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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and LEVI STRAUSS & CO (LEVI). 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 $1.8B, roughly 1.2× LEVI STRAUSS & CO). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 8.9%, a 5.5% gap on every dollar of revenue. On growth, AMERICAN FINANCIAL GROUP INC posted the faster year-over-year revenue change (-4.0% vs -4.0%). Over the past eight quarters, LEVI STRAUSS & CO's revenue compounded faster (6.5% CAGR vs 4.0%).

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

Levi Strauss & Co. is an American clothing company known worldwide for its Levi's brand of denim jeans. It was founded in May 1853 when German-Jewish immigrant Levi Strauss moved from Buttenheim, Bavaria, to San Francisco, California, to open a West Coast branch of his brothers' New York dry goods business. Although the corporation is registered in Delaware, the company's corporate headquarters is located in Levi's Plaza in San Francisco.

AFG vs LEVI — Head-to-Head

Bigger by revenue
AFG
AFG
1.2× larger
AFG
$2.1B
$1.8B
LEVI
Growing faster (revenue YoY)
AFG
AFG
+0.0% gap
AFG
-4.0%
-4.0%
LEVI
Higher net margin
AFG
AFG
5.5% more per $
AFG
14.5%
8.9%
LEVI
Faster 2-yr revenue CAGR
LEVI
LEVI
Annualised
LEVI
6.5%
4.0%
AFG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFG
AFG
LEVI
LEVI
Revenue
$2.1B
$1.8B
Net Profit
$299.0M
$158.0M
Gross Margin
60.8%
Operating Margin
18.4%
11.9%
Net Margin
14.5%
8.9%
Revenue YoY
-4.0%
-4.0%
Net Profit YoY
17.3%
-13.4%
EPS (diluted)
$3.59
$0.39

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
LEVI
LEVI
Q4 25
$2.1B
$1.8B
Q3 25
$2.3B
$1.5B
Q2 25
$1.9B
$1.4B
Q1 25
$1.9B
$1.5B
Q4 24
$2.1B
$1.8B
Q3 24
$2.4B
$1.5B
Q2 24
$1.9B
$1.4B
Q1 24
$1.9B
$1.6B
Net Profit
AFG
AFG
LEVI
LEVI
Q4 25
$299.0M
$158.0M
Q3 25
$215.0M
$218.1M
Q2 25
$174.0M
$67.0M
Q1 25
$154.0M
$135.0M
Q4 24
$255.0M
$182.5M
Q3 24
$181.0M
$20.7M
Q2 24
$209.0M
$18.0M
Q1 24
$242.0M
$-10.6M
Gross Margin
AFG
AFG
LEVI
LEVI
Q4 25
60.8%
Q3 25
61.7%
Q2 25
62.6%
Q1 25
62.1%
Q4 24
61.3%
Q3 24
60.0%
Q2 24
60.5%
Q1 24
58.2%
Operating Margin
AFG
AFG
LEVI
LEVI
Q4 25
18.4%
11.9%
Q3 25
11.5%
10.8%
Q2 25
11.9%
7.5%
Q1 25
10.6%
12.5%
Q4 24
14.9%
11.5%
Q3 24
9.7%
2.0%
Q2 24
14.3%
1.5%
Q1 24
15.9%
-0.0%
Net Margin
AFG
AFG
LEVI
LEVI
Q4 25
14.5%
8.9%
Q3 25
9.2%
14.1%
Q2 25
9.0%
4.6%
Q1 25
8.3%
8.8%
Q4 24
11.9%
9.9%
Q3 24
7.6%
1.4%
Q2 24
11.0%
1.2%
Q1 24
12.7%
-0.7%
EPS (diluted)
AFG
AFG
LEVI
LEVI
Q4 25
$3.59
$0.39
Q3 25
$2.58
$0.55
Q2 25
$2.07
$0.17
Q1 25
$1.84
$0.34
Q4 24
$3.03
$0.46
Q3 24
$2.16
$0.05
Q2 24
$2.49
$0.04
Q1 24
$2.89
$-0.03

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
LEVI
LEVI
Cash + ST InvestmentsLiquidity on hand
$1.7B
$848.8M
Total DebtLower is stronger
$1.8B
$1.1B
Stockholders' EquityBook value
$4.8B
$2.3B
Total Assets
$32.6B
$6.8B
Debt / EquityLower = less leverage
0.38×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
LEVI
LEVI
Q4 25
$1.7B
$848.8M
Q3 25
$1.8B
$707.5M
Q2 25
$1.3B
$736.7M
Q1 25
$1.3B
$574.4M
Q4 24
$1.4B
$690.0M
Q3 24
$1.3B
$577.1M
Q2 24
$1.1B
$641.4M
Q1 24
$1.1B
$516.7M
Total Debt
AFG
AFG
LEVI
LEVI
Q4 25
$1.8B
$1.1B
Q3 25
$1.8B
$1.0B
Q2 25
$1.5B
$1.0B
Q1 25
$1.5B
$987.4M
Q4 24
$1.5B
$994.0M
Q3 24
$1.5B
$1.0B
Q2 24
$1.5B
$1.0B
Q1 24
$1.5B
$1.0B
Stockholders' Equity
AFG
AFG
LEVI
LEVI
Q4 25
$4.8B
$2.3B
Q3 25
$4.7B
$2.2B
Q2 25
$4.5B
$2.1B
Q1 25
$4.4B
$2.0B
Q4 24
$4.5B
$2.0B
Q3 24
$4.7B
$1.9B
Q2 24
$4.4B
$2.0B
Q1 24
$4.2B
$2.0B
Total Assets
AFG
AFG
LEVI
LEVI
Q4 25
$32.6B
$6.8B
Q3 25
$33.8B
$6.7B
Q2 25
$30.7B
$6.5B
Q1 25
$30.3B
$6.2B
Q4 24
$30.8B
$6.4B
Q3 24
$32.6B
$6.3B
Q2 24
$29.9B
$6.2B
Q1 24
$30.0B
$6.0B
Debt / Equity
AFG
AFG
LEVI
LEVI
Q4 25
0.38×
0.46×
Q3 25
0.38×
0.48×
Q2 25
0.33×
0.49×
Q1 25
0.34×
0.49×
Q4 24
0.33×
0.50×
Q3 24
0.31×
0.54×
Q2 24
0.34×
0.51×
Q1 24
0.35×
0.51×

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
LEVI
LEVI
Operating Cash FlowLast quarter
$784.0M
$266.8M
Free Cash FlowOCF − Capex
$215.7M
FCF MarginFCF / Revenue
12.2%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
2.62×
1.69×
TTM Free Cash FlowTrailing 4 quarters
$308.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
LEVI
LEVI
Q4 25
$784.0M
$266.8M
Q3 25
$216.0M
$24.8M
Q2 25
$191.0M
$185.5M
Q1 25
$342.0M
$52.5M
Q4 24
$674.0M
$297.3M
Q3 24
$459.0M
$52.3M
Q2 24
$-88.0M
$262.8M
Q1 24
$107.0M
$286.0M
Free Cash Flow
AFG
AFG
LEVI
LEVI
Q4 25
$215.7M
Q3 25
$-39.4M
Q2 25
$146.0M
Q1 25
$-14.1M
Q4 24
$231.6M
Q3 24
$2.3M
Q2 24
$222.6M
Q1 24
$214.4M
FCF Margin
AFG
AFG
LEVI
LEVI
Q4 25
12.2%
Q3 25
-2.6%
Q2 25
10.1%
Q1 25
-0.9%
Q4 24
12.6%
Q3 24
0.2%
Q2 24
15.4%
Q1 24
13.8%
Capex Intensity
AFG
AFG
LEVI
LEVI
Q4 25
2.9%
Q3 25
4.2%
Q2 25
2.7%
Q1 25
4.4%
Q4 24
3.6%
Q3 24
3.3%
Q2 24
2.8%
Q1 24
4.6%
Cash Conversion
AFG
AFG
LEVI
LEVI
Q4 25
2.62×
1.69×
Q3 25
1.00×
0.11×
Q2 25
1.10×
2.77×
Q1 25
2.22×
0.39×
Q4 24
2.64×
1.63×
Q3 24
2.54×
2.53×
Q2 24
-0.42×
14.60×
Q1 24
0.44×

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%

LEVI
LEVI

Other$760.3M43%
Sales Channel Through Intermediary$583.2M33%
Sales Channel Directly To Consumer$376.0M21%
Beyond Yoga$46.3M3%

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