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大都会人寿（MET）与SCANSOURCE, INC.（SCSC）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SCANSOURCE, INC.的24.9倍（$19.1B vs $766.5M），大都会人寿净利率更高（6.0% vs 2.2%，领先3.8%），大都会人寿同比增速更快（2.7% vs 2.5%），过去两年大都会人寿的营收复合增速更高（484.7% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
MET vs SCSC — 直观对比
营收规模更大
MET
是对方的24.9倍
$766.5M
营收增速更快
MET
高出0.2%
2.5%
净利率更高
MET
高出3.8%
2.2%
两年增速更快
MET
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $19.1B | $766.5M |
| 净利润 | $1.1B | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | — | 2.3% |
| 净利率 | 6.0% | 2.2% |
| 营收同比 | 2.7% | 2.5% |
| 净利润同比 | 30.0% | -3.3% |
| 每股收益（稀释后） | — | $0.75 |
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METSCSC
| Q1 26 | $19.1B | — | ||
| Q4 25 | $600.0M | $766.5M | ||
| Q3 25 | $621.0M | $739.6M | ||
| Q2 25 | $604.0M | $812.9M | ||
| Q1 25 | $611.0M | $704.8M | ||
| Q4 24 | $556.0M | $747.5M | ||
| Q3 24 | $554.0M | $775.6M | ||
| Q2 24 | $558.0M | $746.1M |
净利润METSCSC
| Q1 26 | $1.1B | — | ||
| Q4 25 | $809.0M | $16.5M | ||
| Q3 25 | $896.0M | $19.9M | ||
| Q2 25 | $729.0M | $20.1M | ||
| Q1 25 | $945.0M | $17.4M | ||
| Q4 24 | $1.3B | $17.1M | ||
| Q3 24 | $1.3B | $17.0M | ||
| Q2 24 | $946.0M | $16.1M |
毛利率METSCSC
| Q1 26 | — | — | ||
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% |
营业利润率METSCSC
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.9% |
净利率METSCSC
| Q1 26 | 6.0% | — | ||
| Q4 25 | 134.8% | 2.2% | ||
| Q3 25 | 144.3% | 2.7% | ||
| Q2 25 | 120.7% | 2.5% | ||
| Q1 25 | 154.7% | 2.5% | ||
| Q4 24 | 228.6% | 2.3% | ||
| Q3 24 | 242.2% | 2.2% | ||
| Q2 24 | 169.5% | 2.2% |
每股收益（稀释后）METSCSC
| Q1 26 | — | — | ||
| Q4 25 | $1.18 | $0.75 | ||
| Q3 25 | $1.22 | $0.89 | ||
| Q2 25 | $1.03 | $0.87 | ||
| Q1 25 | $1.28 | $0.74 | ||
| Q4 24 | $1.75 | $0.70 | ||
| Q3 24 | $1.81 | $0.69 | ||
| Q2 24 | $1.28 | $0.66 |
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 | — | $83.5M |
| 总债务越低越好 | $14.8B | — |
| 股东权益账面价值 | $27.6B | $910.9M |
| 总资产 | $743.2B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资METSCSC
| Q1 26 | — | — | ||
| Q4 25 | $25.6B | $83.5M | ||
| Q3 25 | $26.2B | $124.9M | ||
| Q2 25 | $27.5B | $126.2M | ||
| Q1 25 | $26.9B | $146.3M | ||
| Q4 24 | $25.2B | $110.5M | ||
| Q3 24 | $26.4B | $145.0M | ||
| Q2 24 | $24.6B | $185.5M |
总债务METSCSC
| Q1 26 | $14.8B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益METSCSC
| Q1 26 | $27.6B | — | ||
| Q4 25 | $28.4B | $910.9M | ||
| Q3 25 | $28.9B | $914.0M | ||
| Q2 25 | $27.7B | $906.4M | ||
| Q1 25 | $27.5B | $901.7M | ||
| Q4 24 | $27.4B | $900.7M | ||
| Q3 24 | $30.9B | $920.9M | ||
| Q2 24 | $27.3B | $924.3M |
总资产METSCSC
| Q1 26 | $743.2B | — | ||
| Q4 25 | $745.2B | $1.7B | ||
| Q3 25 | $719.7B | $1.7B | ||
| Q2 25 | $702.5B | $1.8B | ||
| Q1 25 | $688.3B | $1.7B | ||
| Q4 24 | $677.5B | $1.7B | ||
| Q3 24 | $705.0B | $1.8B | ||
| Q2 24 | $675.7B | $1.8B |
负债/权益比METSCSC
| Q1 26 | 0.54× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $30.8M |
| 自由现金流经营现金流 - 资本支出 | — | $28.9M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流METSCSC
| Q1 26 | — | — | ||
| Q4 25 | $7.1B | $30.8M | ||
| Q3 25 | $3.6B | $23.2M | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $4.3B | $66.1M | ||
| Q4 24 | $4.6B | $-6.2M | ||
| Q3 24 | $4.2B | $44.8M | ||
| Q2 24 | $3.5B | — |
自由现金流METSCSC
| Q1 26 | — | — | ||
| Q4 25 | — | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — |
自由现金流率METSCSC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — |
资本支出强度METSCSC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% |
现金转化率METSCSC
| Q1 26 | — | — | ||
| Q4 25 | 8.75× | 1.87× | ||
| Q3 25 | 3.98× | 1.17× | ||
| Q2 25 | 3.00× | — | ||
| Q1 25 | 4.51× | 3.79× | ||
| Q4 24 | 3.63× | -0.36× | ||
| Q3 24 | 3.11× | 2.64× | ||
| Q2 24 | 3.69× | — |
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
| Premiums, fees and other revenues | $14.3B | 75% |
| Other | $4.8B | 25% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
