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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Chefs' Warehouse, Inc. (CHEF). 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 $1.1B, roughly 1.9× Chefs' Warehouse, Inc.). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 1.6%, a 12.9% gap on every dollar of revenue. On growth, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (11.4% vs -4.0%). Over the past eight quarters, Chefs' Warehouse, Inc.'s revenue compounded faster (5.3% CAGR vs 4.0%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
Chefs' Warehouse, Inc. is a leading North American specialty food distributor that primarily serves independent restaurants, fine dining venues, hotels, catering firms, and other foodservice operators. It offers a curated portfolio of over 150,000 products including artisanal ingredients, specialty meats, seafood, dairy, pastries, and imported gourmet goods tailored for professional chefs.
AFG vs CHEF — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.1B |
| Net Profit | $299.0M | $17.4M |
| Gross Margin | — | 24.3% |
| Operating Margin | 18.4% | 3.1% |
| Net Margin | 14.5% | 1.6% |
| Revenue YoY | -4.0% | 11.4% |
| Net Profit YoY | 17.3% | 68.8% |
| EPS (diluted) | $3.59 | $0.40 |
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.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $2.3B | $1.0B | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $1.9B | $950.7M | ||
| Q4 24 | $2.1B | $1.0B | ||
| Q3 24 | $2.4B | $931.5M | ||
| Q2 24 | $1.9B | $954.7M |
| Q1 26 | — | $17.4M | ||
| Q4 25 | $299.0M | $21.7M | ||
| Q3 25 | $215.0M | $19.1M | ||
| Q2 25 | $174.0M | $21.2M | ||
| Q1 25 | $154.0M | $10.3M | ||
| Q4 24 | $255.0M | $23.9M | ||
| Q3 24 | $181.0M | $14.1M | ||
| Q2 24 | $209.0M | $15.5M |
| Q1 26 | — | 24.3% | ||
| Q4 25 | — | 24.2% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 24.6% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 24.1% | ||
| Q2 24 | — | 24.0% |
| Q1 26 | — | 3.1% | ||
| Q4 25 | 18.4% | 3.8% | ||
| Q3 25 | 11.5% | 3.8% | ||
| Q2 25 | 11.9% | 3.9% | ||
| Q1 25 | 10.6% | 2.4% | ||
| Q4 24 | 14.9% | 4.5% | ||
| Q3 24 | 9.7% | 3.4% | ||
| Q2 24 | 14.3% | 3.5% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | 14.5% | 1.9% | ||
| Q3 25 | 9.2% | 1.9% | ||
| Q2 25 | 9.0% | 2.1% | ||
| Q1 25 | 8.3% | 1.1% | ||
| Q4 24 | 11.9% | 2.3% | ||
| Q3 24 | 7.6% | 1.5% | ||
| Q2 24 | 11.0% | 1.6% |
| Q1 26 | — | $0.40 | ||
| Q4 25 | $3.59 | $0.50 | ||
| Q3 25 | $2.58 | $0.44 | ||
| Q2 25 | $2.07 | $0.49 | ||
| Q1 25 | $1.84 | $0.25 | ||
| Q4 24 | $3.03 | $0.56 | ||
| Q3 24 | $2.16 | $0.34 | ||
| Q2 24 | $2.49 | $0.37 |
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 | $122.7M |
| Total DebtLower is stronger | $1.8B | $750.4M |
| Stockholders' EquityBook value | $4.8B | $608.6M |
| Total Assets | $32.6B | $2.0B |
| Debt / EquityLower = less leverage | 0.38× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $122.7M | ||
| Q4 25 | $1.7B | $121.0M | ||
| Q3 25 | $1.8B | $65.1M | ||
| Q2 25 | $1.3B | $96.9M | ||
| Q1 25 | $1.3B | $116.5M | ||
| Q4 24 | $1.4B | $114.7M | ||
| Q3 24 | $1.3B | $50.7M | ||
| Q2 24 | $1.1B | $38.3M |
| Q1 26 | — | $750.4M | ||
| Q4 25 | $1.8B | $720.3M | ||
| Q3 25 | $1.8B | $711.7M | ||
| Q2 25 | $1.5B | $690.2M | ||
| Q1 25 | $1.5B | $681.1M | ||
| Q4 24 | $1.5B | $688.7M | ||
| Q3 24 | $1.5B | $666.6M | ||
| Q2 24 | $1.5B | $660.8M |
| Q1 26 | — | $608.6M | ||
| Q4 25 | $4.8B | $604.3M | ||
| Q3 25 | $4.7B | $576.6M | ||
| Q2 25 | $4.5B | $557.7M | ||
| Q1 25 | $4.4B | $541.6M | ||
| Q4 24 | $4.5B | $537.6M | ||
| Q3 24 | $4.7B | $480.3M | ||
| Q2 24 | $4.4B | $461.9M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $32.6B | $2.0B | ||
| Q3 25 | $33.8B | $1.9B | ||
| Q2 25 | $30.7B | $1.9B | ||
| Q1 25 | $30.3B | $1.8B | ||
| Q4 24 | $30.8B | $1.9B | ||
| Q3 24 | $32.6B | $1.8B | ||
| Q2 24 | $29.9B | $1.7B |
| Q1 26 | — | 1.23× | ||
| Q4 25 | 0.38× | 1.19× | ||
| Q3 25 | 0.38× | 1.23× | ||
| Q2 25 | 0.33× | 1.24× | ||
| Q1 25 | 0.34× | 1.26× | ||
| Q4 24 | 0.33× | 1.28× | ||
| Q3 24 | 0.31× | 1.39× | ||
| Q2 24 | 0.34× | 1.43× |
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 | $38.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 2.62× | 2.20× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $38.3M | ||
| Q4 25 | $784.0M | $73.9M | ||
| Q3 25 | $216.0M | $-8.7M | ||
| Q2 25 | $191.0M | $14.5M | ||
| Q1 25 | $342.0M | $49.6M | ||
| Q4 24 | $674.0M | $73.0M | ||
| Q3 24 | $459.0M | $19.8M | ||
| Q2 24 | $-88.0M | $29.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $65.8M | ||
| Q3 25 | — | $-19.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $37.2M | ||
| Q4 24 | — | $64.6M | ||
| Q3 24 | — | $11.8M | ||
| Q2 24 | — | $13.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | -1.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.4% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% |
| Q1 26 | — | 2.20× | ||
| Q4 25 | 2.62× | 3.41× | ||
| Q3 25 | 1.00× | -0.46× | ||
| Q2 25 | 1.10× | 0.68× | ||
| Q1 25 | 2.22× | 4.82× | ||
| Q4 24 | 2.64× | 3.05× | ||
| Q3 24 | 2.54× | 1.41× | ||
| Q2 24 | -0.42× | 1.89× |
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% |
CHEF
Segment breakdown not available.
