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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and Innovex International, Inc. (INVX). 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 $273.6M, roughly 2.0× Innovex International, Inc.). Innovex International, Inc. runs the higher net margin — 5.1% vs -21.5%, a 26.6% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs 9.1%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 13.7%).
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.
FNF vs INVX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $273.6M |
| Net Profit | $-117.0M | $14.0M |
| Gross Margin | — | 28.9% |
| Operating Margin | 82.9% | 9.4% |
| Net Margin | -21.5% | 5.1% |
| Revenue YoY | 10.3% | 9.1% |
| Net Profit YoY | -126.0% | -56.1% |
| EPS (diluted) | $-0.44 | $0.20 |
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 | $273.6M | ||
| Q3 25 | $553.0M | $240.0M | ||
| Q2 25 | $547.0M | $224.2M | ||
| Q1 25 | $455.0M | $240.4M | ||
| Q4 24 | $493.0M | $250.7M | ||
| Q3 24 | $506.0M | $151.8M | ||
| Q2 24 | $504.0M | $130.3M | ||
| Q1 24 | $421.0M | $128.0M |
| Q4 25 | $-117.0M | $14.0M | ||
| Q3 25 | $358.0M | $39.2M | ||
| Q2 25 | $278.0M | $15.3M | ||
| Q1 25 | $83.0M | $14.8M | ||
| Q4 24 | $450.0M | $31.8M | ||
| Q3 24 | $266.0M | $82.6M | ||
| Q2 24 | $306.0M | $9.5M | ||
| Q1 24 | $248.0M | $16.4M |
| Q4 25 | — | 28.9% | ||
| Q3 25 | — | 31.6% | ||
| Q2 25 | — | 32.0% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | — | 34.7% | ||
| Q2 24 | — | 35.3% | ||
| Q1 24 | — | 38.4% |
| Q4 25 | 82.9% | 9.4% | ||
| Q3 25 | 81.9% | 26.0% | ||
| Q2 25 | 69.8% | 10.1% | ||
| Q1 25 | 24.4% | 9.1% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | 61.9% | -8.7% | ||
| Q2 24 | 90.9% | 10.0% | ||
| Q1 24 | 78.6% | 17.4% |
| Q4 25 | -21.5% | 5.1% | ||
| Q3 25 | 64.7% | 16.3% | ||
| Q2 25 | 50.8% | 6.8% | ||
| Q1 25 | 18.2% | 6.1% | ||
| Q4 24 | 91.3% | 12.7% | ||
| Q3 24 | 52.6% | 54.4% | ||
| Q2 24 | 60.7% | 7.3% | ||
| Q1 24 | 58.9% | 12.8% |
| Q4 25 | $-0.44 | $0.20 | ||
| Q3 25 | $1.33 | $0.57 | ||
| Q2 25 | $1.02 | $0.22 | ||
| Q1 25 | $0.30 | $0.21 | ||
| Q4 24 | $1.65 | $-0.03 | ||
| Q3 24 | $0.97 | $1.99 | ||
| Q2 24 | $1.12 | $0.30 | ||
| Q1 24 | $0.91 | $0.51 |
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 | — |
| Total DebtLower is stronger | $4.4B | $18.9M |
| Stockholders' EquityBook value | $7.4B | $1.1B |
| Total Assets | $109.0B | $1.3B |
| Debt / EquityLower = less leverage | 0.59× | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | — | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $4.9B | $185.6M | ||
| Q1 24 | $3.5B | $202.2M |
| Q4 25 | $4.4B | $18.9M | ||
| Q3 25 | $4.4B | $20.1M | ||
| Q2 25 | $4.4B | $34.8M | ||
| Q1 25 | $4.4B | $19.7M | ||
| Q4 24 | $4.3B | $24.9M | ||
| Q3 24 | $4.2B | $12.4M | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $3.9B | — |
| Q4 25 | $7.4B | $1.1B | ||
| Q3 25 | $8.4B | $1.0B | ||
| Q2 25 | $7.9B | $995.6M | ||
| Q1 25 | $7.9B | $978.4M | ||
| Q4 24 | $7.8B | $958.2M | ||
| Q3 24 | $8.1B | $904.4M | ||
| Q2 24 | $7.3B | $352.5M | ||
| Q1 24 | $7.1B | $344.3M |
| Q4 25 | $109.0B | $1.3B | ||
| Q3 25 | $106.6B | $1.3B | ||
| Q2 25 | $102.3B | $1.2B | ||
| Q1 25 | $98.2B | $1.2B | ||
| Q4 24 | $95.4B | $1.2B | ||
| Q3 24 | $94.7B | $1.1B | ||
| Q2 24 | $88.8B | $1.0B | ||
| Q1 24 | $84.5B | $1.0B |
| Q4 25 | 0.59× | 0.02× | ||
| Q3 25 | 0.53× | 0.02× | ||
| Q2 25 | 0.56× | 0.03× | ||
| Q1 25 | 0.56× | 0.02× | ||
| Q4 24 | 0.56× | 0.03× | ||
| Q3 24 | 0.52× | 0.01× | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 0.55× | — |
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 | $52.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $52.2M | ||
| Q3 25 | $1.3B | $48.4M | ||
| Q2 25 | $1.9B | $59.2M | ||
| Q1 25 | $1.1B | $31.1M | ||
| Q4 24 | $1.5B | $36.3M | ||
| Q3 24 | $2.4B | $21.7M | ||
| Q2 24 | $1.4B | $22.8M | ||
| Q1 24 | $1.6B | $12.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $16.6M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.7% | ||
| Q1 24 | — | 6.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | — | 3.74× | ||
| Q3 25 | 3.66× | 1.23× | ||
| Q2 25 | 6.82× | 3.86× | ||
| Q1 25 | 13.43× | 2.11× | ||
| Q4 24 | 3.32× | 1.14× | ||
| Q3 24 | 8.89× | 0.26× | ||
| Q2 24 | 4.45× | 2.39× | ||
| Q1 24 | 6.42× | 0.77× |
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% |
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
