Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

MetLife

MET stock analysis · Financials · Life & Health Insurance

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$84.61HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$54B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Reverse DCF

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Relative valuation

0.8%

69 sector peers · median 17.1×

How this is calculated ↗
Valuation

Historical multiples

9.9×

7 annual observations · snapshot P/E 17.0× · 71.1% versus history

How this is calculated ↗
Valuation

Free cash flow yield

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Quality

ROIC / quality

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Value composite

Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

10.0%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Momentum

Fundamental momentum

14.9%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 17.1B2020-12-31: cfo $11,639,000,000.0020202021-12-31: cfo $12,347,000,000.0020212022-12-31: cfo $13,044,000,000.0020222023-12-31: cfo $13,721,000,000.0020232024-12-31: cfo $14,598,000,000.0020242025-12-31: cfo $17,092,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%
10.0%
12.0%

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-312.4B3.4B17.1B745.2B
2024-12-312.2B4.4B14.6B677.5B
2023-12-312.2B1.6B13.7B687.6B
2022-12-312.1B5.3B13B663.1B
2021-12-312.1B6.9B12.3B759.7B
2020-12-311.4B5.4B11.6B795.1B
2019-12-311.3B5.9B13.8B740.5B
2018-12-311.3B5.1B11.7B687.5B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue2.4BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-19
netIncome3.4BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-19
Parent/common earnings proxy3.2BNetIncomeLossAvailableToCommonStockholdersBasic2026-02-19
cfo17.1BNetCashProvidedByUsedInOperatingActivities2026-02-19
capexNot reported under a supported tag
operatingIncome6.1BOperatingIncomeLoss2026-02-19
assets745.2BAssets2026-02-19
equity28.7BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-19
Parent book equity proxy28.4BStockholdersEquity2026-02-19
debt14.5BLongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities2026-02-19
shortDebt355MShortTermBorrowings2026-02-19
cash22BCashAndCashEquivalentsAtCarryingValue2026-02-19
shares673.3MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-19
dividends1.5BPaymentsOfDividendsCommonStock2026-02-19
buybacks2.9BPaymentsForRepurchaseOfCommonStock2026-02-19
issuanceNot reported under a supported tag