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Globe Life

GL Clue Score45
United States Fiscal year ends December CIK 0000320335
$165.12 +0.58% Close, 12 Oct 2026
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Price $165.12 +75.57% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3.93Operating income0.79Net income0.55EPS, diluted4.49Fiscal year 2017Revenue4.16 +5.6%Operating income0.82Net income1.45 +164.6%EPS, diluted12.22 +172.2%Fiscal year 2018Revenue4.30 +3.6%Operating income0.87Net income0.70 −51.8%EPS, diluted6.09 −50.2%Fiscal year 2019Revenue4.53 +5.2%Operating income0.92Net income0.76 +8.5%EPS, diluted6.83 +12.2%Fiscal year 2020Revenue4.74 +4.6%Operating income0.91Net income0.73 −3.8%EPS, diluted6.82 −0.1%Fiscal year 2021Revenue5.11 +7.9%Operating income1.23Net income1.03 +40.9%EPS, diluted9.99 +46.5%Fiscal year 2022Revenue5.23 +2.2%Operating income1.19Net income0.89 −13.3%EPS, diluted9.04 −9.5%Fiscal year 2023Revenue5.45 +4.2%Operating income1.27Net income0.97 +8.5%EPS, diluted10.07 +11.4%Fiscal year 2024Revenue5.78 +6.1%Net income1.07 +10.3%EPS, diluted11.94 +18.6%Fiscal year 2025Revenue5.99 +3.7%Net income1.16 +8.4%EPS, diluted14.07 +17.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3.93 4.16 4.30 4.53 4.74 5.11 5.23 5.45 5.78 5.99
Growth +5.6% +3.6% +5.2% +4.6% +7.9% +2.2% +4.2% +6.1% +3.7%
Operating income 0.79 0.82 0.87 0.92 0.91 1.23 1.19 1.27 n/a n/a
Net income 0.55 1.45 0.70 0.76 0.73 1.03 0.89 0.97 1.07 1.16
Growth +164.6% −51.8% +8.5% −3.8% +40.9% −13.3% +8.5% +10.3% +8.4%
EPS, diluted 4.49 12.22 6.09 6.83 6.82 9.99 9.04 10.07 11.94 14.07
Growth +172.2% −50.2% +12.2% −0.1% +46.5% −9.5% +11.4% +18.6% +17.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin19.9%Operating margin20.0%Net margin14.0%Free cash flow margin34.9%Fiscal year 2017Gross margin19.4%Operating margin19.8%Net margin35.0%Free cash flow margin33.9%Fiscal year 2018Gross margin20.1%Operating margin20.2%Net margin16.3%Free cash flow margin28.6%Fiscal year 2019Gross margin20.1%Operating margin20.3%Net margin16.8%Free cash flow margin29.2%Fiscal year 2020Gross margin19.0%Operating margin19.1%Net margin15.4%Free cash flow margin30.3%Fiscal year 2021Gross margin23.8%Operating margin24.0%Net margin20.2%Free cash flow margin27.4%Fiscal year 2022Gross margin22.6%Operating margin22.7%Net margin17.1%Free cash flow margin26.7%Fiscal year 2023Gross margin23.1%Operating margin23.2%Net margin17.8%Free cash flow margin26.3%Fiscal year 2024Net margin18.5%Free cash flow margin23.0%Fiscal year 2025Net margin19.4%Free cash flow margin20.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 19.9% 19.4% 20.1% 20.1% 19.0% 23.8% 22.6% 23.1% n/a n/a
Operating margin 20.0% 19.8% 20.2% 20.3% 19.1% 24.0% 22.7% 23.2% n/a n/a
Net margin 14.0% 35.0% 16.3% 16.8% 15.4% 20.2% 17.1% 17.8% 18.5% 19.4%
Free cash flow margin 34.9% 33.9% 28.6% 29.2% 30.3% 27.4% 26.7% 26.3% 23.0% 20.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.40Capital expenditure−0.03Free cash flow1.37Buybacks−0.40Dividends paid−0.07Fiscal year 2017Operating cash flow1.43Capital expenditure−0.02Free cash flow1.41 +2.6%Buybacks−0.41Dividends paid−0.07Fiscal year 2018Operating cash flow1.28Capital expenditure−0.05Free cash flow1.23 −12.5%Buybacks−0.42Dividends paid−0.07Fiscal year 2019Operating cash flow1.36Capital expenditure−0.04Free cash flow1.32 +7.2%Buybacks−0.46Dividends paid−0.07Fiscal year 2020Operating cash flow1.48Capital expenditure−0.04Free cash flow1.43 +8.6%Buybacks−0.44Dividends paid−0.08Fiscal year 2021Operating cash flow1.44Capital expenditure−0.04Free cash flow1.40 −2.5%Buybacks−0.54Dividends paid−0.08Fiscal year 2022Operating cash flow1.42Capital expenditure−0.03Free cash flow1.39 −0.4%Buybacks−0.45Dividends paid−0.08Fiscal year 2023Operating cash flow1.48Capital expenditure−0.05Free cash flow1.43 +2.8%Buybacks−0.51Dividends paid−0.08Fiscal year 2024Operating cash flow1.40Capital expenditure−0.07Free cash flow1.33 −7.1%Buybacks−1.00Dividends paid−0.09Fiscal year 2025Operating cash flow1.40Capital expenditure−0.14Free cash flow1.25 −5.8%Buybacks−0.88Dividends paid−0.09
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.40 1.43 1.28 1.36 1.48 1.44 1.42 1.48 1.40 1.40
Capital expenditure −0.03 −0.02 −0.05 −0.04 −0.04 −0.04 −0.03 −0.05 −0.07 −0.14
Free cash flow 1.37 1.41 1.23 1.32 1.43 1.40 1.39 1.43 1.33 1.25
Growth +2.6% −12.5% +7.2% +8.6% −2.5% −0.4% +2.8% −7.1% −5.8%
Buybacks −0.40 −0.41 −0.42 −0.46 −0.44 −0.54 −0.45 −0.51 −1.00 −0.88
Dividends paid −0.07 −0.07 −0.07 −0.07 −0.08 −0.08 −0.08 −0.08 −0.09 −0.09

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.08Total debt1.14Net cash (debt)−1.06Shareholders’ equity4.57Debt to equity0.25Fiscal year 2017Cash0.12Total debt1.14Net cash (debt)−1.02Shareholders’ equity6.23Debt to equity0.18Fiscal year 2018Cash0.12Total debt1.36Net cash (debt)−1.24Shareholders’ equity5.42Debt to equity0.25Fiscal year 2019Cash0.08Total debt1.36Net cash (debt)−1.28Shareholders’ equity7.29Debt to equity0.19Fiscal year 2020Cash0.09Total debt1.67Net cash (debt)−1.57Shareholders’ equity8.77Debt to equity0.19Fiscal year 2021Cash0.09Total debt1.70Net cash (debt)−1.60Shareholders’ equity2.00Debt to equity0.85Fiscal year 2022Cash0.09Total debt1.79Net cash (debt)−1.70Shareholders’ equity3.95Debt to equity0.45Fiscal year 2023Cash0.10Total debt1.63Net cash (debt)−1.53Shareholders’ equity4.49Debt to equity0.36Fiscal year 2024Cash0.17Total debt2.32Net cash (debt)−2.16Shareholders’ equity5.31Debt to equity0.44Fiscal year 2025Cash0.14Total debt2.32Net cash (debt)−2.18Shareholders’ equity5.97Debt to equity0.39
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.08 0.12 0.12 0.08 0.09 0.09 0.09 0.10 0.17 0.14
Total debt 1.14 1.14 1.36 1.36 1.67 1.70 1.79 1.63 2.32 2.32
Net cash (debt) −1.06 −1.02 −1.24 −1.28 −1.57 −1.60 −1.70 −1.53 −2.16 −2.18
Shareholders’ equity 4.57 6.23 5.42 7.29 8.77 2.00 3.95 4.49 5.31 5.97
Debt to equity 0.25 0.18 0.25 0.19 0.19 0.85 0.45 0.36 0.44 0.39

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
3.93 4.16 4.30 4.53 4.74 5.11 5.23 5.45 5.78 5.99
Growth +5.6% +3.6% +5.2% +4.6% +7.9% +2.2% +4.2% +6.1% +3.7%
0.78 0.81 0.87 0.91 0.90 1.22 1.18 1.26 n/a n/a
Growth +3.1% +7.2% +5.2% −1.1% +34.9% −3.0% +6.9%
0.20 0.21 0.23 0.25 0.25 0.28 0.31 0.30 n/a n/a
0.79 0.82 0.87 0.92 0.91 1.23 1.19 1.27 n/a n/a
Growth +4.3% +6.0% +5.7% −1.6% +35.5% −3.3% +6.6%
0.77 0.83 0.86 0.93 0.90 1.27 1.10 1.19 1.33 1.44
0.23 −0.63 0.16 0.17 0.16 0.24 0.21 0.22 0.26 0.27
0.55 1.45 0.70 0.76 0.73 1.03 0.89 0.97 1.07 1.16
Growth +164.6% −51.8% +8.5% −3.8% +40.9% −13.3% +8.5% +10.3% +8.4%
Per share
4.58 12.50 6.22 6.97 6.90 10.10 9.13 10.21 11.99 14.27
4.49 12.22 6.09 6.83 6.82 9.99 9.04 10.07 11.94 14.07
Growth +172.2% −50.2% +12.2% −0.1% +46.5% −9.5% +11.4% +18.6% +17.8%
120.0 116.3 112.9 109.2 106.1 102.1 97.9 95.1 89.3 81.4
122.4 119.0 115.2 111.4 107.2 103.2 99.0 96.4 89.7 82.5
Growth −2.8% −3.1% −3.4% −3.7% −3.8% −4.1% −2.6% −7.0% −8.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.8% a year over five years, and earnings per share grew 15.6% a year.
  • The diluted share count fell 23.0% in five years, so buybacks did some of the work per share.
  • Profitable in every one of the 10 years on file.