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Side-by-side financial comparison of Globe Life (GL) 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 ($1.8B vs $1.6B, roughly 1.2× Globe Life). Globe Life runs the higher net margin — 17.3% vs -5.7%, a 23.0% gap on every dollar of revenue. On growth, Xerox Holdings Corp posted the faster year-over-year revenue change (26.7% vs 5.3%). Over the past eight quarters, Xerox Holdings Corp's revenue compounded faster (8.2% 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.

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...

GL vs XRX — Head-to-Head

Bigger by revenue
XRX
XRX
1.2× larger
XRX
$1.8B
$1.6B
GL
Growing faster (revenue YoY)
XRX
XRX
+21.4% gap
XRX
26.7%
5.3%
GL
Higher net margin
GL
GL
23.0% more per $
GL
17.3%
-5.7%
XRX
Faster 2-yr revenue CAGR
XRX
XRX
Annualised
XRX
8.2%
4.1%
GL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
GL
GL
XRX
XRX
Revenue
$1.6B
$1.8B
Net Profit
$270.5M
$-105.0M
Gross Margin
29.7%
Operating Margin
-4.0%
Net Margin
17.3%
-5.7%
Revenue YoY
5.3%
26.7%
Net Profit YoY
-16.0%
EPS (diluted)
$3.39
$-0.84

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
XRX
XRX
Q1 26
$1.6B
$1.8B
Q4 25
$1.5B
$2.0B
Q3 25
$1.5B
$2.0B
Q2 25
$1.5B
$1.6B
Q1 25
$1.5B
$1.5B
Q4 24
$1.5B
$1.6B
Q3 24
$1.5B
$1.5B
Q2 24
$1.4B
$1.6B
Net Profit
GL
GL
XRX
XRX
Q1 26
$270.5M
$-105.0M
Q4 25
$266.1M
Q3 25
$387.8M
$-760.0M
Q2 25
$252.7M
$-106.0M
Q1 25
$254.6M
$-90.0M
Q4 24
$255.2M
Q3 24
$303.0M
$-1.2B
Q2 24
$258.4M
$18.0M
Gross Margin
GL
GL
XRX
XRX
Q1 26
29.7%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
26.1%
Q2 24
23.3%
Operating Margin
GL
GL
XRX
XRX
Q1 26
-4.0%
Q4 25
21.7%
Q3 25
31.5%
Q2 25
21.2%
Q1 25
21.4%
Q4 24
21.3%
Q3 24
26.3%
Q2 24
23.5%
Net Margin
GL
GL
XRX
XRX
Q1 26
17.3%
-5.7%
Q4 25
17.5%
Q3 25
25.6%
-38.8%
Q2 25
17.1%
-6.7%
Q1 25
17.2%
-6.2%
Q4 24
17.4%
Q3 24
20.8%
-78.9%
Q2 24
17.9%
1.1%
EPS (diluted)
GL
GL
XRX
XRX
Q1 26
$3.39
$-0.84
Q4 25
$3.28
$-0.62
Q3 25
$4.73
$-6.01
Q2 25
$3.05
$-0.87
Q1 25
$3.01
$-0.75
Q4 24
$3.00
$-0.21
Q3 24
$3.44
$-9.71
Q2 24
$2.83
$0.11

Balance Sheet & Financial Strength

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

Metric
GL
GL
XRX
XRX
Cash + ST InvestmentsLiquidity on hand
$183.8M
$585.0K
Total DebtLower is stronger
$4.3M
Stockholders' EquityBook value
$6.1B
$305.0K
Total Assets
$9.9M
Debt / EquityLower = less leverage
14.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GL
GL
XRX
XRX
Q1 26
$183.8M
$585.0K
Q4 25
$314.7M
$512.0M
Q3 25
$62.8M
$479.0M
Q2 25
$116.7M
$449.0M
Q1 25
$134.1M
$336.0M
Q4 24
$85.0M
$576.0M
Q3 24
$100.5M
$521.0M
Q2 24
$100.6M
$485.0M
Total Debt
GL
GL
XRX
XRX
Q1 26
$4.3M
Q4 25
$4.0B
Q3 25
$4.1B
Q2 25
$3.5B
Q1 25
$2.7B
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$3.2B
Stockholders' Equity
GL
GL
XRX
XRX
Q1 26
$6.1B
$305.0K
Q4 25
$6.0B
$444.0M
Q3 25
$5.7B
$365.0M
Q2 25
$5.4B
$1.1B
Q1 25
$5.4B
$1.1B
Q4 24
$5.3B
$1.1B
Q3 24
$4.6B
$1.3B
Q2 24
$5.2B
$2.4B
Total Assets
GL
GL
XRX
XRX
Q1 26
$9.9M
Q4 25
$30.8B
$9.8B
Q3 25
$30.5B
$10.1B
Q2 25
$29.8B
$8.9B
Q1 25
$29.7B
$8.2B
Q4 24
$29.1B
$8.4B
Q3 24
$29.6B
$8.3B
Q2 24
$28.3B
$9.5B
Debt / Equity
GL
GL
XRX
XRX
Q1 26
14.04×
Q4 25
9.05×
Q3 25
11.10×
Q2 25
3.11×
Q1 25
2.56×
Q4 24
2.62×
Q3 24
2.11×
Q2 24
1.34×

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
XRX
XRX
Operating Cash FlowLast quarter
$-144.0M
Free Cash FlowOCF − Capex
$-165.0M
FCF MarginFCF / Revenue
-8.9%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$116.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GL
GL
XRX
XRX
Q1 26
$-144.0M
Q4 25
$350.6M
$208.0M
Q3 25
$306.0M
$116.0M
Q2 25
$307.9M
$-11.0M
Q1 25
$431.9M
$-89.0M
Q4 24
$336.9M
$351.0M
Q3 24
$340.6M
$116.0M
Q2 24
$374.1M
$123.0M
Free Cash Flow
GL
GL
XRX
XRX
Q1 26
$-165.0M
Q4 25
$330.1M
$192.0M
Q3 25
$208.7M
$104.0M
Q2 25
$295.0M
$-15.0M
Q1 25
$420.1M
$-94.0M
Q4 24
$321.9M
$346.0M
Q3 24
$311.3M
$108.0M
Q2 24
$356.5M
$117.0M
FCF Margin
GL
GL
XRX
XRX
Q1 26
-8.9%
Q4 25
21.7%
9.5%
Q3 25
13.8%
5.3%
Q2 25
19.9%
-1.0%
Q1 25
28.4%
-6.5%
Q4 24
22.0%
21.5%
Q3 24
21.4%
7.1%
Q2 24
24.8%
7.4%
Capex Intensity
GL
GL
XRX
XRX
Q1 26
1.1%
Q4 25
1.3%
0.8%
Q3 25
6.4%
0.6%
Q2 25
0.9%
0.3%
Q1 25
0.8%
0.3%
Q4 24
1.0%
0.3%
Q3 24
2.0%
0.5%
Q2 24
1.2%
0.4%
Cash Conversion
GL
GL
XRX
XRX
Q1 26
Q4 25
1.32×
Q3 25
0.79×
Q2 25
1.22×
Q1 25
1.70×
Q4 24
1.32×
Q3 24
1.12×
Q2 24
1.45×
6.83×

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%

XRX
XRX

Services, maintenance, rentals and other (2)$816.0M44%
Supplies, paper and other sales (2)$437.0M24%
Equipment sales$378.0M20%
IT Products (3)$105.0M6%
Xerox Financial Services (2)$61.0M3%
IT Services (3)$49.0M3%

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