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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and Henry Schein (HSIC). Click either name above to swap in a different company.

Henry Schein is the larger business by last-quarter revenue ($3.4B vs $1.8B, roughly 1.9× F&G Annuities & Life, Inc.). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs 2.9%, a 4.3% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 7.7%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs 4.1%).

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.

Henry Schein, Inc. is an American distributor of health care products and services, with operations in 33 countries and territories. It is the world’s largest provider of health care solutions to office-based dental and medical practitioners. For 14 consecutive years, the company has been named as one of the World's Most Ethical Companies by Ethisphere, most recently in 2025.

FG vs HSIC — Head-to-Head

Bigger by revenue
HSIC
HSIC
1.9× larger
HSIC
$3.4B
$1.8B
FG
Growing faster (revenue YoY)
FG
FG
+5.5% gap
FG
13.2%
7.7%
HSIC
Higher net margin
FG
FG
4.3% more per $
FG
7.3%
2.9%
HSIC
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
4.1%
HSIC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FG
FG
HSIC
HSIC
Revenue
$1.8B
$3.4B
Net Profit
$128.0M
$101.0M
Gross Margin
30.9%
Operating Margin
4.7%
Net Margin
7.3%
2.9%
Revenue YoY
13.2%
7.7%
Net Profit YoY
-60.9%
7.4%
EPS (diluted)
$0.97
$0.85

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
HSIC
HSIC
Q4 25
$1.8B
$3.4B
Q3 25
$1.7B
$3.3B
Q2 25
$1.4B
$3.2B
Q1 25
$908.0M
$3.2B
Q4 24
$1.6B
$3.2B
Q3 24
$1.4B
$3.2B
Q2 24
$1.2B
$3.1B
Q1 24
$1.6B
$3.2B
Net Profit
FG
FG
HSIC
HSIC
Q4 25
$128.0M
$101.0M
Q3 25
$118.0M
$101.0M
Q2 25
$40.0M
$86.0M
Q1 25
$-21.0M
$110.0M
Q4 24
$327.0M
$94.0M
Q3 24
$-6.0M
$99.0M
Q2 24
$203.0M
$104.0M
Q1 24
$115.0M
$93.0M
Gross Margin
FG
FG
HSIC
HSIC
Q4 25
30.9%
Q3 25
30.7%
Q2 25
31.4%
Q1 25
31.6%
Q4 24
31.1%
Q3 24
31.3%
Q2 24
32.5%
Q1 24
31.9%
Operating Margin
FG
FG
HSIC
HSIC
Q4 25
4.7%
Q3 25
4.9%
Q2 25
4.7%
Q1 25
5.5%
Q4 24
4.9%
Q3 24
4.9%
Q2 24
5.1%
Q1 24
4.7%
Net Margin
FG
FG
HSIC
HSIC
Q4 25
7.3%
2.9%
Q3 25
7.0%
3.0%
Q2 25
2.9%
2.7%
Q1 25
-2.3%
3.5%
Q4 24
21.0%
2.9%
Q3 24
-0.4%
3.1%
Q2 24
17.3%
3.3%
Q1 24
7.3%
2.9%
EPS (diluted)
FG
FG
HSIC
HSIC
Q4 25
$0.97
$0.85
Q3 25
$0.85
$0.84
Q2 25
$0.26
$0.70
Q1 25
$-0.20
$0.88
Q4 24
$2.53
$0.75
Q3 24
$-0.08
$0.78
Q2 24
$1.55
$0.80
Q1 24
$0.88
$0.72

Balance Sheet & Financial Strength

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

Metric
FG
FG
HSIC
HSIC
Cash + ST InvestmentsLiquidity on hand
$1.5B
$156.0M
Total DebtLower is stronger
$2.2B
$2.3B
Stockholders' EquityBook value
$4.8B
$3.2B
Total Assets
$98.4B
$11.2B
Debt / EquityLower = less leverage
0.47×
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
HSIC
HSIC
Q4 25
$1.5B
$156.0M
Q3 25
$2.2B
$136.0M
Q2 25
$1.9B
$145.0M
Q1 25
$3.3B
$127.0M
Q4 24
$2.3B
$122.0M
Q3 24
$3.5B
$126.0M
Q2 24
$3.5B
$138.0M
Q1 24
$2.4B
$159.0M
Total Debt
FG
FG
HSIC
HSIC
Q4 25
$2.2B
$2.3B
Q3 25
$2.2B
$2.2B
Q2 25
$2.2B
$2.1B
Q1 25
$2.2B
$2.0B
Q4 24
$2.2B
$1.8B
Q3 24
$2.0B
$1.9B
Q2 24
$2.0B
$1.9B
Q1 24
$1.7B
$2.0B
Stockholders' Equity
FG
FG
HSIC
HSIC
Q4 25
$4.8B
$3.2B
Q3 25
$4.8B
$3.4B
Q2 25
$4.4B
$3.4B
Q1 25
$4.4B
$3.3B
Q4 24
$4.0B
$3.4B
Q3 24
$4.3B
$3.5B
Q2 24
$3.7B
$3.5B
Q1 24
$3.5B
$3.6B
Total Assets
FG
FG
HSIC
HSIC
Q4 25
$98.4B
$11.2B
Q3 25
$96.1B
$11.1B
Q2 25
$91.8B
$10.9B
Q1 25
$88.0B
$10.5B
Q4 24
$85.0B
$10.2B
Q3 24
$84.1B
$10.6B
Q2 24
$78.5B
$10.3B
Q1 24
$74.4B
$10.1B
Debt / Equity
FG
FG
HSIC
HSIC
Q4 25
0.47×
0.71×
Q3 25
0.46×
0.64×
Q2 25
0.50×
0.61×
Q1 25
0.51×
0.59×
Q4 24
0.55×
0.54×
Q3 24
0.47×
0.54×
Q2 24
0.56×
0.54×
Q1 24
0.49×
0.56×

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
HSIC
HSIC
Operating Cash FlowLast quarter
$1.2B
$381.0M
Free Cash FlowOCF − Capex
$338.0M
FCF MarginFCF / Revenue
9.8%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
9.13×
3.77×
TTM Free Cash FlowTrailing 4 quarters
$573.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
HSIC
HSIC
Q4 25
$1.2B
$381.0M
Q3 25
$937.0M
$174.0M
Q2 25
$1.6B
$120.0M
Q1 25
$956.0M
$37.0M
Q4 24
$1.3B
$204.0M
Q3 24
$2.1B
$151.0M
Q2 24
$1.1B
$296.0M
Q1 24
$1.5B
$197.0M
Free Cash Flow
FG
FG
HSIC
HSIC
Q4 25
$338.0M
Q3 25
$141.0M
Q2 25
$88.0M
Q1 25
$6.0M
Q4 24
$168.0M
Q3 24
$117.0M
Q2 24
$259.0M
Q1 24
$156.0M
FCF Margin
FG
FG
HSIC
HSIC
Q4 25
9.8%
Q3 25
4.2%
Q2 25
2.7%
Q1 25
0.2%
Q4 24
5.3%
Q3 24
3.7%
Q2 24
8.3%
Q1 24
4.9%
Capex Intensity
FG
FG
HSIC
HSIC
Q4 25
1.3%
Q3 25
1.0%
Q2 25
1.0%
Q1 25
1.0%
Q4 24
1.1%
Q3 24
1.1%
Q2 24
1.2%
Q1 24
1.3%
Cash Conversion
FG
FG
HSIC
HSIC
Q4 25
9.13×
3.77×
Q3 25
7.94×
1.72×
Q2 25
40.50×
1.40×
Q1 25
0.34×
Q4 24
4.04×
2.17×
Q3 24
1.53×
Q2 24
5.20×
2.85×
Q1 24
13.34×
2.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

HSIC
HSIC

Global Dental Merchandise$1.2B35%
Global Medical$1.1B31%
Global Dental Equipment$536.0M16%
Global Specialty Products$422.0M12%
Global Technology$173.0M5%
Global Value Added Services$64.0M2%
Equity Method Investee$14.0M0%

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