MetLife vs Unum
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KIRAβs take AI analyst
I put MetLife and Unum side by side, using each oneβs latest annual report. Here is what stands out:
- MetLife is the larger business, with $77.1B of revenue in fiscal 2025 against $13.1B for Unum, about 5.9 times as much.
- MetLife grew revenue faster (8.6%, against 1.5%).
- Investors pay more for each dollar of Unumβs earnings: a P/E of 21.0x against 19.2x for MetLife.
Who comes out ahead
Of the 5 measures where higher (or lower) is clearly better, how many each company leads.
MetLife
MET
3/5
Revenue growth5-year growthNet debt / EBITDA
Unum
UNM
2/5
Net marginShare count change
Side by side
Best in the row
| Latest fiscal year | MET FY25 | UNM FY25 |
|---|---|---|
| Size | ||
| Market cap | $64.7B | $14.4B |
| Revenue | $77.1B | $13.1B |
| Free cash flow | β | $555M |
| Net income | $3.4B | $739M |
| Growth | ||
| Revenue growth | 8.6% | 1.5% |
| 5-year growth | 2.6% | β0.1% |
| Share count change | β5.3% | β8.1% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | 8.0% | β |
| Net margin | 4.4% | 5.7% |
| FCF margin | β | 4.3% |
| Return on capital | β | 7.6% |
| Return on equity | β | 6.7% |
| Balance sheet | ||
| Net debt | β$10.8B | $593M |
| Net debt / EBITDA | β1.7x | 0.5x |
| Dividends and buybacks | $4.4B | $1.3B |
| Valuation & quality | ||
| P/E | 19.2x | 21.0x |
| Piotroski F-score | β | β |
Ten years
Revenue
FY16
MET $60.8B
UNM $11.0B
FY17
MET $62.3B
UNM $11.3B
FY18
MET $67.9B
UNM $11.6B
FY19
MET $69.6B
UNM $12.0B
FY20
MET $67.8B
UNM $13.2B
FY21
MET $68.7B
UNM $12.0B
FY22
MET $68.8B
UNM $12.0B
FY23
MET $66.9B
UNM $12.4B
FY24
MET $71.0B
UNM $12.9B
FY25
MET $77.1B
UNM $13.1B
MET
UNM
Operating margin
FY16
MET β
UNM β
FY17
MET β
UNM β
FY18
MET β
UNM β
FY19
MET β
UNM β
FY20
MET β
UNM β
FY21
MET β
UNM β
FY22
MET 8.7%
UNM β
FY23
MET 8.6%
UNM β
FY24
MET 8.5%
UNM β
FY25
MET 8.0%
UNM β
MET
UNM
Free cash flow
FY16
MET β
UNM $1.0B
FY17
MET β
UNM $1.1B
FY18
MET β
UNM $1.4B
FY19
MET β
UNM $1.5B
FY20
MET β
UNM $350M
FY21
MET β
UNM $1.3B
FY22
MET β
UNM $1.3B
FY23
MET β
UNM $1.1B
FY24
MET β
UNM $1.4B
FY25
MET β
UNM $555M
MET
UNM
Return on capital
FY16
MET β
UNM 9.7%
FY17
MET β
UNM 9.9%
FY18
MET β
UNM 6.1%
FY19
MET β
UNM 11.1%
FY20
MET β
UNM 7.8%
FY21
MET β
UNM 10.9%
FY22
MET β
UNM 16.7%
FY23
MET β
UNM 13.1%
FY24
MET β
UNM 16.6%
FY25
MET β
UNM 7.6%
MET
UNM
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.