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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
Mid-America Apartment Communities is the larger business by last-quarter revenue ($553.7M vs $544.0M, roughly 1.0× Fidelity National Financial, Inc.). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 10.3%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 0.7%).
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.
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
FNF vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $553.7M |
| Net Profit | $-117.0M | — |
| Gross Margin | — | — |
| Operating Margin | 82.9% | — |
| Net Margin | -21.5% | — |
| Revenue YoY | 10.3% | 438.7% |
| Net Profit YoY | -126.0% | — |
| EPS (diluted) | $-0.44 | $4.34 |
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 | — | $553.7M | ||
| Q4 25 | $544.0M | $555.6M | ||
| Q3 25 | $553.0M | $554.4M | ||
| Q2 25 | $547.0M | $549.9M | ||
| Q1 25 | $455.0M | $549.3M | ||
| Q4 24 | $493.0M | $549.8M | ||
| Q3 24 | $506.0M | $551.1M | ||
| Q2 24 | $504.0M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-117.0M | $57.6M | ||
| Q3 25 | $358.0M | $99.5M | ||
| Q2 25 | $278.0M | $108.1M | ||
| Q1 25 | $83.0M | $181.7M | ||
| Q4 24 | $450.0M | $166.6M | ||
| Q3 24 | $266.0M | $115.2M | ||
| Q2 24 | $306.0M | $102.0M |
| Q1 26 | — | — | ||
| Q4 25 | 82.9% | 10.4% | ||
| Q3 25 | 81.9% | 18.7% | ||
| Q2 25 | 69.8% | 20.2% | ||
| Q1 25 | 24.4% | 34.0% | ||
| Q4 24 | — | 31.3% | ||
| Q3 24 | 61.9% | 21.5% | ||
| Q2 24 | 90.9% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | -21.5% | 10.4% | ||
| Q3 25 | 64.7% | 18.0% | ||
| Q2 25 | 50.8% | 19.7% | ||
| Q1 25 | 18.2% | 33.1% | ||
| Q4 24 | 91.3% | 30.3% | ||
| Q3 24 | 52.6% | 20.9% | ||
| Q2 24 | 60.7% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | $-0.44 | $0.48 | ||
| Q3 25 | $1.33 | $0.84 | ||
| Q2 25 | $1.02 | $0.92 | ||
| Q1 25 | $0.30 | $1.54 | ||
| Q4 24 | $1.65 | $1.43 | ||
| Q3 24 | $0.97 | $0.98 | ||
| Q2 24 | $1.12 | $0.86 |
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 | — |
| Stockholders' EquityBook value | $7.4B | — |
| Total Assets | $109.0B | — |
| Debt / EquityLower = less leverage | 0.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $60.3M | ||
| Q3 25 | $3.5B | $32.2M | ||
| Q2 25 | $3.3B | $54.5M | ||
| Q1 25 | $4.5B | $55.8M | ||
| Q4 24 | $3.5B | $43.0M | ||
| Q3 24 | $5.0B | $50.2M | ||
| Q2 24 | $4.9B | $62.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | $7.4B | $5.7B | ||
| Q3 25 | $8.4B | $5.8B | ||
| Q2 25 | $7.9B | $5.9B | ||
| Q1 25 | $7.9B | $5.9B | ||
| Q4 24 | $7.8B | $5.9B | ||
| Q3 24 | $8.1B | $5.9B | ||
| Q2 24 | $7.3B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $109.0B | $12.0B | ||
| Q3 25 | $106.6B | $11.9B | ||
| Q2 25 | $102.3B | $11.8B | ||
| Q1 25 | $98.2B | $11.8B | ||
| Q4 24 | $95.4B | $11.8B | ||
| Q3 24 | $94.7B | $11.8B | ||
| Q2 24 | $88.8B | $11.6B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $261.7M | ||
| Q3 25 | $1.3B | $266.4M | ||
| Q2 25 | $1.9B | $353.4M | ||
| Q1 25 | $1.1B | $196.6M | ||
| Q4 24 | $1.5B | $239.1M | ||
| Q3 24 | $2.4B | $309.5M | ||
| Q2 24 | $1.4B | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $158.6M | ||
| Q3 25 | — | $170.8M | ||
| Q2 25 | — | $264.5M | ||
| Q1 25 | — | $124.0M | ||
| Q4 24 | — | $152.6M | ||
| Q3 24 | — | $215.5M | ||
| Q2 24 | — | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 30.8% | ||
| Q2 25 | — | 48.1% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 39.1% | ||
| Q2 24 | — | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 18.6% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | 13.2% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.55× | ||
| Q3 25 | 3.66× | 2.68× | ||
| Q2 25 | 6.82× | 3.27× | ||
| Q1 25 | 13.43× | 1.08× | ||
| Q4 24 | 3.32× | 1.43× | ||
| Q3 24 | 8.89× | 2.69× | ||
| Q2 24 | 4.45× | 3.43× |
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% |
MAA
| Same Store Communities | $517.0M | 93% |
| Non-Same Store Communities | $22.1M | 4% |
| Lease-up/Development Communities | $7.7M | 1% |
| Commercial Property/Land | $7.0M | 1% |
