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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Bausch Health Companies Inc. (BHC). Click either name above to swap in a different company.
Bausch Health Companies Inc. is the larger business by last-quarter revenue ($2.8B vs $2.1B, roughly 1.4× AMERICAN FINANCIAL GROUP INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs -3.7%, a 18.2% gap on every dollar of revenue. On growth, Bausch Health Companies Inc. posted the faster year-over-year revenue change (9.3% vs -4.0%). Over the past eight quarters, Bausch Health Companies Inc.'s revenue compounded faster (14.0% CAGR vs 4.0%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
Bausch Health Companies Inc. is a global, diversified American-Canadian pharmaceutical company. Its global corporate headquarters are located in Laval, Quebec, Canada, and its U.S. headquarters are in Bridgewater, New Jersey. It develops, manufactures and markets a range of pharmaceutical products in gastroenterology, hepatology, neurology, dermatology, dentistry, medical aesthetics, and international pharmaceuticals. Bausch Health manufactures and markets branded pharmaceuticals, generic ph...
AFG vs BHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.8B |
| Net Profit | $299.0M | $-103.0M |
| Gross Margin | — | — |
| Operating Margin | 18.4% | 17.0% |
| Net Margin | 14.5% | -3.7% |
| Revenue YoY | -4.0% | 9.3% |
| Net Profit YoY | 17.3% | -205.1% |
| EPS (diluted) | $3.59 | $-0.30 |
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 | $2.8B | ||
| Q3 25 | $2.3B | $2.7B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | $2.1B | $2.6B | ||
| Q3 24 | $2.4B | $2.5B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | $1.9B | $2.2B |
| Q4 25 | $299.0M | $-103.0M | ||
| Q3 25 | $215.0M | $179.0M | ||
| Q2 25 | $174.0M | $148.0M | ||
| Q1 25 | $154.0M | $-58.0M | ||
| Q4 24 | $255.0M | $98.0M | ||
| Q3 24 | $181.0M | $-85.0M | ||
| Q2 24 | $209.0M | $10.0M | ||
| Q1 24 | $242.0M | $-64.0M |
| Q4 25 | 18.4% | 17.0% | ||
| Q3 25 | 11.5% | 23.1% | ||
| Q2 25 | 11.9% | 17.5% | ||
| Q1 25 | 10.6% | 12.2% | ||
| Q4 24 | 14.9% | 21.8% | ||
| Q3 24 | 9.7% | 12.7% | ||
| Q2 24 | 14.3% | 16.2% | ||
| Q1 24 | 15.9% | 13.1% |
| Q4 25 | 14.5% | -3.7% | ||
| Q3 25 | 9.2% | 6.7% | ||
| Q2 25 | 9.0% | 5.8% | ||
| Q1 25 | 8.3% | -2.6% | ||
| Q4 24 | 11.9% | 3.8% | ||
| Q3 24 | 7.6% | -3.4% | ||
| Q2 24 | 11.0% | 0.4% | ||
| Q1 24 | 12.7% | -3.0% |
| Q4 25 | $3.59 | $-0.30 | ||
| Q3 25 | $2.58 | $0.48 | ||
| Q2 25 | $2.07 | $0.40 | ||
| Q1 25 | $1.84 | $-0.16 | ||
| Q4 24 | $3.03 | $0.24 | ||
| Q3 24 | $2.16 | $-0.23 | ||
| Q2 24 | $2.49 | $0.03 | ||
| 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 | $1.3B |
| Total DebtLower is stronger | $1.8B | $20.8B |
| Stockholders' EquityBook value | $4.8B | $-554.0M |
| Total Assets | $32.6B | $26.4B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.3B | $719.0M | ||
| Q2 24 | $1.1B | $595.0M | ||
| Q1 24 | $1.1B | $733.0M |
| Q4 25 | $1.8B | $20.8B | ||
| Q3 25 | $1.8B | $21.0B | ||
| Q2 25 | $1.5B | $21.7B | ||
| Q1 25 | $1.5B | $21.5B | ||
| Q4 24 | $1.5B | $21.6B | ||
| Q3 24 | $1.5B | $21.5B | ||
| Q2 24 | $1.5B | $21.7B | ||
| Q1 24 | $1.5B | $22.1B |
| Q4 25 | $4.8B | $-554.0M | ||
| Q3 25 | $4.7B | $-565.0M | ||
| Q2 25 | $4.5B | $-764.0M | ||
| Q1 25 | $4.4B | $-1.2B | ||
| Q4 24 | $4.5B | $-1.3B | ||
| Q3 24 | $4.7B | $-1.2B | ||
| Q2 24 | $4.4B | $-1.2B | ||
| Q1 24 | $4.2B | $-1.1B |
| Q4 25 | $32.6B | $26.4B | ||
| Q3 25 | $33.8B | $26.8B | ||
| Q2 25 | $30.7B | $27.3B | ||
| Q1 25 | $30.3B | $26.4B | ||
| Q4 24 | $30.8B | $26.5B | ||
| Q3 24 | $32.6B | $26.5B | ||
| Q2 24 | $29.9B | $26.5B | ||
| Q1 24 | $30.0B | $26.9B |
| 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 | $495.0M |
| Free Cash FlowOCF − Capex | — | $403.0M |
| FCF MarginFCF / Revenue | — | 14.4% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | 2.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | $495.0M | ||
| Q3 25 | $216.0M | $405.0M | ||
| Q2 25 | $191.0M | $289.0M | ||
| Q1 25 | $342.0M | $211.0M | ||
| Q4 24 | $674.0M | $601.0M | ||
| Q3 24 | $459.0M | $405.0M | ||
| Q2 24 | $-88.0M | $380.0M | ||
| Q1 24 | $107.0M | $211.0M |
| Q4 25 | — | $403.0M | ||
| Q3 25 | — | $314.0M | ||
| Q2 25 | — | $190.0M | ||
| Q1 25 | — | $96.0M | ||
| Q4 24 | — | $495.0M | ||
| Q3 24 | — | $334.0M | ||
| Q2 24 | — | $302.0M | ||
| Q1 24 | — | $129.0M |
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 13.3% | ||
| Q2 24 | — | 12.6% | ||
| Q1 24 | — | 6.0% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 3.8% |
| Q4 25 | 2.62× | — | ||
| Q3 25 | 1.00× | 2.26× | ||
| Q2 25 | 1.10× | 1.95× | ||
| Q1 25 | 2.22× | — | ||
| Q4 24 | 2.64× | 6.13× | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | -0.42× | 38.00× | ||
| 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% |
BHC
| Bausch Lomb | $1.4B | 50% |
| Salix Segment | $693.0M | 25% |
| International Rx | $306.0M | 11% |
| Diversified Segment | $255.0M | 9% |
| Solta Medical Segment | $137.0M | 5% |
