vs
Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $544.0M, roughly 1.9× Fidelity National Financial, Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs -21.5%, a 23.7% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs 4.5%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs -6.2%).
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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
FNF vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $1.0B |
| Net Profit | $-117.0M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 82.9% | 2.2% |
| Net Margin | -21.5% | 2.2% |
| Revenue YoY | 10.3% | 4.5% |
| Net Profit YoY | -126.0% | — |
| EPS (diluted) | $-0.44 | $0.14 |
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 | — | $1.0B | ||
| Q4 25 | $544.0M | $1.0B | ||
| Q3 25 | $553.0M | $947.4M | ||
| Q2 25 | $547.0M | $1.0B | ||
| Q1 25 | $455.0M | $977.5M | ||
| Q4 24 | $493.0M | $943.6M | ||
| Q3 24 | $506.0M | $1.1B | ||
| Q2 24 | $504.0M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-117.0M | $13.7M | ||
| Q3 25 | $358.0M | $43.1M | ||
| Q2 25 | $278.0M | $71.0M | ||
| Q1 25 | $83.0M | $20.1M | ||
| Q4 24 | $450.0M | $51.9M | ||
| Q3 24 | $266.0M | $73.8M | ||
| Q2 24 | $306.0M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 82.9% | 1.9% | ||
| Q3 25 | 81.9% | -0.3% | ||
| Q2 25 | 69.8% | 3.6% | ||
| Q1 25 | 24.4% | 1.9% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 61.9% | 9.4% | ||
| Q2 24 | 90.9% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -21.5% | 1.3% | ||
| Q3 25 | 64.7% | 4.5% | ||
| Q2 25 | 50.8% | 6.8% | ||
| Q1 25 | 18.2% | 2.1% | ||
| Q4 24 | 91.3% | 5.5% | ||
| Q3 24 | 52.6% | 6.5% | ||
| Q2 24 | 60.7% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.44 | $0.08 | ||
| Q3 25 | $1.33 | $0.26 | ||
| Q2 25 | $1.02 | $0.43 | ||
| Q1 25 | $0.30 | $0.12 | ||
| Q4 24 | $1.65 | $0.31 | ||
| Q3 24 | $0.97 | $0.44 | ||
| Q2 24 | $1.12 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | $4.4B | $7.1M |
| Stockholders' EquityBook value | $7.4B | $1.9B |
| Total Assets | $109.0B | $4.4B |
| Debt / EquityLower = less leverage | 0.59× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $2.6B | $27.6M | ||
| Q3 25 | $3.5B | $13.5M | ||
| Q2 25 | $3.3B | $19.6M | ||
| Q1 25 | $4.5B | $24.1M | ||
| Q4 24 | $3.5B | $20.0M | ||
| Q3 24 | $5.0B | $23.0M | ||
| Q2 24 | $4.9B | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $4.4B | $246.6M | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.3B | $190.5M | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.2B | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $7.4B | $2.1B | ||
| Q3 25 | $8.4B | $2.1B | ||
| Q2 25 | $7.9B | $2.0B | ||
| Q1 25 | $7.9B | $2.0B | ||
| Q4 24 | $7.8B | $2.0B | ||
| Q3 24 | $8.1B | $2.0B | ||
| Q2 24 | $7.3B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $109.0B | $3.6B | ||
| Q3 25 | $106.6B | $3.5B | ||
| Q2 25 | $102.3B | $3.4B | ||
| Q1 25 | $98.2B | $3.4B | ||
| Q4 24 | $95.4B | $3.3B | ||
| Q3 24 | $94.7B | $3.3B | ||
| Q2 24 | $88.8B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.59× | 0.12× | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.56× | 0.10× | ||
| 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 | — | 13.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $195.4M | ||
| Q3 25 | $1.3B | $51.5M | ||
| Q2 25 | $1.9B | $170.6M | ||
| Q1 25 | $1.1B | $192.1M | ||
| Q4 24 | $1.5B | $177.3M | ||
| Q3 24 | $2.4B | $244.5M | ||
| Q2 24 | $1.4B | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-10.0M | ||
| Q3 25 | — | $-67.2M | ||
| Q2 25 | — | $33.1M | ||
| Q1 25 | — | $58.2M | ||
| Q4 24 | — | $-26.2M | ||
| Q3 24 | — | $77.9M | ||
| Q2 24 | — | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.0% | ||
| Q3 25 | — | -7.1% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | 3.66× | 1.20× | ||
| Q2 25 | 6.82× | 2.40× | ||
| Q1 25 | 13.43× | 9.55× | ||
| Q4 24 | 3.32× | 3.42× | ||
| Q3 24 | 8.89× | 3.31× | ||
| Q2 24 | 4.45× | 2.29× |
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% |
LBRT
Segment breakdown not available.
