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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Fidelity National Financial, Inc. is the larger business by last-quarter revenue ($544.0M vs $273.0M, roughly 2.0× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -21.5%, a 27.1% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs 9.0%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs -9.6%).
Fidelity National Financial, Inc., is an American provider of title insurance and settlement services to the real estate and mortgage industries. A Fortune 500 company, Fidelity National Financial generated approximately $8.469 billion in annual revenue in 2019 from its title and real estate-related operations. The company was the first instance of an attorney licensed by a Native American Tribe being certified as "authorized house counsel" in the state of Florida.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
FNF vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $273.0M |
| Net Profit | $-117.0M | $15.4M |
| Gross Margin | — | 20.1% |
| Operating Margin | 82.9% | 7.6% |
| Net Margin | -21.5% | 5.6% |
| Revenue YoY | 10.3% | 9.0% |
| Net Profit YoY | -126.0% | -6.7% |
| EPS (diluted) | $-0.44 | $0.30 |
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 | $544.0M | $273.0M | ||
| Q3 25 | $553.0M | $670.5M | ||
| Q2 25 | $547.0M | $390.5M | ||
| Q1 25 | $455.0M | $351.0M | ||
| Q4 24 | $493.0M | $250.4M | ||
| Q3 24 | $506.0M | $551.3M | ||
| Q2 24 | $504.0M | $318.4M | ||
| Q1 24 | $421.0M | $333.8M |
| Q4 25 | $-117.0M | $15.4M | ||
| Q3 25 | $358.0M | $86.9M | ||
| Q2 25 | $278.0M | $32.9M | ||
| Q1 25 | $83.0M | $31.6M | ||
| Q4 24 | $450.0M | $16.5M | ||
| Q3 24 | $266.0M | $81.5M | ||
| Q2 24 | $306.0M | $38.7M | ||
| Q1 24 | $248.0M | $45.0M |
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | 82.9% | 7.6% | ||
| Q3 25 | 81.9% | 16.9% | ||
| Q2 25 | 69.8% | 11.2% | ||
| Q1 25 | 24.4% | 11.6% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | 61.9% | 19.7% | ||
| Q2 24 | 90.9% | 16.2% | ||
| Q1 24 | 78.6% | 17.6% |
| Q4 25 | -21.5% | 5.6% | ||
| Q3 25 | 64.7% | 13.0% | ||
| Q2 25 | 50.8% | 8.4% | ||
| Q1 25 | 18.2% | 9.0% | ||
| Q4 24 | 91.3% | 6.6% | ||
| Q3 24 | 52.6% | 14.8% | ||
| Q2 24 | 60.7% | 12.2% | ||
| Q1 24 | 58.9% | 13.5% |
| Q4 25 | $-0.44 | $0.30 | ||
| Q3 25 | $1.33 | $1.70 | ||
| Q2 25 | $1.02 | $0.65 | ||
| Q1 25 | $0.30 | $0.62 | ||
| Q4 24 | $1.65 | $0.32 | ||
| Q3 24 | $0.97 | $1.59 | ||
| Q2 24 | $1.12 | $0.76 | ||
| Q1 24 | $0.91 | $0.89 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.6B | $211.7M |
| Total DebtLower is stronger | $4.4B | $793.2M |
| Stockholders' EquityBook value | $7.4B | $1.8B |
| Total Assets | $109.0B | $3.2B |
| Debt / EquityLower = less leverage | 0.59× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | $211.7M | ||
| Q3 25 | $3.5B | $379.2M | ||
| Q2 25 | $3.3B | $189.2M | ||
| Q1 25 | $4.5B | $174.3M | ||
| Q4 24 | $3.5B | $132.0M | ||
| Q3 24 | $5.0B | $481.2M | ||
| Q2 24 | $4.9B | $359.2M | ||
| Q1 24 | $3.5B | $416.2M |
| Q4 25 | $4.4B | $793.2M | ||
| Q3 25 | $4.4B | $802.7M | ||
| Q2 25 | $4.4B | $872.8M | ||
| Q1 25 | $4.4B | $872.5M | ||
| Q4 24 | $4.3B | $806.8M | ||
| Q3 24 | $4.2B | $706.4M | ||
| Q2 24 | $4.2B | $706.1M | ||
| Q1 24 | $3.9B | $705.7M |
| Q4 25 | $7.4B | $1.8B | ||
| Q3 25 | $8.4B | $1.8B | ||
| Q2 25 | $7.9B | $1.7B | ||
| Q1 25 | $7.9B | $1.6B | ||
| Q4 24 | $7.8B | $1.6B | ||
| Q3 24 | $8.1B | $1.6B | ||
| Q2 24 | $7.3B | $1.5B | ||
| Q1 24 | $7.1B | $1.5B |
| Q4 25 | $109.0B | $3.2B | ||
| Q3 25 | $106.6B | $3.1B | ||
| Q2 25 | $102.3B | $3.1B | ||
| Q1 25 | $98.2B | $3.0B | ||
| Q4 24 | $95.4B | $3.0B | ||
| Q3 24 | $94.7B | $2.8B | ||
| Q2 24 | $88.8B | $2.7B | ||
| Q1 24 | $84.5B | $2.6B |
| Q4 25 | 0.59× | 0.44× | ||
| Q3 25 | 0.53× | 0.45× | ||
| Q2 25 | 0.56× | 0.52× | ||
| Q1 25 | 0.56× | 0.53× | ||
| Q4 24 | 0.56× | 0.50× | ||
| Q3 24 | 0.52× | 0.44× | ||
| Q2 24 | 0.58× | 0.47× | ||
| Q1 24 | 0.55× | 0.48× |
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 | $1.5B | $-157.0M |
| Free Cash FlowOCF − Capex | — | $-157.1M |
| FCF MarginFCF / Revenue | — | -57.5% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $-157.0M | ||
| Q3 25 | $1.3B | $256.3M | ||
| Q2 25 | $1.9B | $15.8M | ||
| Q1 25 | $1.1B | $-19.8M | ||
| Q4 24 | $1.5B | $-450.0M | ||
| Q3 24 | $2.4B | $119.2M | ||
| Q2 24 | $1.4B | $-61.7M | ||
| Q1 24 | $1.6B | $-59.2M |
| Q4 25 | — | $-157.1M | ||
| Q3 25 | — | $255.6M | ||
| Q2 25 | — | $15.0M | ||
| Q1 25 | — | $-20.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | $-62.3M | ||
| Q1 24 | — | $-59.8M |
| Q4 25 | — | -57.5% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | -19.6% | ||
| Q1 24 | — | -17.9% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | -10.19× | ||
| Q3 25 | 3.66× | 2.95× | ||
| Q2 25 | 6.82× | 0.48× | ||
| Q1 25 | 13.43× | -0.63× | ||
| Q4 24 | 3.32× | -27.27× | ||
| Q3 24 | 8.89× | 1.46× | ||
| Q2 24 | 4.45× | -1.59× | ||
| Q1 24 | 6.42× | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FNF
| Escrow Fees | $241.0M | 44% |
| Other Title Related Fees And Income | $182.0M | 33% |
| Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees | $87.0M | 16% |
| Insurance Contracts Home Warranty | $31.0M | 6% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
