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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and IPG PHOTONICS CORP (IPGP). 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 $274.5M, roughly 2.0× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs -21.5%, a 26.3% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 10.3%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 4.4%).
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.
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
FNF vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $274.5M |
| Net Profit | $-117.0M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | 82.9% | 1.2% |
| Net Margin | -21.5% | 4.8% |
| Revenue YoY | 10.3% | 17.1% |
| Net Profit YoY | -126.0% | 69.8% |
| 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 | $274.5M | ||
| Q3 25 | $553.0M | $250.8M | ||
| Q2 25 | $547.0M | $250.7M | ||
| Q1 25 | $455.0M | $227.8M | ||
| Q4 24 | $493.0M | $234.3M | ||
| Q3 24 | $506.0M | $233.1M | ||
| Q2 24 | $504.0M | $257.6M | ||
| Q1 24 | $421.0M | $252.0M |
| Q4 25 | $-117.0M | $13.3M | ||
| Q3 25 | $358.0M | $7.5M | ||
| Q2 25 | $278.0M | $6.6M | ||
| Q1 25 | $83.0M | $3.8M | ||
| Q4 24 | $450.0M | $7.8M | ||
| Q3 24 | $266.0M | $-233.6M | ||
| Q2 24 | $306.0M | $20.2M | ||
| Q1 24 | $248.0M | $24.1M |
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 38.7% |
| Q4 25 | 82.9% | 1.2% | ||
| Q3 25 | 81.9% | 3.1% | ||
| Q2 25 | 69.8% | 0.0% | ||
| Q1 25 | 24.4% | 0.8% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | 61.9% | -108.7% | ||
| Q2 24 | 90.9% | 4.7% | ||
| Q1 24 | 78.6% | 7.6% |
| Q4 25 | -21.5% | 4.8% | ||
| Q3 25 | 64.7% | 3.0% | ||
| Q2 25 | 50.8% | 2.6% | ||
| Q1 25 | 18.2% | 1.6% | ||
| Q4 24 | 91.3% | 3.3% | ||
| Q3 24 | 52.6% | -100.2% | ||
| Q2 24 | 60.7% | 7.8% | ||
| Q1 24 | 58.9% | 9.6% |
| Q4 25 | $-0.44 | $0.30 | ||
| Q3 25 | $1.33 | $0.18 | ||
| Q2 25 | $1.02 | $0.16 | ||
| Q1 25 | $0.30 | $0.09 | ||
| Q4 24 | $1.65 | $0.27 | ||
| Q3 24 | $0.97 | $-5.33 | ||
| Q2 24 | $1.12 | $0.45 | ||
| Q1 24 | $0.91 | $0.52 |
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 | $839.3M |
| Total DebtLower is stronger | $4.4B | — |
| Stockholders' EquityBook value | $7.4B | $2.1B |
| Total Assets | $109.0B | $2.4B |
| Debt / EquityLower = less leverage | 0.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | $839.3M | ||
| Q3 25 | $3.5B | $870.4M | ||
| Q2 25 | $3.3B | $899.6M | ||
| Q1 25 | $4.5B | $926.9M | ||
| Q4 24 | $3.5B | $930.2M | ||
| Q3 24 | $5.0B | $1.0B | ||
| Q2 24 | $4.9B | $1.1B | ||
| Q1 24 | $3.5B | $1.1B |
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $3.9B | — |
| Q4 25 | $7.4B | $2.1B | ||
| Q3 25 | $8.4B | $2.1B | ||
| Q2 25 | $7.9B | $2.1B | ||
| Q1 25 | $7.9B | $2.1B | ||
| Q4 24 | $7.8B | $2.0B | ||
| Q3 24 | $8.1B | $2.1B | ||
| Q2 24 | $7.3B | $2.3B | ||
| Q1 24 | $7.1B | $2.3B |
| Q4 25 | $109.0B | $2.4B | ||
| Q3 25 | $106.6B | $2.4B | ||
| Q2 25 | $102.3B | $2.4B | ||
| Q1 25 | $98.2B | $2.3B | ||
| Q4 24 | $95.4B | $2.3B | ||
| Q3 24 | $94.7B | $2.4B | ||
| Q2 24 | $88.8B | $2.5B | ||
| Q1 24 | $84.5B | $2.6B |
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.52× | — | ||
| 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 | $28.8M |
| Free Cash FlowOCF − Capex | — | $10.9M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $28.8M | ||
| Q3 25 | $1.3B | $35.3M | ||
| Q2 25 | $1.9B | $-2.2M | ||
| Q1 25 | $1.1B | $13.4M | ||
| Q4 24 | $1.5B | $73.8M | ||
| Q3 24 | $2.4B | $66.1M | ||
| Q2 24 | $1.4B | $53.5M | ||
| Q1 24 | $1.6B | $54.6M |
| Q4 25 | — | $10.9M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $-17.6M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $43.0M | ||
| Q2 24 | — | $29.2M | ||
| Q1 24 | — | $26.5M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | -7.0% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 10.5% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 11.1% |
| Q4 25 | — | 2.17× | ||
| Q3 25 | 3.66× | 4.73× | ||
| Q2 25 | 6.82× | -0.34× | ||
| Q1 25 | 13.43× | 3.58× | ||
| Q4 24 | 3.32× | 9.44× | ||
| Q3 24 | 8.89× | — | ||
| Q2 24 | 4.45× | 2.65× | ||
| Q1 24 | 6.42× | 2.27× |
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% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
