Mesoscale numerical weather prediction (NWP) models are generally considered more accurate than reanalysis products in characterizing the wind resource at heights of interest for wind energy, given their finer spatial resolution and more comprehensive physics. However, advancements in the latest ERA-5 reanalysis product motivate an assessment on whether ERA-5 can model wind speeds as well as a state-of-the-art NWP model – the Weather Research and Forecasting (WRF) Model. We consider this research question for both simple terrain and offshore applications. Specifically, we compare wind profiles from ERA-5 and the preliminary WRF runs of the Wind Integration National Dataset (WIND) Toolkit Long-term Ensemble Dataset (WTK-LED) to those observed by lidars at a site in Oklahoma, United States, and in a United States Atlantic offshore wind energy area. We find that ERA-5 shows a significant negative bias (∼-1ms-1) at both locations, with a larger bias at the land-based site. WTK-LED-predicted wind speed profiles show a limited negative bias (∼-0.5ms-1) offshore and a slight positive bias (∼+0.5ms-1) at the land-based site. On the other hand, we find that ERA-5 outperforms WTK-LED in terms of the centered root-mean-square error (cRMSE) and correlation coefficient, for both the land-based and offshore cases, in all atmospheric stability conditions. We find that WTK-LED's higher cRMSE is caused by its tendency to overpredict the amplitude of the wind speed diurnal cycle. At the land-based site, this is partially caused by wind plant wake effects not being accurately captured by WTK-LED.