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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) and VALMONT INDUSTRIES INC (VMI). 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 $1.0B, roughly 1.7× VALMONT INDUSTRIES INC). VALMONT INDUSTRIES INC runs the higher net margin — 10.5% vs 7.3%, a 3.2% gap on every dollar of revenue. On growth, F&G Annuities & Life, Inc. posted the faster year-over-year revenue change (13.2% vs 6.2%). Over the past eight quarters, F&G Annuities & Life, Inc.'s revenue compounded faster (6.1% CAGR vs -0.5%).

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.

Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.

FG vs VMI — Head-to-Head

Bigger by revenue
FG
FG
1.7× larger
FG
$1.8B
$1.0B
VMI
Growing faster (revenue YoY)
FG
FG
+7.0% gap
FG
13.2%
6.2%
VMI
Higher net margin
VMI
VMI
3.2% more per $
VMI
10.5%
7.3%
FG
Faster 2-yr revenue CAGR
FG
FG
Annualised
FG
6.1%
-0.5%
VMI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FG
FG
VMI
VMI
Revenue
$1.8B
$1.0B
Net Profit
$128.0M
$108.0M
Gross Margin
30.8%
Operating Margin
15.1%
Net Margin
7.3%
10.5%
Revenue YoY
13.2%
6.2%
Net Profit YoY
-60.9%
23.8%
EPS (diluted)
$0.97
$5.51

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
VMI
VMI
Q1 26
$1.0B
Q4 25
$1.8B
$1.0B
Q3 25
$1.7B
$1.0B
Q2 25
$1.4B
$1.1B
Q1 25
$908.0M
$969.3M
Q4 24
$1.6B
$1.0B
Q3 24
$1.4B
$1.0B
Q2 24
$1.2B
$1.0B
Net Profit
FG
FG
VMI
VMI
Q1 26
$108.0M
Q4 25
$128.0M
$168.0M
Q3 25
$118.0M
$99.0M
Q2 25
$40.0M
$-4.0M
Q1 25
$-21.0M
$87.3M
Q4 24
$327.0M
$77.7M
Q3 24
$-6.0M
$83.1M
Q2 24
$203.0M
$99.7M
Gross Margin
FG
FG
VMI
VMI
Q1 26
30.8%
Q4 25
29.8%
Q3 25
30.4%
Q2 25
30.6%
Q1 25
30.0%
Q4 24
30.2%
Q3 24
29.6%
Q2 24
30.8%
Operating Margin
FG
FG
VMI
VMI
Q1 26
15.1%
Q4 25
11.2%
Q3 25
13.5%
Q2 25
2.8%
Q1 25
13.2%
Q4 24
11.6%
Q3 24
12.3%
Q2 24
14.2%
Net Margin
FG
FG
VMI
VMI
Q1 26
10.5%
Q4 25
7.3%
16.2%
Q3 25
7.0%
9.5%
Q2 25
2.9%
-0.4%
Q1 25
-2.3%
9.0%
Q4 24
21.0%
7.5%
Q3 24
-0.4%
8.1%
Q2 24
17.3%
9.6%
EPS (diluted)
FG
FG
VMI
VMI
Q1 26
$5.51
Q4 25
$0.97
$9.02
Q3 25
$0.85
$4.98
Q2 25
$0.26
$-1.53
Q1 25
$-0.20
$4.32
Q4 24
$2.53
$3.85
Q3 24
$-0.08
$4.11
Q2 24
$1.55
$4.91

Balance Sheet & Financial Strength

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

Metric
FG
FG
VMI
VMI
Cash + ST InvestmentsLiquidity on hand
$1.5B
$160.2M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$4.8B
$1.7B
Total Assets
$98.4B
$3.4B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
VMI
VMI
Q1 26
$160.2M
Q4 25
$1.5B
$187.1M
Q3 25
$2.2B
$226.1M
Q2 25
$1.9B
$208.5M
Q1 25
$3.3B
$184.4M
Q4 24
$2.3B
$164.3M
Q3 24
$3.5B
$200.5M
Q2 24
$3.5B
$163.1M
Total Debt
FG
FG
VMI
VMI
Q1 26
Q4 25
$2.2B
$795.7M
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
$730.6M
Q3 24
$2.0B
Q2 24
$2.0B
Stockholders' Equity
FG
FG
VMI
VMI
Q1 26
$1.7B
Q4 25
$4.8B
$1.6B
Q3 25
$4.8B
$1.6B
Q2 25
$4.4B
$1.5B
Q1 25
$4.4B
$1.6B
Q4 24
$4.0B
$1.5B
Q3 24
$4.3B
$1.5B
Q2 24
$3.7B
$1.5B
Total Assets
FG
FG
VMI
VMI
Q1 26
$3.4B
Q4 25
$98.4B
$3.4B
Q3 25
$96.1B
$3.4B
Q2 25
$91.8B
$3.3B
Q1 25
$88.0B
$3.4B
Q4 24
$85.0B
$3.3B
Q3 24
$84.1B
$3.5B
Q2 24
$78.5B
$3.5B
Debt / Equity
FG
FG
VMI
VMI
Q1 26
Q4 25
0.47×
0.49×
Q3 25
0.46×
Q2 25
0.50×
Q1 25
0.51×
Q4 24
0.55×
0.47×
Q3 24
0.47×
Q2 24
0.56×

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
VMI
VMI
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.

Operating Cash Flow
FG
FG
VMI
VMI
Q1 26
Q4 25
$1.2B
$111.2M
Q3 25
$937.0M
$112.5M
Q2 25
$1.6B
$167.6M
Q1 25
$956.0M
$65.1M
Q4 24
$1.3B
$193.4M
Q3 24
$2.1B
$225.1M
Q2 24
$1.1B
$130.8M
Free Cash Flow
FG
FG
VMI
VMI
Q1 26
Q4 25
$70.4M
Q3 25
$70.6M
Q2 25
$135.6M
Q1 25
$34.8M
Q4 24
$167.8M
Q3 24
$204.6M
Q2 24
$112.5M
FCF Margin
FG
FG
VMI
VMI
Q1 26
Q4 25
6.8%
Q3 25
6.7%
Q2 25
12.9%
Q1 25
3.6%
Q4 24
16.2%
Q3 24
20.1%
Q2 24
10.8%
Capex Intensity
FG
FG
VMI
VMI
Q1 26
Q4 25
3.9%
Q3 25
4.0%
Q2 25
3.0%
Q1 25
3.1%
Q4 24
2.5%
Q3 24
2.0%
Q2 24
1.8%
Cash Conversion
FG
FG
VMI
VMI
Q1 26
Q4 25
9.13×
0.66×
Q3 25
7.94×
1.14×
Q2 25
40.50×
Q1 25
0.75×
Q4 24
4.04×
2.49×
Q3 24
2.71×
Q2 24
5.20×
1.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

VMI
VMI

Infrastructure$803.2M78%
Agriculture$226.0M22%

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