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Side-by-side financial comparison of First American Financial Corp (FAF) and SELECT MEDICAL HOLDINGS CORP (SEM). 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 $1.4B, roughly 1.5× SELECT MEDICAL HOLDINGS CORP). First American Financial Corp runs the higher net margin — 10.3% vs 1.4%, a 8.9% gap on every dollar of revenue. On growth, First American Financial Corp posted the faster year-over-year revenue change (21.6% vs 6.4%). First American Financial Corp produced more free cash flow last quarter ($324.5M vs $5.2M). Over the past eight quarters, First American Financial Corp's revenue compounded faster (19.9% CAGR vs 2.8%).
First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
FAF vs SEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.4B |
| Net Profit | $211.9M | $20.2M |
| Gross Margin | — | — |
| Operating Margin | 14.0% | 4.6% |
| Net Margin | 10.3% | 1.4% |
| Revenue YoY | 21.6% | 6.4% |
| Net Profit YoY | 192.7% | 225.7% |
| EPS (diluted) | $2.04 | $0.17 |
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 | $1.4B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | $211.9M | $20.2M | ||
| Q3 25 | $189.6M | $28.8M | ||
| Q2 25 | $146.1M | $40.6M | ||
| Q1 25 | $74.2M | $56.7M | ||
| Q4 24 | $72.4M | $-16.1M | ||
| Q3 24 | $-104.0M | $55.6M | ||
| Q2 24 | $116.0M | $77.6M | ||
| Q1 24 | $46.7M | $96.9M |
| Q4 25 | 14.0% | 4.6% | ||
| Q3 25 | 12.5% | 5.4% | ||
| Q2 25 | 10.6% | 6.5% | ||
| Q1 25 | 6.1% | 8.3% | ||
| Q4 24 | 5.9% | 1.6% | ||
| Q3 24 | -10.3% | 4.3% | ||
| Q2 24 | 9.4% | 5.8% | ||
| Q1 24 | 4.1% | 9.0% |
| Q4 25 | 10.3% | 1.4% | ||
| Q3 25 | 9.6% | 2.1% | ||
| Q2 25 | 7.9% | 3.0% | ||
| Q1 25 | 4.7% | 4.2% | ||
| Q4 24 | 4.3% | -1.2% | ||
| Q3 24 | -7.4% | 4.4% | ||
| Q2 24 | 7.2% | 6.1% | ||
| Q1 24 | 3.3% | 7.3% |
| Q4 25 | $2.04 | $0.17 | ||
| Q3 25 | $1.84 | $0.23 | ||
| Q2 25 | $1.41 | $0.32 | ||
| Q1 25 | $0.71 | $0.44 | ||
| Q4 24 | $0.70 | $-0.12 | ||
| Q3 24 | $-1.00 | $0.43 | ||
| Q2 24 | $1.11 | $0.60 | ||
| Q1 24 | $0.45 | $0.75 |
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 | $26.5M |
| Total DebtLower is stronger | — | $1.8B |
| Stockholders' EquityBook value | $5.5B | $1.7B |
| Total Assets | $16.2B | $5.9B |
| Debt / EquityLower = less leverage | — | 1.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $26.5M | ||
| Q3 25 | $2.9B | $60.1M | ||
| Q2 25 | $2.0B | $52.3M | ||
| Q1 25 | $2.0B | $53.2M | ||
| Q4 24 | $1.7B | $59.7M | ||
| Q3 24 | $3.0B | $191.5M | ||
| Q2 24 | $2.0B | $111.2M | ||
| Q1 24 | $1.5B | $92.6M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | $5.5B | $1.7B | ||
| Q3 25 | $5.3B | $1.7B | ||
| Q2 25 | $5.1B | $1.7B | ||
| Q1 25 | $5.0B | $1.7B | ||
| Q4 24 | $4.9B | $1.7B | ||
| Q3 24 | $5.1B | $1.9B | ||
| Q2 24 | $4.8B | $1.4B | ||
| Q1 24 | $4.8B | $1.4B |
| Q4 25 | $16.2B | $5.9B | ||
| Q3 25 | $17.6B | $5.7B | ||
| Q2 25 | $16.3B | $5.7B | ||
| Q1 25 | $15.5B | $5.7B | ||
| Q4 24 | $14.9B | $5.6B | ||
| Q3 24 | $16.6B | $8.0B | ||
| Q2 24 | $15.2B | $7.9B | ||
| Q1 24 | $14.7B | $7.9B |
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 2.54× | ||
| Q1 24 | — | 2.75× |
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 | $64.3M |
| Free Cash FlowOCF − Capex | $324.5M | $5.2M |
| FCF MarginFCF / Revenue | 15.8% | 0.4% |
| Capex IntensityCapex / Revenue | 2.2% | 4.2% |
| Cash ConversionOCF / Net Profit | 1.74× | 3.19× |
| TTM Free Cash FlowTrailing 4 quarters | $762.5M | $117.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $369.3M | $64.3M | ||
| Q3 25 | $272.5M | $175.3M | ||
| Q2 25 | $361.8M | $110.3M | ||
| Q1 25 | $-52.8M | $-3.5M | ||
| Q4 24 | $324.6M | $125.4M | ||
| Q3 24 | $236.9M | $181.0M | ||
| Q2 24 | $266.7M | $278.2M | ||
| Q1 24 | $69.3M | $-66.7M |
| Q4 25 | $324.5M | $5.2M | ||
| Q3 25 | $223.1M | $122.2M | ||
| Q2 25 | $309.4M | $45.6M | ||
| Q1 25 | $-94.5M | $-55.8M | ||
| Q4 24 | $266.2M | $62.0M | ||
| Q3 24 | $185.4M | $130.3M | ||
| Q2 24 | $210.0M | $222.6M | ||
| Q1 24 | $17.6M | $-119.2M |
| Q4 25 | 15.8% | 0.4% | ||
| Q3 25 | 11.3% | 9.0% | ||
| Q2 25 | 16.8% | 3.4% | ||
| Q1 25 | -6.0% | -4.1% | ||
| Q4 24 | 15.8% | 4.7% | ||
| Q3 24 | 13.2% | 10.2% | ||
| Q2 24 | 13.0% | 17.4% | ||
| Q1 24 | 1.2% | -9.0% |
| Q4 25 | 2.2% | 4.2% | ||
| Q3 25 | 2.5% | 3.9% | ||
| Q2 25 | 2.8% | 4.8% | ||
| Q1 25 | 2.6% | 3.9% | ||
| Q4 24 | 3.5% | 4.8% | ||
| Q3 24 | 3.7% | 4.0% | ||
| Q2 24 | 3.5% | 4.3% | ||
| Q1 24 | 3.6% | 4.0% |
| Q4 25 | 1.74× | 3.19× | ||
| Q3 25 | 1.44× | 6.09× | ||
| Q2 25 | 2.48× | 2.72× | ||
| Q1 25 | -0.71× | -0.06× | ||
| Q4 24 | 4.48× | — | ||
| Q3 24 | — | 3.25× | ||
| Q2 24 | 2.30× | 3.59× | ||
| Q1 24 | 1.48× | -0.69× |
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% |
SEM
| Critical Illness Recovery Hospitals | $629.7M | 45% |
| Health Care Patient Service Non Medicare | $428.6M | 31% |
| Rehabilitation Hospitals | $339.2M | 24% |
