8-K Announcements
6Feb 19, 2026·SEC
Dec 18, 2025·SEC
Nov 7, 2025·SEC
Fidelity National Financial, Inc. (FNF) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Fidelity National Financial, Inc. (FNF) stock price & volume — 10-year historical chart
Fidelity National Financial, Inc. (FNF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Fidelity National Financial, Inc. (FNF) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 19, 2026 | $1.41vs $1.51-6.6% | $4.1Bvs $3.7B+10.7% |
| Q4 2025 | Nov 6, 2025 | $1.57vs $1.42+10.6% | $3.9Bvs $3.6B+10.4% |
| Q3 2025 | Aug 6, 2025 | $1.16vs $1.37-15.3% | $3.6Bvs $3.5B+2.7% |
| Q2 2025 | May 7, 2025 | $0.78vs $1.10-29.1% | $718Mvs $3.3B-78.4% |
Fidelity National Financial, Inc. (FNF) competitors in Mortgage and Title Insurance — business model, growth, and fundamentals comparison
Fidelity National Financial, Inc. (FNF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Fidelity National Financial, Inc. (FNF) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.26B | 7.66B | 7.59B | 8.47B | 10.7B | 15.07B | 11.46B | 11.52B | 13.36B | 13.72B |
| Revenue Growth % | 8.9% | 5.59% | -0.9% | 11.52% | 26.37% | 40.78% | -23.97% | 0.58% | 15.92% | 3.95% |
| Medical Costs & Claims | 2.15B | 2.33B | 2.28B | 2.5B | 3.9B | 6.09B | 4.32B | 5.86B | 6.29B | 6.4B |
| Medical Cost Ratio % | 29.7% | 30.37% | 30.02% | 29.5% | 36.42% | 40.45% | 37.68% | 50.89% | 47.06% | 46.66% |
| Gross Profit | 5.1B▲ 0% | 5.34B▲ 4.6% | 5.31B▼ 0.4% | 5.97B▲ 12.4% | 6.8B▲ 14.0% | 8.97B▲ 31.9% | 7.14B▼ 20.4% | 5.66B▼ 20.7% | 7.07B▲ 25.0% | 7.32B▲ 0% |
| Gross Margin % | 70.3% | 69.63% | 69.98% | 70.5% | 63.58% | 59.55% | 62.32% | 49.11% | 52.94% | 53.34% |
| Gross Profit Growth % | 8.85% | 4.59% | -0.41% | 12.36% | 13.95% | 31.86% | -20.43% | -20.75% | 24.96% | - |
| Operating Expenses | 4.15B | 4.47B | 4.56B | 4.6B | 5.02B | 5.41B | 5.41B | 4.96B | 5.33B | 5.73B |
| OpEx / Revenue % | 57.14% | 58.36% | 60.1% | 54.34% | 46.91% | 35.94% | 47.22% | 43.1% | 39.9% | 41.78% |
| Depreciation & Amortization | 431M | 389M | 182M | 178M | 296M | 432M | 491M | 593M | 739M | 817M |
| Combined Ratio % | 86.84% | 88.73% | 90.12% | 83.84% | 83.33% | 76.38% | 84.9% | 93.98% | 86.96% | 88.44% |
| Operating Income | 955M▲ 0% | 864M▼ 9.5% | 750M▼ 13.2% | 1.37B▲ 82.5% | 1.78B▲ 30.3% | 3.56B▲ 99.4% | 1.73B▼ 51.4% | 693M▼ 59.9% | 1.74B▲ 151.4% | 1.59B▲ 0% |
| Operating Margin % | 13.16% | 11.27% | 9.88% | 16.16% | 16.67% | 23.62% | 15.1% | 6.02% | 13.04% | 11.56% |
| Operating Income Growth % | 24.03% | -9.53% | -13.19% | 82.53% | 30.31% | 99.44% | -51.38% | -59.94% | 151.37% | - |
| EBITDA | 1.39B | 1.25B | 932M | 1.55B | 2.08B | 3.99B | 2.22B | 1.29B | 2.48B | 2.4B |
| EBITDA Margin % | 19.1% | 16.35% | 12.27% | 18.27% | 19.44% | 26.48% | 19.39% | 11.16% | 18.58% | 17.52% |
| Interest Expense | 64M | 48M | 43M | 47M | 90M | 114M | 115M | 174M | 209M | 238M |
| Non-Operating Income | -64M | -48M | -43M | -47M | -90M | -114M | -115M | -174M | -209M | -238M |
| Pretax Income | 955M▲ 0% | 864M▼ 9.5% | 750M▼ 13.2% | 1.37B▲ 82.5% | 1.8B▲ 31.4% | 3.62B▲ 101.3% | 1.75B▼ 51.8% | 710M▼ 59.3% | 1.76B▲ 147.6% | 1.63B▲ 0% |
| Pretax Margin % | 13.16% | 11.27% | 9.88% | 16.16% | 16.81% | 24.04% | 15.23% | 6.16% | 13.16% | 11.91% |
| Income Tax | 347M | 235M | 120M | 308M | 322M | 813M | 439M | 192M | 367M | 361M |
| Effective Tax Rate % | 36.34% | 27.2% | 16% | 22.5% | 17.9% | 22.45% | 25.16% | 27.04% | 20.88% | 22.09% |
| Net Income | 650M▲ 0% | 771M▲ 18.6% | 628M▼ 18.5% | 1.06B▲ 69.1% | 1.43B▲ 34.4% | 2.8B▲ 96.0% | 1.29B▼ 53.7% | 517M▼ 60.0% | 1.27B▲ 145.6% | 1.17B▲ 0% |
| Net Margin % | 8.96% | 10.06% | 8.27% | 12.54% | 13.33% | 18.56% | 11.3% | 4.49% | 9.51% | 8.52% |
| Net Income Growth % | 23.34% | 18.62% | -18.55% | 69.11% | 34.37% | 96.01% | -53.74% | -60.05% | 145.65% | 55.66% |
| EPS (Diluted) | 1.92▲ 0% | 2.38▲ 24.0% | 2.26▼ 5.0% | 3.83▲ 69.5% | 4.99▲ 30.3% | 8.44▲ 69.1% | 4.67▼ 44.7% | 1.91▼ 59.1% | 4.65▲ 143.5% | 4.28▲ 0% |
| EPS Growth % | 27.15% | 23.96% | -5.04% | 69.47% | 30.29% | 69.14% | -44.67% | -59.1% | 143.46% | 56.36% |
| EPS (Basic) | 1.92 | 2.44 | 2.30 | 3.89 | 5.02 | 8.50 | 4.71 | 1.91 | 4.69 | - |
| Diluted Shares Outstanding | 338.81M | 278M | 278M | 277M | 286M | 287M | 277M | 271M | 273M | 273M |
Fidelity National Financial, Inc. (FNF) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 21.36B | 13.62B | 8.96B | 10.68B | 50.45B | 60.69B | 57.11B | 80.61B | 95.37B | 106.64B |
| Asset Growth % | 4.1% | -36.25% | -34.23% | 19.2% | 372.56% | 20.29% | -5.9% | 41.16% | 18.31% | 78.73% |
| Total Investment Assets | 5.61B | 4.48B | 4.81B | 7.2B | 35.05B | 70.11B | 75.56B | 28.89B | 63.62B | 4M |
| Long-Term Investments | 4.23B | 3.26B | 3.41B | 4.23B | 31.99B | 37.63B | 39.88B | 4.83B | 35.18B | 84.47B |
| Short-Term Investments | 2.92B | 2.11B | 2.48B | 2.97B | 28.36B | 32.48B | 35.69B | 24.05B | 27.64B | 29.14B |
| Total Current Assets | 343M | 2.11B | 4.04B | 4.3B | 0 | 40.66B | 43.78B | 27B | 0 | 0 |
| Cash & Equivalents | 1.32B | 1.11B | 1.26B | 992M | 2.45B | 3.88B | 2.04B | 2.5B | 3.41B | 3.22B |
| Receivables | 322M | 317M | 0 | 346M | 3.65B | 4.29B | 5.88B | 442M | 13.85B | 62.61B |
| Other Current Assets | 21M | 0 | 0 | 2.94B | -35.45B | 4.94B | 4.2B | 35.98B | -44.9B | -49.68B |
| Goodwill & Intangibles | 7.07B | 3.76B | 3.64B | 3.55B | 7.16B | 7.5B | 9.09B | 9.88B | 11.67B | 47.23B |
| Goodwill | 5.07B | 2.75B | 2.73B | 2.73B | 4.5B | 4.54B | 4.64B | 4.83B | 5.27B | 5.27B |
| Intangible Assets | 2B | 1.02B | 918M | 826M | 2.67B | 2.96B | 4.45B | 5.04B | 6.4B | 6.89B |
| PP&E (Net) | 616M | 193M | 164M | 586M | 554M | 561M | 555M | 516M | 524M | 530M |
| Other Assets | 3.79B | -3.65B | -110M | -110M | -39.7B | -1.18B | -1.83B | 67.72B | -47.37B | 53.42B |
| Total Liabilities | 14.46B | 9.15B | 4.33B | 4.97B | 42.06B | 51.23B | 59.61B | 73.15B | 86.84B | 97.3B |
| Total Debt | 2.75B | 759M | 836M | 1.28B | 3.08B | 3.51B | 3.66B | 4.28B | 4.71B | 4.77B |
| Net Debt | 1.42B | -351M | -421M | 288M | 627M | -370M | 1.61B | 1.78B | 1.3B | 1.55B |
| Long-Term Debt | 987M | 759M | 836M | 838M | 2.66B | 3.1B | 3.24B | 3.89B | 4.32B | 4.4B |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 433M | -3M |
| Total Current Liabilities | 1.14B | 137M | 35M | 44M | 0 | 0 | 156M | 0 | 0 | 0 |
| Accounts Payable | 42M | 39M | 35M | 44M | 115M | 129M | 156M | 339M | 191M | 3.78B |
| Deferred Revenue | 0 | 0 | 0 | -101M | 0 | -416M | -541M | 3M | 0 | 0 |
| Other Current Liabilities | 1.76B | -570M | -35M | -539M | -1.06B | -816M | -333M | -345M | -1.72B | -3.82B |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Liabilities | 6.29B | 3.17B | 3.16B | 3.28B | -3.49B | 40.2B | 54.85B | 67.26B | 80.41B | 72.68B |
| Total Equity | 6.9B▲ 0% | 4.47B▼ 35.2% | 4.63B▲ 3.6% | 5.71B▲ 23.4% | 8.39B▲ 47.0% | 9.46B▲ 12.7% | 6.57B▼ 30.5% | 7.46B▲ 13.6% | 8.53B▲ 14.4% | 9.33B▲ 0% |
| Equity Growth % | 4.71% | -35.24% | 3.6% | 23.36% | 47% | 12.69% | -30.54% | 13.56% | 14.37% | 41.97% |
| Shareholders Equity | 6B | 4.45B | 4.63B | 5.38B | 8.35B | 9.41B | 6.12B | 6.91B | 7.75B | 8.36B |
| Minority Interest | 902M | 20M | -2M | 327M | 41M | 43M | 453M | 552M | 778M | 979M |
| Retained Earnings | 1.78B | 217M | 641M | 1.36B | 2.39B | 4.37B | 5.22B | 5.24B | 5.98B | 6.29B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -13M | 111M | -13M | 43M | 1.3B | 779M | -2.86B | -2.12B | -2.05B | -1.61B |
| Return on Equity (ROE) | 9.64% | 13.57% | 13.81% | 20.55% | 20.24% | 31.34% | 16.15% | 7.37% | 15.88% | 12.52% |
| Return on Assets (ROA) | 3.1% | 4.41% | 5.56% | 10.82% | 4.67% | 5.03% | 2.2% | 0.75% | 1.44% | 1.1% |
| Equity / Assets | 32.29% | 32.8% | 51.67% | 53.47% | 16.63% | 15.58% | 11.5% | 9.25% | 8.95% | 8.75% |
| Debt / Equity | 0.40x | 0.17x | 0.18x | 0.22x | 0.37x | 0.37x | 0.56x | 0.57x | 0.55x | 0.55x |
| Book Value per Share | 20.36 | 16.07 | 16.65 | 20.61 | 29.34 | 32.95 | 23.71 | 27.53 | 31.25 | 34.19 |
| Tangible BV per Share | -0.51 | 2.54 | 3.54 | 7.78 | 4.30 | 6.83 | -9.11 | -8.91 | -11.48 | -10.37 |
Fidelity National Financial, Inc. (FNF) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.16B | 737M | 943M | 1.12B | 1.58B | 4.09B | 4.36B | 6.48B | 6.82B | 6.82B |
| Operating CF Growth % | 26.72% | -36.57% | 27.95% | 18.88% | 40.77% | 159.19% | 6.48% | 48.75% | 5.2% | -69.34% |
| Operating CF / Revenue % | 16.01% | 9.62% | 12.42% | 13.24% | 14.74% | 27.15% | 38.02% | 56.23% | 51.03% | 49.68% |
| Net Income | 692M | 794M | 635M | 1.08B | 1.45B | 2.44B | 1.15B | 518M | 1.39B | 1.17B |
| Depreciation & Amortization | 431M | 389M | 182M | 178M | 296M | 645M | 496M | 593M | 739M | 817M |
| Stock-Based Compensation | 58M | 44M | 31M | 38M | 39M | 42M | 49M | 60M | 82M | 98M |
| Deferred Taxes | 0 | 0 | 0 | -328M | -10M | -738M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 10M | -258M | 110M | -2M | -102M | -190M | -73M | 597M | -721M | -1B |
| Working Capital Changes | -29M | -232M | -15M | 159M | -97M | 1.89B | 2.73B | 4.71B | 5.32B | 4.63B |
| Cash from Investing | -254M | -95M | -354M | -520M | -2.33B | -7.45B | -10.52B | -9.09B | -7.86B | -9.17B |
| Capital Expenditures | -290M | -149M | -83M | -96M | -110M | -131M | -138M | -132M | -146M | -143M |
| Acquisitions | -723M | -235M | -59M | -35M | -1.25B | -1.85B | -1.26B | -1.59B | -1.72B | -4M |
| Purchase of Investments | -598M | -893M | -1.5B | -1.26B | -4.81B | -16.01B | -15.72B | -13.98B | -18.9B | -22.78B |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 4M |
| Other Investing | 138M | 101M | 93M | 42M | 246M | 480M | 250M | 407M | 628M | 717M |
| Cash from Financing | -588M | -999M | -442M | -482M | 2.1B | 5B | 4.09B | 3.09B | 1.76B | 1.88B |
| Dividends Paid | -239M | -278M | -328M | -344M | -389M | -446M | -489M | -500M | -532M | -547M |
| Share Repurchases | -276M | -70M | -20M | -86M | -236M | -463M | -553M | -24M | -34M | -276M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 121M |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | 6M | -470M | -166M | -37M | 1.48B | 5.48B | 5B | 2.97B | 1.87B | 2.35B |
| Net Change in Cash | 320M▲ 0% | -357M▼ 211.6% | 147M▲ 141.2% | 119M▼ 19.0% | 1.34B▲ 1028.6% | 1.64B▲ 22.2% | -2.07B▼ 226.4% | 481M▲ 123.2% | 712M▲ 48.0% | -1.48B▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 672M | 992M | 1.11B | 1.26B | 1.38B | 2.72B | 4.36B | 2.29B | 2.77B | 3.27B |
| Cash at End | 992M | 635M | 1.26B | 1.38B | 2.72B | 4.36B | 2.29B | 2.77B | 3.48B | 3.49B |
| Free Cash Flow | 872M▲ 0% | 588M▼ 32.6% | 860M▲ 46.3% | 1.02B▲ 19.2% | 1.47B▲ 43.2% | 3.96B▲ 169.7% | 4.22B▲ 6.5% | 6.35B▲ 50.5% | 6.67B▲ 5.1% | 5.67B▲ 0% |
| FCF Growth % | 28.99% | -32.57% | 46.26% | 19.19% | 43.22% | 169.69% | 6.52% | 50.49% | 5.09% | -23.7% |
| FCF Margin % | 12.02% | 7.67% | 11.32% | 12.1% | 13.72% | 26.28% | 36.81% | 55.08% | 49.94% | 41.36% |
| FCF per Share | 2.57 | 2.12 | 3.09 | 3.7 | 5.13 | 13.79 | 15.22 | 23.42 | 24.43 | 24.43 |
Fidelity National Financial, Inc. (FNF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 86.84% | 88.73% | 90.12% | 83.84% | 83.33% | 76.38% | 84.9% | 93.98% | 86.96% | 88.44% |
| Medical Cost Ratio | 29.7% | 30.37% | 30.02% | 29.5% | 36.42% | 40.45% | 37.68% | 50.89% | 47.06% | 46.66% |
| Return on Equity (ROE) | 9.64% | 13.57% | 13.81% | 20.55% | 20.24% | 31.34% | 16.15% | 7.37% | 15.88% | 12.52% |
| Return on Assets (ROA) | 3.1% | 4.41% | 5.56% | 10.82% | 4.67% | 5.03% | 2.2% | 0.75% | 1.44% | 1.1% |
| Equity / Assets | 32.29% | 32.8% | 51.67% | 53.47% | 16.63% | 15.58% | 11.5% | 9.25% | 8.95% | 8.75% |
| Book Value / Share | 20.36 | 16.07 | 16.65 | 20.61 | 29.34 | 32.95 | 23.71 | 27.53 | 31.25 | 34.19 |
| Debt / Equity | 0.40x | 0.17x | 0.18x | 0.22x | 0.37x | 0.37x | 0.56x | 0.57x | 0.55x | 0.55x |
| Revenue Growth | 8.9% | 5.59% | -0.9% | 11.52% | 26.37% | 40.78% | -23.97% | 0.58% | 15.92% | 3.95% |
Fidelity National Financial, Inc. (FNF) SEC filings — annual & quarterly reports (10-K, 10-Q)
Feb 19, 2026·SEC
Dec 18, 2025·SEC
Nov 7, 2025·SEC
Fidelity National Financial, Inc. (FNF) stock FAQ — growth, dividends, profitability & financials explained
Fidelity National Financial, Inc. (FNF) grew revenue by 15.9% over the past year. This is strong growth.
Yes, Fidelity National Financial, Inc. (FNF) is profitable, generating $1.17B in net income for fiscal year 2024 (9.5% net margin).
Yes, Fidelity National Financial, Inc. (FNF) pays a dividend with a yield of 3.81%. This makes it attractive for income-focused investors.
Fidelity National Financial, Inc. (FNF) has a return on equity (ROE) of 15.9%. This is reasonable for most industries.
Fidelity National Financial, Inc. (FNF) has a combined ratio of 87.0%. A ratio below 100% indicates underwriting profitability.
Fidelity National Financial, Inc. (FNF) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates