vs
Side-by-side financial comparison of Murphy USA Inc. (MUSA) 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× Murphy USA Inc.). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 7.0% vs 3.0%, a 4.0% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 0.7%). Over the past eight quarters, REINSURANCE GROUP OF AMERICA INC's revenue compounded faster (2.3% CAGR vs -1.0%).
Murphy USA is an American corporation based in El Dorado, Arkansas that operates a chain of retail gas stations that are primarily located in proximity to Walmart stores. It was founded as a spin-off of Murphy Oil in 2013.
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.
MUSA vs RGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $6.6B |
| Net Profit | $141.9M | $463.0M |
| Gross Margin | — | — |
| Operating Margin | 4.4% | 7.7% |
| Net Margin | 3.0% | 7.0% |
| Revenue YoY | 0.7% | 26.6% |
| Net Profit YoY | -0.4% | 212.8% |
| EPS (diluted) | $7.35 | $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 | $5.1B | $6.2B | ||
| Q2 25 | $5.0B | $5.6B | ||
| Q1 25 | $4.5B | $5.3B | ||
| Q4 24 | $4.7B | $5.2B | ||
| Q3 24 | $5.2B | $5.7B | ||
| Q2 24 | $5.5B | $4.9B | ||
| Q1 24 | $4.8B | $6.3B |
| Q4 25 | $141.9M | $463.0M | ||
| Q3 25 | $129.9M | $253.0M | ||
| Q2 25 | $145.6M | $180.0M | ||
| Q1 25 | $53.2M | $286.0M | ||
| Q4 24 | $142.5M | $148.0M | ||
| Q3 24 | $149.2M | $156.0M | ||
| Q2 24 | $144.8M | $203.0M | ||
| Q1 24 | $66.0M | $210.0M |
| Q4 25 | 4.4% | 7.7% | ||
| Q3 25 | 3.9% | 5.2% | ||
| Q2 25 | 4.4% | 6.1% | ||
| Q1 25 | 1.9% | 7.0% | ||
| Q4 24 | 4.2% | 4.3% | ||
| Q3 24 | 4.2% | 3.8% | ||
| Q2 24 | 4.0% | 5.5% | ||
| Q1 24 | 2.2% | 4.3% |
| Q4 25 | 3.0% | 7.0% | ||
| Q3 25 | 2.5% | 4.1% | ||
| Q2 25 | 2.9% | 3.2% | ||
| Q1 25 | 1.2% | 5.4% | ||
| Q4 24 | 3.0% | 2.8% | ||
| Q3 24 | 2.8% | 2.8% | ||
| Q2 24 | 2.7% | 4.2% | ||
| Q1 24 | 1.4% | 3.3% |
| Q4 25 | $7.35 | $6.91 | ||
| Q3 25 | $6.76 | $3.81 | ||
| Q2 25 | $7.36 | $2.70 | ||
| Q1 25 | $2.63 | $4.27 | ||
| Q4 24 | $6.87 | $2.21 | ||
| Q3 24 | $7.20 | $2.33 | ||
| Q2 24 | $6.92 | $3.03 | ||
| Q1 24 | $3.12 | $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 | $28.9M | $4.2B |
| Total DebtLower is stronger | $2.2B | $5.7B |
| Stockholders' EquityBook value | $623.5M | $13.5B |
| Total Assets | $4.7B | $156.6B |
| Debt / EquityLower = less leverage | 3.47× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $4.2B | ||
| Q3 25 | $42.8M | $4.6B | ||
| Q2 25 | $54.1M | $5.4B | ||
| Q1 25 | $49.4M | $5.2B | ||
| Q4 24 | $47.0M | $3.3B | ||
| Q3 24 | $52.5M | $5.2B | ||
| Q2 24 | $79.8M | $4.6B | ||
| Q1 24 | $56.7M | $5.9B |
| Q4 25 | $2.2B | $5.7B | ||
| Q3 25 | $2.2B | $5.7B | ||
| Q2 25 | $2.1B | $5.7B | ||
| Q1 25 | $2.0B | $5.7B | ||
| Q4 24 | $1.8B | $5.0B | ||
| Q3 24 | $1.8B | $5.1B | ||
| Q2 24 | $1.8B | $5.1B | ||
| Q1 24 | $1.8B | $4.4B |
| Q4 25 | $623.5M | $13.5B | ||
| Q3 25 | $546.0M | $13.0B | ||
| Q2 25 | $646.1M | $12.1B | ||
| Q1 25 | $719.6M | $11.4B | ||
| Q4 24 | $840.1M | $10.8B | ||
| Q3 24 | $830.1M | $11.1B | ||
| Q2 24 | $811.3M | $9.7B | ||
| Q1 24 | $781.6M | $9.5B |
| Q4 25 | $4.7B | $156.6B | ||
| Q3 25 | $4.7B | $152.0B | ||
| Q2 25 | $4.6B | $133.5B | ||
| Q1 25 | $4.5B | $128.2B | ||
| Q4 24 | $4.5B | $118.7B | ||
| Q3 24 | $4.4B | $120.3B | ||
| Q2 24 | $4.4B | $109.9B | ||
| Q1 24 | $4.3B | $106.0B |
| Q4 25 | 3.47× | 0.42× | ||
| Q3 25 | 4.07× | 0.44× | ||
| Q2 25 | 3.20× | 0.48× | ||
| Q1 25 | 2.74× | 0.50× | ||
| Q4 24 | 2.18× | 0.47× | ||
| Q3 24 | 2.19× | 0.46× | ||
| Q2 24 | 2.20× | 0.52× | ||
| Q1 24 | 2.28× | 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 | $245.5M | $7.3B |
| Free Cash FlowOCF − Capex | $128.8M | — |
| FCF MarginFCF / Revenue | 2.7% | — |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | 1.73× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | $374.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $245.5M | $7.3B | ||
| Q3 25 | $184.8M | $-990.0M | ||
| Q2 25 | $255.1M | $-820.0M | ||
| Q1 25 | $128.5M | $-1.4B | ||
| Q4 24 | $248.7M | $17.1B | ||
| Q3 24 | $202.1M | $-1.1B | ||
| Q2 24 | $260.8M | $-967.0M | ||
| Q1 24 | $136.0M | $-5.7B |
| Q4 25 | $128.8M | — | ||
| Q3 25 | $67.7M | — | ||
| Q2 25 | $137.1M | — | ||
| Q1 25 | $40.7M | — | ||
| Q4 24 | $121.7M | — | ||
| Q3 24 | $65.2M | — | ||
| Q2 24 | $142.8M | — | ||
| Q1 24 | $59.8M | — |
| Q4 25 | 2.7% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 1.2% | — |
| Q4 25 | 2.5% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 1.6% | — |
| Q4 25 | 1.73× | 15.83× | ||
| Q3 25 | 1.42× | -3.91× | ||
| Q2 25 | 1.75× | -4.56× | ||
| Q1 25 | 2.42× | -5.00× | ||
| Q4 24 | 1.75× | 115.81× | ||
| Q3 24 | 1.35× | -6.84× | ||
| Q2 24 | 1.80× | -4.76× | ||
| Q1 24 | 2.06× | -27.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MUSA
| Product Sales Petroleum Retail | $3.3B | 69% |
| Merchandise | $1.1B | 23% |
| Product Sales Petroleum Wholesale | $327.9M | 7% |
| Other | $57.0M | 1% |
| Renewable Identification Numbers | $55.3M | 1% |
| Revenue Other | $1.3M | 0% |
RGA
Segment breakdown not available.
