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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Intuitive Surgical (ISRG). Click either name above to swap in a different company.

Intuitive Surgical is the larger business by last-quarter revenue ($2.8B vs $2.1B, roughly 1.3× AMERICAN FINANCIAL GROUP INC). Intuitive Surgical runs the higher net margin — 29.8% vs 14.5%, a 15.3% gap on every dollar of revenue. On growth, Intuitive Surgical posted the faster year-over-year revenue change (23.0% vs -4.0%). Over the past eight quarters, Intuitive Surgical's revenue compounded faster (17.4% CAGR vs 4.0%).

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

Intuitive Surgical, Inc. is an American biotechnology company that develops, manufactures, and markets robotic products designed to improve clinical outcomes of patients through minimally invasive surgery, most notably with the da Vinci Surgical System. The company is part of the Nasdaq-100, S&P 100 and S&P 500. As of 31 December 2021, Intuitive Surgical had an installed base of 6,730 da Vinci Surgical Systems, including 4,139 in the U.S.

AFG vs ISRG — Head-to-Head

Bigger by revenue
ISRG
ISRG
1.3× larger
ISRG
$2.8B
$2.1B
AFG
Growing faster (revenue YoY)
ISRG
ISRG
+27.0% gap
ISRG
23.0%
-4.0%
AFG
Higher net margin
ISRG
ISRG
15.3% more per $
ISRG
29.8%
14.5%
AFG
Faster 2-yr revenue CAGR
ISRG
ISRG
Annualised
ISRG
17.4%
4.0%
AFG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AFG
AFG
ISRG
ISRG
Revenue
$2.1B
$2.8B
Net Profit
$299.0M
$826.0M
Gross Margin
66.1%
Operating Margin
18.4%
Net Margin
14.5%
29.8%
Revenue YoY
-4.0%
23.0%
Net Profit YoY
17.3%
17.4%
EPS (diluted)
$3.59
$2.28

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
ISRG
ISRG
Q1 26
$2.8B
Q4 25
$2.1B
$2.9B
Q3 25
$2.3B
$2.5B
Q2 25
$1.9B
$2.4B
Q1 25
$1.9B
$2.3B
Q4 24
$2.1B
$2.4B
Q3 24
$2.4B
$2.0B
Q2 24
$1.9B
$2.0B
Net Profit
AFG
AFG
ISRG
ISRG
Q1 26
$826.0M
Q4 25
$299.0M
$794.8M
Q3 25
$215.0M
$704.4M
Q2 25
$174.0M
$658.4M
Q1 25
$154.0M
$698.4M
Q4 24
$255.0M
$685.7M
Q3 24
$181.0M
$565.1M
Q2 24
$209.0M
$526.9M
Gross Margin
AFG
AFG
ISRG
ISRG
Q1 26
66.1%
Q4 25
66.4%
Q3 25
66.4%
Q2 25
66.3%
Q1 25
64.7%
Q4 24
68.0%
Q3 24
67.4%
Q2 24
68.3%
Operating Margin
AFG
AFG
ISRG
ISRG
Q1 26
Q4 25
18.4%
30.2%
Q3 25
11.5%
30.3%
Q2 25
11.9%
30.5%
Q1 25
10.6%
25.7%
Q4 24
14.9%
30.4%
Q3 24
9.7%
28.3%
Q2 24
14.3%
28.2%
Net Margin
AFG
AFG
ISRG
ISRG
Q1 26
29.8%
Q4 25
14.5%
27.7%
Q3 25
9.2%
28.1%
Q2 25
9.0%
27.0%
Q1 25
8.3%
31.0%
Q4 24
11.9%
28.4%
Q3 24
7.6%
27.7%
Q2 24
11.0%
26.2%
EPS (diluted)
AFG
AFG
ISRG
ISRG
Q1 26
$2.28
Q4 25
$3.59
$2.19
Q3 25
$2.58
$1.95
Q2 25
$2.07
$1.81
Q1 25
$1.84
$1.92
Q4 24
$3.03
$1.89
Q3 24
$2.16
$1.56
Q2 24
$2.49
$1.46

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
ISRG
ISRG
Cash + ST InvestmentsLiquidity on hand
$1.7B
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$4.8B
$17.6B
Total Assets
$32.6B
$20.1B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
ISRG
ISRG
Q1 26
Q4 25
$1.7B
$5.9B
Q3 25
$1.8B
$4.9B
Q2 25
$1.3B
$5.3B
Q1 25
$1.3B
$4.5B
Q4 24
$1.4B
$4.0B
Q3 24
$1.3B
$4.2B
Q2 24
$1.1B
$4.8B
Total Debt
AFG
AFG
ISRG
ISRG
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
ISRG
ISRG
Q1 26
$17.6B
Q4 25
$4.8B
$17.8B
Q3 25
$4.7B
$16.9B
Q2 25
$4.5B
$17.8B
Q1 25
$4.4B
$17.1B
Q4 24
$4.5B
$16.4B
Q3 24
$4.7B
$15.6B
Q2 24
$4.4B
$14.7B
Total Assets
AFG
AFG
ISRG
ISRG
Q1 26
$20.1B
Q4 25
$32.6B
$20.5B
Q3 25
$33.8B
$19.4B
Q2 25
$30.7B
$20.2B
Q1 25
$30.3B
$19.2B
Q4 24
$30.8B
$18.7B
Q3 24
$32.6B
$17.7B
Q2 24
$29.9B
$16.6B
Debt / Equity
AFG
AFG
ISRG
ISRG
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
ISRG
ISRG
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
ISRG
ISRG
Q1 26
Q4 25
$784.0M
$892.5M
Q3 25
$216.0M
$841.0M
Q2 25
$191.0M
$715.4M
Q1 25
$342.0M
$581.6M
Q4 24
$674.0M
$822.6M
Q3 24
$459.0M
$706.5M
Q2 24
$-88.0M
$620.5M
Free Cash Flow
AFG
AFG
ISRG
ISRG
Q1 26
Q4 25
$730.0M
Q3 25
$735.6M
Q2 25
$560.1M
Q1 25
$465.0M
Q4 24
$510.6M
Q3 24
$458.6M
Q2 24
$311.1M
FCF Margin
AFG
AFG
ISRG
ISRG
Q1 26
Q4 25
25.5%
Q3 25
29.4%
Q2 25
23.0%
Q1 25
20.6%
Q4 24
21.2%
Q3 24
22.5%
Q2 24
15.5%
Capex Intensity
AFG
AFG
ISRG
ISRG
Q1 26
Q4 25
5.7%
Q3 25
4.2%
Q2 25
6.4%
Q1 25
5.2%
Q4 24
12.9%
Q3 24
12.2%
Q2 24
15.4%
Cash Conversion
AFG
AFG
ISRG
ISRG
Q1 26
Q4 25
2.62×
1.12×
Q3 25
1.00×
1.19×
Q2 25
1.10×
1.09×
Q1 25
2.22×
0.83×
Q4 24
2.64×
1.20×
Q3 24
2.54×
1.25×
Q2 24
-0.42×
1.18×

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%

ISRG
ISRG

Instruments and accessories$1.7B61%
Systems$650.7M23%
Services$433.7M16%

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