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Side-by-side financial comparison of NextEra Energy (NEE) 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 $6.0B, roughly 1.1× NextEra Energy). NextEra Energy runs the higher net margin — 25.6% vs 7.0%, a 18.6% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 11.1%). Over the past eight quarters, NextEra Energy's revenue compounded faster (5.4% CAGR vs 2.3%).
NextEra Energy, Inc. is an American energy company that is the world's largest electric utility holding company by market capitalization, with a valuation of over $170 billion as of Oct 2024. NextEra Energy had revenues of $24.8 billion and 16,700 employees throughout the US and Canada in 2024. It has a current generating capacity of 73 gigawatts. Its subsidiaries include Florida Power & Light (FPL), NextEra Energy Resources (NEER), XPLR Energy Partners, and NextEra Energy Services.
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.
NEE vs RGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $6.6B |
| Net Profit | $1.5B | $463.0M |
| Gross Margin | — | — |
| Operating Margin | 26.4% | 7.7% |
| Net Margin | 25.6% | 7.0% |
| Revenue YoY | 11.1% | 26.6% |
| Net Profit YoY | 27.6% | 212.8% |
| EPS (diluted) | $0.74 | $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 | $6.0B | $6.6B | ||
| Q3 25 | $7.4B | $6.2B | ||
| Q2 25 | $6.4B | $5.6B | ||
| Q1 25 | $6.0B | $5.3B | ||
| Q4 24 | $5.4B | $5.2B | ||
| Q3 24 | $6.7B | $5.7B | ||
| Q2 24 | $6.0B | $4.9B | ||
| Q1 24 | $5.4B | $6.3B |
| Q4 25 | $1.5B | $463.0M | ||
| Q3 25 | $2.4B | $253.0M | ||
| Q2 25 | $2.0B | $180.0M | ||
| Q1 25 | $833.0M | $286.0M | ||
| Q4 24 | $1.2B | $148.0M | ||
| Q3 24 | $1.9B | $156.0M | ||
| Q2 24 | $1.6B | $203.0M | ||
| Q1 24 | $2.3B | $210.0M |
| Q4 25 | 26.4% | 7.7% | ||
| Q3 25 | 34.1% | 5.2% | ||
| Q2 25 | 29.9% | 6.1% | ||
| Q1 25 | 37.6% | 7.0% | ||
| Q4 24 | 17.4% | 4.3% | ||
| Q3 24 | 42.6% | 3.8% | ||
| Q2 24 | 27.8% | 5.5% | ||
| Q1 24 | 37.3% | 4.3% |
| Q4 25 | 25.6% | 7.0% | ||
| Q3 25 | 32.9% | 4.1% | ||
| Q2 25 | 31.7% | 3.2% | ||
| Q1 25 | 13.9% | 5.4% | ||
| Q4 24 | 22.3% | 2.8% | ||
| Q3 24 | 27.6% | 2.8% | ||
| Q2 24 | 27.0% | 4.2% | ||
| Q1 24 | 42.0% | 3.3% |
| Q4 25 | $0.74 | $6.91 | ||
| Q3 25 | $1.18 | $3.81 | ||
| Q2 25 | $0.98 | $2.70 | ||
| Q1 25 | $0.40 | $4.27 | ||
| Q4 24 | $0.58 | $2.21 | ||
| Q3 24 | $0.90 | $2.33 | ||
| Q2 24 | $0.79 | $3.03 | ||
| Q1 24 | $1.10 | $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 | $2.8B | $4.2B |
| Total DebtLower is stronger | — | $5.7B |
| Stockholders' EquityBook value | $54.6B | $13.5B |
| Total Assets | $212.7B | $156.6B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.8B | $4.2B | ||
| Q3 25 | $2.4B | $4.6B | ||
| Q2 25 | $1.7B | $5.4B | ||
| Q1 25 | $2.4B | $5.2B | ||
| Q4 24 | $1.5B | $3.3B | ||
| Q3 24 | $2.3B | $5.2B | ||
| Q2 24 | $1.6B | $4.6B | ||
| Q1 24 | $1.6B | $5.9B |
| 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 24 | — | $4.4B |
| Q4 25 | $54.6B | $13.5B | ||
| Q3 25 | $54.2B | $13.0B | ||
| Q2 25 | $50.8B | $12.1B | ||
| Q1 25 | $49.8B | $11.4B | ||
| Q4 24 | $50.1B | $10.8B | ||
| Q3 24 | $50.1B | $11.1B | ||
| Q2 24 | $49.1B | $9.7B | ||
| Q1 24 | $48.6B | $9.5B |
| Q4 25 | $212.7B | $156.6B | ||
| Q3 25 | $204.4B | $152.0B | ||
| Q2 25 | $198.8B | $133.5B | ||
| Q1 25 | $194.3B | $128.2B | ||
| Q4 24 | $190.1B | $118.7B | ||
| Q3 24 | $186.0B | $120.3B | ||
| Q2 24 | $184.7B | $109.9B | ||
| Q1 24 | $179.9B | $106.0B |
| 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× | ||
| Q1 24 | — | 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 | $2.5B | $7.3B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.63× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | $7.3B | ||
| Q3 25 | $4.0B | $-990.0M | ||
| Q2 25 | $3.2B | $-820.0M | ||
| Q1 25 | $2.8B | $-1.4B | ||
| Q4 24 | $2.0B | $17.1B | ||
| Q3 24 | $4.3B | $-1.1B | ||
| Q2 24 | $3.9B | $-967.0M | ||
| Q1 24 | $3.1B | $-5.7B |
| Q4 25 | 1.63× | 15.83× | ||
| Q3 25 | 1.65× | -3.91× | ||
| Q2 25 | 1.57× | -4.56× | ||
| Q1 25 | 3.32× | -5.00× | ||
| Q4 24 | 1.65× | 115.81× | ||
| Q3 24 | 2.31× | -6.84× | ||
| Q2 24 | 2.42× | -4.76× | ||
| Q1 24 | 1.36× | -27.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NEE
| Florida Power Light Company | $4.3B | 71% |
| Other | $1.7B | 29% |
RGA
Segment breakdown not available.
