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Side-by-side financial comparison of JBS N.V. (JBS) and MetLife (MET). Click either name above to swap in a different company.

JBS N.V. is the larger business by last-quarter revenue ($22.6B vs $19.1B, roughly 1.2× MetLife). MetLife runs the higher net margin — 6.0% vs 2.9%, a 3.1% gap on every dollar of revenue. On growth, JBS N.V. posted the faster year-over-year revenue change (13.4% vs 2.7%).

JBS N.V. is a Brazilian multinational company that is the largest meat processing enterprise in the world, producing factory processed beef, chicken, salmon, sheep, pork, and also selling by-products from the processing of these meats. It is headquartered in São Paulo. It was founded in 1953 in Anápolis, Goiás.

MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries. The firm was founded on March 24, 1868. MetLife ranked No. 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

JBS vs MET — Head-to-Head

Bigger by revenue
JBS
JBS
1.2× larger
JBS
$22.6B
$19.1B
MET
Growing faster (revenue YoY)
JBS
JBS
+10.7% gap
JBS
13.4%
2.7%
MET
Higher net margin
MET
MET
3.1% more per $
MET
6.0%
2.9%
JBS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
JBS
JBS
MET
MET
Revenue
$22.6B
$19.1B
Net Profit
$644.1M
$1.1B
Gross Margin
13.2%
Operating Margin
5.4%
Net Margin
2.9%
6.0%
Revenue YoY
13.4%
2.7%
Net Profit YoY
-14.9%
30.0%
EPS (diluted)
$0.52

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.

Revenue
JBS
JBS
MET
MET
Q1 26
$19.1B
Q4 25
$600.0M
Q3 25
$22.6B
$621.0M
Q2 25
$604.0M
Q1 25
$611.0M
Q4 24
$556.0M
Q3 24
$19.9B
$554.0M
Q2 24
$558.0M
Net Profit
JBS
JBS
MET
MET
Q1 26
$1.1B
Q4 25
$809.0M
Q3 25
$644.1M
$896.0M
Q2 25
$729.0M
Q1 25
$945.0M
Q4 24
$1.3B
Q3 24
$756.6M
$1.3B
Q2 24
$946.0M
Gross Margin
JBS
JBS
MET
MET
Q1 26
Q4 25
Q3 25
13.2%
Q2 25
Q1 25
Q4 24
Q3 24
16.5%
Q2 24
Operating Margin
JBS
JBS
MET
MET
Q1 26
Q4 25
Q3 25
5.4%
Q2 25
Q1 25
Q4 24
Q3 24
7.8%
Q2 24
Net Margin
JBS
JBS
MET
MET
Q1 26
6.0%
Q4 25
134.8%
Q3 25
2.9%
144.3%
Q2 25
120.7%
Q1 25
154.7%
Q4 24
228.6%
Q3 24
3.8%
242.2%
Q2 24
169.5%
EPS (diluted)
JBS
JBS
MET
MET
Q1 26
Q4 25
$1.18
Q3 25
$0.52
$1.22
Q2 25
$1.03
Q1 25
$1.28
Q4 24
$1.75
Q3 24
$0.62
$1.81
Q2 24
$1.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
JBS
JBS
MET
MET
Cash + ST InvestmentsLiquidity on hand
$485.5B
Total DebtLower is stronger
$213.0M
$14.8B
Stockholders' EquityBook value
$9.5B
$27.6B
Total Assets
$44.2B
$743.2B
Debt / EquityLower = less leverage
0.02×
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBS
JBS
MET
MET
Q1 26
Q4 25
$25.6B
Q3 25
$485.5B
$26.2B
Q2 25
$27.5B
Q1 25
$26.9B
Q4 24
$25.2B
Q3 24
$5.1B
$26.4B
Q2 24
$24.6B
Total Debt
JBS
JBS
MET
MET
Q1 26
$14.8B
Q4 25
Q3 25
$213.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
JBS
JBS
MET
MET
Q1 26
$27.6B
Q4 25
$28.4B
Q3 25
$9.5B
$28.9B
Q2 25
$27.7B
Q1 25
$27.5B
Q4 24
$27.4B
Q3 24
$9.5B
$30.9B
Q2 24
$27.3B
Total Assets
JBS
JBS
MET
MET
Q1 26
$743.2B
Q4 25
$745.2B
Q3 25
$44.2B
$719.7B
Q2 25
$702.5B
Q1 25
$688.3B
Q4 24
$677.5B
Q3 24
$705.0B
Q2 24
$675.7B
Debt / Equity
JBS
JBS
MET
MET
Q1 26
0.54×
Q4 25
Q3 25
0.02×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
JBS
JBS
MET
MET
Operating Cash FlowLast quarter
$996.4M
Free Cash FlowOCF − Capex
$-264.6M
FCF MarginFCF / Revenue
-1.2%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
1.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBS
JBS
MET
MET
Q1 26
Q4 25
$7.1B
Q3 25
$996.4M
$3.6B
Q2 25
$2.2B
Q1 25
$4.3B
Q4 24
$4.6B
Q3 24
$4.2B
Q2 24
$3.5B
Free Cash Flow
JBS
JBS
MET
MET
Q1 26
Q4 25
Q3 25
$-264.6M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
JBS
JBS
MET
MET
Q1 26
Q4 25
Q3 25
-1.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
JBS
JBS
MET
MET
Q1 26
Q4 25
Q3 25
5.6%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
JBS
JBS
MET
MET
Q1 26
Q4 25
8.75×
Q3 25
1.55×
3.98×
Q2 25
3.00×
Q1 25
4.51×
Q4 24
3.63×
Q3 24
3.11×
Q2 24
3.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

JBS
JBS

Segment breakdown not available.

MET
MET

Premiums, fees and other revenues$14.3B75%
Other$4.8B25%

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