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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Fortive (FTV). 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× Fortive). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 12.8%, a 1.7% gap on every dollar of revenue. On growth, Fortive posted the faster year-over-year revenue change (7.7% vs -4.0%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs -17.0%).

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

Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of Decem...

AFG vs FTV — Head-to-Head

Bigger by revenue
AFG
AFG
1.9× larger
AFG
$2.1B
$1.1B
FTV
Growing faster (revenue YoY)
FTV
FTV
+11.7% gap
FTV
7.7%
-4.0%
AFG
Higher net margin
AFG
AFG
1.7% more per $
AFG
14.5%
12.8%
FTV
Faster 2-yr revenue CAGR
AFG
AFG
Annualised
AFG
4.0%
-17.0%
FTV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AFG
AFG
FTV
FTV
Revenue
$2.1B
$1.1B
Net Profit
$299.0M
$136.4M
Gross Margin
63.2%
Operating Margin
18.4%
17.9%
Net Margin
14.5%
12.8%
Revenue YoY
-4.0%
7.7%
Net Profit YoY
17.3%
21.1%
EPS (diluted)
$3.59
$0.44

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
FTV
FTV
Q1 26
$1.1B
Q4 25
$2.1B
$1.1B
Q3 25
$2.3B
$1.0B
Q2 25
$1.9B
$1.5B
Q1 25
$1.9B
$1.5B
Q4 24
$2.1B
$1.6B
Q3 24
$2.4B
$1.5B
Q2 24
$1.9B
$1.6B
Net Profit
AFG
AFG
FTV
FTV
Q1 26
$136.4M
Q4 25
$299.0M
$185.7M
Q3 25
$215.0M
$55.0M
Q2 25
$174.0M
$166.6M
Q1 25
$154.0M
$171.9M
Q4 24
$255.0M
$208.8M
Q3 24
$181.0M
$221.6M
Q2 24
$209.0M
$195.1M
Gross Margin
AFG
AFG
FTV
FTV
Q1 26
63.2%
Q4 25
63.2%
Q3 25
63.2%
Q2 25
59.0%
Q1 25
59.8%
Q4 24
60.3%
Q3 24
60.0%
Q2 24
59.8%
Operating Margin
AFG
AFG
FTV
FTV
Q1 26
17.9%
Q4 25
18.4%
20.1%
Q3 25
11.5%
15.5%
Q2 25
11.9%
14.6%
Q1 25
10.6%
15.8%
Q4 24
14.9%
19.0%
Q3 24
9.7%
19.3%
Q2 24
14.3%
19.4%
Net Margin
AFG
AFG
FTV
FTV
Q1 26
12.8%
Q4 25
14.5%
16.5%
Q3 25
9.2%
5.4%
Q2 25
9.0%
11.0%
Q1 25
8.3%
11.7%
Q4 24
11.9%
12.9%
Q3 24
7.6%
14.4%
Q2 24
11.0%
12.6%
EPS (diluted)
AFG
AFG
FTV
FTV
Q1 26
$0.44
Q4 25
$3.59
$0.60
Q3 25
$2.58
$0.16
Q2 25
$2.07
$0.49
Q1 25
$1.84
$0.50
Q4 24
$3.03
$0.60
Q3 24
$2.16
$0.63
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
FTV
FTV
Cash + ST InvestmentsLiquidity on hand
$1.7B
$356.1M
Total DebtLower is stronger
$1.8B
$3.5B
Stockholders' EquityBook value
$4.8B
$6.1B
Total Assets
$32.6B
$11.6B
Debt / EquityLower = less leverage
0.38×
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
FTV
FTV
Q1 26
$356.1M
Q4 25
$1.7B
$375.5M
Q3 25
$1.8B
$430.8M
Q2 25
$1.3B
$1.8B
Q1 25
$1.3B
$892.1M
Q4 24
$1.4B
$813.3M
Q3 24
$1.3B
$811.3M
Q2 24
$1.1B
$644.1M
Total Debt
AFG
AFG
FTV
FTV
Q1 26
$3.5B
Q4 25
$1.8B
$3.2B
Q3 25
$1.8B
$3.3B
Q2 25
$1.5B
$4.8B
Q1 25
$1.5B
$3.9B
Q4 24
$1.5B
$3.7B
Q3 24
$1.5B
$3.9B
Q2 24
$1.5B
$3.8B
Stockholders' Equity
AFG
AFG
FTV
FTV
Q1 26
$6.1B
Q4 25
$4.8B
$6.5B
Q3 25
$4.7B
$6.5B
Q2 25
$4.5B
$10.4B
Q1 25
$4.4B
$10.2B
Q4 24
$4.5B
$10.2B
Q3 24
$4.7B
$10.6B
Q2 24
$4.4B
$10.5B
Total Assets
AFG
AFG
FTV
FTV
Q1 26
$11.6B
Q4 25
$32.6B
$11.7B
Q3 25
$33.8B
$11.9B
Q2 25
$30.7B
$18.2B
Q1 25
$30.3B
$17.1B
Q4 24
$30.8B
$17.0B
Q3 24
$32.6B
$17.5B
Q2 24
$29.9B
$17.3B
Debt / Equity
AFG
AFG
FTV
FTV
Q1 26
0.57×
Q4 25
0.38×
0.50×
Q3 25
0.38×
0.51×
Q2 25
0.33×
0.46×
Q1 25
0.34×
0.38×
Q4 24
0.33×
0.36×
Q3 24
0.31×
0.37×
Q2 24
0.34×
0.36×

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
FTV
FTV
Operating Cash FlowLast quarter
$784.0M
$234.8M
Free Cash FlowOCF − Capex
$193.8M
FCF MarginFCF / Revenue
18.1%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
2.62×
1.72×
TTM Free Cash FlowTrailing 4 quarters
$935.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
FTV
FTV
Q1 26
$234.8M
Q4 25
$784.0M
$1.1B
Q3 25
$216.0M
$164.4M
Q2 25
$191.0M
$311.2M
Q1 25
$342.0M
$241.7M
Q4 24
$674.0M
$502.2M
Q3 24
$459.0M
$459.0M
Q2 24
$-88.0M
$308.9M
Free Cash Flow
AFG
AFG
FTV
FTV
Q1 26
$193.8M
Q4 25
$313.8M
Q3 25
$153.1M
Q2 25
$274.5M
Q1 25
$215.0M
Q4 24
$465.2M
Q3 24
$431.2M
Q2 24
$279.7M
FCF Margin
AFG
AFG
FTV
FTV
Q1 26
18.1%
Q4 25
28.0%
Q3 25
14.9%
Q2 25
18.1%
Q1 25
14.6%
Q4 24
28.7%
Q3 24
28.1%
Q2 24
18.0%
Capex Intensity
AFG
AFG
FTV
FTV
Q1 26
2.5%
Q4 25
2.7%
Q3 25
1.1%
Q2 25
2.4%
Q1 25
1.8%
Q4 24
2.3%
Q3 24
1.8%
Q2 24
1.9%
Cash Conversion
AFG
AFG
FTV
FTV
Q1 26
1.72×
Q4 25
2.62×
5.83×
Q3 25
1.00×
2.99×
Q2 25
1.10×
1.87×
Q1 25
2.22×
1.41×
Q4 24
2.64×
2.41×
Q3 24
2.54×
2.07×
Q2 24
-0.42×
1.58×

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%

FTV
FTV

Segment breakdown not available.

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