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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and PROCORE TECHNOLOGIES, INC. (PCOR). 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 $349.1M, roughly 1.6× PROCORE TECHNOLOGIES, INC.). PROCORE TECHNOLOGIES, INC. runs the higher net margin — -10.8% vs -21.5%, a 10.7% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs 10.3%). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% CAGR vs 13.7%).
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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
FNF vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $349.1M |
| Net Profit | $-117.0M | $-37.6M |
| Gross Margin | — | 80.1% |
| Operating Margin | 82.9% | -12.3% |
| Net Margin | -21.5% | -10.8% |
| Revenue YoY | 10.3% | 15.6% |
| Net Profit YoY | -126.0% | 39.6% |
| EPS (diluted) | $-0.44 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $553.0M | $338.9M | ||
| Q2 25 | $547.0M | $323.9M | ||
| Q1 25 | $455.0M | $310.6M | ||
| Q4 24 | $493.0M | $302.0M | ||
| Q3 24 | $506.0M | $295.9M | ||
| Q2 24 | $504.0M | $284.3M | ||
| Q1 24 | $421.0M | $269.4M |
| Q4 25 | $-117.0M | $-37.6M | ||
| Q3 25 | $358.0M | $-9.1M | ||
| Q2 25 | $278.0M | $-21.1M | ||
| Q1 25 | $83.0M | $-33.0M | ||
| Q4 24 | $450.0M | $-62.3M | ||
| Q3 24 | $266.0M | $-26.4M | ||
| Q2 24 | $306.0M | $-6.3M | ||
| Q1 24 | $248.0M | $-11.0M |
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% | ||
| Q1 24 | — | 83.0% |
| Q4 25 | 82.9% | -12.3% | ||
| Q3 25 | 81.9% | -4.4% | ||
| Q2 25 | 69.8% | -9.3% | ||
| Q1 25 | 24.4% | -11.7% | ||
| Q4 24 | — | -21.9% | ||
| Q3 24 | 61.9% | -12.3% | ||
| Q2 24 | 90.9% | -5.2% | ||
| Q1 24 | 78.6% | -7.0% |
| Q4 25 | -21.5% | -10.8% | ||
| Q3 25 | 64.7% | -2.7% | ||
| Q2 25 | 50.8% | -6.5% | ||
| Q1 25 | 18.2% | -10.6% | ||
| Q4 24 | 91.3% | -20.6% | ||
| Q3 24 | 52.6% | -8.9% | ||
| Q2 24 | 60.7% | -2.2% | ||
| Q1 24 | 58.9% | -4.1% |
| Q4 25 | $-0.44 | $-0.25 | ||
| Q3 25 | $1.33 | $-0.06 | ||
| Q2 25 | $1.02 | $-0.14 | ||
| Q1 25 | $0.30 | $-0.22 | ||
| Q4 24 | $1.65 | $-0.42 | ||
| Q3 24 | $0.97 | $-0.18 | ||
| Q2 24 | $1.12 | $-0.04 | ||
| Q1 24 | $0.91 | $-0.08 |
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 | $768.5M |
| Total DebtLower is stronger | $4.4B | — |
| Stockholders' EquityBook value | $7.4B | $1.3B |
| Total Assets | $109.0B | $2.2B |
| Debt / EquityLower = less leverage | 0.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | $768.5M | ||
| Q3 25 | $3.5B | $684.0M | ||
| Q2 25 | $3.3B | $620.9M | ||
| Q1 25 | $4.5B | $566.7M | ||
| Q4 24 | $3.5B | $775.4M | ||
| Q3 24 | $5.0B | $756.9M | ||
| Q2 24 | $4.9B | $735.4M | ||
| Q1 24 | $3.5B | $744.6M |
| 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 | $1.3B | ||
| Q3 25 | $8.4B | $1.2B | ||
| Q2 25 | $7.9B | $1.2B | ||
| Q1 25 | $7.9B | $1.2B | ||
| Q4 24 | $7.8B | $1.3B | ||
| Q3 24 | $8.1B | $1.3B | ||
| Q2 24 | $7.3B | $1.3B | ||
| Q1 24 | $7.1B | $1.2B |
| Q4 25 | $109.0B | $2.2B | ||
| Q3 25 | $106.6B | $2.1B | ||
| Q2 25 | $102.3B | $2.0B | ||
| Q1 25 | $98.2B | $1.9B | ||
| Q4 24 | $95.4B | $2.1B | ||
| Q3 24 | $94.7B | $2.0B | ||
| Q2 24 | $88.8B | $2.0B | ||
| Q1 24 | $84.5B | $1.9B |
| 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 | $114.9M |
| Free Cash FlowOCF − Capex | — | $109.2M |
| FCF MarginFCF / Revenue | — | 31.3% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $114.9M | ||
| Q3 25 | $1.3B | $88.5M | ||
| Q2 25 | $1.9B | $30.8M | ||
| Q1 25 | $1.1B | $66.0M | ||
| Q4 24 | $1.5B | $29.1M | ||
| Q3 24 | $2.4B | $39.3M | ||
| Q2 24 | $1.4B | $58.7M | ||
| Q1 24 | $1.6B | $69.1M |
| Q4 25 | — | $109.2M | ||
| Q3 25 | — | $83.1M | ||
| Q2 25 | — | $27.9M | ||
| Q1 25 | — | $62.0M | ||
| Q4 24 | — | $17.4M | ||
| Q3 24 | — | $35.7M | ||
| Q2 24 | — | $56.8M | ||
| Q1 24 | — | $67.1M |
| Q4 25 | — | 31.3% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | — | — | ||
| Q3 25 | 3.66× | — | ||
| Q2 25 | 6.82× | — | ||
| Q1 25 | 13.43× | — | ||
| Q4 24 | 3.32× | — | ||
| Q3 24 | 8.89× | — | ||
| Q2 24 | 4.45× | — | ||
| Q1 24 | 6.42× | — |
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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
