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Side-by-side financial comparison of EnerSys (ENS) 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 $919.1M, roughly 1.9× EnerSys). EnerSys runs the higher net margin — 9.8% vs 7.3%, a 2.6% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 1.4%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs 0.5%).
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
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.
ENS vs FG — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $919.1M | $1.8B |
| Net Profit | $90.4M | $128.0M |
| Gross Margin | 30.1% | — |
| Operating Margin | 13.5% | — |
| Net Margin | 9.8% | 7.3% |
| Revenue YoY | 1.4% | 13.2% |
| Net Profit YoY | -21.3% | -60.9% |
| EPS (diluted) | $2.40 | $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.
| Q4 25 | $919.1M | $1.8B | ||
| Q3 25 | $951.3M | $1.7B | ||
| Q2 25 | $893.0M | $1.4B | ||
| Q1 25 | $974.8M | $908.0M | ||
| Q4 24 | $906.2M | $1.6B | ||
| Q3 24 | $883.7M | $1.4B | ||
| Q2 24 | $852.9M | $1.2B | ||
| Q1 24 | $910.7M | $1.6B |
| Q4 25 | $90.4M | $128.0M | ||
| Q3 25 | $68.4M | $118.0M | ||
| Q2 25 | $57.5M | $40.0M | ||
| Q1 25 | $96.5M | $-21.0M | ||
| Q4 24 | $114.8M | $327.0M | ||
| Q3 24 | $82.3M | $-6.0M | ||
| Q2 24 | $70.1M | $203.0M | ||
| Q1 24 | $60.9M | $115.0M |
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 28.4% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 32.9% | — | ||
| Q3 24 | 28.5% | — | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 27.9% | — |
| Q4 25 | 13.5% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 9.7% | — | ||
| Q1 25 | 13.5% | — | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 11.2% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 8.9% | — |
| Q4 25 | 9.8% | 7.3% | ||
| Q3 25 | 7.2% | 7.0% | ||
| Q2 25 | 6.4% | 2.9% | ||
| Q1 25 | 9.9% | -2.3% | ||
| Q4 24 | 12.7% | 21.0% | ||
| Q3 24 | 9.3% | -0.4% | ||
| Q2 24 | 8.2% | 17.3% | ||
| Q1 24 | 6.7% | 7.3% |
| Q4 25 | $2.40 | $0.97 | ||
| Q3 25 | $1.80 | $0.85 | ||
| Q2 25 | $1.46 | $0.26 | ||
| Q1 25 | $2.39 | $-0.20 | ||
| Q4 24 | $2.88 | $2.53 | ||
| Q3 24 | $2.01 | $-0.08 | ||
| Q2 24 | $1.71 | $1.55 | ||
| Q1 24 | $1.48 | $0.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $450.1M | $1.5B |
| Total DebtLower is stronger | — | $2.2B |
| Stockholders' EquityBook value | $1.9B | $4.8B |
| Total Assets | $4.0B | $98.4B |
| Debt / EquityLower = less leverage | — | 0.47× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $450.1M | $1.5B | ||
| Q3 25 | $388.6M | $2.2B | ||
| Q2 25 | $346.7M | $1.9B | ||
| Q1 25 | $343.1M | $3.3B | ||
| Q4 24 | $463.2M | $2.3B | ||
| Q3 24 | $407.9M | $3.5B | ||
| Q2 24 | $344.1M | $3.5B | ||
| Q1 24 | $333.3M | $2.4B |
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | $1.1B | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | $802.0M | $1.7B |
| Q4 25 | $1.9B | $4.8B | ||
| Q3 25 | $1.9B | $4.8B | ||
| Q2 25 | $1.9B | $4.4B | ||
| Q1 25 | $1.9B | $4.4B | ||
| Q4 24 | $1.8B | $4.0B | ||
| Q3 24 | $1.8B | $4.3B | ||
| Q2 24 | $1.8B | $3.7B | ||
| Q1 24 | $1.8B | $3.5B |
| Q4 25 | $4.0B | $98.4B | ||
| Q3 25 | $4.1B | $96.1B | ||
| Q2 25 | $4.1B | $91.8B | ||
| Q1 25 | $4.0B | $88.0B | ||
| Q4 24 | $4.0B | $85.0B | ||
| Q3 24 | $4.0B | $84.1B | ||
| Q2 24 | $3.6B | $78.5B | ||
| Q1 24 | $3.5B | $74.4B |
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | 0.57× | 0.51× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | 0.46× | 0.49× |
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 | $184.6M | $1.2B |
| Free Cash FlowOCF − Capex | $171.3M | — |
| FCF MarginFCF / Revenue | 18.6% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | 2.04× | 9.13× |
| TTM Free Cash FlowTrailing 4 quarters | $441.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.6M | $1.2B | ||
| Q3 25 | $218.0M | $937.0M | ||
| Q2 25 | $968.0K | $1.6B | ||
| Q1 25 | $135.2M | $956.0M | ||
| Q4 24 | $81.1M | $1.3B | ||
| Q3 24 | $33.6M | $2.1B | ||
| Q2 24 | $10.4M | $1.1B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | $171.3M | — | ||
| Q3 25 | $197.1M | — | ||
| Q2 25 | $-32.1M | — | ||
| Q1 25 | $104.9M | — | ||
| Q4 24 | $56.8M | — | ||
| Q3 24 | $3.3M | — | ||
| Q2 24 | $-25.7M | — | ||
| Q1 24 | — | — |
| Q4 25 | 18.6% | — | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | -3.6% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | -3.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | — | — |
| Q4 25 | 2.04× | 9.13× | ||
| Q3 25 | 3.19× | 7.94× | ||
| Q2 25 | 0.02× | 40.50× | ||
| Q1 25 | 1.40× | — | ||
| Q4 24 | 0.71× | 4.04× | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.15× | 5.20× | ||
| Q1 24 | — | 13.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
FG
Segment breakdown not available.
