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

Xerox Holdings Corp is the larger business by last-quarter revenue ($2.0B vs $1.8B, roughly 1.1× F&G Annuities & Life, Inc.). On growth, Xerox Holdings Corp posted the faster year-over-year revenue change (25.7% vs 13.2%). Over the past eight quarters, Xerox Holdings Corp's revenue compounded faster (16.2% 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.

Xerox Corporation is an American corporation that sells printers, digital document products and services in more than 160 countries. Xerox was the pioneer of the photocopier market, beginning with the introduction of the Xerox 914 in 1959, so much so that the word xerox is commonly used as a synonym for photocopy. Xerox is headquartered in Norwalk, Connecticut, though it is incorporated in New York with its largest group of employees based around Rochester, New York, where the company was fou...

FG vs XRX — Head-to-Head

Bigger by revenue
XRX
XRX
1.1× larger
XRX
$2.0B
$1.8B
FG
Growing faster (revenue YoY)
XRX
XRX
+12.5% gap
XRX
25.7%
13.2%
FG
Faster 2-yr revenue CAGR
XRX
XRX
Annualised
XRX
16.2%
6.1%
FG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FG
FG
XRX
XRX
Revenue
$1.8B
$2.0B
Net Profit
$128.0M
Gross Margin
Operating Margin
Net Margin
7.3%
Revenue YoY
13.2%
25.7%
Net Profit YoY
-60.9%
EPS (diluted)
$0.97
$-0.62

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
XRX
XRX
Q4 25
$1.8B
$2.0B
Q3 25
$1.7B
$2.0B
Q2 25
$1.4B
$1.6B
Q1 25
$908.0M
$1.5B
Q4 24
$1.6B
$1.6B
Q3 24
$1.4B
$1.5B
Q2 24
$1.2B
$1.6B
Q1 24
$1.6B
$1.5B
Net Profit
FG
FG
XRX
XRX
Q4 25
$128.0M
Q3 25
$118.0M
$-760.0M
Q2 25
$40.0M
$-106.0M
Q1 25
$-21.0M
$-90.0M
Q4 24
$327.0M
Q3 24
$-6.0M
$-1.2B
Q2 24
$203.0M
$18.0M
Q1 24
$115.0M
$-113.0M
Net Margin
FG
FG
XRX
XRX
Q4 25
7.3%
Q3 25
7.0%
-38.8%
Q2 25
2.9%
-6.7%
Q1 25
-2.3%
-6.2%
Q4 24
21.0%
Q3 24
-0.4%
-78.9%
Q2 24
17.3%
1.1%
Q1 24
7.3%
-7.5%
EPS (diluted)
FG
FG
XRX
XRX
Q4 25
$0.97
$-0.62
Q3 25
$0.85
$-6.01
Q2 25
$0.26
$-0.87
Q1 25
$-0.20
$-0.75
Q4 24
$2.53
$-0.21
Q3 24
$-0.08
$-9.71
Q2 24
$1.55
$0.11
Q1 24
$0.88
$-0.94

Balance Sheet & Financial Strength

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

Metric
FG
FG
XRX
XRX
Cash + ST InvestmentsLiquidity on hand
$1.5B
$512.0M
Total DebtLower is stronger
$2.2B
$4.0B
Stockholders' EquityBook value
$4.8B
$444.0M
Total Assets
$98.4B
$9.8B
Debt / EquityLower = less leverage
0.47×
9.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
XRX
XRX
Q4 25
$1.5B
$512.0M
Q3 25
$2.2B
$479.0M
Q2 25
$1.9B
$449.0M
Q1 25
$3.3B
$336.0M
Q4 24
$2.3B
$576.0M
Q3 24
$3.5B
$521.0M
Q2 24
$3.5B
$485.0M
Q1 24
$2.4B
$685.0M
Total Debt
FG
FG
XRX
XRX
Q4 25
$2.2B
$4.0B
Q3 25
$2.2B
$4.1B
Q2 25
$2.2B
$3.5B
Q1 25
$2.2B
$2.7B
Q4 24
$2.2B
$2.8B
Q3 24
$2.0B
$2.8B
Q2 24
$2.0B
$3.2B
Q1 24
$1.7B
$3.2B
Stockholders' Equity
FG
FG
XRX
XRX
Q4 25
$4.8B
$444.0M
Q3 25
$4.8B
$365.0M
Q2 25
$4.4B
$1.1B
Q1 25
$4.4B
$1.1B
Q4 24
$4.0B
$1.1B
Q3 24
$4.3B
$1.3B
Q2 24
$3.7B
$2.4B
Q1 24
$3.5B
$2.4B
Total Assets
FG
FG
XRX
XRX
Q4 25
$98.4B
$9.8B
Q3 25
$96.1B
$10.1B
Q2 25
$91.8B
$8.9B
Q1 25
$88.0B
$8.2B
Q4 24
$85.0B
$8.4B
Q3 24
$84.1B
$8.3B
Q2 24
$78.5B
$9.5B
Q1 24
$74.4B
$9.9B
Debt / Equity
FG
FG
XRX
XRX
Q4 25
0.47×
9.05×
Q3 25
0.46×
11.10×
Q2 25
0.50×
3.11×
Q1 25
0.51×
2.56×
Q4 24
0.55×
2.62×
Q3 24
0.47×
2.11×
Q2 24
0.56×
1.34×
Q1 24
0.49×
1.35×

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
XRX
XRX
Operating Cash FlowLast quarter
$1.2B
$208.0M
Free Cash FlowOCF − Capex
$192.0M
FCF MarginFCF / Revenue
9.5%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
9.13×
TTM Free Cash FlowTrailing 4 quarters
$187.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
XRX
XRX
Q4 25
$1.2B
$208.0M
Q3 25
$937.0M
$116.0M
Q2 25
$1.6B
$-11.0M
Q1 25
$956.0M
$-89.0M
Q4 24
$1.3B
$351.0M
Q3 24
$2.1B
$116.0M
Q2 24
$1.1B
$123.0M
Q1 24
$1.5B
$-79.0M
Free Cash Flow
FG
FG
XRX
XRX
Q4 25
$192.0M
Q3 25
$104.0M
Q2 25
$-15.0M
Q1 25
$-94.0M
Q4 24
$346.0M
Q3 24
$108.0M
Q2 24
$117.0M
Q1 24
$-87.0M
FCF Margin
FG
FG
XRX
XRX
Q4 25
9.5%
Q3 25
5.3%
Q2 25
-1.0%
Q1 25
-6.5%
Q4 24
21.5%
Q3 24
7.1%
Q2 24
7.4%
Q1 24
-5.8%
Capex Intensity
FG
FG
XRX
XRX
Q4 25
0.8%
Q3 25
0.6%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.3%
Q3 24
0.5%
Q2 24
0.4%
Q1 24
0.5%
Cash Conversion
FG
FG
XRX
XRX
Q4 25
9.13×
Q3 25
7.94×
Q2 25
40.50×
Q1 25
Q4 24
4.04×
Q3 24
Q2 24
5.20×
6.83×
Q1 24
13.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

XRX
XRX

Other$596.0M29%
Manufactured Product Other$485.0M24%
Supplies Paper And Other Sales$483.0M24%
IT Solutions Segment$155.0M8%
CA$128.0M6%
IT Products$100.0M5%
Rental And Other$52.0M3%
Financial Service$29.0M1%

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