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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and SEALED AIR CORP (SEE). 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× SEALED AIR CORP). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs 3.1%, a 4.1% 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 2.7%).

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.

Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.

FG vs SEE — Head-to-Head

Bigger by revenue
FG
FG
1.3× larger
FG
$1.8B
$1.4B
SEE
Growing faster (revenue YoY)
FG
FG
+10.6% gap
FG
13.2%
2.6%
SEE
Higher net margin
FG
FG
4.1% more per $
FG
7.3%
3.1%
SEE
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
2.7%
SEE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FG
FG
SEE
SEE
Revenue
$1.8B
$1.4B
Net Profit
$128.0M
$43.8M
Gross Margin
28.6%
Operating Margin
11.4%
Net Margin
7.3%
3.1%
Revenue YoY
13.2%
2.6%
Net Profit YoY
-60.9%
700.0%
EPS (diluted)
$0.97
$0.30

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
SEE
SEE
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
$1.4B
Q3 24
$1.4B
$1.3B
Q2 24
$1.2B
$1.3B
Q1 24
$1.6B
$1.3B
Net Profit
FG
FG
SEE
SEE
Q4 25
$128.0M
$43.8M
Q3 25
$118.0M
$255.1M
Q2 25
$40.0M
$93.1M
Q1 25
$-21.0M
$113.5M
Q4 24
$327.0M
$-7.3M
Q3 24
$-6.0M
$91.7M
Q2 24
$203.0M
$98.3M
Q1 24
$115.0M
$82.0M
Gross Margin
FG
FG
SEE
SEE
Q4 25
28.6%
Q3 25
29.8%
Q2 25
30.7%
Q1 25
30.9%
Q4 24
30.0%
Q3 24
30.1%
Q2 24
31.2%
Q1 24
30.3%
Operating Margin
FG
FG
SEE
SEE
Q4 25
11.4%
Q3 25
13.8%
Q2 25
15.0%
Q1 25
14.5%
Q4 24
11.7%
Q3 24
13.9%
Q2 24
15.4%
Q1 24
14.0%
Net Margin
FG
FG
SEE
SEE
Q4 25
7.3%
3.1%
Q3 25
7.0%
19.0%
Q2 25
2.9%
7.0%
Q1 25
-2.3%
9.0%
Q4 24
21.0%
-0.5%
Q3 24
-0.4%
6.9%
Q2 24
17.3%
7.4%
Q1 24
7.3%
6.2%
EPS (diluted)
FG
FG
SEE
SEE
Q4 25
$0.97
$0.30
Q3 25
$0.85
$1.73
Q2 25
$0.26
$0.63
Q1 25
$-0.20
$0.77
Q4 24
$2.53
$-0.05
Q3 24
$-0.08
$0.63
Q2 24
$1.55
$0.67
Q1 24
$0.88
$0.56

Balance Sheet & Financial Strength

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

Metric
FG
FG
SEE
SEE
Cash + ST InvestmentsLiquidity on hand
$1.5B
$344.0M
Total DebtLower is stronger
$2.2B
$3.3B
Stockholders' EquityBook value
$4.8B
$1.2B
Total Assets
$98.4B
$7.0B
Debt / EquityLower = less leverage
0.47×
2.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
SEE
SEE
Q4 25
$1.5B
$344.0M
Q3 25
$2.2B
$282.5M
Q2 25
$1.9B
$354.4M
Q1 25
$3.3B
$335.2M
Q4 24
$2.3B
$371.8M
Q3 24
$3.5B
$386.0M
Q2 24
$3.5B
$388.6M
Q1 24
$2.4B
$352.8M
Total Debt
FG
FG
SEE
SEE
Q4 25
$2.2B
$3.3B
Q3 25
$2.2B
$4.0B
Q2 25
$2.2B
$4.0B
Q1 25
$2.2B
$4.2B
Q4 24
$2.2B
$4.2B
Q3 24
$2.0B
$4.3B
Q2 24
$2.0B
$4.4B
Q1 24
$1.7B
$4.5B
Stockholders' Equity
FG
FG
SEE
SEE
Q4 25
$4.8B
$1.2B
Q3 25
$4.8B
$1.2B
Q2 25
$4.4B
$953.1M
Q1 25
$4.4B
$797.9M
Q4 24
$4.0B
$624.5M
Q3 24
$4.3B
$771.2M
Q2 24
$3.7B
$650.1M
Q1 24
$3.5B
$598.3M
Total Assets
FG
FG
SEE
SEE
Q4 25
$98.4B
$7.0B
Q3 25
$96.1B
$7.1B
Q2 25
$91.8B
$7.2B
Q1 25
$88.0B
$7.0B
Q4 24
$85.0B
$7.0B
Q3 24
$84.1B
$7.3B
Q2 24
$78.5B
$7.3B
Q1 24
$74.4B
$7.2B
Debt / Equity
FG
FG
SEE
SEE
Q4 25
0.47×
2.65×
Q3 25
0.46×
3.34×
Q2 25
0.50×
4.18×
Q1 25
0.51×
5.26×
Q4 24
0.55×
6.72×
Q3 24
0.47×
5.62×
Q2 24
0.56×
6.81×
Q1 24
0.49×
7.49×

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
SEE
SEE
Operating Cash FlowLast quarter
$1.2B
$293.6M
Free Cash FlowOCF − Capex
$257.7M
FCF MarginFCF / Revenue
18.5%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
9.13×
6.70×
TTM Free Cash FlowTrailing 4 quarters
$458.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
SEE
SEE
Q4 25
$1.2B
$293.6M
Q3 25
$937.0M
$165.9M
Q2 25
$1.6B
$136.6M
Q1 25
$956.0M
$31.9M
Q4 24
$1.3B
$244.2M
Q3 24
$2.1B
$170.5M
Q2 24
$1.1B
$188.2M
Q1 24
$1.5B
$125.1M
Free Cash Flow
FG
FG
SEE
SEE
Q4 25
$257.7M
Q3 25
$119.6M
Q2 25
$93.2M
Q1 25
$-12.0M
Q4 24
$185.1M
Q3 24
$115.2M
Q2 24
$129.5M
Q1 24
$78.0M
FCF Margin
FG
FG
SEE
SEE
Q4 25
18.5%
Q3 25
8.9%
Q2 25
7.0%
Q1 25
-0.9%
Q4 24
13.6%
Q3 24
8.6%
Q2 24
9.7%
Q1 24
5.9%
Capex Intensity
FG
FG
SEE
SEE
Q4 25
2.6%
Q3 25
3.4%
Q2 25
3.3%
Q1 25
3.5%
Q4 24
4.4%
Q3 24
4.1%
Q2 24
4.4%
Q1 24
3.6%
Cash Conversion
FG
FG
SEE
SEE
Q4 25
9.13×
6.70×
Q3 25
7.94×
0.65×
Q2 25
40.50×
1.47×
Q1 25
0.28×
Q4 24
4.04×
Q3 24
1.86×
Q2 24
5.20×
1.91×
Q1 24
13.34×
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

SEE
SEE

Protective Segment$1.1B78%
Other$292.0M21%
Pension Plans Defined Benefit$7.9M1%

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