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Side-by-side financial comparison of Parker Hannifin (PH) 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 $6.2B, roughly 1.1× Parker Hannifin). Parker Hannifin runs the higher net margin — 14.6% vs 7.0%, a 7.7% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 10.6%). Over the past eight quarters, Parker Hannifin's revenue compounded faster (9.1% CAGR vs 2.3%).

Parker-Hannifin Corporation, originally Parker Appliance Company, usually referred to as just Parker, is an American corporation specializing in motion and control technologies. Its corporate headquarters are in Mayfield Heights, Ohio, in Greater Cleveland.

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.

PH vs RGA — Head-to-Head

Bigger by revenue
RGA
RGA
1.1× larger
RGA
$6.6B
$6.2B
PH
Growing faster (revenue YoY)
RGA
RGA
+16.0% gap
RGA
26.6%
10.6%
PH
Higher net margin
PH
PH
7.7% more per $
PH
14.6%
7.0%
RGA
Faster 2-yr revenue CAGR
PH
PH
Annualised
PH
9.1%
2.3%
RGA

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
PH
PH
RGA
RGA
Revenue
$6.2B
$6.6B
Net Profit
$904.0M
$463.0M
Gross Margin
43.8%
Operating Margin
7.7%
Net Margin
14.6%
7.0%
Revenue YoY
10.6%
26.6%
Net Profit YoY
-5.9%
212.8%
EPS (diluted)
$7.06
$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.

Revenue
PH
PH
RGA
RGA
Q1 26
$6.2B
Q4 25
$5.2B
$6.6B
Q3 25
$5.1B
$6.2B
Q2 25
$5.2B
$5.6B
Q1 25
$5.0B
$5.3B
Q4 24
$4.7B
$5.2B
Q3 24
$4.9B
$5.7B
Q2 24
$5.2B
$4.9B
Net Profit
PH
PH
RGA
RGA
Q1 26
$904.0M
Q4 25
$463.0M
Q3 25
$253.0M
Q2 25
$923.6M
$180.0M
Q1 25
$961.2M
$286.0M
Q4 24
$948.6M
$148.0M
Q3 24
$698.5M
$156.0M
Q2 24
$785.1M
$203.0M
Gross Margin
PH
PH
RGA
RGA
Q1 26
43.8%
Q4 25
37.3%
Q3 25
37.5%
Q2 25
37.3%
Q1 25
36.9%
Q4 24
36.3%
Q3 24
36.8%
Q2 24
35.9%
Operating Margin
PH
PH
RGA
RGA
Q1 26
Q4 25
22.8%
7.7%
Q3 25
23.3%
5.2%
Q2 25
22.7%
6.1%
Q1 25
22.3%
7.0%
Q4 24
20.9%
4.3%
Q3 24
21.6%
3.8%
Q2 24
21.1%
5.5%
Net Margin
PH
PH
RGA
RGA
Q1 26
14.6%
Q4 25
7.0%
Q3 25
4.1%
Q2 25
17.6%
3.2%
Q1 25
19.4%
5.4%
Q4 24
20.0%
2.8%
Q3 24
14.2%
2.8%
Q2 24
15.1%
4.2%
EPS (diluted)
PH
PH
RGA
RGA
Q1 26
$7.06
Q4 25
$6.60
$6.91
Q3 25
$6.29
$3.81
Q2 25
$7.16
$2.70
Q1 25
$7.37
$4.27
Q4 24
$7.25
$2.21
Q3 24
$5.34
$2.33
Q2 24
$6.06
$3.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PH
PH
RGA
RGA
Cash + ST InvestmentsLiquidity on hand
$476.0M
$4.2B
Total DebtLower is stronger
$6.8B
$5.7B
Stockholders' EquityBook value
$14.6B
$13.5B
Total Assets
$30.7B
$156.6B
Debt / EquityLower = less leverage
0.46×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PH
PH
RGA
RGA
Q1 26
$476.0M
Q4 25
$427.0M
$4.2B
Q3 25
$473.0M
$4.6B
Q2 25
$467.0M
$5.4B
Q1 25
$408.7M
$5.2B
Q4 24
$395.5M
$3.3B
Q3 24
$371.1M
$5.2B
Q2 24
$422.0M
$4.6B
Total Debt
PH
PH
RGA
RGA
Q1 26
$6.8B
Q4 25
$7.5B
$5.7B
Q3 25
$7.5B
$5.7B
Q2 25
$7.5B
$5.7B
Q1 25
$7.4B
$5.7B
Q4 24
$6.7B
$5.0B
Q3 24
$6.7B
$5.1B
Q2 24
$7.2B
$5.1B
Stockholders' Equity
PH
PH
RGA
RGA
Q1 26
$14.6B
Q4 25
$14.3B
$13.5B
Q3 25
$13.8B
$13.0B
Q2 25
$13.7B
$12.1B
Q1 25
$13.4B
$11.4B
Q4 24
$13.1B
$10.8B
Q3 24
$12.9B
$11.1B
Q2 24
$12.1B
$9.7B
Total Assets
PH
PH
RGA
RGA
Q1 26
$30.7B
Q4 25
$30.5B
$156.6B
Q3 25
$30.7B
$152.0B
Q2 25
$29.5B
$133.5B
Q1 25
$28.9B
$128.2B
Q4 24
$28.3B
$118.7B
Q3 24
$29.6B
$120.3B
Q2 24
$29.3B
$109.9B
Debt / Equity
PH
PH
RGA
RGA
Q1 26
0.46×
Q4 25
0.52×
0.42×
Q3 25
0.54×
0.44×
Q2 25
0.55×
0.48×
Q1 25
0.55×
0.50×
Q4 24
0.51×
0.47×
Q3 24
0.52×
0.46×
Q2 24
0.59×
0.52×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PH
PH
RGA
RGA
Operating Cash FlowLast quarter
$2.6B
$7.3B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
2.91×
15.83×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PH
PH
RGA
RGA
Q1 26
$2.6B
Q4 25
$862.0M
$7.3B
Q3 25
$782.0M
$-990.0M
Q2 25
$1.5B
$-820.0M
Q1 25
$630.0M
$-1.4B
Q4 24
$934.8M
$17.1B
Q3 24
$744.0M
$-1.1B
Q2 24
$1.2B
$-967.0M
Free Cash Flow
PH
PH
RGA
RGA
Q1 26
Q4 25
$768.0M
Q3 25
$693.0M
Q2 25
$1.3B
Q1 25
$542.4M
Q4 24
$813.6M
Q3 24
$648.7M
Q2 24
$1.1B
FCF Margin
PH
PH
RGA
RGA
Q1 26
Q4 25
14.8%
Q3 25
13.6%
Q2 25
25.5%
Q1 25
10.9%
Q4 24
17.2%
Q3 24
13.2%
Q2 24
21.6%
Capex Intensity
PH
PH
RGA
RGA
Q1 26
4.6%
Q4 25
1.8%
Q3 25
1.8%
Q2 25
2.5%
Q1 25
1.8%
Q4 24
2.6%
Q3 24
1.9%
Q2 24
2.3%
Cash Conversion
PH
PH
RGA
RGA
Q1 26
2.91×
Q4 25
15.83×
Q3 25
-3.91×
Q2 25
1.59×
-4.56×
Q1 25
0.66×
-5.00×
Q4 24
0.99×
115.81×
Q3 24
1.07×
-6.84×
Q2 24
1.58×
-4.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PH
PH

Diversified Industrial$3.7B60%
Aerospace Systems$1.8B29%
Other$685.0M11%

RGA
RGA

Segment breakdown not available.

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