FNF Financial Services

Fidelity National Financial, Inc.

$41.39-1.87%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Financial Services
Industry: Insurance - Specialty
Country: United States
Market cap: 11.1B USD
Full-time employees: 24,535

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #722 of 791 banks & insurance companies (bottom 9%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $230M vs $257M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Fidelity National Financial recorded $230M of stock-based pay expense and spent $257M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Fidelity National Financial recorded $230M of stock-based pay expense and spent $257M repurchasing shares.
Swings more than its peers. Beta 0.99: swings more than most peers, though less than the market.
Fidelity National Financial's shares have swung more with the market than most peers' (beta 0.99).

StockQuotient Score

25/ 100▼ 2 since Oct 27 close

Oct 5 28 → Nov 4 25 (-3)

Valuation

Is the price right?

35/100

Weak▼ 4 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 39 → 35

Share price +4.9%-4

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ P/B
▼ Earnings yield

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield67.1%

SEC filings · latest balance sheetReported value40% base weight · Z-score -0.43Sector median: 0.7950 · MAD: 0.2843

Earnings yield7.0%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score -0.37Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yield18.2%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield48.9%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

7/100

Weak

1/1 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 2.8%

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth-27.4%

SEC filings · 12 months to Jun 2026Reported value100% base weight · Z-score -2.44Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth10.8%

SEC filings · 3 years to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth13.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

34/100

Weak

2/2 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets0.7%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.80Sector median: 0.0117 · MAD: 0.0062

Return on equity10.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.10Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Fidelity National Financial

Is Fidelity National Financial getting weaker?: Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is 25/100, down 2 since Oct 28, 2026.
How is Fidelity National Financial valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 35/100 against 950 banks & insurance peers. Book yield 67.1% vs a peer median of 79.5% (weaker than 63% of peers).Book yield 67.1% vs peers 79.5% (weaker than 63% of peers).
Is Fidelity National Financial growing?: More slowly than most of its peers. Growth scores 7/100 against 950 banks & insurance peers. Earnings per share growth -27.4% vs a peer median of 16.0% (weaker than 93% of peers).Earnings per share growth -27.4% vs peers 16.0% (weaker than 93% of peers).
How profitable is Fidelity National Financial?: Less profitable than most of its peers. Profitability scores 34/100 against 950 banks & insurance peers. Return on assets 0.7% vs a peer median of 1.2% (weaker than 72% of peers).Return on assets 0.7% vs peers 1.2% (weaker than 72% of peers).
How risky is Fidelity National Financial?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	14.9B USD	15.4B USD	+2.8%
Net income (12 months)	762.0M USD	772.0M USD	+1.3%
Debt	4.4B USD	4.4B USD	−0.5%
Cash	2.5B USD	3.6B USD	+45.2%
Shares outstanding	269.2M	268.2M	−0.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Banks & Insurance · 209 companies

Valuations in Banks & Insurance are within their usual range since 2016.

55% of months since 2016 were valued lower than now.
27% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +25% and earnings +33% (medians): prices and earnings moved broadly together.
Median price-to-book is −57% vs the whole market, against a usual −57%.

2016Shaded: most expensive fifth of its range2026

Shown for Banks & Insurance: too few Insurance - Specialty companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	17.9%	11.2%	4.4%	9.3%	4.2%	▼ 5.1 pts
Return on assets (ROA)	4.6%	2.0%	0.6%	1.3%	0.6%	▼ 0.8 pts
Return on equity (ROE)	29.7%	21.2%	7.5%	16.4%	8.1%	▼ 8.3 pts
Debt to equity	0.33×	0.53×	0.56×	0.56×	0.59×	▲ 6.4%

FNF price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #722 of 791 banks & insurance companies (bottom 9%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $230M vs $257M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years Fidelity National Financial recorded $230M of stock-based pay expense and spent $257M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Fidelity National Financial recorded $230M of stock-based pay expense and spent $257M repurchasing shares.

Swings more than its peers. Beta 0.99: swings more than most peers, though less than the market.

Fidelity National Financial's shares have swung more with the market than most peers' (beta 0.99).

Questions investors ask about Fidelity National Financial

Is Fidelity National Financial getting weaker?

Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is 25/100, down 2 since Oct 28, 2026.

How is Fidelity National Financial valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 35/100 against 950 banks & insurance peers. Book yield 67.1% vs a peer median of 79.5% (weaker than 63% of peers).Book yield 67.1% vs peers 79.5% (weaker than 63% of peers).

Is Fidelity National Financial growing?

More slowly than most of its peers. Growth scores 7/100 against 950 banks & insurance peers. Earnings per share growth -27.4% vs a peer median of 16.0% (weaker than 93% of peers).Earnings per share growth -27.4% vs peers 16.0% (weaker than 93% of peers).

How profitable is Fidelity National Financial?

Less profitable than most of its peers. Profitability scores 34/100 against 950 banks & insurance peers. Return on assets 0.7% vs a peer median of 1.2% (weaker than 72% of peers).Return on assets 0.7% vs peers 1.2% (weaker than 72% of peers).

How risky is Fidelity National Financial?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

14.9B USD

15.4B USD

+2.8%

Net income (12 months)

762.0M USD

772.0M USD

+1.3%

Debt

4.4B USD

4.4B USD

−0.5%

Cash

2.5B USD

3.6B USD

+45.2%

Shares outstanding

269.2M

268.2M

−0.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

17.9%

11.2%

4.4%

9.3%

4.2%

▼ 5.1 pts

Return on assets (ROA)

4.6%

2.0%

0.6%

1.3%

0.6%

▼ 0.8 pts

Return on equity (ROE)

29.7%

21.2%

7.5%

16.4%

8.1%

▼ 8.3 pts

Debt to equity

0.33×

0.53×

0.56×

0.59×

▲ 6.4%