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Side-by-side financial comparison of Fidelity National Financial, Inc. (FNF) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
WillScot Holdings Corp is the larger business by last-quarter revenue ($566.0M vs $544.0M, roughly 1.0× Fidelity National Financial, Inc.). Fidelity National Financial, Inc. runs the higher net margin — -21.5% vs -33.1%, a 11.6% gap on every dollar of revenue. On growth, Fidelity National Financial, Inc. posted the faster year-over-year revenue change (10.3% vs -6.1%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% CAGR vs -1.8%).
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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
FNF vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $544.0M | $566.0M |
| Net Profit | $-117.0M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 82.9% | -32.5% |
| Net Margin | -21.5% | -33.1% |
| Revenue YoY | 10.3% | -6.1% |
| Net Profit YoY | -126.0% | -310.0% |
| EPS (diluted) | $-0.44 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $553.0M | $566.8M | ||
| Q2 25 | $547.0M | $589.1M | ||
| Q1 25 | $455.0M | $559.6M | ||
| Q4 24 | $493.0M | $602.5M | ||
| Q3 24 | $506.0M | $601.4M | ||
| Q2 24 | $504.0M | $604.6M | ||
| Q1 24 | $421.0M | $587.2M |
| Q4 25 | $-117.0M | $-187.3M | ||
| Q3 25 | $358.0M | $43.3M | ||
| Q2 25 | $278.0M | $47.9M | ||
| Q1 25 | $83.0M | $43.1M | ||
| Q4 24 | $450.0M | $89.2M | ||
| Q3 24 | $266.0M | $-70.5M | ||
| Q2 24 | $306.0M | $-46.9M | ||
| Q1 24 | $248.0M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
| Q4 25 | 82.9% | -32.5% | ||
| Q3 25 | 81.9% | 21.0% | ||
| Q2 25 | 69.8% | 21.5% | ||
| Q1 25 | 24.4% | 21.3% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | 61.9% | -5.9% | ||
| Q2 24 | 90.9% | -0.9% | ||
| Q1 24 | 78.6% | 22.1% |
| Q4 25 | -21.5% | -33.1% | ||
| Q3 25 | 64.7% | 7.6% | ||
| Q2 25 | 50.8% | 8.1% | ||
| Q1 25 | 18.2% | 7.7% | ||
| Q4 24 | 91.3% | 14.8% | ||
| Q3 24 | 52.6% | -11.7% | ||
| Q2 24 | 60.7% | -7.7% | ||
| Q1 24 | 58.9% | 9.6% |
| Q4 25 | $-0.44 | $-1.02 | ||
| Q3 25 | $1.33 | $0.24 | ||
| Q2 25 | $1.02 | $0.26 | ||
| Q1 25 | $0.30 | $0.23 | ||
| Q4 24 | $1.65 | $0.48 | ||
| Q3 24 | $0.97 | $-0.37 | ||
| Q2 24 | $1.12 | $-0.25 | ||
| Q1 24 | $0.91 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $4.4B | $3.6B |
| Stockholders' EquityBook value | $7.4B | $856.3M |
| Total Assets | $109.0B | $5.8B |
| Debt / EquityLower = less leverage | 0.59× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | $14.6M | ||
| Q3 25 | $3.5B | $14.8M | ||
| Q2 25 | $3.3B | $12.8M | ||
| Q1 25 | $4.5B | $10.7M | ||
| Q4 24 | $3.5B | $9.0M | ||
| Q3 24 | $5.0B | $11.0M | ||
| Q2 24 | $4.9B | $5.9M | ||
| Q1 24 | $3.5B | $13.1M |
| Q4 25 | $4.4B | $3.6B | ||
| Q3 25 | $4.4B | $3.6B | ||
| Q2 25 | $4.4B | $3.7B | ||
| Q1 25 | $4.4B | $3.6B | ||
| Q4 24 | $4.3B | $3.7B | ||
| Q3 24 | $4.2B | $3.6B | ||
| Q2 24 | $4.2B | $3.5B | ||
| Q1 24 | $3.9B | $3.5B |
| Q4 25 | $7.4B | $856.3M | ||
| Q3 25 | $8.4B | $1.1B | ||
| Q2 25 | $7.9B | $1.0B | ||
| Q1 25 | $7.9B | $1.0B | ||
| Q4 24 | $7.8B | $1.0B | ||
| Q3 24 | $8.1B | $1.1B | ||
| Q2 24 | $7.3B | $1.2B | ||
| Q1 24 | $7.1B | $1.3B |
| Q4 25 | $109.0B | $5.8B | ||
| Q3 25 | $106.6B | $6.1B | ||
| Q2 25 | $102.3B | $6.1B | ||
| Q1 25 | $98.2B | $6.0B | ||
| Q4 24 | $95.4B | $6.0B | ||
| Q3 24 | $94.7B | $6.0B | ||
| Q2 24 | $88.8B | $6.0B | ||
| Q1 24 | $84.5B | $6.2B |
| Q4 25 | 0.59× | 4.15× | ||
| Q3 25 | 0.53× | 3.39× | ||
| Q2 25 | 0.56× | 3.55× | ||
| Q1 25 | 0.56× | 3.56× | ||
| Q4 24 | 0.56× | 3.62× | ||
| Q3 24 | 0.52× | 3.42× | ||
| Q2 24 | 0.58× | 2.88× | ||
| Q1 24 | 0.55× | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | — | $149.7M |
| FCF MarginFCF / Revenue | — | 26.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $158.9M | ||
| Q3 25 | $1.3B | $191.2M | ||
| Q2 25 | $1.9B | $205.3M | ||
| Q1 25 | $1.1B | $206.6M | ||
| Q4 24 | $1.5B | $178.9M | ||
| Q3 24 | $2.4B | $-1.6M | ||
| Q2 24 | $1.4B | $175.6M | ||
| Q1 24 | $1.6B | $208.7M |
| Q4 25 | — | $149.7M | ||
| Q3 25 | — | $186.9M | ||
| Q2 25 | — | $199.0M | ||
| Q1 25 | — | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $-4.9M | ||
| Q2 24 | — | $169.4M | ||
| Q1 24 | — | $202.1M |
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | 28.0% | ||
| Q1 24 | — | 34.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | 3.66× | 4.41× | ||
| Q2 25 | 6.82× | 4.28× | ||
| Q1 25 | 13.43× | 4.80× | ||
| Q4 24 | 3.32× | 2.01× | ||
| Q3 24 | 8.89× | — | ||
| Q2 24 | 4.45× | — | ||
| Q1 24 | 6.42× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
