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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). 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 $335.6M, roughly 1.6× Natural Grocers by Vitamin Cottage, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -21.5%, a 24.9% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs 1.6%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 4.4%).
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.
Natural Grocers by Vitamin Cottage, Inc. is a U.S.-based specialty retail chain that offers certified organic groceries, dietary supplements, natural personal care items, and eco-friendly household products. It serves health-conscious consumers across multiple U.S. states, following strict quality standards that exclude artificial preservatives, colors, flavors and harmful additives.
FNF vs NGVC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $335.6M |
| Net Profit | $-117.0M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | 82.9% | 4.4% |
| Net Margin | -21.5% | 3.4% |
| Revenue YoY | 10.3% | 1.6% |
| Net Profit YoY | -126.0% | 14.0% |
| EPS (diluted) | $-0.44 | $0.49 |
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.
| Q4 25 | $544.0M | $335.6M | ||
| Q3 25 | $553.0M | $336.1M | ||
| Q2 25 | $547.0M | $328.7M | ||
| Q1 25 | $455.0M | $335.8M | ||
| Q4 24 | $493.0M | $330.2M | ||
| Q3 24 | $506.0M | $322.7M | ||
| Q2 24 | $504.0M | $309.1M | ||
| Q1 24 | $421.0M | $308.1M |
| Q4 25 | $-117.0M | $11.3M | ||
| Q3 25 | $358.0M | $11.8M | ||
| Q2 25 | $278.0M | $11.6M | ||
| Q1 25 | $83.0M | $13.1M | ||
| Q4 24 | $450.0M | $9.9M | ||
| Q3 24 | $266.0M | $9.0M | ||
| Q2 24 | $306.0M | $9.2M | ||
| Q1 24 | $248.0M | $8.0M |
| Q4 25 | — | 29.5% | ||
| Q3 25 | — | 29.5% | ||
| Q2 25 | — | 29.9% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 29.2% | ||
| Q1 24 | — | 29.3% |
| Q4 25 | 82.9% | 4.4% | ||
| Q3 25 | 81.9% | 4.6% | ||
| Q2 25 | 69.8% | 4.7% | ||
| Q1 25 | 24.4% | 5.2% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 61.9% | 3.7% | ||
| Q2 24 | 90.9% | 4.2% | ||
| Q1 24 | 78.6% | 3.7% |
| Q4 25 | -21.5% | 3.4% | ||
| Q3 25 | 64.7% | 3.5% | ||
| Q2 25 | 50.8% | 3.5% | ||
| Q1 25 | 18.2% | 3.9% | ||
| Q4 24 | 91.3% | 3.0% | ||
| Q3 24 | 52.6% | 2.8% | ||
| Q2 24 | 60.7% | 3.0% | ||
| Q1 24 | 58.9% | 2.6% |
| Q4 25 | $-0.44 | $0.49 | ||
| Q3 25 | $1.33 | $0.51 | ||
| Q2 25 | $1.02 | $0.50 | ||
| Q1 25 | $0.30 | $0.56 | ||
| Q4 24 | $1.65 | $0.43 | ||
| Q3 24 | $0.97 | $0.38 | ||
| Q2 24 | $1.12 | $0.40 | ||
| Q1 24 | $0.91 | $0.35 |
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 | $23.2M |
| Total DebtLower is stronger | $4.4B | — |
| Stockholders' EquityBook value | $7.4B | $220.0M |
| Total Assets | $109.0B | $668.6M |
| Debt / EquityLower = less leverage | 0.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | $23.2M | ||
| Q3 25 | $3.5B | $17.1M | ||
| Q2 25 | $3.3B | $13.2M | ||
| Q1 25 | $4.5B | $21.2M | ||
| Q4 24 | $3.5B | $6.3M | ||
| Q3 24 | $5.0B | $8.9M | ||
| Q2 24 | $4.9B | $13.9M | ||
| Q1 24 | $3.5B | $11.0M |
| 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 24 | $3.9B | — |
| Q4 25 | $7.4B | $220.0M | ||
| Q3 25 | $8.4B | $212.4M | ||
| Q2 25 | $7.9B | $202.5M | ||
| Q1 25 | $7.9B | $193.0M | ||
| Q4 24 | $7.8B | $181.9M | ||
| Q3 24 | $8.1B | $174.3M | ||
| Q2 24 | $7.3B | $167.8M | ||
| Q1 24 | $7.1B | $160.0M |
| Q4 25 | $109.0B | $668.6M | ||
| Q3 25 | $106.6B | $670.5M | ||
| Q2 25 | $102.3B | $659.0M | ||
| Q1 25 | $98.2B | $664.6M | ||
| Q4 24 | $95.4B | $648.9M | ||
| Q3 24 | $94.7B | $655.5M | ||
| Q2 24 | $88.8B | $654.4M | ||
| Q1 24 | $84.5B | $656.6M |
| 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× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5B | $21.1M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $21.1M | ||
| Q3 25 | $1.3B | $15.6M | ||
| Q2 25 | $1.9B | $2.9M | ||
| Q1 25 | $1.1B | $34.1M | ||
| Q4 24 | $1.5B | $2.7M | ||
| Q3 24 | $2.4B | $24.5M | ||
| Q2 24 | $1.4B | $12.4M | ||
| Q1 24 | $1.6B | $20.2M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $7.5M | ||
| Q2 25 | — | $-4.2M | ||
| Q1 25 | — | $27.6M | ||
| Q4 24 | — | $-6.9M | ||
| Q3 24 | — | $18.0M | ||
| Q2 24 | — | $3.6M | ||
| Q1 24 | — | $9.8M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -1.3% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | -2.1% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | 3.66× | 1.32× | ||
| Q2 25 | 6.82× | 0.25× | ||
| Q1 25 | 13.43× | 2.60× | ||
| Q4 24 | 3.32× | 0.27× | ||
| Q3 24 | 8.89× | 2.72× | ||
| Q2 24 | 4.45× | 1.35× | ||
| Q1 24 | 6.42× | 2.54× |
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% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
