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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and PARSONS CORP (PSN). 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× PARSONS CORP). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs 3.5%, a 3.7% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 3.0%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs -5.5%).

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.

Parsons Corporation is an American multinational technology-focused defense, intelligence, and infrastructure engineering firm. Founded in 1944, Parsons is headquartered in Chantilly, Virginia, and serves both government and private sector organizations in more than 30 countries.

FG vs PSN — Head-to-Head

Bigger by revenue
FG
FG
1.2× larger
FG
$1.8B
$1.5B
PSN
Growing faster (revenue YoY)
FG
FG
+10.3% gap
FG
13.2%
3.0%
PSN
Higher net margin
FG
FG
3.7% more per $
FG
7.3%
3.5%
PSN
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
-5.5%
PSN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FG
FG
PSN
PSN
Revenue
$1.8B
$1.5B
Net Profit
$128.0M
$52.9M
Gross Margin
Operating Margin
6.4%
Net Margin
7.3%
3.5%
Revenue YoY
13.2%
3.0%
Net Profit YoY
-60.9%
-20.1%
EPS (diluted)
$0.97
$0.49

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
PSN
PSN
Q1 26
$1.5B
Q4 25
$1.8B
$1.6B
Q3 25
$1.7B
$1.6B
Q2 25
$1.4B
$1.6B
Q1 25
$908.0M
$1.6B
Q4 24
$1.6B
$1.7B
Q3 24
$1.4B
$1.8B
Q2 24
$1.2B
$1.7B
Net Profit
FG
FG
PSN
PSN
Q1 26
$52.9M
Q4 25
$128.0M
$55.6M
Q3 25
$118.0M
$64.1M
Q2 25
$40.0M
$55.2M
Q1 25
$-21.0M
$66.2M
Q4 24
$327.0M
$201.3M
Q3 24
$-6.0M
$72.0M
Q2 24
$203.0M
$69.2M
Gross Margin
FG
FG
PSN
PSN
Q1 26
Q4 25
23.0%
Q3 25
22.2%
Q2 25
22.0%
Q1 25
22.8%
Q4 24
21.3%
Q3 24
19.9%
Q2 24
21.0%
Operating Margin
FG
FG
PSN
PSN
Q1 26
6.4%
Q4 25
6.6%
Q3 25
6.7%
Q2 25
6.0%
Q1 25
7.0%
Q4 24
5.8%
Q3 24
6.4%
Q2 24
6.7%
Net Margin
FG
FG
PSN
PSN
Q1 26
3.5%
Q4 25
7.3%
3.5%
Q3 25
7.0%
4.0%
Q2 25
2.9%
3.5%
Q1 25
-2.3%
4.3%
Q4 24
21.0%
11.6%
Q3 24
-0.4%
4.0%
Q2 24
17.3%
4.1%
EPS (diluted)
FG
FG
PSN
PSN
Q1 26
$0.49
Q4 25
$0.97
$0.51
Q3 25
$0.85
$0.59
Q2 25
$0.26
$0.50
Q1 25
$-0.20
$0.60
Q4 24
$2.53
$1.85
Q3 24
$-0.08
$0.65
Q2 24
$1.55
$0.63

Balance Sheet & Financial Strength

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

Metric
FG
FG
PSN
PSN
Cash + ST InvestmentsLiquidity on hand
$1.5B
Total DebtLower is stronger
$2.2B
$1.5B
Stockholders' EquityBook value
$4.8B
$2.8B
Total Assets
$98.4B
$6.0B
Debt / EquityLower = less leverage
0.47×
0.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
PSN
PSN
Q1 26
Q4 25
$1.5B
$466.4M
Q3 25
$2.2B
$422.6M
Q2 25
$1.9B
$411.3M
Q1 25
$3.3B
$269.7M
Q4 24
$2.3B
$453.5M
Q3 24
$3.5B
$558.8M
Q2 24
$3.5B
$528.5M
Total Debt
FG
FG
PSN
PSN
Q1 26
$1.5B
Q4 25
$2.2B
$1.2B
Q3 25
$2.2B
$1.2B
Q2 25
$2.2B
$1.2B
Q1 25
$2.2B
$785.2M
Q4 24
$2.2B
$784.1M
Q3 24
$2.0B
$1.1B
Q2 24
$2.0B
$1.2B
Stockholders' Equity
FG
FG
PSN
PSN
Q1 26
$2.8B
Q4 25
$4.8B
$2.6B
Q3 25
$4.8B
$2.6B
Q2 25
$4.4B
$2.5B
Q1 25
$4.4B
$2.5B
Q4 24
$4.0B
$2.4B
Q3 24
$4.3B
$2.3B
Q2 24
$3.7B
$2.2B
Total Assets
FG
FG
PSN
PSN
Q1 26
$6.0B
Q4 25
$98.4B
$5.8B
Q3 25
$96.1B
$5.7B
Q2 25
$91.8B
$5.7B
Q1 25
$88.0B
$5.4B
Q4 24
$85.0B
$5.5B
Q3 24
$84.1B
$5.4B
Q2 24
$78.5B
$5.2B
Debt / Equity
FG
FG
PSN
PSN
Q1 26
0.55×
Q4 25
0.47×
0.47×
Q3 25
0.46×
0.48×
Q2 25
0.50×
0.49×
Q1 25
0.51×
0.32×
Q4 24
0.55×
0.32×
Q3 24
0.47×
0.49×
Q2 24
0.56×
0.56×

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
PSN
PSN
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
9.13×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
PSN
PSN
Q1 26
Q4 25
$1.2B
$167.5M
Q3 25
$937.0M
$162.8M
Q2 25
$1.6B
$159.8M
Q1 25
$956.0M
$-11.8M
Q4 24
$1.3B
$126.8M
Q3 24
$2.1B
$299.0M
Q2 24
$1.1B
$161.2M
Free Cash Flow
FG
FG
PSN
PSN
Q1 26
Q4 25
$135.6M
Q3 25
$149.7M
Q2 25
$150.4M
Q1 25
$-25.3M
Q4 24
$108.0M
Q3 24
$287.3M
Q2 24
$152.0M
FCF Margin
FG
FG
PSN
PSN
Q1 26
Q4 25
8.5%
Q3 25
9.2%
Q2 25
9.5%
Q1 25
-1.6%
Q4 24
6.2%
Q3 24
15.9%
Q2 24
9.1%
Capex Intensity
FG
FG
PSN
PSN
Q1 26
Q4 25
2.0%
Q3 25
0.8%
Q2 25
0.6%
Q1 25
0.9%
Q4 24
1.1%
Q3 24
0.6%
Q2 24
0.6%
Cash Conversion
FG
FG
PSN
PSN
Q1 26
Q4 25
9.13×
3.01×
Q3 25
7.94×
2.54×
Q2 25
40.50×
2.89×
Q1 25
-0.18×
Q4 24
4.04×
0.63×
Q3 24
4.16×
Q2 24
5.20×
2.33×

Financial Flow Comparison

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

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