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

UGI CORP is the larger business by last-quarter revenue ($2.1B vs $1.8B, roughly 1.2× F&G Annuities & Life, Inc.). UGI CORP runs the higher net margin — 14.4% vs 7.3%, a 7.1% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 3.9%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs -7.5%).

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.

UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.

FG vs UGI — Head-to-Head

Bigger by revenue
UGI
UGI
1.2× larger
UGI
$2.1B
$1.8B
FG
Growing faster (revenue YoY)
FG
FG
+9.3% gap
FG
13.2%
3.9%
UGI
Higher net margin
UGI
UGI
7.1% more per $
UGI
14.4%
7.3%
FG
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
-7.5%
UGI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FG
FG
UGI
UGI
Revenue
$1.8B
$2.1B
Net Profit
$128.0M
$297.0M
Gross Margin
Operating Margin
22.0%
Net Margin
7.3%
14.4%
Revenue YoY
13.2%
3.9%
Net Profit YoY
-60.9%
-20.8%
EPS (diluted)
$0.97
$1.34

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
UGI
UGI
Q4 25
$1.8B
$2.1B
Q3 25
$1.7B
$1.2B
Q2 25
$1.4B
$1.4B
Q1 25
$908.0M
$2.6B
Q4 24
$1.6B
$2.0B
Q3 24
$1.4B
$1.2B
Q2 24
$1.2B
$1.4B
Q1 24
$1.6B
$2.4B
Net Profit
FG
FG
UGI
UGI
Q4 25
$128.0M
$297.0M
Q3 25
$118.0M
$-13.0M
Q2 25
$40.0M
$-163.0M
Q1 25
$-21.0M
$479.0M
Q4 24
$327.0M
$375.0M
Q3 24
$-6.0M
$-273.0M
Q2 24
$203.0M
$-48.0M
Q1 24
$115.0M
$496.0M
Operating Margin
FG
FG
UGI
UGI
Q4 25
22.0%
Q3 25
1.1%
Q2 25
-6.8%
Q1 25
26.6%
Q4 24
24.5%
Q3 24
-20.4%
Q2 24
5.0%
Q1 24
29.7%
Net Margin
FG
FG
UGI
UGI
Q4 25
7.3%
14.4%
Q3 25
7.0%
-1.1%
Q2 25
2.9%
-12.0%
Q1 25
-2.3%
18.2%
Q4 24
21.0%
18.9%
Q3 24
-0.4%
-22.6%
Q2 24
17.3%
-3.6%
Q1 24
7.3%
20.6%
EPS (diluted)
FG
FG
UGI
UGI
Q4 25
$0.97
$1.34
Q3 25
$0.85
$-0.08
Q2 25
$0.26
$-0.76
Q1 25
$-0.20
$2.19
Q4 24
$2.53
$1.74
Q3 24
$-0.08
$-1.26
Q2 24
$1.55
$-0.23
Q1 24
$0.88
$2.30

Balance Sheet & Financial Strength

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

Metric
FG
FG
UGI
UGI
Cash + ST InvestmentsLiquidity on hand
$1.5B
$251.0M
Total DebtLower is stronger
$2.2B
$6.0B
Stockholders' EquityBook value
$4.8B
$5.0B
Total Assets
$98.4B
$15.8B
Debt / EquityLower = less leverage
0.47×
1.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
UGI
UGI
Q4 25
$1.5B
$251.0M
Q3 25
$2.2B
$335.0M
Q2 25
$1.9B
$350.0M
Q1 25
$3.3B
$426.0M
Q4 24
$2.3B
$240.0M
Q3 24
$3.5B
$213.0M
Q2 24
$3.5B
$183.0M
Q1 24
$2.4B
$263.0M
Total Debt
FG
FG
UGI
UGI
Q4 25
$2.2B
$6.0B
Q3 25
$2.2B
$6.5B
Q2 25
$2.2B
$5.7B
Q1 25
$2.2B
$6.6B
Q4 24
$2.2B
$6.6B
Q3 24
$2.0B
$6.4B
Q2 24
$2.0B
$6.3B
Q1 24
$1.7B
$6.7B
Stockholders' Equity
FG
FG
UGI
UGI
Q4 25
$4.8B
$5.0B
Q3 25
$4.8B
$4.8B
Q2 25
$4.4B
$4.9B
Q1 25
$4.4B
$5.0B
Q4 24
$4.0B
$4.6B
Q3 24
$4.3B
$4.3B
Q2 24
$3.7B
$4.7B
Q1 24
$3.5B
$4.8B
Total Assets
FG
FG
UGI
UGI
Q4 25
$98.4B
$15.8B
Q3 25
$96.1B
$15.5B
Q2 25
$91.8B
$15.4B
Q1 25
$88.0B
$15.7B
Q4 24
$85.0B
$15.4B
Q3 24
$84.1B
$15.1B
Q2 24
$78.5B
$15.1B
Q1 24
$74.4B
$15.6B
Debt / Equity
FG
FG
UGI
UGI
Q4 25
0.47×
1.19×
Q3 25
0.46×
1.37×
Q2 25
0.50×
1.17×
Q1 25
0.51×
1.32×
Q4 24
0.55×
1.44×
Q3 24
0.47×
1.48×
Q2 24
0.56×
1.34×
Q1 24
0.49×
1.40×

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
UGI
UGI
Operating Cash FlowLast quarter
$1.2B
$66.0M
Free Cash FlowOCF − Capex
$-155.0M
FCF MarginFCF / Revenue
-7.5%
Capex IntensityCapex / Revenue
10.7%
Cash ConversionOCF / Net Profit
9.13×
0.22×
TTM Free Cash FlowTrailing 4 quarters
$282.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
UGI
UGI
Q4 25
$1.2B
$66.0M
Q3 25
$937.0M
$90.0M
Q2 25
$1.6B
$289.0M
Q1 25
$956.0M
$684.0M
Q4 24
$1.3B
$164.0M
Q3 24
$2.1B
$151.0M
Q2 24
$1.1B
$390.0M
Q1 24
$1.5B
$522.0M
Free Cash Flow
FG
FG
UGI
UGI
Q4 25
$-155.0M
Q3 25
$-168.0M
Q2 25
$67.0M
Q1 25
$538.0M
Q4 24
$-47.0M
Q3 24
$-115.0M
Q2 24
$185.0M
Q1 24
$353.0M
FCF Margin
FG
FG
UGI
UGI
Q4 25
-7.5%
Q3 25
-14.4%
Q2 25
4.9%
Q1 25
20.4%
Q4 24
-2.4%
Q3 24
-9.5%
Q2 24
13.7%
Q1 24
14.6%
Capex Intensity
FG
FG
UGI
UGI
Q4 25
10.7%
Q3 25
22.1%
Q2 25
16.3%
Q1 25
5.5%
Q4 24
10.6%
Q3 24
22.0%
Q2 24
15.2%
Q1 24
7.0%
Cash Conversion
FG
FG
UGI
UGI
Q4 25
9.13×
0.22×
Q3 25
7.94×
Q2 25
40.50×
Q1 25
1.43×
Q4 24
4.04×
0.44×
Q3 24
Q2 24
5.20×
Q1 24
13.34×
1.05×

Financial Flow Comparison

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

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