Aflac Incorporated (AFL) vs Discover Financial Services (DFS)
DFS leads on 11 of 13 compared metrics.
A side-by-side comparison of Aflac Incorporated and Discover Financial Services across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
AFL
Aflac Incorporated
$117.80Financial Services
DFS
Discover Financial Services
$200.05Financial Services
Total return — AFL vs DFS
growth of $100 · last 18yAFL +298.4%DFS +595.8%DFS compounded faster
AFL DFS
AFL vs DFS: by the numbers
- •AFL is the larger company ($59.96B vs $50.34B market cap).
- •DFS trades at the lower earnings multiple (10.67 vs 13.45 P/E).
- •AFL converts more revenue to profit (25.44% vs 21.65% net margin).
- •DFS grew revenue faster over the past five years (13.84% vs -4.37% CAGR).
- •AFL pays the higher dividend yield (2.02% vs 1.40%).
Which is better, AFL or DFS?
Metric tally: AFL 2 · DFS 11It depends on what you're optimizing for:
ValueDFS(lower P/E)
GrowthDFS(faster 5Y revenue CAGR)
IncomeAFL(higher dividend yield)
QualityDFS(higher ROIC)
Metrics side by side
Valuation
| Metric | AFL | DFS |
|---|---|---|
| P/E ratio | 13.45 | 10.67● |
| Forward P/E | 16.68 | 12.59● |
| P/S ratio | 3.33 | 2.28● |
| P/B ratio | 2.70 | 2.66 |
| PEG ratio | 26.89 | 0.15● |
Profitability
| Metric | AFL | DFS |
|---|---|---|
| Gross margin | 47.76% | 65.86%● |
| Operating margin | 30.97% | 34.55%● |
| Net margin | 25.44%● | 21.65% |
| ROE | 20.66% | 25.29%● |
| ROIC | 3.21% | 32.48%● |
Dividends
| Metric | AFL | DFS |
|---|---|---|
| Dividend yield | 2.02%● | 1.40% |
| Payout ratio | 34.69% | 15.81% |
Growth (annualized)
| Metric | AFL | DFS |
|---|---|---|
| Revenue CAGR (5Y) | -4.37% | 13.84%● |
| EPS CAGR (5Y) | 0.50% | 14.26%● |
| Total return CAGR (5Y) | 18.59% | 42.63%● |
Frequently asked
- Which is better, AFL or DFS?
- It depends on your goal. value: DFS (lower P/E); growth: DFS (faster 5Y revenue CAGR); income: AFL (higher dividend yield); quality: DFS (higher ROIC). Across all compared metrics, DFS leads 11 to 2.
- Is AFL or DFS cheaper?
- On trailing earnings, DFS is cheaper: AFL trades at a 13.45 P/E and DFS at 10.67.
- Which has grown faster, AFL or DFS?
- Over the past five years, DFS grew revenue faster — AFL at a -4.37% CAGR versus DFS at 13.84%.
- Does AFL or DFS pay a bigger dividend?
- AFL yields 2.02% and DFS yields 1.40% based on trailing dividends and the latest price.
- Is AFL or DFS more profitable?
- AFL runs the higher net margin — AFL at 25.44% versus DFS at 21.65%.
- Which has been the better investment, AFL or DFS?
- Over the past 10-year, AFL delivered the higher annualized total return — AFL at 15.72% versus DFS at 15.34%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Aflac P/E ratioDiscover Financial Services P/E ratioAflac dividend yieldDiscover Financial Services dividend yieldAflac ROEDiscover Financial Services ROEAflac operating marginDiscover Financial Services operating marginAflac revenue growthDiscover Financial Services revenue growthAflac free cash flowDiscover Financial Services free cash flow
Aflac & Discover Financial Services appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 14, 2026.