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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $544.0M, roughly 1.3× Fidelity National Financial, Inc.). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs -21.5%, a 26.7% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs 2.7%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 1.8%).
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.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
FNF vs OII — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $692.4M |
| Net Profit | $-117.0M | $36.1M |
| Gross Margin | — | — |
| Operating Margin | 82.9% | — |
| Net Margin | -21.5% | 5.2% |
| Revenue YoY | 10.3% | 2.7% |
| Net Profit YoY | -126.0% | -79.7% |
| EPS (diluted) | $-0.44 | $0.36 |
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 | — | $692.4M | ||
| Q4 25 | $544.0M | $668.6M | ||
| Q3 25 | $553.0M | $742.9M | ||
| Q2 25 | $547.0M | $698.2M | ||
| Q1 25 | $455.0M | $674.5M | ||
| Q4 24 | $493.0M | $713.5M | ||
| Q3 24 | $506.0M | $679.8M | ||
| Q2 24 | $504.0M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $-117.0M | $177.7M | ||
| Q3 25 | $358.0M | $71.3M | ||
| Q2 25 | $278.0M | $54.4M | ||
| Q1 25 | $83.0M | $50.4M | ||
| Q4 24 | $450.0M | $56.1M | ||
| Q3 24 | $266.0M | $41.2M | ||
| Q2 24 | $306.0M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 82.9% | 9.8% | ||
| Q3 25 | 81.9% | 11.6% | ||
| Q2 25 | 69.8% | 11.3% | ||
| Q1 25 | 24.4% | 10.9% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | 61.9% | 10.5% | ||
| Q2 24 | 90.9% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | -21.5% | 26.6% | ||
| Q3 25 | 64.7% | 9.6% | ||
| Q2 25 | 50.8% | 7.8% | ||
| Q1 25 | 18.2% | 7.5% | ||
| Q4 24 | 91.3% | 7.9% | ||
| Q3 24 | 52.6% | 6.1% | ||
| Q2 24 | 60.7% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $-0.44 | $1.75 | ||
| Q3 25 | $1.33 | $0.71 | ||
| Q2 25 | $1.02 | $0.54 | ||
| Q1 25 | $0.30 | $0.49 | ||
| Q4 24 | $1.65 | $0.55 | ||
| Q3 24 | $0.97 | $0.40 | ||
| Q2 24 | $1.12 | $0.34 |
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 | $488.8M |
| Stockholders' EquityBook value | $7.4B | $1.1B |
| Total Assets | $109.0B | $2.6B |
| Debt / EquityLower = less leverage | 0.59× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $695.9M | ||
| Q3 25 | $3.5B | $7.0M | ||
| Q2 25 | $3.3B | $7.0M | ||
| Q1 25 | $4.5B | $7.0M | ||
| Q4 24 | $3.5B | $504.5M | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $4.9B | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | $4.4B | $487.4M | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.3B | $482.0M | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.2B | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $7.4B | $1.1B | ||
| Q3 25 | $8.4B | $907.7M | ||
| Q2 25 | $7.9B | $842.1M | ||
| Q1 25 | $7.9B | $773.1M | ||
| Q4 24 | $7.8B | $714.3M | ||
| Q3 24 | $8.1B | $698.0M | ||
| Q2 24 | $7.3B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $109.0B | $2.7B | ||
| Q3 25 | $106.6B | $2.5B | ||
| Q2 25 | $102.3B | $2.3B | ||
| Q1 25 | $98.2B | $2.3B | ||
| Q4 24 | $95.4B | $2.3B | ||
| Q3 24 | $94.7B | $2.4B | ||
| Q2 24 | $88.8B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | 0.59× | 0.46× | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.56× | 0.67× | ||
| 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 | — | $-76.5M |
| FCF MarginFCF / Revenue | — | -11.1% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $221.1M | ||
| Q3 25 | $1.3B | $101.3M | ||
| Q2 25 | $1.9B | $77.2M | ||
| Q1 25 | $1.1B | $-80.7M | ||
| Q4 24 | $1.5B | $128.4M | ||
| Q3 24 | $2.4B | $91.9M | ||
| Q2 24 | $1.4B | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | — | $190.7M | ||
| Q3 25 | — | $77.0M | ||
| Q2 25 | — | $46.9M | ||
| Q1 25 | — | $-106.8M | ||
| Q4 24 | — | $94.5M | ||
| Q3 24 | — | $67.0M | ||
| Q2 24 | — | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | -15.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | 3.66× | 1.42× | ||
| Q2 25 | 6.82× | 1.42× | ||
| Q1 25 | 13.43× | -1.60× | ||
| Q4 24 | 3.32× | 2.29× | ||
| Q3 24 | 8.89× | 2.23× | ||
| Q2 24 | 4.45× | 1.50× |
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% |
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
