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大都会人寿（MET）与特诺控股（TROX）财务数据对比。点击上方公司名可切换其他公司
特诺控股的季度营收约是大都会人寿的1.2倍（$730.0M vs $600.0M），大都会人寿净利率更高（134.8% vs -24.1%，领先158.9%），特诺控股同比增速更快（8.0% vs 7.9%），过去两年大都会人寿的营收复合增速更高（2.0% vs -2.9%）
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。
特诺控股是一家业务遍及全球的美国化工企业，专注于钛制品领域，现有员工约6500名。在收购南非埃萨罗资源原有的矿砂业务后，特诺已成为全球规模最大的全产业链二氧化钛颜料供应商。二氧化钛颜料主要为涂料、塑料、纸张等产品增白增亮，特诺还拥有钛矿砂开采及加工业务。
MET vs TROX — 直观对比
营收规模更大
TROX
是对方的1.2倍
$600.0M
营收增速更快
TROX
高出0.1%
7.9%
净利率更高
MET
高出158.9%
-24.1%
两年增速更快
MET
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $600.0M | $730.0M |
| 净利润 | $809.0M | $-176.0M |
| 毛利率 | — | 5.3% |
| 营业利润率 | — | -15.6% |
| 净利率 | 134.8% | -24.1% |
| 营收同比 | 7.9% | 8.0% |
| 净利润同比 | -36.3% | -486.7% |
| 每股收益（稀释后） | $1.18 | $-1.11 |
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METTROX
| Q4 25 | $600.0M | $730.0M | ||
| Q3 25 | $621.0M | $699.0M | ||
| Q2 25 | $604.0M | $731.0M | ||
| Q1 25 | $611.0M | $738.0M | ||
| Q4 24 | $556.0M | $676.0M | ||
| Q3 24 | $554.0M | $804.0M | ||
| Q2 24 | $558.0M | $820.0M | ||
| Q1 24 | $577.0M | $774.0M |
净利润METTROX
| Q4 25 | $809.0M | $-176.0M | ||
| Q3 25 | $896.0M | $-99.0M | ||
| Q2 25 | $729.0M | $-84.0M | ||
| Q1 25 | $945.0M | $-111.0M | ||
| Q4 24 | $1.3B | $-30.0M | ||
| Q3 24 | $1.3B | $-25.0M | ||
| Q2 24 | $946.0M | $16.0M | ||
| Q1 24 | $867.0M | $-9.0M |
毛利率METTROX
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 7.4% | ||
| Q2 25 | — | 10.8% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 18.3% | ||
| Q1 24 | — | 15.5% |
营业利润率METTROX
| Q4 25 | — | -15.6% | ||
| Q3 25 | — | -6.2% | ||
| Q2 25 | — | -4.8% | ||
| Q1 25 | — | -8.3% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | — | 5.3% |
净利率METTROX
| Q4 25 | 134.8% | -24.1% | ||
| Q3 25 | 144.3% | -14.2% | ||
| Q2 25 | 120.7% | -11.5% | ||
| Q1 25 | 154.7% | -15.0% | ||
| Q4 24 | 228.6% | -4.4% | ||
| Q3 24 | 242.2% | -3.1% | ||
| Q2 24 | 169.5% | 2.0% | ||
| Q1 24 | 150.3% | -1.2% |
每股收益（稀释后）METTROX
| Q4 25 | $1.18 | $-1.11 | ||
| Q3 25 | $1.22 | $-0.63 | ||
| Q2 25 | $1.03 | $-0.53 | ||
| Q1 25 | $1.28 | $-0.70 | ||
| Q4 24 | $1.75 | $-0.19 | ||
| Q3 24 | $1.81 | $-0.16 | ||
| Q2 24 | $1.28 | $0.10 | ||
| Q1 24 | $1.10 | $-0.06 |
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 | $199.0M |
| 总债务越低越好 | — | $3.1B |
| 股东权益账面价值 | $28.4B | $1.4B |
| 总资产 | $745.2B | $6.2B |
| 负债/权益比越低杠杆越低 | — | 2.21× |
8季度趋势，按日历期对齐
现金及短期投资METTROX
| Q4 25 | $25.6B | $199.0M | ||
| Q3 25 | $26.2B | $185.0M | ||
| Q2 25 | $27.5B | $132.0M | ||
| Q1 25 | $26.9B | $138.0M | ||
| Q4 24 | $25.2B | $151.0M | ||
| Q3 24 | $26.4B | $167.0M | ||
| Q2 24 | $24.6B | $201.0M | ||
| Q1 24 | $24.7B | $152.0M |
总债务METTROX
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.8B |
股东权益METTROX
| Q4 25 | $28.4B | $1.4B | ||
| Q3 25 | $28.9B | $1.6B | ||
| Q2 25 | $27.7B | $1.6B | ||
| Q1 25 | $27.5B | $1.7B | ||
| Q4 24 | $27.4B | $1.8B | ||
| Q3 24 | $30.9B | $1.9B | ||
| Q2 24 | $27.3B | $1.9B | ||
| Q1 24 | $28.5B | $1.9B |
总资产METTROX
| Q4 25 | $745.2B | $6.2B | ||
| Q3 25 | $719.7B | $6.3B | ||
| Q2 25 | $702.5B | $6.2B | ||
| Q1 25 | $688.3B | $6.1B | ||
| Q4 24 | $677.5B | $6.0B | ||
| Q3 24 | $705.0B | $6.2B | ||
| Q2 24 | $675.7B | $6.1B | ||
| Q1 24 | $677.6B | $6.0B |
负债/权益比METTROX
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 2.01× | ||
| Q2 25 | — | 1.67× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | 1.57× | ||
| Q3 24 | — | 1.45× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 1.48× |
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 | $121.0M |
| 自由现金流经营现金流 - 资本支出 | — | $53.0M |
| 自由现金流率自由现金流/营收 | — | 7.3% |
| 资本支出强度资本支出/营收 | — | 9.3% |
| 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 | — | $-281.0M |
8季度趋势，按日历期对齐
经营现金流METTROX
| Q4 25 | $7.1B | $121.0M | ||
| Q3 25 | $3.6B | $-57.0M | ||
| Q2 25 | $2.2B | $28.0M | ||
| Q1 25 | $4.3B | $-32.0M | ||
| Q4 24 | $4.6B | $82.0M | ||
| Q3 24 | $4.2B | $87.0M | ||
| Q2 24 | $3.5B | $160.0M | ||
| Q1 24 | $2.3B | $-29.0M |
自由现金流METTROX
| Q4 25 | — | $53.0M | ||
| Q3 25 | — | $-137.0M | ||
| Q2 25 | — | $-55.0M | ||
| Q1 25 | — | $-142.0M | ||
| Q4 24 | — | $-35.0M | ||
| Q3 24 | — | $-14.0M | ||
| Q2 24 | — | $84.0M | ||
| Q1 24 | — | $-105.0M |
自由现金流率METTROX
| Q4 25 | — | 7.3% | ||
| Q3 25 | — | -19.6% | ||
| Q2 25 | — | -7.5% | ||
| Q1 25 | — | -19.2% | ||
| Q4 24 | — | -5.2% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | 10.2% | ||
| Q1 24 | — | -13.6% |
资本支出强度METTROX
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | — | 9.8% |
现金转化率METTROX
| 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× | 10.00× | ||
| 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% |
TROX
| Ti O2 | $577.0M | 79% |
| Zircon | $78.0M | 11% |
| Idle Facility And Lower Of Cost Or Net Realizable Value Charges | $42.0M | 6% |
| Other | $20.0M | 3% |
| MGT | $13.0M | 2% |
