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Side-by-side financial comparison of MetLife (MET) and SM Energy Co (SM). Click either name above to swap in a different company.

SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $600.0M, roughly 1.2× MetLife). On growth, MetLife posted the faster year-over-year revenue change (7.9% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 2.0%).

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.

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

MET vs SM — Head-to-Head

Bigger by revenue
SM
SM
1.2× larger
SM
$704.9M
$600.0M
MET
Growing faster (revenue YoY)
MET
MET
+25.2% gap
MET
7.9%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
2.0%
MET

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MET
MET
SM
SM
Revenue
$600.0M
$704.9M
Net Profit
$809.0M
Gross Margin
Operating Margin
25.9%
Net Margin
134.8%
Revenue YoY
7.9%
-17.3%
Net Profit YoY
-36.3%
EPS (diluted)
$1.18
$0.94

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
MET
MET
SM
SM
Q4 25
$600.0M
$704.9M
Q3 25
$621.0M
$811.6M
Q2 25
$604.0M
$792.9M
Q1 25
$611.0M
$844.5M
Q4 24
$556.0M
$852.0M
Q3 24
$554.0M
$643.6M
Q2 24
$558.0M
$634.6M
Q1 24
$577.0M
$559.9M
Net Profit
MET
MET
SM
SM
Q4 25
$809.0M
Q3 25
$896.0M
$155.1M
Q2 25
$729.0M
$201.7M
Q1 25
$945.0M
$182.3M
Q4 24
$1.3B
Q3 24
$1.3B
$240.5M
Q2 24
$946.0M
$210.3M
Q1 24
$867.0M
$131.2M
Operating Margin
MET
MET
SM
SM
Q4 25
25.9%
Q3 25
30.4%
Q2 25
37.2%
Q1 25
32.7%
Q4 24
33.7%
Q3 24
51.4%
Q2 24
44.0%
Q1 24
31.9%
Net Margin
MET
MET
SM
SM
Q4 25
134.8%
Q3 25
144.3%
19.1%
Q2 25
120.7%
25.4%
Q1 25
154.7%
21.6%
Q4 24
228.6%
Q3 24
242.2%
37.4%
Q2 24
169.5%
33.1%
Q1 24
150.3%
23.4%
EPS (diluted)
MET
MET
SM
SM
Q4 25
$1.18
$0.94
Q3 25
$1.22
$1.35
Q2 25
$1.03
$1.76
Q1 25
$1.28
$1.59
Q4 24
$1.75
$1.63
Q3 24
$1.81
$2.09
Q2 24
$1.28
$1.82
Q1 24
$1.10
$1.13

Balance Sheet & Financial Strength

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

Metric
MET
MET
SM
SM
Cash + ST InvestmentsLiquidity on hand
$25.6B
$368.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.4B
$4.8B
Total Assets
$745.2B
$9.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MET
MET
SM
SM
Q4 25
$25.6B
$368.0M
Q3 25
$26.2B
$162.3M
Q2 25
$27.5B
$101.9M
Q1 25
$26.9B
$54.0K
Q4 24
$25.2B
Q3 24
$26.4B
$1.7B
Q2 24
$24.6B
$487.9M
Q1 24
$24.7B
$506.3M
Stockholders' Equity
MET
MET
SM
SM
Q4 25
$28.4B
$4.8B
Q3 25
$28.9B
$4.7B
Q2 25
$27.7B
$4.6B
Q1 25
$27.5B
$4.4B
Q4 24
$27.4B
$4.2B
Q3 24
$30.9B
$4.1B
Q2 24
$27.3B
$3.8B
Q1 24
$28.5B
$3.7B
Total Assets
MET
MET
SM
SM
Q4 25
$745.2B
$9.3B
Q3 25
$719.7B
$9.1B
Q2 25
$702.5B
$9.0B
Q1 25
$688.3B
$8.8B
Q4 24
$677.5B
$8.6B
Q3 24
$705.0B
$8.0B
Q2 24
$675.7B
$6.7B
Q1 24
$677.6B
$6.4B

Cash Flow & Capital Efficiency

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

Metric
MET
MET
SM
SM
Operating Cash FlowLast quarter
$7.1B
$451.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
8.75×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MET
MET
SM
SM
Q4 25
$7.1B
$451.9M
Q3 25
$3.6B
$505.0M
Q2 25
$2.2B
$571.1M
Q1 25
$4.3B
$483.0M
Q4 24
$4.6B
$578.4M
Q3 24
$4.2B
$452.3M
Q2 24
$3.5B
$476.4M
Q1 24
$2.3B
$276.0M
Cash Conversion
MET
MET
SM
SM
Q4 25
8.75×
Q3 25
3.98×
3.26×
Q2 25
3.00×
2.83×
Q1 25
4.51×
2.65×
Q4 24
3.63×
Q3 24
3.11×
1.88×
Q2 24
3.69×
2.27×
Q1 24
2.69×
2.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MET
MET

Other$165.0M28%
Prepaidlegalplansandadministrativeonlycontracts$158.0M26%
Vision Fee For Service Arrangements$140.0M23%
Administrative Service$76.0M13%
Distribution Service$36.0M6%
Feebasedinvestmentmanagementservices$25.0M4%

SM
SM

Segment breakdown not available.

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