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Side-by-side financial comparison of REINSURANCE GROUP OF AMERICA INC (RGA) and WESCO INTERNATIONAL INC (WCC). 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 $6.1B, roughly 1.1× WESCO INTERNATIONAL INC). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 7.0% vs 2.6%, a 4.3% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 10.3%). Over the past eight quarters, WESCO INTERNATIONAL INC's revenue compounded faster (6.5% CAGR vs 2.3%).
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.
Wesco International, Inc. is a publicly traded American holding company for Wesco Distribution, an electrical distribution and services company based in Pittsburgh, Pennsylvania.
RGA vs WCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.6B | $6.1B |
| Net Profit | $463.0M | $159.8M |
| Gross Margin | — | 21.2% |
| Operating Margin | 7.7% | 5.3% |
| Net Margin | 7.0% | 2.6% |
| Revenue YoY | 26.6% | 10.3% |
| Net Profit YoY | 212.8% | -3.4% |
| EPS (diluted) | $6.91 | $3.33 |
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 | $6.6B | $6.1B | ||
| Q3 25 | $6.2B | $6.2B | ||
| Q2 25 | $5.6B | $5.9B | ||
| Q1 25 | $5.3B | $5.3B | ||
| Q4 24 | $5.2B | $5.5B | ||
| Q3 24 | $5.7B | $5.5B | ||
| Q2 24 | $4.9B | $5.5B | ||
| Q1 24 | $6.3B | $5.3B |
| Q4 25 | $463.0M | $159.8M | ||
| Q3 25 | $253.0M | $187.5M | ||
| Q2 25 | $180.0M | $174.5M | ||
| Q1 25 | $286.0M | $118.4M | ||
| Q4 24 | $148.0M | $165.4M | ||
| Q3 24 | $156.0M | $204.3M | ||
| Q2 24 | $203.0M | $232.1M | ||
| Q1 24 | $210.0M | $115.8M |
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | — | 21.2% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 21.3% |
| Q4 25 | 7.7% | 5.3% | ||
| Q3 25 | 5.2% | 5.6% | ||
| Q2 25 | 6.1% | 5.5% | ||
| Q1 25 | 7.0% | 4.5% | ||
| Q4 24 | 4.3% | 5.5% | ||
| Q3 24 | 3.8% | 6.1% | ||
| Q2 24 | 5.5% | 5.9% | ||
| Q1 24 | 4.3% | 4.9% |
| Q4 25 | 7.0% | 2.6% | ||
| Q3 25 | 4.1% | 3.0% | ||
| Q2 25 | 3.2% | 3.0% | ||
| Q1 25 | 5.4% | 2.2% | ||
| Q4 24 | 2.8% | 3.0% | ||
| Q3 24 | 2.8% | 3.7% | ||
| Q2 24 | 4.2% | 4.2% | ||
| Q1 24 | 3.3% | 2.2% |
| Q4 25 | $6.91 | $3.33 | ||
| Q3 25 | $3.81 | $3.79 | ||
| Q2 25 | $2.70 | $3.83 | ||
| Q1 25 | $4.27 | $2.10 | ||
| Q4 24 | $2.21 | $3.01 | ||
| Q3 24 | $2.33 | $3.81 | ||
| Q2 24 | $3.03 | $4.28 | ||
| Q1 24 | $3.16 | $1.95 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.2B | — |
| Total DebtLower is stronger | $5.7B | — |
| Stockholders' EquityBook value | $13.5B | $5.0B |
| Total Assets | $156.6B | $16.5B |
| Debt / EquityLower = less leverage | 0.42× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.6B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $4.6B | — | ||
| Q1 24 | $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 | $13.5B | $5.0B | ||
| Q3 25 | $13.0B | $4.8B | ||
| Q2 25 | $12.1B | $4.8B | ||
| Q1 25 | $11.4B | $5.0B | ||
| Q4 24 | $10.8B | $5.0B | ||
| Q3 24 | $11.1B | $5.0B | ||
| Q2 24 | $9.7B | $4.9B | ||
| Q1 24 | $9.5B | $5.0B |
| Q4 25 | $156.6B | $16.5B | ||
| Q3 25 | $152.0B | $16.6B | ||
| Q2 25 | $133.5B | $16.2B | ||
| Q1 25 | $128.2B | $15.5B | ||
| Q4 24 | $118.7B | $15.1B | ||
| Q3 24 | $120.3B | $15.3B | ||
| Q2 24 | $109.9B | $15.1B | ||
| Q1 24 | $106.0B | $15.5B |
| 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 | $7.3B | $71.9M |
| Free Cash FlowOCF − Capex | — | $27.5M |
| FCF MarginFCF / Revenue | — | 0.5% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 15.83× | 0.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.3B | $71.9M | ||
| Q3 25 | $-990.0M | $-82.7M | ||
| Q2 25 | $-820.0M | $107.8M | ||
| Q1 25 | $-1.4B | $28.0M | ||
| Q4 24 | $17.1B | $276.6M | ||
| Q3 24 | $-1.1B | $302.1M | ||
| Q2 24 | $-967.0M | $-223.8M | ||
| Q1 24 | $-5.7B | $746.3M |
| Q4 25 | — | $27.5M | ||
| Q3 25 | — | $-95.9M | ||
| Q2 25 | — | $86.0M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $252.3M | ||
| Q3 24 | — | $272.9M | ||
| Q2 24 | — | $-244.6M | ||
| Q1 24 | — | $725.9M |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | -4.5% | ||
| Q1 24 | — | 13.6% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | 15.83× | 0.45× | ||
| Q3 25 | -3.91× | -0.44× | ||
| Q2 25 | -4.56× | 0.62× | ||
| Q1 25 | -5.00× | 0.24× | ||
| Q4 24 | 115.81× | 1.67× | ||
| Q3 24 | -6.84× | 1.48× | ||
| Q2 24 | -4.76× | -0.96× | ||
| Q1 24 | -27.31× | 6.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RGA
Segment breakdown not available.
WCC
| CSS | $2.4B | 40% |
| EES | $2.3B | 37% |
| UBS | $1.4B | 23% |
