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

Fidelis Insurance Holdings Ltd is the larger business by last-quarter revenue ($651.9M vs $449.2M, roughly 1.5× StubHub Holdings, Inc.). On growth, Fidelis Insurance Holdings Ltd posted the faster year-over-year revenue change (-5.0% vs -15.8%). Fidelis Insurance Holdings Ltd produced more free cash flow last quarter ($154.6M vs $2.0M).

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.

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

FIHL vs STUB — Head-to-Head

Bigger by revenue
FIHL
FIHL
1.5× larger
FIHL
$651.9M
$449.2M
STUB
Growing faster (revenue YoY)
FIHL
FIHL
+10.8% gap
FIHL
-5.0%
-15.8%
STUB
More free cash flow
FIHL
FIHL
$152.6M more FCF
FIHL
$154.6M
$2.0M
STUB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FIHL
FIHL
STUB
STUB
Revenue
$651.9M
$449.2M
Net Profit
$130.5M
Gross Margin
83.1%
Operating Margin
24.7%
Net Margin
20.0%
Revenue YoY
-5.0%
-15.8%
Net Profit YoY
29.7%
EPS (diluted)
$1.24

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
STUB
STUB
Q4 25
$449.2M
Q3 25
$651.9M
$468.1M
Q2 25
$589.3M
Q1 25
$658.4M
Q3 24
$686.1M
$433.8M
Q2 24
$540.1M
Q1 24
$520.0M
Net Profit
FIHL
FIHL
STUB
STUB
Q4 25
Q3 25
$130.5M
$-1.3B
Q2 25
$19.7M
Q1 25
$-42.5M
Q3 24
$100.6M
$-33.0M
Q2 24
$53.7M
Q1 24
$81.2M
Gross Margin
FIHL
FIHL
STUB
STUB
Q4 25
83.1%
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Operating Margin
FIHL
FIHL
STUB
STUB
Q4 25
Q3 25
24.7%
-292.3%
Q2 25
3.8%
Q1 25
-7.6%
Q3 24
17.2%
2.8%
Q2 24
11.6%
Q1 24
18.3%
Net Margin
FIHL
FIHL
STUB
STUB
Q4 25
Q3 25
20.0%
-276.6%
Q2 25
3.3%
Q1 25
-6.5%
Q3 24
14.7%
-7.6%
Q2 24
9.9%
Q1 24
15.6%
EPS (diluted)
FIHL
FIHL
STUB
STUB
Q4 25
Q3 25
$1.24
$-4.27
Q2 25
$0.18
Q1 25
$-0.38
Q3 24
$0.88
$-0.15
Q2 24
$0.46
Q1 24
$0.69

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIHL
FIHL
STUB
STUB
Q4 25
Q3 25
$892.5M
$1.4B
Q2 25
$919.4M
Q1 25
$733.4M
Q3 24
$806.8M
$1.1B
Q2 24
$628.6M
Q1 24
$671.7M
Total Debt
FIHL
FIHL
STUB
STUB
Q4 25
Q3 25
$842.9M
$1.7B
Q2 25
$842.6M
Q1 25
$449.1M
Q3 24
$448.8M
Q2 24
$448.6M
Q1 24
$448.4M
Stockholders' Equity
FIHL
FIHL
STUB
STUB
Q4 25
Q3 25
$2.4B
$1.7B
Q2 25
$2.3B
Q1 25
$2.4B
Q3 24
$2.6B
$815.9M
Q2 24
$2.5B
Q1 24
$2.5B
Total Assets
FIHL
FIHL
STUB
STUB
Q4 25
Q3 25
$12.5B
$5.6B
Q2 25
$13.0B
Q1 25
$12.8B
Q3 24
$11.7B
Q2 24
$11.9B
Q1 24
$11.3B
Debt / Equity
FIHL
FIHL
STUB
STUB
Q4 25
Q3 25
0.35×
0.98×
Q2 25
0.36×
Q1 25
0.19×
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
STUB
STUB
Operating Cash FlowLast quarter
$155.2M
Free Cash FlowOCF − Capex
$154.6M
$2.0M
FCF MarginFCF / Revenue
23.7%
0.4%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters
$-320.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIHL
FIHL
STUB
STUB
Q4 25
Q3 25
$155.2M
$181.4M
Q2 25
$-359.2M
Q1 25
$-433.1M
Q3 24
$318.9M
Q2 24
$208.5M
Q1 24
$-35.3M
Free Cash Flow
FIHL
FIHL
STUB
STUB
Q4 25
$2.0M
Q3 25
$154.6M
$180.3M
Q2 25
$-359.3M
Q1 25
$-433.4M
Q3 24
$317.2M
Q2 24
$206.6M
Q1 24
$-35.6M
FCF Margin
FIHL
FIHL
STUB
STUB
Q4 25
0.4%
Q3 25
23.7%
38.5%
Q2 25
-61.0%
Q1 25
-65.8%
Q3 24
46.2%
Q2 24
38.3%
Q1 24
-6.8%
Capex Intensity
FIHL
FIHL
STUB
STUB
Q4 25
Q3 25
0.1%
0.2%
Q2 25
0.0%
Q1 25
0.0%
Q3 24
0.2%
Q2 24
0.4%
Q1 24
0.1%
Cash Conversion
FIHL
FIHL
STUB
STUB
Q4 25
Q3 25
1.19×
Q2 25
-18.23×
Q1 25
Q3 24
3.17×
Q2 24
3.88×
Q1 24
-0.43×

Financial Flow Comparison

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

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