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Side-by-side financial comparison of EMCOR Group, Inc. (EME) 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 $4.6B, roughly 1.4× EMCOR Group, Inc.). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 7.0% vs 6.6%, a 0.4% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 19.7%). Over the past eight quarters, EMCOR Group, Inc.'s revenue compounded faster (12.3% CAGR vs 2.3%).
EMCOR Group, Inc., is an engineering, construction, and property management company headquartered in Norwalk, Connecticut.
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.
EME vs RGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.6B | $6.6B |
| Net Profit | $305.5M | $463.0M |
| Gross Margin | 18.7% | — |
| Operating Margin | 8.7% | 7.7% |
| Net Margin | 6.6% | 7.0% |
| Revenue YoY | 19.7% | 26.6% |
| Net Profit YoY | 26.9% | 212.8% |
| EPS (diluted) | $6.84 | $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 | $4.6B | — | ||
| Q4 25 | $4.5B | $6.6B | ||
| Q3 25 | $4.3B | $6.2B | ||
| Q2 25 | $4.3B | $5.6B | ||
| Q1 25 | $3.9B | $5.3B | ||
| Q4 24 | $3.8B | $5.2B | ||
| Q3 24 | $3.7B | $5.7B | ||
| Q2 24 | $3.7B | $4.9B |
| Q1 26 | $305.5M | — | ||
| Q4 25 | $434.6M | $463.0M | ||
| Q3 25 | $295.4M | $253.0M | ||
| Q2 25 | $302.2M | $180.0M | ||
| Q1 25 | $240.7M | $286.0M | ||
| Q4 24 | $292.2M | $148.0M | ||
| Q3 24 | $270.3M | $156.0M | ||
| Q2 24 | $247.6M | $203.0M |
| Q1 26 | 18.7% | — | ||
| Q4 25 | 19.7% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 18.7% | — | ||
| Q4 24 | 20.1% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 18.7% | — |
| Q1 26 | 8.7% | — | ||
| Q4 25 | 12.7% | 7.7% | ||
| Q3 25 | 9.4% | 5.2% | ||
| Q2 25 | 9.6% | 6.1% | ||
| Q1 25 | 8.2% | 7.0% | ||
| Q4 24 | 10.3% | 4.3% | ||
| Q3 24 | 9.8% | 3.8% | ||
| Q2 24 | 9.1% | 5.5% |
| Q1 26 | 6.6% | — | ||
| Q4 25 | 9.6% | 7.0% | ||
| Q3 25 | 6.9% | 4.1% | ||
| Q2 25 | 7.0% | 3.2% | ||
| Q1 25 | 6.2% | 5.4% | ||
| Q4 24 | 7.7% | 2.8% | ||
| Q3 24 | 7.3% | 2.8% | ||
| Q2 24 | 6.8% | 4.2% |
| Q1 26 | $6.84 | — | ||
| Q4 25 | $9.64 | $6.91 | ||
| Q3 25 | $6.57 | $3.81 | ||
| Q2 25 | $6.72 | $2.70 | ||
| Q1 25 | $5.26 | $4.27 | ||
| Q4 24 | $6.30 | $2.21 | ||
| Q3 24 | $5.80 | $2.33 | ||
| Q2 24 | $5.25 | $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 | $916.4M | $4.2B |
| Total DebtLower is stronger | — | $5.7B |
| Stockholders' EquityBook value | $3.9B | $13.5B |
| Total Assets | $9.5B | $156.6B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $916.4M | — | ||
| Q4 25 | $1.1B | $4.2B | ||
| Q3 25 | $655.1M | $4.6B | ||
| Q2 25 | $486.0M | $5.4B | ||
| Q1 25 | $576.7M | $5.2B | ||
| Q4 24 | $1.3B | $3.3B | ||
| Q3 24 | $1.0B | $5.2B | ||
| Q2 24 | $807.3M | $4.6B |
| Q1 26 | — | — | ||
| 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 26 | $3.9B | — | ||
| Q4 25 | $3.7B | $13.5B | ||
| Q3 25 | $3.3B | $13.0B | ||
| Q2 25 | $3.1B | $12.1B | ||
| Q1 25 | $2.9B | $11.4B | ||
| Q4 24 | $2.9B | $10.8B | ||
| Q3 24 | $2.8B | $11.1B | ||
| Q2 24 | $2.7B | $9.7B |
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.3B | $156.6B | ||
| Q3 25 | $8.6B | $152.0B | ||
| Q2 25 | $8.4B | $133.5B | ||
| Q1 25 | $8.1B | $128.2B | ||
| Q4 24 | $7.7B | $118.7B | ||
| Q3 24 | $7.3B | $120.3B | ||
| Q2 24 | $7.1B | $109.9B |
| Q1 26 | — | — | ||
| 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× |
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 | $558.0K | $7.3B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.00× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $558.0K | — | ||
| Q4 25 | $524.4M | $7.3B | ||
| Q3 25 | $475.5M | $-990.0M | ||
| Q2 25 | $193.7M | $-820.0M | ||
| Q1 25 | $108.5M | $-1.4B | ||
| Q4 24 | $469.5M | $17.1B | ||
| Q3 24 | $526.4M | $-1.1B | ||
| Q2 24 | $279.7M | $-967.0M |
| Q1 26 | — | — | ||
| Q4 25 | $492.5M | — | ||
| Q3 25 | $448.8M | — | ||
| Q2 25 | $165.6M | — | ||
| Q1 25 | $82.3M | — | ||
| Q4 24 | $451.8M | — | ||
| Q3 24 | $508.7M | — | ||
| Q2 24 | $260.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 7.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.5% | — |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 1.21× | 15.83× | ||
| Q3 25 | 1.61× | -3.91× | ||
| Q2 25 | 0.64× | -4.56× | ||
| Q1 25 | 0.45× | -5.00× | ||
| Q4 24 | 1.61× | 115.81× | ||
| Q3 24 | 1.95× | -6.84× | ||
| Q2 24 | 1.13× | -4.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
