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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and SELECT MEDICAL HOLDINGS CORP (SEM). 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 1.2× SELECT MEDICAL HOLDINGS CORP). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs 4.5%, a 2.8% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 5.0%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs 5.3%).
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.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
FG vs SEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.4B |
| Net Profit | $128.0M | $63.8M |
| Gross Margin | — | — |
| Operating Margin | — | 6.9% |
| Net Margin | 7.3% | 4.5% |
| Revenue YoY | 13.2% | 5.0% |
| Net Profit YoY | -60.9% | -14.7% |
| EPS (diluted) | $0.97 | $0.35 |
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.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $908.0M | $1.4B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B |
| Q1 26 | — | $63.8M | ||
| Q4 25 | $128.0M | $20.2M | ||
| Q3 25 | $118.0M | $28.8M | ||
| Q2 25 | $40.0M | $40.6M | ||
| Q1 25 | $-21.0M | $56.7M | ||
| Q4 24 | $327.0M | $-16.1M | ||
| Q3 24 | $-6.0M | $55.6M | ||
| Q2 24 | $203.0M | $77.6M |
| Q1 26 | — | 6.9% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 5.8% |
| Q1 26 | — | 4.5% | ||
| Q4 25 | 7.3% | 1.4% | ||
| Q3 25 | 7.0% | 2.1% | ||
| Q2 25 | 2.9% | 3.0% | ||
| Q1 25 | -2.3% | 4.2% | ||
| Q4 24 | 21.0% | -1.2% | ||
| Q3 24 | -0.4% | 4.4% | ||
| Q2 24 | 17.3% | 6.1% |
| Q1 26 | — | $0.35 | ||
| Q4 25 | $0.97 | $0.17 | ||
| Q3 25 | $0.85 | $0.23 | ||
| Q2 25 | $0.26 | $0.32 | ||
| Q1 25 | $-0.20 | $0.44 | ||
| Q4 24 | $2.53 | $-0.12 | ||
| Q3 24 | $-0.08 | $0.43 | ||
| Q2 24 | $1.55 | $0.60 |
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 | $25.7M |
| Total DebtLower is stronger | $2.2B | $1.8B |
| Stockholders' EquityBook value | $4.8B | $2.1B |
| Total Assets | $98.4B | $6.0B |
| Debt / EquityLower = less leverage | 0.47× | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $1.5B | $26.5M | ||
| Q3 25 | $2.2B | $60.1M | ||
| Q2 25 | $1.9B | $52.3M | ||
| Q1 25 | $3.3B | $53.2M | ||
| Q4 24 | $2.3B | $59.7M | ||
| Q3 24 | $3.5B | $191.5M | ||
| Q2 24 | $3.5B | $111.2M |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.2B | $1.8B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $2.0B | $3.6B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $4.8B | $1.7B | ||
| Q3 25 | $4.8B | $1.7B | ||
| Q2 25 | $4.4B | $1.7B | ||
| Q1 25 | $4.4B | $1.7B | ||
| Q4 24 | $4.0B | $1.7B | ||
| Q3 24 | $4.3B | $1.9B | ||
| Q2 24 | $3.7B | $1.4B |
| Q1 26 | — | $6.0B | ||
| Q4 25 | $98.4B | $5.9B | ||
| Q3 25 | $96.1B | $5.7B | ||
| Q2 25 | $91.8B | $5.7B | ||
| Q1 25 | $88.0B | $5.7B | ||
| Q4 24 | $85.0B | $5.6B | ||
| Q3 24 | $84.1B | $8.0B | ||
| Q2 24 | $78.5B | $7.9B |
| Q1 26 | — | 0.88× | ||
| Q4 25 | 0.47× | 1.06× | ||
| Q3 25 | 0.46× | 1.03× | ||
| Q2 25 | 0.50× | 1.10× | ||
| Q1 25 | 0.51× | 1.03× | ||
| Q4 24 | 0.55× | 1.01× | ||
| Q3 24 | 0.47× | 1.62× | ||
| Q2 24 | 0.56× | 2.54× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $64.3M | ||
| Q3 25 | $937.0M | $175.3M | ||
| Q2 25 | $1.6B | $110.3M | ||
| Q1 25 | $956.0M | $-3.5M | ||
| Q4 24 | $1.3B | $125.4M | ||
| Q3 24 | $2.1B | $181.0M | ||
| Q2 24 | $1.1B | $278.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.2M | ||
| Q3 25 | — | $122.2M | ||
| Q2 25 | — | $45.6M | ||
| Q1 25 | — | $-55.8M | ||
| Q4 24 | — | $62.0M | ||
| Q3 24 | — | $130.3M | ||
| Q2 24 | — | $222.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | -4.1% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 10.2% | ||
| Q2 24 | — | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 9.13× | 3.19× | ||
| Q3 25 | 7.94× | 6.09× | ||
| Q2 25 | 40.50× | 2.72× | ||
| Q1 25 | — | -0.06× | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | 3.25× | ||
| Q2 24 | 5.20× | 3.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
