Saturday 17 October 2026 Export MET’s income statement to Excel — free account

MetLife, Inc.

MetLife, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $77.1 billion, up 8.59% from fiscal 2024. In the quarter to June 2026, revenue grew 10.5%, EPS grew 5.83%, free cash flow grew 1.87% and total debt fell 1.03%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, operating cash flow growth for five.

100.87 0.60 +0.60%

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Market cap: $63.7B
P/E: 19.3×
Fwd P/E: 9.8×
Dividend yield: 2.30%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 1.74

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	1	—	—	—	—

Insider Ownership 17.30%

Capital & Financial Ratios $m

Market Cap 63,720.00

Revenue 79,403.00

Net Income 3,403.00

Free Cash Flow 15,558.00

Net Debt 833.00

Current Ratio 0.15

Debt/Equity 0.73

P/E ratio 19.32

Fwd P/E 9.84

P/S ratio 0.82

P/B ratio 2.34

Past 5Y EPS Growth (3.68%)

This Y EPS Growth 15.84%

Next Y EPS Growth 9.03%

Next Y revenue growth 3.38%

Next 5Y EPS Growth 12.16%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 83.69%

10-year low 10-year high

P/S against its own 10 years 77.33%

10-year low 10-year high

P/B against its own 10 years 99.41%

10-year low 10-year high

Dividends

Payout Ratio 0.44

Annual Dividend Rate 2.32

Annual Dividend Yield 2.30%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.34	0.57 0.59 0.59
2025	2.25	0.55 0.57 0.57 0.57
2024	2.16	0.52 0.55 0.55 0.55
2023	2.06	0.50 0.52 0.52 0.52
2022	1.98	0.48 0.50 0.50 0.50
2021	1.90	0.46 0.48 0.48 0.48
2020	1.82	0.44 0.46 0.46 0.46
2019	1.74	0.42 0.44 0.44 0.44
2018	1.66	0.40 0.42 0.42 0.42
2017	1.47	0.36 0.36 0.36 0.40
2016	1.40	0.33 0.36 0.36 0.36

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	20,639	20,068	22,032	19,301
Receivables	29,161	30,056	49,719	51,061
Inventory	—	—	—	—
Other	—	—	—	—
	49,800	50,124	71,751	70,362

	2023	2024	2025	Q'26
Payables	219,707	215,511	231,687	229,293
ST’ Debt	3,280	3,629	4,510	5,604
Other	219,269	221,445	236,857	245,458
	442,256	440,585	473,054	480,355

Compound Annual Growth %

	10y	5y	3y
Sales	2.31%	2.59%	3.88%
Cash Flow	1.98%	7.99%	9.43%
Earnings	(4.85%)	(9.38%)	(14.63%)
Book Value	(8.33%)	(17.45%)	(1.63%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	19,074	19,154	—	—	—
’25	18,569	17,340	17,361	23,814	77,084
’24	16,057	17,823	18,440	18,666	70,986
’23	15,388	16,623	15,866	19,028	66,905
’22	15,405	15,474	22,283	15,608	68,770
’21	15,562	18,524	16,905	17,705	68,696
’20	18,310	14,099	16,015	19,418	67,842

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2,687	2,228	—	—	—
’25	4,262	2,187	3,567	7,076	17,092
’24	2,328	3,490	4,169	4,611	14,598
’23	2,026	3,038	3,475	5,182	13,721
’22	2,040	4,393	4,310	2,301	13,044
’21	1,496	2,254	3,506	5,091	12,347
’20	1,847	846	3,793	5,153	11,639

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2,687	2,228	—	—	—
’25	4,262	2,187	3,567	7,076	17,092
’24	2,328	3,490	4,169	4,611	14,598
’23	2,026	3,038	3,475	5,182	13,721
’22	2,040	4,393	4,310	2,301	13,044
’21	1,496	2,254	3,506	5,091	12,347
’20	1,847	846	3,793	5,153	11,639

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.74	1.09	—	—	—
’25	1.28	1.03	1.22	1.17	4.71
’24	1.10	1.28	1.81	1.78	5.94
’23	0.02	0.48	0.56	0.77	1.81
’22	1.97	1.12	1.46	1.66	6.55
’21	0.33	3.83	1.77	1.39	7.31
’20	4.75	0.07	0.69	0.14	5.68

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	31.19	44.18	37.76	40.25	22.85	45.73	57.41	48.95	64.61	65.21	Analyst estimates 2026–2028 Powerpack
	High	51.77	55.91	55.21	51.60	53.28	67.68	77.36	73.92	89.05	88.09
People
People	Employees	58,000	49,000	48,000	49,000	46,500	43,000	45,000	45,000	45,000	46,000
	Revenue/emp, $m	1.05	1.27	1.42	1.42	1.46	1.60	1.53	1.49	1.58	1.68
Income, $m
Income, $m	Revenue	60,787	62,308	67,941	69,620	67,842	68,696	68,770	66,905	70,986	77,084
	Gross margin, %	29.66	27.54	29.47	29.42	29.59	29.64	26.66	22.16	25.97	23.83
	EBT	4,281	3,536	6,307	6,795	6,927	8,518	6,364	2,162	5,622	4,661
	EBT margin, %	7.04	5.68	9.28	9.76	10.21	12.40	9.25	3.23	7.92	6.05
	Net income	854	4,020	5,128	5,909	5,418	6,876	5,302	1,602	4,444	3,403
	Depreciation	(458)	(249)	(385)	(369)	(197)	(180)	(319)	(614)	(798)	(1,087)
Per share, $
Per share, $	Revenue	55.24	58.25	67.54	74.25	74.73	79.63	85.62	88.30	100.49	115.24
	Earnings	0.63	3.38	4.91	6.06	5.68	7.31	6.60	1.81	5.94	4.71
	Cash flow	13.42	11.48	11.67	14.70	12.82	14.31	16.24	18.11	20.67	25.55
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	13.42	11.48	11.67	14.70	12.82	14.31	16.24	18.11	20.67	25.55
	Book value	61.52	55.03	52.65	70.80	82.42	78.53	37.51	39.93	39.22	42.88
	Shares, m	1,101	1,070	1,006	938	908	863	803	758	706	669
Valuation, ×
Valuation, ×	P/E	79.31	14.72	8.29	8.41	8.31	8.54	11.55	36.80	13.72	16.80
	P/S	0.88	0.86	0.61	0.69	0.63	0.78	0.84	0.76	0.81	0.69
	P/B	0.79	0.91	0.78	0.72	0.57	0.80	1.92	1.69	2.09	1.84
	EV/Sales	1.02	0.99	0.63	0.70	0.62	0.76	0.82	0.75	0.80	0.65
	EV/FCF	4.18	5.00	3.65	3.56	3.59	4.22	4.33	3.63	3.90	2.93
Cash, $m
Cash, $m	Operating cash flow	14,774	12,283	11,738	13,786	11,639	12,347	13,044	13,721	14,598	17,092
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	14,774	12,283	11,738	13,786	11,639	12,347	13,044	13,721	14,598	17,092
Balance, $m
Balance, $m	Working capital	(330,446)	(351,307)	(356,057)	(373,752)	(398,370)	(389,222)	(386,125)	(392,456)	(390,461)	(401,303)
	Total debt	21,126	20,428	17,304	17,844	18,994	18,196	18,696	19,465	19,191	19,329
	Net debt	8,475	7,727	1,483	1,246	(801)	(1,851)	(1,499)	(1,174)	(877)	(2,703)
	Shareholders’ equity	67,702	58,870	52,958	66,382	74,817	67,749	30,125	30,253	27,703	28,680
Returns, %
Returns, %	ROA	0.08	0.48	0.71	0.80	0.68	0.86	0.72	0.20	0.62	0.45
	ROIC	3.51	3.32	7.24	6.28	5.85	8.08	13.89	4.65	13.10	11.21
	ROE	1.10	6.17	8.91	9.59	7.35	9.33	10.42	4.57	14.58	11.26

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MET MetLife, Inc.	$63.7B	19.3×	9.8×	+10.46% (above 0%: growing)	+5.83% (above 0%: growing)	+1.87% (above 0%: growing)	25.57%	5.40%
AFL Aflac Incorporated	$59.2B	12.8×	16.3×	−1.03% (below 0%: shrinking)	+46.43% (above 0%: growing)	−71.93% (below 0%: shrinking)	49.21%	25.72%	Compare
PRU Prudential Financial, Inc.	$40.1B	10.4×	9.3×	+14.10% (above 0%: growing)	+88.59% (above 0%: growing)	+101.89% (above 0%: growing)	34.85%	7.52%	Compare
PUK Prudential Public Limited Company	$29.5B	16.7×	—	−52.23% (below 0%: shrinking)	+122.99% (above 0%: growing)	−99.72% (below 0%: shrinking)	0.00%	0.00%	Compare
UNM Unum Group	$14.6B	21.5×	11.8×	+0.26% (above 0%: growing)	−16.58% (below 0%: shrinking)	+48.17% (above 0%: growing)	35.37%	11.36%	Compare
GL Globe Life Inc.	$12.9B	11.0×	10.3×	+8.00% (above 0%: growing)	+20.06% (above 0%: growing)	+0.88% (above 0%: growing)	39.24%	24.44%	Compare
JXN Jackson Financial Inc.	$8.9B	176×	13.1×	+135.67% (above 0%: growing)	+292.31% (above 0%: growing)	+57.63% (above 0%: growing)	(630.95%)	411.90%	Compare
PRI Primerica, Inc.	$8.7B	11.3×	10.9×	+9.04% (above 0%: growing)	+19.41% (above 0%: growing)	+5.06% (above 0%: growing)	82.88%	30.52%	Compare
LNC Lincoln National Corporation	$7.7B	3.4×	7.0×	+12.31% (above 0%: growing)	+76.55% (above 0%: growing)	−155.08% (below 0%: shrinking)	37.98%	37.98%	Compare
Median of peers	$13.8B	12.1×	10.9×	+8.52%	+61.49%	+2.97%	36.68%	25.08%

All 17 Insurance Life stocks →

MetLife, Inc. (MET) key facts

Strength: MetLife, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $77.1 billion, up 8.59% from fiscal 2024.
MetLife, Inc. (MET) is an Insurance Life company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, MET traded at $100.87, a market capitalization of $63.7 billion.
MetLife, Inc. pays an annual dividend of $2.32 per share, a yield of 2.30%, with a payout ratio of 44.4%.
Return on equity was 11.3% and debt-to-equity 0.73.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.