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Side-by-side financial comparison of Diamondback Energy (FANG) 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 $3.4B, roughly 2.0× Diamondback Energy). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 7.0% vs -43.2%, a 50.2% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs -9.0%). Over the past eight quarters, Diamondback Energy's revenue compounded faster (23.1% CAGR vs 2.3%).
Diamondback Energy, headquartered in Midland, Texas, is an American company engaged in hydrocarbon exploration in the Permian Basin.
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.
FANG vs RGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.4B | $6.6B |
| Net Profit | $-1.5B | $463.0M |
| Gross Margin | — | — |
| Operating Margin | -82.4% | 7.7% |
| Net Margin | -43.2% | 7.0% |
| Revenue YoY | -9.0% | 26.6% |
| Net Profit YoY | -235.8% | 212.8% |
| EPS (diluted) | $-4.99 | $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 | $3.4B | $6.6B | ||
| Q3 25 | $3.9B | $6.2B | ||
| Q2 25 | $3.7B | $5.6B | ||
| Q1 25 | $4.0B | $5.3B | ||
| Q4 24 | $3.7B | $5.2B | ||
| Q3 24 | $2.6B | $5.7B | ||
| Q2 24 | $2.5B | $4.9B | ||
| Q1 24 | $2.2B | $6.3B |
| Q4 25 | $-1.5B | $463.0M | ||
| Q3 25 | $1.0B | $253.0M | ||
| Q2 25 | $699.0M | $180.0M | ||
| Q1 25 | $1.4B | $286.0M | ||
| Q4 24 | $1.1B | $148.0M | ||
| Q3 24 | $659.0M | $156.0M | ||
| Q2 24 | $837.0M | $203.0M | ||
| Q1 24 | $768.0M | $210.0M |
| Q4 25 | -82.4% | 7.7% | ||
| Q3 25 | 31.5% | 5.2% | ||
| Q2 25 | 31.0% | 6.1% | ||
| Q1 25 | 41.3% | 7.0% | ||
| Q4 24 | 38.0% | 4.3% | ||
| Q3 24 | 26.8% | 3.8% | ||
| Q2 24 | 46.6% | 5.5% | ||
| Q1 24 | 50.2% | 4.3% |
| Q4 25 | -43.2% | 7.0% | ||
| Q3 25 | 25.9% | 4.1% | ||
| Q2 25 | 19.0% | 3.2% | ||
| Q1 25 | 34.7% | 5.4% | ||
| Q4 24 | 28.9% | 2.8% | ||
| Q3 24 | 24.9% | 2.8% | ||
| Q2 24 | 33.7% | 4.2% | ||
| Q1 24 | 34.5% | 3.3% |
| Q4 25 | $-4.99 | $6.91 | ||
| Q3 25 | $3.51 | $3.81 | ||
| Q2 25 | $2.38 | $2.70 | ||
| Q1 25 | $4.83 | $4.27 | ||
| Q4 24 | $3.40 | $2.21 | ||
| Q3 24 | $3.19 | $2.33 | ||
| Q2 24 | $4.66 | $3.03 | ||
| Q1 24 | $4.28 | $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 | $104.0M | $4.2B |
| Total DebtLower is stronger | $13.7B | $5.7B |
| Stockholders' EquityBook value | $37.0B | $13.5B |
| Total Assets | $71.1B | $156.6B |
| Debt / EquityLower = less leverage | 0.37× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.0M | $4.2B | ||
| Q3 25 | $159.0M | $4.6B | ||
| Q2 25 | $219.0M | $5.4B | ||
| Q1 25 | $1.8B | $5.2B | ||
| Q4 24 | $161.0M | $3.3B | ||
| Q3 24 | $370.0M | $5.2B | ||
| Q2 24 | $6.9B | $4.6B | ||
| Q1 24 | $896.0M | $5.9B |
| Q4 25 | $13.7B | $5.7B | ||
| Q3 25 | $15.8B | $5.7B | ||
| Q2 25 | $15.1B | $5.7B | ||
| Q1 25 | $13.0B | $5.7B | ||
| Q4 24 | $12.1B | $5.0B | ||
| Q3 24 | $11.9B | $5.1B | ||
| Q2 24 | $12.0B | $5.1B | ||
| Q1 24 | $6.6B | $4.4B |
| Q4 25 | $37.0B | $13.5B | ||
| Q3 25 | $39.1B | $13.0B | ||
| Q2 25 | $38.9B | $12.1B | ||
| Q1 25 | $38.5B | $11.4B | ||
| Q4 24 | $37.7B | $10.8B | ||
| Q3 24 | $37.4B | $11.1B | ||
| Q2 24 | $17.4B | $9.7B | ||
| Q1 24 | $16.9B | $9.5B |
| Q4 25 | $71.1B | $156.6B | ||
| Q3 25 | $76.2B | $152.0B | ||
| Q2 25 | $71.9B | $133.5B | ||
| Q1 25 | $70.1B | $128.2B | ||
| Q4 24 | $67.3B | $118.7B | ||
| Q3 24 | $65.7B | $120.3B | ||
| Q2 24 | $35.6B | $109.9B | ||
| Q1 24 | $29.7B | $106.0B |
| Q4 25 | 0.37× | 0.42× | ||
| Q3 25 | 0.41× | 0.44× | ||
| Q2 25 | 0.39× | 0.48× | ||
| Q1 25 | 0.34× | 0.50× | ||
| Q4 24 | 0.32× | 0.47× | ||
| Q3 24 | 0.32× | 0.46× | ||
| Q2 24 | 0.69× | 0.52× | ||
| Q1 24 | 0.39× | 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 | $2.3B | $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.
| Q4 25 | $2.3B | $7.3B | ||
| Q3 25 | $2.4B | $-990.0M | ||
| Q2 25 | $1.7B | $-820.0M | ||
| Q1 25 | $2.4B | $-1.4B | ||
| Q4 24 | $2.3B | $17.1B | ||
| Q3 24 | $1.2B | $-1.1B | ||
| Q2 24 | $1.5B | $-967.0M | ||
| Q1 24 | $1.3B | $-5.7B |
| Q4 25 | — | 15.83× | ||
| Q3 25 | 2.34× | -3.91× | ||
| Q2 25 | 2.40× | -4.56× | ||
| Q1 25 | 1.68× | -5.00× | ||
| Q4 24 | 2.18× | 115.81× | ||
| Q3 24 | 1.83× | -6.84× | ||
| Q2 24 | 1.83× | -4.76× | ||
| Q1 24 | 1.74× | -27.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FANG
| Oil Explorationand Production | $2.7B | 81% |
| Oil Purchased | $308.0M | 9% |
| Natural Gas Liquids Production | $293.0M | 9% |
| Natural Gas Production | $4.0M | 0% |
RGA
Segment breakdown not available.
