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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and AMDOCS LTD (DOX). 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 1.7× AMDOCS LTD). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 11.2%, a 3.3% gap on every dollar of revenue. On growth, AMDOCS LTD posted the faster year-over-year revenue change (1.1% vs -4.0%). Over the past eight quarters, AMDOCS LTD's revenue compounded faster (4.5% CAGR vs 4.0%).

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

Amdocs Limited is a multinational telecommunications technology company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media and financial services providers and digital enterprises. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.

AFG vs DOX — Head-to-Head

Bigger by revenue
AFG
AFG
1.7× larger
AFG
$2.1B
$1.3B
DOX
Growing faster (revenue YoY)
DOX
DOX
+5.1% gap
DOX
1.1%
-4.0%
AFG
Higher net margin
AFG
AFG
3.3% more per $
AFG
14.5%
11.2%
DOX
Faster 2-yr revenue CAGR
DOX
DOX
Annualised
DOX
4.5%
4.0%
AFG

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
AFG
AFG
DOX
DOX
Revenue
$2.1B
$1.3B
Net Profit
$299.0M
$140.3M
Gross Margin
Operating Margin
18.4%
14.1%
Net Margin
14.5%
11.2%
Revenue YoY
-4.0%
1.1%
Net Profit YoY
17.3%
-12.0%
EPS (diluted)
$3.59
$1.21

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
DOX
DOX
Q4 25
$2.1B
Q3 25
$2.3B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$2.1B
Q3 24
$2.4B
Q2 24
$1.9B
$1.3B
Q1 24
$1.9B
$1.2B
Net Profit
AFG
AFG
DOX
DOX
Q4 25
$299.0M
Q3 25
$215.0M
Q2 25
$174.0M
Q1 25
$154.0M
Q4 24
$255.0M
Q3 24
$181.0M
Q2 24
$209.0M
$140.3M
Q1 24
$242.0M
$118.5M
Operating Margin
AFG
AFG
DOX
DOX
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%
14.1%
Q1 24
15.9%
12.5%
Net Margin
AFG
AFG
DOX
DOX
Q4 25
14.5%
Q3 25
9.2%
Q2 25
9.0%
Q1 25
8.3%
Q4 24
11.9%
Q3 24
7.6%
Q2 24
11.0%
11.2%
Q1 24
12.7%
9.5%
EPS (diluted)
AFG
AFG
DOX
DOX
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
$1.21
Q1 24
$2.89
$1.01

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
DOX
DOX
Q4 25
$1.7B
Q3 25
$1.8B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$1.1B
Q1 24
$1.1B
Total Debt
AFG
AFG
DOX
DOX
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
DOX
DOX
Q4 25
$4.8B
Q3 25
$4.7B
Q2 25
$4.5B
Q1 25
$4.4B
Q4 24
$4.5B
Q3 24
$4.7B
Q2 24
$4.4B
Q1 24
$4.2B
Total Assets
AFG
AFG
DOX
DOX
Q4 25
$32.6B
Q3 25
$33.8B
Q2 25
$30.7B
Q1 25
$30.3B
Q4 24
$30.8B
Q3 24
$32.6B
Q2 24
$29.9B
Q1 24
$30.0B
Debt / Equity
AFG
AFG
DOX
DOX
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
DOX
DOX
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
DOX
DOX
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
DOX
DOX
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%

DOX
DOX

Segment breakdown not available.

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