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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and Graham Holdings Co (GHC). 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 1.4× Graham Holdings Co). Graham Holdings Co runs the higher net margin — 8.7% vs 7.3%, a 1.4% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 0.4%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs 4.2%).
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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
FG vs GHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.3B |
| Net Profit | $128.0M | $108.7M |
| Gross Margin | — | — |
| Operating Margin | — | 3.8% |
| Net Margin | 7.3% | 8.7% |
| Revenue YoY | 13.2% | 0.4% |
| Net Profit YoY | -60.9% | -80.2% |
| EPS (diluted) | $0.97 | $24.76 |
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 | $1.8B | $1.3B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| 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 | $1.2B |
| Q4 25 | $128.0M | $108.7M | ||
| Q3 25 | $118.0M | $122.9M | ||
| Q2 25 | $40.0M | $36.7M | ||
| Q1 25 | $-21.0M | $23.9M | ||
| Q4 24 | $327.0M | $548.8M | ||
| Q3 24 | $-6.0M | $72.5M | ||
| Q2 24 | $203.0M | $-21.0M | ||
| Q1 24 | $115.0M | $124.4M |
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | 7.3% | 8.7% | ||
| Q3 25 | 7.0% | 9.6% | ||
| Q2 25 | 2.9% | 3.0% | ||
| Q1 25 | -2.3% | 2.0% | ||
| Q4 24 | 21.0% | 44.1% | ||
| Q3 24 | -0.4% | 6.0% | ||
| Q2 24 | 17.3% | -1.8% | ||
| Q1 24 | 7.3% | 10.8% |
| Q4 25 | $0.97 | $24.76 | ||
| Q3 25 | $0.85 | $27.91 | ||
| Q2 25 | $0.26 | $8.35 | ||
| Q1 25 | $-0.20 | $5.45 | ||
| Q4 24 | $2.53 | $124.05 | ||
| Q3 24 | $-0.08 | $16.42 | ||
| Q2 24 | $1.55 | $-4.79 | ||
| Q1 24 | $0.88 | $27.72 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5B | $267.0M |
| Total DebtLower is stronger | $2.2B | — |
| Stockholders' EquityBook value | $4.8B | $4.8B |
| Total Assets | $98.4B | $8.4B |
| Debt / EquityLower = less leverage | 0.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $267.0M | ||
| Q3 25 | $2.2B | $190.8M | ||
| Q2 25 | $1.9B | $176.2M | ||
| Q1 25 | $3.3B | $156.7M | ||
| Q4 24 | $2.3B | $260.9M | ||
| Q3 24 | $3.5B | $244.4M | ||
| Q2 24 | $3.5B | $140.7M | ||
| Q1 24 | $2.4B | $130.9M |
| 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 | — |
| Q4 25 | $4.8B | $4.8B | ||
| Q3 25 | $4.8B | $4.5B | ||
| Q2 25 | $4.4B | $4.4B | ||
| Q1 25 | $4.4B | $4.3B | ||
| Q4 24 | $4.0B | $4.3B | ||
| Q3 24 | $4.3B | $4.0B | ||
| Q2 24 | $3.7B | $4.0B | ||
| Q1 24 | $3.5B | $4.0B |
| Q4 25 | $98.4B | $8.4B | ||
| Q3 25 | $96.1B | $7.9B | ||
| Q2 25 | $91.8B | $7.6B | ||
| Q1 25 | $88.0B | $7.6B | ||
| Q4 24 | $85.0B | $7.7B | ||
| Q3 24 | $84.1B | $7.4B | ||
| Q2 24 | $78.5B | $7.2B | ||
| Q1 24 | $74.4B | $7.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.2B | $28.3M |
| Free Cash FlowOCF − Capex | — | $5.0M |
| FCF MarginFCF / Revenue | — | 0.4% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | 9.13× | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $28.3M | ||
| Q3 25 | $937.0M | $178.1M | ||
| Q2 25 | $1.6B | $94.8M | ||
| Q1 25 | $956.0M | $46.0M | ||
| Q4 24 | $1.3B | $116.3M | ||
| Q3 24 | $2.1B | $237.6M | ||
| Q2 24 | $1.1B | $52.0M | ||
| Q1 24 | $1.5B | $1.1M |
| Q4 25 | — | $5.0M | ||
| Q3 25 | — | $161.8M | ||
| Q2 25 | — | $78.0M | ||
| Q1 25 | — | $30.5M | ||
| Q4 24 | — | $91.1M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | — | $33.7M | ||
| Q1 24 | — | $-20.2M |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | -1.8% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 9.13× | 0.26× | ||
| Q3 25 | 7.94× | 1.45× | ||
| Q2 25 | 40.50× | 2.58× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | 4.04× | 0.21× | ||
| Q3 24 | — | 3.28× | ||
| Q2 24 | 5.20× | — | ||
| Q1 24 | 13.34× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FG
Segment breakdown not available.
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
