vs
Fidelity National Financial, Inc.（FNF）与IES Holdings, Inc.（IESC）财务数据对比。点击上方公司名可切换其他公司
IES Holdings, Inc.的季度营收约是Fidelity National Financial, Inc.的1.6倍（$871.0M vs $544.0M），IES Holdings, Inc.净利率更高（10.5% vs -21.5%，领先32.0%），IES Holdings, Inc.同比增速更快（16.2% vs 10.3%），过去两年Fidelity National Financial, Inc.的营收复合增速更高（13.7% vs 11.1%）
富达国民金融是美国财富500强企业，主要面向房地产与抵押贷款行业提供产权保险及交割服务，2019年其产权及房地产业务相关年度营收约为84.69亿美元，是全球领先的产权保险服务供应商。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
FNF vs IESC — 直观对比
营收规模更大
IESC
是对方的1.6倍
$544.0M
营收增速更快
IESC
高出5.9%
10.3%
净利率更高
IESC
高出32.0%
-21.5%
两年增速更快
FNF
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $544.0M | $871.0M |
| 净利润 | $-117.0M | $91.8M |
| 毛利率 | — | 25.3% |
| 营业利润率 | 82.9% | 11.2% |
| 净利率 | -21.5% | 10.5% |
| 营收同比 | 10.3% | 16.2% |
| 净利润同比 | -126.0% | 59.1% |
| 每股收益（稀释后） | $-0.44 | $4.51 |
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FNFIESC
| Q4 25 | $544.0M | $871.0M | ||
| Q3 25 | $553.0M | $897.8M | ||
| Q2 25 | $547.0M | $890.2M | ||
| Q1 25 | $455.0M | $834.0M | ||
| Q4 24 | $493.0M | $749.5M | ||
| Q3 24 | $506.0M | $775.8M | ||
| Q2 24 | $504.0M | $768.4M | ||
| Q1 24 | $421.0M | $705.7M |
净利润FNFIESC
| Q4 25 | $-117.0M | $91.8M | ||
| Q3 25 | $358.0M | $102.3M | ||
| Q2 25 | $278.0M | $79.3M | ||
| Q1 25 | $83.0M | $72.6M | ||
| Q4 24 | $450.0M | $57.7M | ||
| Q3 24 | $266.0M | $65.5M | ||
| Q2 24 | $306.0M | $66.6M | ||
| Q1 24 | $248.0M | $56.8M |
毛利率FNFIESC
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 26.0% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | — | 25.0% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 25.3% | ||
| Q1 24 | — | 24.3% |
营业利润率FNFIESC
| Q4 25 | 82.9% | 11.2% | ||
| Q3 25 | 81.9% | 11.6% | ||
| Q2 25 | 69.8% | 12.6% | ||
| Q1 25 | 24.4% | 11.1% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | 61.9% | 9.7% | ||
| Q2 24 | 90.9% | 11.7% | ||
| Q1 24 | 78.6% | 11.0% |
净利率FNFIESC
| Q4 25 | -21.5% | 10.5% | ||
| Q3 25 | 64.7% | 11.4% | ||
| Q2 25 | 50.8% | 8.9% | ||
| Q1 25 | 18.2% | 8.7% | ||
| Q4 24 | 91.3% | 7.7% | ||
| Q3 24 | 52.6% | 8.4% | ||
| Q2 24 | 60.7% | 8.7% | ||
| Q1 24 | 58.9% | 8.0% |
每股收益（稀释后）FNFIESC
| Q4 25 | $-0.44 | $4.51 | ||
| Q3 25 | $1.33 | $4.99 | ||
| Q2 25 | $1.02 | $3.81 | ||
| Q1 25 | $0.30 | $3.50 | ||
| Q4 24 | $1.65 | $2.72 | ||
| Q3 24 | $0.97 | $3.06 | ||
| Q2 24 | $1.12 | $2.67 | ||
| Q1 24 | $0.91 | $2.29 |
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 | $2.6B | $258.7M |
| 总债务越低越好 | $4.4B | — |
| 股东权益账面价值 | $7.4B | $961.1M |
| 总资产 | $109.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资FNFIESC
| Q4 25 | $2.6B | $258.7M | ||
| Q3 25 | $3.5B | $231.8M | ||
| Q2 25 | $3.3B | $168.3M | ||
| Q1 25 | $4.5B | $88.3M | ||
| Q4 24 | $3.5B | $112.0M | ||
| Q3 24 | $5.0B | $135.8M | ||
| Q2 24 | $4.9B | $44.9M | ||
| Q1 24 | $3.5B | $106.0M |
总债务FNFIESC
| 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 | — |
股东权益FNFIESC
| Q4 25 | $7.4B | $961.1M | ||
| Q3 25 | $8.4B | $884.0M | ||
| Q2 25 | $7.9B | $781.4M | ||
| Q1 25 | $7.9B | $705.8M | ||
| Q4 24 | $7.8B | $652.4M | ||
| Q3 24 | $8.1B | $611.1M | ||
| Q2 24 | $7.3B | $567.5M | ||
| Q1 24 | $7.1B | $534.8M |
总资产FNFIESC
| Q4 25 | $109.0B | $1.7B | ||
| Q3 25 | $106.6B | $1.6B | ||
| Q2 25 | $102.3B | $1.5B | ||
| Q1 25 | $98.2B | $1.4B | ||
| Q4 24 | $95.4B | $1.3B | ||
| Q3 24 | $94.7B | $1.2B | ||
| Q2 24 | $88.8B | $1.2B | ||
| Q1 24 | $84.5B | $1.1B |
负债/权益比FNFIESC
| 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× | — |
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 | $1.5B | $27.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-18.9M |
| 自由现金流率自由现金流/营收 | — | -2.2% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 现金转化率经营现金流/净利润 | — | 0.30× |
| 过去12个月自由现金流最近4个季度 | — | $175.9M |
8季度趋势，按日历期对齐
经营现金流FNFIESC
| Q4 25 | $1.5B | $27.7M | ||
| Q3 25 | $1.3B | $132.0M | ||
| Q2 25 | $1.9B | $92.0M | ||
| Q1 25 | $1.1B | $24.8M | ||
| Q4 24 | $1.5B | $37.3M | ||
| Q3 24 | $2.4B | $92.8M | ||
| Q2 24 | $1.4B | $82.9M | ||
| Q1 24 | $1.6B | $33.7M |
自由现金流FNFIESC
| Q4 25 | — | $-18.9M | ||
| Q3 25 | — | $112.0M | ||
| Q2 25 | — | $74.8M | ||
| Q1 25 | — | $7.9M | ||
| Q4 24 | — | $24.1M | ||
| Q3 24 | — | $78.5M | ||
| Q2 24 | — | $65.4M | ||
| Q1 24 | — | $26.9M |
自由现金流率FNFIESC
| Q4 25 | — | -2.2% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 3.8% |
资本支出强度FNFIESC
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 1.0% |
现金转化率FNFIESC
| Q4 25 | — | 0.30× | ||
| Q3 25 | 3.66× | 1.29× | ||
| Q2 25 | 6.82× | 1.16× | ||
| Q1 25 | 13.43× | 0.34× | ||
| Q4 24 | 3.32× | 0.65× | ||
| Q3 24 | 8.89× | 1.42× | ||
| Q2 24 | 4.45× | 1.24× | ||
| Q1 24 | 6.42× | 0.59× |
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
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% |
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
