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Athene vs Metlife: revenue, profit, margins and growth compared

Athene brought in $25.7B of revenue in fiscal 2025, Metlife $77.1B in fiscal 2025. Revenue changed by +24.1% at Athene and +8.6% at Metlife on the year before, so Athene grew faster. Athene kept 10.6% of its revenue as net profit, Metlife 4.4%.

Side by side, latest fiscal year

ATHSMET
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$25.7B$77.1B
Revenue growth+24.1%+8.6%
Net income$2.7B$3.4B
Net margin10.6%4.4%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)n/a$4.71
Cash$16.9B$22B
Debt$7.8B$14.8B
Price to earningsn/a20.7
Market value$5B$62.1B
Dividend yieldn/a2.30%
Rank by revenue in sector#23 of 444 · Finance#7 of 444 · Finance

Over the years

Revenue
ATHS FY2018: $6.6BATHS FY2019: $16.3BATHS FY2020: $14.8BATHS FY2021: $26.3BATHS FY2022: $7.6BATHS FY2023: $28.2BATHS FY2024: $20.7BATHS FY2025: $25.7BMET FY2018: $67.9BMET FY2019: $69.6BMET FY2020: $67.8BMET FY2021: $68.7BMET FY2022: $68.8BMET FY2023: $66.9BMET FY2024: $71BMET FY2025: $77.1BFY18FY19FY20FY21FY22FY23FY24FY25
ATHS $25.7BMET $77.1B
Net income
ATHS FY2018: $1.1BATHS FY2019: $2.2BATHS FY2020: $1.5BATHS FY2021: $3.9BATHS FY2022: -$2.9BATHS FY2023: $4.7BATHS FY2024: $3.5BATHS FY2025: $2.7BMET FY2018: $5.1BMET FY2019: $5.9BMET FY2020: $5.4BMET FY2021: $6.9BMET FY2022: $5.3BMET FY2023: $1.6BMET FY2024: $4.4BMET FY2025: $3.4BFY18FY19FY20FY21FY22FY23FY24FY25
ATHS $2.7BMET $3.4B
Net margin
ATHS FY2018: 15.9%ATHS FY2019: 13.4%ATHS FY2020: 10.4%ATHS FY2021: 14.7%ATHS FY2022: -38.2%ATHS FY2023: 16.5%ATHS FY2024: 16.7%ATHS FY2025: 10.6%MET FY2018: 7.5%MET FY2019: 8.5%MET FY2020: 8.0%MET FY2021: 10.0%MET FY2022: 7.7%MET FY2023: 2.4%MET FY2024: 6.2%MET FY2025: 4.4%FY18FY19FY20FY21FY22FY23FY24FY25
ATHS 10.6%MET 4.4%
Revenue growth
ATHS FY2019: +145.0%ATHS FY2020: -9.2%ATHS FY2021: +78.3%ATHS FY2022: -71.0%ATHS FY2023: +269.9%ATHS FY2024: -26.6%ATHS FY2025: +24.1%MET FY2019: +2.5%MET FY2020: -2.6%MET FY2021: +1.3%MET FY2022: +0.1%MET FY2023: -2.7%MET FY2024: +6.1%MET FY2025: +8.6%FY19FY20FY21FY22FY23FY24FY25
ATHS +24.1%MET +8.6%

Fiscal years as each company reports them; the two may end in different months.

Questions about Athene and Metlife

Which is bigger by revenue, Athene or Metlife?

Metlife is bigger by revenue: $77.1B in fiscal 2025, against $25.7B for Athene in fiscal 2025.

Which keeps more of its revenue as profit, Athene or Metlife?

Athene had a net margin of 10.6% in fiscal 2025; Metlife had 4.4% in fiscal 2025.

Which grew revenue faster, Athene or Metlife?

In their latest fiscal years revenue changed by +24.1% at Athene and +8.6% at Metlife.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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