vs
Side-by-side financial comparison of RENAISSANCERE HOLDINGS LTD (RNR) and Viking Holdings Ltd (VIK). Click either name above to swap in a different company.
Viking Holdings Ltd is the larger business by last-quarter revenue ($4.0B vs $3.0B, roughly 1.3× RENAISSANCERE HOLDINGS LTD). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 25.6% vs 12.9%, a 12.7% gap on every dollar of revenue.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
RNR vs VIK — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.0B | $4.0B |
| Net Profit | $760.5M | $514.0M |
| Gross Margin | — | 73.4% |
| Operating Margin | 42.5% | 15.2% |
| Net Margin | 25.6% | 12.9% |
| Revenue YoY | 29.6% | — |
| Net Profit YoY | 501.0% | 35.4% |
| EPS (diluted) | $16.16 | $1.15 |
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 | $3.0B | — | ||
| Q3 25 | $3.2B | $4.0B | ||
| Q2 25 | $3.2B | $2.3B | ||
| Q1 25 | $3.5B | $718.2M | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $4.0B | $3.6B | ||
| Q2 24 | $2.8B | $2.1B | ||
| Q1 24 | $2.6B | — |
| Q4 25 | $760.5M | — | ||
| Q3 25 | $916.5M | $514.0M | ||
| Q2 25 | $835.4M | $439.2M | ||
| Q1 25 | $170.0M | $-105.5M | ||
| Q4 24 | $-189.7M | — | ||
| Q3 24 | $1.2B | $379.7M | ||
| Q2 24 | $503.9M | $159.8M | ||
| Q1 24 | $373.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 73.4% | ||
| Q2 25 | — | 55.7% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 74.7% | ||
| Q2 24 | — | 57.8% | ||
| Q1 24 | — | — |
| Q4 25 | 42.5% | — | ||
| Q3 25 | 46.3% | 15.2% | ||
| Q2 25 | 41.8% | 23.7% | ||
| Q1 25 | -2.0% | -1.3% | ||
| Q4 24 | -3.6% | — | ||
| Q3 24 | 43.7% | 13.6% | ||
| Q2 24 | 25.0% | 20.5% | ||
| Q1 24 | 24.4% | — |
| Q4 25 | 25.6% | — | ||
| Q3 25 | 28.7% | 12.9% | ||
| Q2 25 | 26.1% | 19.1% | ||
| Q1 25 | 4.9% | -14.7% | ||
| Q4 24 | -8.3% | — | ||
| Q3 24 | 29.8% | 10.6% | ||
| Q2 24 | 17.8% | 7.7% | ||
| Q1 24 | 14.4% | — |
| Q4 25 | $16.16 | — | ||
| Q3 25 | $19.40 | $1.15 | ||
| Q2 25 | $17.20 | $0.99 | ||
| Q1 25 | $3.27 | $-0.24 | ||
| Q4 24 | $-3.76 | — | ||
| Q3 24 | $22.62 | $0.87 | ||
| Q2 24 | $9.41 | $0.38 | ||
| Q1 24 | $6.94 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7B | $3.0B |
| Total DebtLower is stronger | $2.3B | — |
| Stockholders' EquityBook value | $11.6B | $803.5M |
| Total Assets | $53.8B | $11.5B |
| Debt / EquityLower = less leverage | 0.20× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $3.0B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $1.6B | $2.8B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | $2.4B | ||
| Q2 24 | $1.6B | $1.8B | ||
| Q1 24 | $1.6B | — |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $1.9B | — |
| Q4 25 | $11.6B | — | ||
| Q3 25 | $11.5B | $803.5M | ||
| Q2 25 | $10.8B | $278.3M | ||
| Q1 25 | $10.3B | $-267.5M | ||
| Q4 24 | $10.6B | — | ||
| Q3 24 | $11.2B | $-688.9M | ||
| Q2 24 | $10.2B | $-1.1B | ||
| Q1 24 | $9.8B | — |
| Q4 25 | $53.8B | — | ||
| Q3 25 | $54.5B | $11.5B | ||
| Q2 25 | $54.7B | $11.1B | ||
| Q1 25 | $53.6B | $10.7B | ||
| Q4 24 | $50.7B | — | ||
| Q3 24 | $52.8B | — | ||
| Q2 24 | $51.6B | — | ||
| Q1 24 | $50.9B | — |
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.17× | — | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 0.19× | — |
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 | $483.0M | $663.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.64× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $483.0M | — | ||
| Q3 25 | $1.6B | $663.9M | ||
| Q2 25 | $1.5B | $470.7M | ||
| Q1 25 | $157.8M | $587.9M | ||
| Q4 24 | $778.9M | — | ||
| Q3 24 | $1.5B | $828.7M | ||
| Q2 24 | $1.2B | $419.8M | ||
| Q1 24 | $683.5M | — |
| Q4 25 | 0.64× | — | ||
| Q3 25 | 1.73× | 1.29× | ||
| Q2 25 | 1.76× | 1.07× | ||
| Q1 25 | 0.93× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.26× | 2.18× | ||
| Q2 24 | 2.41× | 2.63× | ||
| Q1 24 | 1.83× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
