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Side-by-side financial comparison of ManpowerGroup Inc. (MAN) 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 $4.7B, roughly 1.4× ManpowerGroup Inc.). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 7.0% vs 0.6%, a 6.3% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 7.1%). Over the past eight quarters, ManpowerGroup Inc.'s revenue compounded faster (3.5% CAGR vs 2.3%).
ManpowerGroup is an American multinational corporation headquartered in Milwaukee, Wisconsin. Founded in 1948 by Elmer Winter and Aaron Scheinfeld, ManpowerGroup is the third-largest staffing firm in the world behind Swiss firm Adecco and Dutch firm Randstad NV. The company provides administrative & support services, professional services, and business services through its four primary brands: Manpower, Experis, Right Management, and ManpowerGroup Solutions.
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.
MAN vs RGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $6.6B |
| Net Profit | $30.2M | $463.0M |
| Gross Margin | 16.3% | — |
| Operating Margin | 1.7% | 7.7% |
| Net Margin | 0.6% | 7.0% |
| Revenue YoY | 7.1% | 26.6% |
| Net Profit YoY | 34.2% | 212.8% |
| EPS (diluted) | $0.65 | $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 | $4.7B | $6.6B | ||
| Q3 25 | $4.6B | $6.2B | ||
| Q2 25 | $4.5B | $5.6B | ||
| Q1 25 | $4.1B | $5.3B | ||
| Q4 24 | $4.4B | $5.2B | ||
| Q3 24 | $4.5B | $5.7B | ||
| Q2 24 | $4.5B | $4.9B | ||
| Q1 24 | $4.4B | $6.3B |
| Q4 25 | $30.2M | $463.0M | ||
| Q3 25 | $18.0M | $253.0M | ||
| Q2 25 | $-67.1M | $180.0M | ||
| Q1 25 | $5.6M | $286.0M | ||
| Q4 24 | $22.5M | $148.0M | ||
| Q3 24 | $22.8M | $156.0M | ||
| Q2 24 | $60.1M | $203.0M | ||
| Q1 24 | $39.7M | $210.0M |
| Q4 25 | 16.3% | — | ||
| Q3 25 | 16.6% | — | ||
| Q2 25 | 16.9% | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 17.3% | — | ||
| Q2 24 | 17.4% | — | ||
| Q1 24 | 17.3% | — |
| Q4 25 | 1.7% | 7.7% | ||
| Q3 25 | 1.4% | 5.2% | ||
| Q2 25 | -0.6% | 6.1% | ||
| Q1 25 | 0.7% | 7.0% | ||
| Q4 24 | 1.6% | 4.3% | ||
| Q3 24 | 1.6% | 3.8% | ||
| Q2 24 | 2.2% | 5.5% | ||
| Q1 24 | 1.5% | 4.3% |
| Q4 25 | 0.6% | 7.0% | ||
| Q3 25 | 0.4% | 4.1% | ||
| Q2 25 | -1.5% | 3.2% | ||
| Q1 25 | 0.1% | 5.4% | ||
| Q4 24 | 0.5% | 2.8% | ||
| Q3 24 | 0.5% | 2.8% | ||
| Q2 24 | 1.3% | 4.2% | ||
| Q1 24 | 0.9% | 3.3% |
| Q4 25 | $0.65 | $6.91 | ||
| Q3 25 | $0.38 | $3.81 | ||
| Q2 25 | $-1.44 | $2.70 | ||
| Q1 25 | $0.12 | $4.27 | ||
| Q4 24 | $0.49 | $2.21 | ||
| Q3 24 | $0.47 | $2.33 | ||
| Q2 24 | $1.24 | $3.03 | ||
| Q1 24 | $0.81 | $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 | $871.0M | $4.2B |
| Total DebtLower is stronger | $1.1B | $5.7B |
| Stockholders' EquityBook value | $2.1B | $13.5B |
| Total Assets | $9.2B | $156.6B |
| Debt / EquityLower = less leverage | 0.51× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $871.0M | $4.2B | ||
| Q3 25 | $274.6M | $4.6B | ||
| Q2 25 | $289.8M | $5.4B | ||
| Q1 25 | $395.0M | $5.2B | ||
| Q4 24 | $509.4M | $3.3B | ||
| Q3 24 | $410.9M | $5.2B | ||
| Q2 24 | $468.9M | $4.6B | ||
| Q1 24 | $604.8M | $5.9B |
| Q4 25 | $1.1B | $5.7B | ||
| Q3 25 | $468.3M | $5.7B | ||
| Q2 25 | $470.3M | $5.7B | ||
| Q1 25 | $971.4M | $5.7B | ||
| Q4 24 | $929.4M | $5.0B | ||
| Q3 24 | $999.7M | $5.1B | ||
| Q2 24 | $961.7M | $5.1B | ||
| Q1 24 | $968.9M | $4.4B |
| Q4 25 | $2.1B | $13.5B | ||
| Q3 25 | $2.0B | $13.0B | ||
| Q2 25 | $2.0B | $12.1B | ||
| Q1 25 | $2.1B | $11.4B | ||
| Q4 24 | $2.1B | $10.8B | ||
| Q3 24 | $2.2B | $11.1B | ||
| Q2 24 | $2.1B | $9.7B | ||
| Q1 24 | $2.2B | $9.5B |
| Q4 25 | $9.2B | $156.6B | ||
| Q3 25 | $8.4B | $152.0B | ||
| Q2 25 | $8.5B | $133.5B | ||
| Q1 25 | $8.0B | $128.2B | ||
| Q4 24 | $8.2B | $118.7B | ||
| Q3 24 | $8.5B | $120.3B | ||
| Q2 24 | $8.5B | $109.9B | ||
| Q1 24 | $8.5B | $106.0B |
| Q4 25 | 0.51× | 0.42× | ||
| Q3 25 | 0.23× | 0.44× | ||
| Q2 25 | 0.24× | 0.48× | ||
| Q1 25 | 0.46× | 0.50× | ||
| Q4 24 | 0.44× | 0.47× | ||
| Q3 24 | 0.46× | 0.46× | ||
| Q2 24 | 0.45× | 0.52× | ||
| Q1 24 | 0.45× | 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 | $178.9M | $7.3B |
| Free Cash FlowOCF − Capex | $168.0M | — |
| FCF MarginFCF / Revenue | 3.6% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 5.92× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | $-161.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $178.9M | $7.3B | ||
| Q3 25 | $59.8M | $-990.0M | ||
| Q2 25 | $-189.6M | $-820.0M | ||
| Q1 25 | $-153.2M | $-1.4B | ||
| Q4 24 | $247.6M | $17.1B | ||
| Q3 24 | $83.5M | $-1.1B | ||
| Q2 24 | $-137.9M | $-967.0M | ||
| Q1 24 | $116.0M | $-5.7B |
| Q4 25 | $168.0M | — | ||
| Q3 25 | $44.7M | — | ||
| Q2 25 | $-207.2M | — | ||
| Q1 25 | $-166.9M | — | ||
| Q4 24 | $236.3M | — | ||
| Q3 24 | $67.4M | — | ||
| Q2 24 | $-149.8M | — | ||
| Q1 24 | $104.2M | — |
| Q4 25 | 3.6% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | -4.6% | — | ||
| Q1 25 | -4.1% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | -3.3% | — | ||
| Q1 24 | 2.4% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 5.92× | 15.83× | ||
| Q3 25 | 3.32× | -3.91× | ||
| Q2 25 | — | -4.56× | ||
| Q1 25 | -27.36× | -5.00× | ||
| Q4 24 | 11.00× | 115.81× | ||
| Q3 24 | 3.66× | -6.84× | ||
| Q2 24 | -2.29× | -4.76× | ||
| Q1 24 | 2.92× | -27.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAN
| Other | $2.4B | 52% |
| Transferred Over Time | $1.1B | 24% |
| Staffingand Interim | $1.0B | 22% |
| Productsand Services Other | $50.8M | 1% |
| Permanent Recruitment | $37.5M | 1% |
| Outcome Based Solutionsand Consulting | $20.7M | 0% |
| Transferred At Point In Time | $20.4M | 0% |
RGA
Segment breakdown not available.
