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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $2.1B, roughly 1.5× AMERICAN FINANCIAL GROUP INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 6.7%, a 7.8% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (6.1% vs -4.0%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs -9.8%).

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

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

AFG vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.5× larger
TAP
$3.1B
$2.1B
AFG
Growing faster (revenue YoY)
TAP
TAP
+10.1% gap
TAP
6.1%
-4.0%
AFG
Higher net margin
AFG
AFG
7.8% more per $
AFG
14.5%
6.7%
TAP
Faster 2-yr revenue CAGR
AFG
AFG
Annualised
AFG
4.0%
-9.8%
TAP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AFG
AFG
TAP
TAP
Revenue
$2.1B
$3.1B
Net Profit
$299.0M
$209.3M
Gross Margin
31.0%
Operating Margin
18.4%
Net Margin
14.5%
6.7%
Revenue YoY
-4.0%
6.1%
Net Profit YoY
17.3%
-28.7%
EPS (diluted)
$3.59
$1.22

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
TAP
TAP
Q1 26
$3.1B
Q4 25
$2.1B
$3.1B
Q3 25
$2.3B
$3.5B
Q2 25
$1.9B
$3.7B
Q1 25
$1.9B
$2.7B
Q4 24
$2.1B
$3.2B
Q3 24
$2.4B
$3.6B
Q2 24
$1.9B
$3.8B
Net Profit
AFG
AFG
TAP
TAP
Q1 26
$209.3M
Q4 25
$299.0M
$238.3M
Q3 25
$215.0M
$-2.9B
Q2 25
$174.0M
$428.7M
Q1 25
$154.0M
$121.0M
Q4 24
$255.0M
$287.8M
Q3 24
$181.0M
$199.8M
Q2 24
$209.0M
$427.0M
Gross Margin
AFG
AFG
TAP
TAP
Q1 26
31.0%
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Operating Margin
AFG
AFG
TAP
TAP
Q1 26
Q4 25
18.4%
10.4%
Q3 25
11.5%
-98.5%
Q2 25
11.9%
15.6%
Q1 25
10.6%
6.9%
Q4 24
14.9%
12.0%
Q3 24
9.7%
12.5%
Q2 24
14.3%
15.6%
Net Margin
AFG
AFG
TAP
TAP
Q1 26
6.7%
Q4 25
14.5%
7.6%
Q3 25
9.2%
-84.0%
Q2 25
9.0%
11.5%
Q1 25
8.3%
4.5%
Q4 24
11.9%
8.9%
Q3 24
7.6%
5.5%
Q2 24
11.0%
11.1%
EPS (diluted)
AFG
AFG
TAP
TAP
Q1 26
$1.22
Q4 25
$3.59
$1.32
Q3 25
$2.58
$-14.79
Q2 25
$2.07
$2.13
Q1 25
$1.84
$0.59
Q4 24
$3.03
$1.39
Q3 24
$2.16
$0.96
Q2 24
$2.49
$2.03

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$1.7B
$896.5M
Total DebtLower is stronger
$1.8B
$3.9B
Stockholders' EquityBook value
$4.8B
$10.4B
Total Assets
$32.6B
$22.7B
Debt / EquityLower = less leverage
0.38×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
TAP
TAP
Q1 26
$896.5M
Q4 25
$1.7B
$896.5M
Q3 25
$1.8B
$950.2M
Q2 25
$1.3B
$613.8M
Q1 25
$1.3B
$412.7M
Q4 24
$1.4B
$969.3M
Q3 24
$1.3B
$1.0B
Q2 24
$1.1B
$1.6B
Total Debt
AFG
AFG
TAP
TAP
Q1 26
$3.9B
Q4 25
$1.8B
$6.3B
Q3 25
$1.8B
$6.3B
Q2 25
$1.5B
$6.3B
Q1 25
$1.5B
$6.2B
Q4 24
$1.5B
$6.1B
Q3 24
$1.5B
$6.2B
Q2 24
$1.5B
$7.0B
Stockholders' Equity
AFG
AFG
TAP
TAP
Q1 26
$10.4B
Q4 25
$4.8B
$10.2B
Q3 25
$4.7B
$10.3B
Q2 25
$4.5B
$13.4B
Q1 25
$4.4B
$13.1B
Q4 24
$4.5B
$13.1B
Q3 24
$4.7B
$13.3B
Q2 24
$4.4B
$13.2B
Total Assets
AFG
AFG
TAP
TAP
Q1 26
$22.7B
Q4 25
$32.6B
$22.7B
Q3 25
$33.8B
$22.9B
Q2 25
$30.7B
$26.8B
Q1 25
$30.3B
$25.9B
Q4 24
$30.8B
$26.1B
Q3 24
$32.6B
$26.6B
Q2 24
$29.9B
$27.4B
Debt / Equity
AFG
AFG
TAP
TAP
Q1 26
0.37×
Q4 25
0.38×
0.61×
Q3 25
0.38×
0.61×
Q2 25
0.33×
0.47×
Q1 25
0.34×
0.47×
Q4 24
0.33×
0.47×
Q3 24
0.31×
0.47×
Q2 24
0.34×
0.53×

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
TAP
TAP
Operating Cash FlowLast quarter
$784.0M
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
36.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.62×
TTM Free Cash FlowTrailing 4 quarters
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
TAP
TAP
Q1 26
Q4 25
$784.0M
$540.7M
Q3 25
$216.0M
$616.1M
Q2 25
$191.0M
$718.3M
Q1 25
$342.0M
$-90.7M
Q4 24
$674.0M
$494.5M
Q3 24
$459.0M
$521.2M
Q2 24
$-88.0M
$869.2M
Free Cash Flow
AFG
AFG
TAP
TAP
Q1 26
$1.1B
Q4 25
$357.8M
Q3 25
$483.0M
Q2 25
$555.0M
Q1 25
$-328.0M
Q4 24
$383.4M
Q3 24
$350.4M
Q2 24
$691.7M
FCF Margin
AFG
AFG
TAP
TAP
Q1 26
36.5%
Q4 25
11.4%
Q3 25
13.9%
Q2 25
14.8%
Q1 25
-12.2%
Q4 24
11.8%
Q3 24
9.7%
Q2 24
18.0%
Capex Intensity
AFG
AFG
TAP
TAP
Q1 26
Q4 25
5.9%
Q3 25
3.8%
Q2 25
4.4%
Q1 25
8.8%
Q4 24
3.4%
Q3 24
4.7%
Q2 24
4.6%
Cash Conversion
AFG
AFG
TAP
TAP
Q1 26
Q4 25
2.62×
2.27×
Q3 25
1.00×
Q2 25
1.10×
1.68×
Q1 25
2.22×
-0.75×
Q4 24
2.64×
1.72×
Q3 24
2.54×
2.61×
Q2 24
-0.42×
2.04×

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%

TAP
TAP

Segment breakdown not available.

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