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

Vertiv Holdings Co is the larger business by last-quarter revenue ($2.6B vs $1.8B, roughly 1.5× F&G Annuities & Life, Inc.). Vertiv Holdings Co runs the higher net margin — 14.7% vs 7.3%, a 7.5% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 13.2%). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% 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.

Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.

FG vs VRT — Head-to-Head

Bigger by revenue
VRT
VRT
1.5× larger
VRT
$2.6B
$1.8B
FG
Growing faster (revenue YoY)
VRT
VRT
+16.9% gap
VRT
30.1%
13.2%
FG
Higher net margin
VRT
VRT
7.5% more per $
VRT
14.7%
7.3%
FG
Faster 2-yr revenue CAGR
VRT
VRT
Annualised
VRT
16.5%
6.1%
FG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FG
FG
VRT
VRT
Revenue
$1.8B
$2.6B
Net Profit
$128.0M
$390.1M
Gross Margin
37.7%
Operating Margin
Net Margin
7.3%
14.7%
Revenue YoY
13.2%
30.1%
Net Profit YoY
-60.9%
137.1%
EPS (diluted)
$0.97
$0.99

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
VRT
VRT
Q1 26
$2.6B
Q4 25
$1.8B
$2.9B
Q3 25
$1.7B
$2.7B
Q2 25
$1.4B
$2.6B
Q1 25
$908.0M
$2.0B
Q4 24
$1.6B
$2.3B
Q3 24
$1.4B
$2.1B
Q2 24
$1.2B
$2.0B
Net Profit
FG
FG
VRT
VRT
Q1 26
$390.1M
Q4 25
$128.0M
$445.6M
Q3 25
$118.0M
$398.5M
Q2 25
$40.0M
$324.2M
Q1 25
$-21.0M
$164.5M
Q4 24
$327.0M
$147.0M
Q3 24
$-6.0M
$176.6M
Q2 24
$203.0M
$178.1M
Gross Margin
FG
FG
VRT
VRT
Q1 26
37.7%
Q4 25
38.9%
Q3 25
37.8%
Q2 25
34.0%
Q1 25
33.7%
Q4 24
37.1%
Q3 24
36.5%
Q2 24
38.0%
Operating Margin
FG
FG
VRT
VRT
Q1 26
Q4 25
20.1%
Q3 25
19.3%
Q2 25
16.8%
Q1 25
14.3%
Q4 24
19.5%
Q3 24
17.9%
Q2 24
17.2%
Net Margin
FG
FG
VRT
VRT
Q1 26
14.7%
Q4 25
7.3%
15.5%
Q3 25
7.0%
14.9%
Q2 25
2.9%
12.3%
Q1 25
-2.3%
8.1%
Q4 24
21.0%
6.3%
Q3 24
-0.4%
8.5%
Q2 24
17.3%
9.1%
EPS (diluted)
FG
FG
VRT
VRT
Q1 26
$0.99
Q4 25
$0.97
$1.14
Q3 25
$0.85
$1.02
Q2 25
$0.26
$0.83
Q1 25
$-0.20
$0.42
Q4 24
$2.53
$0.38
Q3 24
$-0.08
$0.46
Q2 24
$1.55
$0.46

Balance Sheet & Financial Strength

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

Metric
FG
FG
VRT
VRT
Cash + ST InvestmentsLiquidity on hand
$1.5B
$2.5B
Total DebtLower is stronger
$2.2B
$0
Stockholders' EquityBook value
$4.8B
$4.2B
Total Assets
$98.4B
$13.4B
Debt / EquityLower = less leverage
0.47×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
VRT
VRT
Q1 26
$2.5B
Q4 25
$1.5B
$1.7B
Q3 25
$2.2B
$1.4B
Q2 25
$1.9B
$1.6B
Q1 25
$3.3B
$1.5B
Q4 24
$2.3B
$1.2B
Q3 24
$3.5B
$908.7M
Q2 24
$3.5B
$579.7M
Total Debt
FG
FG
VRT
VRT
Q1 26
$0
Q4 25
$2.2B
$2.9B
Q3 25
$2.2B
$2.9B
Q2 25
$2.2B
$2.9B
Q1 25
$2.2B
$2.9B
Q4 24
$2.2B
$2.9B
Q3 24
$2.0B
$2.9B
Q2 24
$2.0B
$2.9B
Stockholders' Equity
FG
FG
VRT
VRT
Q1 26
$4.2B
Q4 25
$4.8B
$3.9B
Q3 25
$4.8B
$3.5B
Q2 25
$4.4B
$3.1B
Q1 25
$4.4B
$2.7B
Q4 24
$4.0B
$2.4B
Q3 24
$4.3B
$1.8B
Q2 24
$3.7B
$1.5B
Total Assets
FG
FG
VRT
VRT
Q1 26
$13.4B
Q4 25
$98.4B
$12.2B
Q3 25
$96.1B
$10.8B
Q2 25
$91.8B
$10.4B
Q1 25
$88.0B
$9.5B
Q4 24
$85.0B
$9.1B
Q3 24
$84.1B
$8.9B
Q2 24
$78.5B
$8.1B
Debt / Equity
FG
FG
VRT
VRT
Q1 26
0.00×
Q4 25
0.47×
0.74×
Q3 25
0.46×
0.83×
Q2 25
0.50×
0.93×
Q1 25
0.51×
1.10×
Q4 24
0.55×
1.20×
Q3 24
0.47×
1.62×
Q2 24
0.56×
1.91×

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
VRT
VRT
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
$652.8M
FCF MarginFCF / Revenue
24.6%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
9.13×
TTM Free Cash FlowTrailing 4 quarters
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
VRT
VRT
Q1 26
Q4 25
$1.2B
$978.9M
Q3 25
$937.0M
$508.7M
Q2 25
$1.6B
$322.9M
Q1 25
$956.0M
$303.3M
Q4 24
$1.3B
$425.2M
Q3 24
$2.1B
$378.2M
Q2 24
$1.1B
$378.4M
Free Cash Flow
FG
FG
VRT
VRT
Q1 26
$652.8M
Q4 25
$885.6M
Q3 25
$463.5M
Q2 25
$277.9M
Q1 25
$266.8M
Q4 24
$364.5M
Q3 24
$341.8M
Q2 24
$344.3M
FCF Margin
FG
FG
VRT
VRT
Q1 26
24.6%
Q4 25
30.8%
Q3 25
17.3%
Q2 25
10.5%
Q1 25
13.1%
Q4 24
15.5%
Q3 24
16.5%
Q2 24
17.6%
Capex Intensity
FG
FG
VRT
VRT
Q1 26
4.2%
Q4 25
3.2%
Q3 25
1.7%
Q2 25
1.7%
Q1 25
1.8%
Q4 24
2.6%
Q3 24
1.8%
Q2 24
1.7%
Cash Conversion
FG
FG
VRT
VRT
Q1 26
Q4 25
9.13×
2.20×
Q3 25
7.94×
1.28×
Q2 25
40.50×
1.00×
Q1 25
1.84×
Q4 24
4.04×
2.89×
Q3 24
2.14×
Q2 24
5.20×
2.12×

Financial Flow Comparison

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

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