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

Motorola Solutions is the larger business by last-quarter revenue ($3.4B vs $2.1B, roughly 1.6× AMERICAN FINANCIAL GROUP INC). Motorola Solutions runs the higher net margin — 19.2% vs 14.5%, a 4.7% gap on every dollar of revenue. On growth, Motorola Solutions posted the faster year-over-year revenue change (12.3% vs -4.0%). Over the past eight quarters, Motorola Solutions's revenue compounded faster (18.9% CAGR vs 4.0%).

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

Motorola Solutions, Inc., is an American technology company that provides safety and security products and services. Headquartered in Chicago, Illinois, the company provides critical communications, video security, and command center technologies, used by public safety agencies and enterprises. It was formed in 2011 by the division of Motorola, Inc.

AFG vs MSI — Head-to-Head

Bigger by revenue
MSI
MSI
1.6× larger
MSI
$3.4B
$2.1B
AFG
Growing faster (revenue YoY)
MSI
MSI
+16.3% gap
MSI
12.3%
-4.0%
AFG
Higher net margin
MSI
MSI
4.7% more per $
MSI
19.2%
14.5%
AFG
Faster 2-yr revenue CAGR
MSI
MSI
Annualised
MSI
18.9%
4.0%
AFG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFG
AFG
MSI
MSI
Revenue
$2.1B
$3.4B
Net Profit
$299.0M
$649.0M
Gross Margin
52.3%
Operating Margin
18.4%
27.9%
Net Margin
14.5%
19.2%
Revenue YoY
-4.0%
12.3%
Net Profit YoY
17.3%
6.2%
EPS (diluted)
$3.59
$3.85

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
MSI
MSI
Q4 25
$2.1B
$3.4B
Q3 25
$2.3B
$3.0B
Q2 25
$1.9B
$2.8B
Q1 25
$1.9B
$2.5B
Q4 24
$2.1B
$3.0B
Q3 24
$2.4B
$2.8B
Q2 24
$1.9B
$2.6B
Q1 24
$1.9B
$2.4B
Net Profit
AFG
AFG
MSI
MSI
Q4 25
$299.0M
$649.0M
Q3 25
$215.0M
$562.0M
Q2 25
$174.0M
$513.0M
Q1 25
$154.0M
$430.0M
Q4 24
$255.0M
$611.0M
Q3 24
$181.0M
$562.0M
Q2 24
$209.0M
$443.0M
Q1 24
$242.0M
$-39.0M
Gross Margin
AFG
AFG
MSI
MSI
Q4 25
52.3%
Q3 25
51.6%
Q2 25
51.1%
Q1 25
51.4%
Q4 24
51.4%
Q3 24
51.4%
Q2 24
51.0%
Q1 24
49.9%
Operating Margin
AFG
AFG
MSI
MSI
Q4 25
18.4%
27.9%
Q3 25
11.5%
25.6%
Q2 25
11.9%
25.0%
Q1 25
10.6%
23.0%
Q4 24
14.9%
27.0%
Q3 24
9.7%
25.5%
Q2 24
14.3%
24.5%
Q1 24
15.9%
21.7%
Net Margin
AFG
AFG
MSI
MSI
Q4 25
14.5%
19.2%
Q3 25
9.2%
18.7%
Q2 25
9.0%
18.6%
Q1 25
8.3%
17.0%
Q4 24
11.9%
20.3%
Q3 24
7.6%
20.1%
Q2 24
11.0%
16.9%
Q1 24
12.7%
-1.6%
EPS (diluted)
AFG
AFG
MSI
MSI
Q4 25
$3.59
$3.85
Q3 25
$2.58
$3.33
Q2 25
$2.07
$3.04
Q1 25
$1.84
$2.53
Q4 24
$3.03
$3.57
Q3 24
$2.16
$3.29
Q2 24
$2.49
$2.60
Q1 24
$2.89
$-0.23

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
MSI
MSI
Cash + ST InvestmentsLiquidity on hand
$1.7B
$1.2B
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$4.8B
$2.4B
Total Assets
$32.6B
$19.4B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
MSI
MSI
Q4 25
$1.7B
$1.2B
Q3 25
$1.8B
$894.0M
Q2 25
$1.3B
$3.2B
Q1 25
$1.3B
$1.6B
Q4 24
$1.4B
$2.1B
Q3 24
$1.3B
$1.4B
Q2 24
$1.1B
$1.4B
Q1 24
$1.1B
$1.5B
Total Debt
AFG
AFG
MSI
MSI
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
MSI
MSI
Q4 25
$4.8B
$2.4B
Q3 25
$4.7B
$2.3B
Q2 25
$4.5B
$2.0B
Q1 25
$4.4B
$1.6B
Q4 24
$4.5B
$1.7B
Q3 24
$4.7B
$1.3B
Q2 24
$4.4B
$802.0M
Q1 24
$4.2B
$521.0M
Total Assets
AFG
AFG
MSI
MSI
Q4 25
$32.6B
$19.4B
Q3 25
$33.8B
$18.8B
Q2 25
$30.7B
$16.4B
Q1 25
$30.3B
$14.4B
Q4 24
$30.8B
$14.6B
Q3 24
$32.6B
$13.9B
Q2 24
$29.9B
$13.3B
Q1 24
$30.0B
$13.3B
Debt / Equity
AFG
AFG
MSI
MSI
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
MSI
MSI
Operating Cash FlowLast quarter
$784.0M
$1.3B
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
33.8%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
2.62×
1.94×
TTM Free Cash FlowTrailing 4 quarters
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
MSI
MSI
Q4 25
$784.0M
$1.3B
Q3 25
$216.0M
$798.0M
Q2 25
$191.0M
$273.0M
Q1 25
$342.0M
$510.0M
Q4 24
$674.0M
$1.1B
Q3 24
$459.0M
$759.0M
Q2 24
$-88.0M
$180.0M
Q1 24
$107.0M
$382.0M
Free Cash Flow
AFG
AFG
MSI
MSI
Q4 25
$1.1B
Q3 25
$732.0M
Q2 25
$225.0M
Q1 25
$473.0M
Q4 24
$984.0M
Q3 24
$702.0M
Q2 24
$112.0M
Q1 24
$336.0M
FCF Margin
AFG
AFG
MSI
MSI
Q4 25
33.8%
Q3 25
24.3%
Q2 25
8.1%
Q1 25
18.7%
Q4 24
32.7%
Q3 24
25.2%
Q2 24
4.3%
Q1 24
14.1%
Capex Intensity
AFG
AFG
MSI
MSI
Q4 25
3.4%
Q3 25
2.2%
Q2 25
1.7%
Q1 25
1.5%
Q4 24
2.9%
Q3 24
2.0%
Q2 24
2.6%
Q1 24
1.9%
Cash Conversion
AFG
AFG
MSI
MSI
Q4 25
2.62×
1.94×
Q3 25
1.00×
1.42×
Q2 25
1.10×
0.53×
Q1 25
2.22×
1.19×
Q4 24
2.64×
1.75×
Q3 24
2.54×
1.35×
Q2 24
-0.42×
0.41×
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%

MSI
MSI

Product And Systems Integration Segment$1.5B45%
Services And Software Segment$833.0M25%
Sales Channel Through Intermediary$772.0M23%
Command Center Software$258.0M8%

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