vs
大都会人寿（MET）与STEWART INFORMATION SERVICES CORP（STC）财务数据对比。点击上方公司名可切换其他公司
STEWART INFORMATION SERVICES CORP的季度营收约是大都会人寿的1.3倍（$764.6M vs $600.0M），大都会人寿净利率更高（134.8% vs 2.2%，领先132.6%），STEWART INFORMATION SERVICES CORP同比增速更快（27.7% vs 7.9%），过去两年STEWART INFORMATION SERVICES CORP的营收复合增速更高（12.7% 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。
斯图尔特信息服务公司（STC）是一家主营房地产信息、产权保险及交易管理服务的企业，旗下全资子公司斯图尔特产权担保公司、斯图尔特产权公司通过直营网点、斯图尔特可信供应商网络内的独立代理机构及合作企业，为美国及全球市场提供相关产品与服务，总部位于得克萨斯州休斯敦，现有员工约6350人。
MET vs STC — 直观对比
营收规模更大
STC
是对方的1.3倍
$600.0M
营收增速更快
STC
高出19.7%
7.9%
净利率更高
MET
高出132.6%
2.2%
两年增速更快
STC
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $600.0M | $764.6M |
| 净利润 | $809.0M | $17.0M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 134.8% | 2.2% |
| 营收同比 | 7.9% | 27.7% |
| 净利润同比 | -36.3% | 448.4% |
| 每股收益（稀释后） | $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METSTC
| Q1 26 | — | $764.6M | ||
| Q4 25 | $600.0M | $790.6M | ||
| Q3 25 | $621.0M | $796.9M | ||
| Q2 25 | $604.0M | $722.2M | ||
| Q1 25 | $611.0M | $612.0M | ||
| Q4 24 | $556.0M | $665.9M | ||
| Q3 24 | $554.0M | $667.9M | ||
| Q2 24 | $558.0M | $602.2M |
净利润METSTC
| Q1 26 | — | $17.0M | ||
| Q4 25 | $809.0M | $36.3M | ||
| Q3 25 | $896.0M | $44.3M | ||
| Q2 25 | $729.0M | $31.9M | ||
| Q1 25 | $945.0M | $3.1M | ||
| Q4 24 | $1.3B | $22.7M | ||
| Q3 24 | $1.3B | $30.1M | ||
| Q2 24 | $946.0M | $17.3M |
营业利润率METSTC
| Q1 26 | — | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 4.8% |
净利率METSTC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 134.8% | 4.6% | ||
| Q3 25 | 144.3% | 5.6% | ||
| Q2 25 | 120.7% | 4.4% | ||
| Q1 25 | 154.7% | 0.5% | ||
| Q4 24 | 228.6% | 3.4% | ||
| Q3 24 | 242.2% | 4.5% | ||
| Q2 24 | 169.5% | 2.9% |
每股收益（稀释后）METSTC
| Q1 26 | — | — | ||
| Q4 25 | $1.18 | $1.26 | ||
| Q3 25 | $1.22 | $1.55 | ||
| Q2 25 | $1.03 | $1.13 | ||
| Q1 25 | $1.28 | $0.11 | ||
| Q4 24 | $1.75 | $0.81 | ||
| Q3 24 | $1.81 | $1.07 | ||
| Q2 24 | $1.28 | $0.62 |
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 | $317.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $28.4B | — |
| 总资产 | $745.2B | — |
| 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METSTC
| Q1 26 | — | $317.5M | ||
| Q4 25 | $25.6B | $369.7M | ||
| Q3 25 | $26.2B | $233.2M | ||
| Q2 25 | $27.5B | $223.8M | ||
| Q1 25 | $26.9B | $194.2M | ||
| Q4 24 | $25.2B | $257.5M | ||
| Q3 24 | $26.4B | $228.7M | ||
| Q2 24 | $24.6B | $176.7M |
总债务METSTC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $445.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益METSTC
| Q1 26 | — | — | ||
| Q4 25 | $28.4B | $1.6B | ||
| Q3 25 | $28.9B | $1.5B | ||
| Q2 25 | $27.7B | $1.4B | ||
| Q1 25 | $27.5B | $1.4B | ||
| Q4 24 | $27.4B | $1.4B | ||
| Q3 24 | $30.9B | $1.4B | ||
| Q2 24 | $27.3B | $1.4B |
总资产METSTC
| Q1 26 | — | — | ||
| Q4 25 | $745.2B | $3.3B | ||
| Q3 25 | $719.7B | $2.8B | ||
| Q2 25 | $702.5B | $2.8B | ||
| Q1 25 | $688.3B | $2.7B | ||
| Q4 24 | $677.5B | $2.7B | ||
| Q3 24 | $705.0B | $2.7B | ||
| Q2 24 | $675.7B | $2.6B |
负债/权益比METSTC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.32× | ||
| 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 | $7.1B | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流METSTC
| Q1 26 | — | — | ||
| Q4 25 | $7.1B | $89.5M | ||
| Q3 25 | $3.6B | $92.6M | ||
| Q2 25 | $2.2B | $53.4M | ||
| Q1 25 | $4.3B | $-29.9M | ||
| Q4 24 | $4.6B | $68.0M | ||
| Q3 24 | $4.2B | $76.1M | ||
| Q2 24 | $3.5B | $21.1M |
自由现金流METSTC
| Q1 26 | — | — | ||
| Q4 25 | — | $62.3M | ||
| Q3 25 | — | $73.6M | ||
| Q2 25 | — | $38.7M | ||
| Q1 25 | — | $-42.2M | ||
| Q4 24 | — | $55.6M | ||
| Q3 24 | — | $67.4M | ||
| Q2 24 | — | $11.9M |
自由现金流率METSTC
| Q1 26 | — | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 2.0% |
资本支出强度METSTC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.5% |
现金转化率METSTC
| Q1 26 | — | — | ||
| Q4 25 | 8.75× | 2.47× | ||
| Q3 25 | 3.98× | 2.09× | ||
| Q2 25 | 3.00× | 1.67× | ||
| Q1 25 | 4.51× | -9.73× | ||
| Q4 24 | 3.63× | 2.99× | ||
| Q3 24 | 3.11× | 2.53× | ||
| Q2 24 | 3.69× | 1.22× |
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% |
STC
| Agency title | $333.0M | 44% |
| Direct title | $270.2M | 35% |
| Real estate solutions | $161.4M | 21% |
