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FG vs BLK
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
FG vs BLK — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Insurance - Life | Asset Management |
| Market Cap | $4.00B | $166.54B |
| Revenue (TTM) | $5.53B | $20.41B |
| Net Income (TTM) | $265M | $6.10B |
| Gross Margin | 28.3% | 49.4% |
| Operating Margin | 5.8% | 37.1% |
| Forward P/E | 7.2x | 20.2x |
| Total Debt | $2.24B | $14.22B |
| Cash & Equiv. | $1.49B | $12.76B |
FG vs BLK — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 22 | May 26 | Return |
|---|---|---|---|
| F&G Annuities & Lif… (FG) | 100 | 128.1 | +28.1% |
| BlackRock, Inc. (BLK) | 100 | 149.9 | +49.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FG vs BLK
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FG is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 4 yrs, beta 1.02, yield 3.5%
- Lower volatility, beta 1.02, Low D/E 45.5%
- PEG 0.35 vs BLK's 2.49
BLK carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 14.3%, EPS growth 15.1%
- 246.4% 10Y total return vs FG's 92.7%
- 14.3% NII/revenue growth vs FG's 5.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 14.3% NII/revenue growth vs FG's 5.7% | |
| Value | Lower P/E (7.2x vs 20.2x), PEG 0.35 vs 2.49 | |
| Quality / Margins | 31.2% margin vs FG's 4.8% | |
| Stability / Safety | Beta 1.02 vs BLK's 1.28 | |
| Dividends | 3.5% yield, 4-year raise streak, vs BLK's 1.9% | |
| Momentum (1Y) | +19.7% vs FG's -14.6% | |
| Efficiency (ROA) | 3.7% ROA vs FG's 0.3%, ROIC 9.9% vs 5.0% |
FG vs BLK — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FG vs BLK — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BLK leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
BLK is the larger business by revenue, generating $20.4B annually — 3.7x FG's $5.5B. BLK is the more profitable business, keeping 31.2% of every revenue dollar as net income compared to FG's 4.8%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $5.5B | $20.4B |
| EBITDAEarnings before interest/tax | $988M | $8.3B |
| Net IncomeAfter-tax profit | $265M | $6.1B |
| Free Cash FlowCash after capex | $5.0B | $3.9B |
| Gross MarginGross profit ÷ Revenue | +28.3% | +49.4% |
| Operating MarginEBIT ÷ Revenue | +5.8% | +37.1% |
| Net MarginNet income ÷ Revenue | +4.8% | +31.2% |
| FCF MarginFCF ÷ Revenue | +91.0% | +23.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +20.1% | — |
| EPS Growth (YoY)Latest quarter vs prior year | -64.4% | -22.7% |
Valuation Metrics
FG leads this category, winning 7 of 7 comparable metrics.
Valuation Metrics
At 15.7x trailing earnings, FG trades at a 39% valuation discount to BLK's 25.6x P/E. Adjusting for growth (PEG ratio), FG offers better value at 0.35x vs BLK's 3.15x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $4.0B | $166.5B |
| Enterprise ValueMkt cap + debt − cash | $4.7B | $168.0B |
| Trailing P/EPrice ÷ TTM EPS | 15.67x | 25.56x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.18x | 20.21x |
| PEG RatioP/E ÷ EPS growth rate | 0.35x | 3.15x |
| EV / EBITDAEnterprise value multiple | 4.80x | 20.73x |
| Price / SalesMarket cap ÷ Revenue | 0.70x | 8.16x |
| Price / BookPrice ÷ Book value/share | 0.79x | 3.30x |
| Price / FCFMarket cap ÷ FCF | 0.86x | 35.43x |
Profitability & Efficiency
BLK leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
BLK delivers a 9.9% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $6 for FG. BLK carries lower financial leverage with a 0.29x debt-to-equity ratio, signaling a more conservative balance sheet compared to FG's 0.45x. On the Piotroski fundamental quality scale (0–9), BLK scores 6/9 vs FG's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +5.6% | +9.9% |
| ROA (TTM)Return on assets | +0.3% | +3.7% |
| ROICReturn on invested capital | +5.0% | +9.9% |
| ROCEReturn on capital employed | +0.4% | +5.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.45x | 0.29x |
| Net DebtTotal debt minus cash | $751M | $1.5B |
| Cash & Equiv.Liquid assets | $1.5B | $12.8B |
| Total DebtShort + long-term debt | $2.2B | $14.2B |
| Interest CoverageEBIT ÷ Interest expense | 2.97x | 9.27x |
Total Returns (Dividends Reinvested)
Evenly matched — FG and BLK each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FG five years ago would be worth $19,272 today (with dividends reinvested), compared to $13,522 for BLK. Over the past 12 months, BLK leads with a +19.7% total return vs FG's -14.6%. The 3-year compound annual growth rate (CAGR) favors FG at 24.2% vs BLK's 20.9% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -1.1% | -0.5% |
| 1-Year ReturnPast 12 months | -14.6% | +19.7% |
| 3-Year ReturnCumulative with dividends | +91.8% | +76.6% |
| 5-Year ReturnCumulative with dividends | +92.7% | +35.2% |
| 10-Year ReturnCumulative with dividends | +92.7% | +246.4% |
| CAGR (3Y)Annualised 3-year return | +24.2% | +20.9% |
Risk & Volatility
Evenly matched — FG and BLK each lead in 1 of 2 comparable metrics.
Risk & Volatility
FG is the less volatile stock with a 1.02 beta — it tends to amplify market swings less than BLK's 1.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BLK currently trades 88.0% from its 52-week high vs FG's 80.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.02x | 1.28x |
| 52-Week HighHighest price in past year | $36.70 | $1219.94 |
| 52-Week LowLowest price in past year | $20.57 | $906.57 |
| % of 52W HighCurrent price vs 52-week peak | +80.3% | +88.0% |
| RSI (14)Momentum oscillator 0–100 | 71.4 | 55.3 |
| Avg Volume (50D)Average daily shares traded | 585K | 798K |
Analyst Outlook
Evenly matched — FG and BLK each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates FG as "Hold" and BLK as "Buy". Consensus price targets imply 22.2% upside for BLK (target: $1312) vs 5.2% for FG (target: $31). For income investors, FG offers the higher dividend yield at 3.52% vs BLK's 1.91%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $31.00 | $1311.78 |
| # AnalystsCovering analysts | 9 | 33 |
| Dividend YieldAnnual dividend ÷ price | +3.5% | +1.9% |
| Dividend StreakConsecutive years of raises | 4 | 15 |
| Dividend / ShareAnnual DPS | $1.04 | $20.46 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | +1.2% |
BLK leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FG leads in 1 (Valuation Metrics). 3 tied.
FG vs BLK: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FG or BLK a better buy right now?
For growth investors, BlackRock, Inc.
(BLK) is the stronger pick with 14. 3% revenue growth year-over-year, versus 5. 7% for F&G Annuities & Life, Inc. (FG). F&G Annuities & Life, Inc. (FG) offers the better valuation at 15. 7x trailing P/E (7. 2x forward), making it the more compelling value choice. Analysts rate BlackRock, Inc. (BLK) a "Buy" — based on 33 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FG or BLK?
On trailing P/E, F&G Annuities & Life, Inc.
(FG) is the cheapest at 15. 7x versus BlackRock, Inc. at 25. 6x. On forward P/E, F&G Annuities & Life, Inc. is actually cheaper at 7. 2x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: F&G Annuities & Life, Inc. wins at 0. 35x versus BlackRock, Inc. 's 2. 49x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — FG or BLK?
Over the past 5 years, F&G Annuities & Life, Inc.
(FG) delivered a total return of +92. 7%, compared to +35. 2% for BlackRock, Inc. (BLK). Over 10 years, the gap is even starker: BLK returned +246. 4% versus FG's +92. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FG or BLK?
By beta (market sensitivity over 5 years), F&G Annuities & Life, Inc.
(FG) is the lower-risk stock at 1. 02β versus BlackRock, Inc. 's 1. 28β — meaning BLK is approximately 26% more volatile than FG relative to the S&P 500. On balance sheet safety, BlackRock, Inc. (BLK) carries a lower debt/equity ratio of 29% versus 45% for F&G Annuities & Life, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — FG or BLK?
By revenue growth (latest reported year), BlackRock, Inc.
(BLK) is pulling ahead at 14. 3% versus 5. 7% for F&G Annuities & Life, Inc. (FG). On earnings-per-share growth, the picture is similar: BlackRock, Inc. grew EPS 15. 1% year-over-year, compared to -61. 5% for F&G Annuities & Life, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FG or BLK?
BlackRock, Inc.
(BLK) is the more profitable company, earning 31. 2% net margin versus 4. 6% for F&G Annuities & Life, Inc. — meaning it keeps 31. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BLK leads at 37. 1% versus 5. 6% for FG. At the gross margin level — before operating expenses — BLK leads at 49. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FG or BLK more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, F&G Annuities & Life, Inc. (FG) is the more undervalued stock at a PEG of 0. 35x versus BlackRock, Inc. 's 2. 49x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, F&G Annuities & Life, Inc. (FG) trades at 7. 2x forward P/E versus 20. 2x for BlackRock, Inc. — 13. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BLK: 22. 2% to $1311. 78.
08Which pays a better dividend — FG or BLK?
All stocks in this comparison pay dividends.
F&G Annuities & Life, Inc. (FG) offers the highest yield at 3. 5%, versus 1. 9% for BlackRock, Inc. (BLK).
09Is FG or BLK better for a retirement portfolio?
For long-horizon retirement investors, F&G Annuities & Life, Inc.
(FG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 02), 3. 5% yield). Both have compounded well over 10 years (FG: +92. 7%, BLK: +246. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FG and BLK?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: FG is a small-cap deep-value stock; BLK is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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