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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and OPEN TEXT CORP (OTEX). 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 $1.3B, roughly 1.3× OPEN TEXT CORP). OPEN TEXT CORP runs the higher net margin — 12.7% vs 7.3%, a 5.4% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs -0.6%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs -4.3%).

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.

Open Text Corporation is a global software company that develops and sells information management software.

FG vs OTEX — Head-to-Head

Bigger by revenue
FG
FG
1.3× larger
FG
$1.8B
$1.3B
OTEX
Growing faster (revenue YoY)
FG
FG
+13.8% gap
FG
13.2%
-0.6%
OTEX
Higher net margin
OTEX
OTEX
5.4% more per $
OTEX
12.7%
7.3%
FG
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
-4.3%
OTEX

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FG
FG
OTEX
OTEX
Revenue
$1.8B
$1.3B
Net Profit
$128.0M
$168.1M
Gross Margin
74.0%
Operating Margin
22.0%
Net Margin
7.3%
12.7%
Revenue YoY
13.2%
-0.6%
Net Profit YoY
-60.9%
-26.9%
EPS (diluted)
$0.97
$0.66

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
OTEX
OTEX
Q4 25
$1.8B
$1.3B
Q3 25
$1.7B
$1.3B
Q2 25
$1.4B
$1.3B
Q1 25
$908.0M
$1.3B
Q4 24
$1.6B
$1.3B
Q3 24
$1.4B
$1.3B
Q2 24
$1.2B
$1.4B
Q1 24
$1.6B
$1.4B
Net Profit
FG
FG
OTEX
OTEX
Q4 25
$128.0M
$168.1M
Q3 25
$118.0M
$146.6M
Q2 25
$40.0M
$28.8M
Q1 25
$-21.0M
$92.8M
Q4 24
$327.0M
$229.9M
Q3 24
$-6.0M
$84.4M
Q2 24
$203.0M
$248.2M
Q1 24
$115.0M
$98.3M
Gross Margin
FG
FG
OTEX
OTEX
Q4 25
74.0%
Q3 25
72.8%
Q2 25
72.3%
Q1 25
71.6%
Q4 24
73.3%
Q3 24
71.7%
Q2 24
72.5%
Q1 24
73.0%
Operating Margin
FG
FG
OTEX
OTEX
Q4 25
22.0%
Q3 25
21.0%
Q2 25
13.9%
Q1 25
16.7%
Q4 24
22.2%
Q3 24
16.3%
Q2 24
14.2%
Q1 24
15.7%
Net Margin
FG
FG
OTEX
OTEX
Q4 25
7.3%
12.7%
Q3 25
7.0%
11.4%
Q2 25
2.9%
2.2%
Q1 25
-2.3%
7.4%
Q4 24
21.0%
17.2%
Q3 24
-0.4%
6.6%
Q2 24
17.3%
18.2%
Q1 24
7.3%
6.8%
EPS (diluted)
FG
FG
OTEX
OTEX
Q4 25
$0.97
$0.66
Q3 25
$0.85
$0.58
Q2 25
$0.26
$0.11
Q1 25
$-0.20
$0.35
Q4 24
$2.53
$0.87
Q3 24
$-0.08
$0.32
Q2 24
$1.55
$0.91
Q1 24
$0.88
$0.36

Balance Sheet & Financial Strength

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

Metric
FG
FG
OTEX
OTEX
Cash + ST InvestmentsLiquidity on hand
$1.5B
$1.3B
Total DebtLower is stronger
$2.2B
$6.4B
Stockholders' EquityBook value
$4.8B
$4.0B
Total Assets
$98.4B
$13.6B
Debt / EquityLower = less leverage
0.47×
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
OTEX
OTEX
Q4 25
$1.5B
$1.3B
Q3 25
$2.2B
$1.1B
Q2 25
$1.9B
$1.2B
Q1 25
$3.3B
$1.3B
Q4 24
$2.3B
$1.1B
Q3 24
$3.5B
$1.0B
Q2 24
$3.5B
$1.3B
Q1 24
$2.4B
$1.1B
Total Debt
FG
FG
OTEX
OTEX
Q4 25
$2.2B
$6.4B
Q3 25
$2.2B
$6.4B
Q2 25
$2.2B
$6.4B
Q1 25
$2.2B
$6.4B
Q4 24
$2.2B
$6.4B
Q3 24
$2.0B
$6.4B
Q2 24
$2.0B
$6.4B
Q1 24
$1.7B
$8.4B
Stockholders' Equity
FG
FG
OTEX
OTEX
Q4 25
$4.8B
$4.0B
Q3 25
$4.8B
$4.0B
Q2 25
$4.4B
$3.9B
Q1 25
$4.4B
$4.1B
Q4 24
$4.0B
$4.2B
Q3 24
$4.3B
$4.1B
Q2 24
$3.7B
$4.2B
Q1 24
$3.5B
$4.1B
Total Assets
FG
FG
OTEX
OTEX
Q4 25
$98.4B
$13.6B
Q3 25
$96.1B
$13.5B
Q2 25
$91.8B
$13.8B
Q1 25
$88.0B
$13.8B
Q4 24
$85.0B
$13.7B
Q3 24
$84.1B
$13.8B
Q2 24
$78.5B
$14.2B
Q1 24
$74.4B
$16.4B
Debt / Equity
FG
FG
OTEX
OTEX
Q4 25
0.47×
1.58×
Q3 25
0.46×
1.61×
Q2 25
0.50×
1.62×
Q1 25
0.51×
1.55×
Q4 24
0.55×
1.51×
Q3 24
0.47×
1.55×
Q2 24
0.56×
1.52×
Q1 24
0.49×
2.02×

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
OTEX
OTEX
Operating Cash FlowLast quarter
$1.2B
$318.7M
Free Cash FlowOCF − Capex
$279.4M
FCF MarginFCF / Revenue
21.1%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
9.13×
1.90×
TTM Free Cash FlowTrailing 4 quarters
$878.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
OTEX
OTEX
Q4 25
$1.2B
$318.7M
Q3 25
$937.0M
$147.8M
Q2 25
$1.6B
$158.2M
Q1 25
$956.0M
$402.2M
Q4 24
$1.3B
$348.0M
Q3 24
$2.1B
$-77.8M
Q2 24
$1.1B
$185.2M
Q1 24
$1.5B
$384.7M
Free Cash Flow
FG
FG
OTEX
OTEX
Q4 25
$279.4M
Q3 25
$101.2M
Q2 25
$124.0M
Q1 25
$373.8M
Q4 24
$306.7M
Q3 24
$-117.1M
Q2 24
$145.2M
Q1 24
$348.2M
FCF Margin
FG
FG
OTEX
OTEX
Q4 25
21.1%
Q3 25
7.9%
Q2 25
9.5%
Q1 25
29.8%
Q4 24
23.0%
Q3 24
-9.2%
Q2 24
10.7%
Q1 24
24.1%
Capex Intensity
FG
FG
OTEX
OTEX
Q4 25
3.0%
Q3 25
3.6%
Q2 25
2.6%
Q1 25
2.3%
Q4 24
3.1%
Q3 24
3.1%
Q2 24
2.9%
Q1 24
2.5%
Cash Conversion
FG
FG
OTEX
OTEX
Q4 25
9.13×
1.90×
Q3 25
7.94×
1.01×
Q2 25
40.50×
5.49×
Q1 25
4.33×
Q4 24
4.04×
1.51×
Q3 24
-0.92×
Q2 24
5.20×
0.75×
Q1 24
13.34×
3.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

OTEX
OTEX

Transferred At Point In Time$184.2M14%
Cybersecurity Enterprise Product$174.5M13%
Business Network Product$159.8M12%
Business Network Cloud Services And Subscriptions$151.4M11%
Content Cloud Services And Subscriptions$137.9M10%
Cybersecurity SMB Consumer Product$127.6M10%
Application Delivery Management Product$120.1M9%
IT Operations Management Product$113.3M9%
Professional Service And Other$82.5M6%
Analytics Product$58.1M4%
IT Operations Management Cloud Services And Subscriptions$7.8M1%

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