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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and SM Energy Co (SM). Click either name above to swap in a different company.
SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $544.0M, roughly 1.3× Fidelity National Financial, Inc.). On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs -17.3%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 12.2%).
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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
FNF vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $704.9M |
| Net Profit | $-117.0M | — |
| Gross Margin | — | — |
| Operating Margin | 82.9% | 25.9% |
| Net Margin | -21.5% | — |
| Revenue YoY | 10.3% | -17.3% |
| Net Profit YoY | -126.0% | — |
| EPS (diluted) | $-0.44 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $553.0M | $811.6M | ||
| Q2 25 | $547.0M | $792.9M | ||
| Q1 25 | $455.0M | $844.5M | ||
| Q4 24 | $493.0M | $852.0M | ||
| Q3 24 | $506.0M | $643.6M | ||
| Q2 24 | $504.0M | $634.6M | ||
| Q1 24 | $421.0M | $559.9M |
| Q4 25 | $-117.0M | — | ||
| Q3 25 | $358.0M | $155.1M | ||
| Q2 25 | $278.0M | $201.7M | ||
| Q1 25 | $83.0M | $182.3M | ||
| Q4 24 | $450.0M | — | ||
| Q3 24 | $266.0M | $240.5M | ||
| Q2 24 | $306.0M | $210.3M | ||
| Q1 24 | $248.0M | $131.2M |
| Q4 25 | 82.9% | 25.9% | ||
| Q3 25 | 81.9% | 30.4% | ||
| Q2 25 | 69.8% | 37.2% | ||
| Q1 25 | 24.4% | 32.7% | ||
| Q4 24 | — | 33.7% | ||
| Q3 24 | 61.9% | 51.4% | ||
| Q2 24 | 90.9% | 44.0% | ||
| Q1 24 | 78.6% | 31.9% |
| Q4 25 | -21.5% | — | ||
| Q3 25 | 64.7% | 19.1% | ||
| Q2 25 | 50.8% | 25.4% | ||
| Q1 25 | 18.2% | 21.6% | ||
| Q4 24 | 91.3% | — | ||
| Q3 24 | 52.6% | 37.4% | ||
| Q2 24 | 60.7% | 33.1% | ||
| Q1 24 | 58.9% | 23.4% |
| Q4 25 | $-0.44 | $0.94 | ||
| Q3 25 | $1.33 | $1.35 | ||
| Q2 25 | $1.02 | $1.76 | ||
| Q1 25 | $0.30 | $1.59 | ||
| Q4 24 | $1.65 | $1.63 | ||
| Q3 24 | $0.97 | $2.09 | ||
| Q2 24 | $1.12 | $1.82 | ||
| Q1 24 | $0.91 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | $4.4B | — |
| Stockholders' EquityBook value | $7.4B | $4.8B |
| Total Assets | $109.0B | $9.3B |
| Debt / EquityLower = less leverage | 0.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | $368.0M | ||
| Q3 25 | $3.5B | $162.3M | ||
| Q2 25 | $3.3B | $101.9M | ||
| Q1 25 | $4.5B | $54.0K | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $5.0B | $1.7B | ||
| Q2 24 | $4.9B | $487.9M | ||
| Q1 24 | $3.5B | $506.3M |
| 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 | $4.8B | ||
| Q3 25 | $8.4B | $4.7B | ||
| Q2 25 | $7.9B | $4.6B | ||
| Q1 25 | $7.9B | $4.4B | ||
| Q4 24 | $7.8B | $4.2B | ||
| Q3 24 | $8.1B | $4.1B | ||
| Q2 24 | $7.3B | $3.8B | ||
| Q1 24 | $7.1B | $3.7B |
| Q4 25 | $109.0B | $9.3B | ||
| Q3 25 | $106.6B | $9.1B | ||
| Q2 25 | $102.3B | $9.0B | ||
| Q1 25 | $98.2B | $8.8B | ||
| Q4 24 | $95.4B | $8.6B | ||
| Q3 24 | $94.7B | $8.0B | ||
| Q2 24 | $88.8B | $6.7B | ||
| Q1 24 | $84.5B | $6.4B |
| 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 | $451.9M |
| 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.
| Q4 25 | $1.5B | $451.9M | ||
| Q3 25 | $1.3B | $505.0M | ||
| Q2 25 | $1.9B | $571.1M | ||
| Q1 25 | $1.1B | $483.0M | ||
| Q4 24 | $1.5B | $578.4M | ||
| Q3 24 | $2.4B | $452.3M | ||
| Q2 24 | $1.4B | $476.4M | ||
| Q1 24 | $1.6B | $276.0M |
| Q4 25 | — | — | ||
| Q3 25 | 3.66× | 3.26× | ||
| Q2 25 | 6.82× | 2.83× | ||
| Q1 25 | 13.43× | 2.65× | ||
| Q4 24 | 3.32× | — | ||
| Q3 24 | 8.89× | 1.88× | ||
| Q2 24 | 4.45× | 2.27× | ||
| Q1 24 | 6.42× | 2.10× |
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% |
SM
Segment breakdown not available.
