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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Toast, Inc. (TOST). 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 $1.6B, roughly 1.3× Toast, Inc.). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 6.2%, a 8.3% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -4.0%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 4.0%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
AFG vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.6B |
| Net Profit | $299.0M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 18.4% | 5.2% |
| Net Margin | 14.5% | 6.2% |
| Revenue YoY | -4.0% | 22.0% |
| Net Profit YoY | 17.3% | 215.6% |
| EPS (diluted) | $3.59 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.9B | $1.1B |
| Q4 25 | $299.0M | $101.0M | ||
| Q3 25 | $215.0M | $105.0M | ||
| Q2 25 | $174.0M | $80.0M | ||
| Q1 25 | $154.0M | $56.0M | ||
| Q4 24 | $255.0M | $32.0M | ||
| Q3 24 | $181.0M | $56.0M | ||
| Q2 24 | $209.0M | $14.0M | ||
| Q1 24 | $242.0M | $-83.0M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 23.2% |
| Q4 25 | 18.4% | 5.2% | ||
| Q3 25 | 11.5% | 5.1% | ||
| Q2 25 | 11.9% | 5.2% | ||
| Q1 25 | 10.6% | 3.2% | ||
| Q4 24 | 14.9% | 2.5% | ||
| Q3 24 | 9.7% | 2.6% | ||
| Q2 24 | 14.3% | 0.4% | ||
| Q1 24 | 15.9% | -5.2% |
| Q4 25 | 14.5% | 6.2% | ||
| Q3 25 | 9.2% | 6.4% | ||
| Q2 25 | 9.0% | 5.2% | ||
| Q1 25 | 8.3% | 4.2% | ||
| Q4 24 | 11.9% | 2.4% | ||
| Q3 24 | 7.6% | 4.3% | ||
| Q2 24 | 11.0% | 1.1% | ||
| Q1 24 | 12.7% | -7.7% |
| Q4 25 | $3.59 | $0.18 | ||
| Q3 25 | $2.58 | $0.16 | ||
| Q2 25 | $2.07 | $0.13 | ||
| Q1 25 | $1.84 | $0.09 | ||
| Q4 24 | $3.03 | $0.09 | ||
| Q3 24 | $2.16 | $0.07 | ||
| Q2 24 | $2.49 | $0.02 | ||
| Q1 24 | $2.89 | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $4.8B | $2.1B |
| Total Assets | $32.6B | $3.1B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.4B | $903.0M | ||
| Q3 24 | $1.3B | $761.0M | ||
| Q2 24 | $1.1B | $691.0M | ||
| Q1 24 | $1.1B | $578.0M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $4.8B | $2.1B | ||
| Q3 25 | $4.7B | $2.0B | ||
| Q2 25 | $4.5B | $1.8B | ||
| Q1 25 | $4.4B | $1.7B | ||
| Q4 24 | $4.5B | $1.5B | ||
| Q3 24 | $4.7B | $1.4B | ||
| Q2 24 | $4.4B | $1.3B | ||
| Q1 24 | $4.2B | $1.2B |
| Q4 25 | $32.6B | $3.1B | ||
| Q3 25 | $33.8B | $3.0B | ||
| Q2 25 | $30.7B | $2.8B | ||
| Q1 25 | $30.3B | $2.6B | ||
| Q4 24 | $30.8B | $2.4B | ||
| Q3 24 | $32.6B | $2.2B | ||
| Q2 24 | $29.9B | $2.2B | ||
| Q1 24 | $30.0B | $2.1B |
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.35× | — |
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 | $194.0M |
| Free Cash FlowOCF − Capex | — | $178.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 2.62× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | $194.0M | ||
| Q3 25 | $216.0M | $165.0M | ||
| Q2 25 | $191.0M | $223.0M | ||
| Q1 25 | $342.0M | $79.0M | ||
| Q4 24 | $674.0M | $147.0M | ||
| Q3 24 | $459.0M | $109.0M | ||
| Q2 24 | $-88.0M | $124.0M | ||
| Q1 24 | $107.0M | $-20.0M |
| Q4 25 | — | $178.0M | ||
| Q3 25 | — | $153.0M | ||
| Q2 25 | — | $208.0M | ||
| Q1 25 | — | $69.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $108.0M | ||
| Q1 24 | — | $-33.0M |
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | — | -3.1% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 2.62× | 1.92× | ||
| Q3 25 | 1.00× | 1.57× | ||
| Q2 25 | 1.10× | 2.79× | ||
| Q1 25 | 2.22× | 1.41× | ||
| Q4 24 | 2.64× | 4.59× | ||
| Q3 24 | 2.54× | 1.95× | ||
| Q2 24 | -0.42× | 8.86× | ||
| Q1 24 | 0.44× | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
