vs
大都会人寿（MET）与Viper Energy, Inc.（VNOM）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Viper Energy, Inc.的1.5倍（$600.0M vs $393.0M），大都会人寿净利率更高（134.8% vs -19.6%，领先154.4%），Viper Energy, Inc.同比增速更快（88.0% vs 7.9%）
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。
Commonwealth Fusion Systems（CFS）是一家美国核聚变能源企业，2018年从麻省理工学院（MIT）分拆后于马萨诸塞州剑桥成立。公司以基于ARC托卡马克设计建造小型核聚变发电厂为目标，参与了美国能源部推出的INFUSE公私知识创新计划，与多家国家实验室及高校开展合作。
MET vs VNOM — 直观对比
营收规模更大
MET
是对方的1.5倍
$393.0M
营收增速更快
VNOM
高出80.1%
7.9%
净利率更高
MET
高出154.4%
-19.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $600.0M | $393.0M |
| 净利润 | $809.0M | $-77.0M |
| 毛利率 | — | — |
| 营业利润率 | — | -44.8% |
| 净利率 | 134.8% | -19.6% |
| 营收同比 | 7.9% | 88.0% |
| 净利润同比 | -36.3% | -257.1% |
| 每股收益（稀释后） | $1.18 | $-0.52 |
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METVNOM
| Q4 25 | $600.0M | — | ||
| Q3 25 | $621.0M | $393.0M | ||
| Q2 25 | $604.0M | — | ||
| Q1 25 | $611.0M | — | ||
| Q4 24 | $556.0M | — | ||
| Q3 24 | $554.0M | $209.0M | ||
| Q2 24 | $558.0M | — | ||
| Q1 24 | $577.0M | — |
净利润METVNOM
| Q4 25 | $809.0M | — | ||
| Q3 25 | $896.0M | $-77.0M | ||
| Q2 25 | $729.0M | — | ||
| Q1 25 | $945.0M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $49.0M | ||
| Q2 24 | $946.0M | — | ||
| Q1 24 | $867.0M | — |
营业利润率METVNOM
| Q4 25 | — | — | ||
| Q3 25 | — | -44.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 65.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
净利率METVNOM
| Q4 25 | 134.8% | — | ||
| Q3 25 | 144.3% | -19.6% | ||
| Q2 25 | 120.7% | — | ||
| Q1 25 | 154.7% | — | ||
| Q4 24 | 228.6% | — | ||
| Q3 24 | 242.2% | 23.4% | ||
| Q2 24 | 169.5% | — | ||
| Q1 24 | 150.3% | — |
每股收益（稀释后）METVNOM
| Q4 25 | $1.18 | — | ||
| Q3 25 | $1.22 | $-0.52 | ||
| Q2 25 | $1.03 | — | ||
| Q1 25 | $1.28 | — | ||
| Q4 24 | $1.75 | — | ||
| Q3 24 | $1.81 | $0.52 | ||
| 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 | $53.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $28.4B | $4.6B |
| 总资产 | $745.2B | $13.7B |
| 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METVNOM
| Q4 25 | $25.6B | — | ||
| Q3 25 | $26.2B | $53.0M | ||
| Q2 25 | $27.5B | — | ||
| Q1 25 | $26.9B | — | ||
| Q4 24 | $25.2B | — | ||
| Q3 24 | $26.4B | — | ||
| Q2 24 | $24.6B | — | ||
| Q1 24 | $24.7B | — |
股东权益METVNOM
| Q4 25 | $28.4B | — | ||
| Q3 25 | $28.9B | $4.6B | ||
| Q2 25 | $27.7B | — | ||
| Q1 25 | $27.5B | — | ||
| Q4 24 | $27.4B | — | ||
| Q3 24 | $30.9B | $3.3B | ||
| Q2 24 | $27.3B | — | ||
| Q1 24 | $28.5B | — |
总资产METVNOM
| Q4 25 | $745.2B | — | ||
| Q3 25 | $719.7B | $13.7B | ||
| Q2 25 | $702.5B | — | ||
| Q1 25 | $688.3B | — | ||
| Q4 24 | $677.5B | — | ||
| Q3 24 | $705.0B | — | ||
| Q2 24 | $675.7B | — | ||
| Q1 24 | $677.6B | — |
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 | $654.0M |
| 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METVNOM
| Q4 25 | $7.1B | — | ||
| Q3 25 | $3.6B | $654.0M | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.6B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $2.3B | — |
现金转化率METVNOM
| 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% |
VNOM
| Oil Income | $332.0M | 84% |
| Natural Gas Liquids Income | $46.0M | 12% |
| Natural Gas Income | $15.0M | 4% |
