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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and Genpact LTD (G). 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 $1.3B, roughly 1.3× Genpact LTD). Genpact LTD runs the higher net margin — 10.8% vs 7.3%, a 3.6% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 5.6%). Over the past eight quarters, Genpact LTD's revenue compounded faster (8.0% 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.

Genpact Ltd. is an American information technology services, consulting, and outsourcing company headquartered in New York City, New York. Founded in Gurgaon, India, and legally domiciled in Bermuda, Genpact employs more than 125,000 people and provides services to clients in over 30 countries worldwide. Genpact is listed on the NYSE and generated revenues of US$4.48 billion in 2023.

FG vs G — Head-to-Head

Bigger by revenue
FG
FG
1.3× larger
FG
$1.8B
$1.3B
G
Growing faster (revenue YoY)
FG
FG
+7.6% gap
FG
13.2%
5.6%
G
Higher net margin
G
G
3.6% more per $
G
10.8%
7.3%
FG
Faster 2-yr revenue CAGR
G
G
Annualised
G
8.0%
6.1%
FG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FG
FG
G
G
Revenue
$1.8B
$1.3B
Net Profit
$128.0M
$143.1M
Gross Margin
36.6%
Operating Margin
14.8%
Net Margin
7.3%
10.8%
Revenue YoY
13.2%
5.6%
Net Profit YoY
-60.9%
0.8%
EPS (diluted)
$0.97
$0.82

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
G
G
Q4 25
$1.8B
$1.3B
Q3 25
$1.7B
$1.3B
Q2 25
$1.4B
$1.3B
Q1 25
$908.0M
$1.2B
Q4 24
$1.6B
$1.2B
Q3 24
$1.4B
$1.2B
Q2 24
$1.2B
$1.2B
Q1 24
$1.6B
$1.1B
Net Profit
FG
FG
G
G
Q4 25
$128.0M
$143.1M
Q3 25
$118.0M
$145.8M
Q2 25
$40.0M
$132.7M
Q1 25
$-21.0M
$130.9M
Q4 24
$327.0M
$141.9M
Q3 24
$-6.0M
$132.8M
Q2 24
$203.0M
$122.0M
Q1 24
$115.0M
$116.9M
Gross Margin
FG
FG
G
G
Q4 25
36.6%
Q3 25
36.4%
Q2 25
35.9%
Q1 25
35.3%
Q4 24
35.7%
Q3 24
35.6%
Q2 24
35.4%
Q1 24
35.0%
Operating Margin
FG
FG
G
G
Q4 25
14.8%
Q3 25
14.8%
Q2 25
14.3%
Q1 25
15.1%
Q4 24
15.2%
Q3 24
15.0%
Q2 24
14.5%
Q1 24
14.1%
Net Margin
FG
FG
G
G
Q4 25
7.3%
10.8%
Q3 25
7.0%
11.3%
Q2 25
2.9%
10.6%
Q1 25
-2.3%
10.8%
Q4 24
21.0%
11.4%
Q3 24
-0.4%
11.0%
Q2 24
17.3%
10.4%
Q1 24
7.3%
10.3%
EPS (diluted)
FG
FG
G
G
Q4 25
$0.97
$0.82
Q3 25
$0.85
$0.83
Q2 25
$0.26
$0.75
Q1 25
$-0.20
$0.73
Q4 24
$2.53
$0.80
Q3 24
$-0.08
$0.74
Q2 24
$1.55
$0.67
Q1 24
$0.88
$0.64

Balance Sheet & Financial Strength

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

Metric
FG
FG
G
G
Cash + ST InvestmentsLiquidity on hand
$1.5B
$1.2B
Total DebtLower is stronger
$2.2B
$1.5B
Stockholders' EquityBook value
$4.8B
$2.5B
Total Assets
$98.4B
$5.8B
Debt / EquityLower = less leverage
0.47×
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
G
G
Q4 25
$1.5B
$1.2B
Q3 25
$2.2B
$740.8M
Q2 25
$1.9B
$663.3M
Q1 25
$3.3B
$561.6M
Q4 24
$2.3B
$671.6M
Q3 24
$3.5B
$1.0B
Q2 24
$3.5B
$914.2M
Q1 24
$2.4B
$478.4M
Total Debt
FG
FG
G
G
Q4 25
$2.2B
$1.5B
Q3 25
$2.2B
$1.2B
Q2 25
$2.2B
$1.2B
Q1 25
$2.2B
$1.2B
Q4 24
$2.2B
$1.2B
Q3 24
$2.0B
$1.6B
Q2 24
$2.0B
$1.6B
Q1 24
$1.7B
$1.2B
Stockholders' Equity
FG
FG
G
G
Q4 25
$4.8B
$2.5B
Q3 25
$4.8B
$2.5B
Q2 25
$4.4B
$2.6B
Q1 25
$4.4B
$2.5B
Q4 24
$4.0B
$2.4B
Q3 24
$4.3B
$2.4B
Q2 24
$3.7B
$2.3B
Q1 24
$3.5B
$2.3B
Total Assets
FG
FG
G
G
Q4 25
$98.4B
$5.8B
Q3 25
$96.1B
$5.4B
Q2 25
$91.8B
$5.3B
Q1 25
$88.0B
$4.9B
Q4 24
$85.0B
$5.0B
Q3 24
$84.1B
$5.3B
Q2 24
$78.5B
$5.2B
Q1 24
$74.4B
$4.7B
Debt / Equity
FG
FG
G
G
Q4 25
0.47×
0.60×
Q3 25
0.46×
0.47×
Q2 25
0.50×
0.47×
Q1 25
0.51×
0.50×
Q4 24
0.55×
0.51×
Q3 24
0.47×
0.68×
Q2 24
0.56×
0.70×
Q1 24
0.49×
0.54×

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
G
G
Operating Cash FlowLast quarter
$1.2B
$286.7M
Free Cash FlowOCF − Capex
$269.0M
FCF MarginFCF / Revenue
20.4%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
9.13×
2.00×
TTM Free Cash FlowTrailing 4 quarters
$734.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
G
G
Q4 25
$1.2B
$286.7M
Q3 25
$937.0M
$308.4M
Q2 25
$1.6B
$177.4M
Q1 25
$956.0M
$40.4M
Q4 24
$1.3B
$203.2M
Q3 24
$2.1B
$228.5M
Q2 24
$1.1B
$209.3M
Q1 24
$1.5B
$-25.6M
Free Cash Flow
FG
FG
G
G
Q4 25
$269.0M
Q3 25
$292.0M
Q2 25
$155.1M
Q1 25
$18.5M
Q4 24
$183.5M
Q3 24
$208.7M
Q2 24
$190.0M
Q1 24
$-49.6M
FCF Margin
FG
FG
G
G
Q4 25
20.4%
Q3 25
22.6%
Q2 25
12.4%
Q1 25
1.5%
Q4 24
14.7%
Q3 24
17.2%
Q2 24
16.2%
Q1 24
-4.4%
Capex Intensity
FG
FG
G
G
Q4 25
1.3%
Q3 25
1.3%
Q2 25
1.8%
Q1 25
1.8%
Q4 24
1.6%
Q3 24
1.6%
Q2 24
1.6%
Q1 24
2.1%
Cash Conversion
FG
FG
G
G
Q4 25
9.13×
2.00×
Q3 25
7.94×
2.11×
Q2 25
40.50×
1.34×
Q1 25
0.31×
Q4 24
4.04×
1.43×
Q3 24
1.72×
Q2 24
5.20×
1.72×
Q1 24
13.34×
-0.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

G
G

High Tech And Manufacturing$525.3M40%
Consumer And Healthcare$445.8M34%
Financial Services$348.2M26%

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