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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Ball Corporation (BALL). Click either name above to swap in a different company.

Ball Corporation is the larger business by last-quarter revenue ($3.3B vs $2.1B, roughly 1.6× AMERICAN FINANCIAL GROUP INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 6.0%, a 8.5% gap on every dollar of revenue. On growth, Ball Corporation posted the faster year-over-year revenue change (16.2% vs -4.0%). Over the past eight quarters, Ball Corporation's revenue compounded faster (7.9% CAGR vs 4.0%).

The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.

Ball Corporation is a leading global provider of innovative, sustainable aluminum packaging solutions for beverage, personal care, and household product brands. It also operates an aerospace segment that delivers advanced technologies, systems, and services to government and commercial customers worldwide, prioritizing environmental responsibility and product reliability across all operations.

AFG vs BALL — Head-to-Head

Bigger by revenue
BALL
BALL
1.6× larger
BALL
$3.3B
$2.1B
AFG
Growing faster (revenue YoY)
BALL
BALL
+20.2% gap
BALL
16.2%
-4.0%
AFG
Higher net margin
AFG
AFG
8.5% more per $
AFG
14.5%
6.0%
BALL
Faster 2-yr revenue CAGR
BALL
BALL
Annualised
BALL
7.9%
4.0%
AFG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFG
AFG
BALL
BALL
Revenue
$2.1B
$3.3B
Net Profit
$299.0M
$200.0M
Gross Margin
Operating Margin
18.4%
7.2%
Net Margin
14.5%
6.0%
Revenue YoY
-4.0%
16.2%
Net Profit YoY
17.3%
766.7%
EPS (diluted)
$3.59
$0.73

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.

Revenue
AFG
AFG
BALL
BALL
Q4 25
$2.1B
$3.3B
Q3 25
$2.3B
$3.4B
Q2 25
$1.9B
$3.3B
Q1 25
$1.9B
$3.1B
Q4 24
$2.1B
$2.9B
Q3 24
$2.4B
$3.1B
Q2 24
$1.9B
$3.0B
Q1 24
$1.9B
$2.9B
Net Profit
AFG
AFG
BALL
BALL
Q4 25
$299.0M
$200.0M
Q3 25
$215.0M
$321.0M
Q2 25
$174.0M
$215.0M
Q1 25
$154.0M
$179.0M
Q4 24
$255.0M
$-30.0M
Q3 24
$181.0M
$199.0M
Q2 24
$209.0M
$159.0M
Q1 24
$242.0M
$3.7B
Gross Margin
AFG
AFG
BALL
BALL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
17.7%
Q2 24
16.5%
Q1 24
16.6%
Operating Margin
AFG
AFG
BALL
BALL
Q4 25
18.4%
7.2%
Q3 25
11.5%
11.6%
Q2 25
11.9%
8.0%
Q1 25
10.6%
7.4%
Q4 24
14.9%
0.2%
Q3 24
9.7%
7.4%
Q2 24
14.3%
6.8%
Q1 24
15.9%
6.8%
Net Margin
AFG
AFG
BALL
BALL
Q4 25
14.5%
6.0%
Q3 25
9.2%
9.5%
Q2 25
9.0%
6.4%
Q1 25
8.3%
5.8%
Q4 24
11.9%
-1.0%
Q3 24
7.6%
6.5%
Q2 24
11.0%
5.4%
Q1 24
12.7%
128.3%
EPS (diluted)
AFG
AFG
BALL
BALL
Q4 25
$3.59
$0.73
Q3 25
$2.58
$1.18
Q2 25
$2.07
$0.76
Q1 25
$1.84
$0.63
Q4 24
$3.03
$0.23
Q3 24
$2.16
$0.65
Q2 24
$2.49
$0.51
Q1 24
$2.89
$11.61

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AFG
AFG
BALL
BALL
Cash + ST InvestmentsLiquidity on hand
$1.7B
$1.2B
Total DebtLower is stronger
$1.8B
$7.0B
Stockholders' EquityBook value
$4.8B
$5.4B
Total Assets
$32.6B
$19.5B
Debt / EquityLower = less leverage
0.38×
1.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
BALL
BALL
Q4 25
$1.7B
$1.2B
Q3 25
$1.8B
$568.0M
Q2 25
$1.3B
$296.0M
Q1 25
$1.3B
$449.0M
Q4 24
$1.4B
$885.0M
Q3 24
$1.3B
$1.4B
Q2 24
$1.1B
$1.3B
Q1 24
$1.1B
$1.7B
Total Debt
AFG
AFG
BALL
BALL
Q4 25
$1.8B
$7.0B
Q3 25
$1.8B
$6.9B
Q2 25
$1.5B
$6.5B
Q1 25
$1.5B
$6.1B
Q4 24
$1.5B
$5.3B
Q3 24
$1.5B
$5.4B
Q2 24
$1.5B
$5.5B
Q1 24
$1.5B
$5.5B
Stockholders' Equity
AFG
AFG
BALL
BALL
Q4 25
$4.8B
$5.4B
Q3 25
$4.7B
$5.4B
Q2 25
$4.5B
$5.2B
Q1 25
$4.4B
$5.5B
Q4 24
$4.5B
$5.9B
Q3 24
$4.7B
$6.7B
Q2 24
$4.4B
$6.9B
Q1 24
$4.2B
$7.3B
Total Assets
AFG
AFG
BALL
BALL
Q4 25
$32.6B
$19.5B
Q3 25
$33.8B
$18.7B
Q2 25
$30.7B
$18.6B
Q1 25
$30.3B
$18.0B
Q4 24
$30.8B
$17.6B
Q3 24
$32.6B
$18.8B
Q2 24
$29.9B
$19.0B
Q1 24
$30.0B
$19.9B
Debt / Equity
AFG
AFG
BALL
BALL
Q4 25
0.38×
1.29×
Q3 25
0.38×
1.26×
Q2 25
0.33×
1.24×
Q1 25
0.34×
1.12×
Q4 24
0.33×
0.91×
Q3 24
0.31×
0.80×
Q2 24
0.34×
0.80×
Q1 24
0.35×
0.76×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AFG
AFG
BALL
BALL
Operating Cash FlowLast quarter
$784.0M
$1.2B
Free Cash FlowOCF − Capex
$1.0B
FCF MarginFCF / Revenue
31.1%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
2.62×
6.05×
TTM Free Cash FlowTrailing 4 quarters
$788.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
BALL
BALL
Q4 25
$784.0M
$1.2B
Q3 25
$216.0M
$384.0M
Q2 25
$191.0M
$332.0M
Q1 25
$342.0M
$-665.0M
Q4 24
$674.0M
$500.0M
Q3 24
$459.0M
$610.0M
Q2 24
$-88.0M
$252.0M
Q1 24
$107.0M
$-1.2B
Free Cash Flow
AFG
AFG
BALL
BALL
Q4 25
$1.0B
Q3 25
$257.0M
Q2 25
$236.0M
Q1 25
$-746.0M
Q4 24
$393.0M
Q3 24
$493.0M
Q2 24
$146.0M
Q1 24
$-1.4B
FCF Margin
AFG
AFG
BALL
BALL
Q4 25
31.1%
Q3 25
7.6%
Q2 25
7.1%
Q1 25
-24.1%
Q4 24
13.6%
Q3 24
16.0%
Q2 24
4.9%
Q1 24
-48.7%
Capex Intensity
AFG
AFG
BALL
BALL
Q4 25
5.1%
Q3 25
3.8%
Q2 25
2.9%
Q1 25
2.6%
Q4 24
3.7%
Q3 24
3.8%
Q2 24
3.6%
Q1 24
5.4%
Cash Conversion
AFG
AFG
BALL
BALL
Q4 25
2.62×
6.05×
Q3 25
1.00×
1.20×
Q2 25
1.10×
1.54×
Q1 25
2.22×
-3.72×
Q4 24
2.64×
Q3 24
2.54×
3.07×
Q2 24
-0.42×
1.58×
Q1 24
0.44×
-0.34×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AFG
AFG

Property And Casualty Insurance$2.0B96%
Other$83.0M4%

BALL
BALL

Transferred Over Time$2.7B82%
Transferred At Point In Time$602.0M18%

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