vs
Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Viking Holdings Ltd (VIK). Click either name above to swap in a different company.
Viking Holdings Ltd is the larger business by last-quarter revenue ($4.0B vs $2.1B, roughly 1.9× AMERICAN FINANCIAL GROUP INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 12.9%, a 1.6% gap on every dollar of revenue.
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
AFG vs VIK — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $4.0B |
| Net Profit | $299.0M | $514.0M |
| Gross Margin | — | 73.4% |
| Operating Margin | 18.4% | 15.2% |
| Net Margin | 14.5% | 12.9% |
| Revenue YoY | -4.0% | — |
| Net Profit YoY | 17.3% | 35.4% |
| EPS (diluted) | $3.59 | $1.15 |
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 | — | ||
| Q3 25 | $2.3B | $4.0B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $1.9B | $718.2M | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.4B | $3.6B | ||
| Q2 24 | $1.9B | $2.1B | ||
| Q1 24 | $1.9B | — |
| Q4 25 | $299.0M | — | ||
| Q3 25 | $215.0M | $514.0M | ||
| Q2 25 | $174.0M | $439.2M | ||
| Q1 25 | $154.0M | $-105.5M | ||
| Q4 24 | $255.0M | — | ||
| Q3 24 | $181.0M | $379.7M | ||
| Q2 24 | $209.0M | $159.8M | ||
| Q1 24 | $242.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 73.4% | ||
| Q2 25 | — | 55.7% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 74.7% | ||
| Q2 24 | — | 57.8% | ||
| Q1 24 | — | — |
| Q4 25 | 18.4% | — | ||
| Q3 25 | 11.5% | 15.2% | ||
| Q2 25 | 11.9% | 23.7% | ||
| Q1 25 | 10.6% | -1.3% | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 9.7% | 13.6% | ||
| Q2 24 | 14.3% | 20.5% | ||
| Q1 24 | 15.9% | — |
| Q4 25 | 14.5% | — | ||
| Q3 25 | 9.2% | 12.9% | ||
| Q2 25 | 9.0% | 19.1% | ||
| Q1 25 | 8.3% | -14.7% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 7.6% | 10.6% | ||
| Q2 24 | 11.0% | 7.7% | ||
| Q1 24 | 12.7% | — |
| Q4 25 | $3.59 | — | ||
| Q3 25 | $2.58 | $1.15 | ||
| Q2 25 | $2.07 | $0.99 | ||
| Q1 25 | $1.84 | $-0.24 | ||
| Q4 24 | $3.03 | — | ||
| Q3 24 | $2.16 | $0.87 | ||
| Q2 24 | $2.49 | $0.38 | ||
| Q1 24 | $2.89 | — |
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 | $3.0B |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $4.8B | $803.5M |
| Total Assets | $32.6B | $11.5B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.8B | $3.0B | ||
| Q2 25 | $1.3B | $2.6B | ||
| Q1 25 | $1.3B | $2.8B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.1B | $1.8B | ||
| Q1 24 | $1.1B | — |
| 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 | — | ||
| Q3 25 | $4.7B | $803.5M | ||
| Q2 25 | $4.5B | $278.3M | ||
| Q1 25 | $4.4B | $-267.5M | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.7B | $-688.9M | ||
| Q2 24 | $4.4B | $-1.1B | ||
| Q1 24 | $4.2B | — |
| Q4 25 | $32.6B | — | ||
| Q3 25 | $33.8B | $11.5B | ||
| Q2 25 | $30.7B | $11.1B | ||
| Q1 25 | $30.3B | $10.7B | ||
| Q4 24 | $30.8B | — | ||
| Q3 24 | $32.6B | — | ||
| Q2 24 | $29.9B | — | ||
| Q1 24 | $30.0B | — |
| 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 | $663.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.62× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | — | ||
| Q3 25 | $216.0M | $663.9M | ||
| Q2 25 | $191.0M | $470.7M | ||
| Q1 25 | $342.0M | $587.9M | ||
| Q4 24 | $674.0M | — | ||
| Q3 24 | $459.0M | $828.7M | ||
| Q2 24 | $-88.0M | $419.8M | ||
| Q1 24 | $107.0M | — |
| Q4 25 | 2.62× | — | ||
| Q3 25 | 1.00× | 1.29× | ||
| Q2 25 | 1.10× | 1.07× | ||
| Q1 25 | 2.22× | — | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 2.54× | 2.18× | ||
| Q2 24 | -0.42× | 2.63× | ||
| 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% |
VIK
Segment breakdown not available.
