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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and NATIONAL FUEL GAS CO (NFG). 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 $425.9M, roughly 1.3× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs -21.5%, a 57.2% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs 1.7%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 12.1%).
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.
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
FNF vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $425.9M |
| Net Profit | $-117.0M | $152.0M |
| Gross Margin | — | — |
| Operating Margin | 82.9% | 81.5% |
| Net Margin | -21.5% | 35.7% |
| Revenue YoY | 10.3% | 1.7% |
| Net Profit YoY | -126.0% | — |
| EPS (diluted) | $-0.44 | $1.59 |
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 | — | $425.9M | ||
| Q4 25 | $544.0M | $637.9M | ||
| Q3 25 | $553.0M | $443.1M | ||
| Q2 25 | $547.0M | $527.4M | ||
| Q1 25 | $455.0M | $734.8M | ||
| Q4 24 | $493.0M | $513.8M | ||
| Q3 24 | $506.0M | $310.0M | ||
| Q2 24 | $504.0M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $-117.0M | $181.6M | ||
| Q3 25 | $358.0M | $107.3M | ||
| Q2 25 | $278.0M | $149.8M | ||
| Q1 25 | $83.0M | $216.4M | ||
| Q4 24 | $450.0M | $45.0M | ||
| Q3 24 | $266.0M | $-167.6M | ||
| Q2 24 | $306.0M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 86.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 94.7% | ||
| Q1 25 | — | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 82.9% | 43.3% | ||
| Q3 25 | 81.9% | 40.6% | ||
| Q2 25 | 69.8% | 43.7% | ||
| Q1 25 | 24.4% | 43.2% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | 61.9% | -63.4% | ||
| Q2 24 | 90.9% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | -21.5% | 28.5% | ||
| Q3 25 | 64.7% | 24.2% | ||
| Q2 25 | 50.8% | 28.4% | ||
| Q1 25 | 18.2% | 29.4% | ||
| Q4 24 | 91.3% | 8.8% | ||
| Q3 24 | 52.6% | -54.1% | ||
| Q2 24 | 60.7% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $-0.44 | $1.98 | ||
| Q3 25 | $1.33 | $1.18 | ||
| Q2 25 | $1.02 | $1.64 | ||
| Q1 25 | $0.30 | $2.37 | ||
| Q4 24 | $1.65 | $0.49 | ||
| Q3 24 | $0.97 | $-1.81 | ||
| Q2 24 | $1.12 | $-0.59 |
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 | $300.0M |
| Stockholders' EquityBook value | $7.4B | — |
| Total Assets | $109.0B | $9.1B |
| Debt / EquityLower = less leverage | 0.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $271.4M | ||
| Q3 25 | $3.5B | $43.2M | ||
| Q2 25 | $3.3B | $39.3M | ||
| Q1 25 | $4.5B | $40.0M | ||
| Q4 24 | $3.5B | $48.7M | ||
| Q3 24 | $5.0B | $38.2M | ||
| Q2 24 | $4.9B | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | $4.4B | $2.7B | ||
| Q3 25 | $4.4B | $2.7B | ||
| Q2 25 | $4.4B | $2.7B | ||
| Q1 25 | $4.4B | $2.7B | ||
| Q4 24 | $4.3B | $2.7B | ||
| Q3 24 | $4.2B | $2.7B | ||
| Q2 24 | $4.2B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $7.4B | $3.6B | ||
| Q3 25 | $8.4B | $3.1B | ||
| Q2 25 | $7.9B | $3.0B | ||
| Q1 25 | $7.9B | $2.8B | ||
| Q4 24 | $7.8B | $-76.2M | ||
| Q3 24 | $8.1B | $-15.5M | ||
| Q2 24 | $7.3B | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $109.0B | $9.2B | ||
| Q3 25 | $106.6B | $8.7B | ||
| Q2 25 | $102.3B | $8.4B | ||
| Q1 25 | $98.2B | $8.5B | ||
| Q4 24 | $95.4B | $8.3B | ||
| Q3 24 | $94.7B | $8.3B | ||
| Q2 24 | $88.8B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.59× | 0.75× | ||
| Q3 25 | 0.53× | 0.87× | ||
| Q2 25 | 0.56× | 0.90× | ||
| Q1 25 | 0.56× | 0.99× | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.58× | 532.10× |
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 | $657.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 117.0% |
| Cash ConversionOCF / Net Profit | — | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $1.5B | $274.9M | ||
| Q3 25 | $1.3B | $237.8M | ||
| Q2 25 | $1.9B | $388.4M | ||
| Q1 25 | $1.1B | $253.8M | ||
| Q4 24 | $1.5B | $220.1M | ||
| Q3 24 | $2.4B | $197.9M | ||
| Q2 24 | $1.4B | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.7M | ||
| Q3 25 | — | $-47.8M | ||
| Q2 25 | — | $195.3M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $-20.3M | ||
| Q3 24 | — | $-49.1M | ||
| Q2 24 | — | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.4% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | — | 37.0% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -15.8% | ||
| Q2 24 | — | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 64.4% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 26.4% | ||
| Q4 24 | — | 46.8% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | — | 1.51× | ||
| Q3 25 | 3.66× | 2.21× | ||
| Q2 25 | 6.82× | 2.59× | ||
| Q1 25 | 13.43× | 1.17× | ||
| Q4 24 | 3.32× | 4.89× | ||
| Q3 24 | 8.89× | — | ||
| Q2 24 | 4.45× | — |
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% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
