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Side-by-side financial comparison of Allstate (ALL) and First American Financial Corp (FAF). Click either name above to swap in a different company.
Allstate is the larger business by last-quarter revenue ($17.3B vs $2.0B, roughly 8.5× First American Financial Corp). Allstate runs the higher net margin — 22.1% vs 10.3%, a 11.8% gap on every dollar of revenue. On growth, First American Financial Corp posted the faster year-over-year revenue change (21.6% vs 5.1%). Allstate produced more free cash flow last quarter ($2.9B vs $324.5M). Over the past eight quarters, First American Financial Corp's revenue compounded faster (19.9% CAGR vs 6.6%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.
ALL vs FAF — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $17.3B | $2.0B |
| Net Profit | $3.8B | $211.9M |
| Gross Margin | — | — |
| Operating Margin | — | 14.0% |
| Net Margin | 22.1% | 10.3% |
| Revenue YoY | 5.1% | 21.6% |
| Net Profit YoY | 98.8% | 192.7% |
| EPS (diluted) | $14.24 | $2.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $17.3B | $2.0B | ||
| Q3 25 | $17.3B | $2.0B | ||
| Q2 25 | $16.6B | $1.8B | ||
| Q1 25 | $16.5B | $1.6B | ||
| Q4 24 | $16.5B | $1.7B | ||
| Q3 24 | $16.6B | $1.4B | ||
| Q2 24 | $15.7B | $1.6B | ||
| Q1 24 | $15.3B | $1.4B |
| Q4 25 | $3.8B | $211.9M | ||
| Q3 25 | $3.7B | $189.6M | ||
| Q2 25 | $2.1B | $146.1M | ||
| Q1 25 | $595.0M | $74.2M | ||
| Q4 24 | $1.9B | $72.4M | ||
| Q3 24 | $1.2B | $-104.0M | ||
| Q2 24 | $331.0M | $116.0M | ||
| Q1 24 | $1.2B | $46.7M |
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | — | -10.3% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 4.1% |
| Q4 25 | 22.1% | 10.3% | ||
| Q3 25 | 21.7% | 9.6% | ||
| Q2 25 | 12.7% | 7.9% | ||
| Q1 25 | 3.6% | 4.7% | ||
| Q4 24 | 11.7% | 4.3% | ||
| Q3 24 | 7.2% | -7.4% | ||
| Q2 24 | 2.1% | 7.2% | ||
| Q1 24 | 8.0% | 3.3% |
| Q4 25 | $14.24 | $2.04 | ||
| Q3 25 | $13.95 | $1.84 | ||
| Q2 25 | $7.76 | $1.41 | ||
| Q1 25 | $2.11 | $0.71 | ||
| Q4 24 | $7.07 | $0.70 | ||
| Q3 24 | $4.33 | $-1.00 | ||
| Q2 24 | $1.13 | $1.11 | ||
| Q1 24 | $4.46 | $0.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9B | $1.4B |
| Total DebtLower is stronger | $7.5B | — |
| Stockholders' EquityBook value | $30.6B | $5.5B |
| Total Assets | $119.8B | $16.2B |
| Debt / EquityLower = less leverage | 0.24× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9B | $1.4B | ||
| Q3 25 | $8.7B | $2.9B | ||
| Q2 25 | $9.6B | $2.0B | ||
| Q1 25 | $6.5B | $2.0B | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $7.0B | $3.0B | ||
| Q2 24 | $5.3B | $2.0B | ||
| Q1 24 | $4.3B | $1.5B |
| Q4 25 | $7.5B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.1B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.1B | — | ||
| Q2 24 | $8.1B | — | ||
| Q1 24 | $7.9B | — |
| Q4 25 | $30.6B | $5.5B | ||
| Q3 25 | $27.5B | $5.3B | ||
| Q2 25 | $24.0B | $5.1B | ||
| Q1 25 | $22.1B | $5.0B | ||
| Q4 24 | $21.4B | $4.9B | ||
| Q3 24 | $20.9B | $5.1B | ||
| Q2 24 | $18.6B | $4.8B | ||
| Q1 24 | $18.6B | $4.8B |
| Q4 25 | $119.8B | $16.2B | ||
| Q3 25 | $120.4B | $17.6B | ||
| Q2 25 | $115.9B | $16.3B | ||
| Q1 25 | $115.2B | $15.5B | ||
| Q4 24 | $111.6B | $14.9B | ||
| Q3 24 | $113.7B | $16.6B | ||
| Q2 24 | $108.4B | $15.2B | ||
| Q1 24 | $105.2B | $14.7B |
| Q4 25 | 0.24× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 0.43× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $369.3M |
| Free Cash FlowOCF − Capex | $2.9B | $324.5M |
| FCF MarginFCF / Revenue | 16.7% | 15.8% |
| Capex IntensityCapex / Revenue | 0.5% | 2.2% |
| Cash ConversionOCF / Net Profit | 0.78× | 1.74× |
| TTM Free Cash FlowTrailing 4 quarters | $9.9B | $762.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $369.3M | ||
| Q3 25 | $3.3B | $272.5M | ||
| Q2 25 | $1.9B | $361.8M | ||
| Q1 25 | $2.0B | $-52.8M | ||
| Q4 24 | $1.7B | $324.6M | ||
| Q3 24 | $3.2B | $236.9M | ||
| Q2 24 | $2.4B | $266.7M | ||
| Q1 24 | $1.7B | $69.3M |
| Q4 25 | $2.9B | $324.5M | ||
| Q3 25 | $3.2B | $223.1M | ||
| Q2 25 | $1.9B | $309.4M | ||
| Q1 25 | $1.9B | $-94.5M | ||
| Q4 24 | $1.7B | $266.2M | ||
| Q3 24 | $3.1B | $185.4M | ||
| Q2 24 | $2.3B | $210.0M | ||
| Q1 24 | $1.6B | $17.6M |
| Q4 25 | 16.7% | 15.8% | ||
| Q3 25 | 18.8% | 11.3% | ||
| Q2 25 | 11.3% | 16.8% | ||
| Q1 25 | 11.4% | -6.0% | ||
| Q4 24 | 10.0% | 15.8% | ||
| Q3 24 | 18.9% | 13.2% | ||
| Q2 24 | 14.7% | 13.0% | ||
| Q1 24 | 10.6% | 1.2% |
| Q4 25 | 0.5% | 2.2% | ||
| Q3 25 | 0.3% | 2.5% | ||
| Q2 25 | 0.0% | 2.8% | ||
| Q1 25 | 0.6% | 2.6% | ||
| Q4 24 | 0.3% | 3.5% | ||
| Q3 24 | 0.4% | 3.7% | ||
| Q2 24 | 0.4% | 3.5% | ||
| Q1 24 | 0.3% | 3.6% |
| Q4 25 | 0.78× | 1.74× | ||
| Q3 25 | 0.88× | 1.44× | ||
| Q2 25 | 0.89× | 2.48× | ||
| Q1 25 | 3.30× | -0.71× | ||
| Q4 24 | 0.88× | 4.48× | ||
| Q3 24 | 2.69× | — | ||
| Q2 24 | 7.13× | 2.30× | ||
| Q1 24 | 1.37× | 1.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
Segment breakdown not available.
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
