vs
Loews Corporation（L）与大都会人寿（MET）财务数据对比。点击上方公司名可切换其他公司
Loews Corporation的季度营收约是大都会人寿的1.4倍（$827.0M vs $600.0M），大都会人寿净利率更高（134.8% vs 48.6%，领先86.2%），大都会人寿同比增速更快（7.9% vs 4.8%），过去两年Loews Corporation的营收复合增速更高（7.9% vs 2.0%）
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
大都会人寿（MetLife）是全球规模领先的保险、年金及员工福利服务提供商之一，创立于1868年，业务覆盖超60个国家和地区，服务约9000万客户，2018年位列《财富》美国500强营收排行榜第43位。
L vs MET — 直观对比
营收规模更大
L
是对方的1.4倍
$600.0M
营收增速更快
MET
高出3.1%
4.8%
净利率更高
MET
高出86.2%
48.6%
两年增速更快
L
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $827.0M | $600.0M |
| 净利润 | $402.0M | $809.0M |
| 毛利率 | — | — |
| 营业利润率 | 65.4% | — |
| 净利率 | 48.6% | 134.8% |
| 营收同比 | 4.8% | 7.9% |
| 净利润同比 | 115.0% | -36.3% |
| 每股收益（稀释后） | $1.93 | $1.18 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LMET
| Q4 25 | $827.0M | $600.0M | ||
| Q3 25 | $732.0M | $621.0M | ||
| Q2 25 | $769.0M | $604.0M | ||
| Q1 25 | $846.0M | $611.0M | ||
| Q4 24 | $789.0M | $556.0M | ||
| Q3 24 | $683.0M | $554.0M | ||
| Q2 24 | $711.0M | $558.0M | ||
| Q1 24 | $710.0M | $577.0M |
净利润LMET
| Q4 25 | $402.0M | $809.0M | ||
| Q3 25 | $504.0M | $896.0M | ||
| Q2 25 | $391.0M | $729.0M | ||
| Q1 25 | $370.0M | $945.0M | ||
| Q4 24 | $187.0M | $1.3B | ||
| Q3 24 | $401.0M | $1.3B | ||
| Q2 24 | $369.0M | $946.0M | ||
| Q1 24 | $457.0M | $867.0M |
营业利润率LMET
| Q4 25 | 65.4% | — | ||
| Q3 25 | 94.1% | — | ||
| Q2 25 | 70.1% | — | ||
| Q1 25 | 60.8% | — | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 80.5% | — | ||
| Q2 24 | 71.3% | — | ||
| Q1 24 | 88.6% | — |
净利率LMET
| Q4 25 | 48.6% | 134.8% | ||
| Q3 25 | 68.9% | 144.3% | ||
| Q2 25 | 50.8% | 120.7% | ||
| Q1 25 | 43.7% | 154.7% | ||
| Q4 24 | 23.7% | 228.6% | ||
| Q3 24 | 58.7% | 242.2% | ||
| Q2 24 | 51.9% | 169.5% | ||
| Q1 24 | 64.4% | 150.3% |
每股收益（稀释后）LMET
| Q4 25 | $1.93 | $1.18 | ||
| Q3 25 | $2.43 | $1.22 | ||
| Q2 25 | $1.87 | $1.03 | ||
| Q1 25 | $1.74 | $1.28 | ||
| Q4 24 | $0.87 | $1.75 | ||
| Q3 24 | $1.82 | $1.81 | ||
| Q2 24 | $1.67 | $1.28 | ||
| Q1 24 | $2.05 | $1.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $6.0B | $25.6B |
| 总债务越低越好 | $8.4B | — |
| 股东权益账面价值 | $18.7B | $28.4B |
| 总资产 | $86.3B | $745.2B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资LMET
| Q4 25 | $6.0B | $25.6B | ||
| Q3 25 | $5.4B | $26.2B | ||
| Q2 25 | $4.5B | $27.5B | ||
| Q1 25 | $4.4B | $26.9B | ||
| Q4 24 | $4.6B | $25.2B | ||
| Q3 24 | $5.2B | $26.4B | ||
| Q2 24 | $4.9B | $24.6B | ||
| Q1 24 | $5.4B | $24.7B |
总债务LMET
| Q4 25 | $8.4B | — | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | $8.8B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.4B | — |
股东权益LMET
| Q4 25 | $18.7B | $28.4B | ||
| Q3 25 | $18.3B | $28.9B | ||
| Q2 25 | $17.5B | $27.7B | ||
| Q1 25 | $17.2B | $27.5B | ||
| Q4 24 | $17.1B | $27.4B | ||
| Q3 24 | $17.4B | $30.9B | ||
| Q2 24 | $16.4B | $27.3B | ||
| Q1 24 | $16.2B | $28.5B |
总资产LMET
| Q4 25 | $86.3B | $745.2B | ||
| Q3 25 | $85.9B | $719.7B | ||
| Q2 25 | $84.7B | $702.5B | ||
| Q1 25 | $83.1B | $688.3B | ||
| Q4 24 | $81.9B | $677.5B | ||
| Q3 24 | $83.6B | $705.0B | ||
| Q2 24 | $81.1B | $675.7B | ||
| Q1 24 | $80.9B | $677.6B |
负债/权益比LMET
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.45× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.52× | — | ||
| Q1 24 | 0.52× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $617.0M | $7.1B |
| 自由现金流经营现金流 - 资本支出 | $426.0M | — |
| 自由现金流率自由现金流/营收 | 51.5% | — |
| 资本支出强度资本支出/营收 | 23.1% | — |
| 现金转化率经营现金流/净利润 | 1.53× | 8.75× |
| 过去12个月自由现金流最近4个季度 | $2.7B | — |
8季度趋势，按日历期对齐
经营现金流LMET
| Q4 25 | $617.0M | $7.1B | ||
| Q3 25 | $920.0M | $3.6B | ||
| Q2 25 | $1.0B | $2.2B | ||
| Q1 25 | $736.0M | $4.3B | ||
| Q4 24 | $941.0M | $4.6B | ||
| Q3 24 | $934.0M | $4.2B | ||
| Q2 24 | $952.0M | $3.5B | ||
| Q1 24 | $198.0M | $2.3B |
自由现金流LMET
| Q4 25 | $426.0M | — | ||
| Q3 25 | $764.0M | — | ||
| Q2 25 | $872.0M | — | ||
| Q1 25 | $638.0M | — | ||
| Q4 24 | $767.0M | — | ||
| Q3 24 | $794.0M | — | ||
| Q2 24 | $793.0M | — | ||
| Q1 24 | $39.0M | — |
自由现金流率LMET
| Q4 25 | 51.5% | — | ||
| Q3 25 | 104.4% | — | ||
| Q2 25 | 113.4% | — | ||
| Q1 25 | 75.4% | — | ||
| Q4 24 | 97.2% | — | ||
| Q3 24 | 116.3% | — | ||
| Q2 24 | 111.5% | — | ||
| Q1 24 | 5.5% | — |
资本支出强度LMET
| Q4 25 | 23.1% | — | ||
| Q3 25 | 21.3% | — | ||
| Q2 25 | 17.4% | — | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 20.5% | — | ||
| Q2 24 | 22.4% | — | ||
| Q1 24 | 22.4% | — |
现金转化率LMET
| Q4 25 | 1.53× | 8.75× | ||
| Q3 25 | 1.83× | 3.98× | ||
| Q2 25 | 2.57× | 3.00× | ||
| Q1 25 | 1.99× | 4.51× | ||
| Q4 24 | 5.03× | 3.63× | ||
| Q3 24 | 2.33× | 3.11× | ||
| Q2 24 | 2.58× | 3.69× | ||
| Q1 24 | 0.43× | 2.69× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
MET
| Other | $165.0M | 28% |
| Prepaidlegalplansandadministrativeonlycontracts | $158.0M | 26% |
| Vision Fee For Service Arrangements | $140.0M | 23% |
| Administrative Service | $76.0M | 13% |
| Distribution Service | $36.0M | 6% |
| Feebasedinvestmentmanagementservices | $25.0M | 4% |
