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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and KENNAMETAL INC (KMT). 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 $529.5M, roughly 1.0× KENNAMETAL INC). KENNAMETAL INC runs the higher net margin — 6.4% vs -21.5%, a 27.9% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs 9.8%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 1.3%).

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.

Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.

FNF vs KMT — Head-to-Head

Bigger by revenue
FNF
FNF
1.0× larger
FNF
$544.0M
$529.5M
KMT
Growing faster (revenue YoY)
FNF
FNF
+0.5% gap
FNF
10.3%
9.8%
KMT
Higher net margin
KMT
KMT
27.9% more per $
KMT
6.4%
-21.5%
FNF
Faster 2-yr revenue CAGR
FNF
FNF
Annualised
FNF
13.7%
1.3%
KMT

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FNF
FNF
KMT
KMT
Revenue
$544.0M
$529.5M
Net Profit
$-117.0M
$33.9M
Gross Margin
32.8%
Operating Margin
82.9%
9.9%
Net Margin
-21.5%
6.4%
Revenue YoY
10.3%
9.8%
Net Profit YoY
-126.0%
89.0%
EPS (diluted)
$-0.44
$0.44

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
FNF
FNF
KMT
KMT
Q4 25
$544.0M
$529.5M
Q3 25
$553.0M
$498.0M
Q2 25
$547.0M
$516.4M
Q1 25
$455.0M
$486.4M
Q4 24
$493.0M
$482.1M
Q3 24
$506.0M
$481.9M
Q2 24
$504.0M
$543.3M
Q1 24
$421.0M
$515.8M
Net Profit
FNF
FNF
KMT
KMT
Q4 25
$-117.0M
$33.9M
Q3 25
$358.0M
$23.3M
Q2 25
$278.0M
$21.6M
Q1 25
$83.0M
$31.5M
Q4 24
$450.0M
$17.9M
Q3 24
$266.0M
$22.1M
Q2 24
$306.0M
$37.2M
Q1 24
$248.0M
$19.0M
Gross Margin
FNF
FNF
KMT
KMT
Q4 25
32.8%
Q3 25
31.0%
Q2 25
28.2%
Q1 25
32.1%
Q4 24
30.1%
Q3 24
31.3%
Q2 24
31.5%
Q1 24
29.7%
Operating Margin
FNF
FNF
KMT
KMT
Q4 25
82.9%
9.9%
Q3 25
81.9%
7.5%
Q2 25
69.8%
6.1%
Q1 25
24.4%
9.1%
Q4 24
6.6%
Q3 24
61.9%
7.5%
Q2 24
90.9%
11.3%
Q1 24
78.6%
6.8%
Net Margin
FNF
FNF
KMT
KMT
Q4 25
-21.5%
6.4%
Q3 25
64.7%
4.7%
Q2 25
50.8%
4.2%
Q1 25
18.2%
6.5%
Q4 24
91.3%
3.7%
Q3 24
52.6%
4.6%
Q2 24
60.7%
6.8%
Q1 24
58.9%
3.7%
EPS (diluted)
FNF
FNF
KMT
KMT
Q4 25
$-0.44
$0.44
Q3 25
$1.33
$0.30
Q2 25
$1.02
$0.28
Q1 25
$0.30
$0.41
Q4 24
$1.65
$0.23
Q3 24
$0.97
$0.28
Q2 24
$1.12
$0.47
Q1 24
$0.91
$0.24

Balance Sheet & Financial Strength

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

Metric
FNF
FNF
KMT
KMT
Cash + ST InvestmentsLiquidity on hand
$2.6B
$129.3M
Total DebtLower is stronger
$4.4B
$597.2M
Stockholders' EquityBook value
$7.4B
$1.3B
Total Assets
$109.0B
$2.6B
Debt / EquityLower = less leverage
0.59×
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNF
FNF
KMT
KMT
Q4 25
$2.6B
$129.3M
Q3 25
$3.5B
$103.5M
Q2 25
$3.3B
$140.5M
Q1 25
$4.5B
$97.5M
Q4 24
$3.5B
$121.2M
Q3 24
$5.0B
$119.6M
Q2 24
$4.9B
$128.0M
Q1 24
$3.5B
$92.1M
Total Debt
FNF
FNF
KMT
KMT
Q4 25
$4.4B
$597.2M
Q3 25
$4.4B
$597.0M
Q2 25
$4.4B
$596.8M
Q1 25
$4.4B
$596.6M
Q4 24
$4.3B
$596.4M
Q3 24
$4.2B
$596.2M
Q2 24
$4.2B
$596.0M
Q1 24
$3.9B
$595.8M
Stockholders' Equity
FNF
FNF
KMT
KMT
Q4 25
$7.4B
$1.3B
Q3 25
$8.4B
$1.3B
Q2 25
$7.9B
$1.3B
Q1 25
$7.9B
$1.2B
Q4 24
$7.8B
$1.2B
Q3 24
$8.1B
$1.3B
Q2 24
$7.3B
$1.2B
Q1 24
$7.1B
$1.3B
Total Assets
FNF
FNF
KMT
KMT
Q4 25
$109.0B
$2.6B
Q3 25
$106.6B
$2.5B
Q2 25
$102.3B
$2.5B
Q1 25
$98.2B
$2.5B
Q4 24
$95.4B
$2.4B
Q3 24
$94.7B
$2.5B
Q2 24
$88.8B
$2.5B
Q1 24
$84.5B
$2.5B
Debt / Equity
FNF
FNF
KMT
KMT
Q4 25
0.59×
0.45×
Q3 25
0.53×
0.46×
Q2 25
0.56×
0.46×
Q1 25
0.56×
0.48×
Q4 24
0.56×
0.49×
Q3 24
0.52×
0.47×
Q2 24
0.58×
0.48×
Q1 24
0.55×
0.47×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FNF
FNF
KMT
KMT
Operating Cash FlowLast quarter
$1.5B
$55.1M
Free Cash FlowOCF − Capex
$42.4M
FCF MarginFCF / Revenue
8.0%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
1.63×
TTM Free Cash FlowTrailing 4 quarters
$99.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNF
FNF
KMT
KMT
Q4 25
$1.5B
$55.1M
Q3 25
$1.3B
$17.5M
Q2 25
$1.9B
$78.6M
Q1 25
$1.1B
$28.8M
Q4 24
$1.5B
$55.2M
Q3 24
$2.4B
$45.7M
Q2 24
$1.4B
$113.6M
Q1 24
$1.6B
$75.2M
Free Cash Flow
FNF
FNF
KMT
KMT
Q4 25
$42.4M
Q3 25
$-5.5M
Q2 25
$57.1M
Q1 25
$5.3M
Q4 24
$35.9M
Q3 24
$21.0M
Q2 24
$90.3M
Q1 24
$48.4M
FCF Margin
FNF
FNF
KMT
KMT
Q4 25
8.0%
Q3 25
-1.1%
Q2 25
11.1%
Q1 25
1.1%
Q4 24
7.5%
Q3 24
4.4%
Q2 24
16.6%
Q1 24
9.4%
Capex Intensity
FNF
FNF
KMT
KMT
Q4 25
2.4%
Q3 25
4.6%
Q2 25
4.2%
Q1 25
4.8%
Q4 24
4.0%
Q3 24
5.1%
Q2 24
4.3%
Q1 24
5.2%
Cash Conversion
FNF
FNF
KMT
KMT
Q4 25
1.63×
Q3 25
3.66×
0.75×
Q2 25
6.82×
3.64×
Q1 25
13.43×
0.92×
Q4 24
3.32×
3.08×
Q3 24
8.89×
2.07×
Q2 24
4.45×
3.06×
Q1 24
6.42×
3.96×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FNF
FNF

Escrow Fees$241.0M44%
Other Title Related Fees And Income$182.0M33%
Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees$87.0M16%
Insurance Contracts Home Warranty$31.0M6%

KMT
KMT

Metal Cutting$331.1M63%
Infrastructure$198.5M37%

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