vs
大都会人寿（MET）与Frontier Group Holdings, Inc.（ULCC）财务数据对比。点击上方公司名可切换其他公司
Frontier Group Holdings, Inc.的季度营收约是大都会人寿的1.7倍（$997.0M vs $600.0M），大都会人寿净利率更高（134.8% vs 5.3%，领先129.5%），大都会人寿同比增速更快（7.9% vs -0.5%），过去两年Frontier Group Holdings, Inc.的营收复合增速更高（7.4% 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。
前沿通信母公司（Frontier Communications Parent, Inc.）是一家美国电信企业，拥有自营光纤网络，提供云服务，目前隶属于威瑞森。公司此前曾先后以公民公用事业公司、公民通信公司、前沿通信公司为名开展运营。
MET vs ULCC — 直观对比
营收规模更大
ULCC
是对方的1.7倍
$600.0M
营收增速更快
MET
高出8.4%
-0.5%
净利率更高
MET
高出129.5%
5.3%
两年增速更快
ULCC
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $600.0M | $997.0M |
| 净利润 | $809.0M | $53.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 4.9% |
| 净利率 | 134.8% | 5.3% |
| 营收同比 | 7.9% | -0.5% |
| 净利润同比 | -36.3% | -1.9% |
| 每股收益（稀释后） | $1.18 | $0.24 |
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METULCC
| Q4 25 | $600.0M | $997.0M | ||
| Q3 25 | $621.0M | $886.0M | ||
| Q2 25 | $604.0M | $929.0M | ||
| Q1 25 | $611.0M | $912.0M | ||
| Q4 24 | $556.0M | $1.0B | ||
| Q3 24 | $554.0M | $935.0M | ||
| Q2 24 | $558.0M | $973.0M | ||
| Q1 24 | $577.0M | $865.0M |
净利润METULCC
| Q4 25 | $809.0M | $53.0M | ||
| Q3 25 | $896.0M | $-77.0M | ||
| Q2 25 | $729.0M | $-70.0M | ||
| Q1 25 | $945.0M | $-43.0M | ||
| Q4 24 | $1.3B | $54.0M | ||
| Q3 24 | $1.3B | $26.0M | ||
| Q2 24 | $946.0M | $31.0M | ||
| Q1 24 | $867.0M | $-26.0M |
营业利润率METULCC
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | -8.7% | ||
| Q2 25 | — | -8.1% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | -3.6% |
净利率METULCC
| Q4 25 | 134.8% | 5.3% | ||
| Q3 25 | 144.3% | -8.7% | ||
| Q2 25 | 120.7% | -7.5% | ||
| Q1 25 | 154.7% | -4.7% | ||
| Q4 24 | 228.6% | 5.4% | ||
| Q3 24 | 242.2% | 2.8% | ||
| Q2 24 | 169.5% | 3.2% | ||
| Q1 24 | 150.3% | -3.0% |
每股收益（稀释后）METULCC
| Q4 25 | $1.18 | $0.24 | ||
| Q3 25 | $1.22 | $-0.34 | ||
| Q2 25 | $1.03 | $-0.31 | ||
| Q1 25 | $1.28 | $-0.19 | ||
| Q4 24 | $1.75 | $0.24 | ||
| Q3 24 | $1.81 | $0.11 | ||
| Q2 24 | $1.28 | $0.14 | ||
| Q1 24 | $1.10 | $-0.12 |
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 | $671.0M |
| 总债务越低越好 | — | $620.0M |
| 股东权益账面价值 | $28.4B | $491.0M |
| 总资产 | $745.2B | $7.2B |
| 负债/权益比越低杠杆越低 | — | 1.26× |
8季度趋势，按日历期对齐
现金及短期投资METULCC
| Q4 25 | $25.6B | $671.0M | ||
| Q3 25 | $26.2B | $566.0M | ||
| Q2 25 | $27.5B | $563.0M | ||
| Q1 25 | $26.9B | $686.0M | ||
| Q4 24 | $25.2B | $740.0M | ||
| Q3 24 | $26.4B | $576.0M | ||
| Q2 24 | $24.6B | $658.0M | ||
| Q1 24 | $24.7B | $622.0M |
总债务METULCC
| Q4 25 | — | $620.0M | ||
| Q3 25 | — | $673.0M | ||
| Q2 25 | — | $565.0M | ||
| Q1 25 | — | $512.0M | ||
| Q4 24 | — | $507.0M | ||
| Q3 24 | — | $474.0M | ||
| Q2 24 | — | $455.0M | ||
| Q1 24 | — | $469.0M |
股东权益METULCC
| Q4 25 | $28.4B | $491.0M | ||
| Q3 25 | $28.9B | $434.0M | ||
| Q2 25 | $27.7B | $506.0M | ||
| Q1 25 | $27.5B | $570.0M | ||
| Q4 24 | $27.4B | $604.0M | ||
| Q3 24 | $30.9B | $549.0M | ||
| Q2 24 | $27.3B | $520.0M | ||
| Q1 24 | $28.5B | $484.0M |
总资产METULCC
| Q4 25 | $745.2B | $7.2B | ||
| Q3 25 | $719.7B | $6.7B | ||
| Q2 25 | $702.5B | $6.5B | ||
| Q1 25 | $688.3B | $6.5B | ||
| Q4 24 | $677.5B | $6.2B | ||
| Q3 24 | $705.0B | $5.8B | ||
| Q2 24 | $675.7B | $5.7B | ||
| Q1 24 | $677.6B | $5.2B |
负债/权益比METULCC
| Q4 25 | — | 1.26× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 0.97× |
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 | $-91.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-113.0M |
| 自由现金流率自由现金流/营收 | — | -11.3% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 8.75× | -1.72× |
| 过去12个月自由现金流最近4个季度 | — | $-600.0M |
8季度趋势，按日历期对齐
经营现金流METULCC
| Q4 25 | $7.1B | $-91.0M | ||
| Q3 25 | $3.6B | $-215.0M | ||
| Q2 25 | $2.2B | $-133.0M | ||
| Q1 25 | $4.3B | $-86.0M | ||
| Q4 24 | $4.6B | $87.0M | ||
| Q3 24 | $4.2B | $-156.0M | ||
| Q2 24 | $3.5B | $9.0M | ||
| Q1 24 | $2.3B | $-22.0M |
自由现金流METULCC
| Q4 25 | — | $-113.0M | ||
| Q3 25 | — | $-217.0M | ||
| Q2 25 | — | $-166.0M | ||
| Q1 25 | — | $-104.0M | ||
| Q4 24 | — | $73.0M | ||
| Q3 24 | — | $-170.0M | ||
| Q2 24 | — | $-22.0M | ||
| Q1 24 | — | $-39.0M |
自由现金流率METULCC
| Q4 25 | — | -11.3% | ||
| Q3 25 | — | -24.5% | ||
| Q2 25 | — | -17.9% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | -18.2% | ||
| Q2 24 | — | -2.3% | ||
| Q1 24 | — | -4.5% |
资本支出强度METULCC
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 2.0% |
现金转化率METULCC
| Q4 25 | 8.75× | -1.72× | ||
| Q3 25 | 3.98× | — | ||
| Q2 25 | 3.00× | — | ||
| Q1 25 | 4.51× | — | ||
| Q4 24 | 3.63× | 1.61× | ||
| Q3 24 | 3.11× | -6.00× | ||
| Q2 24 | 3.69× | 0.29× | ||
| 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% |
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
