MET vs UNM: MetLife and Unum Group compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- MetLife is the larger company, worth $65.7B, about 4.4 times Unum Group.
- MetLife grew revenue faster over the last year (+10.5% vs +0.3%).
- MetLife keeps more of each dollar of revenue as operating profit (8.3% vs 6.8%).
- On earnings, MetLife is the cheaper stock (19.7x vs 20.3x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | MET | UNM |
|---|---|---|
| Market cap | $65.7B | $15.0B |
| Share price | $98.33 | $91.67 |
| Revenue (last fiscal year) | $77.1B | $13.1B |
| Free cash flow (last fiscal year) | — | $555M |
| Revenue growth, last year | +10.5% | +0.3% |
| Revenue growth per year, last 5 fiscal years | +2.9% | +2.2% |
| Operating margin | 8.3% | 6.8% |
| Net margin | 4.6% | 5.3% |
| Return on equity | 13.2% | 6.5% |
| P/E (trailing) | 19.7x | 20.3x |
| Price / free cash flow | 3.63x | 27.0x |
| EV / EBITDA | 13.6x | 14.6x |
| FCF growth the price implies | — | 8.9% |
| Dividend yield | 2.2% | 1.5% |
| Debt / equity | 26.7x | 4.87x |
| Fundamental grade | C | D |
| Superinvestors holding it | 7 | 3 |
| Insider purchases, last 12 months | 10 | 2 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
MetLife
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $68.7B | — | 12.4% |
| 2022 | $68.8B | — | 8.7% |
| 2023 | $66.9B | — | 8.6% |
| 2024 | $71.0B | — | 8.4% |
| 2025 | $77.1B | — | 8.0% |
Unum Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $12.0B | $1.3B | 10.5% |
| 2022 | $12.0B | $1.3B | 14.6% |
| 2023 | $12.4B | $1.1B | 13.2% |
| 2024 | $12.9B | $1.4B | 17.5% |
| 2025 | $13.1B | $555M | 7.1% |
Where the revenue comes from
MetLife · by segments, 2023
Group Benefits$25.2B35%
Retirement and Income Solutions$16.6B23%
Asia$10.9B15%
MetLife Holdings$8.2B11%
Latin America$7.4B10%
EMEA$2.5B4%
Unum Group
No segment breakdown reported.
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open MET in InvestinglyQuestions
Which is bigger, MetLife or Unum Group?
MetLife (MET), at $65.7B against $15.0B.
Is MET or UNM cheaper?
By trailing P/E, MetLife (19.7x) is cheaper than Unum Group (20.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, MET or UNM?
MetLife: revenue grew +10.5% over the last year, against +0.3%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.