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

MetLife is the larger business by last-quarter revenue ($600.0M vs $393.0M, roughly 1.5× Viper Energy, Inc.). MetLife runs the higher net margin — 134.8% vs -19.6%, a 154.4% gap on every dollar of revenue. On growth, Viper Energy, Inc. posted the faster year-over-year revenue change (88.0% vs 7.9%).

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.

Commonwealth Fusion Systems (CFS) is an American fusion power company founded in 2018 in Cambridge, Massachusetts, after a spin-off from the Massachusetts Institute of Technology (MIT). Its stated goal is to build a small fusion power plant based on the ARC tokamak design. It has participated in the United States Department of Energy’s INFUSE public-private knowledge innovation scheme with several national labs and universities.

MET vs VNOM — Head-to-Head

Bigger by revenue
MET
MET
1.5× larger
MET
$600.0M
$393.0M
VNOM
Growing faster (revenue YoY)
VNOM
VNOM
+80.1% gap
VNOM
88.0%
7.9%
MET
Higher net margin
MET
MET
154.4% more per $
MET
134.8%
-19.6%
VNOM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MET
MET
VNOM
VNOM
Revenue
$600.0M
$393.0M
Net Profit
$809.0M
$-77.0M
Gross Margin
Operating Margin
-44.8%
Net Margin
134.8%
-19.6%
Revenue YoY
7.9%
88.0%
Net Profit YoY
-36.3%
-257.1%
EPS (diluted)
$1.18
$-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
MET
MET
VNOM
VNOM
Q4 25
$600.0M
Q3 25
$621.0M
$393.0M
Q2 25
$604.0M
Q1 25
$611.0M
Q4 24
$556.0M
Q3 24
$554.0M
$209.0M
Q2 24
$558.0M
Q1 24
$577.0M
Net Profit
MET
MET
VNOM
VNOM
Q4 25
$809.0M
Q3 25
$896.0M
$-77.0M
Q2 25
$729.0M
Q1 25
$945.0M
Q4 24
$1.3B
Q3 24
$1.3B
$49.0M
Q2 24
$946.0M
Q1 24
$867.0M
Operating Margin
MET
MET
VNOM
VNOM
Q4 25
Q3 25
-44.8%
Q2 25
Q1 25
Q4 24
Q3 24
65.1%
Q2 24
Q1 24
Net Margin
MET
MET
VNOM
VNOM
Q4 25
134.8%
Q3 25
144.3%
-19.6%
Q2 25
120.7%
Q1 25
154.7%
Q4 24
228.6%
Q3 24
242.2%
23.4%
Q2 24
169.5%
Q1 24
150.3%
EPS (diluted)
MET
MET
VNOM
VNOM
Q4 25
$1.18
Q3 25
$1.22
$-0.52
Q2 25
$1.03
Q1 25
$1.28
Q4 24
$1.75
Q3 24
$1.81
$0.52
Q2 24
$1.28
Q1 24
$1.10

Balance Sheet & Financial Strength

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

Metric
MET
MET
VNOM
VNOM
Cash + ST InvestmentsLiquidity on hand
$25.6B
$53.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.4B
$4.6B
Total Assets
$745.2B
$13.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MET
MET
VNOM
VNOM
Q4 25
$25.6B
Q3 25
$26.2B
$53.0M
Q2 25
$27.5B
Q1 25
$26.9B
Q4 24
$25.2B
Q3 24
$26.4B
Q2 24
$24.6B
Q1 24
$24.7B
Stockholders' Equity
MET
MET
VNOM
VNOM
Q4 25
$28.4B
Q3 25
$28.9B
$4.6B
Q2 25
$27.7B
Q1 25
$27.5B
Q4 24
$27.4B
Q3 24
$30.9B
$3.3B
Q2 24
$27.3B
Q1 24
$28.5B
Total Assets
MET
MET
VNOM
VNOM
Q4 25
$745.2B
Q3 25
$719.7B
$13.7B
Q2 25
$702.5B
Q1 25
$688.3B
Q4 24
$677.5B
Q3 24
$705.0B
Q2 24
$675.7B
Q1 24
$677.6B

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
VNOM
VNOM
Operating Cash FlowLast quarter
$7.1B
$654.0M
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
VNOM
VNOM
Q4 25
$7.1B
Q3 25
$3.6B
$654.0M
Q2 25
$2.2B
Q1 25
$4.3B
Q4 24
$4.6B
Q3 24
$4.2B
Q2 24
$3.5B
Q1 24
$2.3B
Cash Conversion
MET
MET
VNOM
VNOM
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%

VNOM
VNOM

Oil Income$332.0M84%
Natural Gas Liquids Income$46.0M12%
Natural Gas Income$15.0M4%

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