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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Masco (MAS). 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 $1.9B, roughly 1.1× Masco). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 11.9%, a 2.6% gap on every dollar of revenue. On growth, Masco posted the faster year-over-year revenue change (6.5% vs -4.0%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs -4.2%).

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

Masco Corporation is an American manufacturer of products for the home improvement and new home construction markets. Comprising more than 20 companies, the Masco conglomerate operates nearly 60 manufacturing facilities in the United States and over 20 in other parts of the world. Since 1969 it trades on the NYSE. Under the leadership of Richard Manoogian, the company grew exponentially and subsequently joined the Fortune 500 list of largest U.S. corporations.

AFG vs MAS — Head-to-Head

Bigger by revenue
AFG
AFG
1.1× larger
AFG
$2.1B
$1.9B
MAS
Growing faster (revenue YoY)
MAS
MAS
+10.5% gap
MAS
6.5%
-4.0%
AFG
Higher net margin
AFG
AFG
2.6% more per $
AFG
14.5%
11.9%
MAS
Faster 2-yr revenue CAGR
AFG
AFG
Annualised
AFG
4.0%
-4.2%
MAS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AFG
AFG
MAS
MAS
Revenue
$2.1B
$1.9B
Net Profit
$299.0M
$228.0M
Gross Margin
35.8%
Operating Margin
18.4%
16.5%
Net Margin
14.5%
11.9%
Revenue YoY
-4.0%
6.5%
Net Profit YoY
17.3%
14.5%
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
MAS
MAS
Q1 26
$1.9B
Q4 25
$2.1B
$1.8B
Q3 25
$2.3B
$1.9B
Q2 25
$1.9B
$2.1B
Q1 25
$1.9B
$1.8B
Q4 24
$2.1B
$1.8B
Q3 24
$2.4B
$2.0B
Q2 24
$1.9B
$2.1B
Net Profit
AFG
AFG
MAS
MAS
Q1 26
$228.0M
Q4 25
$299.0M
$165.0M
Q3 25
$215.0M
$189.0M
Q2 25
$174.0M
$270.0M
Q1 25
$154.0M
$186.0M
Q4 24
$255.0M
$182.0M
Q3 24
$181.0M
$167.0M
Q2 24
$209.0M
$258.0M
Gross Margin
AFG
AFG
MAS
MAS
Q1 26
35.8%
Q4 25
33.9%
Q3 25
34.2%
Q2 25
37.6%
Q1 25
35.8%
Q4 24
34.8%
Q3 24
36.6%
Q2 24
37.5%
Operating Margin
AFG
AFG
MAS
MAS
Q1 26
16.5%
Q4 25
18.4%
13.8%
Q3 25
11.5%
15.8%
Q2 25
11.9%
20.1%
Q1 25
10.6%
15.9%
Q4 24
14.9%
15.9%
Q3 24
9.7%
18.0%
Q2 24
14.3%
19.0%
Net Margin
AFG
AFG
MAS
MAS
Q1 26
11.9%
Q4 25
14.5%
9.2%
Q3 25
9.2%
9.9%
Q2 25
9.0%
13.2%
Q1 25
8.3%
10.3%
Q4 24
11.9%
10.0%
Q3 24
7.6%
8.4%
Q2 24
11.0%
12.3%
EPS (diluted)
AFG
AFG
MAS
MAS
Q1 26
Q4 25
$3.59
$0.81
Q3 25
$2.58
$0.90
Q2 25
$2.07
$1.28
Q1 25
$1.84
$0.87
Q4 24
$3.03
$0.85
Q3 24
$2.16
$0.77
Q2 24
$2.49
$1.17

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
MAS
MAS
Cash + ST InvestmentsLiquidity on hand
$1.7B
Total DebtLower is stronger
$1.8B
$2.9B
Stockholders' EquityBook value
$4.8B
$27.0M
Total Assets
$32.6B
$5.2B
Debt / EquityLower = less leverage
0.38×
109.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
MAS
MAS
Q1 26
Q4 25
$1.7B
$647.0M
Q3 25
$1.8B
$559.0M
Q2 25
$1.3B
$390.0M
Q1 25
$1.3B
$377.0M
Q4 24
$1.4B
$634.0M
Q3 24
$1.3B
$646.0M
Q2 24
$1.1B
$398.0M
Total Debt
AFG
AFG
MAS
MAS
Q1 26
$2.9B
Q4 25
$1.8B
$2.9B
Q3 25
$1.8B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
$2.9B
Q3 24
$1.5B
Q2 24
$1.5B
Stockholders' Equity
AFG
AFG
MAS
MAS
Q1 26
$27.0M
Q4 25
$4.8B
$-185.0M
Q3 25
$4.7B
$-78.0M
Q2 25
$4.5B
$-84.0M
Q1 25
$4.4B
$-254.0M
Q4 24
$4.5B
$-279.0M
Q3 24
$4.7B
$-88.0M
Q2 24
$4.4B
$-26.0M
Total Assets
AFG
AFG
MAS
MAS
Q1 26
$5.2B
Q4 25
$32.6B
$5.2B
Q3 25
$33.8B
$5.3B
Q2 25
$30.7B
$5.3B
Q1 25
$30.3B
$5.1B
Q4 24
$30.8B
$5.0B
Q3 24
$32.6B
$5.3B
Q2 24
$29.9B
$5.4B
Debt / Equity
AFG
AFG
MAS
MAS
Q1 26
109.07×
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
MAS
MAS
Operating Cash FlowLast quarter
$784.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
1.8%
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
MAS
MAS
Q1 26
Q4 25
$784.0M
$418.0M
Q3 25
$216.0M
$456.0M
Q2 25
$191.0M
$306.0M
Q1 25
$342.0M
$-158.0M
Q4 24
$674.0M
$407.0M
Q3 24
$459.0M
$416.0M
Q2 24
$-88.0M
$346.0M
Free Cash Flow
AFG
AFG
MAS
MAS
Q1 26
Q4 25
$371.0M
Q3 25
$415.0M
Q2 25
$270.0M
Q1 25
$-190.0M
Q4 24
$351.0M
Q3 24
$378.0M
Q2 24
$303.0M
FCF Margin
AFG
AFG
MAS
MAS
Q1 26
Q4 25
20.7%
Q3 25
21.6%
Q2 25
13.2%
Q1 25
-10.5%
Q4 24
19.2%
Q3 24
19.1%
Q2 24
14.5%
Capex Intensity
AFG
AFG
MAS
MAS
Q1 26
1.8%
Q4 25
2.6%
Q3 25
2.1%
Q2 25
1.8%
Q1 25
1.8%
Q4 24
3.1%
Q3 24
1.9%
Q2 24
2.1%
Cash Conversion
AFG
AFG
MAS
MAS
Q1 26
Q4 25
2.62×
2.53×
Q3 25
1.00×
2.41×
Q2 25
1.10×
1.13×
Q1 25
2.22×
-0.85×
Q4 24
2.64×
2.24×
Q3 24
2.54×
2.49×
Q2 24
-0.42×
1.34×

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%

MAS
MAS

Segment breakdown not available.

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