vs
Fidelity National Financial, Inc.（FNF）与StubHub Holdings, Inc.（STUB）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StubHub Holdings, Inc.的1.2倍（$544.0M vs $468.1M），Fidelity National Financial, Inc.净利率更高（-21.5% vs -276.6%，领先255.1%），Fidelity National Financial, Inc.同比增速更快（10.3% vs 7.9%）
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。
StubHub Holdings是全球领先的在线票务交易平台，提供演唱会、体育赛事、戏剧演出等各类现场娱乐活动的门票转售及直购服务，覆盖北美、欧洲、亚太等核心市场，为消费者、活动主办方和票务卖家提供安全可靠的交易渠道。
FNF vs STUB — 直观对比
营收规模更大
FNF
是对方的1.2倍
$468.1M
营收增速更快
FNF
高出2.4%
7.9%
净利率更高
FNF
高出255.1%
-276.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $544.0M | $468.1M |
| 净利润 | $-117.0M | $-1.3B |
| 毛利率 | — | — |
| 营业利润率 | 82.9% | -292.3% |
| 净利率 | -21.5% | -276.6% |
| 营收同比 | 10.3% | 7.9% |
| 净利润同比 | -126.0% | -3821.6% |
| 每股收益（稀释后） | $-0.44 | $-4.27 |
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FNFSTUB
| Q4 25 | $544.0M | — | ||
| Q3 25 | $553.0M | $468.1M | ||
| Q2 25 | $547.0M | — | ||
| Q1 25 | $455.0M | — | ||
| Q4 24 | $493.0M | — | ||
| Q3 24 | $506.0M | $433.8M | ||
| Q2 24 | $504.0M | — | ||
| Q1 24 | $421.0M | — |
净利润FNFSTUB
| Q4 25 | $-117.0M | — | ||
| Q3 25 | $358.0M | $-1.3B | ||
| Q2 25 | $278.0M | — | ||
| Q1 25 | $83.0M | — | ||
| Q4 24 | $450.0M | — | ||
| Q3 24 | $266.0M | $-33.0M | ||
| Q2 24 | $306.0M | — | ||
| Q1 24 | $248.0M | — |
营业利润率FNFSTUB
| Q4 25 | 82.9% | — | ||
| Q3 25 | 81.9% | -292.3% | ||
| Q2 25 | 69.8% | — | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 61.9% | 2.8% | ||
| Q2 24 | 90.9% | — | ||
| Q1 24 | 78.6% | — |
净利率FNFSTUB
| Q4 25 | -21.5% | — | ||
| Q3 25 | 64.7% | -276.6% | ||
| Q2 25 | 50.8% | — | ||
| Q1 25 | 18.2% | — | ||
| Q4 24 | 91.3% | — | ||
| Q3 24 | 52.6% | -7.6% | ||
| Q2 24 | 60.7% | — | ||
| Q1 24 | 58.9% | — |
每股收益（稀释后）FNFSTUB
| Q4 25 | $-0.44 | — | ||
| Q3 25 | $1.33 | $-4.27 | ||
| Q2 25 | $1.02 | — | ||
| Q1 25 | $0.30 | — | ||
| Q4 24 | $1.65 | — | ||
| Q3 24 | $0.97 | $-0.15 | ||
| Q2 24 | $1.12 | — | ||
| 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 | $1.4B |
| 总债务越低越好 | $4.4B | $1.7B |
| 股东权益账面价值 | $7.4B | $1.7B |
| 总资产 | $109.0B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资FNFSTUB
| Q4 25 | $2.6B | — | ||
| Q3 25 | $3.5B | $1.4B | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $5.0B | $1.1B | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $3.5B | — |
总债务FNFSTUB
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | $1.7B | ||
| 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FNFSTUB
| Q4 25 | $7.4B | — | ||
| Q3 25 | $8.4B | $1.7B | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $7.9B | — | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $8.1B | $815.9M | ||
| Q2 24 | $7.3B | — | ||
| Q1 24 | $7.1B | — |
总资产FNFSTUB
| Q4 25 | $109.0B | — | ||
| Q3 25 | $106.6B | $5.6B | ||
| Q2 25 | $102.3B | — | ||
| Q1 25 | $98.2B | — | ||
| Q4 24 | $95.4B | — | ||
| Q3 24 | $94.7B | — | ||
| Q2 24 | $88.8B | — | ||
| Q1 24 | $84.5B | — |
负债/权益比FNFSTUB
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.53× | 0.98× | ||
| 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 | $181.4M |
| 自由现金流经营现金流 - 资本支出 | — | $180.3M |
| 自由现金流率自由现金流/营收 | — | 38.5% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流FNFSTUB
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | $181.4M | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.6B | — |
自由现金流FNFSTUB
| Q4 25 | — | — | ||
| Q3 25 | — | $180.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率FNFSTUB
| Q4 25 | — | — | ||
| Q3 25 | — | 38.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度FNFSTUB
| Q4 25 | — | — | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率FNFSTUB
| Q4 25 | — | — | ||
| Q3 25 | 3.66× | — | ||
| Q2 25 | 6.82× | — | ||
| Q1 25 | 13.43× | — | ||
| Q4 24 | 3.32× | — | ||
| Q3 24 | 8.89× | — | ||
| Q2 24 | 4.45× | — | ||
| 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% |
STUB
| Transaction Fees | $453.4M | 97% |
| Other | $14.7M | 3% |
