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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and FLOWSERVE CORP (FLS). 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 $1.1B, roughly 1.9× FLOWSERVE CORP). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 7.6%, a 6.8% gap on every dollar of revenue. On growth, AMERICAN FINANCIAL GROUP INC posted the faster year-over-year revenue change (-4.0% vs -6.7%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs -3.9%).

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

The Flowserve Corporation is an American multinational corporation and one of the largest suppliers of industrial and environmental machinery such as pumps, valves, end face mechanical seals, automation, and services to the power, oil, gas, chemical and other industries. Headquartered in Irving, Texas, which is in the Dallas–Fort Worth Metroplex, Flowserve employs close to 16,000 employees in more than 50 countries. Flowserve sells products and offers aftermarket services to engineering and c...

AFG vs FLS — Head-to-Head

Bigger by revenue
AFG
AFG
1.9× larger
AFG
$2.1B
$1.1B
FLS
Growing faster (revenue YoY)
AFG
AFG
+2.7% gap
AFG
-4.0%
-6.7%
FLS
Higher net margin
AFG
AFG
6.8% more per $
AFG
14.5%
7.6%
FLS
Faster 2-yr revenue CAGR
AFG
AFG
Annualised
AFG
4.0%
-3.9%
FLS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AFG
AFG
FLS
FLS
Revenue
$2.1B
$1.1B
Net Profit
$299.0M
$81.7M
Gross Margin
35.6%
Operating Margin
18.4%
11.2%
Net Margin
14.5%
7.6%
Revenue YoY
-4.0%
-6.7%
Net Profit YoY
17.3%
10.5%
EPS (diluted)
$3.59

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
FLS
FLS
Q1 26
$1.1B
Q4 25
$2.1B
$1.2B
Q3 25
$2.3B
$1.2B
Q2 25
$1.9B
$1.2B
Q1 25
$1.9B
$1.1B
Q4 24
$2.1B
$1.2B
Q3 24
$2.4B
$1.1B
Q2 24
$1.9B
$1.2B
Net Profit
AFG
AFG
FLS
FLS
Q1 26
$81.7M
Q4 25
$299.0M
$-29.0M
Q3 25
$215.0M
$219.6M
Q2 25
$174.0M
$81.8M
Q1 25
$154.0M
$73.9M
Q4 24
$255.0M
$77.5M
Q3 24
$181.0M
$58.4M
Q2 24
$209.0M
$72.6M
Gross Margin
AFG
AFG
FLS
FLS
Q1 26
35.6%
Q4 25
34.8%
Q3 25
32.4%
Q2 25
34.2%
Q1 25
32.3%
Q4 24
31.5%
Q3 24
31.5%
Q2 24
31.6%
Operating Margin
AFG
AFG
FLS
FLS
Q1 26
11.2%
Q4 25
18.4%
3.5%
Q3 25
11.5%
6.7%
Q2 25
11.9%
12.3%
Q1 25
10.6%
11.5%
Q4 24
14.9%
10.6%
Q3 24
9.7%
9.1%
Q2 24
14.3%
10.5%
Net Margin
AFG
AFG
FLS
FLS
Q1 26
7.6%
Q4 25
14.5%
-2.4%
Q3 25
9.2%
18.7%
Q2 25
9.0%
6.9%
Q1 25
8.3%
6.5%
Q4 24
11.9%
6.6%
Q3 24
7.6%
5.2%
Q2 24
11.0%
6.3%
EPS (diluted)
AFG
AFG
FLS
FLS
Q1 26
Q4 25
$3.59
$-0.21
Q3 25
$2.58
$1.67
Q2 25
$2.07
$0.62
Q1 25
$1.84
$0.56
Q4 24
$3.03
$0.59
Q3 24
$2.16
$0.44
Q2 24
$2.49
$0.55

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
FLS
FLS
Cash + ST InvestmentsLiquidity on hand
$1.7B
$792.4M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$4.8B
$2.3B
Total Assets
$32.6B
$5.7B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
FLS
FLS
Q1 26
$792.4M
Q4 25
$1.7B
$760.2M
Q3 25
$1.8B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.4B
$675.4M
Q3 24
$1.3B
Q2 24
$1.1B
Total Debt
AFG
AFG
FLS
FLS
Q1 26
Q4 25
$1.8B
$1.6B
Q3 25
$1.8B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Stockholders' Equity
AFG
AFG
FLS
FLS
Q1 26
$2.3B
Q4 25
$4.8B
$2.2B
Q3 25
$4.7B
$2.3B
Q2 25
$4.5B
$2.2B
Q1 25
$4.4B
$2.1B
Q4 24
$4.5B
$2.0B
Q3 24
$4.7B
$2.1B
Q2 24
$4.4B
$2.0B
Total Assets
AFG
AFG
FLS
FLS
Q1 26
$5.7B
Q4 25
$32.6B
$5.7B
Q3 25
$33.8B
$5.8B
Q2 25
$30.7B
$5.7B
Q1 25
$30.3B
$5.5B
Q4 24
$30.8B
$5.5B
Q3 24
$32.6B
$5.3B
Q2 24
$29.9B
$5.2B
Debt / Equity
AFG
AFG
FLS
FLS
Q1 26
Q4 25
0.38×
0.72×
Q3 25
0.38×
Q2 25
0.33×
Q1 25
0.34×
Q4 24
0.33×
0.75×
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
FLS
FLS
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
FLS
FLS
Q1 26
Q4 25
$784.0M
$-174.0K
Q3 25
$216.0M
$401.8M
Q2 25
$191.0M
$154.1M
Q1 25
$342.0M
$-49.9M
Q4 24
$674.0M
$197.3M
Q3 24
$459.0M
$178.5M
Q2 24
$-88.0M
$-12.8M
Free Cash Flow
AFG
AFG
FLS
FLS
Q1 26
Q4 25
$-25.6M
Q3 25
$384.7M
Q2 25
$137.5M
Q1 25
$-61.7M
Q4 24
$168.5M
Q3 24
$154.6M
Q2 24
$-27.5M
FCF Margin
AFG
AFG
FLS
FLS
Q1 26
Q4 25
-2.1%
Q3 25
32.8%
Q2 25
11.6%
Q1 25
-5.4%
Q4 24
14.3%
Q3 24
13.6%
Q2 24
-2.4%
Capex Intensity
AFG
AFG
FLS
FLS
Q1 26
Q4 25
2.1%
Q3 25
1.5%
Q2 25
1.4%
Q1 25
1.0%
Q4 24
2.4%
Q3 24
2.1%
Q2 24
1.3%
Cash Conversion
AFG
AFG
FLS
FLS
Q1 26
Q4 25
2.62×
Q3 25
1.00×
1.83×
Q2 25
1.10×
1.89×
Q1 25
2.22×
-0.68×
Q4 24
2.64×
2.55×
Q3 24
2.54×
3.06×
Q2 24
-0.42×
-0.18×

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%

FLS
FLS

Segment breakdown not available.

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