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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Dexcom (DXCM). 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 1.6× Dexcom). Dexcom runs the higher net margin — 21.2% vs 14.5%, a 6.7% gap on every dollar of revenue. On growth, Dexcom posted the faster year-over-year revenue change (21.6% vs -4.0%). Over the past eight quarters, Dexcom's revenue compounded faster (12.0% CAGR vs 4.0%).

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

Dexcom, Inc. is an American multinational healthcare company that develops, manufactures, produces and distributes a line of continuous glucose monitoring (CGM) systems for diabetes management. It operates internationally with global headquarters and R&D center in San Diego, California, U.S.A. and manufacturing facilities in Mesa, Arizona, U.S.A.; Batu Kawan, Malaysia and Athenry, County Galway, Ireland.

AFG vs DXCM — Head-to-Head

Bigger by revenue
AFG
AFG
1.6× larger
AFG
$2.1B
$1.3B
DXCM
Growing faster (revenue YoY)
DXCM
DXCM
+25.6% gap
DXCM
21.6%
-4.0%
AFG
Higher net margin
DXCM
DXCM
6.7% more per $
DXCM
21.2%
14.5%
AFG
Faster 2-yr revenue CAGR
DXCM
DXCM
Annualised
DXCM
12.0%
4.0%
AFG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AFG
AFG
DXCM
DXCM
Revenue
$2.1B
$1.3B
Net Profit
$299.0M
$267.3M
Gross Margin
62.9%
Operating Margin
18.4%
25.6%
Net Margin
14.5%
21.2%
Revenue YoY
-4.0%
21.6%
Net Profit YoY
17.3%
153.6%
EPS (diluted)
$3.59
$0.67

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
DXCM
DXCM
Q1 26
$1.3B
Q4 25
$2.1B
$1.3B
Q3 25
$2.3B
$1.2B
Q2 25
$1.9B
$1.2B
Q1 25
$1.9B
$1.0B
Q4 24
$2.1B
$1.1B
Q3 24
$2.4B
$994.2M
Q2 24
$1.9B
$1.0B
Net Profit
AFG
AFG
DXCM
DXCM
Q1 26
$267.3M
Q4 25
$299.0M
$267.3M
Q3 25
$215.0M
$283.8M
Q2 25
$174.0M
$179.8M
Q1 25
$154.0M
$105.4M
Q4 24
$255.0M
$151.7M
Q3 24
$181.0M
$134.6M
Q2 24
$209.0M
$143.5M
Gross Margin
AFG
AFG
DXCM
DXCM
Q1 26
62.9%
Q4 25
62.9%
Q3 25
60.5%
Q2 25
59.5%
Q1 25
56.9%
Q4 24
58.9%
Q3 24
59.7%
Q2 24
62.4%
Operating Margin
AFG
AFG
DXCM
DXCM
Q1 26
25.6%
Q4 25
18.4%
25.6%
Q3 25
11.5%
20.1%
Q2 25
11.9%
18.4%
Q1 25
10.6%
12.9%
Q4 24
14.9%
17.0%
Q3 24
9.7%
15.3%
Q2 24
14.3%
15.7%
Net Margin
AFG
AFG
DXCM
DXCM
Q1 26
21.2%
Q4 25
14.5%
21.2%
Q3 25
9.2%
23.5%
Q2 25
9.0%
15.5%
Q1 25
8.3%
10.2%
Q4 24
11.9%
13.6%
Q3 24
7.6%
13.5%
Q2 24
11.0%
14.3%
EPS (diluted)
AFG
AFG
DXCM
DXCM
Q1 26
$0.67
Q4 25
$3.59
$0.67
Q3 25
$2.58
$0.70
Q2 25
$2.07
$0.45
Q1 25
$1.84
$0.27
Q4 24
$3.03
$0.37
Q3 24
$2.16
$0.34
Q2 24
$2.49
$0.35

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
DXCM
DXCM
Cash + ST InvestmentsLiquidity on hand
$1.7B
$917.7M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$4.8B
$2.7B
Total Assets
$32.6B
$6.3B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
DXCM
DXCM
Q1 26
$917.7M
Q4 25
$1.7B
$917.7M
Q3 25
$1.8B
$1.8B
Q2 25
$1.3B
$1.2B
Q1 25
$1.3B
$904.9M
Q4 24
$1.4B
$606.1M
Q3 24
$1.3B
$621.2M
Q2 24
$1.1B
$939.2M
Total Debt
AFG
AFG
DXCM
DXCM
Q1 26
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
Stockholders' Equity
AFG
AFG
DXCM
DXCM
Q1 26
$2.7B
Q4 25
$4.8B
$2.7B
Q3 25
$4.7B
$2.7B
Q2 25
$4.5B
$2.6B
Q1 25
$4.4B
$2.3B
Q4 24
$4.5B
$2.1B
Q3 24
$4.7B
$2.0B
Q2 24
$4.4B
$2.4B
Total Assets
AFG
AFG
DXCM
DXCM
Q1 26
$6.3B
Q4 25
$32.6B
$6.3B
Q3 25
$33.8B
$7.5B
Q2 25
$30.7B
$7.3B
Q1 25
$30.3B
$6.8B
Q4 24
$30.8B
$6.5B
Q3 24
$32.6B
$6.4B
Q2 24
$29.9B
$6.8B
Debt / Equity
AFG
AFG
DXCM
DXCM
Q1 26
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×

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
DXCM
DXCM
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
DXCM
DXCM
Q1 26
Q4 25
$784.0M
$294.0M
Q3 25
$216.0M
$659.9M
Q2 25
$191.0M
$303.0M
Q1 25
$342.0M
$183.8M
Q4 24
$674.0M
$301.4M
Q3 24
$459.0M
$199.5M
Q2 24
$-88.0M
$279.4M
Free Cash Flow
AFG
AFG
DXCM
DXCM
Q1 26
Q4 25
$192.1M
Q3 25
$579.4M
Q2 25
$208.9M
Q1 25
$96.8M
Q4 24
$176.8M
Q3 24
$88.3M
Q2 24
$213.3M
FCF Margin
AFG
AFG
DXCM
DXCM
Q1 26
Q4 25
15.3%
Q3 25
47.9%
Q2 25
18.1%
Q1 25
9.3%
Q4 24
15.9%
Q3 24
8.9%
Q2 24
21.2%
Capex Intensity
AFG
AFG
DXCM
DXCM
Q1 26
Q4 25
8.1%
Q3 25
6.7%
Q2 25
8.1%
Q1 25
8.4%
Q4 24
11.2%
Q3 24
11.2%
Q2 24
6.6%
Cash Conversion
AFG
AFG
DXCM
DXCM
Q1 26
Q4 25
2.62×
1.10×
Q3 25
1.00×
2.33×
Q2 25
1.10×
1.69×
Q1 25
2.22×
1.74×
Q4 24
2.64×
1.99×
Q3 24
2.54×
1.48×
Q2 24
-0.42×
1.95×

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%

DXCM
DXCM

Segment breakdown not available.

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