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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Deckers Brands (DECK). 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 $2.0B, roughly 1.1× Deckers Brands). Deckers Brands runs the higher net margin — 24.6% vs 14.5%, a 10.1% gap on every dollar of revenue. On growth, Deckers Brands posted the faster year-over-year revenue change (7.1% vs -4.0%). Over the past eight quarters, Deckers Brands's revenue compounded faster (42.8% CAGR vs 4.0%).

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

Deckers Outdoor Corporation, doing business as Deckers Brands, is an American footwear designer and distributor founded in 1973 and based in Goleta, California. The company's portfolio of brands includes UGG, Teva, and Hoka. It was founded by Doug Otto and Karl F. Lopker.

AFG vs DECK — Head-to-Head

Bigger by revenue
AFG
AFG
1.1× larger
AFG
$2.1B
$2.0B
DECK
Growing faster (revenue YoY)
DECK
DECK
+11.1% gap
DECK
7.1%
-4.0%
AFG
Higher net margin
DECK
DECK
10.1% more per $
DECK
24.6%
14.5%
AFG
Faster 2-yr revenue CAGR
DECK
DECK
Annualised
DECK
42.8%
4.0%
AFG

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AFG
AFG
DECK
DECK
Revenue
$2.1B
$2.0B
Net Profit
$299.0M
$481.1M
Gross Margin
59.8%
Operating Margin
18.4%
31.4%
Net Margin
14.5%
24.6%
Revenue YoY
-4.0%
7.1%
Net Profit YoY
17.3%
5.3%
EPS (diluted)
$3.59
$3.33

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
DECK
DECK
Q4 25
$2.1B
$2.0B
Q3 25
$2.3B
$1.4B
Q2 25
$1.9B
$964.5M
Q1 25
$1.9B
$1.0B
Q4 24
$2.1B
$1.8B
Q3 24
$2.4B
$1.3B
Q2 24
$1.9B
$825.3M
Q1 24
$1.9B
$959.8M
Net Profit
AFG
AFG
DECK
DECK
Q4 25
$299.0M
$481.1M
Q3 25
$215.0M
$268.2M
Q2 25
$174.0M
$139.2M
Q1 25
$154.0M
$151.4M
Q4 24
$255.0M
$456.7M
Q3 24
$181.0M
$242.3M
Q2 24
$209.0M
$115.6M
Q1 24
$242.0M
$127.5M
Gross Margin
AFG
AFG
DECK
DECK
Q4 25
59.8%
Q3 25
56.2%
Q2 25
55.8%
Q1 25
56.7%
Q4 24
60.3%
Q3 24
55.9%
Q2 24
56.9%
Q1 24
56.2%
Operating Margin
AFG
AFG
DECK
DECK
Q4 25
18.4%
31.4%
Q3 25
11.5%
22.8%
Q2 25
11.9%
17.1%
Q1 25
10.6%
17.0%
Q4 24
14.9%
31.0%
Q3 24
9.7%
23.3%
Q2 24
14.3%
16.1%
Q1 24
15.9%
15.0%
Net Margin
AFG
AFG
DECK
DECK
Q4 25
14.5%
24.6%
Q3 25
9.2%
18.7%
Q2 25
9.0%
14.4%
Q1 25
8.3%
14.8%
Q4 24
11.9%
25.0%
Q3 24
7.6%
18.5%
Q2 24
11.0%
14.0%
Q1 24
12.7%
13.3%
EPS (diluted)
AFG
AFG
DECK
DECK
Q4 25
$3.59
$3.33
Q3 25
$2.58
$1.82
Q2 25
$2.07
$0.93
Q1 25
$1.84
$-2.78
Q4 24
$3.03
$3.00
Q3 24
$2.16
$1.59
Q2 24
$2.49
$4.52
Q1 24
$2.89
$4.82

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AFG
AFG
DECK
DECK
Cash + ST InvestmentsLiquidity on hand
$1.7B
$2.1B
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$4.8B
$2.6B
Total Assets
$32.6B
$4.1B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
DECK
DECK
Q4 25
$1.7B
$2.1B
Q3 25
$1.8B
$1.4B
Q2 25
$1.3B
$1.7B
Q1 25
$1.3B
$1.9B
Q4 24
$1.4B
$2.2B
Q3 24
$1.3B
$1.2B
Q2 24
$1.1B
$1.4B
Q1 24
$1.1B
$1.5B
Total Debt
AFG
AFG
DECK
DECK
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
DECK
DECK
Q4 25
$4.8B
$2.6B
Q3 25
$4.7B
$2.5B
Q2 25
$4.5B
$2.5B
Q1 25
$4.4B
$2.5B
Q4 24
$4.5B
$2.6B
Q3 24
$4.7B
$2.2B
Q2 24
$4.4B
$2.1B
Q1 24
$4.2B
$2.1B
Total Assets
AFG
AFG
DECK
DECK
Q4 25
$32.6B
$4.1B
Q3 25
$33.8B
$3.8B
Q2 25
$30.7B
$3.8B
Q1 25
$30.3B
$3.6B
Q4 24
$30.8B
$4.0B
Q3 24
$32.6B
$3.4B
Q2 24
$29.9B
$3.3B
Q1 24
$30.0B
$3.1B
Debt / Equity
AFG
AFG
DECK
DECK
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
DECK
DECK
Operating Cash FlowLast quarter
$784.0M
$1.0B
Free Cash FlowOCF − Capex
$1.0B
FCF MarginFCF / Revenue
52.1%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
2.62×
2.17×
TTM Free Cash FlowTrailing 4 quarters
$929.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
DECK
DECK
Q4 25
$784.0M
$1.0B
Q3 25
$216.0M
$8.1M
Q2 25
$191.0M
$36.1M
Q1 25
$342.0M
$-73.0M
Q4 24
$674.0M
$1.1B
Q3 24
$459.0M
$-90.5M
Q2 24
$-88.0M
$112.7M
Q1 24
$107.0M
$-28.7M
Free Cash Flow
AFG
AFG
DECK
DECK
Q4 25
$1.0B
Q3 25
$-13.9M
Q2 25
$12.2M
Q1 25
$-89.4M
Q4 24
$1.1B
Q3 24
$-113.4M
Q2 24
$90.1M
Q1 24
$-44.0M
FCF Margin
AFG
AFG
DECK
DECK
Q4 25
52.1%
Q3 25
-1.0%
Q2 25
1.3%
Q1 25
-8.8%
Q4 24
58.6%
Q3 24
-8.6%
Q2 24
10.9%
Q1 24
-4.6%
Capex Intensity
AFG
AFG
DECK
DECK
Q4 25
1.1%
Q3 25
1.5%
Q2 25
2.5%
Q1 25
1.6%
Q4 24
1.3%
Q3 24
1.7%
Q2 24
2.7%
Q1 24
1.6%
Cash Conversion
AFG
AFG
DECK
DECK
Q4 25
2.62×
2.17×
Q3 25
1.00×
0.03×
Q2 25
1.10×
0.26×
Q1 25
2.22×
-0.48×
Q4 24
2.64×
2.40×
Q3 24
2.54×
-0.37×
Q2 24
-0.42×
0.97×
Q1 24
0.44×
-0.22×

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%

DECK
DECK

UGG Brand Segment$1.3B67%
Hoka Brand Segment$628.9M32%
Other Brands Segment$23.2M1%

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