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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Alliant Energy (LNT). 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× Alliant Energy). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 13.4%, a 1.1% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs -4.0%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs 1.5%).

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

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinoi...

AFG vs LNT — Head-to-Head

Bigger by revenue
AFG
AFG
1.9× larger
AFG
$2.1B
$1.1B
LNT
Growing faster (revenue YoY)
LNT
LNT
+13.0% gap
LNT
9.0%
-4.0%
AFG
Higher net margin
AFG
AFG
1.1% more per $
AFG
14.5%
13.4%
LNT
Faster 2-yr revenue CAGR
AFG
AFG
Annualised
AFG
4.0%
1.5%
LNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFG
AFG
LNT
LNT
Revenue
$2.1B
$1.1B
Net Profit
$299.0M
$142.0M
Gross Margin
85.9%
Operating Margin
18.4%
18.4%
Net Margin
14.5%
13.4%
Revenue YoY
-4.0%
9.0%
Net Profit YoY
17.3%
-5.3%
EPS (diluted)
$3.59
$0.54

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
LNT
LNT
Q4 25
$2.1B
$1.1B
Q3 25
$2.3B
$1.2B
Q2 25
$1.9B
$961.0M
Q1 25
$1.9B
$1.1B
Q4 24
$2.1B
$975.0M
Q3 24
$2.4B
$1.1B
Q2 24
$1.9B
$894.0M
Q1 24
$1.9B
$1.0B
Net Profit
AFG
AFG
LNT
LNT
Q4 25
$299.0M
$142.0M
Q3 25
$215.0M
$281.0M
Q2 25
$174.0M
$174.0M
Q1 25
$154.0M
$213.0M
Q4 24
$255.0M
$150.0M
Q3 24
$181.0M
$295.0M
Q2 24
$209.0M
$87.0M
Q1 24
$242.0M
$158.0M
Gross Margin
AFG
AFG
LNT
LNT
Q4 25
85.9%
Q3 25
86.3%
Q2 25
84.3%
Q1 25
86.0%
Q4 24
84.7%
Q3 24
84.7%
Q2 24
83.6%
Q1 24
85.3%
Operating Margin
AFG
AFG
LNT
LNT
Q4 25
18.4%
18.4%
Q3 25
11.5%
28.8%
Q2 25
11.9%
23.2%
Q1 25
10.6%
22.8%
Q4 24
14.9%
22.7%
Q3 24
9.7%
29.0%
Q2 24
14.3%
14.5%
Q1 24
15.9%
21.5%
Net Margin
AFG
AFG
LNT
LNT
Q4 25
14.5%
13.4%
Q3 25
9.2%
23.2%
Q2 25
9.0%
18.1%
Q1 25
8.3%
18.9%
Q4 24
11.9%
15.4%
Q3 24
7.6%
27.3%
Q2 24
11.0%
9.7%
Q1 24
12.7%
15.3%
EPS (diluted)
AFG
AFG
LNT
LNT
Q4 25
$3.59
$0.54
Q3 25
$2.58
$1.09
Q2 25
$2.07
$0.68
Q1 25
$1.84
$0.83
Q4 24
$3.03
$0.58
Q3 24
$2.16
$1.15
Q2 24
$2.49
$0.34
Q1 24
$2.89
$0.62

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
LNT
LNT
Cash + ST InvestmentsLiquidity on hand
$1.7B
$556.0M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$4.8B
$7.3B
Total Assets
$32.6B
$25.0B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
LNT
LNT
Q4 25
$1.7B
$556.0M
Q3 25
$1.8B
$753.0M
Q2 25
$1.3B
$329.0M
Q1 25
$1.3B
$25.0M
Q4 24
$1.4B
$81.0M
Q3 24
$1.3B
$827.0M
Q2 24
$1.1B
$92.0M
Q1 24
$1.1B
$32.0M
Total Debt
AFG
AFG
LNT
LNT
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
LNT
LNT
Q4 25
$4.8B
$7.3B
Q3 25
$4.7B
$7.3B
Q2 25
$4.5B
$7.1B
Q1 25
$4.4B
$7.1B
Q4 24
$4.5B
$7.0B
Q3 24
$4.7B
$7.0B
Q2 24
$4.4B
$6.8B
Q1 24
$4.2B
$6.8B
Total Assets
AFG
AFG
LNT
LNT
Q4 25
$32.6B
$25.0B
Q3 25
$33.8B
$24.6B
Q2 25
$30.7B
$23.8B
Q1 25
$30.3B
$22.9B
Q4 24
$30.8B
$22.7B
Q3 24
$32.6B
$22.8B
Q2 24
$29.9B
$21.8B
Q1 24
$30.0B
$21.2B
Debt / Equity
AFG
AFG
LNT
LNT
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
LNT
LNT
Operating Cash FlowLast quarter
$784.0M
$269.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.62×
1.89×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
LNT
LNT
Q4 25
$784.0M
$269.0M
Q3 25
$216.0M
$408.0M
Q2 25
$191.0M
$243.0M
Q1 25
$342.0M
$249.0M
Q4 24
$674.0M
$254.0M
Q3 24
$459.0M
$351.0M
Q2 24
$-88.0M
$255.0M
Q1 24
$107.0M
$307.0M
Free Cash Flow
AFG
AFG
LNT
LNT
Q4 25
Q3 25
$-103.0M
Q2 25
$-179.0M
Q1 25
$-305.0M
Q4 24
Q3 24
$-59.0M
Q2 24
$-137.0M
Q1 24
$-171.0M
FCF Margin
AFG
AFG
LNT
LNT
Q4 25
Q3 25
-8.5%
Q2 25
-18.6%
Q1 25
-27.0%
Q4 24
Q3 24
-5.5%
Q2 24
-15.3%
Q1 24
-16.6%
Capex Intensity
AFG
AFG
LNT
LNT
Q4 25
Q3 25
42.2%
Q2 25
43.9%
Q1 25
49.1%
Q4 24
Q3 24
37.9%
Q2 24
43.8%
Q1 24
46.4%
Cash Conversion
AFG
AFG
LNT
LNT
Q4 25
2.62×
1.89×
Q3 25
1.00×
1.45×
Q2 25
1.10×
1.40×
Q1 25
2.22×
1.17×
Q4 24
2.64×
1.69×
Q3 24
2.54×
1.19×
Q2 24
-0.42×
2.93×
Q1 24
0.44×
1.94×

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%

LNT
LNT

Retail Residential$313.0M29%
Retail Industrial$251.0M24%
Retail Commercial$226.0M21%
Gas$158.0M15%
Other Customer$43.0M4%
Wholesale$36.0M3%
Other Utility$15.0M1%
Steam$9.0M1%

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