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

OSHKOSH CORP is the larger business by last-quarter revenue ($2.7B vs $1.8B, roughly 1.5× F&G Annuities & Life, Inc.). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs 5.0%, a 2.3% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 3.5%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs 2.8%).

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.

Oshkosh Corporation, formerly Oshkosh Truck, is an American industrial company that designs and builds specialty trucks, military vehicles, truck bodies, airport fire apparatus, and access equipment. The corporation also owns Pierce Manufacturing, a fire apparatus manufacturer in Appleton, Wisconsin, and JLG Industries, a manufacturer of lift equipment, including aerial lifts, boom lifts, scissor lifts, telehandlers and low-level access lifts.

FG vs OSK — Head-to-Head

Bigger by revenue
OSK
OSK
1.5× larger
OSK
$2.7B
$1.8B
FG
Growing faster (revenue YoY)
FG
FG
+9.7% gap
FG
13.2%
3.5%
OSK
Higher net margin
FG
FG
2.3% more per $
FG
7.3%
5.0%
OSK
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
2.8%
OSK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FG
FG
OSK
OSK
Revenue
$1.8B
$2.7B
Net Profit
$128.0M
$133.8M
Gross Margin
15.8%
Operating Margin
7.9%
Net Margin
7.3%
5.0%
Revenue YoY
13.2%
3.5%
Net Profit YoY
-60.9%
-12.6%
EPS (diluted)
$0.97

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
OSK
OSK
Q4 25
$1.8B
$2.7B
Q3 25
$1.7B
$2.7B
Q2 25
$1.4B
$2.7B
Q1 25
$908.0M
$2.3B
Q4 24
$1.6B
$2.6B
Q3 24
$1.4B
$2.7B
Q2 24
$1.2B
$2.8B
Q1 24
$1.6B
$2.5B
Net Profit
FG
FG
OSK
OSK
Q4 25
$128.0M
$133.8M
Q3 25
$118.0M
$196.2M
Q2 25
$40.0M
$204.8M
Q1 25
$-21.0M
$112.2M
Q4 24
$327.0M
$153.1M
Q3 24
$-6.0M
$180.3M
Q2 24
$203.0M
$168.6M
Q1 24
$115.0M
$179.4M
Gross Margin
FG
FG
OSK
OSK
Q4 25
15.8%
Q3 25
17.5%
Q2 25
19.2%
Q1 25
17.3%
Q4 24
17.2%
Q3 24
18.5%
Q2 24
19.2%
Q1 24
18.5%
Operating Margin
FG
FG
OSK
OSK
Q4 25
7.9%
Q3 25
9.7%
Q2 25
10.7%
Q1 25
7.6%
Q4 24
8.6%
Q3 24
9.7%
Q2 24
9.2%
Q1 24
10.2%
Net Margin
FG
FG
OSK
OSK
Q4 25
7.3%
5.0%
Q3 25
7.0%
7.3%
Q2 25
2.9%
7.5%
Q1 25
-2.3%
4.9%
Q4 24
21.0%
5.9%
Q3 24
-0.4%
6.6%
Q2 24
17.3%
5.9%
Q1 24
7.3%
7.1%
EPS (diluted)
FG
FG
OSK
OSK
Q4 25
$0.97
Q3 25
$0.85
Q2 25
$0.26
Q1 25
$-0.20
Q4 24
$2.53
Q3 24
$-0.08
Q2 24
$1.55
Q1 24
$0.88

Balance Sheet & Financial Strength

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

Metric
FG
FG
OSK
OSK
Cash + ST InvestmentsLiquidity on hand
$1.5B
$479.8M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$4.8B
$4.5B
Total Assets
$98.4B
$10.1B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
OSK
OSK
Q4 25
$1.5B
$479.8M
Q3 25
$2.2B
$211.8M
Q2 25
$1.9B
$191.7M
Q1 25
$3.3B
$210.3M
Q4 24
$2.3B
$204.9M
Q3 24
$3.5B
$160.9M
Q2 24
$3.5B
$141.4M
Q1 24
$2.4B
$69.9M
Total Debt
FG
FG
OSK
OSK
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.0B
$602.3M
Q2 24
$2.0B
$599.1M
Q1 24
$1.7B
$598.9M
Stockholders' Equity
FG
FG
OSK
OSK
Q4 25
$4.8B
$4.5B
Q3 25
$4.8B
$4.5B
Q2 25
$4.4B
$4.5B
Q1 25
$4.4B
$4.2B
Q4 24
$4.0B
$4.2B
Q3 24
$4.3B
$4.1B
Q2 24
$3.7B
$3.9B
Q1 24
$3.5B
$3.8B
Total Assets
FG
FG
OSK
OSK
Q4 25
$98.4B
$10.1B
Q3 25
$96.1B
$9.8B
Q2 25
$91.8B
$10.0B
Q1 25
$88.0B
$9.8B
Q4 24
$85.0B
$9.4B
Q3 24
$84.1B
$9.9B
Q2 24
$78.5B
$9.7B
Q1 24
$74.4B
$9.5B
Debt / Equity
FG
FG
OSK
OSK
Q4 25
0.47×
Q3 25
0.46×
Q2 25
0.50×
Q1 25
0.51×
Q4 24
0.55×
Q3 24
0.47×
0.15×
Q2 24
0.56×
0.15×
Q1 24
0.49×
0.16×

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
OSK
OSK
Operating Cash FlowLast quarter
$1.2B
$600.1M
Free Cash FlowOCF − Capex
$540.3M
FCF MarginFCF / Revenue
20.1%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
9.13×
4.49×
TTM Free Cash FlowTrailing 4 quarters
$618.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
OSK
OSK
Q4 25
$1.2B
$600.1M
Q3 25
$937.0M
$489.0M
Q2 25
$1.6B
$89.2M
Q1 25
$956.0M
$-394.9M
Q4 24
$1.3B
$790.8M
Q3 24
$2.1B
$326.1M
Q2 24
$1.1B
$-211.0M
Q1 24
$1.5B
$-355.8M
Free Cash Flow
FG
FG
OSK
OSK
Q4 25
$540.3M
Q3 25
$464.3M
Q2 25
$48.6M
Q1 25
$-435.2M
Q4 24
$703.3M
Q3 24
$272.2M
Q2 24
$-250.5M
Q1 24
$-455.9M
FCF Margin
FG
FG
OSK
OSK
Q4 25
20.1%
Q3 25
17.3%
Q2 25
1.8%
Q1 25
-18.8%
Q4 24
27.1%
Q3 24
9.9%
Q2 24
-8.8%
Q1 24
-17.9%
Capex Intensity
FG
FG
OSK
OSK
Q4 25
2.2%
Q3 25
0.9%
Q2 25
1.5%
Q1 25
1.7%
Q4 24
3.4%
Q3 24
2.0%
Q2 24
1.4%
Q1 24
3.9%
Cash Conversion
FG
FG
OSK
OSK
Q4 25
9.13×
4.49×
Q3 25
7.94×
2.49×
Q2 25
40.50×
0.44×
Q1 25
-3.52×
Q4 24
4.04×
5.17×
Q3 24
1.81×
Q2 24
5.20×
-1.25×
Q1 24
13.34×
-1.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

OSK
OSK

Vocational Segment$922.4M34%
Aerial Works Platforms$548.6M20%
Other Access Equipment$311.8M12%
Telehandlers$311.2M12%
Airport Products$252.7M9%
Delivery Vehicles$165.0M6%
Other Vocational$130.7M5%
Transferred Over Time$23.5M1%

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