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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Evergy (EVRG). 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× Evergy). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 6.5%, a 8.0% gap on every dollar of revenue. On growth, Evergy posted the faster year-over-year revenue change (5.3% vs -4.0%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs 0.4%).

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

Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.

AFG vs EVRG — Head-to-Head

Bigger by revenue
AFG
AFG
1.6× larger
AFG
$2.1B
$1.3B
EVRG
Growing faster (revenue YoY)
EVRG
EVRG
+9.3% gap
EVRG
5.3%
-4.0%
AFG
Higher net margin
AFG
AFG
8.0% more per $
AFG
14.5%
6.5%
EVRG
Faster 2-yr revenue CAGR
AFG
AFG
Annualised
AFG
4.0%
0.4%
EVRG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFG
AFG
EVRG
EVRG
Revenue
$2.1B
$1.3B
Net Profit
$299.0M
$84.3M
Gross Margin
Operating Margin
18.4%
18.5%
Net Margin
14.5%
6.5%
Revenue YoY
-4.0%
5.3%
Net Profit YoY
17.3%
7.8%
EPS (diluted)
$3.59
$0.35

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
EVRG
EVRG
Q4 25
$2.1B
$1.3B
Q3 25
$2.3B
$1.8B
Q2 25
$1.9B
$1.4B
Q1 25
$1.9B
$1.3B
Q4 24
$2.1B
$1.2B
Q3 24
$2.4B
$1.8B
Q2 24
$1.9B
$1.4B
Q1 24
$1.9B
$1.3B
Net Profit
AFG
AFG
EVRG
EVRG
Q4 25
$299.0M
$84.3M
Q3 25
$215.0M
$475.0M
Q2 25
$174.0M
$171.3M
Q1 25
$154.0M
$125.0M
Q4 24
$255.0M
$78.2M
Q3 24
$181.0M
$465.6M
Q2 24
$209.0M
$207.0M
Q1 24
$242.0M
$122.7M
Operating Margin
AFG
AFG
EVRG
EVRG
Q4 25
18.4%
18.5%
Q3 25
11.5%
37.3%
Q2 25
11.9%
25.4%
Q1 25
10.6%
22.5%
Q4 24
14.9%
18.1%
Q3 24
9.7%
35.1%
Q2 24
14.3%
25.4%
Q1 24
15.9%
20.3%
Net Margin
AFG
AFG
EVRG
EVRG
Q4 25
14.5%
6.5%
Q3 25
9.2%
26.9%
Q2 25
9.0%
12.6%
Q1 25
8.3%
9.7%
Q4 24
11.9%
6.4%
Q3 24
7.6%
26.0%
Q2 24
11.0%
14.7%
Q1 24
12.7%
9.6%
EPS (diluted)
AFG
AFG
EVRG
EVRG
Q4 25
$3.59
$0.35
Q3 25
$2.58
$2.03
Q2 25
$2.07
$0.74
Q1 25
$1.84
$0.54
Q4 24
$3.03
$0.34
Q3 24
$2.16
$2.02
Q2 24
$2.49
$0.90
Q1 24
$2.89
$0.53

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
EVRG
EVRG
Cash + ST InvestmentsLiquidity on hand
$1.7B
$19.8M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$4.8B
$10.2B
Total Assets
$32.6B
$33.9B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
EVRG
EVRG
Q4 25
$1.7B
$19.8M
Q3 25
$1.8B
$27.5M
Q2 25
$1.3B
$27.8M
Q1 25
$1.3B
$35.3M
Q4 24
$1.4B
$22.0M
Q3 24
$1.3B
$34.6M
Q2 24
$1.1B
$26.1M
Q1 24
$1.1B
$63.7M
Total Debt
AFG
AFG
EVRG
EVRG
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
EVRG
EVRG
Q4 25
$4.8B
$10.2B
Q3 25
$4.7B
$10.3B
Q2 25
$4.5B
$10.0B
Q1 25
$4.4B
$9.9B
Q4 24
$4.5B
$10.0B
Q3 24
$4.7B
$10.0B
Q2 24
$4.4B
$9.7B
Q1 24
$4.2B
$9.6B
Total Assets
AFG
AFG
EVRG
EVRG
Q4 25
$32.6B
$33.9B
Q3 25
$33.8B
$33.4B
Q2 25
$30.7B
$32.9B
Q1 25
$30.3B
$32.5B
Q4 24
$30.8B
$32.3B
Q3 24
$32.6B
$32.1B
Q2 24
$29.9B
$31.8B
Q1 24
$30.0B
$31.3B
Debt / Equity
AFG
AFG
EVRG
EVRG
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
EVRG
EVRG
Operating Cash FlowLast quarter
$784.0M
$334.0M
Free Cash FlowOCF − Capex
$-530.5M
FCF MarginFCF / Revenue
-41.1%
Capex IntensityCapex / Revenue
66.9%
Cash ConversionOCF / Net Profit
2.62×
3.96×
TTM Free Cash FlowTrailing 4 quarters
$-751.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
EVRG
EVRG
Q4 25
$784.0M
$334.0M
Q3 25
$216.0M
$937.7M
Q2 25
$191.0M
$323.9M
Q1 25
$342.0M
$449.6M
Q4 24
$674.0M
$395.6M
Q3 24
$459.0M
$953.3M
Q2 24
$-88.0M
$317.5M
Q1 24
$107.0M
$317.3M
Free Cash Flow
AFG
AFG
EVRG
EVRG
Q4 25
$-530.5M
Q3 25
$225.4M
Q2 25
$-303.4M
Q1 25
$-143.2M
Q4 24
$-118.6M
Q3 24
$427.0M
Q2 24
$-360.0M
Q1 24
$-301.3M
FCF Margin
AFG
AFG
EVRG
EVRG
Q4 25
-41.1%
Q3 25
12.8%
Q2 25
-22.4%
Q1 25
-11.1%
Q4 24
-9.7%
Q3 24
23.9%
Q2 24
-25.6%
Q1 24
-23.5%
Capex Intensity
AFG
AFG
EVRG
EVRG
Q4 25
66.9%
Q3 25
40.4%
Q2 25
46.3%
Q1 25
45.8%
Q4 24
41.9%
Q3 24
29.4%
Q2 24
48.1%
Q1 24
48.3%
Cash Conversion
AFG
AFG
EVRG
EVRG
Q4 25
2.62×
3.96×
Q3 25
1.00×
1.97×
Q2 25
1.10×
1.89×
Q1 25
2.22×
3.60×
Q4 24
2.64×
5.06×
Q3 24
2.54×
2.05×
Q2 24
-0.42×
1.53×
Q1 24
0.44×
2.59×

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%

EVRG
EVRG

Electric Utility Customer Class Residential$462.9M36%
Electric Utility Customer Class Commercial$447.6M35%
Electric Utility Customer Class Industrial$164.1M13%
Electric Utility Customer Class Transmission$129.4M10%
Electric Utility Customer Class Wholesale$69.7M5%
Electric Utility Customer Class Other Retail$12.2M1%
Electric Utility Customer Class Industrial Steam$5.7M0%

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