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Side-by-side financial comparison of GE Vernova (GEV) and REINSURANCE GROUP OF AMERICA INC (RGA). Click either name above to swap in a different company.
GE Vernova is the larger business by last-quarter revenue ($9.3B vs $6.6B, roughly 1.4× REINSURANCE GROUP OF AMERICA INC). GE Vernova runs the higher net margin — 50.9% vs 7.0%, a 43.9% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 16.3%). Over the past eight quarters, GE Vernova's revenue compounded faster (6.7% CAGR vs 2.3%).
GE Vernova, Inc. is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts. The company operates through three main segments: Power, which designs, manufactures, and services gas, nuclear, hydro, and steam technologies; Wind, which provides onshore and offshore wind turbines and blades; and Electrification, which offers grid solutions, power conversion, solar and storage solutions, and digital technologies for the transmission, distribution, and manag...
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.
GEV vs RGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.3B | $6.6B |
| Net Profit | $4.8B | $463.0M |
| Gross Margin | — | — |
| Operating Margin | — | 7.7% |
| Net Margin | 50.9% | 7.0% |
| Revenue YoY | 16.3% | 26.6% |
| Net Profit YoY | 5.9% | 212.8% |
| EPS (diluted) | $17.44 | $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 | $9.3B | — | ||
| Q4 25 | $11.0B | $6.6B | ||
| Q3 25 | $10.0B | $6.2B | ||
| Q2 25 | $9.1B | $5.6B | ||
| Q1 25 | $8.0B | $5.3B | ||
| Q4 24 | $10.6B | $5.2B | ||
| Q3 24 | $8.9B | $5.7B | ||
| Q2 24 | $8.2B | $4.9B |
| Q1 26 | $4.8B | — | ||
| Q4 25 | $3.7B | $463.0M | ||
| Q3 25 | $452.0M | $253.0M | ||
| Q2 25 | $514.0M | $180.0M | ||
| Q1 25 | $254.0M | $286.0M | ||
| Q4 24 | $484.0M | $148.0M | ||
| Q3 24 | $-96.0M | $156.0M | ||
| Q2 24 | $1.3B | $203.0M |
| Q1 26 | — | — | ||
| Q4 25 | 21.2% | — | ||
| Q3 25 | 19.0% | — | ||
| Q2 25 | 20.3% | — | ||
| Q1 25 | 18.3% | — | ||
| Q4 24 | 20.1% | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | 20.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 7.7% | ||
| Q3 25 | 3.7% | 5.2% | ||
| Q2 25 | 4.1% | 6.1% | ||
| Q1 25 | 0.5% | 7.0% | ||
| Q4 24 | 5.6% | 4.3% | ||
| Q3 24 | -4.0% | 3.8% | ||
| Q2 24 | 6.4% | 5.5% |
| Q1 26 | 50.9% | — | ||
| Q4 25 | 33.4% | 7.0% | ||
| Q3 25 | 4.5% | 4.1% | ||
| Q2 25 | 5.6% | 3.2% | ||
| Q1 25 | 3.2% | 5.4% | ||
| Q4 24 | 4.6% | 2.8% | ||
| Q3 24 | -1.1% | 2.8% | ||
| Q2 24 | 15.8% | 4.2% |
| Q1 26 | $17.44 | — | ||
| Q4 25 | $13.28 | $6.91 | ||
| Q3 25 | $1.64 | $3.81 | ||
| Q2 25 | $1.86 | $2.70 | ||
| Q1 25 | $0.91 | $4.27 | ||
| Q4 24 | $1.75 | $2.21 | ||
| Q3 24 | $-0.35 | $2.33 | ||
| Q2 24 | $4.65 | $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 | — | $4.2B |
| Total DebtLower is stronger | — | $5.7B |
| Stockholders' EquityBook value | — | $13.5B |
| Total Assets | — | $156.6B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $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 | — | — | ||
| Q4 25 | $11.2B | $13.5B | ||
| Q3 25 | $8.6B | $13.0B | ||
| Q2 25 | $8.9B | $12.1B | ||
| Q1 25 | $8.6B | $11.4B | ||
| Q4 24 | $9.5B | $10.8B | ||
| Q3 24 | $9.5B | $11.1B | ||
| Q2 24 | $9.1B | $9.7B |
| Q1 26 | — | — | ||
| Q4 25 | $63.0B | $156.6B | ||
| Q3 25 | $54.4B | $152.0B | ||
| Q2 25 | $53.1B | $133.5B | ||
| Q1 25 | $51.6B | $128.2B | ||
| Q4 24 | $51.5B | $118.7B | ||
| Q3 24 | $50.9B | $120.3B | ||
| Q2 24 | $48.1B | $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 | — | $7.3B |
| Free Cash FlowOCF − Capex | $4.8B | — |
| FCF MarginFCF / Revenue | 51.3% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | $7.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $7.3B | ||
| Q3 25 | $980.0M | $-990.0M | ||
| Q2 25 | $367.0M | $-820.0M | ||
| Q1 25 | $1.2B | $-1.4B | ||
| Q4 24 | $921.0M | $17.1B | ||
| Q3 24 | $1.1B | $-1.1B | ||
| Q2 24 | $979.0M | $-967.0M |
| Q1 26 | $4.8B | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $733.0M | — | ||
| Q2 25 | $194.0M | — | ||
| Q1 25 | $975.0M | — | ||
| Q4 24 | $571.0M | — | ||
| Q3 24 | $968.0M | — | ||
| Q2 24 | $822.0M | — |
| Q1 26 | 51.3% | — | ||
| Q4 25 | 16.5% | — | ||
| Q3 25 | 7.4% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 12.1% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 10.9% | — | ||
| Q2 24 | 10.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 1.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 15.83× | ||
| Q3 25 | 2.17× | -3.91× | ||
| Q2 25 | 0.71× | -4.56× | ||
| Q1 25 | 4.57× | -5.00× | ||
| Q4 24 | 1.90× | 115.81× | ||
| Q3 24 | — | -6.84× | ||
| Q2 24 | 0.76× | -4.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
