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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.
TRINITY INDUSTRIES INC is the larger business by last-quarter revenue ($611.2M vs $544.0M, roughly 1.1× Fidelity National Financial, Inc.). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs -21.5%, a 53.3% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs -2.9%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs -13.1%).
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.
Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.
FNF vs TRN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $611.2M |
| Net Profit | $-117.0M | $194.2M |
| Gross Margin | — | 25.5% |
| Operating Margin | 82.9% | 54.9% |
| Net Margin | -21.5% | 31.8% |
| Revenue YoY | 10.3% | -2.9% |
| Net Profit YoY | -126.0% | 413.8% |
| EPS (diluted) | $-0.44 | $2.25 |
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 | $611.2M | ||
| Q3 25 | $553.0M | $454.1M | ||
| Q2 25 | $547.0M | $506.2M | ||
| Q1 25 | $455.0M | $585.4M | ||
| Q4 24 | $493.0M | $629.4M | ||
| Q3 24 | $506.0M | $798.8M | ||
| Q2 24 | $504.0M | $841.4M | ||
| Q1 24 | $421.0M | $809.6M |
| Q4 25 | $-117.0M | $194.2M | ||
| Q3 25 | $358.0M | $30.3M | ||
| Q2 25 | $278.0M | $14.1M | ||
| Q1 25 | $83.0M | $22.1M | ||
| Q4 24 | $450.0M | $37.8M | ||
| Q3 24 | $266.0M | $31.4M | ||
| Q2 24 | $306.0M | $54.4M | ||
| Q1 24 | $248.0M | $23.7M |
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 31.1% | ||
| Q2 25 | — | 26.4% | ||
| Q1 25 | — | 24.3% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 20.3% |
| Q4 25 | 82.9% | 54.9% | ||
| Q3 25 | 81.9% | 26.1% | ||
| Q2 25 | 69.8% | 18.8% | ||
| Q1 25 | 24.4% | 17.0% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | 61.9% | 15.3% | ||
| Q2 24 | 90.9% | 16.9% | ||
| Q1 24 | 78.6% | 14.2% |
| Q4 25 | -21.5% | 31.8% | ||
| Q3 25 | 64.7% | 6.7% | ||
| Q2 25 | 50.8% | 2.8% | ||
| Q1 25 | 18.2% | 3.8% | ||
| Q4 24 | 91.3% | 6.0% | ||
| Q3 24 | 52.6% | 3.9% | ||
| Q2 24 | 60.7% | 6.5% | ||
| Q1 24 | 58.9% | 2.9% |
| Q4 25 | $-0.44 | $2.25 | ||
| Q3 25 | $1.33 | $0.37 | ||
| Q2 25 | $1.02 | $0.17 | ||
| Q1 25 | $0.30 | $0.26 | ||
| Q4 24 | $1.65 | $0.34 | ||
| Q3 24 | $0.97 | $0.37 | ||
| Q2 24 | $1.12 | $0.65 | ||
| Q1 24 | $0.91 | $0.28 |
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 | $201.3M |
| Total DebtLower is stronger | $4.4B | — |
| Stockholders' EquityBook value | $7.4B | $1.1B |
| Total Assets | $109.0B | $8.4B |
| Debt / EquityLower = less leverage | 0.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | $201.3M | ||
| Q3 25 | $3.5B | $66.3M | ||
| Q2 25 | $3.3B | $147.7M | ||
| Q1 25 | $4.5B | $94.9M | ||
| Q4 24 | $3.5B | $228.2M | ||
| Q3 24 | $5.0B | $222.4M | ||
| Q2 24 | $4.9B | $257.1M | ||
| Q1 24 | $3.5B | $118.8M |
| 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 | $1.1B | ||
| Q3 25 | $8.4B | $1.0B | ||
| Q2 25 | $7.9B | $1.0B | ||
| Q1 25 | $7.9B | $1.1B | ||
| Q4 24 | $7.8B | $1.1B | ||
| Q3 24 | $8.1B | $1.1B | ||
| Q2 24 | $7.3B | $1.1B | ||
| Q1 24 | $7.1B | $1.0B |
| Q4 25 | $109.0B | $8.4B | ||
| Q3 25 | $106.6B | $8.9B | ||
| Q2 25 | $102.3B | $8.8B | ||
| Q1 25 | $98.2B | $8.7B | ||
| Q4 24 | $95.4B | $8.8B | ||
| Q3 24 | $94.7B | $8.8B | ||
| Q2 24 | $88.8B | $9.0B | ||
| Q1 24 | $84.5B | $9.1B |
| 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 | $177.4M |
| Free Cash FlowOCF − Capex | — | $158.6M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | — | 0.91× |
| TTM Free Cash FlowTrailing 4 quarters | — | $314.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $177.4M | ||
| Q3 25 | $1.3B | $44.2M | ||
| Q2 25 | $1.9B | $61.6M | ||
| Q1 25 | $1.1B | $76.5M | ||
| Q4 24 | $1.5B | $201.6M | ||
| Q3 24 | $2.4B | $78.5M | ||
| Q2 24 | $1.4B | $241.5M | ||
| Q1 24 | $1.6B | $52.2M |
| Q4 25 | — | $158.6M | ||
| Q3 25 | — | $35.3M | ||
| Q2 25 | — | $52.9M | ||
| Q1 25 | — | $67.3M | ||
| Q4 24 | — | $180.1M | ||
| Q3 24 | — | $62.1M | ||
| Q2 24 | — | $230.2M | ||
| Q1 24 | — | $47.6M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | — | 28.6% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | 0.91× | ||
| Q3 25 | 3.66× | 1.46× | ||
| Q2 25 | 6.82× | 4.37× | ||
| Q1 25 | 13.43× | 3.46× | ||
| Q4 24 | 3.32× | 5.33× | ||
| Q3 24 | 8.89× | 2.50× | ||
| Q2 24 | 4.45× | 4.44× | ||
| Q1 24 | 6.42× | 2.20× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
