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Side-by-side financial comparison of Nike, Inc. (NKE) and REINSURANCE GROUP OF AMERICA INC (RGA). Click either name above to swap in a different company.
Nike, Inc. is the larger business by last-quarter revenue ($12.4B vs $6.6B, roughly 1.9× REINSURANCE GROUP OF AMERICA INC). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 7.0% vs 6.4%, a 0.6% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 0.6%). Over the past eight quarters, REINSURANCE GROUP OF AMERICA INC's revenue compounded faster (2.3% CAGR vs -0.0%).
Nike often refers to:Nike, Inc., a major American producer of athletic shoes, apparel, and sports equipment Nike (mythology), a Greek goddess who personifies victory
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.
NKE vs RGA — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.4B | $6.6B |
| Net Profit | $792.0M | $463.0M |
| Gross Margin | 40.6% | — |
| Operating Margin | — | 7.7% |
| Net Margin | 6.4% | 7.0% |
| Revenue YoY | 0.6% | 26.6% |
| Net Profit YoY | -31.9% | 212.8% |
| EPS (diluted) | $0.53 | $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 | $12.4B | $6.6B | ||
| Q3 25 | $11.7B | $6.2B | ||
| Q2 25 | $11.1B | $5.6B | ||
| Q1 25 | $11.3B | $5.3B | ||
| Q4 24 | $12.4B | $5.2B | ||
| Q3 24 | $11.6B | $5.7B | ||
| Q2 24 | $12.6B | $4.9B | ||
| Q1 24 | $12.4B | $6.3B |
| Q4 25 | $792.0M | $463.0M | ||
| Q3 25 | $727.0M | $253.0M | ||
| Q2 25 | $211.0M | $180.0M | ||
| Q1 25 | $794.0M | $286.0M | ||
| Q4 24 | $1.2B | $148.0M | ||
| Q3 24 | $1.1B | $156.0M | ||
| Q2 24 | $1.5B | $203.0M | ||
| Q1 24 | $1.2B | $210.0M |
| Q4 25 | 40.6% | — | ||
| Q3 25 | 42.2% | — | ||
| Q2 25 | 40.3% | — | ||
| Q1 25 | 41.5% | — | ||
| Q4 24 | 43.6% | — | ||
| Q3 24 | 45.4% | — | ||
| Q2 24 | 44.7% | — | ||
| Q1 24 | 44.8% | — |
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | 2.9% | 6.1% | ||
| Q1 25 | 7.5% | 7.0% | ||
| Q4 24 | 11.5% | 4.3% | ||
| Q3 24 | 11.3% | 3.8% | ||
| Q2 24 | 13.7% | 5.5% | ||
| Q1 24 | 11.3% | 4.3% |
| Q4 25 | 6.4% | 7.0% | ||
| Q3 25 | 6.2% | 4.1% | ||
| Q2 25 | 1.9% | 3.2% | ||
| Q1 25 | 7.0% | 5.4% | ||
| Q4 24 | 9.4% | 2.8% | ||
| Q3 24 | 9.1% | 2.8% | ||
| Q2 24 | 11.9% | 4.2% | ||
| Q1 24 | 9.4% | 3.3% |
| Q4 25 | $0.53 | $6.91 | ||
| Q3 25 | $0.49 | $3.81 | ||
| Q2 25 | $0.14 | $2.70 | ||
| Q1 25 | $0.54 | $4.27 | ||
| Q4 24 | $0.78 | $2.21 | ||
| Q3 24 | $0.70 | $2.33 | ||
| Q2 24 | $0.99 | $3.03 | ||
| Q1 24 | $0.77 | $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 | $7.0B | $4.2B |
| Total DebtLower is stronger | — | $5.7B |
| Stockholders' EquityBook value | $14.1B | $13.5B |
| Total Assets | $37.8B | $156.6B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.0B | $4.2B | ||
| Q3 25 | $7.0B | $4.6B | ||
| Q2 25 | $7.5B | $5.4B | ||
| Q1 25 | $8.6B | $5.2B | ||
| Q4 24 | $8.0B | $3.3B | ||
| Q3 24 | $8.5B | $5.2B | ||
| Q2 24 | $9.9B | $4.6B | ||
| Q1 24 | $9.0B | $5.9B |
| Q4 25 | — | $5.7B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | $8.0B | $5.7B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | $8.9B | $5.1B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $14.1B | $13.5B | ||
| Q3 25 | $13.5B | $13.0B | ||
| Q2 25 | $13.2B | $12.1B | ||
| Q1 25 | $14.0B | $11.4B | ||
| Q4 24 | $14.0B | $10.8B | ||
| Q3 24 | $13.9B | $11.1B | ||
| Q2 24 | $14.4B | $9.7B | ||
| Q1 24 | $14.2B | $9.5B |
| Q4 25 | $37.8B | $156.6B | ||
| Q3 25 | $37.3B | $152.0B | ||
| Q2 25 | $36.6B | $133.5B | ||
| Q1 25 | $37.8B | $128.2B | ||
| Q4 24 | $38.0B | $118.7B | ||
| Q3 24 | $37.9B | $120.3B | ||
| Q2 24 | $38.1B | $109.9B | ||
| Q1 24 | $37.4B | $106.0B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | 0.60× | 0.48× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.46× | ||
| Q2 24 | 0.62× | 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 | $579.0M | $7.3B |
| Free Cash FlowOCF − Capex | $386.0M | — |
| FCF MarginFCF / Revenue | 3.1% | — |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | 0.73× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $579.0M | $7.3B | ||
| Q3 25 | $222.0M | $-990.0M | ||
| Q2 25 | $463.0M | $-820.0M | ||
| Q1 25 | $1.8B | $-1.4B | ||
| Q4 24 | $1.0B | $17.1B | ||
| Q3 24 | $394.0M | $-1.1B | ||
| Q2 24 | $2.6B | $-967.0M | ||
| Q1 24 | $2.1B | $-5.7B |
| Q4 25 | $386.0M | — | ||
| Q3 25 | $15.0M | — | ||
| Q2 25 | $363.0M | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $920.0M | — | ||
| Q3 24 | $274.0M | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $1.9B | — |
| Q4 25 | 3.1% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 15.2% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 19.1% | — | ||
| Q1 24 | 15.4% | — |
| Q4 25 | 1.6% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 0.73× | 15.83× | ||
| Q3 25 | 0.31× | -3.91× | ||
| Q2 25 | 2.19× | -4.56× | ||
| Q1 25 | 2.26× | -5.00× | ||
| Q4 24 | 0.90× | 115.81× | ||
| Q3 24 | 0.37× | -6.84× | ||
| Q2 24 | 1.75× | -4.76× | ||
| Q1 24 | 1.76× | -27.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NKE
| Footwear | $7.7B | 62% |
| Apparel | $3.9B | 31% |
| Sporting Equipment | $550.0M | 4% |
| Converse Segment | $300.0M | 2% |
| Sales Channel Other | $9.0M | 0% |
RGA
Segment breakdown not available.
