vs
大都会人寿（MET）与PROCORE TECHNOLOGIES, INC.（PCOR）财务数据对比。点击上方公司名可切换其他公司
大都会人寿的季度营收约是PROCORE TECHNOLOGIES, INC.的1.7倍（$600.0M vs $349.1M），大都会人寿净利率更高（134.8% vs -10.8%，领先145.6%），PROCORE TECHNOLOGIES, INC.同比增速更快（15.6% vs 7.9%），过去两年PROCORE TECHNOLOGIES, INC.的营收复合增速更高（13.8% vs 2.0%）
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。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
MET vs PCOR — 直观对比
营收规模更大
MET
是对方的1.7倍
$349.1M
营收增速更快
PCOR
高出7.7%
7.9%
净利率更高
MET
高出145.6%
-10.8%
两年增速更快
PCOR
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $600.0M | $349.1M |
| 净利润 | $809.0M | $-37.6M |
| 毛利率 | — | 80.1% |
| 营业利润率 | — | -12.3% |
| 净利率 | 134.8% | -10.8% |
| 营收同比 | 7.9% | 15.6% |
| 净利润同比 | -36.3% | 39.6% |
| 每股收益（稀释后） | $1.18 | $-0.25 |
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METPCOR
| Q4 25 | $600.0M | $349.1M | ||
| Q3 25 | $621.0M | $338.9M | ||
| Q2 25 | $604.0M | $323.9M | ||
| Q1 25 | $611.0M | $310.6M | ||
| Q4 24 | $556.0M | $302.0M | ||
| Q3 24 | $554.0M | $295.9M | ||
| Q2 24 | $558.0M | $284.3M | ||
| Q1 24 | $577.0M | $269.4M |
净利润METPCOR
| Q4 25 | $809.0M | $-37.6M | ||
| Q3 25 | $896.0M | $-9.1M | ||
| Q2 25 | $729.0M | $-21.1M | ||
| Q1 25 | $945.0M | $-33.0M | ||
| Q4 24 | $1.3B | $-62.3M | ||
| Q3 24 | $1.3B | $-26.4M | ||
| Q2 24 | $946.0M | $-6.3M | ||
| Q1 24 | $867.0M | $-11.0M |
毛利率METPCOR
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% | ||
| Q1 24 | — | 83.0% |
营业利润率METPCOR
| Q4 25 | — | -12.3% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | — | -9.3% | ||
| Q1 25 | — | -11.7% | ||
| Q4 24 | — | -21.9% | ||
| Q3 24 | — | -12.3% | ||
| Q2 24 | — | -5.2% | ||
| Q1 24 | — | -7.0% |
净利率METPCOR
| Q4 25 | 134.8% | -10.8% | ||
| Q3 25 | 144.3% | -2.7% | ||
| Q2 25 | 120.7% | -6.5% | ||
| Q1 25 | 154.7% | -10.6% | ||
| Q4 24 | 228.6% | -20.6% | ||
| Q3 24 | 242.2% | -8.9% | ||
| Q2 24 | 169.5% | -2.2% | ||
| Q1 24 | 150.3% | -4.1% |
每股收益（稀释后）METPCOR
| Q4 25 | $1.18 | $-0.25 | ||
| Q3 25 | $1.22 | $-0.06 | ||
| Q2 25 | $1.03 | $-0.14 | ||
| Q1 25 | $1.28 | $-0.22 | ||
| Q4 24 | $1.75 | $-0.42 | ||
| Q3 24 | $1.81 | $-0.18 | ||
| Q2 24 | $1.28 | $-0.04 | ||
| Q1 24 | $1.10 | $-0.08 |
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 | $25.6B | $768.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $28.4B | $1.3B |
| 总资产 | $745.2B | $2.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资METPCOR
| Q4 25 | $25.6B | $768.5M | ||
| Q3 25 | $26.2B | $684.0M | ||
| Q2 25 | $27.5B | $620.9M | ||
| Q1 25 | $26.9B | $566.7M | ||
| Q4 24 | $25.2B | $775.4M | ||
| Q3 24 | $26.4B | $756.9M | ||
| Q2 24 | $24.6B | $735.4M | ||
| Q1 24 | $24.7B | $744.6M |
股东权益METPCOR
| Q4 25 | $28.4B | $1.3B | ||
| Q3 25 | $28.9B | $1.2B | ||
| Q2 25 | $27.7B | $1.2B | ||
| Q1 25 | $27.5B | $1.2B | ||
| Q4 24 | $27.4B | $1.3B | ||
| Q3 24 | $30.9B | $1.3B | ||
| Q2 24 | $27.3B | $1.3B | ||
| Q1 24 | $28.5B | $1.2B |
总资产METPCOR
| Q4 25 | $745.2B | $2.2B | ||
| Q3 25 | $719.7B | $2.1B | ||
| Q2 25 | $702.5B | $2.0B | ||
| Q1 25 | $688.3B | $1.9B | ||
| Q4 24 | $677.5B | $2.1B | ||
| Q3 24 | $705.0B | $2.0B | ||
| Q2 24 | $675.7B | $2.0B | ||
| Q1 24 | $677.6B | $1.9B |
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 | $7.1B | $114.9M |
| 自由现金流经营现金流 - 资本支出 | — | $109.2M |
| 自由现金流率自由现金流/营收 | — | 31.3% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | 8.75× | — |
| 过去12个月自由现金流最近4个季度 | — | $282.2M |
8季度趋势，按日历期对齐
经营现金流METPCOR
| Q4 25 | $7.1B | $114.9M | ||
| Q3 25 | $3.6B | $88.5M | ||
| Q2 25 | $2.2B | $30.8M | ||
| Q1 25 | $4.3B | $66.0M | ||
| Q4 24 | $4.6B | $29.1M | ||
| Q3 24 | $4.2B | $39.3M | ||
| Q2 24 | $3.5B | $58.7M | ||
| Q1 24 | $2.3B | $69.1M |
自由现金流METPCOR
| Q4 25 | — | $109.2M | ||
| Q3 25 | — | $83.1M | ||
| Q2 25 | — | $27.9M | ||
| Q1 25 | — | $62.0M | ||
| Q4 24 | — | $17.4M | ||
| Q3 24 | — | $35.7M | ||
| Q2 24 | — | $56.8M | ||
| Q1 24 | — | $67.1M |
自由现金流率METPCOR
| Q4 25 | — | 31.3% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 24.9% |
资本支出强度METPCOR
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
现金转化率METPCOR
| 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× | — |
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
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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
