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Side-by-side financial comparison of Baidu, Inc. (BIDU) 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 $5.0B, roughly 1.3× Baidu, Inc.). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 7.0% vs 6.0%, a 1.0% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 14.0%). Over the past eight quarters, Baidu, Inc.'s revenue compounded faster (7.5% CAGR vs 2.3%).
Baidu, Inc. is a Chinese multinational technology company specializing in Internet services and artificial intelligence. It holds a dominant position in China's search engine market, and provides a wide variety of other internet services such as Baidu App, Baidu Baike, iQIYI, and Baidu Tieba.
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.
BIDU vs RGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.0B | $6.6B |
| Net Profit | $300.0M | $463.0M |
| Gross Margin | 41.0% | — |
| Operating Margin | 4.1% | 7.7% |
| Net Margin | 6.0% | 7.0% |
| Revenue YoY | 14.0% | 26.6% |
| Net Profit YoY | -47.1% | 212.8% |
| EPS (diluted) | $0.53 | $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.
| Q4 25 | $5.0B | $6.6B | ||
| Q3 25 | $4.4B | $6.2B | ||
| Q2 25 | $4.6B | $5.6B | ||
| Q1 25 | $4.5B | $5.3B | ||
| Q4 24 | $4.4B | $5.2B | ||
| Q3 24 | $4.8B | $5.7B | ||
| Q2 24 | $4.7B | $4.9B | ||
| Q1 24 | $4.4B | $6.3B |
| Q4 25 | $300.0M | $463.0M | ||
| Q3 25 | $-1.6B | $253.0M | ||
| Q2 25 | $1.0B | $180.0M | ||
| Q1 25 | $1.1B | $286.0M | ||
| Q4 24 | $567.0M | $148.0M | ||
| Q3 24 | $1.1B | $156.0M | ||
| Q2 24 | $768.0M | $203.0M | ||
| Q1 24 | $811.0M | $210.0M |
| Q4 25 | 41.0% | — | ||
| Q3 25 | 41.2% | — | ||
| Q2 25 | 43.9% | — | ||
| Q1 25 | 46.1% | — | ||
| Q4 24 | 49.9% | — | ||
| Q3 24 | 51.1% | — | ||
| Q2 24 | 51.7% | — | ||
| Q1 24 | 51.5% | — |
| Q4 25 | 4.1% | 7.7% | ||
| Q3 25 | -48.4% | 5.2% | ||
| Q2 25 | 10.0% | 6.1% | ||
| Q1 25 | 13.9% | 7.0% | ||
| Q4 24 | 11.1% | 4.3% | ||
| Q3 24 | 17.6% | 3.8% | ||
| Q2 24 | 17.5% | 5.5% | ||
| Q1 24 | 17.4% | 4.3% |
| Q4 25 | 6.0% | 7.0% | ||
| Q3 25 | -36.3% | 4.1% | ||
| Q2 25 | 22.2% | 3.2% | ||
| Q1 25 | 24.1% | 5.4% | ||
| Q4 24 | 12.8% | 2.8% | ||
| Q3 24 | 23.2% | 2.8% | ||
| Q2 24 | 16.4% | 4.2% | ||
| Q1 24 | 18.6% | 3.3% |
| Q4 25 | $0.53 | $6.91 | ||
| Q3 25 | $-4.76 | $3.81 | ||
| Q2 25 | $2.84 | $2.70 | ||
| Q1 25 | $2.98 | $4.27 | ||
| Q4 24 | $1.95 | $2.21 | ||
| Q3 24 | $3.08 | $2.33 | ||
| Q2 24 | — | $3.03 | ||
| Q1 24 | $2.07 | $3.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.5B | $4.2B |
| Total DebtLower is stronger | $5.9B | $5.7B |
| Stockholders' EquityBook value | $38.1B | $13.5B |
| Total Assets | $64.2B | $156.6B |
| Debt / EquityLower = less leverage | 0.16× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.5B | $4.2B | ||
| Q3 25 | $17.5B | $4.6B | ||
| Q2 25 | $17.3B | $5.4B | ||
| Q1 25 | $19.5B | $5.2B | ||
| Q4 24 | $17.5B | $3.3B | ||
| Q3 24 | $18.9B | $5.2B | ||
| Q2 24 | — | $4.6B | ||
| Q1 24 | — | $5.9B |
| Q4 25 | $5.9B | $5.7B | ||
| Q3 25 | $2.5B | $5.7B | ||
| Q2 25 | $2.4B | $5.7B | ||
| Q1 25 | $2.3B | $5.7B | ||
| Q4 24 | $4.9B | $5.0B | ||
| Q3 24 | $2.1B | $5.1B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $38.1B | $13.5B | ||
| Q3 25 | $38.6B | $13.0B | ||
| Q2 25 | $39.8B | $12.1B | ||
| Q1 25 | $38.6B | $11.4B | ||
| Q4 24 | $36.1B | $10.8B | ||
| Q3 24 | $38.5B | $11.1B | ||
| Q2 24 | — | $9.7B | ||
| Q1 24 | — | $9.5B |
| Q4 25 | $64.2B | $156.6B | ||
| Q3 25 | $62.4B | $152.0B | ||
| Q2 25 | $62.9B | $133.5B | ||
| Q1 25 | $62.6B | $128.2B | ||
| Q4 24 | $58.6B | $118.7B | ||
| Q3 24 | $59.5B | $120.3B | ||
| Q2 24 | — | $109.9B | ||
| Q1 24 | — | $106.0B |
| Q4 25 | 0.16× | 0.42× | ||
| Q3 25 | 0.07× | 0.44× | ||
| Q2 25 | 0.06× | 0.48× | ||
| Q1 25 | 0.06× | 0.50× | ||
| Q4 24 | 0.14× | 0.47× | ||
| Q3 24 | 0.05× | 0.46× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.47× |
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 | $1.5B | $7.3B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 5.08× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $7.3B | ||
| Q3 25 | — | $-990.0M | ||
| Q2 25 | $-6.3B | $-820.0M | ||
| Q1 25 | — | $-1.4B | ||
| Q4 24 | $4.0B | $17.1B | ||
| Q3 24 | — | $-1.1B | ||
| Q2 24 | $5.3B | $-967.0M | ||
| Q1 24 | — | $-5.7B |
| Q4 25 | 5.08× | 15.83× | ||
| Q3 25 | — | -3.91× | ||
| Q2 25 | -6.26× | -4.56× | ||
| Q1 25 | — | -5.00× | ||
| Q4 24 | 7.12× | 115.81× | ||
| Q3 24 | — | -6.84× | ||
| Q2 24 | 6.88× | -4.76× | ||
| Q1 24 | — | -27.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIDU
| Legacy Business | $1.8B | 35% |
| Baidu Core AI-powered Business | $1.6B | 32% |
| Other | $1.3B | 26% |
| Others | $357.5M | 7% |
RGA
Segment breakdown not available.
