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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and Lamb Weston (LW). 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 $1.6B, roughly 1.1× Lamb Weston). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs 3.5%, a 3.8% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 2.9%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs -1.5%).

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.

Lamb Weston Holdings, Inc. is an American food processing company that is one of the world's largest producers and processors of frozen french fries, waffle fries, and other frozen potato products. It is headquartered in Eagle, Idaho, a suburb of Boise.

FG vs LW — Head-to-Head

Bigger by revenue
FG
FG
1.1× larger
FG
$1.8B
$1.6B
LW
Growing faster (revenue YoY)
FG
FG
+10.3% gap
FG
13.2%
2.9%
LW
Higher net margin
FG
FG
3.8% more per $
FG
7.3%
3.5%
LW
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
-1.5%
LW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FG
FG
LW
LW
Revenue
$1.8B
$1.6B
Net Profit
$128.0M
$54.0M
Gross Margin
21.2%
Operating Margin
8.1%
Net Margin
7.3%
3.5%
Revenue YoY
13.2%
2.9%
Net Profit YoY
-60.9%
-63.0%
EPS (diluted)
$0.97
$0.39

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
LW
LW
Q1 26
$1.6B
Q4 25
$1.8B
$1.6B
Q3 25
$1.7B
$1.7B
Q2 25
$1.4B
$1.7B
Q1 25
$908.0M
$1.5B
Q4 24
$1.6B
$1.6B
Q3 24
$1.4B
$1.7B
Q2 24
$1.2B
$1.6B
Net Profit
FG
FG
LW
LW
Q1 26
$54.0M
Q4 25
$128.0M
$62.1M
Q3 25
$118.0M
$64.3M
Q2 25
$40.0M
$119.9M
Q1 25
$-21.0M
$146.0M
Q4 24
$327.0M
$-36.1M
Q3 24
$-6.0M
$127.4M
Q2 24
$203.0M
$129.6M
Gross Margin
FG
FG
LW
LW
Q1 26
21.2%
Q4 25
20.0%
Q3 25
20.6%
Q2 25
20.4%
Q1 25
27.8%
Q4 24
17.4%
Q3 24
21.5%
Q2 24
24.1%
Operating Margin
FG
FG
LW
LW
Q1 26
8.1%
Q4 25
8.6%
Q3 25
9.4%
Q2 25
11.1%
Q1 25
16.4%
Q4 24
1.2%
Q3 24
12.8%
Q2 24
13.2%
Net Margin
FG
FG
LW
LW
Q1 26
3.5%
Q4 25
7.3%
3.8%
Q3 25
7.0%
3.9%
Q2 25
2.9%
7.2%
Q1 25
-2.3%
9.6%
Q4 24
21.0%
-2.3%
Q3 24
-0.4%
7.7%
Q2 24
17.3%
8.0%
EPS (diluted)
FG
FG
LW
LW
Q1 26
$0.39
Q4 25
$0.97
$0.44
Q3 25
$0.85
$0.46
Q2 25
$0.26
$0.84
Q1 25
$-0.20
$1.03
Q4 24
$2.53
$-0.25
Q3 24
$-0.08
$0.88
Q2 24
$1.55
$0.89

Balance Sheet & Financial Strength

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

Metric
FG
FG
LW
LW
Cash + ST InvestmentsLiquidity on hand
$1.5B
$57.5M
Total DebtLower is stronger
$2.2B
$3.6B
Stockholders' EquityBook value
$4.8B
$1.8B
Total Assets
$98.4B
$7.4B
Debt / EquityLower = less leverage
0.47×
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
LW
LW
Q1 26
$57.5M
Q4 25
$1.5B
$82.7M
Q3 25
$2.2B
$98.6M
Q2 25
$1.9B
$70.7M
Q1 25
$3.3B
$67.5M
Q4 24
$2.3B
$79.0M
Q3 24
$3.5B
$120.8M
Q2 24
$3.5B
$71.4M
Total Debt
FG
FG
LW
LW
Q1 26
$3.6B
Q4 25
$2.2B
$3.6B
Q3 25
$2.2B
$3.7B
Q2 25
$2.2B
$3.7B
Q1 25
$2.2B
$3.7B
Q4 24
$2.2B
$3.7B
Q3 24
$2.0B
$3.4B
Q2 24
$2.0B
$3.4B
Stockholders' Equity
FG
FG
LW
LW
Q1 26
$1.8B
Q4 25
$4.8B
$1.8B
Q3 25
$4.8B
$1.8B
Q2 25
$4.4B
$1.7B
Q1 25
$4.4B
$1.6B
Q4 24
$4.0B
$1.6B
Q3 24
$4.3B
$1.8B
Q2 24
$3.7B
$1.8B
Total Assets
FG
FG
LW
LW
Q1 26
$7.4B
Q4 25
$98.4B
$7.3B
Q3 25
$96.1B
$7.2B
Q2 25
$91.8B
$7.4B
Q1 25
$88.0B
$7.4B
Q4 24
$85.0B
$7.5B
Q3 24
$84.1B
$7.5B
Q2 24
$78.5B
$7.4B
Debt / Equity
FG
FG
LW
LW
Q1 26
1.99×
Q4 25
0.47×
2.08×
Q3 25
0.46×
2.05×
Q2 25
0.50×
2.12×
Q1 25
0.51×
2.25×
Q4 24
0.55×
2.26×
Q3 24
0.47×
1.87×
Q2 24
0.56×
1.92×

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
LW
LW
Operating Cash FlowLast quarter
$1.2B
$65.2M
Free Cash FlowOCF − Capex
$-36.3M
FCF MarginFCF / Revenue
-2.3%
Capex IntensityCapex / Revenue
6.5%
Cash ConversionOCF / Net Profit
9.13×
1.21×
TTM Free Cash FlowTrailing 4 quarters
$569.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
LW
LW
Q1 26
$65.2M
Q4 25
$1.2B
$178.4M
Q3 25
$937.0M
$352.0M
Q2 25
$1.6B
$868.3M
Q1 25
$956.0M
$56.0M
Q4 24
$1.3B
$99.1M
Q3 24
$2.1B
$330.2M
Q2 24
$1.1B
$798.2M
Free Cash Flow
FG
FG
LW
LW
Q1 26
$-36.3M
Q4 25
$101.0M
Q3 25
$274.4M
Q2 25
$230.1M
Q1 25
$-19.8M
Q4 24
$-49.6M
Q3 24
$4.3M
Q2 24
$-131.3M
FCF Margin
FG
FG
LW
LW
Q1 26
-2.3%
Q4 25
6.2%
Q3 25
16.5%
Q2 25
13.7%
Q1 25
-1.3%
Q4 24
-3.1%
Q3 24
0.3%
Q2 24
-8.1%
Capex Intensity
FG
FG
LW
LW
Q1 26
6.5%
Q4 25
4.8%
Q3 25
4.7%
Q2 25
38.1%
Q1 25
5.0%
Q4 24
9.3%
Q3 24
19.7%
Q2 24
57.7%
Cash Conversion
FG
FG
LW
LW
Q1 26
1.21×
Q4 25
9.13×
2.87×
Q3 25
7.94×
5.47×
Q2 25
40.50×
7.24×
Q1 25
0.38×
Q4 24
4.04×
Q3 24
2.59×
Q2 24
5.20×
6.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

LW
LW

Segments North America$1.0B66%
Segments International$529.8M34%

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