
Fidelity National (FNF) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
3.6B
Net Income
293.0M
8.20%
EPS (Diluted)
$1.02
Balance Sheet Metrics
Total Assets
98.2B
Total Liabilities
89.4B
Shareholders Equity
8.8B
Debt to Equity
10.16
Cash Flow Metrics
Operating Cash Flow
150.0M
Free Cash Flow
1.1B
Revenue & Profitability Trend
Fidelity National Income Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 13.4B | 11.5B | 11.5B | 15.1B | 10.7B |
Cost of Goods Sold | - | - | - | - | - |
Gross Profit | - | - | - | - | - |
Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Operating Expenses | |||||
Research & Development | - | - | - | - | - |
Selling, General & Administrative | 3.1B | 2.9B | 3.2B | 3.5B | 3.0B |
Other Operating Expenses | 1.6B | 1.5B | 1.7B | 1.9B | 1.8B |
Total Operating Expenses | 4.7B | 4.4B | 4.9B | 5.5B | 4.7B |
Operating Income | - | - | - | - | - |
Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Non-Operating Items | |||||
Interest Income | - | - | - | - | - |
Interest Expense | 209.0M | 174.0M | 115.0M | 114.0M | 90.0M |
Other Non-Operating Income | - | - | - | - | - |
Pre-tax Income | 1.7B | 693.0M | 1.7B | 3.6B | 1.8B |
Income Tax | 367.0M | 192.0M | 439.0M | 813.0M | 322.0M |
Effective Tax Rate % | 21.1% | 27.7% | 25.4% | 22.8% | 18.0% |
Net Income | 1.4B | 518.0M | 1.3B | 2.8B | 1.5B |
Net Margin % | 10.4% | 4.5% | 11.4% | 18.7% | 13.6% |
Key Metrics | |||||
EBITDA | - | - | - | - | - |
EPS (Basic) | $4.69 | $1.91 | $4.13 | $8.50 | $5.02 |
EPS (Diluted) | $4.65 | $1.91 | $4.10 | $8.44 | $4.99 |
Basic Shares Outstanding | 271000000 | 270000000 | 275000000 | 285000000 | 284000000 |
Diluted Shares Outstanding | 271000000 | 270000000 | 275000000 | 285000000 | 284000000 |
Income Statement Trend
Fidelity National Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 3.4B | 2.5B | 2.0B | 3.9B | 2.4B |
Short-term Investments | 27.6B | 24.1B | 19.2B | 32.5B | 28.4B |
Accounts Receivable | 13.9B | 9.4B | 5.9B | 4.3B | 3.6B |
Inventory | - | - | - | - | - |
Other Current Assets | - | - | - | - | - |
Total Current Assets | - | - | - | - | - |
Non-Current Assets | |||||
Property, Plant & Equipment | - | - | - | - | - |
Goodwill | 16.9B | 14.8B | 13.6B | 12.2B | 11.8B |
Intangible Assets | 6.4B | 4.9B | 4.1B | 2.8B | 2.5B |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | - | - | - | - | - |
Total Non-Current Assets | - | - | - | - | - |
Total Assets | 95.4B | - | - | - | - |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 191.0M | 339.0M | 156.0M | 129.0M | 115.0M |
Short-term Debt | - | - | - | - | - |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | - | - | - | - | - |
Total Current Liabilities | - | - | - | - | - |
Non-Current Liabilities | |||||
Long-term Debt | 4.7B | 4.3B | 3.7B | 3.5B | 3.1B |
Deferred Tax Liabilities | - | 29.0M | 71.0M | 205.0M | 300.0M |
Other Non-Current Liabilities | - | - | - | - | - |
Total Non-Current Liabilities | - | - | - | - | - |
Total Liabilities | 86.8B | - | - | - | - |
Equity | |||||
Common Stock | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | 6.0B | 5.2B | 5.2B | 4.4B | 2.4B |
Treasury Stock | 2.2B | 2.1B | 2.1B | 1.5B | 1.1B |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 8.5B | 7.5B | 6.6B | 9.5B | 8.4B |
Key Metrics | |||||
Total Debt | 4.7B | 4.3B | 3.7B | 3.5B | 3.1B |
Working Capital | 0 | 0 | 0 | 0 | 0 |
Balance Sheet Composition
Fidelity National Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 1.4B | 518.0M | 1.3B | 2.8B | 1.5B |
Depreciation & Amortization | - | - | - | - | - |
Stock-Based Compensation | 82.0M | 60.0M | 49.0M | 42.0M | 39.0M |
Working Capital Changes | -267.0M | 449.0M | -263.0M | 278.0M | -104.0M |
Operating Cash Flow | 875.0M | 850.0M | 677.0M | 2.9B | 1.3B |
Investing Activities | |||||
Capital Expenditures | -146.0M | -132.0M | -138.0M | -131.0M | -110.0M |
Acquisitions | -1.7B | -1.6B | -1.3B | -1.8B | -1.2B |
Investment Purchases | -18.9B | -14.0B | -15.7B | -16.0B | -5.0B |
Investment Sales | 12.3B | 6.2B | 6.3B | 10.1B | 3.7B |
Investing Cash Flow | -8.5B | -9.5B | -10.9B | -7.9B | -2.6B |
Financing Activities | |||||
Share Repurchases | 0 | -24.0M | -553.0M | -463.0M | -236.0M |
Dividends Paid | -532.0M | -500.0M | -489.0M | -446.0M | -389.0M |
Debt Issuance | 1.1B | 851.0M | 550.0M | 449.0M | 2.2B |
Debt Repayment | -615.0M | -185.0M | -400.0M | 0 | -1.0B |
Financing Cash Flow | 1.7B | 3.1B | 4.1B | 5.0B | 2.0B |
Free Cash Flow | 6.7B | 6.3B | 4.2B | 4.0B | 1.5B |
Net Change in Cash | -5.9B | -5.6B | -6.1B | -97.0M | 747.0M |
Cash Flow Trend
Fidelity National Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
15.13
Forward P/E
9.61
Price to Book
2.05
Price to Sales
1.19
PEG Ratio
-1.55
Profitability Ratios
Profit Margin
7.90%
Operating Margin
12.01%
Return on Equity
13.75%
Return on Assets
1.15%
Financial Health
Current Ratio
0.98
Debt to Equity
54.14
Beta
1.06
Per Share Data
EPS (TTM)
$3.93
Book Value per Share
$29.07
Revenue per Share
$50.22
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
fnf | 16.2B | 15.13 | 2.05 | 13.75% | 7.90% | 54.14 |
Ryan Specialty | 15.6B | 147.55 | 12.30 | 16.98% | 2.02% | 309.01 |
Axis Capital | 7.3B | 8.99 | 1.30 | 15.07% | 14.30% | 24.11 |
First American | 6.6B | 35.65 | 1.29 | 3.84% | 2.90% | 51.53 |
MGIC Investment | 6.3B | 9.00 | 1.24 | 14.85% | 62.58% | 12.52 |
Essent | 6.2B | 9.10 | 1.10 | 12.94% | 56.36% | 8.72 |
Financial data is updated regularly. All figures are in the company's reporting currency.