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Fidelity National Financial, Inc.（FNF）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是Fidelity National Financial, Inc.的1.6倍（$862.2M vs $544.0M），美泰净利率更高（7.1% vs -21.5%，领先28.6%），Fidelity National Financial, Inc.同比增速更快（10.3% vs 4.3%），过去两年Fidelity National Financial, Inc.的营收复合增速更高（13.7% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
FNF vs MAT — 直观对比
营收规模更大
MAT
是对方的1.6倍
$544.0M
营收增速更快
FNF
高出6.0%
4.3%
净利率更高
MAT
高出28.6%
-21.5%
两年增速更快
FNF
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $544.0M | $862.2M |
| 净利润 | $-117.0M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | 82.9% | — |
| 净利率 | -21.5% | 7.1% |
| 营收同比 | 10.3% | 4.3% |
| 净利润同比 | -126.0% | 251.4% |
| 每股收益（稀释后） | $-0.44 | $0.20 |
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FNFMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $544.0M | $1.8B | ||
| Q3 25 | $553.0M | $1.7B | ||
| Q2 25 | $547.0M | $1.0B | ||
| Q1 25 | $455.0M | $826.6M | ||
| Q4 24 | $493.0M | $1.6B | ||
| Q3 24 | $506.0M | $1.8B | ||
| Q2 24 | $504.0M | $1.1B |
净利润FNFMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $-117.0M | $106.2M | ||
| Q3 25 | $358.0M | $278.4M | ||
| Q2 25 | $278.0M | $53.4M | ||
| Q1 25 | $83.0M | $-40.3M | ||
| Q4 24 | $450.0M | $140.9M | ||
| Q3 24 | $266.0M | $372.4M | ||
| Q2 24 | $306.0M | $56.9M |
毛利率FNFMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | — | 53.1% | ||
| Q2 24 | — | 49.2% |
营业利润率FNFMAT
| Q1 26 | — | — | ||
| Q4 25 | 82.9% | 8.0% | ||
| Q3 25 | 81.9% | 21.9% | ||
| Q2 25 | 69.8% | 7.7% | ||
| Q1 25 | 24.4% | -6.4% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | 61.9% | 26.5% | ||
| Q2 24 | 90.9% | 7.7% |
净利率FNFMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | -21.5% | 6.0% | ||
| Q3 25 | 64.7% | 16.0% | ||
| Q2 25 | 50.8% | 5.2% | ||
| Q1 25 | 18.2% | -4.9% | ||
| Q4 24 | 91.3% | 8.6% | ||
| Q3 24 | 52.6% | 20.2% | ||
| Q2 24 | 60.7% | 5.3% |
每股收益（稀释后）FNFMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $-0.44 | $0.32 | ||
| Q3 25 | $1.33 | $0.88 | ||
| Q2 25 | $1.02 | $0.16 | ||
| Q1 25 | $0.30 | $-0.12 | ||
| Q4 24 | $1.65 | $0.40 | ||
| Q3 24 | $0.97 | $1.09 | ||
| Q2 24 | $1.12 | $0.17 |
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 | $866.0M |
| 总债务越低越好 | $4.4B | $2.3B |
| 股东权益账面价值 | $7.4B | $2.1B |
| 总资产 | $109.0B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.59× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资FNFMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $2.6B | $1.2B | ||
| Q3 25 | $3.5B | $691.9M | ||
| Q2 25 | $3.3B | $870.5M | ||
| Q1 25 | $4.5B | $1.2B | ||
| Q4 24 | $3.5B | $1.4B | ||
| Q3 24 | $5.0B | $723.5M | ||
| Q2 24 | $4.9B | $722.4M |
总债务FNFMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $4.4B | $2.3B | ||
| Q3 25 | $4.4B | $2.3B | ||
| Q2 25 | $4.4B | $2.3B | ||
| Q1 25 | $4.4B | $2.3B | ||
| Q4 24 | $4.3B | $2.3B | ||
| Q3 24 | $4.2B | $2.3B | ||
| Q2 24 | $4.2B | $2.3B |
股东权益FNFMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $7.4B | $2.2B | ||
| Q3 25 | $8.4B | $2.3B | ||
| Q2 25 | $7.9B | $2.2B | ||
| Q1 25 | $7.9B | $2.1B | ||
| Q4 24 | $7.8B | $2.3B | ||
| Q3 24 | $8.1B | $2.3B | ||
| Q2 24 | $7.3B | $2.0B |
总资产FNFMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $109.0B | $6.6B | ||
| Q3 25 | $106.6B | $6.6B | ||
| Q2 25 | $102.3B | $6.2B | ||
| Q1 25 | $98.2B | $6.2B | ||
| Q4 24 | $95.4B | $6.5B | ||
| Q3 24 | $94.7B | $6.5B | ||
| Q2 24 | $88.8B | $5.9B |
负债/权益比FNFMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 0.59× | 1.04× | ||
| Q3 25 | 0.53× | 1.03× | ||
| Q2 25 | 0.56× | 1.08× | ||
| Q1 25 | 0.56× | 1.10× | ||
| Q4 24 | 0.56× | 1.03× | ||
| Q3 24 | 0.52× | 1.01× | ||
| Q2 24 | 0.58× | 1.18× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $-88.1M |
| 自由现金流率自由现金流/营收 | — | -10.2% |
| 资本支出强度资本支出/营收 | — | 7.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FNFMAT
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $796.6M | ||
| Q3 25 | $1.3B | $72.0M | ||
| Q2 25 | $1.9B | $-300.1M | ||
| Q1 25 | $1.1B | $24.8M | ||
| Q4 24 | $1.5B | $862.1M | ||
| Q3 24 | $2.4B | $155.8M | ||
| Q2 24 | $1.4B | $-252.9M |
自由现金流FNFMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率FNFMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度FNFMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率FNFMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | 3.66× | 0.26× | ||
| Q2 25 | 6.82× | -5.62× | ||
| Q1 25 | 13.43× | — | ||
| Q4 24 | 3.32× | 6.12× | ||
| Q3 24 | 8.89× | 0.42× | ||
| Q2 24 | 4.45× | -4.45× |
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% |
MAT
暂无分部数据
