FNF · Fidelity National Financial, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · FNF

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$14.45B	$13.68B	$11.75B	$11.56B	$15.64B	$10.78B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-
D&A	$844.00M	$739.00M	$593.00M	$496.00M	$645.00M	$296.00M
Operating Income	$1.40B	$1.74B	$693.00M	$1.53B	$3.08B	$1.78B
Interest Expense	-	$209.00M	$174.00M	$115.00M	$114.00M	$90.00M
Income Tax	$753.00M	$367.00M	$192.00M	$398.00M	$713.00M	$322.00M
Net Income	$602.00M	$1.27B	$517.00M	$1.14B	$2.42B	$1.43B
EPS - Basic	$2.22	$4.52	$1.84	$3.98	$7.88	$4.65
EPS - Diluted	$2.21	$4.48	$1.84	$3.95	$7.83	$4.63

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$2.64B	$3.48B	$2.77B	$2.29B	$4.36B	$2.72B
Accounts Receivable	-	-	-	-	-	-
Inventory	-	-	-	-	-	-
Accounts Payable	-	-	-	-	-	-
Current Assets	-	-	-	-	-	-
Total Assets	$109.01B	$95.37B	$80.61B	$65.59B	$60.69B	$50.45B
Current Liabilities	-	-	-	-	-	-
Long-term Debt	$4.40B	$4.32B	$3.89B	$3.24B	$3.10B	$2.66B
Total Liabilities	$100.04B	$86.84B	$73.15B	$59.61B	$51.23B	$42.06B
Stockholders' Equity	$7.42B	$7.75B	$6.91B	$5.62B	$9.41B	$8.35B
Retained Earnings	$5.48B	$5.98B	$5.24B	$4.71B	$4.37B	$2.39B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$5.83B	$6.82B	$6.48B	$4.36B	$4.09B	$1.58B
Investing Cash Flow	($8.93B)	($7.86B)	($9.09B)	($10.52B)	($7.45B)	($2.33B)
Financing Cash Flow	$2.26B	$1.76B	$3.09B	$4.09B	$5.00B	$2.10B
CapEx	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	9.7%	12.7%	5.9%	13.3%	19.7%	16.6%
EBITDA margin	15.5%	18.1%	10.9%	17.6%	23.8%	19.3%
Net margin	4.2%	9.3%	4.4%	9.8%	15.5%	13.2%
Free cash flow margin	-	-	-	-	-	-
FCF / Net income	-	-	-	-	-	-
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	55.6%	22.4%	27.1%	25.9%	22.7%	18.4%
Return on assets	0.6%	1.3%	0.6%	1.7%	4.0%	2.8%
Return on equity	8.1%	16.4%	7.5%	20.2%	25.7%	17.1%
Return on invested capital	5.9%	11.2%	4.7%	12.8%	19.0%	13.2%
Liquidity
Current ratio	-	-	-	-	-	-
Quick ratio	-	-	-	-	-	-
Cash ratio	-	-	-	-	-	-
Leverage
Debt / Equity	0.59	0.56	0.56	0.58	0.33	0.32
Debt / Assets	0.04	0.05	0.05	0.05	0.05	0.05
Debt / EBITDA	1.96	1.74	3.02	1.59	0.83	1.28
Interest coverage	-	8.3x	4.0x	13.3x	27.0x	19.8x
Equity multiplier	14.68	12.30	11.67	11.67	6.45	6.04
Liabilities / Assets	0.92	0.91	0.91	0.91	0.84	0.83
Efficiency
Asset turnover	0.13	0.14	0.15	0.18	0.26	0.21
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	-	-	-	-	-	-
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	24.7x	12.1x	26.7x	9.2x	6.2x	7.8x
P / B	2.0x	1.9x	1.9x	1.8x	1.5x	1.2x
P / S	1.0x	1.1x	1.1x	0.9x	0.9x	1.0x
EV / EBITDA	7.4x	6.3x	11.2x	5.4x	3.4x	5.0x
Growth
Revenue growth (YoY)	5.6%	16.4%	1.7%	-26.1%	45.1%	27.3%
Revenue CAGR (3y)	7.7%	-4.4%	2.9%	10.9%	27.2%	12.0%
Revenue CAGR (5y)	6.0%	10.1%	9.1%	8.6%	10.4%	3.4%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-19.8%	151.4%	-54.9%	-50.2%	72.8%	30.3%
Net income growth (YoY)	-52.6%	145.6%	-54.5%	-53.1%	69.7%	34.4%
EPS growth (YoY)	-50.7%	143.5%	-53.4%	-49.5%	69.1%	-
EPS CAGR (3y)	-17.6%	-16.9%	-26.4%	-	-	-
EPS CAGR (5y)	-13.7%	-	-	-	-	-
FCF growth (YoY)	-	-	-	-	-	-
FCF CAGR (5y)	-	-	-	-	-	-
Book value growth (YoY)	-4.3%	12.2%	22.9%	-40.3%	12.7%	55.2%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$14.56B total

Title Segment$8.49B · 58.3%

FGSegment$5.73B · 39.4%

Corporate And Other$341.00M · 2.3%

Product / service

$21.97B total

Insurance Contracts$8.86B · 40.3%

Insurance Contracts Agency Title Insurance Premiums$3.25B · 14.8%

Life Insurance Premiums Insurance And Investment Product Fees Other$2.88B · 13.1%

Insurance Contracts Direct Title Insurance Premiums$2.57B · 11.7%

Life Insurance Premiums Insurance And Investment Product Fees Other Pension Risk Transfer$2.11B · 9.6%

Escrow Fees$915.00M · 4.2%

Other Title Related Fees And Income$695.00M · 3.2%

Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees$354.00M · 1.6%

Insurance Contracts Home Warranty$151.00M · 0.7%

Real Estate Technology$135.00M · 0.6%

Other Products And Services$44.00M · 0.2%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

4/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
-Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Title Insurance

Company	Revenue (last FY)	Net margin	ROE
STC	$2.92B	4.0%	7.0%
FAF	$7.45B	8.3%	11.3%
DOMA	-	-	-
ITIC	$272.75M	12.9%	13.1%
ARGO	-	-	-

Comparing Fidelity National Financial against the 5 most active filers in the same SIC group.

Dividends

$2.00/share trailing 12 months · +6.0% YoY

Ex-date	Per share
Mar 17, 2026	$0.5200
Dec 17, 2025	$0.5200
Sep 16, 2025	$0.4822
Jun 16, 2025	$0.4822
Mar 17, 2025	$0.4822
Dec 17, 2024	$0.4822
Sep 16, 2024	$0.4629
Jun 14, 2024	$0.4629
Mar 14, 2024	$0.4629
Dec 14, 2023	$0.4629
Sep 14, 2023	$0.4339
Jun 15, 2023	$0.4339
Mar 16, 2023	$0.4339
Dec 15, 2022	$0.4339
Sep 15, 2022	$0.4080
Jun 15, 2022	$0.4080
Mar 16, 2022	$0.4080
Dec 16, 2021	$0.4080
Sep 15, 2021	$0.3709
Jun 15, 2021	$0.3338
Mar 16, 2021	$0.3338
Dec 16, 2020	$0.3338
Sep 15, 2020	$0.3060
Jun 15, 2020	$0.3060