vs
Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and Federal Realty Investment Trust (FRT). 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 $336.0M, roughly 1.6× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -21.5%, a 60.1% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs 8.7%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 6.5%).
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.
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
FNF vs FRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $336.0M |
| Net Profit | $-117.0M | $129.7M |
| Gross Margin | — | — |
| Operating Margin | 82.9% | 53.8% |
| Net Margin | -21.5% | 38.6% |
| Revenue YoY | 10.3% | 8.7% |
| Net Profit YoY | -126.0% | 103.5% |
| EPS (diluted) | $-0.44 | $1.49 |
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.
| Q1 26 | — | $336.0M | ||
| Q4 25 | $544.0M | $336.0M | ||
| Q3 25 | $553.0M | $322.3M | ||
| Q2 25 | $547.0M | $311.5M | ||
| Q1 25 | $455.0M | $309.2M | ||
| Q4 24 | $493.0M | $311.4M | ||
| Q3 24 | $506.0M | $303.6M | ||
| Q2 24 | $504.0M | $296.1M |
| Q1 26 | — | $129.7M | ||
| Q4 25 | $-117.0M | $129.7M | ||
| Q3 25 | $358.0M | $61.6M | ||
| Q2 25 | $278.0M | $155.9M | ||
| Q1 25 | $83.0M | $63.8M | ||
| Q4 24 | $450.0M | $65.5M | ||
| Q3 24 | $266.0M | $61.0M | ||
| Q2 24 | $306.0M | $112.0M |
| Q1 26 | — | 53.8% | ||
| Q4 25 | 82.9% | 53.8% | ||
| Q3 25 | 81.9% | 34.3% | ||
| Q2 25 | 69.8% | 65.1% | ||
| Q1 25 | 24.4% | 35.0% | ||
| Q4 24 | — | 35.1% | ||
| Q3 24 | 61.9% | 34.9% | ||
| Q2 24 | 90.9% | 53.0% |
| Q1 26 | — | 38.6% | ||
| Q4 25 | -21.5% | 38.6% | ||
| Q3 25 | 64.7% | 19.1% | ||
| Q2 25 | 50.8% | 50.0% | ||
| Q1 25 | 18.2% | 20.6% | ||
| Q4 24 | 91.3% | 21.0% | ||
| Q3 24 | 52.6% | 20.1% | ||
| Q2 24 | 60.7% | 37.8% |
| Q1 26 | — | $1.49 | ||
| Q4 25 | $-0.44 | $1.49 | ||
| Q3 25 | $1.33 | $0.69 | ||
| Q2 25 | $1.02 | $1.78 | ||
| Q1 25 | $0.30 | $0.72 | ||
| Q4 24 | $1.65 | $0.74 | ||
| Q3 24 | $0.97 | $0.70 | ||
| Q2 24 | $1.12 | $1.32 |
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 | $107.4M |
| Total DebtLower is stronger | $4.4B | $5.0B |
| Stockholders' EquityBook value | $7.4B | $3.2B |
| Total Assets | $109.0B | $9.1B |
| Debt / EquityLower = less leverage | 0.59× | 1.53× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $107.4M | ||
| Q4 25 | $2.6B | $107.4M | ||
| Q3 25 | $3.5B | $111.3M | ||
| Q2 25 | $3.3B | $177.0M | ||
| Q1 25 | $4.5B | $109.2M | ||
| Q4 24 | $3.5B | $123.4M | ||
| Q3 24 | $5.0B | $97.0M | ||
| Q2 24 | $4.9B | $103.2M |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $4.4B | $5.0B | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.3B | $4.5B | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.2B | — |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $7.4B | $3.2B | ||
| Q3 25 | $8.4B | $3.2B | ||
| Q2 25 | $7.9B | $3.2B | ||
| Q1 25 | $7.9B | $3.2B | ||
| Q4 24 | $7.8B | $3.2B | ||
| Q3 24 | $8.1B | $3.1B | ||
| Q2 24 | $7.3B | $3.0B |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $109.0B | $9.1B | ||
| Q3 25 | $106.6B | $8.9B | ||
| Q2 25 | $102.3B | $8.6B | ||
| Q1 25 | $98.2B | $8.6B | ||
| Q4 24 | $95.4B | $8.5B | ||
| Q3 24 | $94.7B | $8.5B | ||
| Q2 24 | $88.8B | $8.4B |
| Q1 26 | — | 1.53× | ||
| Q4 25 | 0.59× | 1.53× | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.56× | 1.42× | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.58× | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $622.4M | ||
| Q3 25 | $1.3B | $147.8M | ||
| Q2 25 | $1.9B | $150.7M | ||
| Q1 25 | $1.1B | $179.0M | ||
| Q4 24 | $1.5B | $574.6M | ||
| Q3 24 | $2.4B | $144.1M | ||
| Q2 24 | $1.4B | $169.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.80× | ||
| Q3 25 | 3.66× | 2.40× | ||
| Q2 25 | 6.82× | 0.97× | ||
| Q1 25 | 13.43× | 2.81× | ||
| Q4 24 | 3.32× | 8.77× | ||
| Q3 24 | 8.89× | 2.36× | ||
| Q2 24 | 4.45× | 1.52× |
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% |
FRT
Segment breakdown not available.
