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Side-by-side financial comparison of ESAB Corp (ESAB) and Fidelity National Financial, Inc. (FNF). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $544.0M, roughly 1.3× Fidelity National Financial, Inc.). ESAB Corp runs the higher net margin — 7.5% vs -21.5%, a 29.0% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs 8.5%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Fidelity National Financial, Inc., is an American provider of title insurance and settlement services to the real estate and mortgage industries. A Fortune 500 company, Fidelity National Financial generated approximately $8.469 billion in annual revenue in 2019 from its title and real estate-related operations. The company was the first instance of an attorney licensed by a Native American Tribe being certified as "authorized house counsel" in the state of Florida.
ESAB vs FNF — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $544.0M |
| Net Profit | $54.8M | $-117.0M |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | 82.9% |
| Net Margin | 7.5% | -21.5% |
| Revenue YoY | 8.5% | 10.3% |
| Net Profit YoY | 2.1% | -126.0% |
| EPS (diluted) | $0.90 | $-0.44 |
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 | $727.8M | $544.0M | ||
| Q3 25 | $715.6M | $553.0M | ||
| Q2 25 | $678.1M | $547.0M | ||
| Q1 25 | — | $455.0M | ||
| Q4 24 | $670.8M | $493.0M | ||
| Q3 24 | $673.3M | $506.0M | ||
| Q2 24 | $707.1M | $504.0M | ||
| Q1 24 | $689.7M | $421.0M |
| Q4 25 | $54.8M | $-117.0M | ||
| Q3 25 | $66.9M | $358.0M | ||
| Q2 25 | $67.4M | $278.0M | ||
| Q1 25 | — | $83.0M | ||
| Q4 24 | $53.7M | $450.0M | ||
| Q3 24 | $68.2M | $266.0M | ||
| Q2 24 | $82.9M | $306.0M | ||
| Q1 24 | $60.0M | $248.0M |
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 38.2% | — | ||
| Q1 24 | 37.0% | — |
| Q4 25 | 14.6% | 82.9% | ||
| Q3 25 | 15.2% | 81.9% | ||
| Q2 25 | 16.2% | 69.8% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 15.7% | 61.9% | ||
| Q2 24 | 16.9% | 90.9% | ||
| Q1 24 | 16.0% | 78.6% |
| Q4 25 | 7.5% | -21.5% | ||
| Q3 25 | 9.3% | 64.7% | ||
| Q2 25 | 9.9% | 50.8% | ||
| Q1 25 | — | 18.2% | ||
| Q4 24 | 8.0% | 91.3% | ||
| Q3 24 | 10.1% | 52.6% | ||
| Q2 24 | 11.7% | 60.7% | ||
| Q1 24 | 8.7% | 58.9% |
| Q4 25 | $0.90 | $-0.44 | ||
| Q3 25 | $1.09 | $1.33 | ||
| Q2 25 | $1.10 | $1.02 | ||
| Q1 25 | — | $0.30 | ||
| Q4 24 | $0.87 | $1.65 | ||
| Q3 24 | $1.11 | $0.97 | ||
| Q2 24 | $1.35 | $1.12 | ||
| Q1 24 | $0.98 | $0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $218.2M | $2.6B |
| Total DebtLower is stronger | $1.3B | $4.4B |
| Stockholders' EquityBook value | $2.1B | $7.4B |
| Total Assets | $4.9B | $109.0B |
| Debt / EquityLower = less leverage | 0.63× | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $2.6B | ||
| Q3 25 | $258.2M | $3.5B | ||
| Q2 25 | $291.3M | $3.3B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | $249.4M | $3.5B | ||
| Q3 24 | $253.7M | $5.0B | ||
| Q2 24 | $228.5M | $4.9B | ||
| Q1 24 | $76.5M | $3.5B |
| Q4 25 | $1.3B | $4.4B | ||
| Q3 25 | $1.1B | $4.4B | ||
| Q2 25 | $1.1B | $4.4B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | $1.1B | $4.3B | ||
| Q3 24 | $1.1B | $4.2B | ||
| Q2 24 | $1.1B | $4.2B | ||
| Q1 24 | $992.8M | $3.9B |
| Q4 25 | $2.1B | $7.4B | ||
| Q3 25 | $2.1B | $8.4B | ||
| Q2 25 | $1.9B | $7.9B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | $1.8B | $7.8B | ||
| Q3 24 | $1.8B | $8.1B | ||
| Q2 24 | $1.7B | $7.3B | ||
| Q1 24 | $1.6B | $7.1B |
| Q4 25 | $4.9B | $109.0B | ||
| Q3 25 | $4.4B | $106.6B | ||
| Q2 25 | $4.2B | $102.3B | ||
| Q1 25 | — | $98.2B | ||
| Q4 24 | $4.0B | $95.4B | ||
| Q3 24 | $4.1B | $94.7B | ||
| Q2 24 | $4.0B | $88.8B | ||
| Q1 24 | $3.8B | $84.5B |
| Q4 25 | 0.63× | 0.59× | ||
| Q3 25 | 0.51× | 0.53× | ||
| Q2 25 | 0.55× | 0.56× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | 0.60× | 0.56× | ||
| Q3 24 | 0.59× | 0.52× | ||
| Q2 24 | 0.63× | 0.58× | ||
| Q1 24 | 0.61× | 0.55× |
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 | $81.5M | $1.5B |
| Free Cash FlowOCF − Capex | $70.3M | — |
| FCF MarginFCF / Revenue | 9.7% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $1.5B | ||
| Q3 25 | $46.6M | $1.3B | ||
| Q2 25 | $35.4M | $1.9B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $126.9M | $1.5B | ||
| Q3 24 | $101.0M | $2.4B | ||
| Q2 24 | $83.0M | $1.4B | ||
| Q1 24 | $44.5M | $1.6B |
| Q4 25 | $70.3M | — | ||
| Q3 25 | $37.4M | — | ||
| Q2 25 | $28.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $102.2M | — | ||
| Q3 24 | $90.4M | — | ||
| Q2 24 | $74.0M | — | ||
| Q1 24 | $37.1M | — |
| Q4 25 | 9.7% | — | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 13.4% | — | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 5.4% | — |
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 1.49× | — | ||
| Q3 25 | 0.70× | 3.66× | ||
| Q2 25 | 0.53× | 6.82× | ||
| Q1 25 | — | 13.43× | ||
| Q4 24 | 2.36× | 3.32× | ||
| Q3 24 | 1.48× | 8.89× | ||
| Q2 24 | 1.00× | 4.45× | ||
| Q1 24 | 0.74× | 6.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
FNF
| Escrow Fees | $241.0M | 44% |
| Other Title Related Fees And Income | $182.0M | 33% |
| Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees | $87.0M | 16% |
| Insurance Contracts Home Warranty | $31.0M | 6% |
