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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and Pentair (PNR). 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 $1.0B, roughly 1.7× Pentair). Pentair runs the higher net margin — 16.6% vs 7.3%, a 9.4% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 2.6%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs -2.9%).

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.

Pentair plc (PNR) is an American water treatment company incorporated in Ireland with tax residency in UK, with its main U.S. office in Golden Valley, Minnesota. Pentair was founded in the US, with 65% of company's revenue coming from the US and Canada as of 2017. PNR was reorganized in 2014, shifting the corporate domicile from Switzerland to Ireland.

FG vs PNR — Head-to-Head

Bigger by revenue
FG
FG
1.7× larger
FG
$1.8B
$1.0B
PNR
Growing faster (revenue YoY)
FG
FG
+10.6% gap
FG
13.2%
2.6%
PNR
Higher net margin
PNR
PNR
9.4% more per $
PNR
16.6%
7.3%
FG
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
-2.9%
PNR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FG
FG
PNR
PNR
Revenue
$1.8B
$1.0B
Net Profit
$128.0M
$172.4M
Gross Margin
41.8%
Operating Margin
20.3%
Net Margin
7.3%
16.6%
Revenue YoY
13.2%
2.6%
Net Profit YoY
-60.9%
11.3%
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
PNR
PNR
Q1 26
$1.0B
Q4 25
$1.8B
$1.0B
Q3 25
$1.7B
$1.0B
Q2 25
$1.4B
$1.1B
Q1 25
$908.0M
$1.0B
Q4 24
$1.6B
$972.9M
Q3 24
$1.4B
$993.4M
Q2 24
$1.2B
$1.1B
Net Profit
FG
FG
PNR
PNR
Q1 26
$172.4M
Q4 25
$128.0M
$166.1M
Q3 25
$118.0M
$184.3M
Q2 25
$40.0M
$148.5M
Q1 25
$-21.0M
$154.9M
Q4 24
$327.0M
$166.4M
Q3 24
$-6.0M
$139.6M
Q2 24
$203.0M
$186.1M
Gross Margin
FG
FG
PNR
PNR
Q1 26
41.8%
Q4 25
40.4%
Q3 25
41.0%
Q2 25
40.7%
Q1 25
39.9%
Q4 24
38.8%
Q3 24
39.6%
Q2 24
39.8%
Operating Margin
FG
FG
PNR
PNR
Q1 26
20.3%
Q4 25
20.1%
Q3 25
22.7%
Q2 25
19.4%
Q1 25
20.1%
Q4 24
20.1%
Q3 24
18.1%
Q2 24
22.6%
Net Margin
FG
FG
PNR
PNR
Q1 26
16.6%
Q4 25
7.3%
16.3%
Q3 25
7.0%
18.0%
Q2 25
2.9%
13.2%
Q1 25
-2.3%
15.3%
Q4 24
21.0%
17.1%
Q3 24
-0.4%
14.1%
Q2 24
17.3%
16.9%
EPS (diluted)
FG
FG
PNR
PNR
Q1 26
Q4 25
$0.97
$1.01
Q3 25
$0.85
$1.12
Q2 25
$0.26
$0.90
Q1 25
$-0.20
$0.93
Q4 24
$2.53
$0.99
Q3 24
$-0.08
$0.84
Q2 24
$1.55
$1.11

Balance Sheet & Financial Strength

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

Metric
FG
FG
PNR
PNR
Cash + ST InvestmentsLiquidity on hand
$1.5B
$67.7M
Total DebtLower is stronger
$2.2B
$1.9B
Stockholders' EquityBook value
$4.8B
$3.8B
Total Assets
$98.4B
$7.1B
Debt / EquityLower = less leverage
0.47×
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
PNR
PNR
Q1 26
$67.7M
Q4 25
$1.5B
Q3 25
$2.2B
$128.4M
Q2 25
$1.9B
$143.0M
Q1 25
$3.3B
$140.6M
Q4 24
$2.3B
$118.7M
Q3 24
$3.5B
$218.1M
Q2 24
$3.5B
$214.3M
Total Debt
FG
FG
PNR
PNR
Q1 26
$1.9B
Q4 25
$2.2B
$1.6B
Q3 25
$2.2B
$1.6B
Q2 25
$2.2B
$1.4B
Q1 25
$2.2B
$1.8B
Q4 24
$2.2B
$1.6B
Q3 24
$2.0B
Q2 24
$2.0B
$1.8B
Stockholders' Equity
FG
FG
PNR
PNR
Q1 26
$3.8B
Q4 25
$4.8B
$3.9B
Q3 25
$4.8B
$3.8B
Q2 25
$4.4B
$3.7B
Q1 25
$4.4B
$3.6B
Q4 24
$4.0B
$3.6B
Q3 24
$4.3B
$3.5B
Q2 24
$3.7B
$3.4B
Total Assets
FG
FG
PNR
PNR
Q1 26
$7.1B
Q4 25
$98.4B
$6.9B
Q3 25
$96.1B
$6.8B
Q2 25
$91.8B
$6.5B
Q1 25
$88.0B
$6.7B
Q4 24
$85.0B
$6.4B
Q3 24
$84.1B
$6.5B
Q2 24
$78.5B
$6.5B
Debt / Equity
FG
FG
PNR
PNR
Q1 26
0.51×
Q4 25
0.47×
0.42×
Q3 25
0.46×
0.42×
Q2 25
0.50×
0.38×
Q1 25
0.51×
0.51×
Q4 24
0.55×
0.46×
Q3 24
0.47×
Q2 24
0.56×
0.51×

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
PNR
PNR
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
$-85.7M
FCF MarginFCF / Revenue
-8.3%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
9.13×
TTM Free Cash FlowTrailing 4 quarters
$716.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
PNR
PNR
Q1 26
Q4 25
$1.2B
$50.8M
Q3 25
$937.0M
$196.3M
Q2 25
$1.6B
$606.6M
Q1 25
$956.0M
$-38.9M
Q4 24
$1.3B
$86.5M
Q3 24
$2.1B
$248.6M
Q2 24
$1.1B
$539.2M
Free Cash Flow
FG
FG
PNR
PNR
Q1 26
$-85.7M
Q4 25
$27.1M
Q3 25
$178.9M
Q2 25
$595.7M
Q1 25
$-55.7M
Q4 24
$63.8M
Q3 24
$233.2M
Q2 24
$522.2M
FCF Margin
FG
FG
PNR
PNR
Q1 26
-8.3%
Q4 25
2.7%
Q3 25
17.5%
Q2 25
53.0%
Q1 25
-5.5%
Q4 24
6.6%
Q3 24
23.5%
Q2 24
47.5%
Capex Intensity
FG
FG
PNR
PNR
Q1 26
1.8%
Q4 25
2.3%
Q3 25
1.7%
Q2 25
1.0%
Q1 25
1.7%
Q4 24
2.3%
Q3 24
1.6%
Q2 24
1.5%
Cash Conversion
FG
FG
PNR
PNR
Q1 26
Q4 25
9.13×
0.31×
Q3 25
7.94×
1.07×
Q2 25
40.50×
4.08×
Q1 25
-0.25×
Q4 24
4.04×
0.52×
Q3 24
1.78×
Q2 24
5.20×
2.90×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

PNR
PNR

Water Solutions$391.0M38%
Pool$387.1M37%
Flow$258.1M25%

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