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Side-by-side financial comparison of DTE Energy (DTE) 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 $4.4B, roughly 1.5× DTE Energy). DTE Energy runs the higher net margin — 8.3% vs 7.0%, a 1.4% gap on every dollar of revenue. On growth, DTE Energy posted the faster year-over-year revenue change (28.9% vs 26.6%). Over the past eight quarters, DTE Energy's revenue compounded faster (16.9% CAGR vs 2.3%).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
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.
DTE vs RGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $6.6B |
| Net Profit | $369.0M | $463.0M |
| Gross Margin | — | — |
| Operating Margin | 15.9% | 7.7% |
| Net Margin | 8.3% | 7.0% |
| Revenue YoY | 28.9% | 26.6% |
| Net Profit YoY | 26.4% | 212.8% |
| EPS (diluted) | $1.78 | $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 | $4.4B | $6.6B | ||
| Q3 25 | $3.5B | $6.2B | ||
| Q2 25 | $3.4B | $5.6B | ||
| Q1 25 | $4.4B | $5.3B | ||
| Q4 24 | $3.4B | $5.2B | ||
| Q3 24 | $2.9B | $5.7B | ||
| Q2 24 | $2.9B | $4.9B | ||
| Q1 24 | $3.2B | $6.3B |
| Q4 25 | $369.0M | $463.0M | ||
| Q3 25 | $419.0M | $253.0M | ||
| Q2 25 | $229.0M | $180.0M | ||
| Q1 25 | $445.0M | $286.0M | ||
| Q4 24 | $292.0M | $148.0M | ||
| Q3 24 | $477.0M | $156.0M | ||
| Q2 24 | $322.0M | $203.0M | ||
| Q1 24 | $313.0M | $210.0M |
| Q4 25 | 15.9% | 7.7% | ||
| Q3 25 | 17.6% | 5.2% | ||
| Q2 25 | 12.5% | 6.1% | ||
| Q1 25 | 14.1% | 7.0% | ||
| Q4 24 | 16.2% | 4.3% | ||
| Q3 24 | 17.8% | 3.8% | ||
| Q2 24 | 17.5% | 5.5% | ||
| Q1 24 | 16.0% | 4.3% |
| Q4 25 | 8.3% | 7.0% | ||
| Q3 25 | 11.9% | 4.1% | ||
| Q2 25 | 6.7% | 3.2% | ||
| Q1 25 | 10.0% | 5.4% | ||
| Q4 24 | 8.5% | 2.8% | ||
| Q3 24 | 16.4% | 2.8% | ||
| Q2 24 | 11.2% | 4.2% | ||
| Q1 24 | 9.7% | 3.3% |
| Q4 25 | $1.78 | $6.91 | ||
| Q3 25 | $2.01 | $3.81 | ||
| Q2 25 | $1.10 | $2.70 | ||
| Q1 25 | $2.14 | $4.27 | ||
| Q4 24 | $1.41 | $2.21 | ||
| Q3 24 | $2.30 | $2.33 | ||
| Q2 24 | $1.55 | $3.03 | ||
| Q1 24 | $1.51 | $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 | $208.0M | $4.2B |
| Total DebtLower is stronger | $23.8B | $5.7B |
| Stockholders' EquityBook value | $12.3B | $13.5B |
| Total Assets | $54.1B | $156.6B |
| Debt / EquityLower = less leverage | 1.93× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.0M | $4.2B | ||
| Q3 25 | $34.0M | $4.6B | ||
| Q2 25 | $32.0M | $5.4B | ||
| Q1 25 | $33.0M | $5.2B | ||
| Q4 24 | $24.0M | $3.3B | ||
| Q3 24 | $969.0M | $5.2B | ||
| Q2 24 | $20.0M | $4.6B | ||
| Q1 24 | $292.0M | $5.9B |
| Q4 25 | $23.8B | $5.7B | ||
| Q3 25 | $24.5B | $5.7B | ||
| Q2 25 | $22.9B | $5.7B | ||
| Q1 25 | $21.8B | $5.7B | ||
| Q4 24 | $20.7B | $5.0B | ||
| Q3 24 | $20.5B | $5.1B | ||
| Q2 24 | $19.3B | $5.1B | ||
| Q1 24 | $19.2B | $4.4B |
| Q4 25 | $12.3B | $13.5B | ||
| Q3 25 | $12.2B | $13.0B | ||
| Q2 25 | $11.7B | $12.1B | ||
| Q1 25 | $11.9B | $11.4B | ||
| Q4 24 | $11.7B | $10.8B | ||
| Q3 24 | $11.6B | $11.1B | ||
| Q2 24 | $11.1B | $9.7B | ||
| Q1 24 | $11.2B | $9.5B |
| Q4 25 | $54.1B | $156.6B | ||
| Q3 25 | $52.0B | $152.0B | ||
| Q2 25 | $50.2B | $133.5B | ||
| Q1 25 | $49.6B | $128.2B | ||
| Q4 24 | $48.8B | $118.7B | ||
| Q3 24 | $49.8B | $120.3B | ||
| Q2 24 | $47.8B | $109.9B | ||
| Q1 24 | $45.9B | $106.0B |
| Q4 25 | 1.93× | 0.42× | ||
| Q3 25 | 2.01× | 0.44× | ||
| Q2 25 | 1.96× | 0.48× | ||
| Q1 25 | 1.83× | 0.50× | ||
| Q4 24 | 1.77× | 0.47× | ||
| Q3 24 | 1.76× | 0.46× | ||
| Q2 24 | 1.74× | 0.52× | ||
| Q1 24 | 1.72× | 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 | $1.0B | $7.3B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.84× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $7.3B | ||
| Q3 25 | $632.0M | $-990.0M | ||
| Q2 25 | $709.0M | $-820.0M | ||
| Q1 25 | $1.0B | $-1.4B | ||
| Q4 24 | $1.1B | $17.1B | ||
| Q3 24 | $758.0M | $-1.1B | ||
| Q2 24 | $759.0M | $-967.0M | ||
| Q1 24 | $1.0B | $-5.7B |
| Q4 25 | 2.84× | 15.83× | ||
| Q3 25 | 1.51× | -3.91× | ||
| Q2 25 | 3.10× | -4.56× | ||
| Q1 25 | 2.29× | -5.00× | ||
| Q4 24 | 3.71× | 115.81× | ||
| Q3 24 | 1.59× | -6.84× | ||
| Q2 24 | 2.36× | -4.76× | ||
| Q1 24 | 3.33× | -27.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DTE
| Electric Segment | $1.8B | 40% |
| Residential | $723.0M | 16% |
| Gas Segment | $651.0M | 15% |
| Commercial | $524.0M | 12% |
| Other | $333.0M | 8% |
| DTE Vantage Segment | $176.0M | 4% |
| Industrial | $159.0M | 4% |
| End User Transportation | $69.0M | 2% |
| Intermediate Transportation | $25.0M | 1% |
RGA
Segment breakdown not available.
