vs
Fidelity National Financial, Inc.（FNF）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
Fidelity National Financial, Inc.的季度营收约是RBC Bearings INC的1.2倍（$544.0M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs -21.5%，领先36.1%），RBC Bearings INC同比增速更快（17.0% vs 10.3%），过去两年Fidelity National Financial, Inc.的营收复合增速更高（13.7% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
FNF vs RBC — 直观对比
营收规模更大
FNF
是对方的1.2倍
$461.6M
营收增速更快
RBC
高出6.7%
10.3%
净利率更高
RBC
高出36.1%
-21.5%
两年增速更快
FNF
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $544.0M | $461.6M |
| 净利润 | $-117.0M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 82.9% | 22.3% |
| 净利率 | -21.5% | 14.6% |
| 营收同比 | 10.3% | 17.0% |
| 净利润同比 | -126.0% | 16.4% |
| 每股收益（稀释后） | $-0.44 | $2.13 |
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FNFRBC
| Q4 25 | $544.0M | $461.6M | ||
| Q3 25 | $553.0M | $455.3M | ||
| Q2 25 | $547.0M | $436.0M | ||
| Q1 25 | $455.0M | $437.7M | ||
| Q4 24 | $493.0M | $394.4M | ||
| Q3 24 | $506.0M | $397.9M | ||
| Q2 24 | $504.0M | $406.3M | ||
| Q1 24 | $421.0M | $413.7M |
净利润FNFRBC
| Q4 25 | $-117.0M | $67.4M | ||
| Q3 25 | $358.0M | $60.0M | ||
| Q2 25 | $278.0M | $68.5M | ||
| Q1 25 | $83.0M | $72.7M | ||
| Q4 24 | $450.0M | $57.9M | ||
| Q3 24 | $266.0M | $54.2M | ||
| Q2 24 | $306.0M | $61.4M | ||
| Q1 24 | $248.0M | — |
毛利率FNFRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率FNFRBC
| Q4 25 | 82.9% | 22.3% | ||
| Q3 25 | 81.9% | 21.5% | ||
| Q2 25 | 69.8% | 23.2% | ||
| Q1 25 | 24.4% | 23.0% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | 61.9% | 21.6% | ||
| Q2 24 | 90.9% | 24.0% | ||
| Q1 24 | 78.6% | 22.8% |
净利率FNFRBC
| Q4 25 | -21.5% | 14.6% | ||
| Q3 25 | 64.7% | 13.2% | ||
| Q2 25 | 50.8% | 15.7% | ||
| Q1 25 | 18.2% | 16.6% | ||
| Q4 24 | 91.3% | 14.7% | ||
| Q3 24 | 52.6% | 13.6% | ||
| Q2 24 | 60.7% | 15.1% | ||
| Q1 24 | 58.9% | — |
每股收益（稀释后）FNFRBC
| Q4 25 | $-0.44 | $2.13 | ||
| Q3 25 | $1.33 | $1.90 | ||
| Q2 25 | $1.02 | $2.17 | ||
| Q1 25 | $0.30 | $2.33 | ||
| Q4 24 | $1.65 | $1.82 | ||
| Q3 24 | $0.97 | $1.65 | ||
| Q2 24 | $1.12 | $1.90 | ||
| Q1 24 | $0.91 | $1.92 |
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 | $107.6M |
| 总债务越低越好 | $4.4B | $990.2M |
| 股东权益账面价值 | $7.4B | $3.3B |
| 总资产 | $109.0B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资FNFRBC
| Q4 25 | $2.6B | $107.6M | ||
| Q3 25 | $3.5B | $91.2M | ||
| Q2 25 | $3.3B | $132.9M | ||
| Q1 25 | $4.5B | $36.8M | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $4.9B | $76.8M | ||
| Q1 24 | $3.5B | $63.5M |
总债务FNFRBC
| Q4 25 | $4.4B | $990.2M | ||
| Q3 25 | $4.4B | $1.1B | ||
| Q2 25 | $4.4B | $915.6M | ||
| Q1 25 | $4.4B | $920.1M | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $3.9B | $1.2B |
股东权益FNFRBC
| Q4 25 | $7.4B | $3.3B | ||
| Q3 25 | $8.4B | $3.2B | ||
| Q2 25 | $7.9B | $3.1B | ||
| Q1 25 | $7.9B | $3.0B | ||
| Q4 24 | $7.8B | $2.9B | ||
| Q3 24 | $8.1B | $2.9B | ||
| Q2 24 | $7.3B | $2.8B | ||
| Q1 24 | $7.1B | $2.8B |
总资产FNFRBC
| Q4 25 | $109.0B | $5.1B | ||
| Q3 25 | $106.6B | $5.1B | ||
| Q2 25 | $102.3B | $4.8B | ||
| Q1 25 | $98.2B | $4.7B | ||
| Q4 24 | $95.4B | $4.7B | ||
| Q3 24 | $94.7B | $4.7B | ||
| Q2 24 | $88.8B | $4.7B | ||
| Q1 24 | $84.5B | $4.7B |
负债/权益比FNFRBC
| Q4 25 | 0.59× | 0.30× | ||
| Q3 25 | 0.53× | 0.34× | ||
| Q2 25 | 0.56× | 0.29× | ||
| Q1 25 | 0.56× | 0.30× | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 0.55× | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 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FNFRBC
| Q4 25 | $1.5B | $122.1M | ||
| Q3 25 | $1.3B | $88.4M | ||
| Q2 25 | $1.9B | $120.0M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.5B | $84.0M | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $1.4B | $97.4M | ||
| Q1 24 | $1.6B | — |
自由现金流FNFRBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | — |
自由现金流率FNFRBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | — |
资本支出强度FNFRBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率FNFRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | 3.66× | 1.47× | ||
| Q2 25 | 6.82× | 1.75× | ||
| Q1 25 | 13.43× | — | ||
| Q4 24 | 3.32× | 1.45× | ||
| Q3 24 | 8.89× | — | ||
| Q2 24 | 4.45× | 1.59× | ||
| 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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
