vs
Side-by-side financial comparison of PulteGroup (PHM) 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 $3.4B, roughly 1.9× PulteGroup). PulteGroup runs the higher net margin — 10.2% vs 7.0%, a 3.2% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs -12.4%). Over the past eight quarters, REINSURANCE GROUP OF AMERICA INC's revenue compounded faster (2.3% CAGR vs -13.9%).
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
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.
PHM vs RGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.4B | $6.6B |
| Net Profit | $347.0M | $463.0M |
| Gross Margin | — | — |
| Operating Margin | — | 7.7% |
| Net Margin | 10.2% | 7.0% |
| Revenue YoY | -12.4% | 26.6% |
| Net Profit YoY | — | 212.8% |
| EPS (diluted) | — | $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.
| Q1 26 | $3.4B | — | ||
| Q4 25 | $4.6B | $6.6B | ||
| Q3 25 | $4.4B | $6.2B | ||
| Q2 25 | $4.4B | $5.6B | ||
| Q1 25 | $3.9B | $5.3B | ||
| Q4 24 | $4.9B | $5.2B | ||
| Q3 24 | $4.5B | $5.7B | ||
| Q2 24 | $4.6B | $4.9B |
| Q1 26 | $347.0M | — | ||
| Q4 25 | $501.6M | $463.0M | ||
| Q3 25 | $585.8M | $253.0M | ||
| Q2 25 | $608.5M | $180.0M | ||
| Q1 25 | $522.8M | $286.0M | ||
| Q4 24 | $913.2M | $148.0M | ||
| Q3 24 | $697.9M | $156.0M | ||
| Q2 24 | $809.1M | $203.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 27.8% | — | ||
| Q2 25 | 28.6% | — | ||
| Q1 25 | 28.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 30.4% | — | ||
| Q2 24 | 31.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 7.0% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 5.5% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 10.9% | 7.0% | ||
| Q3 25 | 13.3% | 4.1% | ||
| Q2 25 | 13.8% | 3.2% | ||
| Q1 25 | 13.4% | 5.4% | ||
| Q4 24 | 18.6% | 2.8% | ||
| Q3 24 | 15.6% | 2.8% | ||
| Q2 24 | 17.6% | 4.2% |
| Q1 26 | — | — | ||
| Q4 25 | $2.56 | $6.91 | ||
| Q3 25 | $2.96 | $3.81 | ||
| Q2 25 | $3.03 | $2.70 | ||
| Q1 25 | $2.57 | $4.27 | ||
| Q4 24 | $4.41 | $2.21 | ||
| Q3 24 | $3.35 | $2.33 | ||
| Q2 24 | $3.83 | $3.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8B | $4.2B |
| Total DebtLower is stronger | — | $5.7B |
| Stockholders' EquityBook value | $13.0B | $13.5B |
| Total Assets | $5.2B | $156.6B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.0B | $4.2B | ||
| Q3 25 | $1.5B | $4.6B | ||
| Q2 25 | $1.2B | $5.4B | ||
| Q1 25 | $1.2B | $5.2B | ||
| Q4 24 | $1.6B | $3.3B | ||
| Q3 24 | $1.4B | $5.2B | ||
| Q2 24 | $1.4B | $4.6B |
| Q1 26 | — | — | ||
| Q4 25 | $43.9M | $5.7B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | $31.1M | $5.0B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.1B |
| Q1 26 | $13.0B | — | ||
| Q4 25 | $13.0B | $13.5B | ||
| Q3 25 | $12.8B | $13.0B | ||
| Q2 25 | $12.6B | $12.1B | ||
| Q1 25 | $12.3B | $11.4B | ||
| Q4 24 | $12.1B | $10.8B | ||
| Q3 24 | $11.6B | $11.1B | ||
| Q2 24 | $11.2B | $9.7B |
| Q1 26 | $5.2B | — | ||
| Q4 25 | $18.0B | $156.6B | ||
| Q3 25 | $17.9B | $152.0B | ||
| Q2 25 | $17.6B | $133.5B | ||
| Q1 25 | $17.3B | $128.2B | ||
| Q4 24 | $17.4B | $118.7B | ||
| Q3 24 | $17.0B | $120.3B | ||
| Q2 24 | $16.5B | $109.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | 0.42× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | 0.00× | 0.47× | ||
| Q3 24 | — | 0.46× | ||
| Q2 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $159.8M | $7.3B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | 0.46× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $159.8M | — | ||
| Q4 25 | $771.1M | $7.3B | ||
| Q3 25 | $678.4M | $-990.0M | ||
| Q2 25 | $287.5M | $-820.0M | ||
| Q1 25 | $134.2M | $-1.4B | ||
| Q4 24 | $567.6M | $17.1B | ||
| Q3 24 | $455.9M | $-1.1B | ||
| Q2 24 | $417.5M | $-967.0M |
| Q1 26 | — | — | ||
| Q4 25 | $739.8M | — | ||
| Q3 25 | $651.1M | — | ||
| Q2 25 | $253.0M | — | ||
| Q1 25 | $104.6M | — | ||
| Q4 24 | $543.1M | — | ||
| Q3 24 | $417.2M | — | ||
| Q2 24 | $386.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | — | ||
| Q3 25 | 14.8% | — | ||
| Q2 25 | 5.7% | — | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 11.0% | — | ||
| Q3 24 | 9.3% | — | ||
| Q2 24 | 8.4% | — |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 0.7% | — |
| Q1 26 | 0.46× | — | ||
| Q4 25 | 1.54× | 15.83× | ||
| Q3 25 | 1.16× | -3.91× | ||
| Q2 25 | 0.47× | -4.56× | ||
| Q1 25 | 0.26× | -5.00× | ||
| Q4 24 | 0.62× | 115.81× | ||
| Q3 24 | 0.65× | -6.84× | ||
| Q2 24 | 0.52× | -4.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
RGA
Segment breakdown not available.
