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Side-by-side financial comparison of Digital Realty (DLR) and F&G Annuities & Life, Inc. (FG). Click either name above to swap in a different company.

F&G Annuities & Life, Inc. is the larger business by last-quarter revenue ($1.8B vs $1.6B, roughly 1.1× Digital Realty). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs 6.0%, a 1.2% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 13.2%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% CAGR vs 6.1%).

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.

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.

DLR vs FG — Head-to-Head

Bigger by revenue
FG
FG
1.1× larger
FG
$1.8B
$1.6B
DLR
Growing faster (revenue YoY)
DLR
DLR
+2.9% gap
DLR
16.1%
13.2%
FG
Higher net margin
FG
FG
1.2% more per $
FG
7.3%
6.0%
DLR
Faster 2-yr revenue CAGR
DLR
DLR
Annualised
DLR
9.8%
6.1%
FG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DLR
DLR
FG
FG
Revenue
$1.6B
$1.8B
Net Profit
$98.6M
$128.0M
Gross Margin
Operating Margin
6.9%
Net Margin
6.0%
7.3%
Revenue YoY
16.1%
13.2%
Net Profit YoY
-10.3%
-60.9%
EPS (diluted)
$0.22
$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.

Revenue
DLR
DLR
FG
FG
Q1 26
$1.6B
Q4 25
$1.6B
$1.8B
Q3 25
$1.6B
$1.7B
Q2 25
$1.5B
$1.4B
Q1 25
$1.4B
$908.0M
Q4 24
$1.4B
$1.6B
Q3 24
$1.4B
$1.4B
Q2 24
$1.4B
$1.2B
Net Profit
DLR
DLR
FG
FG
Q1 26
$98.6M
Q4 25
$98.6M
$128.0M
Q3 25
$67.8M
$118.0M
Q2 25
$1.0B
$40.0M
Q1 25
$110.0M
$-21.0M
Q4 24
$189.6M
$327.0M
Q3 24
$51.2M
$-6.0M
Q2 24
$80.2M
$203.0M
Operating Margin
DLR
DLR
FG
FG
Q1 26
6.9%
Q4 25
6.9%
Q3 25
8.8%
Q2 25
14.2%
Q1 25
13.9%
Q4 24
10.1%
Q3 24
11.8%
Q2 24
0.7%
Net Margin
DLR
DLR
FG
FG
Q1 26
6.0%
Q4 25
6.0%
7.3%
Q3 25
4.3%
7.0%
Q2 25
69.1%
2.9%
Q1 25
7.8%
-2.3%
Q4 24
13.2%
21.0%
Q3 24
3.6%
-0.4%
Q2 24
5.9%
17.3%
EPS (diluted)
DLR
DLR
FG
FG
Q1 26
$0.22
Q4 25
$0.22
$0.97
Q3 25
$0.15
$0.85
Q2 25
$2.94
$0.26
Q1 25
$0.27
$-0.20
Q4 24
$0.50
$2.53
Q3 24
$0.09
$-0.08
Q2 24
$0.20
$1.55

Balance Sheet & Financial Strength

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

Metric
DLR
DLR
FG
FG
Cash + ST InvestmentsLiquidity on hand
$3.5B
$1.5B
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$22.9B
$4.8B
Total Assets
$49.4B
$98.4B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLR
DLR
FG
FG
Q1 26
$3.5B
Q4 25
$3.5B
$1.5B
Q3 25
$3.3B
$2.2B
Q2 25
$3.6B
$1.9B
Q1 25
$2.3B
$3.3B
Q4 24
$3.9B
$2.3B
Q3 24
$2.2B
$3.5B
Q2 24
$2.3B
$3.5B
Total Debt
DLR
DLR
FG
FG
Q1 26
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.0B
Q2 24
$2.0B
Stockholders' Equity
DLR
DLR
FG
FG
Q1 26
$22.9B
Q4 25
$22.9B
$4.8B
Q3 25
$23.0B
$4.8B
Q2 25
$22.9B
$4.4B
Q1 25
$21.3B
$4.4B
Q4 24
$21.3B
$4.0B
Q3 24
$21.2B
$4.3B
Q2 24
$20.5B
$3.7B
Total Assets
DLR
DLR
FG
FG
Q1 26
$49.4B
Q4 25
$49.4B
$98.4B
Q3 25
$48.7B
$96.1B
Q2 25
$48.7B
$91.8B
Q1 25
$45.1B
$88.0B
Q4 24
$45.3B
$85.0B
Q3 24
$45.3B
$84.1B
Q2 24
$43.6B
$78.5B
Debt / Equity
DLR
DLR
FG
FG
Q1 26
Q4 25
0.47×
Q3 25
0.46×
Q2 25
0.50×
Q1 25
0.51×
Q4 24
0.55×
Q3 24
0.47×
Q2 24
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
DLR
DLR
FG
FG
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.

Operating Cash Flow
DLR
DLR
FG
FG
Q1 26
Q4 25
$719.0M
$1.2B
Q3 25
$652.9M
$937.0M
Q2 25
$641.2M
$1.6B
Q1 25
$399.1M
$956.0M
Q4 24
$769.5M
$1.3B
Q3 24
$566.5M
$2.1B
Q2 24
$573.2M
$1.1B
Cash Conversion
DLR
DLR
FG
FG
Q1 26
Q4 25
7.29×
9.13×
Q3 25
9.63×
7.94×
Q2 25
0.62×
40.50×
Q1 25
3.63×
Q4 24
4.06×
4.04×
Q3 24
11.07×
Q2 24
7.15×
5.20×

Financial Flow Comparison

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

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