter
$195.7M
$-24.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.94×
-0.14×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNO
CNO
GEF
GEF
Q4 25
$195.7M
$-24.4M
Q3 25
$197.8M
$197.7M
Q2 25
$145.5M
$136.4M
Q1 25
$136.7M
$-30.8M
Q4 24
$191.0M
$187.2M
Q3 24
$231.2M
$76.8M
Q2 24
$110.9M
$87.5M
Q1 24
$94.6M
$4.5M
Cash Conversion
CNO
CNO
GEF
GEF
Q4 25
1.94×
-0.14×
Q3 25
8.56×
3.09×
Q2 25
1.58×
2.88×
Q1 25
9.98×
-3.58×
Q4 24
1.15×
2.67×
Q3 24
24.86×
0.88×
Q2 24
0.95×
1.97×
Q1 24
0.84×
0.07×

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%

GEF
GEF

Other$501.0M50%
Sustainable Fiber Solutions Segment$300.4M30%
Customized Polymer Solutions Segment$124.8M13%
Durable Metal Solutions Segment$62.5M6%
Innovative Closure Solutions Segment$6.1M1%

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