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Side-by-side financial comparison of Delek US Holdings, Inc. (DK) and F&G Annuities & Life, Inc. (FG). Click either name above to swap in a different company.
Delek US Holdings, Inc. is the larger business by last-quarter revenue ($2.6B vs $1.8B, roughly 1.5× F&G Annuities & Life, Inc.). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs -7.7%, a 14.9% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs -4.9%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs -10.8%).
Delek US Holdings, Inc. is an oil refining, logistics and biofuels company founded in 2001 and headquartered in Brentwood, Tennessee.
F&G Annuities & Life, Inc. is a public company headquartered in Des Moines, Iowa. It primarily provides annuities, life insurance, and pension buyout services. The company was founded in 1959.
DK vs FG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $1.8B |
| Net Profit | $-201.3M | $128.0M |
| Gross Margin | -5.8% | — |
| Operating Margin | — | — |
| Net Margin | -7.7% | 7.3% |
| Revenue YoY | -4.9% | 13.2% |
| Net Profit YoY | — | -60.9% |
| EPS (diluted) | $-3.34 | $0.97 |
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.
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.4B | $1.8B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $2.8B | $1.4B | ||
| Q1 25 | $2.6B | $908.0M | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $3.0B | $1.4B | ||
| Q2 24 | $3.3B | $1.2B |
| Q1 26 | $-201.3M | — | ||
| Q4 25 | $78.3M | $128.0M | ||
| Q3 25 | $178.0M | $118.0M | ||
| Q2 25 | $-106.4M | $40.0M | ||
| Q1 25 | $-172.7M | $-21.0M | ||
| Q4 24 | $-413.8M | $327.0M | ||
| Q3 24 | $-76.8M | $-6.0M | ||
| Q2 24 | $-37.2M | $203.0M |
| Q1 26 | -5.8% | — | ||
| Q4 25 | 9.3% | — | ||
| Q3 25 | 13.8% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | -5.7% | — | ||
| Q3 24 | -0.7% | — | ||
| Q2 24 | 0.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | — | ||
| Q3 25 | 10.2% | — | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -4.8% | — | ||
| Q4 24 | -17.0% | — | ||
| Q3 24 | -4.0% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | -7.7% | — | ||
| Q4 25 | 3.2% | 7.3% | ||
| Q3 25 | 6.2% | 7.0% | ||
| Q2 25 | -3.8% | 2.9% | ||
| Q1 25 | -6.5% | -2.3% | ||
| Q4 24 | -17.4% | 21.0% | ||
| Q3 24 | -2.5% | -0.4% | ||
| Q2 24 | -1.1% | 17.3% |
| Q1 26 | $-3.34 | — | ||
| Q4 25 | $1.23 | $0.97 | ||
| Q3 25 | $2.93 | $0.85 | ||
| Q2 25 | $-1.76 | $0.26 | ||
| Q1 25 | $-2.78 | $-0.20 | ||
| Q4 24 | $-6.48 | $2.53 | ||
| Q3 24 | $-1.20 | $-0.08 | ||
| Q2 24 | $-0.58 | $1.55 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $624.1M | $1.5B |
| Total DebtLower is stronger | $3.2B | $2.2B |
| Stockholders' EquityBook value | $302.0M | $4.8B |
| Total Assets | $7.6B | $98.4B |
| Debt / EquityLower = less leverage | 10.54× | 0.47× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $624.1M | — | ||
| Q4 25 | $625.8M | $1.5B | ||
| Q3 25 | $630.9M | $2.2B | ||
| Q2 25 | $615.5M | $1.9B | ||
| Q1 25 | $623.8M | $3.3B | ||
| Q4 24 | $735.6M | $2.3B | ||
| Q3 24 | $1.0B | $3.5B | ||
| Q2 24 | $657.9M | $3.5B |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.2B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $3.1B | $2.2B | ||
| Q1 25 | $3.0B | $2.2B | ||
| Q4 24 | $2.8B | $2.2B | ||
| Q3 24 | $2.8B | $2.0B | ||
| Q2 24 | $2.5B | $2.0B |
| Q1 26 | $302.0M | — | ||
| Q4 25 | $547.3M | $4.8B | ||
| Q3 25 | $444.8M | $4.8B | ||
| Q2 25 | $294.9M | $4.4B | ||
| Q1 25 | $429.4M | $4.4B | ||
| Q4 24 | $575.2M | $4.0B | ||
| Q3 24 | $875.4M | $4.3B | ||
| Q2 24 | $982.8M | $3.7B |
| Q1 26 | $7.6B | — | ||
| Q4 25 | $6.8B | $98.4B | ||
| Q3 25 | $7.1B | $96.1B | ||
| Q2 25 | $7.1B | $91.8B | ||
| Q1 25 | $6.9B | $88.0B | ||
| Q4 24 | $6.7B | $85.0B | ||
| Q3 24 | $7.0B | $84.1B | ||
| Q2 24 | $6.9B | $78.5B |
| Q1 26 | 10.54× | — | ||
| Q4 25 | 5.91× | 0.47× | ||
| Q3 25 | 7.14× | 0.46× | ||
| Q2 25 | 10.51× | 0.50× | ||
| Q1 25 | 7.07× | 0.51× | ||
| Q4 24 | 4.81× | 0.55× | ||
| Q3 24 | 3.19× | 0.47× | ||
| Q2 24 | 2.50× | 0.56× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 9.13× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $502.8M | $1.2B | ||
| Q3 25 | $44.0M | $937.0M | ||
| Q2 25 | $51.4M | $1.6B | ||
| Q1 25 | $-62.4M | $956.0M | ||
| Q4 24 | $-163.5M | $1.3B | ||
| Q3 24 | $-21.6M | $2.1B | ||
| Q2 24 | $-48.4M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | $382.8M | — | ||
| Q3 25 | $-64.0M | — | ||
| Q2 25 | $-114.4M | — | ||
| Q1 25 | $-198.1M | — | ||
| Q4 24 | $-354.0M | — | ||
| Q3 24 | $-140.6M | — | ||
| Q2 24 | $-128.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | 15.8% | — | ||
| Q3 25 | -2.2% | — | ||
| Q2 25 | -4.1% | — | ||
| Q1 25 | -7.5% | — | ||
| Q4 24 | -14.9% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -3.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 2.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.42× | 9.13× | ||
| Q3 25 | 0.25× | 7.94× | ||
| Q2 25 | — | 40.50× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
