Aureus
AExcellent

MetLife, Inc.(MET)

A

Financial data as of Dec 31, 2025Improving · Financials

FCF Margin22.6%Free Cash Flow / Revenue
Cash Conversion—Operating CF / Net Income
Free Cash Flow$17.1B
Revenue$75.7B
Net Cash$1.8BCash exceeds debt
Debt / FCF1.2xManageable debt load
Current Ratio0.00Tight short-term liquidity
YoY FCF Growth+53.5%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (22.6%, 1.2x)
→
-0.5Current ratio below 1.0 (0.00) (reduced — strong FCF covers short-term obligations)
→
+1Strong YoY FCF growth (53.5% YoY)
→
+1Net cash position with strong FCF margin
→
+1Very low debt-to-FCF ratio (1.2x)
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (22.6%)
  • Net cash position ($1.8B)
  • Very low debt relative to cash flow (1.2x)
  • Strong YoY FCF growth (+53.5%)

Concerns

  • Current ratio below 1.0 — tight short-term liquidity
Cash conversion ratio unavailable or not meaningful

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin22.6%
Net Margin4.5%
Operating CF Margin22.6%
CapEx Ratio0.0%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash$1.8BCash exceeds debt
Debt / FCF1.2xManageable debt load
Current Ratio0.00Tight liquidity
Debt / Equity0.71Low leverage

Quarterly FCF Trend

+53.5% YoYImproving (+53.5%)

Free cash flow per quarter

Sector Comparison — Financials

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameMetLife, Inc.
SectorFinancials
Free Cash Flow$17.1B
Revenue$75.7B
Net Income$3.4B
Operating Cash Flow$17.1B
Capital Expenditure$0
FCF Margin22.6%
Cash Conversion Rate—
Net Margin4.5%
Total Debt$20.2B
Total Cash$22.0B
Net Cash$1.8B
Current Ratio0.00
Debt / Equity0.71
Debt / FCF1.2x
YoY FCF Growth+53.5%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance

Related Research

All research →
Sector Report4 min read

Financials: 16 A-Grades With Five Banks Failing

Payments and exchanges print cash. Big banks bleed it. The split is getting worse.

Apr 3, 2026
CMEVMACOF+12
Sector Report4 min read

Financials: Twelve A-Grades Propped Up by Payments

The sector looks healthy on paper. But strip out the payment networks and exchanges, and the numbers tell a different story.

Feb 13, 2026
CMEVMACOF+12