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

Sprouts Farmers Market, Inc. is the larger business by last-quarter revenue ($2.3B vs $1.1B, roughly 2.0× CNO Financial Group, Inc.). CNO Financial Group, Inc. runs the higher net margin — 8.8% vs 7.0%, a 1.8% gap on every dollar of revenue. On growth, CNO Financial Group, Inc. posted the faster year-over-year revenue change (4.2% vs 4.1%). Over the past eight quarters, Sprouts Farmers Market, Inc.'s revenue compounded faster (10.9% 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.

Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona, offering natural and organic foods, including fresh produce, bulk foods, packaged groceries, meat, poultry, seafood, deli, baked goods, dairy products, and frozen foods. They also sell vitamins and supplements, natural body care, and household items. Sprouts employs 35,000 workers and operates more than 400 stores in 24 states.

CNO vs SFM — Head-to-Head

Bigger by revenue
SFM
SFM
2.0× larger
SFM
$2.3B
$1.1B
CNO
Growing faster (revenue YoY)
CNO
CNO
+0.0% gap
CNO
4.2%
4.1%
SFM
Higher net margin
CNO
CNO
1.8% more per $
CNO
8.8%
7.0%
SFM
Faster 2-yr revenue CAGR
SFM
SFM
Annualised
SFM
10.9%
-0.6%
CNO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CNO
CNO
SFM
SFM
Revenue
$1.1B
$2.3B
Net Profit
$100.7M
$163.7M
Gross Margin
39.4%
Operating Margin
15.2%
9.2%
Net Margin
8.8%
7.0%
Revenue YoY
4.2%
4.1%
Net Profit YoY
-39.4%
-9.1%
EPS (diluted)
$1.02
$1.71

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
SFM
SFM
Q1 26
$2.3B
Q4 25
$1.1B
$2.1B
Q3 25
$1.2B
$2.2B
Q2 25
$1.2B
$2.2B
Q1 25
$1.0B
$2.2B
Q4 24
$1.1B
$2.0B
Q3 24
$1.1B
$1.9B
Q2 24
$1.1B
$1.9B
Net Profit
CNO
CNO
SFM
SFM
Q1 26
$163.7M
Q4 25
$100.7M
$89.8M
Q3 25
$23.1M
$120.1M
Q2 25
$91.8M
$133.7M
Q1 25
$13.7M
$180.0M
Q4 24
$166.1M
$79.6M
Q3 24
$9.3M
$91.6M
Q2 24
$116.3M
$95.3M
Gross Margin
CNO
CNO
SFM
SFM
Q1 26
39.4%
Q4 25
38.0%
Q3 25
38.7%
Q2 25
38.8%
Q1 25
39.6%
Q4 24
38.1%
Q3 24
38.1%
Q2 24
37.9%
Operating Margin
CNO
CNO
SFM
SFM
Q1 26
9.2%
Q4 25
15.2%
5.7%
Q3 25
13.7%
7.2%
Q2 25
9.8%
8.1%
Q1 25
10.4%
10.1%
Q4 24
15.8%
5.3%
Q3 24
13.6%
6.3%
Q2 24
13.9%
6.7%
Net Margin
CNO
CNO
SFM
SFM
Q1 26
7.0%
Q4 25
8.8%
4.2%
Q3 25
1.9%
5.5%
Q2 25
8.0%
6.0%
Q1 25
1.4%
8.0%
Q4 24
15.1%
4.0%
Q3 24
0.8%
4.7%
Q2 24
10.9%
5.0%
EPS (diluted)
CNO
CNO
SFM
SFM
Q1 26
$1.71
Q4 25
$1.02
$0.93
Q3 25
$0.24
$1.22
Q2 25
$0.91
$1.35
Q1 25
$0.13
$1.81
Q4 24
$1.58
$0.78
Q3 24
$0.09
$0.91
Q2 24
$1.06
$0.94

Balance Sheet & Financial Strength

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

Metric
CNO
CNO
SFM
SFM
Cash + ST InvestmentsLiquidity on hand
$252.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.6B
$1.4B
Total Assets
$38.8B
$4.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNO
CNO
SFM
SFM
Q1 26
$252.2M
Q4 25
$257.3M
Q3 25
$322.4M
Q2 25
$261.4M
Q1 25
$285.7M
Q4 24
$265.2M
Q3 24
$309.7M
Q2 24
$177.3M
Stockholders' Equity
CNO
CNO
SFM
SFM
Q1 26
$1.4B
Q4 25
$2.6B
$1.4B
Q3 25
$2.6B
$1.4B
Q2 25
$2.5B
$1.4B
Q1 25
$2.5B
$1.3B
Q4 24
$2.5B
$1.3B
Q3 24
$2.7B
$1.3B
Q2 24
$2.4B
$1.3B
Total Assets
CNO
CNO
SFM
SFM
Q1 26
$4.3B
Q4 25
$38.8B
$4.2B
Q3 25
$38.3B
$4.0B
Q2 25
$37.3B
$3.8B
Q1 25
$37.4B
$3.7B
Q4 24
$37.9B
$3.6B
Q3 24
$37.6B
$3.6B
Q2 24
$36.3B
$3.4B

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNO
CNO
SFM
SFM
Q1 26
Q4 25
$195.7M
$138.5M
Q3 25
$197.8M
$167.1M
Q2 25
$145.5M
$111.2M
Q1 25
$136.7M
$299.1M
Q4 24
$191.0M
$124.9M
Q3 24
$231.2M
$209.1M
Q2 24
$110.9M
$91.6M
Free Cash Flow
CNO
CNO
SFM
SFM
Q1 26
Q4 25
$66.3M
Q3 25
$111.4M
Q2 25
$50.4M
Q1 25
$239.6M
Q4 24
$56.2M
Q3 24
$156.3M
Q2 24
$33.9M
FCF Margin
CNO
CNO
SFM
SFM
Q1 26
Q4 25
3.1%
Q3 25
5.1%
Q2 25
2.3%
Q1 25
10.7%
Q4 24
2.8%
Q3 24
8.0%
Q2 24
1.8%
Capex Intensity
CNO
CNO
SFM
SFM
Q1 26
Q4 25
3.4%
Q3 25
2.5%
Q2 25
2.7%
Q1 25
2.7%
Q4 24
3.4%
Q3 24
2.7%
Q2 24
3.0%
Cash Conversion
CNO
CNO
SFM
SFM
Q1 26
Q4 25
1.94×
1.54×
Q3 25
8.56×
1.39×
Q2 25
1.58×
0.83×
Q1 25
9.98×
1.66×
Q4 24
1.15×
1.57×
Q3 24
24.86×
2.28×
Q2 24
0.95×
0.96×

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%

SFM
SFM

Segment breakdown not available.

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