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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and New Fortress Energy Inc. (NFE). 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 $326.2M, roughly 1.7× New Fortress Energy Inc.). Fidelity National Financial, Inc. runs the higher net margin — -21.5% vs -259.7%, a 238.2% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs -7.0%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs -26.8%).

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.

New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.

FNF vs NFE — Head-to-Head

Bigger by revenue
FNF
FNF
1.7× larger
FNF
$544.0M
$326.2M
NFE
Growing faster (revenue YoY)
FNF
FNF
+17.3% gap
FNF
10.3%
-7.0%
NFE
Higher net margin
FNF
FNF
238.2% more per $
FNF
-21.5%
-259.7%
NFE
Faster 2-yr revenue CAGR
FNF
FNF
Annualised
FNF
13.7%
-26.8%
NFE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FNF
FNF
NFE
NFE
Revenue
$544.0M
$326.2M
Net Profit
$-117.0M
$-847.1M
Gross Margin
35.5%
Operating Margin
82.9%
-193.0%
Net Margin
-21.5%
-259.7%
Revenue YoY
10.3%
-7.0%
Net Profit YoY
-126.0%
-277.4%
EPS (diluted)
$-0.44
$-3.03

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
NFE
NFE
Q4 25
$544.0M
$326.2M
Q3 25
$553.0M
$240.3M
Q2 25
$547.0M
$228.1M
Q1 25
$455.0M
$384.9M
Q4 24
$493.0M
$350.7M
Q3 24
$506.0M
$446.0M
Q2 24
$504.0M
$291.2M
Q1 24
$421.0M
$609.5M
Net Profit
FNF
FNF
NFE
NFE
Q4 25
$-117.0M
$-847.1M
Q3 25
$358.0M
$-263.0M
Q2 25
$278.0M
$-546.5M
Q1 25
$83.0M
$-175.4M
Q4 24
$450.0M
$-224.4M
Q3 24
$266.0M
$9.3M
Q2 24
$306.0M
$-88.9M
Q1 24
$248.0M
$54.1M
Gross Margin
FNF
FNF
NFE
NFE
Q4 25
35.5%
Q3 25
18.1%
Q2 25
8.4%
Q1 25
21.4%
Q4 24
17.6%
Q3 24
27.1%
Q2 24
23.8%
Q1 24
62.4%
Operating Margin
FNF
FNF
NFE
NFE
Q4 25
82.9%
-193.0%
Q3 25
81.9%
-37.4%
Q2 25
69.8%
-170.3%
Q1 25
24.4%
-3.3%
Q4 24
65.0%
Q3 24
61.9%
17.8%
Q2 24
90.9%
12.3%
Q1 24
78.6%
30.4%
Net Margin
FNF
FNF
NFE
NFE
Q4 25
-21.5%
-259.7%
Q3 25
64.7%
-109.4%
Q2 25
50.8%
-239.6%
Q1 25
18.2%
-45.6%
Q4 24
91.3%
-64.0%
Q3 24
52.6%
2.1%
Q2 24
60.7%
-30.5%
Q1 24
58.9%
8.9%
EPS (diluted)
FNF
FNF
NFE
NFE
Q4 25
$-0.44
$-3.03
Q3 25
$1.33
$-0.96
Q2 25
$1.02
$-1.99
Q1 25
$0.30
$-0.65
Q4 24
$1.65
$-1.10
Q3 24
$0.97
$0.03
Q2 24
$1.12
$-0.42
Q1 24
$0.91
$0.23

Balance Sheet & Financial Strength

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

Metric
FNF
FNF
NFE
NFE
Cash + ST InvestmentsLiquidity on hand
$2.6B
$226.5M
Total DebtLower is stronger
$4.4B
$8.2B
Stockholders' EquityBook value
$7.4B
$182.6M
Total Assets
$109.0B
$10.6B
Debt / EquityLower = less leverage
0.59×
44.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNF
FNF
NFE
NFE
Q4 25
$2.6B
$226.5M
Q3 25
$3.5B
$145.2M
Q2 25
$3.3B
$551.1M
Q1 25
$4.5B
$447.9M
Q4 24
$3.5B
$492.9M
Q3 24
$5.0B
$90.8M
Q2 24
$4.9B
$133.0M
Q1 24
$3.5B
$143.5M
Total Debt
FNF
FNF
NFE
NFE
Q4 25
$4.4B
$8.2B
Q3 25
$4.4B
Q2 25
$4.4B
Q1 25
$4.4B
Q4 24
$4.3B
$8.9B
Q3 24
$4.2B
Q2 24
$4.2B
Q1 24
$3.9B
Stockholders' Equity
FNF
FNF
NFE
NFE
Q4 25
$7.4B
$182.6M
Q3 25
$8.4B
$1.1B
Q2 25
$7.9B
$1.3B
Q1 25
$7.9B
$1.8B
Q4 24
$7.8B
$1.9B
Q3 24
$8.1B
$1.6B
Q2 24
$7.3B
$1.6B
Q1 24
$7.1B
$1.7B
Total Assets
FNF
FNF
NFE
NFE
Q4 25
$109.0B
$10.6B
Q3 25
$106.6B
$12.0B
Q2 25
$102.3B
$12.0B
Q1 25
$98.2B
$13.1B
Q4 24
$95.4B
$12.9B
Q3 24
$94.7B
$12.0B
Q2 24
$88.8B
$11.4B
Q1 24
$84.5B
$10.9B
Debt / Equity
FNF
FNF
NFE
NFE
Q4 25
0.59×
44.78×
Q3 25
0.53×
Q2 25
0.56×
Q1 25
0.56×
Q4 24
0.56×
4.74×
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
FNF
FNF
NFE
NFE
Operating Cash FlowLast quarter
$1.5B
$-76.2M
Free Cash FlowOCF − Capex
$-134.8M
FCF MarginFCF / Revenue
-41.3%
Capex IntensityCapex / Revenue
18.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNF
FNF
NFE
NFE
Q4 25
$1.5B
$-76.2M
Q3 25
$1.3B
$-171.0M
Q2 25
$1.9B
$-329.0M
Q1 25
$1.1B
$-7.2M
Q4 24
$1.5B
$445.3M
Q3 24
$2.4B
$-20.0M
Q2 24
$1.4B
$113.9M
Q1 24
$1.6B
$63.0M
Free Cash Flow
FNF
FNF
NFE
NFE
Q4 25
$-134.8M
Q3 25
$-231.6M
Q2 25
$-726.7M
Q1 25
$-262.3M
Q4 24
$-210.3M
Q3 24
$-367.0M
Q2 24
$-493.2M
Q1 24
$-457.9M
FCF Margin
FNF
FNF
NFE
NFE
Q4 25
-41.3%
Q3 25
-96.4%
Q2 25
-318.6%
Q1 25
-68.2%
Q4 24
-60.0%
Q3 24
-82.3%
Q2 24
-169.3%
Q1 24
-75.1%
Capex Intensity
FNF
FNF
NFE
NFE
Q4 25
18.0%
Q3 25
25.2%
Q2 25
174.4%
Q1 25
66.3%
Q4 24
187.0%
Q3 24
77.8%
Q2 24
208.4%
Q1 24
85.5%
Cash Conversion
FNF
FNF
NFE
NFE
Q4 25
Q3 25
3.66×
Q2 25
6.82×
Q1 25
13.43×
Q4 24
3.32×
Q3 24
8.89×
-2.15×
Q2 24
4.45×
Q1 24
6.42×
1.16×

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%

NFE
NFE

Segment breakdown not available.

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