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Side-by-side financial comparison of agilon health, inc. (AGL) and Western Midstream Partners, LP (WES). Click either name above to swap in a different company.

agilon health, inc. is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.4× Western Midstream Partners, LP). Western Midstream Partners, LP runs the higher net margin — 18.5% vs 0.0%, a 18.5% gap on every dollar of revenue. On growth, Western Midstream Partners, LP posted the faster year-over-year revenue change (11.0% vs -3.0%). Over the past eight quarters, Western Midstream Partners, LP's revenue compounded faster (7.8% CAGR vs -2.1%).

agilon health, inc. is a U.S.-based healthcare company partnering with primary care providers to deliver value-based care solutions mainly for senior Medicare beneficiaries. It offers administrative support, clinical tools and risk management frameworks to help physicians improve patient outcomes and cut care costs, operating across over 20 U.S. states.

Sunoco LP is an American vehicle gasoline master limited partnership company organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.

AGL vs WES — Head-to-Head

Bigger by revenue
AGL
AGL
1.4× larger
AGL
$1.4B
$1.0B
WES
Growing faster (revenue YoY)
WES
WES
+14.0% gap
WES
11.0%
-3.0%
AGL
Higher net margin
WES
WES
18.5% more per $
WES
18.5%
0.0%
AGL
Faster 2-yr revenue CAGR
WES
WES
Annualised
WES
7.8%
-2.1%
AGL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AGL
AGL
WES
WES
Revenue
$1.4B
$1.0B
Net Profit
$49.0K
$190.7M
Gross Margin
Operating Margin
29.7%
Net Margin
0.0%
18.5%
Revenue YoY
-3.0%
11.0%
Net Profit YoY
-42.8%
EPS (diluted)

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
AGL
AGL
WES
WES
Q1 26
$1.4B
Q4 25
$1.6B
$1.0B
Q3 25
$1.4B
$952.3M
Q2 25
$1.4B
$942.1M
Q1 25
$1.5B
$916.9M
Q4 24
$1.5B
$928.4M
Q3 24
$1.5B
$883.1M
Q2 24
$1.5B
$905.4M
Net Profit
AGL
AGL
WES
WES
Q1 26
$49.0K
Q4 25
$-188.9M
$190.7M
Q3 25
$-110.2M
$339.6M
Q2 25
$-104.4M
$341.7M
Q1 25
$12.1M
$309.0M
Q4 24
$-105.8M
$333.6M
Q3 24
$-117.6M
$288.5M
Q2 24
$-30.7M
$378.6M
Operating Margin
AGL
AGL
WES
WES
Q1 26
Q4 25
-12.3%
29.7%
Q3 25
-9.1%
46.4%
Q2 25
-8.3%
47.2%
Q1 25
-1.4%
44.7%
Q4 24
-7.1%
45.9%
Q3 24
-9.2%
44.8%
Q2 24
-2.9%
51.9%
Net Margin
AGL
AGL
WES
WES
Q1 26
0.0%
Q4 25
-12.0%
18.5%
Q3 25
-7.7%
35.7%
Q2 25
-7.5%
36.3%
Q1 25
0.8%
33.7%
Q4 24
-6.9%
35.9%
Q3 24
-8.1%
32.7%
Q2 24
-2.1%
41.8%

Balance Sheet & Financial Strength

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

Metric
AGL
AGL
WES
WES
Cash + ST InvestmentsLiquidity on hand
$140.0M
$819.5M
Total DebtLower is stronger
$15.3M
$8.2B
Stockholders' EquityBook value
Total Assets
$1.5B
$15.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGL
AGL
WES
WES
Q1 26
$140.0M
Q4 25
$173.7M
$819.5M
Q3 25
$171.7M
$177.3M
Q2 25
$171.4M
$129.7M
Q1 25
$136.9M
$448.4M
Q4 24
$188.2M
$1.1B
Q3 24
$148.2M
$1.1B
Q2 24
$109.5M
$344.1M
Total Debt
AGL
AGL
WES
WES
Q1 26
$15.3M
Q4 25
$35.0M
$8.2B
Q3 25
$6.9B
Q2 25
$6.9B
Q1 25
$6.9B
Q4 24
$6.9B
Q3 24
$6.9B
Q2 24
$7.1B
Stockholders' Equity
AGL
AGL
WES
WES
Q1 26
Q4 25
$126.7M
Q3 25
$306.1M
Q2 25
$408.9M
Q1 25
$500.3M
Q4 24
$471.0M
Q3 24
$574.9M
Q2 24
$676.6M
Total Assets
AGL
AGL
WES
WES
Q1 26
$1.5B
Q4 25
$1.3B
$15.0B
Q3 25
$1.6B
$12.1B
Q2 25
$1.7B
$12.2B
Q1 25
$1.9B
$12.5B
Q4 24
$1.7B
$13.1B
Q3 24
$2.1B
$13.0B
Q2 24
$2.2B
$12.2B
Debt / Equity
AGL
AGL
WES
WES
Q1 26
Q4 25
0.28×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AGL
AGL
WES
WES
Operating Cash FlowLast quarter
$557.6M
Free Cash FlowOCF − Capex
$335.4M
FCF MarginFCF / Revenue
32.6%
Capex IntensityCapex / Revenue
21.6%
Cash ConversionOCF / Net Profit
2.92×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGL
AGL
WES
WES
Q1 26
Q4 25
$-20.5M
$557.6M
Q3 25
$-18.2M
$570.2M
Q2 25
$-35.1M
$564.0M
Q1 25
$-32.0M
$530.8M
Q4 24
$16.4M
$554.4M
Q3 24
$-7.7M
$551.3M
Q2 24
$-18.7M
$631.4M
Free Cash Flow
AGL
AGL
WES
WES
Q1 26
Q4 25
$-23.5M
$335.4M
Q3 25
$-21.3M
$385.5M
Q2 25
$-38.3M
$385.4M
Q1 25
$-35.8M
$388.4M
Q4 24
$13.2M
$315.7M
Q3 24
$-11.2M
$361.9M
Q2 24
$-22.0M
$419.6M
FCF Margin
AGL
AGL
WES
WES
Q1 26
Q4 25
-1.5%
32.6%
Q3 25
-1.5%
40.5%
Q2 25
-2.7%
40.9%
Q1 25
-2.3%
42.4%
Q4 24
0.9%
34.0%
Q3 24
-0.8%
41.0%
Q2 24
-1.5%
46.3%
Capex Intensity
AGL
AGL
WES
WES
Q1 26
Q4 25
0.2%
21.6%
Q3 25
0.2%
19.4%
Q2 25
0.2%
19.0%
Q1 25
0.3%
15.5%
Q4 24
0.2%
25.7%
Q3 24
0.2%
21.5%
Q2 24
0.2%
23.4%
Cash Conversion
AGL
AGL
WES
WES
Q1 26
Q4 25
2.92×
Q3 25
1.68×
Q2 25
1.65×
Q1 25
-2.64×
1.72×
Q4 24
1.66×
Q3 24
1.91×
Q2 24
1.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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