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Side-by-side financial comparison of First American Financial Corp (FAF) and VEON Ltd. (VEON). 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 $1.1B, roughly 1.9× VEON Ltd.). VEON Ltd. runs the higher net margin — 55.9% vs 10.3%, a 45.6% gap on every dollar of revenue. On growth, First American Financial Corp posted the faster year-over-year revenue change (21.6% vs 5.8%).

First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

FAF vs VEON — Head-to-Head

Bigger by revenue
FAF
FAF
1.9× larger
FAF
$2.0B
$1.1B
VEON
Growing faster (revenue YoY)
FAF
FAF
+15.8% gap
FAF
21.6%
5.8%
VEON
Higher net margin
VEON
VEON
45.6% more per $
VEON
55.9%
10.3%
FAF

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FAF
FAF
VEON
VEON
Revenue
$2.0B
$1.1B
Net Profit
$211.9M
$608.0M
Gross Margin
Operating Margin
14.0%
75.4%
Net Margin
10.3%
55.9%
Revenue YoY
21.6%
5.8%
Net Profit YoY
192.7%
583.1%
EPS (diluted)
$2.04
$0.34

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.

Revenue
FAF
FAF
VEON
VEON
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$1.8B
$1.1B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$1.4B
Q2 24
$1.6B
$1.0B
Q1 24
$1.4B
Net Profit
FAF
FAF
VEON
VEON
Q4 25
$211.9M
Q3 25
$189.6M
Q2 25
$146.1M
$608.0M
Q1 25
$74.2M
Q4 24
$72.4M
Q3 24
$-104.0M
Q2 24
$116.0M
$89.0M
Q1 24
$46.7M
Operating Margin
FAF
FAF
VEON
VEON
Q4 25
14.0%
Q3 25
12.5%
Q2 25
10.6%
75.4%
Q1 25
6.1%
Q4 24
5.9%
Q3 24
-10.3%
Q2 24
9.4%
27.1%
Q1 24
4.1%
Net Margin
FAF
FAF
VEON
VEON
Q4 25
10.3%
Q3 25
9.6%
Q2 25
7.9%
55.9%
Q1 25
4.7%
Q4 24
4.3%
Q3 24
-7.4%
Q2 24
7.2%
8.7%
Q1 24
3.3%
EPS (diluted)
FAF
FAF
VEON
VEON
Q4 25
$2.04
Q3 25
$1.84
Q2 25
$1.41
$0.34
Q1 25
$0.71
Q4 24
$0.70
Q3 24
$-1.00
Q2 24
$1.11
$0.04
Q1 24
$0.45

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FAF
FAF
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$1.4B
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$5.5B
$1.5B
Total Assets
$16.2B
$8.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FAF
FAF
VEON
VEON
Q4 25
$1.4B
Q3 25
$2.9B
Q2 25
$2.0B
$1.3B
Q1 25
$2.0B
Q4 24
$1.7B
Q3 24
$3.0B
Q2 24
$2.0B
$862.0M
Q1 24
$1.5B
Stockholders' Equity
FAF
FAF
VEON
VEON
Q4 25
$5.5B
Q3 25
$5.3B
Q2 25
$5.1B
$1.5B
Q1 25
$5.0B
Q4 24
$4.9B
Q3 24
$5.1B
Q2 24
$4.8B
$1.1B
Q1 24
$4.8B
Total Assets
FAF
FAF
VEON
VEON
Q4 25
$16.2B
Q3 25
$17.6B
Q2 25
$16.3B
$8.5B
Q1 25
$15.5B
Q4 24
$14.9B
Q3 24
$16.6B
Q2 24
$15.2B
$7.3B
Q1 24
$14.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FAF
FAF
VEON
VEON
Operating Cash FlowLast quarter
$369.3M
Free Cash FlowOCF − Capex
$324.5M
FCF MarginFCF / Revenue
15.8%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
1.74×
TTM Free Cash FlowTrailing 4 quarters
$762.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FAF
FAF
VEON
VEON
Q4 25
$369.3M
Q3 25
$272.5M
Q2 25
$361.8M
Q1 25
$-52.8M
Q4 24
$324.6M
Q3 24
$236.9M
Q2 24
$266.7M
Q1 24
$69.3M
Free Cash Flow
FAF
FAF
VEON
VEON
Q4 25
$324.5M
Q3 25
$223.1M
Q2 25
$309.4M
Q1 25
$-94.5M
Q4 24
$266.2M
Q3 24
$185.4M
Q2 24
$210.0M
Q1 24
$17.6M
FCF Margin
FAF
FAF
VEON
VEON
Q4 25
15.8%
Q3 25
11.3%
Q2 25
16.8%
Q1 25
-6.0%
Q4 24
15.8%
Q3 24
13.2%
Q2 24
13.0%
Q1 24
1.2%
Capex Intensity
FAF
FAF
VEON
VEON
Q4 25
2.2%
Q3 25
2.5%
Q2 25
2.8%
Q1 25
2.6%
Q4 24
3.5%
Q3 24
3.7%
Q2 24
3.5%
Q1 24
3.6%
Cash Conversion
FAF
FAF
VEON
VEON
Q4 25
1.74×
Q3 25
1.44×
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
FAF

Title Insurance And Services$1.9B94%
Home Warranty$110.3M5%

VEON
VEON

Segment breakdown not available.

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