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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and MERCURY GENERAL CORP (MCY). 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 $1.5B, roughly 1.3× MERCURY GENERAL CORP). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 13.2%, a 1.3% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs -4.0%). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% CAGR vs 4.0%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
AFG vs MCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.5B |
| Net Profit | $299.0M | $202.5M |
| Gross Margin | — | 99.7% |
| Operating Margin | 18.4% | 16.2% |
| Net Margin | 14.5% | 13.2% |
| Revenue YoY | -4.0% | 12.4% |
| Net Profit YoY | 17.3% | 100.4% |
| EPS (diluted) | $3.59 | $3.66 |
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.
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.4B | $1.5B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.9B | $1.3B |
| Q4 25 | $299.0M | $202.5M | ||
| Q3 25 | $215.0M | $280.4M | ||
| Q2 25 | $174.0M | $166.5M | ||
| Q1 25 | $154.0M | $-108.3M | ||
| Q4 24 | $255.0M | $101.1M | ||
| Q3 24 | $181.0M | $230.9M | ||
| Q2 24 | $209.0M | $62.6M | ||
| Q1 24 | $242.0M | $73.5M |
| Q4 25 | — | 99.7% | ||
| Q3 25 | — | 99.8% | ||
| Q2 25 | — | 99.8% | ||
| Q1 25 | — | 99.7% | ||
| Q4 24 | — | 99.7% | ||
| Q3 24 | — | 99.8% | ||
| Q2 24 | — | 99.8% | ||
| Q1 24 | — | 99.7% |
| Q4 25 | 18.4% | 16.2% | ||
| Q3 25 | 11.5% | 22.1% | ||
| Q2 25 | 11.9% | 14.0% | ||
| Q1 25 | 10.6% | -10.2% | ||
| Q4 24 | 14.9% | 9.0% | ||
| Q3 24 | 9.7% | 18.8% | ||
| Q2 24 | 14.3% | 5.8% | ||
| Q1 24 | 15.9% | 7.0% |
| Q4 25 | 14.5% | 13.2% | ||
| Q3 25 | 9.2% | 17.7% | ||
| Q2 25 | 9.0% | 11.3% | ||
| Q1 25 | 8.3% | -7.8% | ||
| Q4 24 | 11.9% | 7.4% | ||
| Q3 24 | 7.6% | 15.1% | ||
| Q2 24 | 11.0% | 4.8% | ||
| Q1 24 | 12.7% | 5.8% |
| Q4 25 | $3.59 | $3.66 | ||
| Q3 25 | $2.58 | $5.06 | ||
| Q2 25 | $2.07 | $3.01 | ||
| Q1 25 | $1.84 | $-1.96 | ||
| Q4 24 | $3.03 | $1.82 | ||
| Q3 24 | $2.16 | $4.17 | ||
| Q2 24 | $2.49 | $1.13 | ||
| Q1 24 | $2.89 | $1.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7B | — |
| Total DebtLower is stronger | $1.8B | $575.0M |
| Stockholders' EquityBook value | $4.8B | $2.4B |
| Total Assets | $32.6B | $9.6B |
| Debt / EquityLower = less leverage | 0.38× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $1.8B | $575.0M | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $575.0M | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $4.8B | $2.4B | ||
| Q3 25 | $4.7B | $2.2B | ||
| Q2 25 | $4.5B | $2.0B | ||
| Q1 25 | $4.4B | $1.8B | ||
| Q4 24 | $4.5B | $1.9B | ||
| Q3 24 | $4.7B | $1.9B | ||
| Q2 24 | $4.4B | $1.6B | ||
| Q1 24 | $4.2B | $1.6B |
| Q4 25 | $32.6B | $9.6B | ||
| Q3 25 | $33.8B | $9.4B | ||
| Q2 25 | $30.7B | $9.1B | ||
| Q1 25 | $30.3B | $9.0B | ||
| Q4 24 | $30.8B | $8.3B | ||
| Q3 24 | $32.6B | $8.2B | ||
| Q2 24 | $29.9B | $7.7B | ||
| Q1 24 | $30.0B | $7.4B |
| Q4 25 | 0.38× | 0.24× | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | 0.30× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $784.0M | $287.9M |
| Free Cash FlowOCF − Capex | — | $273.9M |
| FCF MarginFCF / Revenue | — | 17.8% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 2.62× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | $287.9M | ||
| Q3 25 | $216.0M | $496.4M | ||
| Q2 25 | $191.0M | $371.6M | ||
| Q1 25 | $342.0M | $-68.7M | ||
| Q4 24 | $674.0M | $248.3M | ||
| Q3 24 | $459.0M | $318.1M | ||
| Q2 24 | $-88.0M | $278.0M | ||
| Q1 24 | $107.0M | $192.6M |
| Q4 25 | — | $273.9M | ||
| Q3 25 | — | $479.5M | ||
| Q2 25 | — | $357.2M | ||
| Q1 25 | — | $-81.9M | ||
| Q4 24 | — | $236.0M | ||
| Q3 24 | — | $306.2M | ||
| Q2 24 | — | $266.5M | ||
| Q1 24 | — | $182.4M |
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 30.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | 14.3% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 2.62× | 1.42× | ||
| Q3 25 | 1.00× | 1.77× | ||
| Q2 25 | 1.10× | 2.23× | ||
| Q1 25 | 2.22× | — | ||
| Q4 24 | 2.64× | 2.46× | ||
| Q3 24 | 2.54× | 1.38× | ||
| Q2 24 | -0.42× | 4.44× | ||
| Q1 24 | 0.44× | 2.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
MCY
Segment breakdown not available.
