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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Public Storage (PSA). 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 $1.2B, roughly 1.7× Public Storage). Public Storage runs the higher net margin — 41.7% vs 14.5%, a 27.2% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs -4.0%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs 2.5%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
AFG vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.2B |
| Net Profit | $299.0M | $507.1M |
| Gross Margin | — | — |
| Operating Margin | 18.4% | 40.7% |
| Net Margin | 14.5% | 41.7% |
| Revenue YoY | -4.0% | 3.3% |
| Net Profit YoY | 17.3% | -17.5% |
| EPS (diluted) | $3.59 | $2.59 |
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.
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.9B | $1.2B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.4B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
| Q4 25 | $299.0M | $507.1M | ||
| Q3 25 | $215.0M | $511.1M | ||
| Q2 25 | $174.0M | $358.4M | ||
| Q1 25 | $154.0M | $407.8M | ||
| Q4 24 | $255.0M | $614.6M | ||
| Q3 24 | $181.0M | $430.3M | ||
| Q2 24 | $209.0M | $518.1M | ||
| Q1 24 | $242.0M | $508.9M |
| Q4 25 | 18.4% | 40.7% | ||
| Q3 25 | 11.5% | 42.3% | ||
| Q2 25 | 11.9% | 30.4% | ||
| Q1 25 | 10.6% | 34.8% | ||
| Q4 24 | 14.9% | 52.4% | ||
| Q3 24 | 9.7% | 36.7% | ||
| Q2 24 | 14.3% | 44.6% | ||
| Q1 24 | 15.9% | 44.3% |
| Q4 25 | 14.5% | 41.7% | ||
| Q3 25 | 9.2% | 41.8% | ||
| Q2 25 | 9.0% | 29.8% | ||
| Q1 25 | 8.3% | 34.5% | ||
| Q4 24 | 11.9% | 52.2% | ||
| Q3 24 | 7.6% | 36.2% | ||
| Q2 24 | 11.0% | 44.2% | ||
| Q1 24 | 12.7% | 44.0% |
| Q4 25 | $3.59 | $2.59 | ||
| Q3 25 | $2.58 | $2.62 | ||
| Q2 25 | $2.07 | $1.76 | ||
| Q1 25 | $1.84 | $2.04 | ||
| Q4 24 | $3.03 | $3.22 | ||
| Q3 24 | $2.16 | $2.16 | ||
| Q2 24 | $2.49 | $2.66 | ||
| Q1 24 | $2.89 | $2.60 |
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 | $318.1M |
| Total DebtLower is stronger | $1.8B | $10.3B |
| Stockholders' EquityBook value | $4.8B | $9.2B |
| Total Assets | $32.6B | $20.2B |
| Debt / EquityLower = less leverage | 0.38× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $318.1M | ||
| Q3 25 | $1.8B | $296.5M | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $287.2M | ||
| Q4 24 | $1.4B | $447.4M | ||
| Q3 24 | $1.3B | $599.0M | ||
| Q2 24 | $1.1B | $542.3M | ||
| Q1 24 | $1.1B | $271.6M |
| Q4 25 | $1.8B | $10.3B | ||
| Q3 25 | $1.8B | $10.0B | ||
| Q2 25 | $1.5B | $10.4B | ||
| Q1 25 | $1.5B | $9.4B | ||
| Q4 24 | $1.5B | $9.4B | ||
| Q3 24 | $1.5B | $9.5B | ||
| Q2 24 | $1.5B | $9.4B | ||
| Q1 24 | $1.5B | $9.1B |
| Q4 25 | $4.8B | $9.2B | ||
| Q3 25 | $4.7B | $9.3B | ||
| Q2 25 | $4.5B | $9.4B | ||
| Q1 25 | $4.4B | $9.6B | ||
| Q4 24 | $4.5B | $9.7B | ||
| Q3 24 | $4.7B | $9.6B | ||
| Q2 24 | $4.4B | $9.7B | ||
| Q1 24 | $4.2B | $9.9B |
| Q4 25 | $32.6B | $20.2B | ||
| Q3 25 | $33.8B | $20.1B | ||
| Q2 25 | $30.7B | $20.5B | ||
| Q1 25 | $30.3B | $19.6B | ||
| Q4 24 | $30.8B | $19.8B | ||
| Q3 24 | $32.6B | $19.8B | ||
| Q2 24 | $29.9B | $19.8B | ||
| Q1 24 | $30.0B | $19.6B |
| Q4 25 | 0.38× | 1.11× | ||
| Q3 25 | 0.38× | 1.08× | ||
| Q2 25 | 0.33× | 1.11× | ||
| Q1 25 | 0.34× | 0.99× | ||
| Q4 24 | 0.33× | 0.96× | ||
| Q3 24 | 0.31× | 0.99× | ||
| Q2 24 | 0.34× | 0.97× | ||
| Q1 24 | 0.35× | 0.91× |
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 | $733.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.62× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | $733.6M | ||
| Q3 25 | $216.0M | $875.1M | ||
| Q2 25 | $191.0M | $872.7M | ||
| Q1 25 | $342.0M | $705.1M | ||
| Q4 24 | $674.0M | $768.6M | ||
| Q3 24 | $459.0M | $798.8M | ||
| Q2 24 | $-88.0M | $895.3M | ||
| Q1 24 | $107.0M | $665.6M |
| Q4 25 | 2.62× | 1.45× | ||
| Q3 25 | 1.00× | 1.71× | ||
| Q2 25 | 1.10× | 2.43× | ||
| Q1 25 | 2.22× | 1.73× | ||
| Q4 24 | 2.64× | 1.25× | ||
| Q3 24 | 2.54× | 1.86× | ||
| Q2 24 | -0.42× | 1.73× | ||
| Q1 24 | 0.44× | 1.31× |
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% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
