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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Bilibili Inc. (BILI). 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 $1.3B, roughly 1.6× Bilibili 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, Bilibili Inc. posted the faster year-over-year revenue change (26.2% vs -4.0%). Over the past eight quarters, Bilibili Inc.'s revenue compounded faster (27.3% CAGR vs 4.0%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
Bilibili, nicknamed B Site, is a Chinese online video sharing website based in Shanghai where users can submit, view, and add overlaid commentary on videos.
AFG vs BILI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.3B |
| Net Profit | $299.0M | $75.7M |
| Gross Margin | — | 37.0% |
| Operating Margin | 18.4% | 5.8% |
| Net Margin | 14.5% | 6.0% |
| Revenue YoY | -4.0% | 26.2% |
| Net Profit YoY | 17.3% | 143.0% |
| EPS (diluted) | $3.59 | $1.14 |
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 | $1.3B | ||
| Q3 25 | $2.3B | $1.1B | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $1.9B | $965.1M | ||
| Q4 24 | $2.1B | $1.0B | ||
| Q3 24 | $2.4B | $1.0B | ||
| Q2 24 | $1.9B | $843.1M | ||
| Q1 24 | $1.9B | $784.5M |
| Q4 25 | $299.0M | $75.7M | ||
| Q3 25 | $215.0M | $65.9M | ||
| Q2 25 | $174.0M | $30.5M | ||
| Q1 25 | $154.0M | $-1.5M | ||
| Q4 24 | $255.0M | $-176.0M | ||
| Q3 24 | $181.0M | $11.4M | ||
| Q2 24 | $209.0M | $83.7M | ||
| Q1 24 | $242.0M | $-105.9M |
| Q4 25 | — | 37.0% | ||
| Q3 25 | — | 36.7% | ||
| Q2 25 | — | 36.5% | ||
| Q1 25 | — | 36.3% | ||
| Q4 24 | — | 36.2% | ||
| Q3 24 | — | 34.9% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | — | 28.3% |
| Q4 25 | 18.4% | 5.8% | ||
| Q3 25 | 11.5% | 4.6% | ||
| Q2 25 | 11.9% | 3.4% | ||
| Q1 25 | 10.6% | 0.2% | ||
| Q4 24 | 14.9% | -16.0% | ||
| Q3 24 | 9.7% | 0.9% | ||
| Q2 24 | 14.3% | 9.5% | ||
| Q1 24 | 15.9% | -14.5% |
| Q4 25 | 14.5% | 6.0% | ||
| Q3 25 | 9.2% | 6.1% | ||
| Q2 25 | 9.0% | 3.0% | ||
| Q1 25 | 8.3% | -0.2% | ||
| Q4 24 | 11.9% | -17.5% | ||
| Q3 24 | 7.6% | 1.1% | ||
| Q2 24 | 11.0% | 9.9% | ||
| Q1 24 | 12.7% | -13.5% |
| Q4 25 | $3.59 | $1.14 | ||
| Q3 25 | $2.58 | $1.05 | ||
| Q2 25 | $2.07 | $0.51 | ||
| Q1 25 | $1.84 | $0.00 | ||
| Q4 24 | $3.03 | $0.21 | ||
| Q3 24 | $2.16 | $-0.03 | ||
| Q2 24 | $2.49 | $-0.20 | ||
| Q1 24 | $2.89 | $-1.80 |
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 | $2.7B |
| Total DebtLower is stronger | $1.8B | $1.4B |
| Stockholders' EquityBook value | $4.8B | $2.2B |
| Total Assets | $32.6B | $5.9B |
| Debt / EquityLower = less leverage | 0.38× | 0.62× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $2.7B | ||
| Q3 25 | $1.8B | $2.4B | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | $1.9B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.3B | $11.7B | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | $1.1B |
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | $700.3M | ||
| Q4 24 | $1.5B | $662.5M | ||
| Q3 24 | $1.5B | $4.3B | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | $684.5M |
| Q4 25 | $4.8B | $2.2B | ||
| Q3 25 | $4.7B | $2.1B | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.4B | $2.0B | ||
| Q4 24 | $4.5B | $1.9B | ||
| Q3 24 | $4.7B | $13.7B | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $4.2B | $1.9B |
| Q4 25 | $32.6B | $5.9B | ||
| Q3 25 | $33.8B | $5.6B | ||
| Q2 25 | $30.7B | — | ||
| Q1 25 | $30.3B | $4.6B | ||
| Q4 24 | $30.8B | $4.5B | ||
| Q3 24 | $32.6B | $32.0B | ||
| Q2 24 | $29.9B | — | ||
| Q1 24 | $30.0B | $4.2B |
| Q4 25 | 0.38× | 0.62× | ||
| Q3 25 | 0.38× | 0.65× | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | 0.35× | ||
| Q4 24 | 0.33× | 0.34× | ||
| Q3 24 | 0.31× | 0.31× | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.35× | 0.36× |
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 | $263.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.62× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | $263.1M | ||
| Q3 25 | $216.0M | $283.2M | ||
| Q2 25 | $191.0M | $277.7M | ||
| Q1 25 | $342.0M | $179.4M | ||
| Q4 24 | $674.0M | $191.9M | ||
| Q3 24 | $459.0M | $2.2B | ||
| Q2 24 | $-88.0M | — | ||
| Q1 24 | $107.0M | $88.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $174.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 2.62× | 3.47× | ||
| Q3 25 | 1.00× | 4.30× | ||
| Q2 25 | 1.10× | 9.11× | ||
| Q1 25 | 2.22× | — | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 2.54× | 195.23× | ||
| 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% |
BILI
| Value-added services (VAS) | $466.4M | 37% |
| Advertising | $435.0M | 34% |
| Mobile games | $220.3M | 17% |
| Other | $80.8M | 6% |
| IP derivatives and others | $68.2M | 5% |
