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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and Fabrinet (FN). 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 $1.1B, roughly 1.6× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs 7.3%, a 2.7% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 13.2%). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 6.1%).

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.

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

FG vs FN — Head-to-Head

Bigger by revenue
FG
FG
1.6× larger
FG
$1.8B
$1.1B
FN
Growing faster (revenue YoY)
FN
FN
+22.7% gap
FN
35.9%
13.2%
FG
Higher net margin
FN
FN
2.7% more per $
FN
9.9%
7.3%
FG
Faster 2-yr revenue CAGR
FN
FN
Annualised
FN
24.4%
6.1%
FG

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FG
FG
FN
FN
Revenue
$1.8B
$1.1B
Net Profit
$128.0M
$112.6M
Gross Margin
12.2%
Operating Margin
10.1%
Net Margin
7.3%
9.9%
Revenue YoY
13.2%
35.9%
Net Profit YoY
-60.9%
30.0%
EPS (diluted)
$0.97
$3.11

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
FG
FG
FN
FN
Q4 25
$1.8B
$1.1B
Q3 25
$1.7B
$978.1M
Q2 25
$1.4B
$909.7M
Q1 25
$908.0M
$871.8M
Q4 24
$1.6B
$833.6M
Q3 24
$1.4B
$804.2M
Q2 24
$1.2B
$753.3M
Q1 24
$1.6B
$731.5M
Net Profit
FG
FG
FN
FN
Q4 25
$128.0M
$112.6M
Q3 25
$118.0M
$95.9M
Q2 25
$40.0M
$87.2M
Q1 25
$-21.0M
$81.3M
Q4 24
$327.0M
$86.6M
Q3 24
$-6.0M
$77.4M
Q2 24
$203.0M
$81.1M
Q1 24
$115.0M
$80.9M
Gross Margin
FG
FG
FN
FN
Q4 25
12.2%
Q3 25
11.9%
Q2 25
12.2%
Q1 25
11.7%
Q4 24
12.1%
Q3 24
12.3%
Q2 24
12.3%
Q1 24
12.4%
Operating Margin
FG
FG
FN
FN
Q4 25
10.1%
Q3 25
9.6%
Q2 25
9.8%
Q1 25
9.0%
Q4 24
9.5%
Q3 24
9.6%
Q2 24
9.7%
Q1 24
9.7%
Net Margin
FG
FG
FN
FN
Q4 25
7.3%
9.9%
Q3 25
7.0%
9.8%
Q2 25
2.9%
9.6%
Q1 25
-2.3%
9.3%
Q4 24
21.0%
10.4%
Q3 24
-0.4%
9.6%
Q2 24
17.3%
10.8%
Q1 24
7.3%
11.1%
EPS (diluted)
FG
FG
FN
FN
Q4 25
$0.97
$3.11
Q3 25
$0.85
$2.66
Q2 25
$0.26
$2.41
Q1 25
$-0.20
$2.25
Q4 24
$2.53
$2.38
Q3 24
$-0.08
$2.13
Q2 24
$1.55
$2.22
Q1 24
$0.88
$2.21

Balance Sheet & Financial Strength

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

Metric
FG
FG
FN
FN
Cash + ST InvestmentsLiquidity on hand
$1.5B
$960.8M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$4.8B
$2.2B
Total Assets
$98.4B
$3.3B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
FN
FN
Q4 25
$1.5B
$960.8M
Q3 25
$2.2B
$968.8M
Q2 25
$1.9B
$934.2M
Q1 25
$3.3B
$950.7M
Q4 24
$2.3B
$934.6M
Q3 24
$3.5B
$908.9M
Q2 24
$3.5B
$858.6M
Q1 24
$2.4B
$794.0M
Total Debt
FG
FG
FN
FN
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
Q1 24
$1.7B
Stockholders' Equity
FG
FG
FN
FN
Q4 25
$4.8B
$2.2B
Q3 25
$4.8B
$2.1B
Q2 25
$4.4B
$2.0B
Q1 25
$4.4B
$1.9B
Q4 24
$4.0B
$1.8B
Q3 24
$4.3B
$1.8B
Q2 24
$3.7B
$1.7B
Q1 24
$3.5B
$1.7B
Total Assets
FG
FG
FN
FN
Q4 25
$98.4B
$3.3B
Q3 25
$96.1B
$3.0B
Q2 25
$91.8B
$2.8B
Q1 25
$88.0B
$2.6B
Q4 24
$85.0B
$2.5B
Q3 24
$84.1B
$2.4B
Q2 24
$78.5B
$2.3B
Q1 24
$74.4B
$2.2B
Debt / Equity
FG
FG
FN
FN
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×
Q1 24
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
FG
FG
FN
FN
Operating Cash FlowLast quarter
$1.2B
$46.3M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
9.13×
0.41×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
FN
FN
Q4 25
$1.2B
$46.3M
Q3 25
$937.0M
$102.6M
Q2 25
$1.6B
$55.1M
Q1 25
$956.0M
$74.2M
Q4 24
$1.3B
$115.9M
Q3 24
$2.1B
$83.2M
Q2 24
$1.1B
$83.1M
Q1 24
$1.5B
$100.9M
Free Cash Flow
FG
FG
FN
FN
Q4 25
$-5.3M
Q3 25
$57.3M
Q2 25
$4.7M
Q1 25
$45.7M
Q4 24
$94.0M
Q3 24
$62.9M
Q2 24
$70.4M
Q1 24
$87.3M
FCF Margin
FG
FG
FN
FN
Q4 25
-0.5%
Q3 25
5.9%
Q2 25
0.5%
Q1 25
5.2%
Q4 24
11.3%
Q3 24
7.8%
Q2 24
9.3%
Q1 24
11.9%
Capex Intensity
FG
FG
FN
FN
Q4 25
4.6%
Q3 25
4.6%
Q2 25
5.5%
Q1 25
3.3%
Q4 24
2.6%
Q3 24
2.5%
Q2 24
1.7%
Q1 24
1.9%
Cash Conversion
FG
FG
FN
FN
Q4 25
9.13×
0.41×
Q3 25
7.94×
1.07×
Q2 25
40.50×
0.63×
Q1 25
0.91×
Q4 24
4.04×
1.34×
Q3 24
1.07×
Q2 24
5.20×
1.02×
Q1 24
13.34×
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

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