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大都会人寿（MET）与世纪互联（VNET）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世纪互联的1.7倍（$600.0M vs $362.7M），大都会人寿净利率更高（134.8% vs -10.7%，领先145.5%），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
MET vs VNET — 直观对比
营收规模更大
MET
是对方的1.7倍
$362.7M
净利率更高
MET
高出145.5%
-10.7%
两年增速更快
VNET
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $600.0M | $362.7M |
| 净利润 | $809.0M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | 134.8% | -10.7% |
| 营收同比 | 7.9% | — |
| 净利润同比 | -36.3% | — |
| 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METVNET
| Q4 25 | $600.0M | — | ||
| Q3 25 | $621.0M | $362.7M | ||
| Q2 25 | $604.0M | — | ||
| Q1 25 | $611.0M | $309.5M | ||
| Q4 24 | $556.0M | — | ||
| Q3 24 | $554.0M | $302.2M | ||
| Q2 24 | $558.0M | $274.4M | ||
| Q1 24 | $577.0M | $262.9M |
净利润METVNET
| Q4 25 | $809.0M | — | ||
| Q3 25 | $896.0M | $-38.7M | ||
| Q2 25 | $729.0M | — | ||
| Q1 25 | $945.0M | $-2.4M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $-2.1M | ||
| Q2 24 | $946.0M | $-1.1M | ||
| Q1 24 | $867.0M | $-22.0M |
毛利率METVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率METVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.2% |
净利率METVNET
| Q4 25 | 134.8% | — | ||
| Q3 25 | 144.3% | -10.7% | ||
| Q2 25 | 120.7% | — | ||
| Q1 25 | 154.7% | -0.8% | ||
| Q4 24 | 228.6% | — | ||
| Q3 24 | 242.2% | -0.7% | ||
| Q2 24 | 169.5% | -0.4% | ||
| Q1 24 | 150.3% | -8.4% |
每股收益（稀释后）METVNET
| Q4 25 | $1.18 | — | ||
| Q3 25 | $1.22 | — | ||
| Q2 25 | $1.03 | — | ||
| Q1 25 | $1.28 | — | ||
| Q4 24 | $1.75 | — | ||
| Q3 24 | $1.81 | — | ||
| Q2 24 | $1.28 | — | ||
| Q1 24 | $1.10 | — |
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 | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $28.4B | $890.8M |
| 总资产 | $745.2B | $6.1B |
| 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METVNET
| Q4 25 | $25.6B | — | ||
| Q3 25 | $26.2B | $492.1M | ||
| Q2 25 | $27.5B | — | ||
| Q1 25 | $26.9B | $544.3M | ||
| Q4 24 | $25.2B | — | ||
| Q3 24 | $26.4B | $219.5M | ||
| Q2 24 | $24.6B | $247.2M | ||
| Q1 24 | $24.7B | $246.9M |
总债务METVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益METVNET
| Q4 25 | $28.4B | — | ||
| Q3 25 | $28.9B | $890.8M | ||
| Q2 25 | $27.7B | — | ||
| Q1 25 | $27.5B | $927.8M | ||
| Q4 24 | $27.4B | — | ||
| Q3 24 | $30.9B | $902.9M | ||
| Q2 24 | $27.3B | $900.6M | ||
| Q1 24 | $28.5B | $895.1M |
总资产METVNET
| Q4 25 | $745.2B | — | ||
| Q3 25 | $719.7B | $6.1B | ||
| Q2 25 | $702.5B | — | ||
| Q1 25 | $688.3B | $5.4B | ||
| Q4 24 | $677.5B | — | ||
| Q3 24 | $705.0B | $4.3B | ||
| Q2 24 | $675.7B | $4.0B | ||
| Q1 24 | $677.6B | $3.9B |
负债/权益比METVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 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 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流METVNET
| Q4 25 | $7.1B | — | ||
| Q3 25 | $3.6B | $113.8M | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $4.3B | $27.0M | ||
| Q4 24 | $4.6B | — | ||
| Q3 24 | $4.2B | $108.3M | ||
| Q2 24 | $3.5B | $55.8M | ||
| Q1 24 | $2.3B | $37.1M |
自由现金流METVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率METVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度METVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率METVNET
| 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% |
VNET
暂无分部数据
