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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and PACS Group, Inc. (PACS). 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 $1.4B, roughly 1.3× PACS Group, Inc.). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs 4.4%, a 2.9% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 13.2%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.
FG vs PACS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.4B |
| Net Profit | $128.0M | $59.7M |
| Gross Margin | — | — |
| Operating Margin | — | 7.0% |
| Net Margin | 7.3% | 4.4% |
| Revenue YoY | 13.2% | 18.4% |
| Net Profit YoY | -60.9% | 3022.5% |
| EPS (diluted) | $0.97 | $0.42 |
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.
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $908.0M | $1.3B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.2B | $981.4M | ||
| Q1 24 | $1.6B | $934.3M |
| Q4 25 | $128.0M | $59.7M | ||
| Q3 25 | $118.0M | $52.4M | ||
| Q2 25 | $40.0M | $51.0M | ||
| Q1 25 | $-21.0M | $28.5M | ||
| Q4 24 | $327.0M | $1.9M | ||
| Q3 24 | $-6.0M | $15.6M | ||
| Q2 24 | $203.0M | $-10.9M | ||
| Q1 24 | $115.0M | $49.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.2% |
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 8.6% |
| Q4 25 | 7.3% | 4.4% | ||
| Q3 25 | 7.0% | 3.9% | ||
| Q2 25 | 2.9% | 3.9% | ||
| Q1 25 | -2.3% | 2.2% | ||
| Q4 24 | 21.0% | 0.2% | ||
| Q3 24 | -0.4% | 1.5% | ||
| Q2 24 | 17.3% | -1.1% | ||
| Q1 24 | 7.3% | 5.3% |
| Q4 25 | $0.97 | $0.42 | ||
| Q3 25 | $0.85 | $0.32 | ||
| Q2 25 | $0.26 | $0.31 | ||
| Q1 25 | $-0.20 | $0.17 | ||
| Q4 24 | $2.53 | $-0.03 | ||
| Q3 24 | $-0.08 | $0.10 | ||
| Q2 24 | $1.55 | $-0.07 | ||
| Q1 24 | $0.88 | $0.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5B | $197.0M |
| Total DebtLower is stronger | $2.2B | $353.2M |
| Stockholders' EquityBook value | $4.8B | $946.8M |
| Total Assets | $98.4B | $5.6B |
| Debt / EquityLower = less leverage | 0.47× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $197.0M | ||
| Q3 25 | $2.2B | $355.7M | ||
| Q2 25 | $1.9B | $294.2M | ||
| Q1 25 | $3.3B | $287.5M | ||
| Q4 24 | $2.3B | $157.7M | ||
| Q3 24 | $3.5B | $49.5M | ||
| Q2 24 | $3.5B | $73.4M | ||
| Q1 24 | $2.4B | $81.2M |
| Q4 25 | $2.2B | $353.2M | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | $411.9M | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $1.7B | — |
| Q4 25 | $4.8B | $946.8M | ||
| Q3 25 | $4.8B | $871.3M | ||
| Q2 25 | $4.4B | $806.8M | ||
| Q1 25 | $4.4B | $750.2M | ||
| Q4 24 | $4.0B | $709.6M | ||
| Q3 24 | $4.3B | $660.0M | ||
| Q2 24 | $3.7B | $572.1M | ||
| Q1 24 | $3.5B | $128.0M |
| Q4 25 | $98.4B | $5.6B | ||
| Q3 25 | $96.1B | $5.6B | ||
| Q2 25 | $91.8B | $5.5B | ||
| Q1 25 | $88.0B | $5.5B | ||
| Q4 24 | $85.0B | $5.2B | ||
| Q3 24 | $84.1B | $4.5B | ||
| Q2 24 | $78.5B | $3.9B | ||
| Q1 24 | $74.4B | $3.9B |
| Q4 25 | 0.47× | 0.37× | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.55× | 0.58× | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.49× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.2B | $-3.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 9.13× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $-3.4M | ||
| Q3 25 | $937.0M | $204.8M | ||
| Q2 25 | $1.6B | $52.6M | ||
| Q1 25 | $956.0M | $150.2M | ||
| Q4 24 | $1.3B | $64.6M | ||
| Q3 24 | $2.1B | $209.2M | ||
| Q2 24 | $1.1B | $34.8M | ||
| Q1 24 | $1.5B | $58.8M |
| Q4 25 | 9.13× | -0.06× | ||
| Q3 25 | 7.94× | 3.91× | ||
| Q2 25 | 40.50× | 1.03× | ||
| Q1 25 | — | 5.28× | ||
| Q4 24 | 4.04× | 33.78× | ||
| Q3 24 | — | 13.39× | ||
| Q2 24 | 5.20× | — | ||
| Q1 24 | 13.34× | 1.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
