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Side-by-side financial comparison of DaVita (DVA) 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 $3.6B, roughly 1.8× DaVita). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 7.0% vs 6.5%, a 0.5% 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, DaVita's revenue compounded faster (6.6% CAGR vs 2.3%).
DaVita Inc. is an American company that provides kidney dialysis services through a network of 2,675 outpatient centers in the United States, serving 200,800 patients, and 367 outpatient centers in 11 other countries serving 49,400 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo kidney dialysis, often 3 times per week for the rest of their lives unless they receive a kidney transplant via organ donation.
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.
DVA vs RGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $6.6B |
| Net Profit | $234.2M | $463.0M |
| Gross Margin | — | — |
| Operating Margin | 15.5% | 7.7% |
| Net Margin | 6.5% | 7.0% |
| Revenue YoY | 12.3% | 26.6% |
| Net Profit YoY | 43.8% | 212.8% |
| EPS (diluted) | $3.22 | $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.
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $6.6B | ||
| Q3 25 | $3.4B | $6.2B | ||
| Q2 25 | $3.4B | $5.6B | ||
| Q1 25 | $3.2B | $5.3B | ||
| Q4 24 | $3.3B | $5.2B | ||
| Q3 24 | $3.3B | $5.7B | ||
| Q2 24 | $3.2B | $4.9B |
| Q1 26 | $234.2M | — | ||
| Q4 25 | $234.2M | $463.0M | ||
| Q3 25 | $150.3M | $253.0M | ||
| Q2 25 | $199.3M | $180.0M | ||
| Q1 25 | $162.9M | $286.0M | ||
| Q4 24 | $259.3M | $148.0M | ||
| Q3 24 | $214.7M | $156.0M | ||
| Q2 24 | $222.7M | $203.0M |
| Q1 26 | 15.5% | — | ||
| Q4 25 | 15.5% | 7.7% | ||
| Q3 25 | 14.8% | 5.2% | ||
| Q2 25 | 15.9% | 6.1% | ||
| Q1 25 | 13.6% | 7.0% | ||
| Q4 24 | 17.2% | 4.3% | ||
| Q3 24 | 16.4% | 3.8% | ||
| Q2 24 | 15.9% | 5.5% |
| Q1 26 | 6.5% | — | ||
| Q4 25 | 6.5% | 7.0% | ||
| Q3 25 | 4.4% | 4.1% | ||
| Q2 25 | 5.9% | 3.2% | ||
| Q1 25 | 5.1% | 5.4% | ||
| Q4 24 | 7.9% | 2.8% | ||
| Q3 24 | 6.6% | 2.8% | ||
| Q2 24 | 7.0% | 4.2% |
| Q1 26 | $3.22 | — | ||
| Q4 25 | $3.22 | $6.91 | ||
| Q3 25 | $2.04 | $3.81 | ||
| Q2 25 | $2.58 | $2.70 | ||
| Q1 25 | $2.00 | $4.27 | ||
| Q4 24 | $3.08 | $2.21 | ||
| Q3 24 | $2.50 | $2.33 | ||
| Q2 24 | $2.50 | $3.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $700.7M | $4.2B |
| Total DebtLower is stronger | $10.2B | $5.7B |
| Stockholders' EquityBook value | $-651.1M | $13.5B |
| Total Assets | $17.5B | $156.6B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $700.7M | — | ||
| Q4 25 | $700.7M | $4.2B | ||
| Q3 25 | $736.5M | $4.6B | ||
| Q2 25 | $739.4M | $5.4B | ||
| Q1 25 | $511.9M | $5.2B | ||
| Q4 24 | $846.0M | $3.3B | ||
| Q3 24 | $1.1B | $5.2B | ||
| Q2 24 | $437.2M | $4.6B |
| Q1 26 | $10.2B | — | ||
| Q4 25 | $10.2B | $5.7B | ||
| Q3 25 | $10.2B | $5.7B | ||
| Q2 25 | $10.1B | $5.7B | ||
| Q1 25 | $9.6B | $5.7B | ||
| Q4 24 | $9.2B | $5.0B | ||
| Q3 24 | $9.3B | $5.1B | ||
| Q2 24 | $8.5B | $5.1B |
| Q1 26 | $-651.1M | — | ||
| Q4 25 | $-651.1M | $13.5B | ||
| Q3 25 | $-571.9M | $13.0B | ||
| Q2 25 | $-369.6M | $12.1B | ||
| Q1 25 | $-267.1M | $11.4B | ||
| Q4 24 | $121.1M | $10.8B | ||
| Q3 24 | $386.7M | $11.1B | ||
| Q2 24 | $632.9M | $9.7B |
| Q1 26 | $17.5B | — | ||
| Q4 25 | $17.5B | $156.6B | ||
| Q3 25 | $17.6B | $152.0B | ||
| Q2 25 | $17.5B | $133.5B | ||
| Q1 25 | $17.1B | $128.2B | ||
| Q4 24 | $17.3B | $118.7B | ||
| Q3 24 | $17.5B | $120.3B | ||
| Q2 24 | $17.0B | $109.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | 75.76× | 0.47× | ||
| Q3 24 | 23.95× | 0.46× | ||
| Q2 24 | 13.35× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $7.3B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $540.7M | $7.3B | ||
| Q3 25 | $841.5M | $-990.0M | ||
| Q2 25 | $324.2M | $-820.0M | ||
| Q1 25 | $180.0M | $-1.4B | ||
| Q4 24 | $547.6M | $17.1B | ||
| Q3 24 | $810.4M | $-1.1B | ||
| Q2 24 | $798.8M | $-967.0M |
| Q1 26 | — | — | ||
| Q4 25 | $395.3M | — | ||
| Q3 25 | $675.4M | — | ||
| Q2 25 | $203.1M | — | ||
| Q1 25 | $36.8M | — | ||
| Q4 24 | $377.0M | — | ||
| Q3 24 | $671.4M | — | ||
| Q2 24 | $674.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | — | ||
| Q3 25 | 19.7% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 21.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 3.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.31× | 15.83× | ||
| Q3 25 | 5.60× | -3.91× | ||
| Q2 25 | 1.63× | -4.56× | ||
| Q1 25 | 1.10× | -5.00× | ||
| Q4 24 | 2.11× | 115.81× | ||
| Q3 24 | 3.77× | -6.84× | ||
| Q2 24 | 3.59× | -4.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
