Arthur J. Gallagher & Co. (AJG) vs Discover Financial Services (DFS)
DFS leads on 14 of 16 compared metrics.
A side-by-side comparison of Arthur J. Gallagher & Co. and Discover Financial Services across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
AJG
Arthur J. Gallagher & Co.
$218.69Financial Services
DFS
Discover Financial Services
$200.05Financial Services
Total return — AJG vs DFS
growth of $100 · last 18yAJG +1077.7%DFS +595.8%AJG compounded faster
AJG DFS
AJG vs DFS: by the numbers
- •AJG is the larger company ($56.19B vs $50.34B market cap).
- •DFS trades at the lower earnings multiple (10.67 vs 35.33 P/E).
- •DFS converts more revenue to profit (21.65% vs 10.76% net margin).
- •AJG grew revenue faster over the past five years (15.44% vs 13.84% CAGR).
- •DFS pays the higher dividend yield (1.40% vs 1.23%).
Which is better, AJG or DFS?
Metric tally: AJG 2 · DFS 14It depends on what you're optimizing for:
ValueDFS(lower P/E)
GrowthAJG(faster 5Y revenue CAGR)
IncomeDFS(higher dividend yield)
QualityDFS(higher ROIC)
Valuation
| Metric | AJG | DFS |
|---|---|---|
| P/E ratio | 35.33 | 10.67● |
| Forward P/E | 16.46 | 12.59● |
| P/S ratio | 3.79 | 2.28● |
| P/B ratio | 2.39● | 2.66 |
| PEG ratio | 5.58 | 0.15● |
| EV / EBITDA | 14.44 | 6.75● |
| FCF yield | 3.28% | 16.78%● |
Profitability
| Metric | AJG | DFS |
|---|---|---|
| Gross margin | 65.99% | 65.86% |
| Operating margin | 18.17% | 34.55%● |
| Net margin | 10.76% | 21.65%● |
| ROE | 6.78% | 25.29%● |
| ROIC | 5.25% | 32.48%● |
Dividends
| Metric | AJG | DFS |
|---|---|---|
| Dividend yield | 1.23% | 1.40%● |
| Payout ratio | 46.31% | 15.81% |
Growth (annualized)
| Metric | AJG | DFS |
|---|---|---|
| Revenue CAGR (5Y) | 15.44%● | 13.84% |
| EPS CAGR (5Y) | 6.33% | 14.26%● |
| FCF CAGR (5Y) | 0.32% | 9.87%● |
| Total return CAGR (5Y) | 9.76% | 42.63%● |
Frequently asked
- Which is better, AJG or DFS?
- It depends on your goal. value: DFS (lower P/E); growth: AJG (faster 5Y revenue CAGR); income: DFS (higher dividend yield); quality: DFS (higher ROIC). Across all compared metrics, DFS leads 14 to 2.
- Is AJG or DFS cheaper?
- On trailing earnings, DFS is cheaper: AJG trades at a 35.33 P/E and DFS at 10.67.
- Which has grown faster, AJG or DFS?
- Over the past five years, AJG grew revenue faster — AJG at a 15.44% CAGR versus DFS at 13.84%.
- Does AJG or DFS pay a bigger dividend?
- AJG yields 1.23% and DFS yields 1.40% based on trailing dividends and the latest price.
- Is AJG or DFS more profitable?
- DFS runs the higher net margin — AJG at 10.76% versus DFS at 21.65%.
- Which has been the better investment, AJG or DFS?
- Over the past 10-year, AJG delivered the higher annualized total return — AJG at 18.24% versus DFS at 15.34%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Arthur J. Gallagher & P/E ratioDiscover Financial Services P/E ratioArthur J. Gallagher & dividend yieldDiscover Financial Services dividend yieldArthur J. Gallagher & ROEDiscover Financial Services ROEArthur J. Gallagher & operating marginDiscover Financial Services operating marginArthur J. Gallagher & revenue growthDiscover Financial Services revenue growthArthur J. Gallagher & free cash flowDiscover Financial Services free cash flow
Arthur J. Gallagher & & 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 13, 2026.