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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Primoris Services Corp (PRIM). 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× Primoris Services Corp). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 2.8%, a 11.7% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs -4.0%). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 4.0%).

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

Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.

AFG vs PRIM — Head-to-Head

Bigger by revenue
AFG
AFG
1.1× larger
AFG
$2.1B
$1.9B
PRIM
Growing faster (revenue YoY)
PRIM
PRIM
+10.7% gap
PRIM
6.7%
-4.0%
AFG
Higher net margin
AFG
AFG
11.7% more per $
AFG
14.5%
2.8%
PRIM
Faster 2-yr revenue CAGR
PRIM
PRIM
Annualised
PRIM
14.7%
4.0%
AFG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFG
AFG
PRIM
PRIM
Revenue
$2.1B
$1.9B
Net Profit
$299.0M
$51.7M
Gross Margin
9.4%
Operating Margin
18.4%
4.2%
Net Margin
14.5%
2.8%
Revenue YoY
-4.0%
6.7%
Net Profit YoY
17.3%
-4.2%
EPS (diluted)
$3.59
$0.94

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
PRIM
PRIM
Q4 25
$2.1B
$1.9B
Q3 25
$2.3B
$2.2B
Q2 25
$1.9B
$1.9B
Q1 25
$1.9B
$1.6B
Q4 24
$2.1B
$1.7B
Q3 24
$2.4B
$1.6B
Q2 24
$1.9B
$1.6B
Q1 24
$1.9B
$1.4B
Net Profit
AFG
AFG
PRIM
PRIM
Q4 25
$299.0M
$51.7M
Q3 25
$215.0M
$94.6M
Q2 25
$174.0M
$84.3M
Q1 25
$154.0M
$44.2M
Q4 24
$255.0M
$54.0M
Q3 24
$181.0M
$58.4M
Q2 24
$209.0M
$49.5M
Q1 24
$242.0M
$18.9M
Gross Margin
AFG
AFG
PRIM
PRIM
Q4 25
9.4%
Q3 25
10.8%
Q2 25
12.3%
Q1 25
10.4%
Q4 24
10.6%
Q3 24
12.0%
Q2 24
11.9%
Q1 24
9.4%
Operating Margin
AFG
AFG
PRIM
PRIM
Q4 25
18.4%
4.2%
Q3 25
11.5%
6.3%
Q2 25
11.9%
6.7%
Q1 25
10.6%
4.3%
Q4 24
14.9%
5.0%
Q3 24
9.7%
6.0%
Q2 24
14.3%
5.5%
Q1 24
15.9%
3.1%
Net Margin
AFG
AFG
PRIM
PRIM
Q4 25
14.5%
2.8%
Q3 25
9.2%
4.3%
Q2 25
9.0%
4.5%
Q1 25
8.3%
2.7%
Q4 24
11.9%
3.1%
Q3 24
7.6%
3.5%
Q2 24
11.0%
3.2%
Q1 24
12.7%
1.3%
EPS (diluted)
AFG
AFG
PRIM
PRIM
Q4 25
$3.59
$0.94
Q3 25
$2.58
$1.73
Q2 25
$2.07
$1.54
Q1 25
$1.84
$0.81
Q4 24
$3.03
$0.98
Q3 24
$2.16
$1.07
Q2 24
$2.49
$0.91
Q1 24
$2.89
$0.35

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
PRIM
PRIM
Cash + ST InvestmentsLiquidity on hand
$1.7B
$535.5M
Total DebtLower is stronger
$1.8B
$469.9M
Stockholders' EquityBook value
$4.8B
$1.7B
Total Assets
$32.6B
$4.4B
Debt / EquityLower = less leverage
0.38×
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
PRIM
PRIM
Q4 25
$1.7B
$535.5M
Q3 25
$1.8B
$431.4M
Q2 25
$1.3B
$390.3M
Q1 25
$1.3B
$351.6M
Q4 24
$1.4B
$455.8M
Q3 24
$1.3B
$352.7M
Q2 24
$1.1B
$207.4M
Q1 24
$1.1B
$177.6M
Total Debt
AFG
AFG
PRIM
PRIM
Q4 25
$1.8B
$469.9M
Q3 25
$1.8B
$486.0M
Q2 25
$1.5B
$603.1M
Q1 25
$1.5B
$612.0M
Q4 24
$1.5B
$734.8M
Q3 24
$1.5B
$903.7M
Q2 24
$1.5B
$933.0M
Q1 24
$1.5B
$951.7M
Stockholders' Equity
AFG
AFG
PRIM
PRIM
Q4 25
$4.8B
$1.7B
Q3 25
$4.7B
$1.6B
Q2 25
$4.5B
$1.5B
Q1 25
$4.4B
$1.4B
Q4 24
$4.5B
$1.4B
Q3 24
$4.7B
$1.4B
Q2 24
$4.4B
$1.3B
Q1 24
$4.2B
$1.2B
Total Assets
AFG
AFG
PRIM
PRIM
Q4 25
$32.6B
$4.4B
Q3 25
$33.8B
$4.6B
Q2 25
$30.7B
$4.5B
Q1 25
$30.3B
$4.2B
Q4 24
$30.8B
$4.2B
Q3 24
$32.6B
$4.2B
Q2 24
$29.9B
$4.0B
Q1 24
$30.0B
$4.0B
Debt / Equity
AFG
AFG
PRIM
PRIM
Q4 25
0.38×
0.28×
Q3 25
0.38×
0.30×
Q2 25
0.33×
0.39×
Q1 25
0.34×
0.42×
Q4 24
0.33×
0.52×
Q3 24
0.31×
0.67×
Q2 24
0.34×
0.72×
Q1 24
0.35×
0.76×

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
PRIM
PRIM
Operating Cash FlowLast quarter
$784.0M
$142.9M
Free Cash FlowOCF − Capex
$121.1M
FCF MarginFCF / Revenue
6.5%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
2.62×
2.76×
TTM Free Cash FlowTrailing 4 quarters
$340.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
PRIM
PRIM
Q4 25
$784.0M
$142.9M
Q3 25
$216.0M
$182.9M
Q2 25
$191.0M
$78.5M
Q1 25
$342.0M
$66.2M
Q4 24
$674.0M
$298.3M
Q3 24
$459.0M
$222.5M
Q2 24
$-88.0M
$16.1M
Q1 24
$107.0M
$-28.5M
Free Cash Flow
AFG
AFG
PRIM
PRIM
Q4 25
$121.1M
Q3 25
$148.4M
Q2 25
$45.3M
Q1 25
$25.6M
Q4 24
$270.0M
Q3 24
$158.8M
Q2 24
$-8.1M
Q1 24
$-38.9M
FCF Margin
AFG
AFG
PRIM
PRIM
Q4 25
6.5%
Q3 25
6.8%
Q2 25
2.4%
Q1 25
1.6%
Q4 24
15.5%
Q3 24
9.6%
Q2 24
-0.5%
Q1 24
-2.8%
Capex Intensity
AFG
AFG
PRIM
PRIM
Q4 25
1.2%
Q3 25
1.6%
Q2 25
1.8%
Q1 25
2.5%
Q4 24
1.6%
Q3 24
3.9%
Q2 24
1.5%
Q1 24
0.7%
Cash Conversion
AFG
AFG
PRIM
PRIM
Q4 25
2.62×
2.76×
Q3 25
1.00×
1.93×
Q2 25
1.10×
0.93×
Q1 25
2.22×
1.50×
Q4 24
2.64×
5.53×
Q3 24
2.54×
3.81×
Q2 24
-0.42×
0.32×
Q1 24
0.44×
-1.50×

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%

PRIM
PRIM

Energy Segment$1.2B64%
Unit Price Contracts$473.7M25%
Cost Reimbursable Contracts$121.3M7%
Other$74.9M4%

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