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Fidelity National Financial, Inc.（FNF）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是Fidelity National Financial, Inc.的1.5倍（$805.0M vs $544.0M），摩丁制造净利率更高（-5.9% vs -21.5%，领先15.6%），摩丁制造同比增速更快（30.5% vs 10.3%），过去两年摩丁制造的营收复合增速更高（15.5% vs 13.7%）
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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
FNF vs MOD — 直观对比
营收规模更大
MOD
是对方的1.5倍
$544.0M
营收增速更快
MOD
高出20.2%
10.3%
净利率更高
MOD
高出15.6%
-21.5%
两年增速更快
MOD
近两年复合增速
13.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $544.0M | $805.0M |
| 净利润 | $-117.0M | $-47.4M |
| 毛利率 | — | 23.1% |
| 营业利润率 | 82.9% | 11.1% |
| 净利率 | -21.5% | -5.9% |
| 营收同比 | 10.3% | 30.5% |
| 净利润同比 | -126.0% | -215.6% |
| 每股收益（稀释后） | $-0.44 | $-0.90 |
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FNFMOD
| Q4 25 | $544.0M | $805.0M | ||
| Q3 25 | $553.0M | $738.9M | ||
| Q2 25 | $547.0M | $682.8M | ||
| Q1 25 | $455.0M | $647.2M | ||
| Q4 24 | $493.0M | $616.8M | ||
| Q3 24 | $506.0M | $658.0M | ||
| Q2 24 | $504.0M | $661.5M | ||
| Q1 24 | $421.0M | $603.5M |
净利润FNFMOD
| Q4 25 | $-117.0M | $-47.4M | ||
| Q3 25 | $358.0M | $44.4M | ||
| Q2 25 | $278.0M | $51.2M | ||
| Q1 25 | $83.0M | $49.6M | ||
| Q4 24 | $450.0M | $41.0M | ||
| Q3 24 | $266.0M | $46.1M | ||
| Q2 24 | $306.0M | $47.3M | ||
| Q1 24 | $248.0M | $25.8M |
毛利率FNFMOD
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% | ||
| Q1 24 | — | 22.4% |
营业利润率FNFMOD
| Q4 25 | 82.9% | 11.1% | ||
| Q3 25 | 81.9% | 9.9% | ||
| Q2 25 | 69.8% | 11.1% | ||
| Q1 25 | 24.4% | 11.5% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | 61.9% | 11.4% | ||
| Q2 24 | 90.9% | 11.2% | ||
| Q1 24 | 78.6% | 7.8% |
净利率FNFMOD
| Q4 25 | -21.5% | -5.9% | ||
| Q3 25 | 64.7% | 6.0% | ||
| Q2 25 | 50.8% | 7.5% | ||
| Q1 25 | 18.2% | 7.7% | ||
| Q4 24 | 91.3% | 6.6% | ||
| Q3 24 | 52.6% | 7.0% | ||
| Q2 24 | 60.7% | 7.2% | ||
| Q1 24 | 58.9% | 4.3% |
每股收益（稀释后）FNFMOD
| Q4 25 | $-0.44 | $-0.90 | ||
| Q3 25 | $1.33 | $0.83 | ||
| Q2 25 | $1.02 | $0.95 | ||
| Q1 25 | $0.30 | $0.92 | ||
| Q4 24 | $1.65 | $0.76 | ||
| Q3 24 | $0.97 | $0.86 | ||
| Q2 24 | $1.12 | $0.88 | ||
| Q1 24 | $0.91 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | $4.4B | $570.7M |
| 股东权益账面价值 | $7.4B | $1.1B |
| 总资产 | $109.0B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资FNFMOD
| Q4 25 | $2.6B | $98.7M | ||
| Q3 25 | $3.5B | $83.8M | ||
| Q2 25 | $3.3B | $124.5M | ||
| Q1 25 | $4.5B | $71.6M | ||
| Q4 24 | $3.5B | $83.8M | ||
| Q3 24 | $5.0B | $78.6M | ||
| Q2 24 | $4.9B | $72.9M | ||
| Q1 24 | $3.5B | $60.1M |
总债务FNFMOD
| Q4 25 | $4.4B | $570.7M | ||
| Q3 25 | $4.4B | $525.8M | ||
| Q2 25 | $4.4B | $482.1M | ||
| Q1 25 | $4.4B | $296.7M | ||
| Q4 24 | $4.3B | $330.0M | ||
| Q3 24 | $4.2B | $359.1M | ||
| Q2 24 | $4.2B | $405.7M | ||
| Q1 24 | $3.9B | $399.9M |
股东权益FNFMOD
| Q4 25 | $7.4B | $1.1B | ||
| Q3 25 | $8.4B | $1.1B | ||
| Q2 25 | $7.9B | $1.0B | ||
| Q1 25 | $7.9B | $910.2M | ||
| Q4 24 | $7.8B | $855.1M | ||
| Q3 24 | $8.1B | $858.8M | ||
| Q2 24 | $7.3B | $788.4M | ||
| Q1 24 | $7.1B | $747.6M |
总资产FNFMOD
| Q4 25 | $109.0B | $2.5B | ||
| Q3 25 | $106.6B | $2.4B | ||
| Q2 25 | $102.3B | $2.2B | ||
| Q1 25 | $98.2B | $1.9B | ||
| Q4 24 | $95.4B | $1.8B | ||
| Q3 24 | $94.7B | $1.9B | ||
| Q2 24 | $88.8B | $1.9B | ||
| Q1 24 | $84.5B | $1.9B |
负债/权益比FNFMOD
| Q4 25 | 0.59× | 0.51× | ||
| Q3 25 | 0.53× | 0.50× | ||
| Q2 25 | 0.56× | 0.48× | ||
| Q1 25 | 0.56× | 0.33× | ||
| Q4 24 | 0.56× | 0.39× | ||
| Q3 24 | 0.52× | 0.42× | ||
| Q2 24 | 0.58× | 0.51× | ||
| Q1 24 | 0.55× | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-17.1M |
| 自由现金流率自由现金流/营收 | — | -2.1% |
| 资本支出强度资本支出/营收 | — | 5.2% |
| 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 | — | $-20.3M |
8季度趋势，按日历期对齐
经营现金流FNFMOD
| Q4 25 | $1.5B | $24.7M | ||
| Q3 25 | $1.3B | $1.4M | ||
| Q2 25 | $1.9B | $27.7M | ||
| Q1 25 | $1.1B | $54.8M | ||
| Q4 24 | $1.5B | $60.7M | ||
| Q3 24 | $2.4B | $57.3M | ||
| Q2 24 | $1.4B | $40.5M | ||
| Q1 24 | $1.6B | $39.6M |
自由现金流FNFMOD
| Q4 25 | — | $-17.1M | ||
| Q3 25 | — | $-30.5M | ||
| Q2 25 | — | $200.0K | ||
| Q1 25 | — | $27.1M | ||
| Q4 24 | — | $44.7M | ||
| Q3 24 | — | $43.8M | ||
| Q2 24 | — | $13.7M | ||
| Q1 24 | — | $-4.3M |
自由现金流率FNFMOD
| Q4 25 | — | -2.1% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | -0.7% |
资本支出强度FNFMOD
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 7.3% |
现金转化率FNFMOD
| Q4 25 | — | — | ||
| Q3 25 | 3.66× | 0.03× | ||
| Q2 25 | 6.82× | 0.54× | ||
| Q1 25 | 13.43× | 1.10× | ||
| Q4 24 | 3.32× | 1.48× | ||
| Q3 24 | 8.89× | 1.24× | ||
| Q2 24 | 4.45× | 0.86× | ||
| Q1 24 | 6.42× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
