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First American Financial Corp（FAF）与STEWART INFORMATION SERVICES CORP（STC）财务数据对比。点击上方公司名可切换其他公司
First American Financial Corp的季度营收约是STEWART INFORMATION SERVICES CORP的2.7倍（$2.0B vs $764.6M）。First American Financial Corp净利率更高（10.3% vs 2.2%，领先8.1%）。STEWART INFORMATION SERVICES CORP同比增速更快（27.7% vs 21.6%）。过去两年First American Financial Corp的营收复合增速更高（19.9% vs 12.7%）
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
斯图尔特信息服务公司（STC）是一家主营房地产信息、产权保险及交易管理服务的企业，旗下全资子公司斯图尔特产权担保公司、斯图尔特产权公司通过直营网点、斯图尔特可信供应商网络内的独立代理机构及合作企业，为美国及全球市场提供相关产品与服务，总部位于得克萨斯州休斯敦，现有员工约6350人。
FAF vs STC — 直观对比
营收规模更大
FAF
是对方的2.7倍
$764.6M
营收增速更快
STC
高出6.0%
21.6%
净利率更高
FAF
高出8.1%
2.2%
两年增速更快
FAF
近两年复合增速
12.7%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $764.6M |
| 净利润 | $211.9M | $17.0M |
| 毛利率 | — | — |
| 营业利润率 | 14.0% | — |
| 净利率 | 10.3% | 2.2% |
| 营收同比 | 21.6% | 27.7% |
| 净利润同比 | 192.7% | 448.4% |
| 每股收益（稀释后） | $2.04 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FAFSTC
| Q1 26 | — | $764.6M | ||
| Q4 25 | $2.0B | $790.6M | ||
| Q3 25 | $2.0B | $796.9M | ||
| Q2 25 | $1.8B | $722.2M | ||
| Q1 25 | $1.6B | $612.0M | ||
| Q4 24 | $1.7B | $665.9M | ||
| Q3 24 | $1.4B | $667.9M | ||
| Q2 24 | $1.6B | $602.2M |
净利润FAFSTC
| Q1 26 | — | $17.0M | ||
| Q4 25 | $211.9M | $36.3M | ||
| Q3 25 | $189.6M | $44.3M | ||
| Q2 25 | $146.1M | $31.9M | ||
| Q1 25 | $74.2M | $3.1M | ||
| Q4 24 | $72.4M | $22.7M | ||
| Q3 24 | $-104.0M | $30.1M | ||
| Q2 24 | $116.0M | $17.3M |
营业利润率FAFSTC
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 6.5% | ||
| Q3 25 | 12.5% | 7.7% | ||
| Q2 25 | 10.6% | 6.5% | ||
| Q1 25 | 6.1% | 1.0% | ||
| Q4 24 | 5.9% | 5.3% | ||
| Q3 24 | -10.3% | 6.4% | ||
| Q2 24 | 9.4% | 4.8% |
净利率FAFSTC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 10.3% | 4.6% | ||
| Q3 25 | 9.6% | 5.6% | ||
| Q2 25 | 7.9% | 4.4% | ||
| Q1 25 | 4.7% | 0.5% | ||
| Q4 24 | 4.3% | 3.4% | ||
| Q3 24 | -7.4% | 4.5% | ||
| Q2 24 | 7.2% | 2.9% |
每股收益（稀释后）FAFSTC
| Q1 26 | — | — | ||
| Q4 25 | $2.04 | $1.26 | ||
| Q3 25 | $1.84 | $1.55 | ||
| Q2 25 | $1.41 | $1.13 | ||
| Q1 25 | $0.71 | $0.11 | ||
| Q4 24 | $0.70 | $0.81 | ||
| Q3 24 | $-1.00 | $1.07 | ||
| Q2 24 | $1.11 | $0.62 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.4B | $317.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.5B | — |
| 总资产 | $16.2B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FAFSTC
| Q1 26 | — | $317.5M | ||
| Q4 25 | $1.4B | $369.7M | ||
| Q3 25 | $2.9B | $233.2M | ||
| Q2 25 | $2.0B | $223.8M | ||
| Q1 25 | $2.0B | $194.2M | ||
| Q4 24 | $1.7B | $257.5M | ||
| Q3 24 | $3.0B | $228.7M | ||
| Q2 24 | $2.0B | $176.7M |
总债务FAFSTC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $445.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FAFSTC
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $1.6B | ||
| Q3 25 | $5.3B | $1.5B | ||
| Q2 25 | $5.1B | $1.4B | ||
| Q1 25 | $5.0B | $1.4B | ||
| Q4 24 | $4.9B | $1.4B | ||
| Q3 24 | $5.1B | $1.4B | ||
| Q2 24 | $4.8B | $1.4B |
总资产FAFSTC
| Q1 26 | — | — | ||
| Q4 25 | $16.2B | $3.3B | ||
| Q3 25 | $17.6B | $2.8B | ||
| Q2 25 | $16.3B | $2.8B | ||
| Q1 25 | $15.5B | $2.7B | ||
| Q4 24 | $14.9B | $2.7B | ||
| Q3 24 | $16.6B | $2.7B | ||
| Q2 24 | $15.2B | $2.6B |
负债/权益比FAFSTC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $369.3M | — |
| 自由现金流经营现金流 - 资本支出 | $324.5M | — |
| 自由现金流率自由现金流/营收 | 15.8% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 1.74× | — |
| 过去12个月自由现金流最近4个季度 | $762.5M | — |
8季度趋势，按日历期对齐
经营现金流FAFSTC
| Q1 26 | — | — | ||
| Q4 25 | $369.3M | $89.5M | ||
| Q3 25 | $272.5M | $92.6M | ||
| Q2 25 | $361.8M | $53.4M | ||
| Q1 25 | $-52.8M | $-29.9M | ||
| Q4 24 | $324.6M | $68.0M | ||
| Q3 24 | $236.9M | $76.1M | ||
| Q2 24 | $266.7M | $21.1M |
自由现金流FAFSTC
| Q1 26 | — | — | ||
| Q4 25 | $324.5M | $62.3M | ||
| Q3 25 | $223.1M | $73.6M | ||
| Q2 25 | $309.4M | $38.7M | ||
| Q1 25 | $-94.5M | $-42.2M | ||
| Q4 24 | $266.2M | $55.6M | ||
| Q3 24 | $185.4M | $67.4M | ||
| Q2 24 | $210.0M | $11.9M |
自由现金流率FAFSTC
| Q1 26 | — | — | ||
| Q4 25 | 15.8% | 7.9% | ||
| Q3 25 | 11.3% | 9.2% | ||
| Q2 25 | 16.8% | 5.4% | ||
| Q1 25 | -6.0% | -6.9% | ||
| Q4 24 | 15.8% | 8.4% | ||
| Q3 24 | 13.2% | 10.1% | ||
| Q2 24 | 13.0% | 2.0% |
资本支出强度FAFSTC
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 3.4% | ||
| Q3 25 | 2.5% | 2.4% | ||
| Q2 25 | 2.8% | 2.0% | ||
| Q1 25 | 2.6% | 2.0% | ||
| Q4 24 | 3.5% | 1.9% | ||
| Q3 24 | 3.7% | 1.3% | ||
| Q2 24 | 3.5% | 1.5% |
现金转化率FAFSTC
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 2.47× | ||
| Q3 25 | 1.44× | 2.09× | ||
| Q2 25 | 2.48× | 1.67× | ||
| Q1 25 | -0.71× | -9.73× | ||
| Q4 24 | 4.48× | 2.99× | ||
| Q3 24 | — | 2.53× | ||
| Q2 24 | 2.30× | 1.22× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
STC
| Agency title | $333.0M | 44% |
| Direct title | $270.2M | 35% |
| Real estate solutions | $161.4M | 21% |
