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

MATTEL INC is the larger business by last-quarter revenue ($1.8B vs $1.8B, roughly 1.0× F&G Annuities & Life, Inc.). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs 6.0%, a 1.2% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 7.3%). Over the past eight quarters, MATTEL INC's revenue compounded faster (47.7% CAGR vs 6.1%).

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.

Mattel Films was the film production division of American toy and entertainment company Mattel that operated from September 6, 2018 to June 2, 2025. It succeeded Mattel Playground Productions, which was formed on October 16, 2013 as part of Mattel Global Brands, a unified media structural and strategy unit, as itself the successor to Mattel Entertainment and Mattel Studios, Mattel's prior entertainment brands/banners.

FG vs MAT — Head-to-Head

Bigger by revenue
MAT
MAT
1.0× larger
MAT
$1.8B
$1.8B
FG
Growing faster (revenue YoY)
FG
FG
+5.9% gap
FG
13.2%
7.3%
MAT
Higher net margin
FG
FG
1.2% more per $
FG
7.3%
6.0%
MAT
Faster 2-yr revenue CAGR
MAT
MAT
Annualised
MAT
47.7%
6.1%
FG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FG
FG
MAT
MAT
Revenue
$1.8B
$1.8B
Net Profit
$128.0M
$106.2M
Gross Margin
45.9%
Operating Margin
8.0%
Net Margin
7.3%
6.0%
Revenue YoY
13.2%
7.3%
Net Profit YoY
-60.9%
-24.6%
EPS (diluted)
$0.97
$0.32

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
MAT
MAT
Q4 25
$1.8B
$1.8B
Q3 25
$1.7B
$1.7B
Q2 25
$1.4B
$1.0B
Q1 25
$908.0M
$826.6M
Q4 24
$1.6B
$1.6B
Q3 24
$1.4B
$1.8B
Q2 24
$1.2B
$1.1B
Q1 24
$1.6B
$809.5M
Net Profit
FG
FG
MAT
MAT
Q4 25
$128.0M
$106.2M
Q3 25
$118.0M
$278.4M
Q2 25
$40.0M
$53.4M
Q1 25
$-21.0M
$-40.3M
Q4 24
$327.0M
$140.9M
Q3 24
$-6.0M
$372.4M
Q2 24
$203.0M
$56.9M
Q1 24
$115.0M
$-28.3M
Gross Margin
FG
FG
MAT
MAT
Q4 25
45.9%
Q3 25
50.0%
Q2 25
50.9%
Q1 25
49.4%
Q4 24
50.7%
Q3 24
53.1%
Q2 24
49.2%
Q1 24
48.0%
Operating Margin
FG
FG
MAT
MAT
Q4 25
8.0%
Q3 25
21.9%
Q2 25
7.7%
Q1 25
-6.4%
Q4 24
9.6%
Q3 24
26.5%
Q2 24
7.7%
Q1 24
-4.4%
Net Margin
FG
FG
MAT
MAT
Q4 25
7.3%
6.0%
Q3 25
7.0%
16.0%
Q2 25
2.9%
5.2%
Q1 25
-2.3%
-4.9%
Q4 24
21.0%
8.6%
Q3 24
-0.4%
20.2%
Q2 24
17.3%
5.3%
Q1 24
7.3%
-3.5%
EPS (diluted)
FG
FG
MAT
MAT
Q4 25
$0.97
$0.32
Q3 25
$0.85
$0.88
Q2 25
$0.26
$0.16
Q1 25
$-0.20
$-0.12
Q4 24
$2.53
$0.40
Q3 24
$-0.08
$1.09
Q2 24
$1.55
$0.17
Q1 24
$0.88
$-0.08

Balance Sheet & Financial Strength

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

Metric
FG
FG
MAT
MAT
Cash + ST InvestmentsLiquidity on hand
$1.5B
$1.2B
Total DebtLower is stronger
$2.2B
$2.3B
Stockholders' EquityBook value
$4.8B
$2.2B
Total Assets
$98.4B
$6.6B
Debt / EquityLower = less leverage
0.47×
1.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
MAT
MAT
Q4 25
$1.5B
$1.2B
Q3 25
$2.2B
$691.9M
Q2 25
$1.9B
$870.5M
Q1 25
$3.3B
$1.2B
Q4 24
$2.3B
$1.4B
Q3 24
$3.5B
$723.5M
Q2 24
$3.5B
$722.4M
Q1 24
$2.4B
$1.1B
Total Debt
FG
FG
MAT
MAT
Q4 25
$2.2B
$2.3B
Q3 25
$2.2B
$2.3B
Q2 25
$2.2B
$2.3B
Q1 25
$2.2B
$2.3B
Q4 24
$2.2B
$2.3B
Q3 24
$2.0B
$2.3B
Q2 24
$2.0B
$2.3B
Q1 24
$1.7B
$2.3B
Stockholders' Equity
FG
FG
MAT
MAT
Q4 25
$4.8B
$2.2B
Q3 25
$4.8B
$2.3B
Q2 25
$4.4B
$2.2B
Q1 25
$4.4B
$2.1B
Q4 24
$4.0B
$2.3B
Q3 24
$4.3B
$2.3B
Q2 24
$3.7B
$2.0B
Q1 24
$3.5B
$2.0B
Total Assets
FG
FG
MAT
MAT
Q4 25
$98.4B
$6.6B
Q3 25
$96.1B
$6.6B
Q2 25
$91.8B
$6.2B
Q1 25
$88.0B
$6.2B
Q4 24
$85.0B
$6.5B
Q3 24
$84.1B
$6.5B
Q2 24
$78.5B
$5.9B
Q1 24
$74.4B
$6.1B
Debt / Equity
FG
FG
MAT
MAT
Q4 25
0.47×
1.04×
Q3 25
0.46×
1.03×
Q2 25
0.50×
1.08×
Q1 25
0.51×
1.10×
Q4 24
0.55×
1.03×
Q3 24
0.47×
1.01×
Q2 24
0.56×
1.18×
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
MAT
MAT
Operating Cash FlowLast quarter
$1.2B
$796.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
9.13×
7.50×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
MAT
MAT
Q4 25
$1.2B
$796.6M
Q3 25
$937.0M
$72.0M
Q2 25
$1.6B
$-300.1M
Q1 25
$956.0M
$24.8M
Q4 24
$1.3B
$862.1M
Q3 24
$2.1B
$155.8M
Q2 24
$1.1B
$-252.9M
Q1 24
$1.5B
$35.5M
Cash Conversion
FG
FG
MAT
MAT
Q4 25
9.13×
7.50×
Q3 25
7.94×
0.26×
Q2 25
40.50×
-5.62×
Q1 25
Q4 24
4.04×
6.12×
Q3 24
0.42×
Q2 24
5.20×
-4.45×
Q1 24
13.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

MAT
MAT

North America Segment$1.0B58%
International Segment$745.6M42%

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