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Lincoln National vs Metlife: revenue, profit, margins and growth compared

Lincoln National brought in $18.2B of revenue in fiscal 2025, Metlife $77.1B in fiscal 2025. Revenue changed by -1.2% at Lincoln National and +8.6% at Metlife on the year before, so Metlife grew faster. Lincoln National kept 6.5% of its revenue as net profit, Metlife 4.4%.

Side by side, latest fiscal year

LNCMET
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$18.2B$77.1B
Revenue growth-1.2%+8.6%
Net income$1.2B$3.4B
Net margin6.5%4.4%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$5.83$4.71
Cash$9.5B$22B
Debt$5.9B$14.8B
Price to earnings7.220.7
Market value$8B$62.1B
Dividend yield4.32%2.30%
Rank by revenue in sector#35 of 444 · Finance#7 of 444 · Finance

Over the years

Revenue
LNC FY2018: $16.4BLNC FY2019: $17.3BLNC FY2020: $17.4BLNC FY2021: $17.7BLNC FY2022: $18.8BLNC FY2023: $11.6BLNC FY2024: $18.4BLNC FY2025: $18.2BMET FY2018: $67.9BMET FY2019: $69.6BMET FY2020: $67.8BMET FY2021: $68.7BMET FY2022: $68.8BMET FY2023: $66.9BMET FY2024: $71BMET FY2025: $77.1BFY18FY19FY20FY21FY22FY23FY24FY25
LNC $18.2BMET $77.1B
Net income
LNC FY2018: $1.6BLNC FY2019: $886MLNC FY2020: $499MLNC FY2021: $3.8BLNC FY2022: $1.4BLNC FY2023: -$752MLNC FY2024: $3.3BLNC FY2025: $1.2BMET FY2018: $5.1BMET FY2019: $5.9BMET FY2020: $5.4BMET FY2021: $6.9BMET FY2022: $5.3BMET FY2023: $1.6BMET FY2024: $4.4BMET FY2025: $3.4BFY18FY19FY20FY21FY22FY23FY24FY25
LNC $1.2BMET $3.4B
Net margin
LNC FY2018: 10.0%LNC FY2019: 5.1%LNC FY2020: 2.9%LNC FY2021: 21.3%LNC FY2022: 7.2%LNC FY2023: -6.5%LNC FY2024: 17.8%LNC FY2025: 6.5%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
LNC 6.5%MET 4.4%
Revenue growth
LNC FY2019: +5.1%LNC FY2020: +1.0%LNC FY2021: +1.6%LNC FY2022: +6.2%LNC FY2023: -38.1%LNC FY2024: +58.4%LNC FY2025: -1.2%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
LNC -1.2%MET +8.6%

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

Questions about Lincoln National and Metlife

Which is bigger by revenue, Lincoln National or Metlife?

Metlife is bigger by revenue: $77.1B in fiscal 2025, against $18.2B for Lincoln National in fiscal 2025.

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

Lincoln National had a net margin of 6.5% in fiscal 2025; Metlife had 4.4% in fiscal 2025.

Which grew revenue faster, Lincoln National or Metlife?

In their latest fiscal years revenue changed by -1.2% at Lincoln National 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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