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Side-by-side financial comparison of First American Financial Corp (FAF) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.
First American Financial Corp is the larger business by last-quarter revenue ($2.0B vs $1.3B, roughly 1.6× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 10.3%, a 6.2% gap on every dollar of revenue. On growth, First American Financial Corp posted the faster year-over-year revenue change (21.6% vs 11.1%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $324.5M).
First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.
FAF vs Q — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.3B |
| Net Profit | $211.9M | $211.0M |
| Gross Margin | — | 45.1% |
| Operating Margin | 14.0% | 21.3% |
| Net Margin | 10.3% | 16.5% |
| Revenue YoY | 21.6% | 11.1% |
| Net Profit YoY | 192.7% | 6.0% |
| EPS (diluted) | $2.04 | $1.01 |
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 | $2.0B | — | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $211.9M | — | ||
| Q3 25 | $189.6M | $211.0M | ||
| Q2 25 | $146.1M | — | ||
| Q1 25 | $74.2M | — | ||
| Q4 24 | $72.4M | — | ||
| Q3 24 | $-104.0M | $199.0M | ||
| Q2 24 | $116.0M | — | ||
| Q1 24 | $46.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 45.1% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 14.0% | — | ||
| Q3 25 | 12.5% | 21.3% | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | -10.3% | 21.8% | ||
| Q2 24 | 9.4% | — | ||
| Q1 24 | 4.1% | — |
| Q4 25 | 10.3% | — | ||
| Q3 25 | 9.6% | 16.5% | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | -7.4% | 17.3% | ||
| Q2 24 | 7.2% | — | ||
| Q1 24 | 3.3% | — |
| Q4 25 | $2.04 | — | ||
| Q3 25 | $1.84 | $1.01 | ||
| Q2 25 | $1.41 | — | ||
| Q1 25 | $0.71 | — | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $-1.00 | $0.95 | ||
| Q2 24 | $1.11 | — | ||
| Q1 24 | $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 | $1.4B | $128.0M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $5.5B | $9.1B |
| Total Assets | $16.2B | $12.5B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | — | ||
| Q3 25 | $2.9B | $128.0M | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.3B | $9.1B | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $5.1B | $11.1B | ||
| Q2 24 | $4.8B | — | ||
| Q1 24 | $4.8B | — |
| Q4 25 | $16.2B | — | ||
| Q3 25 | $17.6B | $12.5B | ||
| Q2 25 | $16.3B | — | ||
| Q1 25 | $15.5B | — | ||
| Q4 24 | $14.9B | — | ||
| Q3 24 | $16.6B | — | ||
| Q2 24 | $15.2B | — | ||
| Q1 24 | $14.7B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $369.3M | $782.0M |
| Free Cash FlowOCF − Capex | $324.5M | $568.0M |
| FCF MarginFCF / Revenue | 15.8% | 44.5% |
| Capex IntensityCapex / Revenue | 2.2% | 16.8% |
| Cash ConversionOCF / Net Profit | 1.74× | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $762.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $369.3M | — | ||
| Q3 25 | $272.5M | $782.0M | ||
| Q2 25 | $361.8M | — | ||
| Q1 25 | $-52.8M | — | ||
| Q4 24 | $324.6M | — | ||
| Q3 24 | $236.9M | — | ||
| Q2 24 | $266.7M | — | ||
| Q1 24 | $69.3M | — |
| Q4 25 | $324.5M | — | ||
| Q3 25 | $223.1M | $568.0M | ||
| Q2 25 | $309.4M | — | ||
| Q1 25 | $-94.5M | — | ||
| Q4 24 | $266.2M | — | ||
| Q3 24 | $185.4M | — | ||
| Q2 24 | $210.0M | — | ||
| Q1 24 | $17.6M | — |
| Q4 25 | 15.8% | — | ||
| Q3 25 | 11.3% | 44.5% | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | -6.0% | — | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 13.2% | — | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | 1.2% | — |
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.5% | 16.8% | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 3.6% | — |
| Q4 25 | 1.74× | — | ||
| Q3 25 | 1.44× | 3.71× | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | 4.48× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.30× | — | ||
| Q1 24 | 1.48× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
