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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and Liberty Global Ltd. (LBTYA). 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 $1.2B, roughly 1.4× Liberty Global Ltd.). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs -237.0%, a 244.2% gap on every dollar of revenue. On growth, Liberty Global Ltd. posted the faster year-over-year revenue change (187.2% vs 13.2%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs -20.4%).

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.

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

FG vs LBTYA — Head-to-Head

Bigger by revenue
FG
FG
1.4× larger
FG
$1.8B
$1.2B
LBTYA
Growing faster (revenue YoY)
LBTYA
LBTYA
+174.0% gap
LBTYA
187.2%
13.2%
FG
Higher net margin
FG
FG
244.2% more per $
FG
7.3%
-237.0%
LBTYA
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
-20.4%
LBTYA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FG
FG
LBTYA
LBTYA
Revenue
$1.8B
$1.2B
Net Profit
$128.0M
$-2.9B
Gross Margin
66.8%
Operating Margin
-8.6%
Net Margin
7.3%
-237.0%
Revenue YoY
13.2%
187.2%
Net Profit YoY
-60.9%
-230.0%
EPS (diluted)
$0.97
$-8.66

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
LBTYA
LBTYA
Q4 25
$1.8B
$1.2B
Q3 25
$1.7B
$1.2B
Q2 25
$1.4B
$1.3B
Q1 25
$908.0M
$1.2B
Q4 24
$1.6B
$-1.4B
Q3 24
$1.4B
$1.9B
Q2 24
$1.2B
$1.9B
Q1 24
$1.6B
$1.9B
Net Profit
FG
FG
LBTYA
LBTYA
Q4 25
$128.0M
$-2.9B
Q3 25
$118.0M
$-90.7M
Q2 25
$40.0M
$-2.8B
Q1 25
$-21.0M
$-1.3B
Q4 24
$327.0M
$2.2B
Q3 24
$-6.0M
$-1.4B
Q2 24
$203.0M
$268.1M
Q1 24
$115.0M
$510.0M
Gross Margin
FG
FG
LBTYA
LBTYA
Q4 25
66.8%
Q3 25
67.5%
Q2 25
63.3%
Q1 25
65.6%
Q4 24
Q3 24
69.4%
Q2 24
68.5%
Q1 24
65.4%
Operating Margin
FG
FG
LBTYA
LBTYA
Q4 25
-8.6%
Q3 25
-0.7%
Q2 25
2.3%
Q1 25
5.2%
Q4 24
Q3 24
5.2%
Q2 24
1.0%
Q1 24
1.2%
Net Margin
FG
FG
LBTYA
LBTYA
Q4 25
7.3%
-237.0%
Q3 25
7.0%
-7.5%
Q2 25
2.9%
-220.1%
Q1 25
-2.3%
-114.2%
Q4 24
21.0%
-158.9%
Q3 24
-0.4%
-74.1%
Q2 24
17.3%
14.3%
Q1 24
7.3%
26.2%
EPS (diluted)
FG
FG
LBTYA
LBTYA
Q4 25
$0.97
$-8.66
Q3 25
$0.85
$-0.27
Q2 25
$0.26
$-8.09
Q1 25
$-0.20
$-3.84
Q4 24
$2.53
$6.15
Q3 24
$-0.08
$-3.95
Q2 24
$1.55
$0.71
Q1 24
$0.88
$1.32

Balance Sheet & Financial Strength

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

Metric
FG
FG
LBTYA
LBTYA
Cash + ST InvestmentsLiquidity on hand
$1.5B
$2.2B
Total DebtLower is stronger
$2.2B
$7.8B
Stockholders' EquityBook value
$4.8B
$9.7B
Total Assets
$98.4B
$22.6B
Debt / EquityLower = less leverage
0.47×
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
LBTYA
LBTYA
Q4 25
$1.5B
$2.2B
Q3 25
$2.2B
$1.7B
Q2 25
$1.9B
$3.1B
Q1 25
$3.3B
$2.0B
Q4 24
$2.3B
$2.2B
Q3 24
$3.5B
$3.3B
Q2 24
$3.5B
$3.2B
Q1 24
$2.4B
$2.8B
Total Debt
FG
FG
LBTYA
LBTYA
Q4 25
$2.2B
$7.8B
Q3 25
$2.2B
$7.8B
Q2 25
$2.2B
$7.8B
Q1 25
$2.2B
$8.2B
Q4 24
$2.2B
$8.2B
Q3 24
$2.0B
$14.9B
Q2 24
$2.0B
$14.7B
Q1 24
$1.7B
$14.8B
Stockholders' Equity
FG
FG
LBTYA
LBTYA
Q4 25
$4.8B
$9.7B
Q3 25
$4.8B
$12.7B
Q2 25
$4.4B
$13.0B
Q1 25
$4.4B
$12.6B
Q4 24
$4.0B
$12.4B
Q3 24
$4.3B
$18.7B
Q2 24
$3.7B
$18.3B
Q1 24
$3.5B
$18.4B
Total Assets
FG
FG
LBTYA
LBTYA
Q4 25
$98.4B
$22.6B
Q3 25
$96.1B
$25.4B
Q2 25
$91.8B
$27.2B
Q1 25
$88.0B
$26.0B
Q4 24
$85.0B
$25.4B
Q3 24
$84.1B
$41.8B
Q2 24
$78.5B
$40.8B
Q1 24
$74.4B
$40.6B
Debt / Equity
FG
FG
LBTYA
LBTYA
Q4 25
0.47×
0.80×
Q3 25
0.46×
0.61×
Q2 25
0.50×
0.60×
Q1 25
0.51×
0.65×
Q4 24
0.55×
0.66×
Q3 24
0.47×
0.80×
Q2 24
0.56×
0.80×
Q1 24
0.49×
0.80×

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
LBTYA
LBTYA
Operating Cash FlowLast quarter
$1.2B
$630.9M
Free Cash FlowOCF − Capex
$193.3M
FCF MarginFCF / Revenue
15.7%
Capex IntensityCapex / Revenue
35.5%
Cash ConversionOCF / Net Profit
9.13×
TTM Free Cash FlowTrailing 4 quarters
$-132.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
LBTYA
LBTYA
Q4 25
$1.2B
$630.9M
Q3 25
$937.0M
$301.8M
Q2 25
$1.6B
$149.2M
Q1 25
$956.0M
$129.2M
Q4 24
$1.3B
$791.6M
Q3 24
$2.1B
$449.5M
Q2 24
$1.1B
$546.1M
Q1 24
$1.5B
$245.7M
Free Cash Flow
FG
FG
LBTYA
LBTYA
Q4 25
$193.3M
Q3 25
$-41.1M
Q2 25
$-170.1M
Q1 25
$-114.1M
Q4 24
$712.9M
Q3 24
$102.4M
Q2 24
$256.8M
Q1 24
$-105.1M
FCF Margin
FG
FG
LBTYA
LBTYA
Q4 25
15.7%
Q3 25
-3.4%
Q2 25
-13.4%
Q1 25
-9.7%
Q4 24
-50.5%
Q3 24
5.3%
Q2 24
13.7%
Q1 24
-5.4%
Capex Intensity
FG
FG
LBTYA
LBTYA
Q4 25
35.5%
Q3 25
28.4%
Q2 25
25.2%
Q1 25
20.8%
Q4 24
-5.6%
Q3 24
17.9%
Q2 24
15.4%
Q1 24
18.0%
Cash Conversion
FG
FG
LBTYA
LBTYA
Q4 25
9.13×
Q3 25
7.94×
Q2 25
40.50×
Q1 25
Q4 24
4.04×
0.35×
Q3 24
Q2 24
5.20×
2.04×
Q1 24
13.34×
0.48×

Financial Flow Comparison

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

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