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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
Workday, Inc. is the larger business by last-quarter revenue ($2.4B vs $2.1B, roughly 1.2× AMERICAN FINANCIAL GROUP INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs 10.4%, a 4.1% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs -4.0%). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs 4.0%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
Workday, Inc. is a leading global enterprise cloud software provider that develops and distributes human capital management, financial management, and enterprise resource planning solutions. It caters primarily to mid-sized and large organizations across sectors including education, healthcare, finance, and technology, with operations spanning North America, Europe, and Asia Pacific.
AFG vs WDAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.4B |
| Net Profit | $299.0M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | 18.4% | 10.6% |
| Net Margin | 14.5% | 10.4% |
| Revenue YoY | -4.0% | 12.6% |
| Net Profit YoY | 17.3% | 30.6% |
| EPS (diluted) | $3.59 | $0.94 |
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 | $2.4B | ||
| Q3 25 | $2.3B | $2.3B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.9B | $2.2B | ||
| Q4 24 | $2.1B | $2.2B | ||
| Q3 24 | $2.4B | $2.1B | ||
| Q2 24 | $1.9B | $2.0B | ||
| Q1 24 | $1.9B | $1.9B |
| Q4 25 | $299.0M | $252.0M | ||
| Q3 25 | $215.0M | $228.0M | ||
| Q2 25 | $174.0M | $68.0M | ||
| Q1 25 | $154.0M | $94.0M | ||
| Q4 24 | $255.0M | $193.0M | ||
| Q3 24 | $181.0M | $132.0M | ||
| Q2 24 | $209.0M | $107.0M | ||
| Q1 24 | $242.0M | $1.2B |
| Q4 25 | 18.4% | 10.6% | ||
| Q3 25 | 11.5% | 10.6% | ||
| Q2 25 | 11.9% | 1.7% | ||
| Q1 25 | 10.6% | 3.4% | ||
| Q4 24 | 14.9% | 7.6% | ||
| Q3 24 | 9.7% | 5.3% | ||
| Q2 24 | 14.3% | 3.2% | ||
| Q1 24 | 15.9% | 4.1% |
| Q4 25 | 14.5% | 10.4% | ||
| Q3 25 | 9.2% | 9.7% | ||
| Q2 25 | 9.0% | 3.0% | ||
| Q1 25 | 8.3% | 4.3% | ||
| Q4 24 | 11.9% | 8.9% | ||
| Q3 24 | 7.6% | 6.3% | ||
| Q2 24 | 11.0% | 5.4% | ||
| Q1 24 | 12.7% | 61.8% |
| Q4 25 | $3.59 | $0.94 | ||
| Q3 25 | $2.58 | $0.84 | ||
| Q2 25 | $2.07 | $0.25 | ||
| Q1 25 | $1.84 | $0.34 | ||
| Q4 24 | $3.03 | $0.72 | ||
| Q3 24 | $2.16 | $0.49 | ||
| Q2 24 | $2.49 | $0.40 | ||
| Q1 24 | $2.89 | $4.48 |
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 | $6.8B |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $4.8B | $8.9B |
| Total Assets | $32.6B | $17.8B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $6.8B | ||
| Q3 25 | $1.8B | $8.2B | ||
| Q2 25 | $1.3B | $8.0B | ||
| Q1 25 | $1.3B | $8.0B | ||
| Q4 24 | $1.4B | $7.2B | ||
| Q3 24 | $1.3B | $7.4B | ||
| Q2 24 | $1.1B | $7.2B | ||
| Q1 24 | $1.1B | $7.8B |
| 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 | $3.0B | ||
| Q1 24 | $1.5B | $3.0B |
| Q4 25 | $4.8B | $8.9B | ||
| Q3 25 | $4.7B | $9.2B | ||
| Q2 25 | $4.5B | $8.9B | ||
| Q1 25 | $4.4B | $9.0B | ||
| Q4 24 | $4.5B | $8.6B | ||
| Q3 24 | $4.7B | $8.3B | ||
| Q2 24 | $4.4B | $8.2B | ||
| Q1 24 | $4.2B | $8.1B |
| Q4 25 | $32.6B | $17.8B | ||
| Q3 25 | $33.8B | $18.0B | ||
| Q2 25 | $30.7B | $17.2B | ||
| Q1 25 | $30.3B | $18.0B | ||
| Q4 24 | $30.8B | $16.4B | ||
| Q3 24 | $32.6B | $16.2B | ||
| Q2 24 | $29.9B | $15.9B | ||
| Q1 24 | $30.0B | $16.5B |
| 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× | 0.37× | ||
| Q1 24 | 0.35× | 0.37× |
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 | $588.0M |
| Free Cash FlowOCF − Capex | — | $550.0M |
| FCF MarginFCF / Revenue | — | 22.6% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 2.62× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | $588.0M | ||
| Q3 25 | $216.0M | $616.0M | ||
| Q2 25 | $191.0M | $457.0M | ||
| Q1 25 | $342.0M | $1.1B | ||
| Q4 24 | $674.0M | $406.0M | ||
| Q3 24 | $459.0M | $571.0M | ||
| Q2 24 | $-88.0M | $372.0M | ||
| Q1 24 | $107.0M | $995.6M |
| Q4 25 | — | $550.0M | ||
| Q3 25 | — | $588.0M | ||
| Q2 25 | — | $421.0M | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $359.0M | ||
| Q3 24 | — | $516.0M | ||
| Q2 24 | — | $291.0M | ||
| Q1 24 | — | $947.6M |
| Q4 25 | — | 22.6% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 46.4% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 14.6% | ||
| Q1 24 | — | 49.3% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 2.62× | 2.33× | ||
| Q3 25 | 1.00× | 2.70× | ||
| Q2 25 | 1.10× | 6.72× | ||
| Q1 25 | 2.22× | 11.83× | ||
| Q4 24 | 2.64× | 2.10× | ||
| Q3 24 | 2.54× | 4.33× | ||
| Q2 24 | -0.42× | 3.48× | ||
| Q1 24 | 0.44× | 0.84× |
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% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
