vs

Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and Organon & Co. (OGN). 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 $1.5B, roughly 1.2× Organon & Co.). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs -13.6%, a 20.9% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs -5.3%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs -3.6%).

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.

Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.

FG vs OGN — Head-to-Head

Bigger by revenue
FG
FG
1.2× larger
FG
$1.8B
$1.5B
OGN
Growing faster (revenue YoY)
FG
FG
+18.6% gap
FG
13.2%
-5.3%
OGN
Higher net margin
FG
FG
20.9% more per $
FG
7.3%
-13.6%
OGN
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
-3.6%
OGN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FG
FG
OGN
OGN
Revenue
$1.8B
$1.5B
Net Profit
$128.0M
$-205.0M
Gross Margin
49.2%
Operating Margin
-9.8%
Net Margin
7.3%
-13.6%
Revenue YoY
13.2%
-5.3%
Net Profit YoY
-60.9%
-288.1%
EPS (diluted)
$0.97
$-0.78

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
OGN
OGN
Q4 25
$1.8B
$1.5B
Q3 25
$1.7B
$1.6B
Q2 25
$1.4B
$1.6B
Q1 25
$908.0M
$1.5B
Q4 24
$1.6B
$1.6B
Q3 24
$1.4B
$1.6B
Q2 24
$1.2B
$1.6B
Q1 24
$1.6B
$1.6B
Net Profit
FG
FG
OGN
OGN
Q4 25
$128.0M
$-205.0M
Q3 25
$118.0M
$160.0M
Q2 25
$40.0M
$145.0M
Q1 25
$-21.0M
$87.0M
Q4 24
$327.0M
$109.0M
Q3 24
$-6.0M
$359.0M
Q2 24
$203.0M
$195.0M
Q1 24
$115.0M
$201.0M
Gross Margin
FG
FG
OGN
OGN
Q4 25
49.2%
Q3 25
53.5%
Q2 25
54.8%
Q1 25
55.6%
Q4 24
56.3%
Q3 24
58.3%
Q2 24
58.4%
Q1 24
59.0%
Operating Margin
FG
FG
OGN
OGN
Q4 25
-9.8%
Q3 25
15.2%
Q2 25
14.4%
Q1 25
6.7%
Q4 24
8.1%
Q3 24
13.1%
Q2 24
14.6%
Q1 24
14.5%
Net Margin
FG
FG
OGN
OGN
Q4 25
7.3%
-13.6%
Q3 25
7.0%
10.0%
Q2 25
2.9%
9.1%
Q1 25
-2.3%
5.8%
Q4 24
21.0%
6.8%
Q3 24
-0.4%
22.7%
Q2 24
17.3%
12.1%
Q1 24
7.3%
12.4%
EPS (diluted)
FG
FG
OGN
OGN
Q4 25
$0.97
$-0.78
Q3 25
$0.85
$0.61
Q2 25
$0.26
$0.56
Q1 25
$-0.20
$0.33
Q4 24
$2.53
$0.42
Q3 24
$-0.08
$1.38
Q2 24
$1.55
$0.75
Q1 24
$0.88
$0.78

Balance Sheet & Financial Strength

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

Metric
FG
FG
OGN
OGN
Cash + ST InvestmentsLiquidity on hand
$1.5B
$574.0M
Total DebtLower is stronger
$2.2B
$8.6B
Stockholders' EquityBook value
$4.8B
$752.0M
Total Assets
$98.4B
$12.9B
Debt / EquityLower = less leverage
0.47×
11.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
OGN
OGN
Q4 25
$1.5B
$574.0M
Q3 25
$2.2B
$672.0M
Q2 25
$1.9B
$599.0M
Q1 25
$3.3B
$547.0M
Q4 24
$2.3B
$675.0M
Q3 24
$3.5B
$763.0M
Q2 24
$3.5B
$704.0M
Q1 24
$2.4B
$575.0M
Total Debt
FG
FG
OGN
OGN
Q4 25
$2.2B
$8.6B
Q3 25
$2.2B
$8.8B
Q2 25
$2.2B
$8.9B
Q1 25
$2.2B
$9.0B
Q4 24
$2.2B
$8.9B
Q3 24
$2.0B
$8.7B
Q2 24
$2.0B
$8.7B
Q1 24
$1.7B
$8.7B
Stockholders' Equity
FG
FG
OGN
OGN
Q4 25
$4.8B
$752.0M
Q3 25
$4.8B
$906.0M
Q2 25
$4.4B
$733.0M
Q1 25
$4.4B
$542.0M
Q4 24
$4.0B
$472.0M
Q3 24
$4.3B
$493.0M
Q2 24
$3.7B
$144.0M
Q1 24
$3.5B
$48.0M
Total Assets
FG
FG
OGN
OGN
Q4 25
$98.4B
$12.9B
Q3 25
$96.1B
$13.6B
Q2 25
$91.8B
$13.5B
Q1 25
$88.0B
$13.2B
Q4 24
$85.0B
$13.1B
Q3 24
$84.1B
$12.8B
Q2 24
$78.5B
$12.2B
Q1 24
$74.4B
$11.9B
Debt / Equity
FG
FG
OGN
OGN
Q4 25
0.47×
11.49×
Q3 25
0.46×
9.74×
Q2 25
0.50×
12.14×
Q1 25
0.51×
16.52×
Q4 24
0.55×
18.81×
Q3 24
0.47×
17.75×
Q2 24
0.56×
60.11×
Q1 24
0.49×
181.54×

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
OGN
OGN
Operating Cash FlowLast quarter
$1.2B
$141.0M
Free Cash FlowOCF − Capex
$96.0M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
9.13×
TTM Free Cash FlowTrailing 4 quarters
$538.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
OGN
OGN
Q4 25
$1.2B
$141.0M
Q3 25
$937.0M
$264.0M
Q2 25
$1.6B
$220.0M
Q1 25
$956.0M
$75.0M
Q4 24
$1.3B
$390.0M
Q3 24
$2.1B
$141.0M
Q2 24
$1.1B
$332.0M
Q1 24
$1.5B
$76.0M
Free Cash Flow
FG
FG
OGN
OGN
Q4 25
$96.0M
Q3 25
$218.0M
Q2 25
$181.0M
Q1 25
$43.0M
Q4 24
$335.0M
Q3 24
$99.0M
Q2 24
$300.0M
Q1 24
$30.0M
FCF Margin
FG
FG
OGN
OGN
Q4 25
6.4%
Q3 25
13.6%
Q2 25
11.4%
Q1 25
2.8%
Q4 24
21.0%
Q3 24
6.3%
Q2 24
18.7%
Q1 24
1.8%
Capex Intensity
FG
FG
OGN
OGN
Q4 25
3.0%
Q3 25
2.9%
Q2 25
2.4%
Q1 25
2.1%
Q4 24
3.5%
Q3 24
2.7%
Q2 24
2.0%
Q1 24
2.8%
Cash Conversion
FG
FG
OGN
OGN
Q4 25
9.13×
Q3 25
7.94×
1.65×
Q2 25
40.50×
1.52×
Q1 25
0.86×
Q4 24
4.04×
3.58×
Q3 24
0.39×
Q2 24
5.20×
1.70×
Q1 24
13.34×
0.38×

Financial Flow Comparison

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

Related Comparisons