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Side-by-side financial comparison of MetLife (MET) and Unity Software Inc. (U). Click either name above to swap in a different company.

MetLife is the larger business by last-quarter revenue ($600.0M vs $503.1M, roughly 1.2× Unity Software Inc.). MetLife runs the higher net margin — 134.8% vs -17.9%, a 152.7% gap on every dollar of revenue. On growth, Unity Software Inc. posted the faster year-over-year revenue change (10.1% vs 7.9%). Over the past eight quarters, Unity Software Inc.'s revenue compounded faster (4.5% 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.

Unity Software Inc. is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007. Unity Technologies is best known for the development of Unity, a licensed game engine used to create video games and other applications.

MET vs U — Head-to-Head

Bigger by revenue
MET
MET
1.2× larger
MET
$600.0M
$503.1M
U
Growing faster (revenue YoY)
U
U
+2.1% gap
U
10.1%
7.9%
MET
Higher net margin
MET
MET
152.7% more per $
MET
134.8%
-17.9%
U
Faster 2-yr revenue CAGR
U
U
Annualised
U
4.5%
2.0%
MET

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MET
MET
U
U
Revenue
$600.0M
$503.1M
Net Profit
$809.0M
$-90.0M
Gross Margin
74.3%
Operating Margin
-21.2%
Net Margin
134.8%
-17.9%
Revenue YoY
7.9%
10.1%
Net Profit YoY
-36.3%
26.7%
EPS (diluted)
$1.18
$-0.21

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
U
U
Q4 25
$600.0M
$503.1M
Q3 25
$621.0M
$470.6M
Q2 25
$604.0M
$440.9M
Q1 25
$611.0M
$435.0M
Q4 24
$556.0M
$457.1M
Q3 24
$554.0M
$446.5M
Q2 24
$558.0M
$449.3M
Q1 24
$577.0M
$460.4M
Net Profit
MET
MET
U
U
Q4 25
$809.0M
$-90.0M
Q3 25
$896.0M
$-126.4M
Q2 25
$729.0M
$-108.8M
Q1 25
$945.0M
$-77.6M
Q4 24
$1.3B
$-122.7M
Q3 24
$1.3B
$-124.7M
Q2 24
$946.0M
$-125.6M
Q1 24
$867.0M
$-291.1M
Gross Margin
MET
MET
U
U
Q4 25
74.3%
Q3 25
74.4%
Q2 25
74.1%
Q1 25
73.8%
Q4 24
74.7%
Q3 24
74.9%
Q2 24
75.8%
Q1 24
68.6%
Operating Margin
MET
MET
U
U
Q4 25
-21.2%
Q3 25
-26.7%
Q2 25
-26.9%
Q1 25
-29.4%
Q4 24
-27.1%
Q3 24
-28.5%
Q2 24
-28.8%
Q1 24
-81.4%
Net Margin
MET
MET
U
U
Q4 25
134.8%
-17.9%
Q3 25
144.3%
-26.9%
Q2 25
120.7%
-24.7%
Q1 25
154.7%
-17.8%
Q4 24
228.6%
-26.8%
Q3 24
242.2%
-27.9%
Q2 24
169.5%
-28.0%
Q1 24
150.3%
-63.2%
EPS (diluted)
MET
MET
U
U
Q4 25
$1.18
$-0.21
Q3 25
$1.22
$-0.30
Q2 25
$1.03
$-0.26
Q1 25
$1.28
$-0.19
Q4 24
$1.75
$-0.30
Q3 24
$1.81
$-0.31
Q2 24
$1.28
$-0.32
Q1 24
$1.10
$-0.75

Balance Sheet & Financial Strength

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

Metric
MET
MET
U
U
Cash + ST InvestmentsLiquidity on hand
$25.6B
$2.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$28.4B
$3.2B
Total Assets
$745.2B
$6.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MET
MET
U
U
Q4 25
$25.6B
$2.1B
Q3 25
$26.2B
$1.9B
Q2 25
$27.5B
$1.7B
Q1 25
$26.9B
$1.5B
Q4 24
$25.2B
$1.5B
Q3 24
$26.4B
$1.4B
Q2 24
$24.6B
$1.3B
Q1 24
$24.7B
$1.2B
Stockholders' Equity
MET
MET
U
U
Q4 25
$28.4B
$3.2B
Q3 25
$28.9B
$3.2B
Q2 25
$27.7B
$3.2B
Q1 25
$27.5B
$3.2B
Q4 24
$27.4B
$3.2B
Q3 24
$30.9B
$3.2B
Q2 24
$27.3B
$3.2B
Q1 24
$28.5B
$3.2B
Total Assets
MET
MET
U
U
Q4 25
$745.2B
$6.8B
Q3 25
$719.7B
$6.8B
Q2 25
$702.5B
$6.7B
Q1 25
$688.3B
$6.6B
Q4 24
$677.5B
$6.7B
Q3 24
$705.0B
$6.7B
Q2 24
$675.7B
$6.7B
Q1 24
$677.6B
$6.8B

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
U
U
Operating Cash FlowLast quarter
$7.1B
$121.4M
Free Cash FlowOCF − Capex
$118.7M
FCF MarginFCF / Revenue
23.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
8.75×
TTM Free Cash FlowTrailing 4 quarters
$403.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MET
MET
U
U
Q4 25
$7.1B
$121.4M
Q3 25
$3.6B
$155.4M
Q2 25
$2.2B
$133.1M
Q1 25
$4.3B
$13.0M
Q4 24
$4.6B
$112.2M
Q3 24
$4.2B
$122.4M
Q2 24
$3.5B
$88.4M
Q1 24
$2.3B
$-7.4M
Free Cash Flow
MET
MET
U
U
Q4 25
$118.7M
Q3 25
$151.3M
Q2 25
$126.7M
Q1 25
$7.3M
Q4 24
$105.8M
Q3 24
$115.2M
Q2 24
$79.6M
Q1 24
$-14.6M
FCF Margin
MET
MET
U
U
Q4 25
23.6%
Q3 25
32.1%
Q2 25
28.7%
Q1 25
1.7%
Q4 24
23.1%
Q3 24
25.8%
Q2 24
17.7%
Q1 24
-3.2%
Capex Intensity
MET
MET
U
U
Q4 25
0.5%
Q3 25
0.9%
Q2 25
1.5%
Q1 25
1.3%
Q4 24
1.4%
Q3 24
1.6%
Q2 24
2.0%
Q1 24
1.6%
Cash Conversion
MET
MET
U
U
Q4 25
8.75×
Q3 25
3.98×
Q2 25
3.00×
Q1 25
4.51×
Q4 24
3.63×
Q3 24
3.11×
Q2 24
3.69×
Q1 24
2.69×

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%

U
U

Grow Solutions$338.2M67%
Create Solutions$164.9M33%

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