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Side-by-side financial comparison of Fidelis Insurance Holdings Ltd (FIHL) and Fabrinet (FN). Click either name above to swap in a different company.

Fabrinet is the larger business by last-quarter revenue ($1.1B vs $651.9M, roughly 1.7× Fidelis Insurance Holdings Ltd). Fidelis Insurance Holdings Ltd runs the higher net margin — 20.0% vs 9.9%, a 10.1% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs -5.0%). Fidelis Insurance Holdings Ltd produced more free cash flow last quarter ($154.6M vs $-5.3M).

Fidelis Insurance Holdings Ltd is a global specialty insurance and reinsurance firm headquartered in Bermuda. It offers tailored coverage solutions across property, casualty, marine, aviation, and specialty risk segments, serving corporate and institutional clients across North America, Europe, and other international markets.

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

FIHL vs FN — Head-to-Head

Bigger by revenue
FN
FN
1.7× larger
FN
$1.1B
$651.9M
FIHL
Growing faster (revenue YoY)
FN
FN
+40.9% gap
FN
35.9%
-5.0%
FIHL
Higher net margin
FIHL
FIHL
10.1% more per $
FIHL
20.0%
9.9%
FN
More free cash flow
FIHL
FIHL
$159.9M more FCF
FIHL
$154.6M
$-5.3M
FN

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
FIHL
FIHL
FN
FN
Revenue
$651.9M
$1.1B
Net Profit
$130.5M
$112.6M
Gross Margin
12.2%
Operating Margin
24.7%
10.1%
Net Margin
20.0%
9.9%
Revenue YoY
-5.0%
35.9%
Net Profit YoY
29.7%
30.0%
EPS (diluted)
$1.24
$3.11

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
FIHL
FIHL
FN
FN
Q4 25
$1.1B
Q3 25
$651.9M
$978.1M
Q2 25
$589.3M
$909.7M
Q1 25
$658.4M
$871.8M
Q4 24
$833.6M
Q3 24
$686.1M
$804.2M
Q2 24
$540.1M
$753.3M
Q1 24
$520.0M
$731.5M
Net Profit
FIHL
FIHL
FN
FN
Q4 25
$112.6M
Q3 25
$130.5M
$95.9M
Q2 25
$19.7M
$87.2M
Q1 25
$-42.5M
$81.3M
Q4 24
$86.6M
Q3 24
$100.6M
$77.4M
Q2 24
$53.7M
$81.1M
Q1 24
$81.2M
$80.9M
Gross Margin
FIHL
FIHL
FN
FN
Q4 25
12.2%
Q3 25
11.9%
Q2 25
12.2%
Q1 25
11.7%
Q4 24
12.1%
Q3 24
12.3%
Q2 24
12.3%
Q1 24
12.4%
Operating Margin
FIHL
FIHL
FN
FN
Q4 25
10.1%
Q3 25
24.7%
9.6%
Q2 25
3.8%
9.8%
Q1 25
-7.6%
9.0%
Q4 24
9.5%
Q3 24
17.2%
9.6%
Q2 24
11.6%
9.7%
Q1 24
18.3%
9.7%
Net Margin
FIHL
FIHL
FN
FN
Q4 25
9.9%
Q3 25
20.0%
9.8%
Q2 25
3.3%
9.6%
Q1 25
-6.5%
9.3%
Q4 24
10.4%
Q3 24
14.7%
9.6%
Q2 24
9.9%
10.8%
Q1 24
15.6%
11.1%
EPS (diluted)
FIHL
FIHL
FN
FN
Q4 25
$3.11
Q3 25
$1.24
$2.66
Q2 25
$0.18
$2.41
Q1 25
$-0.38
$2.25
Q4 24
$2.38
Q3 24
$0.88
$2.13
Q2 24
$0.46
$2.22
Q1 24
$0.69
$2.21

Balance Sheet & Financial Strength

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

Metric
FIHL
FIHL
FN
FN
Cash + ST InvestmentsLiquidity on hand
$892.5M
$960.8M
Total DebtLower is stronger
$842.9M
Stockholders' EquityBook value
$2.4B
$2.2B
Total Assets
$12.5B
$3.3B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIHL
FIHL
FN
FN
Q4 25
$960.8M
Q3 25
$892.5M
$968.8M
Q2 25
$919.4M
$934.2M
Q1 25
$733.4M
$950.7M
Q4 24
$934.6M
Q3 24
$806.8M
$908.9M
Q2 24
$628.6M
$858.6M
Q1 24
$671.7M
$794.0M
Total Debt
FIHL
FIHL
FN
FN
Q4 25
Q3 25
$842.9M
Q2 25
$842.6M
Q1 25
$449.1M
Q4 24
Q3 24
$448.8M
Q2 24
$448.6M
Q1 24
$448.4M
Stockholders' Equity
FIHL
FIHL
FN
FN
Q4 25
$2.2B
Q3 25
$2.4B
$2.1B
Q2 25
$2.3B
$2.0B
Q1 25
$2.4B
$1.9B
Q4 24
$1.8B
Q3 24
$2.6B
$1.8B
Q2 24
$2.5B
$1.7B
Q1 24
$2.5B
$1.7B
Total Assets
FIHL
FIHL
FN
FN
Q4 25
$3.3B
Q3 25
$12.5B
$3.0B
Q2 25
$13.0B
$2.8B
Q1 25
$12.8B
$2.6B
Q4 24
$2.5B
Q3 24
$11.7B
$2.4B
Q2 24
$11.9B
$2.3B
Q1 24
$11.3B
$2.2B
Debt / Equity
FIHL
FIHL
FN
FN
Q4 25
Q3 25
0.35×
Q2 25
0.36×
Q1 25
0.19×
Q4 24
Q3 24
0.17×
Q2 24
0.18×
Q1 24
0.18×

Cash Flow & Capital Efficiency

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

Metric
FIHL
FIHL
FN
FN
Operating Cash FlowLast quarter
$155.2M
$46.3M
Free Cash FlowOCF − Capex
$154.6M
$-5.3M
FCF MarginFCF / Revenue
23.7%
-0.5%
Capex IntensityCapex / Revenue
0.1%
4.6%
Cash ConversionOCF / Net Profit
1.19×
0.41×
TTM Free Cash FlowTrailing 4 quarters
$-320.9M
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIHL
FIHL
FN
FN
Q4 25
$46.3M
Q3 25
$155.2M
$102.6M
Q2 25
$-359.2M
$55.1M
Q1 25
$-433.1M
$74.2M
Q4 24
$115.9M
Q3 24
$318.9M
$83.2M
Q2 24
$208.5M
$83.1M
Q1 24
$-35.3M
$100.9M
Free Cash Flow
FIHL
FIHL
FN
FN
Q4 25
$-5.3M
Q3 25
$154.6M
$57.3M
Q2 25
$-359.3M
$4.7M
Q1 25
$-433.4M
$45.7M
Q4 24
$94.0M
Q3 24
$317.2M
$62.9M
Q2 24
$206.6M
$70.4M
Q1 24
$-35.6M
$87.3M
FCF Margin
FIHL
FIHL
FN
FN
Q4 25
-0.5%
Q3 25
23.7%
5.9%
Q2 25
-61.0%
0.5%
Q1 25
-65.8%
5.2%
Q4 24
11.3%
Q3 24
46.2%
7.8%
Q2 24
38.3%
9.3%
Q1 24
-6.8%
11.9%
Capex Intensity
FIHL
FIHL
FN
FN
Q4 25
4.6%
Q3 25
0.1%
4.6%
Q2 25
0.0%
5.5%
Q1 25
0.0%
3.3%
Q4 24
2.6%
Q3 24
0.2%
2.5%
Q2 24
0.4%
1.7%
Q1 24
0.1%
1.9%
Cash Conversion
FIHL
FIHL
FN
FN
Q4 25
0.41×
Q3 25
1.19×
1.07×
Q2 25
-18.23×
0.63×
Q1 25
0.91×
Q4 24
1.34×
Q3 24
3.17×
1.07×
Q2 24
3.88×
1.02×
Q1 24
-0.43×
1.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FIHL
FIHL

Segment breakdown not available.

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

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