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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and PEGASYSTEMS INC (PEGA). 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 $430.0M, roughly 1.3× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -21.5%, a 29.1% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs -9.6%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 10.7%).
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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
FNF vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $430.0M |
| Net Profit | $-117.0M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | 82.9% | 8.6% |
| Net Margin | -21.5% | 7.6% |
| Revenue YoY | 10.3% | -9.6% |
| Net Profit YoY | -126.0% | — |
| EPS (diluted) | $-0.44 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $544.0M | $504.3M | ||
| Q3 25 | $553.0M | $381.4M | ||
| Q2 25 | $547.0M | $384.5M | ||
| Q1 25 | $455.0M | $475.6M | ||
| Q4 24 | $493.0M | $490.8M | ||
| Q3 24 | $506.0M | $325.1M | ||
| Q2 24 | $504.0M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-117.0M | $234.6M | ||
| Q3 25 | $358.0M | $43.4M | ||
| Q2 25 | $278.0M | $30.1M | ||
| Q1 25 | $83.0M | $85.4M | ||
| Q4 24 | $450.0M | $119.1M | ||
| Q3 24 | $266.0M | $-14.4M | ||
| Q2 24 | $306.0M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 82.9% | 20.7% | ||
| Q3 25 | 81.9% | 3.8% | ||
| Q2 25 | 69.8% | 4.5% | ||
| Q1 25 | 24.4% | 26.7% | ||
| Q4 24 | — | 29.1% | ||
| Q3 24 | 61.9% | -3.6% | ||
| Q2 24 | 90.9% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | -21.5% | 46.5% | ||
| Q3 25 | 64.7% | 11.4% | ||
| Q2 25 | 50.8% | 7.8% | ||
| Q1 25 | 18.2% | 18.0% | ||
| Q4 24 | 91.3% | 24.3% | ||
| Q3 24 | 52.6% | -4.4% | ||
| Q2 24 | 60.7% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.44 | $0.81 | ||
| Q3 25 | $1.33 | $0.24 | ||
| Q2 25 | $1.02 | $0.17 | ||
| Q1 25 | $0.30 | $0.91 | ||
| Q4 24 | $1.65 | $1.35 | ||
| Q3 24 | $0.97 | $-0.17 | ||
| Q2 24 | $1.12 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | $4.4B | — |
| Stockholders' EquityBook value | $7.4B | $705.9M |
| Total Assets | $109.0B | $1.6B |
| Debt / EquityLower = less leverage | 0.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $2.6B | $425.8M | ||
| Q3 25 | $3.5B | $351.4M | ||
| Q2 25 | $3.3B | $411.6M | ||
| Q1 25 | $4.5B | $371.7M | ||
| Q4 24 | $3.5B | $740.0M | ||
| Q3 24 | $5.0B | $703.0M | ||
| Q2 24 | $4.9B | $665.1M |
| Q1 26 | — | — | ||
| 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 26 | — | $705.9M | ||
| Q4 25 | $7.4B | $787.4M | ||
| Q3 25 | $8.4B | $596.8M | ||
| Q2 25 | $7.9B | $624.5M | ||
| Q1 25 | $7.9B | $611.3M | ||
| Q4 24 | $7.8B | $585.5M | ||
| Q3 24 | $8.1B | $473.0M | ||
| Q2 24 | $7.3B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $109.0B | $1.6B | ||
| Q3 25 | $106.6B | $1.3B | ||
| Q2 25 | $102.3B | $1.3B | ||
| Q1 25 | $98.2B | $1.3B | ||
| Q4 24 | $95.4B | $1.8B | ||
| Q3 24 | $94.7B | $1.6B | ||
| Q2 24 | $88.8B | $1.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — | $206.5M |
| FCF MarginFCF / Revenue | — | 48.0% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $158.4M | ||
| Q3 25 | $1.3B | $56.3M | ||
| Q2 25 | $1.9B | $86.3M | ||
| Q1 25 | $1.1B | $204.2M | ||
| Q4 24 | $1.5B | $95.2M | ||
| Q3 24 | $2.4B | $30.5M | ||
| Q2 24 | $1.4B | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $51.8M | ||
| Q2 25 | — | $84.1M | ||
| Q1 25 | — | $202.3M | ||
| Q4 24 | — | $92.4M | ||
| Q3 24 | — | $27.4M | ||
| Q2 24 | — | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 42.5% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | 3.66× | 1.30× | ||
| Q2 25 | 6.82× | 2.87× | ||
| Q1 25 | 13.43× | 2.39× | ||
| Q4 24 | 3.32× | 0.80× | ||
| Q3 24 | 8.89× | — | ||
| Q2 24 | 4.45× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
