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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and SEALED AIR CORP (SEE). 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 $1.4B, roughly 1.5× SEALED AIR CORP). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 3.1%, a 11.4% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs -4.0%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs 2.7%).

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

Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.

AFG vs SEE — Head-to-Head

Bigger by revenue
AFG
AFG
1.5× larger
AFG
$2.1B
$1.4B
SEE
Growing faster (revenue YoY)
SEE
SEE
+6.6% gap
SEE
2.6%
-4.0%
AFG
Higher net margin
AFG
AFG
11.4% more per $
AFG
14.5%
3.1%
SEE
Faster 2-yr revenue CAGR
AFG
AFG
Annualised
AFG
4.0%
2.7%
SEE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFG
AFG
SEE
SEE
Revenue
$2.1B
$1.4B
Net Profit
$299.0M
$43.8M
Gross Margin
28.6%
Operating Margin
18.4%
11.4%
Net Margin
14.5%
3.1%
Revenue YoY
-4.0%
2.6%
Net Profit YoY
17.3%
700.0%
EPS (diluted)
$3.59
$0.30

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
SEE
SEE
Q4 25
$2.1B
$1.4B
Q3 25
$2.3B
$1.3B
Q2 25
$1.9B
$1.3B
Q1 25
$1.9B
$1.3B
Q4 24
$2.1B
$1.4B
Q3 24
$2.4B
$1.3B
Q2 24
$1.9B
$1.3B
Q1 24
$1.9B
$1.3B
Net Profit
AFG
AFG
SEE
SEE
Q4 25
$299.0M
$43.8M
Q3 25
$215.0M
$255.1M
Q2 25
$174.0M
$93.1M
Q1 25
$154.0M
$113.5M
Q4 24
$255.0M
$-7.3M
Q3 24
$181.0M
$91.7M
Q2 24
$209.0M
$98.3M
Q1 24
$242.0M
$82.0M
Gross Margin
AFG
AFG
SEE
SEE
Q4 25
28.6%
Q3 25
29.8%
Q2 25
30.7%
Q1 25
30.9%
Q4 24
30.0%
Q3 24
30.1%
Q2 24
31.2%
Q1 24
30.3%
Operating Margin
AFG
AFG
SEE
SEE
Q4 25
18.4%
11.4%
Q3 25
11.5%
13.8%
Q2 25
11.9%
15.0%
Q1 25
10.6%
14.5%
Q4 24
14.9%
11.7%
Q3 24
9.7%
13.9%
Q2 24
14.3%
15.4%
Q1 24
15.9%
14.0%
Net Margin
AFG
AFG
SEE
SEE
Q4 25
14.5%
3.1%
Q3 25
9.2%
19.0%
Q2 25
9.0%
7.0%
Q1 25
8.3%
9.0%
Q4 24
11.9%
-0.5%
Q3 24
7.6%
6.9%
Q2 24
11.0%
7.4%
Q1 24
12.7%
6.2%
EPS (diluted)
AFG
AFG
SEE
SEE
Q4 25
$3.59
$0.30
Q3 25
$2.58
$1.73
Q2 25
$2.07
$0.63
Q1 25
$1.84
$0.77
Q4 24
$3.03
$-0.05
Q3 24
$2.16
$0.63
Q2 24
$2.49
$0.67
Q1 24
$2.89
$0.56

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
SEE
SEE
Cash + ST InvestmentsLiquidity on hand
$1.7B
$344.0M
Total DebtLower is stronger
$1.8B
$3.3B
Stockholders' EquityBook value
$4.8B
$1.2B
Total Assets
$32.6B
$7.0B
Debt / EquityLower = less leverage
0.38×
2.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
SEE
SEE
Q4 25
$1.7B
$344.0M
Q3 25
$1.8B
$282.5M
Q2 25
$1.3B
$354.4M
Q1 25
$1.3B
$335.2M
Q4 24
$1.4B
$371.8M
Q3 24
$1.3B
$386.0M
Q2 24
$1.1B
$388.6M
Q1 24
$1.1B
$352.8M
Total Debt
AFG
AFG
SEE
SEE
Q4 25
$1.8B
$3.3B
Q3 25
$1.8B
$4.0B
Q2 25
$1.5B
$4.0B
Q1 25
$1.5B
$4.2B
Q4 24
$1.5B
$4.2B
Q3 24
$1.5B
$4.3B
Q2 24
$1.5B
$4.4B
Q1 24
$1.5B
$4.5B
Stockholders' Equity
AFG
AFG
SEE
SEE
Q4 25
$4.8B
$1.2B
Q3 25
$4.7B
$1.2B
Q2 25
$4.5B
$953.1M
Q1 25
$4.4B
$797.9M
Q4 24
$4.5B
$624.5M
Q3 24
$4.7B
$771.2M
Q2 24
$4.4B
$650.1M
Q1 24
$4.2B
$598.3M
Total Assets
AFG
AFG
SEE
SEE
Q4 25
$32.6B
$7.0B
Q3 25
$33.8B
$7.1B
Q2 25
$30.7B
$7.2B
Q1 25
$30.3B
$7.0B
Q4 24
$30.8B
$7.0B
Q3 24
$32.6B
$7.3B
Q2 24
$29.9B
$7.3B
Q1 24
$30.0B
$7.2B
Debt / Equity
AFG
AFG
SEE
SEE
Q4 25
0.38×
2.65×
Q3 25
0.38×
3.34×
Q2 25
0.33×
4.18×
Q1 25
0.34×
5.26×
Q4 24
0.33×
6.72×
Q3 24
0.31×
5.62×
Q2 24
0.34×
6.81×
Q1 24
0.35×
7.49×

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
SEE
SEE
Operating Cash FlowLast quarter
$784.0M
$293.6M
Free Cash FlowOCF − Capex
$257.7M
FCF MarginFCF / Revenue
18.5%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
2.62×
6.70×
TTM Free Cash FlowTrailing 4 quarters
$458.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
SEE
SEE
Q4 25
$784.0M
$293.6M
Q3 25
$216.0M
$165.9M
Q2 25
$191.0M
$136.6M
Q1 25
$342.0M
$31.9M
Q4 24
$674.0M
$244.2M
Q3 24
$459.0M
$170.5M
Q2 24
$-88.0M
$188.2M
Q1 24
$107.0M
$125.1M
Free Cash Flow
AFG
AFG
SEE
SEE
Q4 25
$257.7M
Q3 25
$119.6M
Q2 25
$93.2M
Q1 25
$-12.0M
Q4 24
$185.1M
Q3 24
$115.2M
Q2 24
$129.5M
Q1 24
$78.0M
FCF Margin
AFG
AFG
SEE
SEE
Q4 25
18.5%
Q3 25
8.9%
Q2 25
7.0%
Q1 25
-0.9%
Q4 24
13.6%
Q3 24
8.6%
Q2 24
9.7%
Q1 24
5.9%
Capex Intensity
AFG
AFG
SEE
SEE
Q4 25
2.6%
Q3 25
3.4%
Q2 25
3.3%
Q1 25
3.5%
Q4 24
4.4%
Q3 24
4.1%
Q2 24
4.4%
Q1 24
3.6%
Cash Conversion
AFG
AFG
SEE
SEE
Q4 25
2.62×
6.70×
Q3 25
1.00×
0.65×
Q2 25
1.10×
1.47×
Q1 25
2.22×
0.28×
Q4 24
2.64×
Q3 24
2.54×
1.86×
Q2 24
-0.42×
1.91×
Q1 24
0.44×
1.53×

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%

SEE
SEE

Protective Segment$1.1B78%
Other$292.0M21%
Pension Plans Defined Benefit$7.9M1%

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