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Fidelity National Financial, Inc.（FNF）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是Fidelity National Financial, Inc.的1.6倍（$851.9M vs $544.0M），美森净利率更高（16.8% vs -21.5%，领先38.3%），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 8.6%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
FNF vs MATX — 直观对比
营收规模更大
MATX
是对方的1.6倍
$544.0M
营收增速更快
FNF
高出14.7%
-4.3%
净利率更高
MATX
高出38.3%
-21.5%
两年增速更快
FNF
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $544.0M | $851.9M |
| 净利润 | $-117.0M | $143.1M |
| 毛利率 | — | — |
| 营业利润率 | 82.9% | 16.9% |
| 净利率 | -21.5% | 16.8% |
| 营收同比 | 10.3% | -4.3% |
| 净利润同比 | -126.0% | 11.8% |
| 每股收益（稀释后） | $-0.44 | $4.47 |
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FNFMATX
| Q4 25 | $544.0M | $851.9M | ||
| Q3 25 | $553.0M | $880.1M | ||
| Q2 25 | $547.0M | $830.5M | ||
| Q1 25 | $455.0M | $782.0M | ||
| Q4 24 | $493.0M | $890.3M | ||
| Q3 24 | $506.0M | $962.0M | ||
| Q2 24 | $504.0M | $847.4M | ||
| Q1 24 | $421.0M | $722.1M |
净利润FNFMATX
| Q4 25 | $-117.0M | $143.1M | ||
| Q3 25 | $358.0M | $134.7M | ||
| Q2 25 | $278.0M | $94.7M | ||
| Q1 25 | $83.0M | $72.3M | ||
| Q4 24 | $450.0M | $128.0M | ||
| Q3 24 | $266.0M | $199.1M | ||
| Q2 24 | $306.0M | $113.2M | ||
| Q1 24 | $248.0M | $36.1M |
营业利润率FNFMATX
| Q4 25 | 82.9% | 16.9% | ||
| Q3 25 | 81.9% | 18.3% | ||
| Q2 25 | 69.8% | 13.6% | ||
| Q1 25 | 24.4% | 10.5% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | 61.9% | 25.2% | ||
| Q2 24 | 90.9% | 14.7% | ||
| Q1 24 | 78.6% | 5.1% |
净利率FNFMATX
| Q4 25 | -21.5% | 16.8% | ||
| Q3 25 | 64.7% | 15.3% | ||
| Q2 25 | 50.8% | 11.4% | ||
| Q1 25 | 18.2% | 9.2% | ||
| Q4 24 | 91.3% | 14.4% | ||
| Q3 24 | 52.6% | 20.7% | ||
| Q2 24 | 60.7% | 13.4% | ||
| Q1 24 | 58.9% | 5.0% |
每股收益（稀释后）FNFMATX
| Q4 25 | $-0.44 | $4.47 | ||
| Q3 25 | $1.33 | $4.24 | ||
| Q2 25 | $1.02 | $2.92 | ||
| Q1 25 | $0.30 | $2.18 | ||
| Q4 24 | $1.65 | $3.69 | ||
| Q3 24 | $0.97 | $5.89 | ||
| Q2 24 | $1.12 | $3.31 | ||
| Q1 24 | $0.91 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | $4.4B | $361.2M |
| 股东权益账面价值 | $7.4B | $2.8B |
| 总资产 | $109.0B | $4.6B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资FNFMATX
| Q4 25 | $2.6B | $141.9M | ||
| Q3 25 | $3.5B | $92.7M | ||
| Q2 25 | $3.3B | $59.1M | ||
| Q1 25 | $4.5B | $122.0M | ||
| Q4 24 | $3.5B | $266.8M | ||
| Q3 24 | $5.0B | $270.3M | ||
| Q2 24 | $4.9B | $168.2M | ||
| Q1 24 | $3.5B | $25.9M |
总债务FNFMATX
| Q4 25 | $4.4B | $361.2M | ||
| Q3 25 | $4.4B | $370.9M | ||
| Q2 25 | $4.4B | $341.3M | ||
| Q1 25 | $4.4B | $351.1M | ||
| Q4 24 | $4.3B | $361.2M | ||
| Q3 24 | $4.2B | $370.9M | ||
| Q2 24 | $4.2B | $381.0M | ||
| Q1 24 | $3.9B | $390.8M |
股东权益FNFMATX
| Q4 25 | $7.4B | $2.8B | ||
| Q3 25 | $8.4B | $2.7B | ||
| Q2 25 | $7.9B | $2.6B | ||
| Q1 25 | $7.9B | $2.6B | ||
| Q4 24 | $7.8B | $2.7B | ||
| Q3 24 | $8.1B | $2.6B | ||
| Q2 24 | $7.3B | $2.4B | ||
| Q1 24 | $7.1B | $2.4B |
总资产FNFMATX
| Q4 25 | $109.0B | $4.6B | ||
| Q3 25 | $106.6B | $4.6B | ||
| Q2 25 | $102.3B | $4.5B | ||
| Q1 25 | $98.2B | $4.5B | ||
| Q4 24 | $95.4B | $4.6B | ||
| Q3 24 | $94.7B | $4.4B | ||
| Q2 24 | $88.8B | $4.3B | ||
| Q1 24 | $84.5B | $4.2B |
负债/权益比FNFMATX
| Q4 25 | 0.59× | 0.13× | ||
| Q3 25 | 0.53× | 0.14× | ||
| Q2 25 | 0.56× | 0.13× | ||
| Q1 25 | 0.56× | 0.13× | ||
| Q4 24 | 0.56× | 0.14× | ||
| Q3 24 | 0.52× | 0.15× | ||
| Q2 24 | 0.58× | 0.16× | ||
| Q1 24 | 0.55× | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | — | $42.2M |
| 自由现金流率自由现金流/营收 | — | 5.0% |
| 资本支出强度资本支出/营收 | — | 15.8% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $153.7M |
8季度趋势，按日历期对齐
经营现金流FNFMATX
| Q4 25 | $1.5B | $176.9M | ||
| Q3 25 | $1.3B | $175.6M | ||
| Q2 25 | $1.9B | $105.6M | ||
| Q1 25 | $1.1B | $89.0M | ||
| Q4 24 | $1.5B | $174.7M | ||
| Q3 24 | $2.4B | $248.6M | ||
| Q2 24 | $1.4B | $307.9M | ||
| Q1 24 | $1.6B | $36.6M |
自由现金流FNFMATX
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $92.4M | ||
| Q2 25 | — | $19.3M | ||
| Q1 25 | — | $-200.0K | ||
| Q4 24 | — | $49.3M | ||
| Q3 24 | — | $189.0M | ||
| Q2 24 | — | $238.1M | ||
| Q1 24 | — | $-18.7M |
自由现金流率FNFMATX
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -0.0% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | — | -2.6% |
资本支出强度FNFMATX
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 7.7% |
现金转化率FNFMATX
| Q4 25 | — | 1.24× | ||
| Q3 25 | 3.66× | 1.30× | ||
| Q2 25 | 6.82× | 1.12× | ||
| Q1 25 | 13.43× | 1.23× | ||
| Q4 24 | 3.32× | 1.36× | ||
| Q3 24 | 8.89× | 1.25× | ||
| Q2 24 | 4.45× | 2.72× | ||
| Q1 24 | 6.42× | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
