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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and GREIF, INC (GEF). 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 $994.8M, roughly 1.8× GREIF, INC). GREIF, INC runs the higher net margin — 17.6% vs 7.3%, a 10.3% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs -21.4%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs -9.2%).

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.

Greif, Inc. is a global leader in industrial packaging products and services based in Delaware, Ohio. Originally a manufacturer of barrels, the company is now focused on producing steel, fiber and plastic drums, IBCs, jerrycans, plastic bottles, closures, containerboard, corrugated products and adhesives. In 2018, the company ranked 617 on the Fortune 1000.

FG vs GEF — Head-to-Head

Bigger by revenue
FG
FG
1.8× larger
FG
$1.8B
$994.8M
GEF
Growing faster (revenue YoY)
FG
FG
+34.6% gap
FG
13.2%
-21.4%
GEF
Higher net margin
GEF
GEF
10.3% more per $
GEF
17.6%
7.3%
FG
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
-9.2%
GEF

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FG
FG
GEF
GEF
Revenue
$1.8B
$994.8M
Net Profit
$128.0M
$174.6M
Gross Margin
20.4%
Operating Margin
25.8%
Net Margin
7.3%
17.6%
Revenue YoY
13.2%
-21.4%
Net Profit YoY
-60.9%
1930.2%
EPS (diluted)
$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
FG
FG
GEF
GEF
Q4 25
$1.8B
$994.8M
Q3 25
$1.7B
$1.1B
Q2 25
$1.4B
$1.4B
Q1 25
$908.0M
$1.3B
Q4 24
$1.6B
$1.4B
Q3 24
$1.4B
$1.5B
Q2 24
$1.2B
$1.4B
Q1 24
$1.6B
$1.2B
Net Profit
FG
FG
GEF
GEF
Q4 25
$128.0M
$174.6M
Q3 25
$118.0M
$64.0M
Q2 25
$40.0M
$47.3M
Q1 25
$-21.0M
$8.6M
Q4 24
$327.0M
$70.1M
Q3 24
$-6.0M
$87.1M
Q2 24
$203.0M
$44.4M
Q1 24
$115.0M
$67.2M
Gross Margin
FG
FG
GEF
GEF
Q4 25
20.4%
Q3 25
22.7%
Q2 25
23.1%
Q1 25
19.4%
Q4 24
20.4%
Q3 24
20.0%
Q2 24
19.7%
Q1 24
18.4%
Operating Margin
FG
FG
GEF
GEF
Q4 25
25.8%
Q3 25
6.4%
Q2 25
8.6%
Q1 25
4.7%
Q4 24
8.9%
Q3 24
11.8%
Q2 24
7.2%
Q1 24
5.7%
Net Margin
FG
FG
GEF
GEF
Q4 25
7.3%
17.6%
Q3 25
7.0%
5.6%
Q2 25
2.9%
3.4%
Q1 25
-2.3%
0.7%
Q4 24
21.0%
4.9%
Q3 24
-0.4%
6.0%
Q2 24
17.3%
3.2%
Q1 24
7.3%
5.6%
EPS (diluted)
FG
FG
GEF
GEF
Q4 25
$0.97
Q3 25
$0.85
Q2 25
$0.26
Q1 25
$-0.20
Q4 24
$2.53
Q3 24
$-0.08
Q2 24
$1.55
Q1 24
$0.88

Balance Sheet & Financial Strength

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

Metric
FG
FG
GEF
GEF
Cash + ST InvestmentsLiquidity on hand
$1.5B
$243.5M
Total DebtLower is stronger
$2.2B
$655.1M
Stockholders' EquityBook value
$4.8B
$2.9B
Total Assets
$98.4B
$5.5B
Debt / EquityLower = less leverage
0.47×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
GEF
GEF
Q4 25
$1.5B
$243.5M
Q3 25
$2.2B
$285.2M
Q2 25
$1.9B
$252.7M
Q1 25
$3.3B
$201.1M
Q4 24
$2.3B
$197.7M
Q3 24
$3.5B
$194.2M
Q2 24
$3.5B
$196.0M
Q1 24
$2.4B
$179.3M
Total Debt
FG
FG
GEF
GEF
Q4 25
$2.2B
$655.1M
Q3 25
$2.2B
$2.3B
Q2 25
$2.2B
$2.4B
Q1 25
$2.2B
$2.5B
Q4 24
$2.2B
$2.7B
Q3 24
$2.0B
$2.9B
Q2 24
$2.0B
$2.9B
Q1 24
$1.7B
$2.3B
Stockholders' Equity
FG
FG
GEF
GEF
Q4 25
$4.8B
$2.9B
Q3 25
$4.8B
$2.2B
Q2 25
$4.4B
$2.1B
Q1 25
$4.4B
$2.0B
Q4 24
$4.0B
$2.1B
Q3 24
$4.3B
$2.1B
Q2 24
$3.7B
$2.0B
Q1 24
$3.5B
$2.0B
Total Assets
FG
FG
GEF
GEF
Q4 25
$98.4B
$5.5B
Q3 25
$96.1B
$6.7B
Q2 25
$91.8B
$6.8B
Q1 25
$88.0B
$6.6B
Q4 24
$85.0B
$6.6B
Q3 24
$84.1B
$6.8B
Q2 24
$78.5B
$6.8B
Q1 24
$74.4B
$6.0B
Debt / Equity
FG
FG
GEF
GEF
Q4 25
0.47×
0.22×
Q3 25
0.46×
1.06×
Q2 25
0.50×
1.12×
Q1 25
0.51×
1.24×
Q4 24
0.55×
1.31×
Q3 24
0.47×
1.41×
Q2 24
0.56×
1.44×
Q1 24
0.49×
1.15×

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
GEF
GEF
Operating Cash FlowLast quarter
$1.2B
$-24.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
9.13×
-0.14×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
GEF
GEF
Q4 25
$1.2B
$-24.4M
Q3 25
$937.0M
$197.7M
Q2 25
$1.6B
$136.4M
Q1 25
$956.0M
$-30.8M
Q4 24
$1.3B
$187.2M
Q3 24
$2.1B
$76.8M
Q2 24
$1.1B
$87.5M
Q1 24
$1.5B
$4.5M
Cash Conversion
FG
FG
GEF
GEF
Q4 25
9.13×
-0.14×
Q3 25
7.94×
3.09×
Q2 25
40.50×
2.88×
Q1 25
-3.58×
Q4 24
4.04×
2.67×
Q3 24
0.88×
Q2 24
5.20×
1.97×
Q1 24
13.34×
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

GEF
GEF

Other$501.0M50%
Sustainable Fiber Solutions Segment$300.4M30%
Customized Polymer Solutions Segment$124.8M13%
Durable Metal Solutions Segment$62.5M6%
Innovative Closure Solutions Segment$6.1M1%

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