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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and APA Corporation (APA). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $2.1B, roughly 1.1× AMERICAN FINANCIAL GROUP INC). APA Corporation runs the higher net margin — 15.0% vs 14.5%, a 0.5% gap on every dollar of revenue. On growth, AMERICAN FINANCIAL GROUP INC posted the faster year-over-year revenue change (-4.0% vs -24.3%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs 1.4%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
AFG vs APA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.2B |
| Net Profit | $299.0M | $331.0M |
| Gross Margin | — | — |
| Operating Margin | 18.4% | 32.5% |
| Net Margin | 14.5% | 15.0% |
| Revenue YoY | -4.0% | -24.3% |
| Net Profit YoY | 17.3% | -22.1% |
| EPS (diluted) | $3.59 | $0.79 |
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.
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $2.3B | $2.3B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $1.9B | $2.7B | ||
| Q4 24 | $2.1B | $2.9B | ||
| Q3 24 | $2.4B | $2.7B | ||
| Q2 24 | $1.9B | $2.8B | ||
| Q1 24 | $1.9B | $2.1B |
| Q4 25 | $299.0M | $331.0M | ||
| Q3 25 | $215.0M | $205.0M | ||
| Q2 25 | $174.0M | $603.0M | ||
| Q1 25 | $154.0M | $418.0M | ||
| Q4 24 | $255.0M | $425.0M | ||
| Q3 24 | $181.0M | $-223.0M | ||
| Q2 24 | $209.0M | $541.0M | ||
| Q1 24 | $242.0M | $212.0M |
| Q4 25 | 18.4% | 32.5% | ||
| Q3 25 | 11.5% | 33.7% | ||
| Q2 25 | 11.9% | 31.8% | ||
| Q1 25 | 10.6% | 31.9% | ||
| Q4 24 | 14.9% | 31.4% | ||
| Q3 24 | 9.7% | -5.2% | ||
| Q2 24 | 14.3% | 34.4% | ||
| Q1 24 | 15.9% | 32.2% |
| Q4 25 | 14.5% | 15.0% | ||
| Q3 25 | 9.2% | 9.0% | ||
| Q2 25 | 9.0% | 26.0% | ||
| Q1 25 | 8.3% | 15.4% | ||
| Q4 24 | 11.9% | 14.6% | ||
| Q3 24 | 7.6% | -8.1% | ||
| Q2 24 | 11.0% | 19.0% | ||
| Q1 24 | 12.7% | 9.9% |
| Q4 25 | $3.59 | $0.79 | ||
| Q3 25 | $2.58 | $0.57 | ||
| Q2 25 | $2.07 | $1.67 | ||
| Q1 25 | $1.84 | $0.96 | ||
| Q4 24 | $3.03 | $0.97 | ||
| Q3 24 | $2.16 | $-0.60 | ||
| Q2 24 | $2.49 | $1.46 | ||
| Q1 24 | $2.89 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7B | $516.0M |
| Total DebtLower is stronger | $1.8B | $4.3B |
| Stockholders' EquityBook value | $4.8B | $6.1B |
| Total Assets | $32.6B | $17.8B |
| Debt / EquityLower = less leverage | 0.38× | 0.70× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $516.0M | ||
| Q3 25 | $1.8B | $475.0M | ||
| Q2 25 | $1.3B | $107.0M | ||
| Q1 25 | $1.3B | $67.0M | ||
| Q4 24 | $1.4B | $625.0M | ||
| Q3 24 | $1.3B | $64.0M | ||
| Q2 24 | $1.1B | $160.0M | ||
| Q1 24 | $1.1B | $102.0M |
| Q4 25 | $1.8B | $4.3B | ||
| Q3 25 | $1.8B | $4.3B | ||
| Q2 25 | $1.5B | $4.3B | ||
| Q1 25 | $1.5B | $5.2B | ||
| Q4 24 | $1.5B | $6.0B | ||
| Q3 24 | $1.5B | $6.4B | ||
| Q2 24 | $1.5B | $6.7B | ||
| Q1 24 | $1.5B | $5.2B |
| Q4 25 | $4.8B | $6.1B | ||
| Q3 25 | $4.7B | $6.0B | ||
| Q2 25 | $4.5B | $5.9B | ||
| Q1 25 | $4.4B | $5.4B | ||
| Q4 24 | $4.5B | $5.3B | ||
| Q3 24 | $4.7B | $5.1B | ||
| Q2 24 | $4.4B | $5.4B | ||
| Q1 24 | $4.2B | $2.6B |
| Q4 25 | $32.6B | $17.8B | ||
| Q3 25 | $33.8B | $17.7B | ||
| Q2 25 | $30.7B | $18.1B | ||
| Q1 25 | $30.3B | $18.5B | ||
| Q4 24 | $30.8B | $19.4B | ||
| Q3 24 | $32.6B | $19.4B | ||
| Q2 24 | $29.9B | $20.2B | ||
| Q1 24 | $30.0B | $15.0B |
| Q4 25 | 0.38× | 0.70× | ||
| Q3 25 | 0.38× | 0.72× | ||
| Q2 25 | 0.33× | 0.73× | ||
| Q1 25 | 0.34× | 0.96× | ||
| Q4 24 | 0.33× | 1.13× | ||
| Q3 24 | 0.31× | 1.25× | ||
| Q2 24 | 0.34× | 1.24× | ||
| Q1 24 | 0.35× | 1.99× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $784.0M | $808.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.62× | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | $808.0M | ||
| Q3 25 | $216.0M | $1.5B | ||
| Q2 25 | $191.0M | $1.2B | ||
| Q1 25 | $342.0M | $1.1B | ||
| Q4 24 | $674.0M | $1.0B | ||
| Q3 24 | $459.0M | $1.3B | ||
| Q2 24 | $-88.0M | $877.0M | ||
| Q1 24 | $107.0M | $368.0M |
| Q4 25 | 2.62× | 2.44× | ||
| Q3 25 | 1.00× | 7.12× | ||
| Q2 25 | 1.10× | 1.96× | ||
| Q1 25 | 2.22× | 2.62× | ||
| Q4 24 | 2.64× | 2.44× | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | -0.42× | 1.62× | ||
| Q1 24 | 0.44× | 1.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
