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Side-by-side financial comparison of Corebridge Financial, Inc. (CRBG) and U.S. Bancorp (USB), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
U.S. Bancorp is the larger business by last-quarter revenue ($7.4B vs $6.7B, roughly 1.1× Corebridge Financial, Inc.). U.S. Bancorp runs the higher net margin — 12.1% vs 27.8%, a 15.7% gap on every dollar of revenue. On growth, U.S. Bancorp posted the faster year-over-year revenue change (5.1% vs 1.7%). Over the past eight quarters, Corebridge Financial, Inc.'s revenue compounded faster (7.4% CAGR vs 4.7%).
Corebridge Financial, Inc. is an American financial services company. It provides annuities, life insurance, retirement plans, wealth management, and other financial services through its four core businesses—individual retirement, life insurance, retirement services, and institutional markets.
U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...
CRBG vs USB — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $6.7B | $7.4B |
| Net Profit | $814.0M | $2.0B |
| Gross Margin | — | — |
| Operating Margin | 14.4% | 34.4% |
| Net Margin | 12.1% | 27.8% |
| Revenue YoY | 1.7% | 5.1% |
| Net Profit YoY | -62.5% | 23.0% |
| EPS (diluted) | $1.44 | $1.26 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $6.7B | $7.4B | ||
| Q3 25 | $5.4B | $7.3B | ||
| Q2 25 | $2.7B | $7.0B | ||
| Q1 25 | $3.6B | $7.0B | ||
| Q4 24 | $6.6B | $7.0B | ||
| Q3 24 | $2.6B | $6.9B | ||
| Q2 24 | $3.7B | $6.9B | ||
| Q1 24 | $5.8B | $6.7B |
| Q4 25 | $814.0M | $2.0B | ||
| Q3 25 | $144.0M | $2.0B | ||
| Q2 25 | $-660.0M | $1.8B | ||
| Q1 25 | $-664.0M | $1.7B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $-1.2B | $1.7B | ||
| Q2 24 | $365.0M | $1.6B | ||
| Q1 24 | $878.0M | $1.3B |
| Q4 25 | 14.4% | 34.4% | ||
| Q3 25 | -0.8% | 34.5% | ||
| Q2 25 | -22.2% | 32.7% | ||
| Q1 25 | -24.0% | 31.0% | ||
| Q4 24 | 44.2% | 30.1% | ||
| Q3 24 | -60.9% | 30.2% | ||
| Q2 24 | 12.3% | 29.9% | ||
| Q1 24 | 17.4% | 24.9% |
| Q4 25 | 12.1% | 27.8% | ||
| Q3 25 | 2.7% | 27.3% | ||
| Q2 25 | -24.1% | 25.9% | ||
| Q1 25 | -18.5% | 24.6% | ||
| Q4 24 | 32.8% | 23.7% | ||
| Q3 24 | -45.3% | 25.0% | ||
| Q2 24 | 9.8% | 23.3% | ||
| Q1 24 | 15.0% | 19.6% |
| Q4 25 | $1.44 | $1.26 | ||
| Q3 25 | $0.27 | $1.22 | ||
| Q2 25 | $-1.20 | $1.11 | ||
| Q1 25 | $-1.19 | $1.03 | ||
| Q4 24 | $3.74 | $1.01 | ||
| Q3 24 | $-2.02 | $1.03 | ||
| Q2 24 | $0.59 | $0.97 | ||
| Q1 24 | $1.41 | $0.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $13.2B | $65.2B |
| Total Assets | $413.5B | $692.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $13.2B | $65.2B | ||
| Q3 25 | $13.5B | $63.3B | ||
| Q2 25 | $12.3B | $61.4B | ||
| Q1 25 | $12.0B | $60.1B | ||
| Q4 24 | $11.5B | $58.6B | ||
| Q3 24 | $13.6B | $58.9B | ||
| Q2 24 | $11.0B | $56.4B | ||
| Q1 24 | $11.6B | $55.6B |
| Q4 25 | $413.5B | $692.3B | ||
| Q3 25 | $411.3B | $695.4B | ||
| Q2 25 | $399.2B | $686.4B | ||
| Q1 25 | $390.0B | $676.5B | ||
| Q4 24 | $389.4B | $678.3B | ||
| Q3 24 | $399.4B | $686.5B | ||
| Q2 24 | $382.5B | $680.1B | ||
| Q1 24 | $385.6B | $683.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.9B | $2.8B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | — |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 2.31× | 1.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $1.9B | $2.8B | ||
| Q3 25 | $24.0M | $3.4B | ||
| Q2 25 | $-259.0M | $2.0B | ||
| Q1 25 | $375.0M | $-285.0M | ||
| Q4 24 | $1.5B | $4.8B | ||
| Q3 24 | $83.0M | $972.0M | ||
| Q2 24 | $-9.0M | $2.9B | ||
| Q1 24 | $598.0M | $2.7B |
| Q4 25 | 2.31× | 1.39× | ||
| Q3 25 | 0.17× | 1.69× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | -0.17× | ||
| Q4 24 | 0.68× | 2.87× | ||
| Q3 24 | — | 0.57× | ||
| Q2 24 | -0.02× | 1.79× | ||
| Q1 24 | 0.68× | 2.02× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
CRBG
| Institutional Markets Segment | $2.9B | 43% |
| Life Insurance Operating Segment | $1.1B | 16% |
| Individual Retirement Segment | $1.0B | 16% |
| Other | $1.0B | 15% |
| Group Retirement Segment | $667.0M | 10% |
USB
Segment breakdown not available.
