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Side-by-side financial comparison of Globe Life (GL) and HEICO CORP (HEI). Click either name above to swap in a different company.

Globe Life is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.3× HEICO CORP). Globe Life runs the higher net margin — 17.3% vs 15.6%, a 1.8% gap on every dollar of revenue. On growth, HEICO CORP posted the faster year-over-year revenue change (19.3% vs 5.3%). Over the past eight quarters, HEICO CORP's revenue compounded faster (16.2% CAGR vs 4.1%).

Globe Life Inc. (GL) is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett and vice chairman Charlie Munger. Greg Abel succeeded Buffett as CEO at the beginning of 2026. Buffett personally owns 38.4% of the Class A voting shares of Berkshire Hathaway, representing a 15.1% overall economic interest in t...

GL vs HEI — Head-to-Head

Bigger by revenue
GL
GL
1.3× larger
GL
$1.6B
$1.2B
HEI
Growing faster (revenue YoY)
HEI
HEI
+14.0% gap
HEI
19.3%
5.3%
GL
Higher net margin
GL
GL
1.8% more per $
GL
17.3%
15.6%
HEI
Faster 2-yr revenue CAGR
HEI
HEI
Annualised
HEI
16.2%
4.1%
GL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GL
GL
HEI
HEI
Revenue
$1.6B
$1.2B
Net Profit
$270.5M
$188.3M
Gross Margin
40.2%
Operating Margin
23.1%
Net Margin
17.3%
15.6%
Revenue YoY
5.3%
19.3%
Net Profit YoY
34.8%
EPS (diluted)
$3.39
$1.32

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
GL
GL
HEI
HEI
Q1 26
$1.6B
Q4 25
$1.5B
$1.2B
Q3 25
$1.5B
$1.1B
Q2 25
$1.5B
$1.1B
Q1 25
$1.5B
$1.0B
Q4 24
$1.5B
$1.0B
Q3 24
$1.5B
$992.2M
Q2 24
$1.4B
$955.4M
Net Profit
GL
GL
HEI
HEI
Q1 26
$270.5M
Q4 25
$266.1M
$188.3M
Q3 25
$387.8M
$177.3M
Q2 25
$252.7M
$156.8M
Q1 25
$254.6M
$168.0M
Q4 24
$255.2M
$139.7M
Q3 24
$303.0M
$136.6M
Q2 24
$258.4M
$123.1M
Gross Margin
GL
GL
HEI
HEI
Q1 26
Q4 25
40.2%
Q3 25
39.8%
Q2 25
39.9%
Q1 25
39.4%
Q4 24
38.9%
Q3 24
26.1%
39.2%
Q2 24
23.3%
38.9%
Operating Margin
GL
GL
HEI
HEI
Q1 26
Q4 25
21.7%
23.1%
Q3 25
31.5%
23.1%
Q2 25
21.2%
22.6%
Q1 25
21.4%
22.0%
Q4 24
21.3%
21.6%
Q3 24
26.3%
21.8%
Q2 24
23.5%
21.9%
Net Margin
GL
GL
HEI
HEI
Q1 26
17.3%
Q4 25
17.5%
15.6%
Q3 25
25.6%
15.5%
Q2 25
17.1%
14.3%
Q1 25
17.2%
16.3%
Q4 24
17.4%
13.8%
Q3 24
20.8%
13.8%
Q2 24
17.9%
12.9%
EPS (diluted)
GL
GL
HEI
HEI
Q1 26
$3.39
Q4 25
$3.28
$1.32
Q3 25
$4.73
$1.26
Q2 25
$3.05
$1.12
Q1 25
$3.01
$1.20
Q4 24
$3.00
$1.00
Q3 24
$3.44
$0.97
Q2 24
$2.83
$0.88

Balance Sheet & Financial Strength

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

Metric
GL
GL
HEI
HEI
Cash + ST InvestmentsLiquidity on hand
$183.8M
$217.8M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$6.1B
$4.3B
Total Assets
$8.5B
Debt / EquityLower = less leverage
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GL
GL
HEI
HEI
Q1 26
$183.8M
Q4 25
$314.7M
$217.8M
Q3 25
$62.8M
$261.9M
Q2 25
$116.7M
$242.3M
Q1 25
$134.1M
$165.5M
Q4 24
$85.0M
$162.1M
Q3 24
$100.5M
$202.9M
Q2 24
$100.6M
$204.2M
Total Debt
GL
GL
HEI
HEI
Q1 26
Q4 25
$2.2B
Q3 25
$2.4B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.2B
Q3 24
$2.3B
Q2 24
$2.4B
Stockholders' Equity
GL
GL
HEI
HEI
Q1 26
$6.1B
Q4 25
$6.0B
$4.3B
Q3 25
$5.7B
$4.1B
Q2 25
$5.4B
$4.0B
Q1 25
$5.4B
$3.7B
Q4 24
$5.3B
$3.6B
Q3 24
$4.6B
$3.5B
Q2 24
$5.2B
$3.4B
Total Assets
GL
GL
HEI
HEI
Q1 26
Q4 25
$30.8B
$8.5B
Q3 25
$30.5B
$8.5B
Q2 25
$29.8B
$8.1B
Q1 25
$29.7B
$7.9B
Q4 24
$29.1B
$7.6B
Q3 24
$29.6B
$7.4B
Q2 24
$28.3B
$7.4B
Debt / Equity
GL
GL
HEI
HEI
Q1 26
Q4 25
0.50×
Q3 25
0.59×
Q2 25
0.57×
Q1 25
0.63×
Q4 24
0.61×
Q3 24
0.64×
Q2 24
0.70×

Cash Flow & Capital Efficiency

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

Metric
GL
GL
HEI
HEI
Operating Cash FlowLast quarter
$295.3M
Free Cash FlowOCF − Capex
$268.5M
FCF MarginFCF / Revenue
22.2%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
1.57×
TTM Free Cash FlowTrailing 4 quarters
$861.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GL
GL
HEI
HEI
Q1 26
Q4 25
$350.6M
$295.3M
Q3 25
$306.0M
$231.2M
Q2 25
$307.9M
$204.7M
Q1 25
$431.9M
$203.0M
Q4 24
$336.9M
$205.6M
Q3 24
$340.6M
$214.0M
Q2 24
$374.1M
$141.1M
Free Cash Flow
GL
GL
HEI
HEI
Q1 26
Q4 25
$330.1M
$268.5M
Q3 25
$208.7M
$218.5M
Q2 25
$295.0M
$188.7M
Q1 25
$420.1M
$185.7M
Q4 24
$321.9M
$189.5M
Q3 24
$311.3M
$198.1M
Q2 24
$356.5M
$128.2M
FCF Margin
GL
GL
HEI
HEI
Q1 26
Q4 25
21.7%
22.2%
Q3 25
13.8%
19.0%
Q2 25
19.9%
17.2%
Q1 25
28.4%
18.0%
Q4 24
22.0%
18.7%
Q3 24
21.4%
20.0%
Q2 24
24.8%
13.4%
Capex Intensity
GL
GL
HEI
HEI
Q1 26
Q4 25
1.3%
2.2%
Q3 25
6.4%
1.1%
Q2 25
0.9%
1.5%
Q1 25
0.8%
1.7%
Q4 24
1.0%
1.6%
Q3 24
2.0%
1.6%
Q2 24
1.2%
1.4%
Cash Conversion
GL
GL
HEI
HEI
Q1 26
Q4 25
1.32×
1.57×
Q3 25
0.79×
1.30×
Q2 25
1.22×
1.31×
Q1 25
1.70×
1.21×
Q4 24
1.32×
1.47×
Q3 24
1.12×
1.57×
Q2 24
1.45×
1.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GL
GL

Life premium$853.2M55%
Health premium$416.9M27%
Other$289.5M19%

HEI
HEI

Aftermarket Replacement Parts$510.0M42%
Electronic Componentsfor Defense Spaceand Aerospace$311.8M26%
Defenseand Space$170.6M14%
Specialty Products$118.9M10%
Other Electronic Components$73.0M6%
Other Industries$15.9M1%

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