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Side-by-side financial comparison of Consolidated Edison (ED) 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 $4.0B, roughly 1.7× Consolidated Edison). Consolidated Edison runs the higher net margin — 7.5% vs 7.0%, 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 8.2%). Over the past eight quarters, REINSURANCE GROUP OF AMERICA INC's revenue compounded faster (2.3% CAGR vs -3.7%).
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc.
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.
ED vs RGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $6.6B |
| Net Profit | $298.0M | $463.0M |
| Gross Margin | — | — |
| Operating Margin | 12.3% | 7.7% |
| Net Margin | 7.5% | 7.0% |
| Revenue YoY | 8.2% | 26.6% |
| Net Profit YoY | -3.9% | 212.8% |
| EPS (diluted) | $0.81 | $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 | $4.0B | $6.6B | ||
| Q3 25 | $4.6B | $6.2B | ||
| Q2 25 | $3.6B | $5.6B | ||
| Q1 25 | $4.9B | $5.3B | ||
| Q4 24 | $3.7B | $5.2B | ||
| Q3 24 | $4.2B | $5.7B | ||
| Q2 24 | $3.3B | $4.9B | ||
| Q1 24 | $4.3B | $6.3B |
| Q4 25 | $298.0M | $463.0M | ||
| Q3 25 | $688.0M | $253.0M | ||
| Q2 25 | $246.0M | $180.0M | ||
| Q1 25 | $791.0M | $286.0M | ||
| Q4 24 | $310.0M | $148.0M | ||
| Q3 24 | $588.0M | $156.0M | ||
| Q2 24 | $202.0M | $203.0M | ||
| Q1 24 | $720.0M | $210.0M |
| Q4 25 | 12.3% | 7.7% | ||
| Q3 25 | 21.2% | 5.2% | ||
| Q2 25 | 9.8% | 6.1% | ||
| Q1 25 | 23.0% | 7.0% | ||
| Q4 24 | 13.0% | 4.3% | ||
| Q3 24 | 20.4% | 3.8% | ||
| Q2 24 | 9.7% | 5.5% | ||
| Q1 24 | 23.6% | 4.3% |
| Q4 25 | 7.5% | 7.0% | ||
| Q3 25 | 15.1% | 4.1% | ||
| Q2 25 | 6.8% | 3.2% | ||
| Q1 25 | 16.2% | 5.4% | ||
| Q4 24 | 8.5% | 2.8% | ||
| Q3 24 | 13.9% | 2.8% | ||
| Q2 24 | 6.1% | 4.2% | ||
| Q1 24 | 16.8% | 3.3% |
| Q4 25 | $0.81 | $6.91 | ||
| Q3 25 | $1.90 | $3.81 | ||
| Q2 25 | $0.68 | $2.70 | ||
| Q1 25 | $2.25 | $4.27 | ||
| Q4 24 | $0.89 | $2.21 | ||
| Q3 24 | $1.69 | $2.33 | ||
| Q2 24 | $0.58 | $3.03 | ||
| Q1 24 | $2.08 | $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 | $1.6B | $4.2B |
| Total DebtLower is stronger | $25.8B | $5.7B |
| Stockholders' EquityBook value | $24.2B | $13.5B |
| Total Assets | $74.6B | $156.6B |
| Debt / EquityLower = less leverage | 1.07× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $4.2B | ||
| Q3 25 | $181.0M | $4.6B | ||
| Q2 25 | $1.5B | $5.4B | ||
| Q1 25 | $360.0M | $5.2B | ||
| Q4 24 | $1.3B | $3.3B | ||
| Q3 24 | $93.0M | $5.2B | ||
| Q2 24 | $1.5B | $4.6B | ||
| Q1 24 | $169.0M | $5.9B |
| Q4 25 | $25.8B | $5.7B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | $24.7B | $5.0B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $24.2B | $13.5B | ||
| Q3 25 | $24.2B | $13.0B | ||
| Q2 25 | $23.8B | $12.1B | ||
| Q1 25 | $23.8B | $11.4B | ||
| Q4 24 | $22.0B | $10.8B | ||
| Q3 24 | $21.9B | $11.1B | ||
| Q2 24 | $21.6B | $9.7B | ||
| Q1 24 | $21.6B | $9.5B |
| Q4 25 | $74.6B | $156.6B | ||
| Q3 25 | $71.8B | $152.0B | ||
| Q2 25 | $71.5B | $133.5B | ||
| Q1 25 | $70.7B | $128.2B | ||
| Q4 24 | $70.6B | $118.7B | ||
| Q3 24 | $68.6B | $120.3B | ||
| Q2 24 | $67.9B | $109.9B | ||
| Q1 24 | $66.7B | $106.0B |
| Q4 25 | 1.07× | 0.42× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | 1.13× | 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 | $1.5B | $7.3B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.97× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $7.3B | ||
| Q3 25 | $504.0M | $-990.0M | ||
| Q2 25 | $2.0B | $-820.0M | ||
| Q1 25 | $837.0M | $-1.4B | ||
| Q4 24 | $1.3B | $17.1B | ||
| Q3 24 | $392.0M | $-1.1B | ||
| Q2 24 | $1.3B | $-967.0M | ||
| Q1 24 | $573.0M | $-5.7B |
| Q4 25 | 4.97× | 15.83× | ||
| Q3 25 | 0.73× | -3.91× | ||
| Q2 25 | 8.04× | -4.56× | ||
| Q1 25 | 1.06× | -5.00× | ||
| Q4 24 | 4.23× | 115.81× | ||
| Q3 24 | 0.67× | -6.84× | ||
| Q2 24 | 6.63× | -4.76× | ||
| Q1 24 | 0.80× | -27.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ED
| Electricity | $2.9B | 73% |
| Oil And Gas Purchased | $923.0M | 23% |
| Steam Plant | $189.0M | 5% |
| Con Edison Transmission | $1.0M | 0% |
RGA
Segment breakdown not available.
