Company / Gross Margin
Globe Life Gross Margin History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
23.1%
FY2023
5-year range
22.6% / 23.8%
FY2019-FY2023
Trend
+2.6%
vs FY2022
Sector context
#19 of 20
Financials
What the data says
Among 20 Financials companies, Globe Life is in the bottom 5% for gross margin. Gross Margin has fluctuated over the past 8 years, ranging from 19.0% in FY2020 to 23.8% in FY2021.
Based on SEC 10-K filings.
23.1% in FY2023 with a 5-year CAGR of +3.0%.
Declined from 23.8% to 23.1% over the past 2 years.
Financials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +4.1pp
- 5-Year Change
- +3.0pp
- 10-Year Change
- -
Sector benchmark
Bottom 5% in FinancialsTop 95% of 20This company 23.1% Sector average 49.6%
▼
-53.4% below sector average
Key checks
Key Insights
- In FY2023, gross margin increased 2.6% year-over-year.
- Currently 26.5pp below the Financials sector average.
- Peak gross margin was recorded in FY2021.
- Lowest gross margin in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 0.53 (distress zone, below 1.8 threshold)
- Strong return on equity: 20.2%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | 23.1% | +2.6% |
| FY2022 | 22.6% | -5.1% |
| FY2021 | 23.8% | +25.0% |
| FY2020 | 19.0% | -5.4% |
| FY2019 | 20.1% | +0.0% |
| FY2018 | 20.1% | +3.6% |
| FY2017 | 19.4% | -2.4% |
| FY2016 | 19.9% | -3.3% |
As of FY2023 · SEC 10-K · Updated Mar 29, 2026