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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL). Click either name above to swap in a different company.
AMERICAN FINANCIAL GROUP INC is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs -5.4%, a 19.9% gap on every dollar of revenue. On growth, AMERICAN AXLE & MANUFACTURING HOLDINGS INC posted the faster year-over-year revenue change (0.2% vs -4.0%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs -7.2%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.
AFG vs AXL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.4B |
| Net Profit | $299.0M | $-75.3M |
| Gross Margin | — | 10.2% |
| Operating Margin | 18.4% | -2.4% |
| Net Margin | 14.5% | -5.4% |
| Revenue YoY | -4.0% | 0.2% |
| Net Profit YoY | 17.3% | -449.6% |
| EPS (diluted) | $3.59 | $-0.62 |
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 | $1.4B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.4B | $1.5B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | $1.9B | $1.6B |
| Q4 25 | $299.0M | $-75.3M | ||
| Q3 25 | $215.0M | $9.2M | ||
| Q2 25 | $174.0M | $39.3M | ||
| Q1 25 | $154.0M | $7.1M | ||
| Q4 24 | $255.0M | $-13.7M | ||
| Q3 24 | $181.0M | $10.0M | ||
| Q2 24 | $209.0M | $18.2M | ||
| Q1 24 | $242.0M | $20.5M |
| Q4 25 | — | 10.2% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 12.3% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 13.3% | ||
| Q1 24 | — | 12.4% |
| Q4 25 | 18.4% | -2.4% | ||
| Q3 25 | 11.5% | 3.2% | ||
| Q2 25 | 11.9% | 3.6% | ||
| Q1 25 | 10.6% | 3.0% | ||
| Q4 24 | 14.9% | 2.6% | ||
| Q3 24 | 9.7% | 2.8% | ||
| Q2 24 | 14.3% | 5.3% | ||
| Q1 24 | 15.9% | 4.8% |
| Q4 25 | 14.5% | -5.4% | ||
| Q3 25 | 9.2% | 0.6% | ||
| Q2 25 | 9.0% | 2.6% | ||
| Q1 25 | 8.3% | 0.5% | ||
| Q4 24 | 11.9% | -1.0% | ||
| Q3 24 | 7.6% | 0.7% | ||
| Q2 24 | 11.0% | 1.1% | ||
| Q1 24 | 12.7% | 1.3% |
| Q4 25 | $3.59 | $-0.62 | ||
| Q3 25 | $2.58 | $0.07 | ||
| Q2 25 | $2.07 | $0.32 | ||
| Q1 25 | $1.84 | $0.06 | ||
| Q4 24 | $3.03 | $-0.11 | ||
| Q3 24 | $2.16 | $0.08 | ||
| Q2 24 | $2.49 | $0.15 | ||
| Q1 24 | $2.89 | $0.17 |
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 | $708.9M |
| Total DebtLower is stronger | $1.8B | $4.0B |
| Stockholders' EquityBook value | $4.8B | $640.0M |
| Total Assets | $32.6B | $6.7B |
| Debt / EquityLower = less leverage | 0.38× | 6.31× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $708.9M | ||
| Q3 25 | $1.8B | $714.1M | ||
| Q2 25 | $1.3B | $586.5M | ||
| Q1 25 | $1.3B | $549.2M | ||
| Q4 24 | $1.4B | $552.9M | ||
| Q3 24 | $1.3B | $542.5M | ||
| Q2 24 | $1.1B | $519.9M | ||
| Q1 24 | $1.1B | $469.8M |
| Q4 25 | $1.8B | $4.0B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.5B | $2.6B | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | $1.5B | $2.6B | ||
| Q2 24 | $1.5B | $2.7B | ||
| Q1 24 | $1.5B | $2.7B |
| Q4 25 | $4.8B | $640.0M | ||
| Q3 25 | $4.7B | $718.4M | ||
| Q2 25 | $4.5B | $673.0M | ||
| Q1 25 | $4.4B | $596.3M | ||
| Q4 24 | $4.5B | $562.8M | ||
| Q3 24 | $4.7B | $616.3M | ||
| Q2 24 | $4.4B | $609.6M | ||
| Q1 24 | $4.2B | $621.4M |
| Q4 25 | $32.6B | $6.7B | ||
| Q3 25 | $33.8B | $5.3B | ||
| Q2 25 | $30.7B | $5.3B | ||
| Q1 25 | $30.3B | $5.1B | ||
| Q4 24 | $30.8B | $5.1B | ||
| Q3 24 | $32.6B | $5.3B | ||
| Q2 24 | $29.9B | $5.3B | ||
| Q1 24 | $30.0B | $5.4B |
| Q4 25 | 0.38× | 6.31× | ||
| Q3 25 | 0.38× | 3.61× | ||
| Q2 25 | 0.33× | 3.86× | ||
| Q1 25 | 0.34× | 4.38× | ||
| Q4 24 | 0.33× | 4.58× | ||
| Q3 24 | 0.31× | 4.28× | ||
| Q2 24 | 0.34× | 4.42× | ||
| Q1 24 | 0.35× | 4.40× |
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 | $120.5M |
| Free Cash FlowOCF − Capex | — | $54.7M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | 2.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $155.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | $120.5M | ||
| Q3 25 | $216.0M | $143.3M | ||
| Q2 25 | $191.0M | $91.9M | ||
| Q1 25 | $342.0M | $55.9M | ||
| Q4 24 | $674.0M | $151.2M | ||
| Q3 24 | $459.0M | $143.6M | ||
| Q2 24 | $-88.0M | $142.8M | ||
| Q1 24 | $107.0M | $17.8M |
| Q4 25 | — | $54.7M | ||
| Q3 25 | — | $79.2M | ||
| Q2 25 | — | $34.6M | ||
| Q1 25 | — | $-13.4M | ||
| Q4 24 | — | $73.2M | ||
| Q3 24 | — | $70.4M | ||
| Q2 24 | — | $94.0M | ||
| Q1 24 | — | $-30.2M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | -1.9% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | 2.62× | — | ||
| Q3 25 | 1.00× | 15.58× | ||
| Q2 25 | 1.10× | 2.34× | ||
| Q1 25 | 2.22× | 7.87× | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 2.54× | 14.36× | ||
| Q2 24 | -0.42× | 7.85× | ||
| Q1 24 | 0.44× | 0.87× |
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% |
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
