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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and Seadrill Ltd (SDRL). 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 $273.0M, roughly 2.0× Seadrill Ltd). Seadrill Ltd runs the higher net margin — -3.7% vs -21.5%, a 17.8% gap on every dollar of revenue. Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs -8.9%).

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.

Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments. It provides a contract-based service and primarily serves the oil super-majors, integrated oil and gas, state-owned national oil, and independent oil and gas companies.

FNF vs SDRL — Head-to-Head

Bigger by revenue
FNF
FNF
2.0× larger
FNF
$544.0M
$273.0M
SDRL
Higher net margin
SDRL
SDRL
17.8% more per $
SDRL
-3.7%
-21.5%
FNF
Faster 2-yr revenue CAGR
FNF
FNF
Annualised
FNF
13.7%
-8.9%
SDRL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FNF
FNF
SDRL
SDRL
Revenue
$544.0M
$273.0M
Net Profit
$-117.0M
$-10.0M
Gross Margin
Operating Margin
82.9%
-1.1%
Net Margin
-21.5%
-3.7%
Revenue YoY
10.3%
Net Profit YoY
-126.0%
EPS (diluted)
$-0.44

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.

Revenue
FNF
FNF
SDRL
SDRL
Q4 25
$544.0M
$273.0M
Q3 25
$553.0M
$280.0M
Q2 25
$547.0M
$288.0M
Q1 25
$455.0M
$248.0M
Q4 24
$493.0M
Q3 24
$506.0M
$263.0M
Q2 24
$504.0M
$267.0M
Q1 24
$421.0M
$275.0M
Net Profit
FNF
FNF
SDRL
SDRL
Q4 25
$-117.0M
$-10.0M
Q3 25
$358.0M
$-11.0M
Q2 25
$278.0M
$-42.0M
Q1 25
$83.0M
$-14.0M
Q4 24
$450.0M
Q3 24
$266.0M
$32.0M
Q2 24
$306.0M
$253.0M
Q1 24
$248.0M
$60.0M
Operating Margin
FNF
FNF
SDRL
SDRL
Q4 25
82.9%
-1.1%
Q3 25
81.9%
9.3%
Q2 25
69.8%
2.1%
Q1 25
24.4%
7.3%
Q4 24
Q3 24
61.9%
17.9%
Q2 24
90.9%
Q1 24
78.6%
29.1%
Net Margin
FNF
FNF
SDRL
SDRL
Q4 25
-21.5%
-3.7%
Q3 25
64.7%
-3.9%
Q2 25
50.8%
-14.6%
Q1 25
18.2%
-5.6%
Q4 24
91.3%
Q3 24
52.6%
12.2%
Q2 24
60.7%
94.8%
Q1 24
58.9%
21.8%
EPS (diluted)
FNF
FNF
SDRL
SDRL
Q4 25
$-0.44
Q3 25
$1.33
$-0.17
Q2 25
$1.02
$-0.68
Q1 25
$0.30
$-0.23
Q4 24
$1.65
Q3 24
$0.97
$0.49
Q2 24
$1.12
$3.49
Q1 24
$0.91
$0.81

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FNF
FNF
SDRL
SDRL
Cash + ST InvestmentsLiquidity on hand
$2.6B
$339.0M
Total DebtLower is stronger
$4.4B
$613.0M
Stockholders' EquityBook value
$7.4B
$2.9B
Total Assets
$109.0B
$3.9B
Debt / EquityLower = less leverage
0.59×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNF
FNF
SDRL
SDRL
Q4 25
$2.6B
$339.0M
Q3 25
$3.5B
$402.0M
Q2 25
$3.3B
$393.0M
Q1 25
$4.5B
$404.0M
Q4 24
$3.5B
Q3 24
$5.0B
Q2 24
$4.9B
$835.0M
Q1 24
$3.5B
Total Debt
FNF
FNF
SDRL
SDRL
Q4 25
$4.4B
$613.0M
Q3 25
$4.4B
$612.0M
Q2 25
$4.4B
$612.0M
Q1 25
$4.4B
$611.0M
Q4 24
$4.3B
Q3 24
$4.2B
Q2 24
$4.2B
$609.0M
Q1 24
$3.9B
Stockholders' Equity
FNF
FNF
SDRL
SDRL
Q4 25
$7.4B
$2.9B
Q3 25
$8.4B
$2.9B
Q2 25
$7.9B
$2.9B
Q1 25
$7.9B
$2.9B
Q4 24
$7.8B
Q3 24
$8.1B
$2.9B
Q2 24
$7.3B
$3.1B
Q1 24
$7.1B
$2.9B
Total Assets
FNF
FNF
SDRL
SDRL
Q4 25
$109.0B
$3.9B
Q3 25
$106.6B
$4.1B
Q2 25
$102.3B
$4.1B
Q1 25
$98.2B
$4.1B
Q4 24
$95.4B
Q3 24
$94.7B
Q2 24
$88.8B
$4.3B
Q1 24
$84.5B
Debt / Equity
FNF
FNF
SDRL
SDRL
Q4 25
0.59×
0.21×
Q3 25
0.53×
0.21×
Q2 25
0.56×
0.21×
Q1 25
0.56×
0.21×
Q4 24
0.56×
Q3 24
0.52×
Q2 24
0.58×
0.20×
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
FNF
FNF
SDRL
SDRL
Operating Cash FlowLast quarter
$1.5B
$-40.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNF
FNF
SDRL
SDRL
Q4 25
$1.5B
$-40.0M
Q3 25
$1.3B
$28.0M
Q2 25
$1.9B
$11.0M
Q1 25
$1.1B
$-27.0M
Q4 24
$1.5B
Q3 24
$2.4B
$-27.0M
Q2 24
$1.4B
$79.0M
Q1 24
$1.6B
$29.0M
Cash Conversion
FNF
FNF
SDRL
SDRL
Q4 25
Q3 25
3.66×
Q2 25
6.82×
Q1 25
13.43×
Q4 24
3.32×
Q3 24
8.89×
-0.84×
Q2 24
4.45×
0.31×
Q1 24
6.42×
0.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FNF
FNF

Escrow Fees$241.0M44%
Other Title Related Fees And Income$182.0M33%
Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees$87.0M16%
Insurance Contracts Home Warranty$31.0M6%

SDRL
SDRL

Segment breakdown not available.

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