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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Textron (TXT). Click either name above to swap in a different company.

Textron is the larger business by last-quarter revenue ($3.7B vs $2.1B, roughly 1.8× AMERICAN FINANCIAL GROUP INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 6.0%, a 8.5% gap on every dollar of revenue. On growth, Textron posted the faster year-over-year revenue change (11.8% vs -4.0%). Over the past eight quarters, AMERICAN FINANCIAL GROUP INC's revenue compounded faster (4.0% CAGR vs 3.8%).

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

Textron Inc. is an American industrial conglomerate based in Providence, Rhode Island. Textron's subsidiaries include Bell Textron, Kautex, Textron Aviation, and Lycoming Engines. It was founded by Royal Little in 1923 as the Special Yarns Company. In 2020, Textron employed over 33,000 people in 25 countries. The company ranked 265th on the 2021 Fortune 500 of the largest United States corporations by revenue.

AFG vs TXT — Head-to-Head

Bigger by revenue
TXT
TXT
1.8× larger
TXT
$3.7B
$2.1B
AFG
Growing faster (revenue YoY)
TXT
TXT
+15.8% gap
TXT
11.8%
-4.0%
AFG
Higher net margin
AFG
AFG
8.5% more per $
AFG
14.5%
6.0%
TXT
Faster 2-yr revenue CAGR
AFG
AFG
Annualised
AFG
4.0%
3.8%
TXT

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
AFG
AFG
TXT
TXT
Revenue
$2.1B
$3.7B
Net Profit
$299.0M
$220.0M
Gross Margin
Operating Margin
18.4%
Net Margin
14.5%
6.0%
Revenue YoY
-4.0%
11.8%
Net Profit YoY
17.3%
6.3%
EPS (diluted)
$3.59
$1.25

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
TXT
TXT
Q1 26
$3.7B
Q4 25
$2.1B
$4.2B
Q3 25
$2.3B
$3.6B
Q2 25
$1.9B
$3.7B
Q1 25
$1.9B
$3.3B
Q4 24
$2.1B
$3.6B
Q3 24
$2.4B
$3.4B
Q2 24
$1.9B
Net Profit
AFG
AFG
TXT
TXT
Q1 26
$220.0M
Q4 25
$299.0M
$235.0M
Q3 25
$215.0M
$234.0M
Q2 25
$174.0M
$245.0M
Q1 25
$154.0M
$207.0M
Q4 24
$255.0M
$141.0M
Q3 24
$181.0M
$223.0M
Q2 24
$209.0M
Operating Margin
AFG
AFG
TXT
TXT
Q1 26
Q4 25
18.4%
Q3 25
11.5%
Q2 25
11.9%
Q1 25
10.6%
Q4 24
14.9%
3.6%
Q3 24
9.7%
7.4%
Q2 24
14.3%
Net Margin
AFG
AFG
TXT
TXT
Q1 26
6.0%
Q4 25
14.5%
5.6%
Q3 25
9.2%
6.5%
Q2 25
9.0%
6.6%
Q1 25
8.3%
6.3%
Q4 24
11.9%
3.9%
Q3 24
7.6%
6.5%
Q2 24
11.0%
EPS (diluted)
AFG
AFG
TXT
TXT
Q1 26
$1.25
Q4 25
$3.59
Q3 25
$2.58
Q2 25
$2.07
Q1 25
$1.84
$1.13
Q4 24
$3.03
Q3 24
$2.16
Q2 24
$2.49

Balance Sheet & Financial Strength

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

Metric
AFG
AFG
TXT
TXT
Cash + ST InvestmentsLiquidity on hand
$1.7B
$1.5B
Total DebtLower is stronger
$1.8B
$3.5B
Stockholders' EquityBook value
$4.8B
$8.0B
Total Assets
$32.6B
$18.1B
Debt / EquityLower = less leverage
0.38×
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFG
AFG
TXT
TXT
Q1 26
$1.5B
Q4 25
$1.7B
Q3 25
$1.8B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$1.1B
Total Debt
AFG
AFG
TXT
TXT
Q1 26
$3.5B
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
Stockholders' Equity
AFG
AFG
TXT
TXT
Q1 26
$8.0B
Q4 25
$4.8B
Q3 25
$4.7B
$7.5B
Q2 25
$4.5B
$7.4B
Q1 25
$4.4B
$7.3B
Q4 24
$4.5B
$7.2B
Q3 24
$4.7B
$7.0B
Q2 24
$4.4B
Total Assets
AFG
AFG
TXT
TXT
Q1 26
$18.1B
Q4 25
$32.6B
Q3 25
$33.8B
$17.4B
Q2 25
$30.7B
$17.1B
Q1 25
$30.3B
$16.9B
Q4 24
$30.8B
$16.8B
Q3 24
$32.6B
$16.5B
Q2 24
$29.9B
Debt / Equity
AFG
AFG
TXT
TXT
Q1 26
0.43×
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×

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
TXT
TXT
Operating Cash FlowLast quarter
$784.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
2.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFG
AFG
TXT
TXT
Q1 26
Q4 25
$784.0M
$700.0M
Q3 25
$216.0M
$349.0M
Q2 25
$191.0M
$387.0M
Q1 25
$342.0M
$-124.0M
Q4 24
$674.0M
$446.0M
Q3 24
$459.0M
$208.0M
Q2 24
$-88.0M
Free Cash Flow
AFG
AFG
TXT
TXT
Q1 26
Q4 25
$527.0M
Q3 25
$273.0M
Q2 25
$309.0M
Q1 25
$-180.0M
Q4 24
$293.0M
Q3 24
$137.0M
Q2 24
FCF Margin
AFG
AFG
TXT
TXT
Q1 26
Q4 25
12.6%
Q3 25
7.6%
Q2 25
8.3%
Q1 25
-5.4%
Q4 24
8.1%
Q3 24
4.0%
Q2 24
Capex Intensity
AFG
AFG
TXT
TXT
Q1 26
3.6%
Q4 25
4.1%
Q3 25
2.1%
Q2 25
2.1%
Q1 25
1.7%
Q4 24
4.2%
Q3 24
2.1%
Q2 24
Cash Conversion
AFG
AFG
TXT
TXT
Q1 26
Q4 25
2.62×
2.98×
Q3 25
1.00×
1.49×
Q2 25
1.10×
1.58×
Q1 25
2.22×
-0.60×
Q4 24
2.64×
3.16×
Q3 24
2.54×
0.93×
Q2 24
-0.42×

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%

TXT
TXT

Textron Aviation (a)$1.5B40%
Bell$1.1B29%
Industrial$786.0M21%
Textron Systems (a)$338.0M9%
FINANCE$16.0M0%

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