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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Avery Dennison (AVY). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $2.1B, roughly 1.1× AMERICAN FINANCIAL GROUP INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 7.3%, a 7.2% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (7.0% vs -4.0%). 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.
Avery Dennison Corporation is an American multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio.
AFG vs AVY — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.3B |
| Net Profit | $299.0M | $168.1M |
| Gross Margin | — | 28.9% |
| Operating Margin | 18.4% | 10.7% |
| Net Margin | 14.5% | 7.3% |
| Revenue YoY | -4.0% | 7.0% |
| Net Profit YoY | 17.3% | 1.1% |
| EPS (diluted) | $3.59 | — |
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.
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $2.3B | $2.2B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $2.1B | $2.2B | ||
| Q3 24 | $2.4B | $2.2B | ||
| Q2 24 | $1.9B | $2.2B |
| Q1 26 | — | $168.1M | ||
| Q4 25 | $299.0M | $166.4M | ||
| Q3 25 | $215.0M | $166.3M | ||
| Q2 25 | $174.0M | $189.0M | ||
| Q1 25 | $154.0M | $166.3M | ||
| Q4 24 | $255.0M | $174.0M | ||
| Q3 24 | $181.0M | $181.7M | ||
| Q2 24 | $209.0M | $176.8M |
| Q1 26 | — | 28.9% | ||
| Q4 25 | — | 28.7% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 28.9% | ||
| Q4 24 | — | 27.9% | ||
| Q3 24 | — | 28.7% | ||
| Q2 24 | — | 29.6% |
| Q1 26 | — | 10.7% | ||
| Q4 25 | 18.4% | 9.1% | ||
| Q3 25 | 11.5% | 10.6% | ||
| Q2 25 | 11.9% | 11.5% | ||
| Q1 25 | 10.6% | 10.6% | ||
| Q4 24 | 14.9% | 11.0% | ||
| Q3 24 | 9.7% | 11.0% | ||
| Q2 24 | 14.3% | 10.7% |
| Q1 26 | — | 7.3% | ||
| Q4 25 | 14.5% | 7.3% | ||
| Q3 25 | 9.2% | 7.5% | ||
| Q2 25 | 9.0% | 8.5% | ||
| Q1 25 | 8.3% | 7.7% | ||
| Q4 24 | 11.9% | 8.0% | ||
| Q3 24 | 7.6% | 8.3% | ||
| Q2 24 | 11.0% | 7.9% |
| Q1 26 | — | — | ||
| Q4 25 | $3.59 | $2.16 | ||
| Q3 25 | $2.58 | $2.13 | ||
| Q2 25 | $2.07 | $2.41 | ||
| Q1 25 | $1.84 | $2.09 | ||
| Q4 24 | $3.03 | $2.17 | ||
| Q3 24 | $2.16 | $2.25 | ||
| Q2 24 | $2.49 | $2.18 |
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 | $255.1M |
| Total DebtLower is stronger | $1.8B | $3.2B |
| Stockholders' EquityBook value | $4.8B | $2.3B |
| Total Assets | $32.6B | $9.0B |
| Debt / EquityLower = less leverage | 0.38× | 1.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $255.1M | ||
| Q4 25 | $1.7B | $202.8M | ||
| Q3 25 | $1.8B | $536.3M | ||
| Q2 25 | $1.3B | $215.9M | ||
| Q1 25 | $1.3B | $195.9M | ||
| Q4 24 | $1.4B | $329.1M | ||
| Q3 24 | $1.3B | $212.7M | ||
| Q2 24 | $1.1B | $208.8M |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $1.8B | $3.2B | ||
| Q3 25 | $1.8B | $3.2B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.5B | $2.6B | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.5B | $2.0B |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $4.8B | $2.2B | ||
| Q3 25 | $4.7B | $2.2B | ||
| Q2 25 | $4.5B | $2.2B | ||
| Q1 25 | $4.4B | $2.2B | ||
| Q4 24 | $4.5B | $2.3B | ||
| Q3 24 | $4.7B | $2.4B | ||
| Q2 24 | $4.4B | $2.3B |
| Q1 26 | — | $9.0B | ||
| Q4 25 | $32.6B | $8.8B | ||
| Q3 25 | $33.8B | $8.9B | ||
| Q2 25 | $30.7B | $8.6B | ||
| Q1 25 | $30.3B | $8.4B | ||
| Q4 24 | $30.8B | $8.4B | ||
| Q3 24 | $32.6B | $8.5B | ||
| Q2 24 | $29.9B | $8.3B |
| Q1 26 | — | 1.38× | ||
| Q4 25 | 0.38× | 1.43× | ||
| Q3 25 | 0.38× | 1.45× | ||
| Q2 25 | 0.33× | 1.19× | ||
| Q1 25 | 0.34× | 1.19× | ||
| Q4 24 | 0.33× | 1.11× | ||
| Q3 24 | 0.31× | 0.85× | ||
| Q2 24 | 0.34× | 0.89× |
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 | — |
| Free Cash FlowOCF − Capex | — | $104.4M |
| FCF MarginFCF / Revenue | — | 4.5% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $869.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $784.0M | $376.8M | ||
| Q3 25 | $216.0M | $312.1M | ||
| Q2 25 | $191.0M | $208.8M | ||
| Q1 25 | $342.0M | $-16.3M | ||
| Q4 24 | $674.0M | $351.2M | ||
| Q3 24 | $459.0M | $270.1M | ||
| Q2 24 | $-88.0M | $197.7M |
| Q1 26 | — | $104.4M | ||
| Q4 25 | — | $309.7M | ||
| Q3 25 | — | $276.2M | ||
| Q2 25 | — | $178.8M | ||
| Q1 25 | — | $-52.3M | ||
| Q4 24 | — | $281.7M | ||
| Q3 24 | — | $227.1M | ||
| Q2 24 | — | $150.2M |
| Q1 26 | — | 4.5% | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.1% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | — | 12.9% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 6.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.62× | 2.26× | ||
| Q3 25 | 1.00× | 1.88× | ||
| Q2 25 | 1.10× | 1.10× | ||
| Q1 25 | 2.22× | -0.10× | ||
| Q4 24 | 2.64× | 2.02× | ||
| Q3 24 | 2.54× | 1.49× | ||
| Q2 24 | -0.42× | 1.12× |
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% |
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
