vs
Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and KE Holdings Inc. (BEKE). Click either name above to swap in a different company.
KE Holdings Inc. is the larger business by last-quarter revenue ($3.2B vs $2.1B, roughly 1.6× AMERICAN FINANCIAL GROUP INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 3.2%, a 11.3% gap on every dollar of revenue. Over the past eight quarters, KE Holdings Inc.'s revenue compounded faster (9.8% CAGR vs 4.0%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
KE Holdings Inc., operating under the well-known Beike brand, is a leading integrated online and offline residential service platform based in China. It offers a full range of services including second-hand property brokerage, new housing sales agency, home rental, renovation, and related financial consultation to meet diverse housing-related demands of consumers across multiple scenarios.
AFG vs BEKE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $3.2B |
| Net Profit | $299.0M | $104.9M |
| Gross Margin | — | 21.4% |
| Operating Margin | 18.4% | 2.6% |
| Net Margin | 14.5% | 3.2% |
| Revenue YoY | -4.0% | — |
| Net Profit YoY | 17.3% | — |
| 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.
| Q4 25 | $2.1B | $3.2B | ||
| Q3 25 | $2.3B | $3.6B | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | $3.2B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.4B | $3.2B | ||
| Q2 24 | $1.9B | $3.2B | ||
| Q1 24 | $1.9B | $2.3B |
| Q4 25 | $299.0M | $104.9M | ||
| Q3 25 | $215.0M | $182.4M | ||
| Q2 25 | $174.0M | — | ||
| Q1 25 | $154.0M | $117.9M | ||
| Q4 24 | $255.0M | — | ||
| Q3 24 | $181.0M | $166.5M | ||
| Q2 24 | $209.0M | $261.5M | ||
| Q1 24 | $242.0M | $59.8M |
| Q4 25 | — | 21.4% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 20.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 22.7% | ||
| Q2 24 | — | 27.9% | ||
| Q1 24 | — | 25.2% |
| Q4 25 | 18.4% | 2.6% | ||
| Q3 25 | 11.5% | 4.1% | ||
| Q2 25 | 11.9% | — | ||
| Q1 25 | 10.6% | 2.5% | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 9.7% | 3.2% | ||
| Q2 24 | 14.3% | 8.6% | ||
| Q1 24 | 15.9% | 0.1% |
| Q4 25 | 14.5% | 3.2% | ||
| Q3 25 | 9.2% | 5.0% | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 8.3% | 3.7% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 7.6% | 5.2% | ||
| Q2 24 | 11.0% | 8.1% | ||
| Q1 24 | 12.7% | 2.6% |
| Q4 25 | $3.59 | — | ||
| Q3 25 | $2.58 | — | ||
| Q2 25 | $2.07 | — | ||
| Q1 25 | $1.84 | — | ||
| Q4 24 | $3.03 | — | ||
| Q3 24 | $2.16 | — | ||
| Q2 24 | $2.49 | — | ||
| Q1 24 | $2.89 | — |
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 | $1.3B |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $4.8B | — |
| Total Assets | $32.6B | $16.8B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.1B | $2.5B |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.7B | $9.6B | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.4B | $9.5B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.7B | $10.1B | ||
| Q2 24 | $4.4B | $9.7B | ||
| Q1 24 | $4.2B | $9.6B |
| Q4 25 | $32.6B | $16.8B | ||
| Q3 25 | $33.8B | $17.3B | ||
| Q2 25 | $30.7B | — | ||
| Q1 25 | $30.3B | $18.0B | ||
| Q4 24 | $30.8B | — | ||
| Q3 24 | $32.6B | $17.5B | ||
| Q2 24 | $29.9B | $16.9B | ||
| Q1 24 | $30.0B | $16.5B |
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.35× | — |
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 | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | — | ||
| Q3 25 | $216.0M | — | ||
| Q2 25 | $191.0M | — | ||
| Q1 25 | $342.0M | $-546.4M | ||
| Q4 24 | $674.0M | — | ||
| Q3 24 | $459.0M | $64.0M | ||
| Q2 24 | $-88.0M | — | ||
| Q1 24 | $107.0M | — |
| Q4 25 | 2.62× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | 2.22× | -4.64× | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 2.54× | 0.38× | ||
| Q2 24 | -0.42× | — | ||
| Q1 24 | 0.44× | — |
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% |
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
