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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and Seagate Technology (STX). Click either name above to swap in a different company.

Seagate Technology is the larger business by last-quarter revenue ($3.1B vs $1.8B, roughly 1.8× F&G Annuities & Life, Inc.). Seagate Technology runs the higher net margin — 24.0% vs 7.3%, a 16.8% gap on every dollar of revenue. On growth, Seagate Technology posted the faster year-over-year revenue change (44.1% vs 13.2%). Over the past eight quarters, Seagate Technology's revenue compounded faster (28.4% 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.

Seagate Technology Holdings plc is an American data storage company. It was incorporated in 1978 as Shugart Technology and commenced business in 1979. Since 2010, the company has been incorporated in Dublin, Ireland, with operational headquarters in Fremont, California, United States.

FG vs STX — Head-to-Head

Bigger by revenue
STX
STX
1.8× larger
STX
$3.1B
$1.8B
FG
Growing faster (revenue YoY)
STX
STX
+30.9% gap
STX
44.1%
13.2%
FG
Higher net margin
STX
STX
16.8% more per $
STX
24.0%
7.3%
FG
Faster 2-yr revenue CAGR
STX
STX
Annualised
STX
28.4%
6.1%
FG

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FG
FG
STX
STX
Revenue
$1.8B
$3.1B
Net Profit
$128.0M
$748.0M
Gross Margin
46.5%
Operating Margin
32.1%
Net Margin
7.3%
24.0%
Revenue YoY
13.2%
44.1%
Net Profit YoY
-60.9%
-23.8%
EPS (diluted)
$0.97
$3.27

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
STX
STX
Q3 26
$3.1B
Q1 26
$2.8B
Q4 25
$1.8B
$2.6B
Q3 25
$1.7B
Q2 25
$1.4B
$2.4B
Q1 25
$908.0M
$2.2B
Q4 24
$1.6B
$2.3B
Q3 24
$1.4B
$2.2B
Net Profit
FG
FG
STX
STX
Q3 26
$748.0M
Q1 26
$593.0M
Q4 25
$128.0M
$549.0M
Q3 25
$118.0M
Q2 25
$40.0M
$488.0M
Q1 25
$-21.0M
$340.0M
Q4 24
$327.0M
$336.0M
Q3 24
$-6.0M
$305.0M
Gross Margin
FG
FG
STX
STX
Q3 26
46.5%
Q1 26
41.6%
Q4 25
39.4%
Q3 25
Q2 25
37.4%
Q1 25
35.2%
Q4 24
34.9%
Q3 24
32.9%
Operating Margin
FG
FG
STX
STX
Q3 26
32.1%
Q1 26
29.8%
Q4 25
26.4%
Q3 25
Q2 25
23.2%
Q1 25
20.0%
Q4 24
21.0%
Q3 24
18.6%
Net Margin
FG
FG
STX
STX
Q3 26
24.0%
Q1 26
21.0%
Q4 25
7.3%
20.9%
Q3 25
7.0%
Q2 25
2.9%
20.0%
Q1 25
-2.3%
15.7%
Q4 24
21.0%
14.5%
Q3 24
-0.4%
14.1%
EPS (diluted)
FG
FG
STX
STX
Q3 26
$3.27
Q1 26
$2.60
Q4 25
$0.97
$2.43
Q3 25
$0.85
Q2 25
$0.26
$2.24
Q1 25
$-0.20
$1.57
Q4 24
$2.53
$1.55
Q3 24
$-0.08
$1.41

Balance Sheet & Financial Strength

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

Metric
FG
FG
STX
STX
Cash + ST InvestmentsLiquidity on hand
$1.5B
$1.1B
Total DebtLower is stronger
$2.2B
$3.9B
Stockholders' EquityBook value
$4.8B
Total Assets
$98.4B
$8.9B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
STX
STX
Q3 26
$1.1B
Q1 26
$1.0B
Q4 25
$1.5B
$1.1B
Q3 25
$2.2B
Q2 25
$1.9B
$891.0M
Q1 25
$3.3B
$814.0M
Q4 24
$2.3B
$1.2B
Q3 24
$3.5B
$1.2B
Total Debt
FG
FG
STX
STX
Q3 26
$3.9B
Q1 26
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.0B
Stockholders' Equity
FG
FG
STX
STX
Q3 26
Q1 26
$459.0M
Q4 25
$4.8B
$-63.0M
Q3 25
$4.8B
Q2 25
$4.4B
$-453.0M
Q1 25
$4.4B
$-829.0M
Q4 24
$4.0B
$-1.1B
Q3 24
$4.3B
$-1.3B
Total Assets
FG
FG
STX
STX
Q3 26
$8.9B
Q1 26
$8.7B
Q4 25
$98.4B
$8.4B
Q3 25
$96.1B
Q2 25
$91.8B
$8.0B
Q1 25
$88.0B
$7.6B
Q4 24
$85.0B
$8.0B
Q3 24
$84.1B
$8.0B
Debt / Equity
FG
FG
STX
STX
Q3 26
Q1 26
Q4 25
0.47×
Q3 25
0.46×
Q2 25
0.50×
Q1 25
0.51×
Q4 24
0.55×
Q3 24
0.47×

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
STX
STX
Operating Cash FlowLast quarter
$1.2B
$2.4B
Free Cash FlowOCF − Capex
$953.0M
FCF MarginFCF / Revenue
30.6%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
9.13×
3.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
STX
STX
Q3 26
$2.4B
Q1 26
Q4 25
$1.2B
$532.0M
Q3 25
$937.0M
Q2 25
$1.6B
$508.0M
Q1 25
$956.0M
$259.0M
Q4 24
$1.3B
$221.0M
Q3 24
$2.1B
$95.0M
Free Cash Flow
FG
FG
STX
STX
Q3 26
$953.0M
Q1 26
Q4 25
$427.0M
Q3 25
Q2 25
$425.0M
Q1 25
$216.0M
Q4 24
$150.0M
Q3 24
$27.0M
FCF Margin
FG
FG
STX
STX
Q3 26
30.6%
Q1 26
Q4 25
16.2%
Q3 25
Q2 25
17.4%
Q1 25
10.0%
Q4 24
6.5%
Q3 24
1.2%
Capex Intensity
FG
FG
STX
STX
Q3 26
Q1 26
Q4 25
4.0%
Q3 25
Q2 25
3.4%
Q1 25
2.0%
Q4 24
3.1%
Q3 24
3.1%
Cash Conversion
FG
FG
STX
STX
Q3 26
3.17×
Q1 26
Q4 25
9.13×
0.97×
Q3 25
7.94×
Q2 25
40.50×
1.04×
Q1 25
0.76×
Q4 24
4.04×
0.66×
Q3 24
0.31×

Financial Flow Comparison

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

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