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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and Knife River Corp (KNF). Click either name above to swap in a different company.

Knife River Corp is the larger business by last-quarter revenue ($755.1M vs $544.0M, roughly 1.4× Fidelity National Financial, Inc.). Knife River Corp runs the higher net margin — 4.2% vs -21.5%, a 25.7% gap on every dollar of revenue. On growth, Knife River Corp posted the faster year-over-year revenue change (14.9% vs 10.3%). Over the past eight quarters, Knife River Corp's revenue compounded faster (51.4% 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.

Columbia River Knife & Tool, Inc. (CRKT) is an American knife company established in 1994, and currently based in Tualatin, Oregon, United States. The company's president and sales executive is Rod Bremer and the finance executive is Peggy Bremer.

FNF vs KNF — Head-to-Head

Bigger by revenue
KNF
KNF
1.4× larger
KNF
$755.1M
$544.0M
FNF
Growing faster (revenue YoY)
KNF
KNF
+4.5% gap
KNF
14.9%
10.3%
FNF
Higher net margin
KNF
KNF
25.7% more per $
KNF
4.2%
-21.5%
FNF
Faster 2-yr revenue CAGR
KNF
KNF
Annualised
KNF
51.4%
13.7%
FNF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FNF
FNF
KNF
KNF
Revenue
$544.0M
$755.1M
Net Profit
$-117.0M
$32.0M
Gross Margin
19.2%
Operating Margin
82.9%
8.6%
Net Margin
-21.5%
4.2%
Revenue YoY
10.3%
14.9%
Net Profit YoY
-126.0%
37.6%
EPS (diluted)
$-0.44
$0.56

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
KNF
KNF
Q4 25
$544.0M
$755.1M
Q3 25
$553.0M
$1.2B
Q2 25
$547.0M
$833.8M
Q1 25
$455.0M
$353.5M
Q4 24
$493.0M
$657.2M
Q3 24
$506.0M
$1.1B
Q2 24
$504.0M
$806.9M
Q1 24
$421.0M
$329.6M
Net Profit
FNF
FNF
KNF
KNF
Q4 25
$-117.0M
$32.0M
Q3 25
$358.0M
$143.2M
Q2 25
$278.0M
$50.6M
Q1 25
$83.0M
$-68.7M
Q4 24
$450.0M
$23.3M
Q3 24
$266.0M
$148.1M
Q2 24
$306.0M
$77.9M
Q1 24
$248.0M
$-47.6M
Gross Margin
FNF
FNF
KNF
KNF
Q4 25
19.2%
Q3 25
23.6%
Q2 25
18.9%
Q1 25
-2.7%
Q4 24
17.4%
Q3 24
24.7%
Q2 24
21.8%
Q1 24
2.0%
Operating Margin
FNF
FNF
KNF
KNF
Q4 25
82.9%
8.6%
Q3 25
81.9%
17.9%
Q2 25
69.8%
10.6%
Q1 25
24.4%
-23.4%
Q4 24
6.7%
Q3 24
61.9%
18.9%
Q2 24
90.9%
14.5%
Q1 24
78.6%
-16.3%
Net Margin
FNF
FNF
KNF
KNF
Q4 25
-21.5%
4.2%
Q3 25
64.7%
11.9%
Q2 25
50.8%
6.1%
Q1 25
18.2%
-19.4%
Q4 24
91.3%
3.5%
Q3 24
52.6%
13.4%
Q2 24
60.7%
9.7%
Q1 24
58.9%
-14.5%
EPS (diluted)
FNF
FNF
KNF
KNF
Q4 25
$-0.44
$0.56
Q3 25
$1.33
$2.52
Q2 25
$1.02
$0.89
Q1 25
$0.30
$-1.21
Q4 24
$1.65
$0.42
Q3 24
$0.97
$2.60
Q2 24
$1.12
$1.37
Q1 24
$0.91
$-0.84

Balance Sheet & Financial Strength

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

Metric
FNF
FNF
KNF
KNF
Cash + ST InvestmentsLiquidity on hand
$2.6B
$73.8M
Total DebtLower is stronger
$4.4B
$1.2B
Stockholders' EquityBook value
$7.4B
$1.6B
Total Assets
$109.0B
$3.7B
Debt / EquityLower = less leverage
0.59×
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNF
FNF
KNF
KNF
Q4 25
$2.6B
$73.8M
Q3 25
$3.5B
$30.7M
Q2 25
$3.3B
$26.6M
Q1 25
$4.5B
$86.1M
Q4 24
$3.5B
$236.8M
Q3 24
$5.0B
$220.4M
Q2 24
$4.9B
$15.5M
Q1 24
$3.5B
$128.4M
Total Debt
FNF
FNF
KNF
KNF
Q4 25
$4.4B
$1.2B
Q3 25
$4.4B
$1.2B
Q2 25
$4.4B
$1.4B
Q1 25
$4.4B
$1.2B
Q4 24
$4.3B
$677.4M
Q3 24
$4.2B
$678.5M
Q2 24
$4.2B
$679.5M
Q1 24
$3.9B
$680.6M
Stockholders' Equity
FNF
FNF
KNF
KNF
Q4 25
$7.4B
$1.6B
Q3 25
$8.4B
$1.6B
Q2 25
$7.9B
$1.5B
Q1 25
$7.9B
$1.4B
Q4 24
$7.8B
$1.5B
Q3 24
$8.1B
$1.4B
Q2 24
$7.3B
$1.3B
Q1 24
$7.1B
$1.2B
Total Assets
FNF
FNF
KNF
KNF
Q4 25
$109.0B
$3.7B
Q3 25
$106.6B
$3.7B
Q2 25
$102.3B
$3.6B
Q1 25
$98.2B
$3.3B
Q4 24
$95.4B
$2.9B
Q3 24
$94.7B
$2.9B
Q2 24
$88.8B
$2.7B
Q1 24
$84.5B
$2.5B
Debt / Equity
FNF
FNF
KNF
KNF
Q4 25
0.59×
0.71×
Q3 25
0.53×
0.74×
Q2 25
0.56×
0.93×
Q1 25
0.56×
0.83×
Q4 24
0.56×
0.46×
Q3 24
0.52×
0.47×
Q2 24
0.58×
0.52×
Q1 24
0.55×
0.56×

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
KNF
KNF
Operating Cash FlowLast quarter
$1.5B
$195.9M
Free Cash FlowOCF − Capex
$138.2M
FCF MarginFCF / Revenue
18.3%
Capex IntensityCapex / Revenue
7.6%
Cash ConversionOCF / Net Profit
6.12×
TTM Free Cash FlowTrailing 4 quarters
$-69.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNF
FNF
KNF
KNF
Q4 25
$1.5B
$195.9M
Q3 25
$1.3B
$250.4M
Q2 25
$1.9B
$-42.6M
Q1 25
$1.1B
$-125.3M
Q4 24
$1.5B
$172.4M
Q3 24
$2.4B
$239.7M
Q2 24
$1.4B
$-46.6M
Q1 24
$1.6B
$-43.2M
Free Cash Flow
FNF
FNF
KNF
KNF
Q4 25
$138.2M
Q3 25
$188.7M
Q2 25
$-196.2M
Q1 25
$-200.2M
Q4 24
$127.2M
Q3 24
$216.1M
Q2 24
$-106.5M
Q1 24
$-86.9M
FCF Margin
FNF
FNF
KNF
KNF
Q4 25
18.3%
Q3 25
15.7%
Q2 25
-23.5%
Q1 25
-56.6%
Q4 24
19.3%
Q3 24
19.6%
Q2 24
-13.2%
Q1 24
-26.4%
Capex Intensity
FNF
FNF
KNF
KNF
Q4 25
7.6%
Q3 25
5.1%
Q2 25
18.4%
Q1 25
21.2%
Q4 24
6.9%
Q3 24
2.1%
Q2 24
7.4%
Q1 24
13.3%
Cash Conversion
FNF
FNF
KNF
KNF
Q4 25
6.12×
Q3 25
3.66×
1.75×
Q2 25
6.82×
-0.84×
Q1 25
13.43×
Q4 24
3.32×
7.41×
Q3 24
8.89×
1.62×
Q2 24
4.45×
-0.60×
Q1 24
6.42×

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%

KNF
KNF

Services$347.2M46%
Ready Mix Concrete$88.4M12%
Contracting Services Public Sector$80.2M11%
Aggregates$73.9M10%
Energy Services Segment$56.2M7%
Liquid Asphalt$49.1M7%
Other$43.2M6%
Asphalt$22.7M3%

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