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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.
Frontier Group Holdings, Inc. is the larger business by last-quarter revenue ($997.0M vs $544.0M, roughly 1.8× Fidelity National Financial, Inc.). Frontier Group Holdings, Inc. runs the higher net margin — 5.3% vs -21.5%, a 26.8% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs -0.5%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs 7.4%).
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.
Frontier Communications Parent, Inc. is an American telecommunications company with a fiber-optic network and cloud-based services owned by Verizon. It was previously known as Citizens Utilities Co., Citizens Communications Co., and Frontier Communications Corp.
FNF vs ULCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $997.0M |
| Net Profit | $-117.0M | $53.0M |
| Gross Margin | — | — |
| Operating Margin | 82.9% | 4.9% |
| Net Margin | -21.5% | 5.3% |
| Revenue YoY | 10.3% | -0.5% |
| Net Profit YoY | -126.0% | -1.9% |
| EPS (diluted) | $-0.44 | $0.24 |
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 | $997.0M | ||
| Q3 25 | $553.0M | $886.0M | ||
| Q2 25 | $547.0M | $929.0M | ||
| Q1 25 | $455.0M | $912.0M | ||
| Q4 24 | $493.0M | $1.0B | ||
| Q3 24 | $506.0M | $935.0M | ||
| Q2 24 | $504.0M | $973.0M | ||
| Q1 24 | $421.0M | $865.0M |
| Q4 25 | $-117.0M | $53.0M | ||
| Q3 25 | $358.0M | $-77.0M | ||
| Q2 25 | $278.0M | $-70.0M | ||
| Q1 25 | $83.0M | $-43.0M | ||
| Q4 24 | $450.0M | $54.0M | ||
| Q3 24 | $266.0M | $26.0M | ||
| Q2 24 | $306.0M | $31.0M | ||
| Q1 24 | $248.0M | $-26.0M |
| Q4 25 | 82.9% | 4.9% | ||
| Q3 25 | 81.9% | -8.7% | ||
| Q2 25 | 69.8% | -8.1% | ||
| Q1 25 | 24.4% | -5.0% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | 61.9% | 2.0% | ||
| Q2 24 | 90.9% | 2.6% | ||
| Q1 24 | 78.6% | -3.6% |
| Q4 25 | -21.5% | 5.3% | ||
| Q3 25 | 64.7% | -8.7% | ||
| Q2 25 | 50.8% | -7.5% | ||
| Q1 25 | 18.2% | -4.7% | ||
| Q4 24 | 91.3% | 5.4% | ||
| Q3 24 | 52.6% | 2.8% | ||
| Q2 24 | 60.7% | 3.2% | ||
| Q1 24 | 58.9% | -3.0% |
| Q4 25 | $-0.44 | $0.24 | ||
| Q3 25 | $1.33 | $-0.34 | ||
| Q2 25 | $1.02 | $-0.31 | ||
| Q1 25 | $0.30 | $-0.19 | ||
| Q4 24 | $1.65 | $0.24 | ||
| Q3 24 | $0.97 | $0.11 | ||
| Q2 24 | $1.12 | $0.14 | ||
| Q1 24 | $0.91 | $-0.12 |
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 | $671.0M |
| Total DebtLower is stronger | $4.4B | $620.0M |
| Stockholders' EquityBook value | $7.4B | $491.0M |
| Total Assets | $109.0B | $7.2B |
| Debt / EquityLower = less leverage | 0.59× | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | $671.0M | ||
| Q3 25 | $3.5B | $566.0M | ||
| Q2 25 | $3.3B | $563.0M | ||
| Q1 25 | $4.5B | $686.0M | ||
| Q4 24 | $3.5B | $740.0M | ||
| Q3 24 | $5.0B | $576.0M | ||
| Q2 24 | $4.9B | $658.0M | ||
| Q1 24 | $3.5B | $622.0M |
| Q4 25 | $4.4B | $620.0M | ||
| Q3 25 | $4.4B | $673.0M | ||
| Q2 25 | $4.4B | $565.0M | ||
| Q1 25 | $4.4B | $512.0M | ||
| Q4 24 | $4.3B | $507.0M | ||
| Q3 24 | $4.2B | $474.0M | ||
| Q2 24 | $4.2B | $455.0M | ||
| Q1 24 | $3.9B | $469.0M |
| Q4 25 | $7.4B | $491.0M | ||
| Q3 25 | $8.4B | $434.0M | ||
| Q2 25 | $7.9B | $506.0M | ||
| Q1 25 | $7.9B | $570.0M | ||
| Q4 24 | $7.8B | $604.0M | ||
| Q3 24 | $8.1B | $549.0M | ||
| Q2 24 | $7.3B | $520.0M | ||
| Q1 24 | $7.1B | $484.0M |
| Q4 25 | $109.0B | $7.2B | ||
| Q3 25 | $106.6B | $6.7B | ||
| Q2 25 | $102.3B | $6.5B | ||
| Q1 25 | $98.2B | $6.5B | ||
| Q4 24 | $95.4B | $6.2B | ||
| Q3 24 | $94.7B | $5.8B | ||
| Q2 24 | $88.8B | $5.7B | ||
| Q1 24 | $84.5B | $5.2B |
| Q4 25 | 0.59× | 1.26× | ||
| Q3 25 | 0.53× | 1.55× | ||
| Q2 25 | 0.56× | 1.12× | ||
| Q1 25 | 0.56× | 0.90× | ||
| Q4 24 | 0.56× | 0.84× | ||
| Q3 24 | 0.52× | 0.86× | ||
| Q2 24 | 0.58× | 0.88× | ||
| Q1 24 | 0.55× | 0.97× |
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 | $-91.0M |
| Free Cash FlowOCF − Capex | — | $-113.0M |
| FCF MarginFCF / Revenue | — | -11.3% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | — | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $-91.0M | ||
| Q3 25 | $1.3B | $-215.0M | ||
| Q2 25 | $1.9B | $-133.0M | ||
| Q1 25 | $1.1B | $-86.0M | ||
| Q4 24 | $1.5B | $87.0M | ||
| Q3 24 | $2.4B | $-156.0M | ||
| Q2 24 | $1.4B | $9.0M | ||
| Q1 24 | $1.6B | $-22.0M |
| Q4 25 | — | $-113.0M | ||
| Q3 25 | — | $-217.0M | ||
| Q2 25 | — | $-166.0M | ||
| Q1 25 | — | $-104.0M | ||
| Q4 24 | — | $73.0M | ||
| Q3 24 | — | $-170.0M | ||
| Q2 24 | — | $-22.0M | ||
| Q1 24 | — | $-39.0M |
| Q4 25 | — | -11.3% | ||
| Q3 25 | — | -24.5% | ||
| Q2 25 | — | -17.9% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | -18.2% | ||
| Q2 24 | — | -2.3% | ||
| Q1 24 | — | -4.5% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | — | -1.72× | ||
| Q3 25 | 3.66× | — | ||
| Q2 25 | 6.82× | — | ||
| Q1 25 | 13.43× | — | ||
| Q4 24 | 3.32× | 1.61× | ||
| Q3 24 | 8.89× | -6.00× | ||
| Q2 24 | 4.45× | 0.29× | ||
| Q1 24 | 6.42× | — |
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% |
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
