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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and CLEAN HARBORS INC (CLH). 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 $1.5B, roughly 1.4× CLEAN HARBORS INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 5.8%, a 8.7% gap on every dollar of revenue. On growth, CLEAN HARBORS INC posted the faster year-over-year revenue change (4.8% vs -4.0%). Over the past eight quarters, CLEAN HARBORS INC's revenue compounded faster (4.4% CAGR vs 4.0%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
Clean Harbors, Inc., headquartered in Norwell, Massachusetts, is a provider of waste management and industrial services for commercial customers, specializing in the collection, transportation, treatment and disposal of hazardous waste, but also offering services for non-hazardous waste. The company has 870 operating locations in 630 properties in the U.S. and Canada including a network of over 100 waste disposal facilities such as incinerators, landfills, treatment, storage and disposal faci...
AFG vs CLH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.5B |
| Net Profit | $299.0M | $86.6M |
| Gross Margin | — | 30.6% |
| Operating Margin | 18.4% | 10.6% |
| Net Margin | 14.5% | 5.8% |
| Revenue YoY | -4.0% | 4.8% |
| Net Profit YoY | 17.3% | 3.1% |
| EPS (diluted) | $3.59 | $1.62 |
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 | $1.5B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.4B | $1.5B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | $1.9B | $1.4B |
| Q4 25 | $299.0M | $86.6M | ||
| Q3 25 | $215.0M | $118.8M | ||
| Q2 25 | $174.0M | $126.9M | ||
| Q1 25 | $154.0M | $58.7M | ||
| Q4 24 | $255.0M | $84.0M | ||
| Q3 24 | $181.0M | $115.2M | ||
| Q2 24 | $209.0M | $133.3M | ||
| Q1 24 | $242.0M | $69.8M |
| Q4 25 | — | 30.6% | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 28.6% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 31.0% | ||
| Q2 24 | — | 33.3% | ||
| Q1 24 | — | 29.5% |
| Q4 25 | 18.4% | 10.6% | ||
| Q3 25 | 11.5% | 12.5% | ||
| Q2 25 | 11.9% | 13.6% | ||
| Q1 25 | 10.6% | 7.8% | ||
| Q4 24 | 14.9% | 9.6% | ||
| Q3 24 | 9.7% | 12.6% | ||
| Q2 24 | 14.3% | 13.9% | ||
| Q1 24 | 15.9% | 9.1% |
| Q4 25 | 14.5% | 5.8% | ||
| Q3 25 | 9.2% | 7.7% | ||
| Q2 25 | 9.0% | 8.2% | ||
| Q1 25 | 8.3% | 4.1% | ||
| Q4 24 | 11.9% | 5.9% | ||
| Q3 24 | 7.6% | 7.5% | ||
| Q2 24 | 11.0% | 8.6% | ||
| Q1 24 | 12.7% | 5.1% |
| Q4 25 | $3.59 | $1.62 | ||
| Q3 25 | $2.58 | $2.21 | ||
| Q2 25 | $2.07 | $2.36 | ||
| Q1 25 | $1.84 | $1.09 | ||
| Q4 24 | $3.03 | $1.55 | ||
| Q3 24 | $2.16 | $2.12 | ||
| Q2 24 | $2.49 | $2.46 | ||
| Q1 24 | $2.89 | $1.29 |
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 | $127.4M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $4.8B | $2.7B |
| Total Assets | $32.6B | $7.6B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $127.4M | ||
| Q3 25 | $1.8B | $91.2M | ||
| Q2 25 | $1.3B | $98.9M | ||
| Q1 25 | $1.3B | $105.9M | ||
| Q4 24 | $1.4B | $102.6M | ||
| Q3 24 | $1.3B | $82.4M | ||
| Q2 24 | $1.1B | $91.3M | ||
| Q1 24 | $1.1B | $104.8M |
| 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 | $2.7B | ||
| Q3 25 | $4.7B | $2.8B | ||
| Q2 25 | $4.5B | $2.7B | ||
| Q1 25 | $4.4B | $2.6B | ||
| Q4 24 | $4.5B | $2.6B | ||
| Q3 24 | $4.7B | $2.5B | ||
| Q2 24 | $4.4B | $2.4B | ||
| Q1 24 | $4.2B | $2.3B |
| Q4 25 | $32.6B | $7.6B | ||
| Q3 25 | $33.8B | $7.5B | ||
| Q2 25 | $30.7B | $7.4B | ||
| Q1 25 | $30.3B | $7.2B | ||
| Q4 24 | $30.8B | $7.4B | ||
| Q3 24 | $32.6B | $7.3B | ||
| Q2 24 | $29.9B | $7.1B | ||
| Q1 24 | $30.0B | $6.9B |
| 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 | $355.1M |
| Free Cash FlowOCF − Capex | — | $233.3M |
| FCF MarginFCF / Revenue | — | 15.6% |
| Capex IntensityCapex / Revenue | — | 8.1% |
| Cash ConversionOCF / Net Profit | 2.62× | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $441.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | $355.1M | ||
| Q3 25 | $216.0M | $302.0M | ||
| Q2 25 | $191.0M | $208.0M | ||
| Q1 25 | $342.0M | $1.6M | ||
| Q4 24 | $674.0M | $303.9M | ||
| Q3 24 | $459.0M | $239.2M | ||
| Q2 24 | $-88.0M | $216.0M | ||
| Q1 24 | $107.0M | $18.5M |
| Q4 25 | — | $233.3M | ||
| Q3 25 | — | $207.5M | ||
| Q2 25 | — | $118.0M | ||
| Q1 25 | — | $-117.1M | ||
| Q4 24 | — | $241.5M | ||
| Q3 24 | — | $142.4M | ||
| Q2 24 | — | $80.9M | ||
| Q1 24 | — | $-119.4M |
| Q4 25 | — | 15.6% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | -8.2% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | -8.7% |
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | — | 10.0% |
| Q4 25 | 2.62× | 4.10× | ||
| Q3 25 | 1.00× | 2.54× | ||
| Q2 25 | 1.10× | 1.64× | ||
| Q1 25 | 2.22× | 0.03× | ||
| Q4 24 | 2.64× | 3.62× | ||
| Q3 24 | 2.54× | 2.08× | ||
| Q2 24 | -0.42× | 1.62× | ||
| Q1 24 | 0.44× | 0.27× |
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% |
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
