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Side-by-side financial comparison of AECOM (ACM) and REINSURANCE GROUP OF AMERICA INC (RGA). Click either name above to swap in a different company.

REINSURANCE GROUP OF AMERICA INC is the larger business by last-quarter revenue ($6.6B vs $3.8B, roughly 1.7× AECOM). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 7.0% vs 1.9%, a 5.0% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 1.6%). Over the past eight quarters, REINSURANCE GROUP OF AMERICA INC's revenue compounded faster (2.3% CAGR vs -1.4%).

AECOM is an American multinational infrastructure consulting firm headquartered in Dallas, Texas.

Reinsurance Group of America, Incorporated is a holding company for a global life and health reinsurance entity based in Greater St. Louis within the western suburb of Chesterfield, Missouri, United States. With approximately $3.9 trillion of life reinsurance in force and assets of $118.7 billion as of December 31, 2024, RGA has grown to become the only international company to focus primarily on life and health-related reinsurance.

ACM vs RGA — Head-to-Head

Bigger by revenue
RGA
RGA
1.7× larger
RGA
$6.6B
$3.8B
ACM
Growing faster (revenue YoY)
RGA
RGA
+25.0% gap
RGA
26.6%
1.6%
ACM
Higher net margin
RGA
RGA
5.0% more per $
RGA
7.0%
1.9%
ACM
Faster 2-yr revenue CAGR
RGA
RGA
Annualised
RGA
2.3%
-1.4%
ACM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ACM
ACM
RGA
RGA
Revenue
$3.8B
$6.6B
Net Profit
$74.5M
$463.0M
Gross Margin
7.3%
Operating Margin
5.8%
7.7%
Net Margin
1.9%
7.0%
Revenue YoY
1.6%
26.6%
Net Profit YoY
-48.0%
212.8%
EPS (diluted)
$0.56
$6.91

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
ACM
ACM
RGA
RGA
Q1 26
$3.8B
Q4 25
$6.6B
Q3 25
$4.2B
$6.2B
Q2 25
$4.2B
$5.6B
Q1 25
$3.8B
$5.3B
Q4 24
$4.0B
$5.2B
Q3 24
$4.1B
$5.7B
Q2 24
$4.2B
$4.9B
Net Profit
ACM
ACM
RGA
RGA
Q1 26
$74.5M
Q4 25
$463.0M
Q3 25
$120.4M
$253.0M
Q2 25
$131.0M
$180.0M
Q1 25
$143.4M
$286.0M
Q4 24
$167.0M
$148.0M
Q3 24
$172.5M
$156.0M
Q2 24
$134.3M
$203.0M
Gross Margin
ACM
ACM
RGA
RGA
Q1 26
7.3%
Q4 25
Q3 25
7.9%
Q2 25
7.8%
Q1 25
7.7%
Q4 24
6.7%
Q3 24
7.2%
Q2 24
6.9%
Operating Margin
ACM
ACM
RGA
RGA
Q1 26
5.8%
Q4 25
7.7%
Q3 25
5.7%
5.2%
Q2 25
7.0%
6.1%
Q1 25
6.8%
7.0%
Q4 24
5.9%
4.3%
Q3 24
5.8%
3.8%
Q2 24
5.5%
5.5%
Net Margin
ACM
ACM
RGA
RGA
Q1 26
1.9%
Q4 25
7.0%
Q3 25
2.9%
4.1%
Q2 25
3.1%
3.2%
Q1 25
3.8%
5.4%
Q4 24
4.2%
2.8%
Q3 24
4.2%
2.8%
Q2 24
3.2%
4.2%
EPS (diluted)
ACM
ACM
RGA
RGA
Q1 26
$0.56
Q4 25
$6.91
Q3 25
$0.90
$3.81
Q2 25
$0.98
$2.70
Q1 25
$1.08
$4.27
Q4 24
$1.25
$2.21
Q3 24
$1.27
$2.33
Q2 24
$0.98
$3.03

Balance Sheet & Financial Strength

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

Metric
ACM
ACM
RGA
RGA
Cash + ST InvestmentsLiquidity on hand
$1.2B
$4.2B
Total DebtLower is stronger
$2.6B
$5.7B
Stockholders' EquityBook value
$2.2B
$13.5B
Total Assets
$11.9B
$156.6B
Debt / EquityLower = less leverage
1.18×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACM
ACM
RGA
RGA
Q1 26
$1.2B
Q4 25
$4.2B
Q3 25
$1.6B
$4.6B
Q2 25
$1.8B
$5.4B
Q1 25
$1.6B
$5.2B
Q4 24
$1.6B
$3.3B
Q3 24
$1.6B
$5.2B
Q2 24
$1.6B
$4.6B
Total Debt
ACM
ACM
RGA
RGA
Q1 26
$2.6B
Q4 25
$5.7B
Q3 25
$2.6B
$5.7B
Q2 25
$2.5B
$5.7B
Q1 25
$2.5B
$5.7B
Q4 24
$2.5B
$5.0B
Q3 24
$2.5B
$5.1B
Q2 24
$2.5B
$5.1B
Stockholders' Equity
ACM
ACM
RGA
RGA
Q1 26
$2.2B
Q4 25
$13.5B
Q3 25
$2.5B
$13.0B
Q2 25
$2.5B
$12.1B
Q1 25
$2.3B
$11.4B
Q4 24
$2.2B
$10.8B
Q3 24
$2.2B
$11.1B
Q2 24
$2.3B
$9.7B
Total Assets
ACM
ACM
RGA
RGA
Q1 26
$11.9B
Q4 25
$156.6B
Q3 25
$12.2B
$152.0B
Q2 25
$12.3B
$133.5B
Q1 25
$11.8B
$128.2B
Q4 24
$11.8B
$118.7B
Q3 24
$12.1B
$120.3B
Q2 24
$12.0B
$109.9B
Debt / Equity
ACM
ACM
RGA
RGA
Q1 26
1.18×
Q4 25
0.42×
Q3 25
1.06×
0.44×
Q2 25
0.99×
0.48×
Q1 25
1.07×
0.50×
Q4 24
1.11×
0.47×
Q3 24
1.12×
0.46×
Q2 24
1.07×
0.52×

Cash Flow & Capital Efficiency

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

Metric
ACM
ACM
RGA
RGA
Operating Cash FlowLast quarter
$70.2M
$7.3B
Free Cash FlowOCF − Capex
$41.9M
FCF MarginFCF / Revenue
1.1%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
0.94×
15.83×
TTM Free Cash FlowTrailing 4 quarters
$616.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACM
ACM
RGA
RGA
Q1 26
$70.2M
Q4 25
$7.3B
Q3 25
$196.1M
$-990.0M
Q2 25
$283.7M
$-820.0M
Q1 25
$190.7M
$-1.4B
Q4 24
$151.1M
$17.1B
Q3 24
$298.8M
$-1.1B
Q2 24
$291.3M
$-967.0M
Free Cash Flow
ACM
ACM
RGA
RGA
Q1 26
$41.9M
Q4 25
Q3 25
$134.1M
Q2 25
$261.7M
Q1 25
$178.3M
Q4 24
$110.9M
Q3 24
$274.5M
Q2 24
$272.8M
FCF Margin
ACM
ACM
RGA
RGA
Q1 26
1.1%
Q4 25
Q3 25
3.2%
Q2 25
6.3%
Q1 25
4.7%
Q4 24
2.8%
Q3 24
6.7%
Q2 24
6.6%
Capex Intensity
ACM
ACM
RGA
RGA
Q1 26
0.7%
Q4 25
Q3 25
1.5%
Q2 25
0.5%
Q1 25
0.3%
Q4 24
1.0%
Q3 24
0.6%
Q2 24
0.4%
Cash Conversion
ACM
ACM
RGA
RGA
Q1 26
0.94×
Q4 25
15.83×
Q3 25
1.63×
-3.91×
Q2 25
2.17×
-4.56×
Q1 25
1.33×
-5.00×
Q4 24
0.90×
115.81×
Q3 24
1.73×
-6.84×
Q2 24
2.17×
-4.76×

Financial Flow Comparison

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

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