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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Organon & Co. (OGN). 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 1.4× Organon & Co.). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs -13.6%, a 28.1% gap on every dollar of revenue. On growth, AMERICAN FINANCIAL GROUP INC posted the faster year-over-year revenue change (-4.0% vs -5.3%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs -3.6%).

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

Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.

AFG vs OGN — Head-to-Head

Bigger by revenue
AFG
AFG
1.4× larger
AFG
$2.1B
$1.5B
OGN
Growing faster (revenue YoY)
AFG
AFG
+1.3% gap
AFG
-4.0%
-5.3%
OGN
Higher net margin
AFG
AFG
28.1% more per $
AFG
14.5%
-13.6%
OGN
Faster 2-yr revenue CAGR
AFG
AFG
Annualised
AFG
4.0%
-3.6%
OGN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFG
AFG
OGN
OGN
Revenue
$2.1B
$1.5B
Net Profit
$299.0M
$-205.0M
Gross Margin
49.2%
Operating Margin
18.4%
-9.8%
Net Margin
14.5%
-13.6%
Revenue YoY
-4.0%
-5.3%
Net Profit YoY
17.3%
-288.1%
EPS (diluted)
$3.59
$-0.78

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
OGN
OGN
Q4 25
$2.1B
$1.5B
Q3 25
$2.3B
$1.6B
Q2 25
$1.9B
$1.6B
Q1 25
$1.9B
$1.5B
Q4 24
$2.1B
$1.6B
Q3 24
$2.4B
$1.6B
Q2 24
$1.9B
$1.6B
Q1 24
$1.9B
$1.6B
Net Profit
AFG
AFG
OGN
OGN
Q4 25
$299.0M
$-205.0M
Q3 25
$215.0M
$160.0M
Q2 25
$174.0M
$145.0M
Q1 25
$154.0M
$87.0M
Q4 24
$255.0M
$109.0M
Q3 24
$181.0M
$359.0M
Q2 24
$209.0M
$195.0M
Q1 24
$242.0M
$201.0M
Gross Margin
AFG
AFG
OGN
OGN
Q4 25
49.2%
Q3 25
53.5%
Q2 25
54.8%
Q1 25
55.6%
Q4 24
56.3%
Q3 24
58.3%
Q2 24
58.4%
Q1 24
59.0%
Operating Margin
AFG
AFG
OGN
OGN
Q4 25
18.4%
-9.8%
Q3 25
11.5%
15.2%
Q2 25
11.9%
14.4%
Q1 25
10.6%
6.7%
Q4 24
14.9%
8.1%
Q3 24
9.7%
13.1%
Q2 24
14.3%
14.6%
Q1 24
15.9%
14.5%
Net Margin
AFG
AFG
OGN
OGN
Q4 25
14.5%
-13.6%
Q3 25
9.2%
10.0%
Q2 25
9.0%
9.1%
Q1 25
8.3%
5.8%
Q4 24
11.9%
6.8%
Q3 24
7.6%
22.7%
Q2 24
11.0%
12.1%
Q1 24
12.7%
12.4%
EPS (diluted)
AFG
AFG
OGN
OGN
Q4 25
$3.59
$-0.78
Q3 25
$2.58
$0.61
Q2 25
$2.07
$0.56
Q1 25
$1.84
$0.33
Q4 24
$3.03
$0.42
Q3 24
$2.16
$1.38
Q2 24
$2.49
$0.75
Q1 24
$2.89
$0.78

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
OGN
OGN
Cash + ST InvestmentsLiquidity on hand
$1.7B
$574.0M
Total DebtLower is stronger
$1.8B
$8.6B
Stockholders' EquityBook value
$4.8B
$752.0M
Total Assets
$32.6B
$12.9B
Debt / EquityLower = less leverage
0.38×
11.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
OGN
OGN
Q4 25
$1.7B
$574.0M
Q3 25
$1.8B
$672.0M
Q2 25
$1.3B
$599.0M
Q1 25
$1.3B
$547.0M
Q4 24
$1.4B
$675.0M
Q3 24
$1.3B
$763.0M
Q2 24
$1.1B
$704.0M
Q1 24
$1.1B
$575.0M
Total Debt
AFG
AFG
OGN
OGN
Q4 25
$1.8B
$8.6B
Q3 25
$1.8B
$8.8B
Q2 25
$1.5B
$8.9B
Q1 25
$1.5B
$9.0B
Q4 24
$1.5B
$8.9B
Q3 24
$1.5B
$8.7B
Q2 24
$1.5B
$8.7B
Q1 24
$1.5B
$8.7B
Stockholders' Equity
AFG
AFG
OGN
OGN
Q4 25
$4.8B
$752.0M
Q3 25
$4.7B
$906.0M
Q2 25
$4.5B
$733.0M
Q1 25
$4.4B
$542.0M
Q4 24
$4.5B
$472.0M
Q3 24
$4.7B
$493.0M
Q2 24
$4.4B
$144.0M
Q1 24
$4.2B
$48.0M
Total Assets
AFG
AFG
OGN
OGN
Q4 25
$32.6B
$12.9B
Q3 25
$33.8B
$13.6B
Q2 25
$30.7B
$13.5B
Q1 25
$30.3B
$13.2B
Q4 24
$30.8B
$13.1B
Q3 24
$32.6B
$12.8B
Q2 24
$29.9B
$12.2B
Q1 24
$30.0B
$11.9B
Debt / Equity
AFG
AFG
OGN
OGN
Q4 25
0.38×
11.49×
Q3 25
0.38×
9.74×
Q2 25
0.33×
12.14×
Q1 25
0.34×
16.52×
Q4 24
0.33×
18.81×
Q3 24
0.31×
17.75×
Q2 24
0.34×
60.11×
Q1 24
0.35×
181.54×

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
OGN
OGN
Operating Cash FlowLast quarter
$784.0M
$141.0M
Free Cash FlowOCF − Capex
$96.0M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
2.62×
TTM Free Cash FlowTrailing 4 quarters
$538.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
OGN
OGN
Q4 25
$784.0M
$141.0M
Q3 25
$216.0M
$264.0M
Q2 25
$191.0M
$220.0M
Q1 25
$342.0M
$75.0M
Q4 24
$674.0M
$390.0M
Q3 24
$459.0M
$141.0M
Q2 24
$-88.0M
$332.0M
Q1 24
$107.0M
$76.0M
Free Cash Flow
AFG
AFG
OGN
OGN
Q4 25
$96.0M
Q3 25
$218.0M
Q2 25
$181.0M
Q1 25
$43.0M
Q4 24
$335.0M
Q3 24
$99.0M
Q2 24
$300.0M
Q1 24
$30.0M
FCF Margin
AFG
AFG
OGN
OGN
Q4 25
6.4%
Q3 25
13.6%
Q2 25
11.4%
Q1 25
2.8%
Q4 24
21.0%
Q3 24
6.3%
Q2 24
18.7%
Q1 24
1.8%
Capex Intensity
AFG
AFG
OGN
OGN
Q4 25
3.0%
Q3 25
2.9%
Q2 25
2.4%
Q1 25
2.1%
Q4 24
3.5%
Q3 24
2.7%
Q2 24
2.0%
Q1 24
2.8%
Cash Conversion
AFG
AFG
OGN
OGN
Q4 25
2.62×
Q3 25
1.00×
1.65×
Q2 25
1.10×
1.52×
Q1 25
2.22×
0.86×
Q4 24
2.64×
3.58×
Q3 24
2.54×
0.39×
Q2 24
-0.42×
1.70×
Q1 24
0.44×
0.38×

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%

OGN
OGN

Segment breakdown not available.

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