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Side-by-side financial comparison of Sea Ltd (SE) and Travelers Companies (The) (TRV). Click either name above to swap in a different company.
Sea Ltd is the larger business by last-quarter revenue ($22.9B vs $12.4B, roughly 1.8× Travelers Companies (The)). Travelers Companies (The) runs the higher net margin — 20.1% vs 7.0%, a 13.1% gap on every dollar of revenue. On growth, Sea Ltd posted the faster year-over-year revenue change (363.4% vs 3.5%). Over the past eight quarters, Sea Ltd's revenue compounded faster (147.8% CAGR vs 5.2%).
Sea Limited is a tech conglomerate headquartered in Singapore. It is listed on the New York Stock Exchange, with revenue of US$16.8 billion (2024). Sea currently functions as a holding company for Garena, Monee and Shopee, the largest e-commerce platform in Southeast Asia.
The Travelers Companies, Inc., commonly known as Travelers, is an American multinational insurance company. It is the second-largest writer of U.S. commercial property and casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents. Travelers is incorporated in Minnesota, with headquarters in New York City, and its largest office in Hartford, Connecticut. It has been a component of the Dow Jones Industrial Average since June 8, 2009.
SE vs TRV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.9B | $12.4B |
| Net Profit | $1.6B | $2.5B |
| Gross Margin | 44.7% | — |
| Operating Margin | 8.7% | 25.0% |
| Net Margin | 7.0% | 20.1% |
| Revenue YoY | 363.4% | 3.5% |
| Net Profit YoY | — | 19.9% |
| EPS (diluted) | $2.52 | $10.96 |
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 | $22.9B | $12.4B | ||
| Q3 25 | $6.0B | $12.5B | ||
| Q2 25 | $5.3B | $12.1B | ||
| Q1 25 | $4.8B | $11.8B | ||
| Q4 24 | $5.0B | $12.0B | ||
| Q3 24 | $4.3B | $11.9B | ||
| Q2 24 | $3.8B | $11.3B | ||
| Q1 24 | $3.7B | $11.2B |
| Q4 25 | $1.6B | $2.5B | ||
| Q3 25 | $375.0M | $1.9B | ||
| Q2 25 | $414.2M | $1.5B | ||
| Q1 25 | $-7.8M | $395.0M | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $534.0M | ||
| Q1 24 | $-23.0M | $1.1B |
| Q4 25 | 44.7% | — | ||
| Q3 25 | 43.4% | — | ||
| Q2 25 | 45.8% | — | ||
| Q1 25 | 46.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 41.6% | — |
| Q4 25 | 8.7% | 25.0% | ||
| Q3 25 | 8.0% | 18.8% | ||
| Q2 25 | 9.3% | 15.5% | ||
| Q1 25 | 9.4% | 4.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | 1.9% | 12.2% |
| Q4 25 | 7.0% | 20.1% | ||
| Q3 25 | 6.3% | 15.1% | ||
| Q2 25 | 7.9% | 12.5% | ||
| Q1 25 | -0.2% | 3.3% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 10.6% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | -0.6% | 10.0% |
| Q4 25 | $2.52 | $10.96 | ||
| Q3 25 | $0.59 | $8.24 | ||
| Q2 25 | $0.65 | $6.53 | ||
| Q1 25 | $0.65 | $1.70 | ||
| Q4 24 | — | $8.96 | ||
| Q3 24 | — | $5.42 | ||
| Q2 24 | — | $2.29 | ||
| Q1 24 | — | $4.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.6B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $12.6B | $32.9B |
| Total Assets | $29.4B | $143.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $12.6B | $32.9B | ||
| Q3 25 | — | $31.6B | ||
| Q2 25 | — | $29.5B | ||
| Q1 25 | — | $28.2B | ||
| Q4 24 | $8.4B | $27.9B | ||
| Q3 24 | — | $27.7B | ||
| Q2 24 | — | $24.9B | ||
| Q1 24 | — | $25.0B |
| Q4 25 | $29.4B | $143.7B | ||
| Q3 25 | — | $143.7B | ||
| Q2 25 | — | $138.9B | ||
| Q1 25 | — | $136.0B | ||
| Q4 24 | $22.6B | $133.2B | ||
| Q3 24 | — | $134.6B | ||
| Q2 24 | — | $129.3B | ||
| Q1 24 | — | $127.4B |
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 | $5.0B | $2.7B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.12× | 1.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.0B | $2.7B | ||
| Q3 25 | $3.5B | $4.2B | ||
| Q2 25 | $2.4B | $2.3B | ||
| Q1 25 | $756.9M | $1.4B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | $468.5M | $1.5B |
| Q4 25 | 3.12× | 1.08× | ||
| Q3 25 | 9.46× | 2.24× | ||
| Q2 25 | 5.73× | 1.55× | ||
| Q1 25 | — | 3.44× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | — | 3.08× | ||
| Q2 24 | — | 3.14× | ||
| Q1 24 | — | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SE
Segment breakdown not available.
TRV
| Business And International Insurance | $6.6B | 53% |
| Personal Insurance | $4.6B | 37% |
| Bond And Specialty Insurance | $1.2B | 9% |
