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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and News Corp (Class A) (NWSA). Click either name above to swap in a different company.

News Corp (Class A) is the larger business by last-quarter revenue ($2.4B vs $1.8B, roughly 1.3× F&G Annuities & Life, Inc.). News Corp (Class A) runs the higher net margin — 8.2% vs 7.3%, a 0.9% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 5.5%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs -1.3%).

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.

News is information about current events. This may be provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, or through the testimony of observers and witnesses to events. News is sometimes called "hard news" to differentiate it from soft media.

FG vs NWSA — Head-to-Head

Bigger by revenue
NWSA
NWSA
1.3× larger
NWSA
$2.4B
$1.8B
FG
Growing faster (revenue YoY)
FG
FG
+7.7% gap
FG
13.2%
5.5%
NWSA
Higher net margin
NWSA
NWSA
0.9% more per $
NWSA
8.2%
7.3%
FG
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
-1.3%
NWSA

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FG
FG
NWSA
NWSA
Revenue
$1.8B
$2.4B
Net Profit
$128.0M
$193.0M
Gross Margin
Operating Margin
Net Margin
7.3%
8.2%
Revenue YoY
13.2%
5.5%
Net Profit YoY
-60.9%
-10.2%
EPS (diluted)
$0.97
$0.34

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
NWSA
NWSA
Q4 25
$1.8B
$2.4B
Q3 25
$1.7B
$2.1B
Q2 25
$1.4B
$1.6B
Q1 25
$908.0M
$2.0B
Q4 24
$1.6B
$2.2B
Q3 24
$1.4B
$2.6B
Q2 24
$1.2B
$2.6B
Q1 24
$1.6B
$2.4B
Net Profit
FG
FG
NWSA
NWSA
Q4 25
$128.0M
$193.0M
Q3 25
$118.0M
$112.0M
Q2 25
$40.0M
$743.0M
Q1 25
$-21.0M
$103.0M
Q4 24
$327.0M
$215.0M
Q3 24
$-6.0M
$119.0M
Q2 24
$203.0M
$50.0M
Q1 24
$115.0M
$30.0M
Operating Margin
FG
FG
NWSA
NWSA
Q4 25
Q3 25
Q2 25
8.5%
Q1 25
7.5%
Q4 24
19.2%
Q3 24
7.9%
Q2 24
4.3%
Q1 24
2.6%
Net Margin
FG
FG
NWSA
NWSA
Q4 25
7.3%
8.2%
Q3 25
7.0%
5.2%
Q2 25
2.9%
45.6%
Q1 25
-2.3%
5.1%
Q4 24
21.0%
9.6%
Q3 24
-0.4%
4.6%
Q2 24
17.3%
1.9%
Q1 24
7.3%
1.2%
EPS (diluted)
FG
FG
NWSA
NWSA
Q4 25
$0.97
$0.34
Q3 25
$0.85
$0.20
Q2 25
$0.26
$1.30
Q1 25
$-0.20
$0.18
Q4 24
$2.53
$0.38
Q3 24
$-0.08
$0.21
Q2 24
$1.55
$0.09
Q1 24
$0.88
$0.05

Balance Sheet & Financial Strength

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

Metric
FG
FG
NWSA
NWSA
Cash + ST InvestmentsLiquidity on hand
$1.5B
$2.1B
Total DebtLower is stronger
$2.2B
$2.0B
Stockholders' EquityBook value
$4.8B
$8.8B
Total Assets
$98.4B
$15.5B
Debt / EquityLower = less leverage
0.47×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
NWSA
NWSA
Q4 25
$1.5B
$2.1B
Q3 25
$2.2B
$2.2B
Q2 25
$1.9B
$2.4B
Q1 25
$3.3B
$2.1B
Q4 24
$2.3B
$1.8B
Q3 24
$3.5B
$1.8B
Q2 24
$3.5B
$2.0B
Q1 24
$2.4B
$1.9B
Total Debt
FG
FG
NWSA
NWSA
Q4 25
$2.2B
$2.0B
Q3 25
$2.2B
$2.0B
Q2 25
$2.2B
$2.0B
Q1 25
$2.2B
$2.0B
Q4 24
$2.2B
$2.0B
Q3 24
$2.0B
$2.9B
Q2 24
$2.0B
$2.9B
Q1 24
$1.7B
$2.9B
Stockholders' Equity
FG
FG
NWSA
NWSA
Q4 25
$4.8B
$8.8B
Q3 25
$4.8B
$8.7B
Q2 25
$4.4B
$8.8B
Q1 25
$4.4B
$8.2B
Q4 24
$4.0B
$8.1B
Q3 24
$4.3B
$8.3B
Q2 24
$3.7B
$8.1B
Q1 24
$3.5B
$8.1B
Total Assets
FG
FG
NWSA
NWSA
Q4 25
$98.4B
$15.5B
Q3 25
$96.1B
$15.3B
Q2 25
$91.8B
$15.5B
Q1 25
$88.0B
$16.6B
Q4 24
$85.0B
$16.2B
Q3 24
$84.1B
$16.9B
Q2 24
$78.5B
$16.7B
Q1 24
$74.4B
$16.5B
Debt / Equity
FG
FG
NWSA
NWSA
Q4 25
0.47×
0.22×
Q3 25
0.46×
0.22×
Q2 25
0.50×
0.22×
Q1 25
0.51×
0.24×
Q4 24
0.55×
0.24×
Q3 24
0.47×
0.35×
Q2 24
0.56×
0.36×
Q1 24
0.49×
0.36×

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
NWSA
NWSA
Operating Cash FlowLast quarter
$1.2B
$231.0M
Free Cash FlowOCF − Capex
$132.0M
FCF MarginFCF / Revenue
5.6%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
9.13×
1.20×
TTM Free Cash FlowTrailing 4 quarters
$586.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
NWSA
NWSA
Q4 25
$1.2B
$231.0M
Q3 25
$937.0M
$85.0M
Q2 25
$1.6B
$189.0M
Q1 25
$956.0M
$511.0M
Q4 24
$1.3B
$252.0M
Q3 24
$2.1B
$64.0M
Q2 24
$1.1B
$254.0M
Q1 24
$1.5B
$539.0M
Free Cash Flow
FG
FG
NWSA
NWSA
Q4 25
$132.0M
Q3 25
$4.0M
Q2 25
$32.0M
Q1 25
$418.0M
Q4 24
$190.0M
Q3 24
$-31.0M
Q2 24
$111.0M
Q1 24
$422.0M
FCF Margin
FG
FG
NWSA
NWSA
Q4 25
5.6%
Q3 25
0.2%
Q2 25
2.0%
Q1 25
20.8%
Q4 24
8.5%
Q3 24
-1.2%
Q2 24
4.3%
Q1 24
17.4%
Capex Intensity
FG
FG
NWSA
NWSA
Q4 25
4.2%
Q3 25
3.8%
Q2 25
9.6%
Q1 25
4.6%
Q4 24
2.8%
Q3 24
3.7%
Q2 24
5.5%
Q1 24
4.8%
Cash Conversion
FG
FG
NWSA
NWSA
Q4 25
9.13×
1.20×
Q3 25
7.94×
0.76×
Q2 25
40.50×
0.25×
Q1 25
4.96×
Q4 24
4.04×
1.17×
Q3 24
0.54×
Q2 24
5.20×
5.08×
Q1 24
13.34×
17.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

NWSA
NWSA

Book Publishing Segment$633.0M27%
Consumer$607.0M26%
News And Information Services Segment$570.0M24%
Real Estate$401.0M17%
Other Product Or Service$173.0M7%

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