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Side-by-side financial comparison of FMC CORP (FMC) and Voya Financial, Inc. (VOYA). Click either name above to swap in a different company.

Voya Financial, Inc. is the larger business by last-quarter revenue ($2.0B vs $759.0M, roughly 2.7× FMC CORP). Voya Financial, Inc. runs the higher net margin — 9.6% vs -37.0%, a 46.6% gap on every dollar of revenue. On growth, Voya Financial, Inc. posted the faster year-over-year revenue change (3.1% vs -4.0%). Over the past eight quarters, Voya Financial, Inc.'s revenue compounded faster (96.1% CAGR vs -14.5%).

FMC Corporation is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania, which originated as an insecticide producer in 1883 and later diversified into other industries. In 1941 at the beginning of US involvement in WWII, the company received a contract to design and build amphibious tracked landing vehicles for the United States Department of War, and afterwards the company continued to diversify its products. FMC employs 7,000 people worldwide, and had gros...

Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.

FMC vs VOYA — Head-to-Head

Bigger by revenue
VOYA
VOYA
2.7× larger
VOYA
$2.0B
$759.0M
FMC
Growing faster (revenue YoY)
VOYA
VOYA
+7.2% gap
VOYA
3.1%
-4.0%
FMC
Higher net margin
VOYA
VOYA
46.6% more per $
VOYA
9.6%
-37.0%
FMC
Faster 2-yr revenue CAGR
VOYA
VOYA
Annualised
VOYA
96.1%
-14.5%
FMC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FMC
FMC
VOYA
VOYA
Revenue
$759.0M
$2.0B
Net Profit
$-281.2M
$195.0M
Gross Margin
Operating Margin
-10.6%
Net Margin
-37.0%
9.6%
Revenue YoY
-4.0%
3.1%
Net Profit YoY
29.1%
EPS (diluted)
$-2.25
$1.75

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
FMC
FMC
VOYA
VOYA
Q1 26
$759.0M
$2.0B
Q4 25
$1.1B
$603.0M
Q3 25
$542.2M
$572.0M
Q2 25
$1.1B
$542.0M
Q1 25
$791.4M
$538.0M
Q4 24
$1.2B
$561.0M
Q3 24
$1.1B
$542.0M
Q2 24
$1.0B
$528.0M
Net Profit
FMC
FMC
VOYA
VOYA
Q1 26
$-281.2M
$195.0M
Q4 25
$-1.7B
$140.0M
Q3 25
$-569.3M
$192.0M
Q2 25
$66.7M
$166.0M
Q1 25
$-15.5M
$156.0M
Q4 24
$-16.3M
$97.0M
Q3 24
$65.0M
$114.0M
Q2 24
$295.1M
$205.0M
Gross Margin
FMC
FMC
VOYA
VOYA
Q1 26
Q4 25
39.8%
Q3 25
23.8%
Q2 25
38.7%
Q1 25
40.0%
Q4 24
42.9%
Q3 24
36.3%
Q2 24
38.3%
Operating Margin
FMC
FMC
VOYA
VOYA
Q1 26
-10.6%
Q4 25
-130.8%
28.0%
Q3 25
-73.1%
53.7%
Q2 25
12.0%
34.7%
Q1 25
7.4%
32.2%
Q4 24
19.2%
21.4%
Q3 24
12.7%
21.4%
Q2 24
6.0%
52.3%
Net Margin
FMC
FMC
VOYA
VOYA
Q1 26
-37.0%
9.6%
Q4 25
-158.8%
23.2%
Q3 25
-105.0%
33.6%
Q2 25
6.3%
30.6%
Q1 25
-2.0%
29.0%
Q4 24
-1.3%
17.3%
Q3 24
6.1%
21.0%
Q2 24
28.4%
38.8%
EPS (diluted)
FMC
FMC
VOYA
VOYA
Q1 26
$-2.25
$1.75
Q4 25
$-13.77
$1.41
Q3 25
$-4.52
$1.80
Q2 25
$0.53
$1.66
Q1 25
$-0.12
$1.42
Q4 24
$-0.13
$0.99
Q3 24
$0.52
$0.98
Q2 24
$2.35
$1.96

Balance Sheet & Financial Strength

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

Metric
FMC
FMC
VOYA
VOYA
Cash + ST InvestmentsLiquidity on hand
$390.9M
$969.0M
Total DebtLower is stronger
$2.8B
$2.5B
Stockholders' EquityBook value
$1.8B
$6.5B
Total Assets
$9.4B
$173.4B
Debt / EquityLower = less leverage
1.50×
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMC
FMC
VOYA
VOYA
Q1 26
$390.9M
$969.0M
Q4 25
$584.5M
Q3 25
$497.7M
Q2 25
$438.2M
Q1 25
$315.3M
Q4 24
$357.3M
Q3 24
$416.7M
Q2 24
$471.5M
Total Debt
FMC
FMC
VOYA
VOYA
Q1 26
$2.8B
$2.5B
Q4 25
$3.4B
$2.1B
Q3 25
$3.4B
$2.1B
Q2 25
$3.4B
$2.1B
Q1 25
$3.1B
$2.1B
Q4 24
$3.1B
$2.5B
Q3 24
$3.1B
$2.5B
Q2 24
$3.1B
$2.1B
Stockholders' Equity
FMC
FMC
VOYA
VOYA
Q1 26
$1.8B
$6.5B
Q4 25
$2.1B
$5.0B
Q3 25
$3.8B
$5.0B
Q2 25
$4.4B
$4.6B
Q1 25
$4.4B
$4.4B
Q4 24
$4.5B
$4.0B
Q3 24
$4.6B
$4.7B
Q2 24
$4.6B
$4.0B
Total Assets
FMC
FMC
VOYA
VOYA
Q1 26
$9.4B
$173.4B
Q4 25
$9.7B
$178.9B
Q3 25
$12.1B
$177.4B
Q2 25
$12.3B
$172.4B
Q1 25
$11.8B
$163.9B
Q4 24
$11.7B
$163.9B
Q3 24
$12.2B
$166.9B
Q2 24
$12.1B
$161.3B
Debt / Equity
FMC
FMC
VOYA
VOYA
Q1 26
1.50×
0.39×
Q4 25
1.62×
0.42×
Q3 25
0.89×
0.42×
Q2 25
0.76×
0.45×
Q1 25
0.71×
0.48×
Q4 24
0.69×
0.62×
Q3 24
0.68×
0.53×
Q2 24
0.68×
0.52×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FMC
FMC
VOYA
VOYA
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-628.1M
FCF MarginFCF / Revenue
-82.8%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-154.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMC
FMC
VOYA
VOYA
Q1 26
Q4 25
$657.1M
$557.0M
Q3 25
$-184.2M
$168.0M
Q2 25
$65.9M
$742.0M
Q1 25
$-545.0M
$-179.0M
Q4 24
$427.9M
$79.0M
Q3 24
$159.5M
$719.0M
Q2 24
$292.2M
$316.0M
Free Cash Flow
FMC
FMC
VOYA
VOYA
Q1 26
$-628.1M
Q4 25
$631.1M
Q3 25
$-207.9M
Q2 25
$50.9M
Q1 25
$-576.6M
Q4 24
$406.3M
Q3 24
$143.8M
Q2 24
$282.3M
FCF Margin
FMC
FMC
VOYA
VOYA
Q1 26
-82.8%
Q4 25
58.3%
Q3 25
-38.3%
Q2 25
4.8%
Q1 25
-72.9%
Q4 24
33.2%
Q3 24
13.5%
Q2 24
27.2%
Capex Intensity
FMC
FMC
VOYA
VOYA
Q1 26
2.2%
Q4 25
2.4%
Q3 25
4.4%
Q2 25
1.4%
Q1 25
4.0%
Q4 24
1.8%
Q3 24
1.5%
Q2 24
1.0%
Cash Conversion
FMC
FMC
VOYA
VOYA
Q1 26
Q4 25
3.98×
Q3 25
0.88×
Q2 25
0.99×
4.47×
Q1 25
-1.15×
Q4 24
0.81×
Q3 24
2.45×
6.31×
Q2 24
0.99×
1.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FMC
FMC

EMEA$307.0M40%
North America$198.0M26%
Latin America$177.0M23%
Asia (excluding 2026 India) 1$81.0M11%

VOYA
VOYA

Premiums$744.0M37%
Fee income$604.0M30%
Other$574.0M28%
Other revenues$109.0M5%

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