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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and PulteGroup (PHM). Click either name above to swap in a different company.
PulteGroup is the larger business by last-quarter revenue ($3.4B vs $2.1B, roughly 1.7× AMERICAN FINANCIAL GROUP INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 10.2%, a 4.3% gap on every dollar of revenue. On growth, AMERICAN FINANCIAL GROUP INC posted the faster year-over-year revenue change (-4.0% vs -12.4%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs -13.9%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
AFG vs PHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $3.4B |
| Net Profit | $299.0M | $347.0M |
| Gross Margin | — | — |
| Operating Margin | 18.4% | — |
| Net Margin | 14.5% | 10.2% |
| Revenue YoY | -4.0% | -12.4% |
| Net Profit YoY | 17.3% | — |
| 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.
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.1B | $4.6B | ||
| Q3 25 | $2.3B | $4.4B | ||
| Q2 25 | $1.9B | $4.4B | ||
| Q1 25 | $1.9B | $3.9B | ||
| Q4 24 | $2.1B | $4.9B | ||
| Q3 24 | $2.4B | $4.5B | ||
| Q2 24 | $1.9B | $4.6B |
| Q1 26 | — | $347.0M | ||
| Q4 25 | $299.0M | $501.6M | ||
| Q3 25 | $215.0M | $585.8M | ||
| Q2 25 | $174.0M | $608.5M | ||
| Q1 25 | $154.0M | $522.8M | ||
| Q4 24 | $255.0M | $913.2M | ||
| Q3 24 | $181.0M | $697.9M | ||
| Q2 24 | $209.0M | $809.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 28.6% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 18.4% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 11.9% | — | ||
| Q1 25 | 10.6% | — | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 14.3% | — |
| Q1 26 | — | 10.2% | ||
| Q4 25 | 14.5% | 10.9% | ||
| Q3 25 | 9.2% | 13.3% | ||
| Q2 25 | 9.0% | 13.8% | ||
| Q1 25 | 8.3% | 13.4% | ||
| Q4 24 | 11.9% | 18.6% | ||
| Q3 24 | 7.6% | 15.6% | ||
| Q2 24 | 11.0% | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | $3.59 | $2.56 | ||
| Q3 25 | $2.58 | $2.96 | ||
| Q2 25 | $2.07 | $3.03 | ||
| Q1 25 | $1.84 | $2.57 | ||
| Q4 24 | $3.03 | $4.41 | ||
| Q3 24 | $2.16 | $3.35 | ||
| Q2 24 | $2.49 | $3.83 |
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 | $1.8B |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $4.8B | $13.0B |
| Total Assets | $32.6B | $5.2B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.7B | $2.0B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.1B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $43.9M | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $31.1M | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
| Q1 26 | — | $13.0B | ||
| Q4 25 | $4.8B | $13.0B | ||
| Q3 25 | $4.7B | $12.8B | ||
| Q2 25 | $4.5B | $12.6B | ||
| Q1 25 | $4.4B | $12.3B | ||
| Q4 24 | $4.5B | $12.1B | ||
| Q3 24 | $4.7B | $11.6B | ||
| Q2 24 | $4.4B | $11.2B |
| Q1 26 | — | $5.2B | ||
| Q4 25 | $32.6B | $18.0B | ||
| Q3 25 | $33.8B | $17.9B | ||
| Q2 25 | $30.7B | $17.6B | ||
| Q1 25 | $30.3B | $17.3B | ||
| Q4 24 | $30.8B | $17.4B | ||
| Q3 24 | $32.6B | $17.0B | ||
| Q2 24 | $29.9B | $16.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.38× | 0.00× | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | 0.00× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $784.0M | $159.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 2.62× | 0.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.8M | ||
| Q4 25 | $784.0M | $771.1M | ||
| Q3 25 | $216.0M | $678.4M | ||
| Q2 25 | $191.0M | $287.5M | ||
| Q1 25 | $342.0M | $134.2M | ||
| Q4 24 | $674.0M | $567.6M | ||
| Q3 24 | $459.0M | $455.9M | ||
| Q2 24 | $-88.0M | $417.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $739.8M | ||
| Q3 25 | — | $651.1M | ||
| Q2 25 | — | $253.0M | ||
| Q1 25 | — | $104.6M | ||
| Q4 24 | — | $543.1M | ||
| Q3 24 | — | $417.2M | ||
| Q2 24 | — | $386.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.0% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 8.4% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | 0.46× | ||
| Q4 25 | 2.62× | 1.54× | ||
| Q3 25 | 1.00× | 1.16× | ||
| Q2 25 | 1.10× | 0.47× | ||
| Q1 25 | 2.22× | 0.26× | ||
| Q4 24 | 2.64× | 0.62× | ||
| Q3 24 | 2.54× | 0.65× | ||
| Q2 24 | -0.42× | 0.52× |
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% |
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
