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Side-by-side financial comparison of ExlService Holdings, Inc. (EXLS) and Fidelity National Financial, Inc. (FNF). Click either name above to swap in a different company.
Fidelity National Financial, Inc. is the larger business by last-quarter revenue ($544.0M vs $542.6M, roughly 1.0× ExlService Holdings, Inc.). ExlService Holdings, Inc. runs the higher net margin — 11.1% vs -21.5%, a 32.6% gap on every dollar of revenue. On growth, ExlService Holdings, Inc. posted the faster year-over-year revenue change (12.7% vs 10.3%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 11.5%).
Exlservice Holdings, Inc. is a global analytics and digital solutions company serving industries including insurance, healthcare, banking and financial services, media, retail, and others. The company is headquartered in New York and has more than 54,000 professionals in locations throughout the United States, Europe, Asia, Latin America, Australia and South Africa.
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.
EXLS vs FNF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $542.6M | $544.0M |
| Net Profit | $60.2M | $-117.0M |
| Gross Margin | 38.6% | — |
| Operating Margin | 14.4% | 82.9% |
| Net Margin | 11.1% | -21.5% |
| Revenue YoY | 12.7% | 10.3% |
| Net Profit YoY | 18.9% | -126.0% |
| EPS (diluted) | $0.38 | $-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 | $542.6M | $544.0M | ||
| Q3 25 | $529.6M | $553.0M | ||
| Q2 25 | $514.5M | $547.0M | ||
| Q1 25 | $501.0M | $455.0M | ||
| Q4 24 | $481.4M | $493.0M | ||
| Q3 24 | $472.1M | $506.0M | ||
| Q2 24 | $448.4M | $504.0M | ||
| Q1 24 | $436.5M | $421.0M |
| Q4 25 | $60.2M | $-117.0M | ||
| Q3 25 | $58.2M | $358.0M | ||
| Q2 25 | $66.1M | $278.0M | ||
| Q1 25 | $66.6M | $83.0M | ||
| Q4 24 | $50.7M | $450.0M | ||
| Q3 24 | $53.0M | $266.0M | ||
| Q2 24 | $45.8M | $306.0M | ||
| Q1 24 | $48.8M | $248.0M |
| Q4 25 | 38.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 37.7% | — | ||
| Q1 25 | 38.6% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 37.8% | — | ||
| Q2 24 | 37.1% | — | ||
| Q1 24 | 37.4% | — |
| Q4 25 | 14.4% | 82.9% | ||
| Q3 25 | 14.4% | 81.9% | ||
| Q2 25 | 15.8% | 69.8% | ||
| Q1 25 | 15.7% | 24.4% | ||
| Q4 24 | 14.8% | — | ||
| Q3 24 | 14.7% | 61.9% | ||
| Q2 24 | 13.7% | 90.9% | ||
| Q1 24 | 14.1% | 78.6% |
| Q4 25 | 11.1% | -21.5% | ||
| Q3 25 | 11.0% | 64.7% | ||
| Q2 25 | 12.8% | 50.8% | ||
| Q1 25 | 13.3% | 18.2% | ||
| Q4 24 | 10.5% | 91.3% | ||
| Q3 24 | 11.2% | 52.6% | ||
| Q2 24 | 10.2% | 60.7% | ||
| Q1 24 | 11.2% | 58.9% |
| Q4 25 | $0.38 | $-0.44 | ||
| Q3 25 | $0.36 | $1.33 | ||
| Q2 25 | $0.40 | $1.02 | ||
| Q1 25 | $0.40 | $0.30 | ||
| Q4 24 | $0.31 | $1.65 | ||
| Q3 24 | $0.33 | $0.97 | ||
| Q2 24 | $0.28 | $1.12 | ||
| Q1 24 | $0.29 | $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 | $328.4M | $2.6B |
| Total DebtLower is stronger | $298.6M | $4.4B |
| Stockholders' EquityBook value | $912.7M | $7.4B |
| Total Assets | $1.7B | $109.0B |
| Debt / EquityLower = less leverage | 0.33× | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $328.4M | $2.6B | ||
| Q3 25 | $390.1M | $3.5B | ||
| Q2 25 | $353.3M | $3.3B | ||
| Q1 25 | $331.4M | $4.5B | ||
| Q4 24 | $340.6M | $3.5B | ||
| Q3 24 | $325.8M | $5.0B | ||
| Q2 24 | $276.1M | $4.9B | ||
| Q1 24 | $246.2M | $3.5B |
| Q4 25 | $298.6M | $4.4B | ||
| Q3 25 | $354.8M | $4.4B | ||
| Q2 25 | $260.0M | $4.4B | ||
| Q1 25 | $307.3M | $4.4B | ||
| Q4 24 | $288.5M | $4.3B | ||
| Q3 24 | $344.7M | $4.2B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $912.7M | $7.4B | ||
| Q3 25 | $952.4M | $8.4B | ||
| Q2 25 | $1.1B | $7.9B | ||
| Q1 25 | $1.0B | $7.9B | ||
| Q4 24 | $929.9M | $7.8B | ||
| Q3 24 | $907.6M | $8.1B | ||
| Q2 24 | $852.6M | $7.3B | ||
| Q1 24 | $803.3M | $7.1B |
| Q4 25 | $1.7B | $109.0B | ||
| Q3 25 | $1.7B | $106.6B | ||
| Q2 25 | $1.7B | $102.3B | ||
| Q1 25 | $1.7B | $98.2B | ||
| Q4 24 | $1.6B | $95.4B | ||
| Q3 24 | $1.6B | $94.7B | ||
| Q2 24 | $1.5B | $88.8B | ||
| Q1 24 | $1.4B | $84.5B |
| Q4 25 | 0.33× | 0.59× | ||
| Q3 25 | 0.37× | 0.53× | ||
| Q2 25 | 0.25× | 0.56× | ||
| Q1 25 | 0.30× | 0.56× | ||
| Q4 24 | 0.31× | 0.56× | ||
| Q3 24 | 0.38× | 0.52× | ||
| Q2 24 | — | 0.58× | ||
| Q1 24 | — | 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 | $117.4M | $1.5B |
| Free Cash FlowOCF − Capex | $106.5M | — |
| FCF MarginFCF / Revenue | 19.6% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | 1.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $298.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $117.4M | $1.5B | ||
| Q3 25 | $120.7M | $1.3B | ||
| Q2 25 | $109.4M | $1.9B | ||
| Q1 25 | $3.2M | $1.1B | ||
| Q4 24 | $105.3M | $1.5B | ||
| Q3 24 | $110.1M | $2.4B | ||
| Q2 24 | $74.9M | $1.4B | ||
| Q1 24 | $-21.9M | $1.6B |
| Q4 25 | $106.5M | — | ||
| Q3 25 | $106.4M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-9.7M | — | ||
| Q4 24 | $95.3M | — | ||
| Q3 24 | $97.3M | — | ||
| Q2 24 | $62.8M | — | ||
| Q1 24 | $-33.1M | — |
| Q4 25 | 19.6% | — | ||
| Q3 25 | 20.1% | — | ||
| Q2 25 | 18.5% | — | ||
| Q1 25 | -1.9% | — | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | -7.6% | — |
| Q4 25 | 2.0% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 2.6% | — |
| Q4 25 | 1.95× | — | ||
| Q3 25 | 2.08× | 3.66× | ||
| Q2 25 | 1.66× | 6.82× | ||
| Q1 25 | 0.05× | 13.43× | ||
| Q4 24 | 2.08× | 3.32× | ||
| Q3 24 | 2.08× | 8.89× | ||
| Q2 24 | 1.63× | 4.45× | ||
| Q1 24 | -0.45× | 6.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXLS
| Insurance | $185.8M | 34% |
| Healthcare And Life Sciences | $142.2M | 26% |
| Banking Capital Markets And Diversified Industries | $122.6M | 23% |
| International Growth Markets | $92.0M | 17% |
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% |
