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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($807.0M vs $544.0M, roughly 1.5× Fidelity National Financial, Inc.). Sinclair, Inc. runs the higher net margin — 2.5% vs -21.5%, a 24.0% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs 4.0%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs -1.3%).
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.
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
FNF vs SBGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $807.0M |
| Net Profit | $-117.0M | $20.0M |
| Gross Margin | — | — |
| Operating Margin | 82.9% | 0.0% |
| Net Margin | -21.5% | 2.5% |
| Revenue YoY | 10.3% | 4.0% |
| Net Profit YoY | -126.0% | — |
| EPS (diluted) | $-0.44 | $0.28 |
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 | — | $807.0M | ||
| Q4 25 | $544.0M | $836.0M | ||
| Q3 25 | $553.0M | $773.0M | ||
| Q2 25 | $547.0M | $784.0M | ||
| Q1 25 | $455.0M | $776.0M | ||
| Q4 24 | $493.0M | $1.0B | ||
| Q3 24 | $506.0M | $917.0M | ||
| Q2 24 | $504.0M | $829.0M |
| Q1 26 | — | $20.0M | ||
| Q4 25 | $-117.0M | $109.0M | ||
| Q3 25 | $358.0M | $-1.0M | ||
| Q2 25 | $278.0M | $-64.0M | ||
| Q1 25 | $83.0M | $-156.0M | ||
| Q4 24 | $450.0M | $176.0M | ||
| Q3 24 | $266.0M | $94.0M | ||
| Q2 24 | $306.0M | $17.0M |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 82.9% | 9.6% | ||
| Q3 25 | 81.9% | 7.5% | ||
| Q2 25 | 69.8% | 2.7% | ||
| Q1 25 | 24.4% | 1.8% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | 61.9% | 19.5% | ||
| Q2 24 | 90.9% | 7.7% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | -21.5% | 13.0% | ||
| Q3 25 | 64.7% | -0.1% | ||
| Q2 25 | 50.8% | -8.2% | ||
| Q1 25 | 18.2% | -20.1% | ||
| Q4 24 | 91.3% | 17.5% | ||
| Q3 24 | 52.6% | 10.3% | ||
| Q2 24 | 60.7% | 2.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $-0.44 | $1.62 | ||
| Q3 25 | $1.33 | $-0.02 | ||
| Q2 25 | $1.02 | $-0.91 | ||
| Q1 25 | $0.30 | $-2.30 | ||
| Q4 24 | $1.65 | $2.64 | ||
| Q3 24 | $0.97 | $1.43 | ||
| Q2 24 | $1.12 | $0.27 |
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 | — |
| Stockholders' EquityBook value | $7.4B | — |
| Total Assets | $109.0B | — |
| Debt / EquityLower = less leverage | 0.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $866.0M | ||
| Q3 25 | $3.5B | $526.0M | ||
| Q2 25 | $3.3B | $616.0M | ||
| Q1 25 | $4.5B | $631.0M | ||
| Q4 24 | $3.5B | $697.0M | ||
| Q3 24 | $5.0B | $536.0M | ||
| Q2 24 | $4.9B | $378.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $4.4B | ||
| Q3 25 | $4.4B | $4.1B | ||
| Q2 25 | $4.4B | $4.1B | ||
| Q1 25 | $4.4B | $4.2B | ||
| Q4 24 | $4.3B | $4.1B | ||
| Q3 24 | $4.2B | $4.1B | ||
| Q2 24 | $4.2B | $4.1B |
| Q1 26 | — | — | ||
| Q4 25 | $7.4B | $443.0M | ||
| Q3 25 | $8.4B | $347.0M | ||
| Q2 25 | $7.9B | $361.0M | ||
| Q1 25 | $7.9B | $436.0M | ||
| Q4 24 | $7.8B | $583.0M | ||
| Q3 24 | $8.1B | $415.0M | ||
| Q2 24 | $7.3B | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $109.0B | $5.9B | ||
| Q3 25 | $106.6B | $5.6B | ||
| Q2 25 | $102.3B | $5.7B | ||
| Q1 25 | $98.2B | $5.8B | ||
| Q4 24 | $95.4B | $5.9B | ||
| Q3 24 | $94.7B | $5.8B | ||
| Q2 24 | $88.8B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.59× | 9.84× | ||
| Q3 25 | 0.53× | 11.75× | ||
| Q2 25 | 0.56× | 11.30× | ||
| Q1 25 | 0.56× | 9.56× | ||
| Q4 24 | 0.56× | 7.02× | ||
| Q3 24 | 0.52× | 9.86× | ||
| Q2 24 | 0.58× | 12.08× |
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 | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $98.0M | ||
| Q3 25 | $1.3B | $-36.0M | ||
| Q2 25 | $1.9B | $122.0M | ||
| Q1 25 | $1.1B | $5.0M | ||
| Q4 24 | $1.5B | $198.0M | ||
| Q3 24 | $2.4B | $210.0M | ||
| Q2 24 | $1.4B | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $79.0M | ||
| Q3 25 | — | $-58.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $-11.0M | ||
| Q4 24 | — | $175.0M | ||
| Q3 24 | — | $193.0M | ||
| Q2 24 | — | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | -7.5% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | -1.4% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | -39.7% |
| Q1 26 | — | 1.7% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.90× | ||
| Q3 25 | 3.66× | — | ||
| Q2 25 | 6.82× | — | ||
| Q1 25 | 13.43× | — | ||
| Q4 24 | 3.32× | 1.13× | ||
| Q3 24 | 8.89× | 2.23× | ||
| Q2 24 | 4.45× | -18.00× |
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% |
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
