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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and Teradyne (TER). 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 $1.1B, roughly 1.6× Teradyne). Teradyne runs the higher net margin — 23.7% vs 7.3%, a 16.5% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (43.9% vs 13.2%). Over the past eight quarters, Teradyne's revenue compounded faster (34.4% 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.

Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.

FG vs TER — Head-to-Head

Bigger by revenue
FG
FG
1.6× larger
FG
$1.8B
$1.1B
TER
Growing faster (revenue YoY)
TER
TER
+30.7% gap
TER
43.9%
13.2%
FG
Higher net margin
TER
TER
16.5% more per $
TER
23.7%
7.3%
FG
Faster 2-yr revenue CAGR
TER
TER
Annualised
TER
34.4%
6.1%
FG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FG
FG
TER
TER
Revenue
$1.8B
$1.1B
Net Profit
$128.0M
$257.2M
Gross Margin
57.2%
Operating Margin
27.1%
Net Margin
7.3%
23.7%
Revenue YoY
13.2%
43.9%
Net Profit YoY
-60.9%
75.9%
EPS (diluted)
$0.97
$1.62

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
TER
TER
Q4 25
$1.8B
$1.1B
Q3 25
$1.7B
$769.2M
Q2 25
$1.4B
$651.8M
Q1 25
$908.0M
$685.7M
Q4 24
$1.6B
$752.9M
Q3 24
$1.4B
$737.3M
Q2 24
$1.2B
$729.9M
Q1 24
$1.6B
$599.8M
Net Profit
FG
FG
TER
TER
Q4 25
$128.0M
$257.2M
Q3 25
$118.0M
$119.6M
Q2 25
$40.0M
$78.4M
Q1 25
$-21.0M
$98.9M
Q4 24
$327.0M
$146.3M
Q3 24
$-6.0M
$145.6M
Q2 24
$203.0M
$186.3M
Q1 24
$115.0M
$64.2M
Gross Margin
FG
FG
TER
TER
Q4 25
57.2%
Q3 25
58.4%
Q2 25
57.2%
Q1 25
60.6%
Q4 24
59.4%
Q3 24
59.2%
Q2 24
58.3%
Q1 24
56.6%
Operating Margin
FG
FG
TER
TER
Q4 25
27.1%
Q3 25
18.9%
Q2 25
13.9%
Q1 25
17.6%
Q4 24
20.4%
Q3 24
20.6%
Q2 24
28.8%
Q1 24
13.0%
Net Margin
FG
FG
TER
TER
Q4 25
7.3%
23.7%
Q3 25
7.0%
15.5%
Q2 25
2.9%
12.0%
Q1 25
-2.3%
14.4%
Q4 24
21.0%
19.4%
Q3 24
-0.4%
19.8%
Q2 24
17.3%
25.5%
Q1 24
7.3%
10.7%
EPS (diluted)
FG
FG
TER
TER
Q4 25
$0.97
$1.62
Q3 25
$0.85
$0.75
Q2 25
$0.26
$0.49
Q1 25
$-0.20
$0.61
Q4 24
$2.53
$0.89
Q3 24
$-0.08
$0.89
Q2 24
$1.55
$1.14
Q1 24
$0.88
$0.40

Balance Sheet & Financial Strength

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

Metric
FG
FG
TER
TER
Cash + ST InvestmentsLiquidity on hand
$1.5B
$293.8M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$4.8B
$2.8B
Total Assets
$98.4B
$4.2B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
TER
TER
Q4 25
$1.5B
$293.8M
Q3 25
$2.2B
$272.7M
Q2 25
$1.9B
$339.3M
Q1 25
$3.3B
$475.6M
Q4 24
$2.3B
$553.4M
Q3 24
$3.5B
$510.0M
Q2 24
$3.5B
$421.9M
Q1 24
$2.4B
$707.4M
Total Debt
FG
FG
TER
TER
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.0B
Q2 24
$2.0B
Q1 24
$1.7B
Stockholders' Equity
FG
FG
TER
TER
Q4 25
$4.8B
$2.8B
Q3 25
$4.8B
$2.7B
Q2 25
$4.4B
$2.8B
Q1 25
$4.4B
$2.8B
Q4 24
$4.0B
$2.8B
Q3 24
$4.3B
$2.9B
Q2 24
$3.7B
$2.7B
Q1 24
$3.5B
$2.6B
Total Assets
FG
FG
TER
TER
Q4 25
$98.4B
$4.2B
Q3 25
$96.1B
$4.0B
Q2 25
$91.8B
$3.8B
Q1 25
$88.0B
$3.7B
Q4 24
$85.0B
$3.7B
Q3 24
$84.1B
$3.8B
Q2 24
$78.5B
$3.6B
Q1 24
$74.4B
$3.4B
Debt / Equity
FG
FG
TER
TER
Q4 25
0.47×
Q3 25
0.46×
Q2 25
0.50×
Q1 25
0.51×
Q4 24
0.55×
Q3 24
0.47×
Q2 24
0.56×
Q1 24
0.49×

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
TER
TER
Operating Cash FlowLast quarter
$1.2B
$281.6M
Free Cash FlowOCF − Capex
$218.8M
FCF MarginFCF / Revenue
20.2%
Capex IntensityCapex / Revenue
5.8%
Cash ConversionOCF / Net Profit
9.13×
1.09×
TTM Free Cash FlowTrailing 4 quarters
$450.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
TER
TER
Q4 25
$1.2B
$281.6M
Q3 25
$937.0M
$49.0M
Q2 25
$1.6B
$182.1M
Q1 25
$956.0M
$161.6M
Q4 24
$1.3B
$282.6M
Q3 24
$2.1B
$166.3M
Q2 24
$1.1B
$216.1M
Q1 24
$1.5B
$7.3M
Free Cash Flow
FG
FG
TER
TER
Q4 25
$218.8M
Q3 25
$2.4M
Q2 25
$131.7M
Q1 25
$97.6M
Q4 24
$225.2M
Q3 24
$114.4M
Q2 24
$171.2M
Q1 24
$-36.7M
FCF Margin
FG
FG
TER
TER
Q4 25
20.2%
Q3 25
0.3%
Q2 25
20.2%
Q1 25
14.2%
Q4 24
29.9%
Q3 24
15.5%
Q2 24
23.5%
Q1 24
-6.1%
Capex Intensity
FG
FG
TER
TER
Q4 25
5.8%
Q3 25
6.1%
Q2 25
7.7%
Q1 25
9.3%
Q4 24
7.6%
Q3 24
7.0%
Q2 24
6.1%
Q1 24
7.3%
Cash Conversion
FG
FG
TER
TER
Q4 25
9.13×
1.09×
Q3 25
7.94×
0.41×
Q2 25
40.50×
2.32×
Q1 25
1.63×
Q4 24
4.04×
1.93×
Q3 24
1.14×
Q2 24
5.20×
1.16×
Q1 24
13.34×
0.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

TER
TER

Soc$646.5M60%
Memory$206.5M19%
Transferred At Point In Time$90.0M8%
Universal Robots$89.4M8%
IST$30.5M3%
Transferred Over Time$20.5M2%

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