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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Brookfield Property Partners L.P. (BPYPP). 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 $1.8B, roughly 1.1× Brookfield Property Partners L.P.). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs -2.6%, a 17.0% gap on every dollar of revenue. On growth, AMERICAN FINANCIAL GROUP INC posted the faster year-over-year revenue change (-4.0% vs -25.6%).

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

Brookfield Property Partners L.P. is a limited partnership that owns office buildings and shopping centers/shopping malls, as well as minority limited partner interests in investment funds sponsored by affiliates that invest in other types of commercial property. It is headquartered in Hamilton, Bermuda.

AFG vs BPYPP — Head-to-Head

Bigger by revenue
AFG
AFG
1.1× larger
AFG
$2.1B
$1.8B
BPYPP
Growing faster (revenue YoY)
AFG
AFG
+21.6% gap
AFG
-4.0%
-25.6%
BPYPP
Higher net margin
AFG
AFG
17.0% more per $
AFG
14.5%
-2.6%
BPYPP

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
AFG
AFG
BPYPP
BPYPP
Revenue
$2.1B
$1.8B
Net Profit
$299.0M
$-46.0M
Gross Margin
Operating Margin
18.4%
Net Margin
14.5%
-2.6%
Revenue YoY
-4.0%
-25.6%
Net Profit YoY
17.3%
94.2%
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.

Revenue
AFG
AFG
BPYPP
BPYPP
Q4 25
$2.1B
Q3 25
$2.3B
Q2 25
$1.9B
$1.8B
Q1 25
$1.9B
Q4 24
$2.1B
Q3 24
$2.4B
Q2 24
$1.9B
$2.4B
Q1 24
$1.9B
Net Profit
AFG
AFG
BPYPP
BPYPP
Q4 25
$299.0M
Q3 25
$215.0M
Q2 25
$174.0M
$-46.0M
Q1 25
$154.0M
Q4 24
$255.0M
Q3 24
$181.0M
Q2 24
$209.0M
$-789.0M
Q1 24
$242.0M
Operating Margin
AFG
AFG
BPYPP
BPYPP
Q4 25
18.4%
Q3 25
11.5%
Q2 25
11.9%
Q1 25
10.6%
Q4 24
14.9%
Q3 24
9.7%
Q2 24
14.3%
Q1 24
15.9%
Net Margin
AFG
AFG
BPYPP
BPYPP
Q4 25
14.5%
Q3 25
9.2%
Q2 25
9.0%
-2.6%
Q1 25
8.3%
Q4 24
11.9%
Q3 24
7.6%
Q2 24
11.0%
-32.6%
Q1 24
12.7%
EPS (diluted)
AFG
AFG
BPYPP
BPYPP
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
AFG
AFG
BPYPP
BPYPP
Cash + ST InvestmentsLiquidity on hand
$1.7B
$1.7B
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$4.8B
$40.2B
Total Assets
$32.6B
$98.9B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
BPYPP
BPYPP
Q4 25
$1.7B
Q3 25
$1.8B
Q2 25
$1.3B
$1.7B
Q1 25
$1.3B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$1.1B
$2.4B
Q1 24
$1.1B
Total Debt
AFG
AFG
BPYPP
BPYPP
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
Stockholders' Equity
AFG
AFG
BPYPP
BPYPP
Q4 25
$4.8B
Q3 25
$4.7B
Q2 25
$4.5B
$40.2B
Q1 25
$4.4B
Q4 24
$4.5B
Q3 24
$4.7B
Q2 24
$4.4B
$48.5B
Q1 24
$4.2B
Total Assets
AFG
AFG
BPYPP
BPYPP
Q4 25
$32.6B
Q3 25
$33.8B
Q2 25
$30.7B
$98.9B
Q1 25
$30.3B
Q4 24
$30.8B
Q3 24
$32.6B
Q2 24
$29.9B
$132.6B
Q1 24
$30.0B
Debt / Equity
AFG
AFG
BPYPP
BPYPP
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
AFG
AFG
BPYPP
BPYPP
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.

Operating Cash Flow
AFG
AFG
BPYPP
BPYPP
Q4 25
$784.0M
Q3 25
$216.0M
Q2 25
$191.0M
Q1 25
$342.0M
Q4 24
$674.0M
Q3 24
$459.0M
Q2 24
$-88.0M
Q1 24
$107.0M
Cash Conversion
AFG
AFG
BPYPP
BPYPP
Q4 25
2.62×
Q3 25
1.00×
Q2 25
1.10×
Q1 25
2.22×
Q4 24
2.64×
Q3 24
2.54×
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
AFG

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

BPYPP
BPYPP

Segment breakdown not available.

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