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Side-by-side financial comparison of MERCADOLIBRE INC (MELI) 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 $6.1B, roughly 1.1× MERCADOLIBRE INC). MERCADOLIBRE INC runs the higher net margin — 9.1% vs 7.0%, a 2.1% gap on every dollar of revenue. On growth, MERCADOLIBRE INC posted the faster year-over-year revenue change (40.2% vs 26.6%). Over the past eight quarters, MERCADOLIBRE INC's revenue compounded faster (40.7% CAGR vs 2.3%).
MercadoLibre, Inc., known as Mercado Livre in Brazil, literally meaning "free market" in both languages, is a company of Argentine origin and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.
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.
MELI vs RGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1B | $6.6B |
| Net Profit | $559.0M | $463.0M |
| Gross Margin | 61.7% | — |
| Operating Margin | 14.5% | 7.7% |
| Net Margin | 9.1% | 7.0% |
| Revenue YoY | 40.2% | 26.6% |
| Net Profit YoY | -12.5% | 212.8% |
| EPS (diluted) | $11.03 | $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 | $6.1B | $6.6B | ||
| Q3 25 | $5.2B | $6.2B | ||
| Q2 25 | $4.8B | $5.6B | ||
| Q1 25 | $4.2B | $5.3B | ||
| Q4 24 | $4.4B | $5.2B | ||
| Q3 24 | $3.9B | $5.7B | ||
| Q2 24 | $3.8B | $4.9B | ||
| Q1 24 | $3.1B | $6.3B |
| Q4 25 | $559.0M | $463.0M | ||
| Q3 25 | $421.0M | $253.0M | ||
| Q2 25 | $523.0M | $180.0M | ||
| Q1 25 | $494.0M | $286.0M | ||
| Q4 24 | $639.0M | $148.0M | ||
| Q3 24 | $397.0M | $156.0M | ||
| Q2 24 | $531.0M | $203.0M | ||
| Q1 24 | $344.0M | $210.0M |
| Q4 25 | 61.7% | — | ||
| Q3 25 | 61.7% | — | ||
| Q2 25 | 64.4% | — | ||
| Q1 25 | 66.1% | — | ||
| Q4 24 | 62.8% | — | ||
| Q3 24 | 62.6% | — | ||
| Q2 24 | 62.8% | — | ||
| Q1 24 | 65.3% | — |
| Q4 25 | 14.5% | 7.7% | ||
| Q3 25 | 13.9% | 5.2% | ||
| Q2 25 | 17.2% | 6.1% | ||
| Q1 25 | 18.2% | 7.0% | ||
| Q4 24 | 18.7% | 4.3% | ||
| Q3 24 | 14.3% | 3.8% | ||
| Q2 24 | 19.3% | 5.5% | ||
| Q1 24 | 17.0% | 4.3% |
| Q4 25 | 9.1% | 7.0% | ||
| Q3 25 | 8.1% | 4.1% | ||
| Q2 25 | 10.9% | 3.2% | ||
| Q1 25 | 11.8% | 5.4% | ||
| Q4 24 | 14.6% | 2.8% | ||
| Q3 24 | 10.2% | 2.8% | ||
| Q2 24 | 14.1% | 4.2% | ||
| Q1 24 | 11.1% | 3.3% |
| Q4 25 | $11.03 | $6.91 | ||
| Q3 25 | $8.32 | $3.81 | ||
| Q2 25 | $10.31 | $2.70 | ||
| Q1 25 | $9.74 | $4.27 | ||
| Q4 24 | $12.60 | $2.21 | ||
| Q3 24 | $7.83 | $2.33 | ||
| Q2 24 | $10.48 | $3.03 | ||
| Q1 24 | $6.78 | $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 | $6.3B | $4.2B |
| Total DebtLower is stronger | $4.6B | $5.7B |
| Stockholders' EquityBook value | $6.7B | $13.5B |
| Total Assets | $42.7B | $156.6B |
| Debt / EquityLower = less leverage | 0.68× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.3B | $4.2B | ||
| Q3 25 | $6.3B | $4.6B | ||
| Q2 25 | $7.6B | $5.4B | ||
| Q1 25 | $8.1B | $5.2B | ||
| Q4 24 | $7.1B | $3.3B | ||
| Q3 24 | $6.7B | $5.2B | ||
| Q2 24 | $6.9B | $4.6B | ||
| Q1 24 | $6.3B | $5.9B |
| Q4 25 | $4.6B | $5.7B | ||
| Q3 25 | $3.4B | $5.7B | ||
| Q2 25 | $3.5B | $5.7B | ||
| Q1 25 | $2.9B | $5.7B | ||
| Q4 24 | $2.9B | $5.0B | ||
| Q3 24 | $3.1B | $5.1B | ||
| Q2 24 | $2.4B | $5.1B | ||
| Q1 24 | $2.2B | $4.4B |
| Q4 25 | $6.7B | $13.5B | ||
| Q3 25 | $6.2B | $13.0B | ||
| Q2 25 | $5.7B | $12.1B | ||
| Q1 25 | $5.0B | $11.4B | ||
| Q4 24 | $4.4B | $10.8B | ||
| Q3 24 | $4.0B | $11.1B | ||
| Q2 24 | $3.7B | $9.7B | ||
| Q1 24 | $3.4B | $9.5B |
| Q4 25 | $42.7B | $156.6B | ||
| Q3 25 | $36.7B | $152.0B | ||
| Q2 25 | $32.9B | $133.5B | ||
| Q1 25 | $27.7B | $128.2B | ||
| Q4 24 | $25.2B | $118.7B | ||
| Q3 24 | $22.6B | $120.3B | ||
| Q2 24 | $20.0B | $109.9B | ||
| Q1 24 | $19.1B | $106.0B |
| Q4 25 | 0.68× | 0.42× | ||
| Q3 25 | 0.55× | 0.44× | ||
| Q2 25 | 0.61× | 0.48× | ||
| Q1 25 | 0.57× | 0.50× | ||
| Q4 24 | 0.66× | 0.47× | ||
| Q3 24 | 0.78× | 0.46× | ||
| Q2 24 | 0.67× | 0.52× | ||
| Q1 24 | 0.66× | 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 | $5.2B | $7.3B |
| Free Cash FlowOCF − Capex | $4.8B | — |
| FCF MarginFCF / Revenue | 77.9% | — |
| Capex IntensityCapex / Revenue | 7.0% | — |
| Cash ConversionOCF / Net Profit | 9.32× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | $10.8B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.2B | $7.3B | ||
| Q3 25 | $3.0B | $-990.0M | ||
| Q2 25 | $2.9B | $-820.0M | ||
| Q1 25 | $1.0B | $-1.4B | ||
| Q4 24 | $2.9B | $17.1B | ||
| Q3 24 | $1.6B | $-1.1B | ||
| Q2 24 | $1.9B | $-967.0M | ||
| Q1 24 | $1.5B | $-5.7B |
| Q4 25 | $4.8B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $759.0M | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | 77.9% | — | ||
| Q3 25 | 50.0% | — | ||
| Q2 25 | 54.8% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 59.8% | — | ||
| Q3 24 | 35.4% | — | ||
| Q2 24 | 45.1% | — | ||
| Q1 24 | 44.1% | — |
| Q4 25 | 7.0% | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 4.9% | — | ||
| Q1 24 | 4.7% | — |
| Q4 25 | 9.32× | 15.83× | ||
| Q3 25 | 7.03× | -3.91× | ||
| Q2 25 | 5.58× | -4.56× | ||
| Q1 25 | 2.09× | -5.00× | ||
| Q4 24 | 4.58× | 115.81× | ||
| Q3 24 | 4.03× | -6.84× | ||
| Q2 24 | 3.54× | -4.76× | ||
| Q1 24 | 4.40× | -27.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MELI
| Commerce | $2.8B | 45% |
| Argentina Segment | $1.6B | 26% |
| Products | $1.2B | 20% |
| Other Countries Segment | $414.0M | 7% |
RGA
Segment breakdown not available.
