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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and UDR, Inc. (UDR). 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 $425.8M, roughly 1.3× UDR, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs -21.5%, a 66.1% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs 0.9%). 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.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
FNF vs UDR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $425.8M |
| Net Profit | $-117.0M | $189.8M |
| Gross Margin | — | — |
| Operating Margin | 82.9% | 54.0% |
| Net Margin | -21.5% | 44.6% |
| Revenue YoY | 10.3% | 0.9% |
| Net Profit YoY | -126.0% | 147.2% |
| EPS (diluted) | $-0.44 | $0.63 |
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 | — | $425.8M | ||
| Q4 25 | $544.0M | $433.1M | ||
| Q3 25 | $553.0M | $431.9M | ||
| Q2 25 | $547.0M | $425.4M | ||
| Q1 25 | $455.0M | $421.9M | ||
| Q4 24 | $493.0M | $422.7M | ||
| Q3 24 | $506.0M | $420.2M | ||
| Q2 24 | $504.0M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | $-117.0M | $222.9M | ||
| Q3 25 | $358.0M | $40.4M | ||
| Q2 25 | $278.0M | $37.7M | ||
| Q1 25 | $83.0M | $76.7M | ||
| Q4 24 | $450.0M | $-5.0M | ||
| Q3 24 | $266.0M | $22.6M | ||
| Q2 24 | $306.0M | $28.9M |
| Q1 26 | — | 54.0% | ||
| Q4 25 | 82.9% | 64.1% | ||
| Q3 25 | 81.9% | 17.7% | ||
| Q2 25 | 69.8% | 18.2% | ||
| Q1 25 | 24.4% | 29.0% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | 61.9% | 16.6% | ||
| Q2 24 | 90.9% | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | -21.5% | 51.5% | ||
| Q3 25 | 64.7% | 9.4% | ||
| Q2 25 | 50.8% | 8.9% | ||
| Q1 25 | 18.2% | 18.2% | ||
| Q4 24 | 91.3% | -220.5% | ||
| Q3 24 | 52.6% | 5.4% | ||
| Q2 24 | 60.7% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | $-0.44 | $0.67 | ||
| Q3 25 | $1.33 | $0.12 | ||
| Q2 25 | $1.02 | $0.11 | ||
| Q1 25 | $0.30 | $0.23 | ||
| Q4 24 | $1.65 | $-0.01 | ||
| Q3 24 | $0.97 | $0.06 | ||
| Q2 24 | $1.12 | $0.08 |
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 | $1.3M |
| Total DebtLower is stronger | $4.4B | — |
| Stockholders' EquityBook value | $7.4B | $3.3B |
| Total Assets | $109.0B | $10.3B |
| Debt / EquityLower = less leverage | 0.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | $2.6B | $1.2M | ||
| Q3 25 | $3.5B | $1.2M | ||
| Q2 25 | $3.3B | $1.5M | ||
| Q1 25 | $4.5B | $1.3M | ||
| Q4 24 | $3.5B | $1.3M | ||
| Q3 24 | $5.0B | $2.3M | ||
| Q2 24 | $4.9B | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $5.8B | ||
| Q3 25 | $4.4B | $5.8B | ||
| Q2 25 | $4.4B | $5.8B | ||
| Q1 25 | $4.4B | $5.8B | ||
| Q4 24 | $4.3B | $5.8B | ||
| Q3 24 | $4.2B | $5.9B | ||
| Q2 24 | $4.2B | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $7.4B | $3.3B | ||
| Q3 25 | $8.4B | $3.3B | ||
| Q2 25 | $7.9B | $3.3B | ||
| Q1 25 | $7.9B | $3.3B | ||
| Q4 24 | $7.8B | $3.4B | ||
| Q3 24 | $8.1B | $3.5B | ||
| Q2 24 | $7.3B | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $109.0B | $10.6B | ||
| Q3 25 | $106.6B | $10.6B | ||
| Q2 25 | $102.3B | $10.6B | ||
| Q1 25 | $98.2B | $10.7B | ||
| Q4 24 | $95.4B | $10.9B | ||
| Q3 24 | $94.7B | $11.1B | ||
| Q2 24 | $88.8B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.59× | 1.77× | ||
| Q3 25 | 0.53× | 1.78× | ||
| Q2 25 | 0.56× | 1.74× | ||
| Q1 25 | 0.56× | 1.74× | ||
| Q4 24 | 0.56× | 1.69× | ||
| Q3 24 | 0.52× | 1.67× | ||
| Q2 24 | 0.58× | 1.55× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $902.9M | ||
| Q3 25 | $1.3B | $234.9M | ||
| Q2 25 | $1.9B | $250.3M | ||
| Q1 25 | $1.1B | $156.2M | ||
| Q4 24 | $1.5B | $876.8M | ||
| Q3 24 | $2.4B | $230.3M | ||
| Q2 24 | $1.4B | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $650.0M | ||
| Q3 25 | — | $164.6M | ||
| Q2 25 | — | $190.1M | ||
| Q1 25 | — | $103.2M | ||
| Q4 24 | — | $627.0M | ||
| Q3 24 | — | $161.3M | ||
| Q2 24 | — | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 150.1% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 148.3% | ||
| Q3 24 | — | 38.4% | ||
| Q2 24 | — | 41.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | — | 58.4% | ||
| Q3 25 | — | 16.3% | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | 12.6% | ||
| Q4 24 | — | 59.1% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.05× | ||
| Q3 25 | 3.66× | 5.81× | ||
| Q2 25 | 6.82× | 6.64× | ||
| Q1 25 | 13.43× | 2.04× | ||
| Q4 24 | 3.32× | — | ||
| Q3 24 | 8.89× | 10.19× | ||
| Q2 24 | 4.45× | 8.26× |
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% |
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
