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

Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $1.8B, roughly 1.4× F&G Annuities & Life, Inc.). Tapestry, Inc. runs the higher net margin — 22.4% vs 7.3%, a 15.2% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs 13.2%). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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.

Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.

FG vs TPR — Head-to-Head

Bigger by revenue
TPR
TPR
1.4× larger
TPR
$2.5B
$1.8B
FG
Growing faster (revenue YoY)
TPR
TPR
+0.8% gap
TPR
14.0%
13.2%
FG
Higher net margin
TPR
TPR
15.2% more per $
TPR
22.4%
7.3%
FG
Faster 2-yr revenue CAGR
TPR
TPR
Annualised
TPR
29.9%
6.1%
FG

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FG
FG
TPR
TPR
Revenue
$1.8B
$2.5B
Net Profit
$128.0M
$561.3M
Gross Margin
75.5%
Operating Margin
28.6%
Net Margin
7.3%
22.4%
Revenue YoY
13.2%
14.0%
Net Profit YoY
-60.9%
80.8%
EPS (diluted)
$0.97
$2.68

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
TPR
TPR
Q4 25
$1.8B
$2.5B
Q3 25
$1.7B
$1.7B
Q2 25
$1.4B
$1.7B
Q1 25
$908.0M
$1.6B
Q4 24
$1.6B
$2.2B
Q3 24
$1.4B
$1.5B
Q2 24
$1.2B
$1.6B
Q1 24
$1.6B
$1.5B
Net Profit
FG
FG
TPR
TPR
Q4 25
$128.0M
$561.3M
Q3 25
$118.0M
$274.8M
Q2 25
$40.0M
$-517.1M
Q1 25
$-21.0M
$203.3M
Q4 24
$327.0M
$310.4M
Q3 24
$-6.0M
$186.6M
Q2 24
$203.0M
$159.3M
Q1 24
$115.0M
$139.4M
Gross Margin
FG
FG
TPR
TPR
Q4 25
75.5%
Q3 25
76.3%
Q2 25
76.3%
Q1 25
76.1%
Q4 24
74.4%
Q3 24
75.3%
Q2 24
74.9%
Q1 24
74.7%
Operating Margin
FG
FG
TPR
TPR
Q4 25
28.6%
Q3 25
19.3%
Q2 25
-33.9%
Q1 25
16.0%
Q4 24
22.4%
Q3 24
16.7%
Q2 24
14.8%
Q1 24
13.8%
Net Margin
FG
FG
TPR
TPR
Q4 25
7.3%
22.4%
Q3 25
7.0%
16.1%
Q2 25
2.9%
-30.0%
Q1 25
-2.3%
12.8%
Q4 24
21.0%
14.1%
Q3 24
-0.4%
12.4%
Q2 24
17.3%
10.0%
Q1 24
7.3%
9.4%
EPS (diluted)
FG
FG
TPR
TPR
Q4 25
$0.97
$2.68
Q3 25
$0.85
$1.28
Q2 25
$0.26
$-2.30
Q1 25
$-0.20
$0.95
Q4 24
$2.53
$1.38
Q3 24
$-0.08
$0.79
Q2 24
$1.55
$0.67
Q1 24
$0.88
$0.60

Balance Sheet & Financial Strength

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

Metric
FG
FG
TPR
TPR
Cash + ST InvestmentsLiquidity on hand
$1.5B
$1.1B
Total DebtLower is stronger
$2.2B
$2.4B
Stockholders' EquityBook value
$4.8B
$551.2M
Total Assets
$98.4B
$6.5B
Debt / EquityLower = less leverage
0.47×
4.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
TPR
TPR
Q4 25
$1.5B
$1.1B
Q3 25
$2.2B
$743.2M
Q2 25
$1.9B
$1.1B
Q1 25
$3.3B
$1.1B
Q4 24
$2.3B
$1.0B
Q3 24
$3.5B
$7.3B
Q2 24
$3.5B
$7.2B
Q1 24
$2.4B
$7.4B
Total Debt
FG
FG
TPR
TPR
Q4 25
$2.2B
$2.4B
Q3 25
$2.2B
$2.4B
Q2 25
$2.2B
$2.4B
Q1 25
$2.2B
$2.4B
Q4 24
$2.2B
$2.4B
Q3 24
$2.0B
$7.0B
Q2 24
$2.0B
$6.9B
Q1 24
$1.7B
$7.7B
Stockholders' Equity
FG
FG
TPR
TPR
Q4 25
$4.8B
$551.2M
Q3 25
$4.8B
$399.5M
Q2 25
$4.4B
$857.8M
Q1 25
$4.4B
$1.5B
Q4 24
$4.0B
$1.3B
Q3 24
$4.3B
$3.0B
Q2 24
$3.7B
$2.9B
Q1 24
$3.5B
$2.8B
Total Assets
FG
FG
TPR
TPR
Q4 25
$98.4B
$6.5B
Q3 25
$96.1B
$6.4B
Q2 25
$91.8B
$6.6B
Q1 25
$88.0B
$7.3B
Q4 24
$85.0B
$7.3B
Q3 24
$84.1B
$13.7B
Q2 24
$78.5B
$13.4B
Q1 24
$74.4B
$13.7B
Debt / Equity
FG
FG
TPR
TPR
Q4 25
0.47×
4.32×
Q3 25
0.46×
5.95×
Q2 25
0.50×
2.77×
Q1 25
0.51×
1.59×
Q4 24
0.55×
1.78×
Q3 24
0.47×
2.35×
Q2 24
0.56×
2.39×
Q1 24
0.49×
2.77×

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
TPR
TPR
Operating Cash FlowLast quarter
$1.2B
$1.1B
Free Cash FlowOCF − Capex
$1.0B
FCF MarginFCF / Revenue
41.5%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
9.13×
1.93×
TTM Free Cash FlowTrailing 4 quarters
$1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
TPR
TPR
Q4 25
$1.2B
$1.1B
Q3 25
$937.0M
$112.6M
Q2 25
$1.6B
$446.8M
Q1 25
$956.0M
$144.3M
Q4 24
$1.3B
$506.0M
Q3 24
$2.1B
$119.5M
Q2 24
$1.1B
$256.0M
Q1 24
$1.5B
$97.8M
Free Cash Flow
FG
FG
TPR
TPR
Q4 25
$1.0B
Q3 25
$80.2M
Q2 25
$411.5M
Q1 25
$113.4M
Q4 24
$475.1M
Q3 24
$93.9M
Q2 24
$209.8M
Q1 24
$78.8M
FCF Margin
FG
FG
TPR
TPR
Q4 25
41.5%
Q3 25
4.7%
Q2 25
23.9%
Q1 25
7.2%
Q4 24
21.6%
Q3 24
6.2%
Q2 24
13.2%
Q1 24
5.3%
Capex Intensity
FG
FG
TPR
TPR
Q4 25
1.7%
Q3 25
1.9%
Q2 25
2.0%
Q1 25
2.0%
Q4 24
1.4%
Q3 24
1.7%
Q2 24
2.9%
Q1 24
1.3%
Cash Conversion
FG
FG
TPR
TPR
Q4 25
9.13×
1.93×
Q3 25
7.94×
0.41×
Q2 25
40.50×
Q1 25
0.71×
Q4 24
4.04×
1.63×
Q3 24
0.64×
Q2 24
5.20×
1.61×
Q1 24
13.34×
0.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

TPR
TPR

Coach$1.4B57%
Other$787.0M31%
Kate Spade Company$290.0M12%

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