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Fidelity National Financial, Inc.（FNF）与EPLUS INC（PLUS）财务数据对比。点击上方公司名可切换其他公司
EPLUS INC的季度营收约是Fidelity National Financial, Inc.的1.1倍（$614.8M vs $544.0M），EPLUS INC净利率更高（5.7% vs -21.5%，领先27.2%），EPLUS INC同比增速更快（20.3% vs 10.3%），过去两年Fidelity National Financial, Inc.的营收复合增速更高（13.7% vs 2.3%）
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。
ePlus Inc.是美国的科技咨询解决方案提供商，业务覆盖网络安全、云计算、网络架构、协作办公、人工智能及前沿技术领域，为超5000家客户提供定制化解决方案、专业咨询与托管服务，助力企业实现数字化转型与技术升级。
FNF vs PLUS — 直观对比
营收规模更大
PLUS
是对方的1.1倍
$544.0M
营收增速更快
PLUS
高出10.0%
10.3%
净利率更高
PLUS
高出27.2%
-21.5%
两年增速更快
FNF
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $544.0M | $614.8M |
| 净利润 | $-117.0M | $35.1M |
| 毛利率 | — | 25.8% |
| 营业利润率 | 82.9% | 7.1% |
| 净利率 | -21.5% | 5.7% |
| 营收同比 | 10.3% | 20.3% |
| 净利润同比 | -126.0% | 45.2% |
| 每股收益（稀释后） | $-0.44 | $1.33 |
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FNFPLUS
| Q4 25 | $544.0M | $614.8M | ||
| Q3 25 | $553.0M | $608.8M | ||
| Q2 25 | $547.0M | $637.3M | ||
| Q1 25 | $455.0M | — | ||
| Q4 24 | $493.0M | $493.2M | ||
| Q3 24 | $506.0M | $493.4M | ||
| Q2 24 | $504.0M | $535.7M | ||
| Q1 24 | $421.0M | — |
净利润FNFPLUS
| Q4 25 | $-117.0M | $35.1M | ||
| Q3 25 | $358.0M | $34.9M | ||
| Q2 25 | $278.0M | $37.7M | ||
| Q1 25 | $83.0M | — | ||
| Q4 24 | $450.0M | $24.1M | ||
| Q3 24 | $266.0M | $31.3M | ||
| Q2 24 | $306.0M | $27.3M | ||
| Q1 24 | $248.0M | — |
毛利率FNFPLUS
| Q4 25 | — | 25.8% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 23.7% | ||
| Q1 24 | — | — |
营业利润率FNFPLUS
| Q4 25 | 82.9% | 7.1% | ||
| Q3 25 | 81.9% | 8.0% | ||
| Q2 25 | 69.8% | 5.7% | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 61.9% | 5.5% | ||
| Q2 24 | 90.9% | 5.9% | ||
| Q1 24 | 78.6% | — |
净利率FNFPLUS
| Q4 25 | -21.5% | 5.7% | ||
| Q3 25 | 64.7% | 5.7% | ||
| Q2 25 | 50.8% | 5.9% | ||
| Q1 25 | 18.2% | — | ||
| Q4 24 | 91.3% | 4.9% | ||
| Q3 24 | 52.6% | 6.3% | ||
| Q2 24 | 60.7% | 5.1% | ||
| Q1 24 | 58.9% | — |
每股收益（稀释后）FNFPLUS
| Q4 25 | $-0.44 | $1.33 | ||
| Q3 25 | $1.33 | $1.32 | ||
| Q2 25 | $1.02 | $1.43 | ||
| Q1 25 | $0.30 | — | ||
| Q4 24 | $1.65 | $0.91 | ||
| Q3 24 | $0.97 | $1.17 | ||
| Q2 24 | $1.12 | $1.02 | ||
| Q1 24 | $0.91 | — |
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 | $326.3M |
| 总债务越低越好 | $4.4B | — |
| 股东权益账面价值 | $7.4B | $1.1B |
| 总资产 | $109.0B | $1.8B |
| 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FNFPLUS
| Q4 25 | $2.6B | $326.3M | ||
| Q3 25 | $3.5B | $402.2M | ||
| Q2 25 | $3.3B | $480.2M | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $3.5B | $253.1M | ||
| Q3 24 | $5.0B | $187.5M | ||
| Q2 24 | $4.9B | $349.9M | ||
| Q1 24 | $3.5B | — |
总债务FNFPLUS
| 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FNFPLUS
| Q4 25 | $7.4B | $1.1B | ||
| Q3 25 | $8.4B | $1.0B | ||
| Q2 25 | $7.9B | $1.0B | ||
| Q1 25 | $7.9B | — | ||
| Q4 24 | $7.8B | $962.3M | ||
| Q3 24 | $8.1B | $947.0M | ||
| Q2 24 | $7.3B | $921.9M | ||
| Q1 24 | $7.1B | — |
总资产FNFPLUS
| Q4 25 | $109.0B | $1.8B | ||
| Q3 25 | $106.6B | $1.8B | ||
| Q2 25 | $102.3B | $1.8B | ||
| Q1 25 | $98.2B | — | ||
| Q4 24 | $95.4B | $1.8B | ||
| Q3 24 | $94.7B | $1.7B | ||
| Q2 24 | $88.8B | $1.7B | ||
| Q1 24 | $84.5B | — |
负债/权益比FNFPLUS
| 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 | $-87.4M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | -2.49× |
| 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FNFPLUS
| Q4 25 | $1.5B | $-87.4M | ||
| Q3 25 | $1.3B | $-34.8M | ||
| Q2 25 | $1.9B | $-99.0M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.5B | $65.7M | ||
| Q3 24 | $2.4B | $-21.6M | ||
| Q2 24 | $1.4B | $97.1M | ||
| Q1 24 | $1.6B | — |
现金转化率FNFPLUS
| Q4 25 | — | -2.49× | ||
| Q3 25 | 3.66× | -1.00× | ||
| Q2 25 | 6.82× | -2.63× | ||
| Q1 25 | 13.43× | — | ||
| Q4 24 | 3.32× | 2.72× | ||
| Q3 24 | 8.89× | -0.69× | ||
| Q2 24 | 4.45× | 3.55× | ||
| Q1 24 | 6.42× | — |
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% |
PLUS
| All Others Customer End Market | $107.0M | 17% |
| Technology Customer End Market | $89.4M | 15% |
| Health Care Customer End Market | $81.5M | 13% |
| Financial Services Customer End Market | $66.1M | 11% |
| Professional Services Reporting Unit | $64.1M | 10% |
| Security | $61.1M | 10% |
| State And Local Government And Educational Institutions | $59.9M | 10% |
| Managed Services Reporting Unit | $48.8M | 8% |
| Other Product | $21.1M | 3% |
| Collaboration | $13.4M | 2% |
