vs
Side-by-side financial comparison of CBRE Group (CBRE) and REINSURANCE GROUP OF AMERICA INC (RGA). Click either name above to swap in a different company.
CBRE Group is the larger business by last-quarter revenue ($11.5B vs $6.6B, roughly 1.7× REINSURANCE GROUP OF AMERICA INC). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 7.0% vs 3.6%, a 3.3% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 12.3%). Over the past eight quarters, CBRE Group's revenue compounded faster (21.1% CAGR vs 2.3%).
CBRE can refer to:Canadian Brotherhood of Railway Employees, a railway trade union in Canada Chemical, Biological, Radiological and Explosive Defence Group, a counter-terrorism unit in Singapore CBRE Group, a multinational real estate corporation Certified broadcast radio engineer, a professional title regulated by The Society of Broadcast Engineers
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.
CBRE vs RGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.5B | $6.6B |
| Net Profit | $416.0M | $463.0M |
| Gross Margin | 17.3% | — |
| Operating Margin | 5.4% | 7.7% |
| Net Margin | 3.6% | 7.0% |
| Revenue YoY | 12.3% | 26.6% |
| Net Profit YoY | -14.6% | 212.8% |
| EPS (diluted) | $1.38 | $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 | $11.5B | $6.6B | ||
| Q3 25 | $10.1B | $6.2B | ||
| Q2 25 | $9.6B | $5.6B | ||
| Q1 25 | $8.8B | $5.3B | ||
| Q4 24 | $10.2B | $5.2B | ||
| Q3 24 | $8.8B | $5.7B | ||
| Q2 24 | $8.2B | $4.9B | ||
| Q1 24 | $7.8B | $6.3B |
| Q4 25 | $416.0M | $463.0M | ||
| Q3 25 | $363.0M | $253.0M | ||
| Q2 25 | $215.0M | $180.0M | ||
| Q1 25 | $163.0M | $286.0M | ||
| Q4 24 | $487.0M | $148.0M | ||
| Q3 24 | $225.0M | $156.0M | ||
| Q2 24 | $130.0M | $203.0M | ||
| Q1 24 | $126.0M | $210.0M |
| Q4 25 | 17.3% | — | ||
| Q3 25 | 17.7% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 17.6% | — | ||
| Q1 24 | 17.1% | — |
| Q4 25 | 5.4% | 7.7% | ||
| Q3 25 | 4.8% | 5.2% | ||
| Q2 25 | 3.9% | 6.1% | ||
| Q1 25 | 3.1% | 7.0% | ||
| Q4 24 | 5.8% | 4.3% | ||
| Q3 24 | 4.2% | 3.8% | ||
| Q2 24 | 3.0% | 5.5% | ||
| Q1 24 | 2.6% | 4.3% |
| Q4 25 | 3.6% | 7.0% | ||
| Q3 25 | 3.6% | 4.1% | ||
| Q2 25 | 2.2% | 3.2% | ||
| Q1 25 | 1.9% | 5.4% | ||
| Q4 24 | 4.8% | 2.8% | ||
| Q3 24 | 2.5% | 2.8% | ||
| Q2 24 | 1.6% | 4.2% | ||
| Q1 24 | 1.6% | 3.3% |
| Q4 25 | $1.38 | $6.91 | ||
| Q3 25 | $1.21 | $3.81 | ||
| Q2 25 | $0.72 | $2.70 | ||
| Q1 25 | $0.54 | $4.27 | ||
| Q4 24 | $1.58 | $2.21 | ||
| Q3 24 | $0.73 | $2.33 | ||
| Q2 24 | $0.42 | $3.03 | ||
| Q1 24 | $0.41 | $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 | $1.9B | $4.2B |
| Total DebtLower is stronger | — | $5.7B |
| Stockholders' EquityBook value | $8.9B | $13.5B |
| Total Assets | $30.9B | $156.6B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $4.2B | ||
| Q3 25 | $1.7B | $4.6B | ||
| Q2 25 | $1.4B | $5.4B | ||
| Q1 25 | $1.4B | $5.2B | ||
| Q4 24 | $1.1B | $3.3B | ||
| Q3 24 | $1.0B | $5.2B | ||
| Q2 24 | $928.0M | $4.6B | ||
| Q1 24 | $1.0B | $5.9B |
| Q4 25 | — | $5.7B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $8.9B | $13.5B | ||
| Q3 25 | $8.5B | $13.0B | ||
| Q2 25 | $8.3B | $12.1B | ||
| Q1 25 | $8.3B | $11.4B | ||
| Q4 24 | $8.4B | $10.8B | ||
| Q3 24 | $8.7B | $11.1B | ||
| Q2 24 | $8.4B | $9.7B | ||
| Q1 24 | $8.3B | $9.5B |
| Q4 25 | $30.9B | $156.6B | ||
| Q3 25 | $28.6B | $152.0B | ||
| Q2 25 | $27.7B | $133.5B | ||
| Q1 25 | $26.4B | $128.2B | ||
| Q4 24 | $24.4B | $118.7B | ||
| Q3 24 | $24.8B | $120.3B | ||
| Q2 24 | $23.5B | $109.9B | ||
| Q1 24 | $23.0B | $106.0B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 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 | $1.2B | $7.3B |
| Free Cash FlowOCF − Capex | $1.1B | — |
| FCF MarginFCF / Revenue | 9.4% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 2.94× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $7.3B | ||
| Q3 25 | $827.0M | $-990.0M | ||
| Q2 25 | $57.0M | $-820.0M | ||
| Q1 25 | $-546.0M | $-1.4B | ||
| Q4 24 | $1.3B | $17.1B | ||
| Q3 24 | $573.0M | $-1.1B | ||
| Q2 24 | $287.0M | $-967.0M | ||
| Q1 24 | $-492.0M | $-5.7B |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $743.0M | — | ||
| Q2 25 | $-17.0M | — | ||
| Q1 25 | $-610.0M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $494.0M | — | ||
| Q2 24 | $220.0M | — | ||
| Q1 24 | $-560.0M | — |
| Q4 25 | 9.4% | — | ||
| Q3 25 | 7.4% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | -7.0% | — | ||
| Q4 24 | 12.2% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | -7.2% | — |
| Q4 25 | 1.3% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 0.9% | — |
| Q4 25 | 2.94× | 15.83× | ||
| Q3 25 | 2.28× | -3.91× | ||
| Q2 25 | 0.27× | -4.56× | ||
| Q1 25 | -3.35× | -5.00× | ||
| Q4 24 | 2.75× | 115.81× | ||
| Q3 24 | 2.55× | -6.84× | ||
| Q2 24 | 2.21× | -4.76× | ||
| Q1 24 | -3.90× | -27.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBRE
| Other | $5.8B | 51% |
| Project Management Segment | $2.2B | 19% |
| Advisory Leasing | $1.5B | 13% |
| Advisory Sales | $756.0M | 7% |
| Property Management | $695.0M | 6% |
| Investment Management Property Management Brokerage And Other Professional Services | $156.0M | 1% |
| Commercial Mortgage Origination | $95.0M | 1% |
| Other Portfolio Services | $87.0M | 1% |
| Loan Servicing | $73.0M | 1% |
| Real Estate Development Services | $60.0M | 1% |
RGA
Segment breakdown not available.
