Fidelity National Financial, Inc. - Understand $fnf stock

$FNF Market Cap: $17.03 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$13.49B

TTM

Gross Margin

98.19%

TTM

Net Earnings

$751.0M

TTM

Current Assets

Current Liabilities

$5.545B

Q3 2024

Current Ratio

Total Assets

$94.67B

Q3 2024

Total Liabilities

$85.77B

Q3 2024

Book Value

$8.902B

Q3 2024

Cash

$4.970B

Q3 2024

P/E

22.68

Nov 29, 2024 EST

Free Cash Flow

$7.436B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$11.75B	$11.56B	$15.64B	$10.78B	$8.469B	$7.594B	$7.663B	$7.257B	$6.664B	$8.024B	$7.440B	$6.668B	$4.800B	$5.413B	$5.521B	$3.936B	$5.137B	$9.434B	$9.655B	$8.296B	$5.971B	$4.467B
YoY Change	1.7%	-26.13%	45.14%	27.26%	11.52%	-0.9%	5.59%	8.9%	-16.95%	7.85%	11.58%	38.92%	-11.33%	-1.96%	40.28%	-23.38%	-45.55%	-2.29%	16.38%	38.94%	33.67%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$11.75B	$11.56B	$15.64B	$10.78B	$8.469B	$7.594B	$7.663B	$7.257B	$6.664B	$8.024B	$7.440B	$6.668B	$4.800B	$5.413B	$5.521B	$3.936B	$5.137B	$9.434B	$9.655B	$8.296B	$5.971B	$4.467B
Cost Of Revenue					$240.0M	$221.0M	$238.0M	$157.0M	$246.0M	$228.0M	$291.0M	$279.0M	$222.0M	$248.9M	$264.7M
Gross Profit					$8.229B	$7.373B	$7.425B	$7.100B	$6.418B	$7.796B	$7.149B	$6.389B	$4.578B	$5.164B	$5.257B
Gross Profit Margin					97.17%	97.09%	96.89%	97.84%	96.31%	97.16%	96.09%	95.82%	95.38%	95.4%	95.21%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Selling, General & Admin	$2.908B	$3.334B	$3.667B	$3.101B	$2.842B	$2.538B	$2.460B	$2.275B	$2.137B	$2.540B	$2.061B	$1.834B	$1.568B	$1.579B	$1.620B	$1.292B	$1.640B	$3.225B	$3.225B	$2.786B	$1.693B	$1.260B
YoY Change	-12.78%	-9.08%	18.25%	9.11%	11.98%	3.17%	8.13%	6.46%	-15.87%	23.24%	12.38%	16.96%	-0.7%	-2.53%	25.39%	-21.22%	-49.15%	0.0%	15.76%	64.56%	34.37%
% of Gross Profit					34.54%	34.42%	33.13%	32.04%	33.3%	32.58%	28.83%	28.71%	34.25%	30.57%	30.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$593.0M	$496.0M	$645.0M	$296.0M	$178.0M	$182.0M	$389.0M	$431.0M	$410.0M	$476.0M	$209.0M	$103.0M	$73.00M	$86.70M	$105.0M	$142.8M	$130.1M	$460.8M	$406.3M	$338.4M	$79.10M	$53.00M
YoY Change	19.56%	-23.1%	117.91%	66.29%	-2.2%	-53.21%	-9.74%	5.12%	-13.87%	127.75%	102.91%	41.1%	-15.8%	-17.43%	-26.47%	9.76%	-71.77%	13.41%	20.07%	327.81%	49.25%
% of Gross Profit					2.16%	2.47%	5.24%	6.07%	6.39%	6.11%	2.92%	1.61%	1.59%	1.68%	2.0%
Operating Expenses	$10.89B	$9.906B	$12.45B	$8.904B	$7.053B	$6.801B	$6.751B	$6.238B	$5.821B	$7.505B	$6.751B	$5.858B	$4.338B	$4.818B	$5.170B	$4.180B	$4.939B	$8.283B	$7.874B	$7.065B	$4.874B	$3.689B
YoY Change	9.88%	-20.41%	39.78%	26.24%	3.71%	0.74%	8.22%	7.16%	-22.44%	11.17%	15.24%	35.04%	-9.96%	-6.81%	23.68%	-15.37%	-40.37%	5.19%	11.45%	44.95%	32.12%
Operating Profit					$1.176B	$572.0M	$674.0M	$862.0M	$597.0M	$291.0M	$398.0M	$531.0M	$240.0M	$346.4M	$86.60M
YoY Change					105.59%	-15.13%	-21.81%	44.39%	105.15%	-26.88%	-25.05%	121.25%	-30.72%	300.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Interest Expense	$174.0M	$115.0M	$114.0M	$90.00M	$47.00M	$43.00M	$48.00M	$64.00M	$73.00M	$127.0M	$73.00M	$64.00M	$57.00M	$46.20M	$36.70M	-$58.00M	-$52.00M	-$210.0M	-$172.0M	-$47.00M	-$5.000M	-$9.000M
YoY Change	51.3%	0.88%	26.67%	91.49%	9.3%	-10.42%	-25.0%	-12.33%	-42.52%	73.97%	14.06%	12.28%	23.38%	25.89%	-163.28%	11.54%	-75.24%	22.09%	265.96%	840.0%	-44.44%
% of Operating Profit					4.0%	7.52%	7.12%	7.42%	12.23%	43.64%	18.34%	12.05%	23.75%	13.34%	42.38%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Pretax Income	$693.0M	$1.535B	$3.083B	$1.784B	$1.369B	$750.0M	$864.0M	$955.0M	$770.0M	$392.0M	$616.0M	$746.0M	$405.0M	$548.7M	$315.1M	-$303.0M	$146.0M	$942.0M	$1.608B	$1.184B	$1.092B	$769.0M
YoY Change	-54.85%	-50.21%	72.81%	30.31%	82.53%	-13.19%	-9.53%	24.03%	96.43%	-36.36%	-17.43%	84.2%	-26.19%	74.14%	-203.99%	-307.53%	-84.5%	-41.42%	35.81%	8.42%	42.0%
Income Tax	$192.0M	$398.0M	$713.0M	$322.0M	$308.0M	$120.0M	$235.0M	$347.0M	$274.0M	$312.0M	$195.0M	$242.0M	$131.0M	$189.8M	$96.80M	-$128.0M	$36.00M	$351.0M	$573.0M	$438.0M	$408.0M	$277.0M
% Of Pretax Income	27.71%	25.93%	23.13%	18.05%	22.5%	16.0%	27.2%	36.34%	35.58%	79.59%	31.66%	32.44%	32.35%	34.59%	30.72%		24.66%	37.26%	35.63%	36.99%	37.36%	36.02%
Net Earnings	$517.0M	$1.136B	$2.422B	$1.427B	$1.062B	$628.0M	$771.0M	$650.0M	$527.0M	$583.0M	$394.0M	$607.0M	$369.0M	$370.1M	$222.3M	-$179.0M	$130.0M	$438.0M	$964.0M	$741.0M	$683.0M	$492.0M
YoY Change	-54.49%	-53.1%	69.73%	34.37%	69.11%	-18.55%	18.62%	23.34%	-9.61%	47.97%	-35.09%	64.5%	-0.3%	66.49%	-224.19%	-237.69%	-70.32%	-54.56%	30.09%	8.49%	38.82%
Net Earnings / Revenue	4.4%	9.83%	15.48%	13.24%	12.54%	8.27%	10.06%	8.96%	7.91%	7.27%	5.3%	9.1%	7.69%	6.84%	4.03%	-4.55%	2.53%	4.64%	9.98%	8.93%	11.44%	11.01%
Basic Earnings Per Share	$1.91	$4.13	$8.50	$5.02	$3.89	$2.30					$1.75	$2.75	$1.68	$1.64	$0.99
Diluted Earnings Per Share	$1.91	$4.10	$8.44	$4.99	$3.83	$2.26	$2.235M	$1.857M	$1.432M	$1.761M	$1.71	$2.69	$1.65	$1.61	$0.97	-$852.4K	$590.9K	$2.393M	$5.540M	$4.283M	$3.948M	$2.844M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$2.767B	$2.286B	$4.360B	$2.719B	$1.376B	$1.257B	$1.110B	$1.049B	$780.0M	$700.0M	$1.969B	$1.132B	$666.0M	$581.0M	$202.0M	$315.0M	$570.0M	$676.0M	$513.0M	$268.0M	$396.0M
Short-Term Investments
Other Short-Term Assets												$673.0M	$682.0M	$389.0M	$332.0M	$633.0M	$468.0M	$272.0M	$656.0M	$312.0M	$297.0M
YoY Change												-1.32%	75.32%	17.17%	-47.55%	35.26%	72.06%	-58.54%	110.26%	5.05%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets												$673.0M	$688.0M	$405.0M	$389.0M	$748.0M	$535.0M	$298.0M	$656.0M	$376.0M	$341.0M
YoY Change												-2.18%	69.88%	4.11%	-47.99%	39.81%	79.53%	-54.57%	74.47%	10.26%
Property, Plant & Equipment	$516.0M	$555.0M	$561.0M	$554.0M	$586.0M	$164.0M	$193.0M	$192.0M	$510.0M	$635.0M	$645.0M	$632.0M	$166.0M	$180.0M	$190.0M	$307.0M	$266.0M	$254.0M	$375.0M	$165.0M	$161.0M
YoY Change	-7.03%	-1.07%	1.26%	-5.46%	257.32%	-15.03%	0.52%	-62.35%	-19.69%	-1.55%	2.06%	280.72%	-7.78%	-5.26%	-38.11%	15.41%	4.72%	-32.27%	127.27%	2.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$56.14B	$45.37B	$42.78B	$35.05B	$4.384B	$3.549B	$3.371B	$3.782B	$4.853B	$4.669B	$3.791B	$4.053B	$4.052B	$4.359B	$4.685B	$4.376B	$4.102B	$4.122B	$4.564B	$2.819B	$2.510B
YoY Change	23.73%	6.07%	22.05%	699.43%	23.53%	5.28%	-10.87%	-22.07%	3.94%	23.16%	-6.46%	0.02%	-7.04%	-6.96%	7.06%	6.68%	-0.49%	-9.68%	61.9%	12.31%
Other Assets			$0.00	$327.0M			$0.00	$5.219B						$32.00M	$129.0M	$139.0M	$0.00
YoY Change			-100.0%				-100.0%							-75.19%	-7.19%
Total Long-Term Assets												$9.230B	$7.174B	$7.483B	$7.545B	$7.620B	$7.053B	$6.962B	$10.45B	$4.698B	$4.442B
YoY Change												28.66%	-4.13%	-0.82%	-0.98%	8.04%	1.31%	-33.37%	122.41%	5.76%
Total Assets	$80.61B	$65.59B	$60.69B	$50.46B	$10.68B	$9.301B	$9.151B	$14.52B	$13.93B	$13.85B	$10.53B	$9.903B	$7.862B	$7.888B	$7.934B	$8.368B	$7.588B	$7.260B	$11.11B	$5.074B	$4.783B
YoY Change
Accounts Payable	$339.0M	$156.0M	$129.0M	$115.0M	$44.00M	$35.00M	$39.00M	$42.00M	$68.00M	$81.00M		$186.0M	$49.00M	$57.00M	$55.00M	$56.00M	$47.00M	$45.00M	$85.00M	$34.00M	$592.0M
YoY Change	117.31%	20.93%	12.17%	161.36%	25.71%	-10.26%	-7.14%	-38.24%	-16.05%			279.59%	-14.04%	3.64%	-1.79%	19.15%	4.44%	-47.06%	150.0%	-94.26%
Accrued Expenses	$2.973B	$2.318B	$2.837B	$2.584B	$1.381B	$816.0M	$809.0M	$788.0M	$1.000B	$1.063B		$1.033B	$768.0M	$643.0M	$641.0M	$772.0M	$776.0M	$888.0M	$1.157B	$570.0M
YoY Change	28.26%	-18.29%	9.79%	87.11%	69.24%	0.87%	2.66%	-21.2%	-5.93%			34.51%	19.44%	0.31%	-16.97%	-0.52%	-12.61%	-23.25%	102.98%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.134B	$3.632B	$4.116B	$3.583B	$2.337B	$1.778B	$1.922B	$1.797B	$2.029B	$1.930B	$1.888B	$1.940B	$1.283B	$1.218B	$1.186B	$1.421B	$1.642B	$1.974B	$2.727B	$1.339B	$1.264B
YoY Change	13.82%	-11.76%	14.88%	53.32%	31.44%	-7.49%	6.96%	-11.43%	5.13%	2.22%	-2.68%	51.21%	5.34%	2.7%	-16.54%	-13.46%	-16.82%	-27.61%	103.66%	5.93%
Long-Term Debt	$3.887B	$3.238B	$3.096B	$2.662B	$838.0M	$836.0M	$759.0M	$987.0M	$2.793B	$2.803B	$1.323B	$1.344B	$916.0M	$952.0M	$862.0M	$1.351B	$1.168B	$491.0M	$3.217B	$22.00M	$54.00M
YoY Change	20.04%	4.59%	16.3%	217.66%	0.24%	10.14%	-23.1%	-64.66%	-0.36%	111.87%	-1.56%	46.72%	-3.78%	10.44%	-36.2%	15.67%	137.88%	-84.74%	14522.73%	-59.26%
Other Long-Term Liabilities	$403.0M	$282.0M	$0.00	$361.0M			$0.00	$2.638B			$2.000M
YoY Change	42.91%		-100.0%				-100.0%
Total Long-Term Liabilities	$4.290B	$3.238B	$3.096B	$3.023B	$838.0M	$836.0M	$759.0M	$3.625B	$2.793B	$2.803B	$1.325B	$1.344B	$916.0M	$952.0M	$862.0M	$1.351B	$1.168B	$491.0M	$3.217B	$22.00M	$54.00M
YoY Change	32.49%	4.59%	2.41%	260.74%	0.24%	10.14%	-79.06%	29.79%	-0.36%	111.55%	-1.41%	46.72%	-3.78%	10.44%	-36.2%	15.67%	137.88%	-84.74%	14522.73%	-59.26%
Total Liabilities	$73.71B	$59.97B	$51.28B	$42.10B	$5.295B	$4.671B	$4.704B	$8.525B	$8.177B	$7.851B	$5.467B	$5.635B	$4.229B	$4.460B	$4.609B	$5.563B	$4.344B	$3.785B	$7.825B	$2.397B	$2.313B
YoY Change	22.9%	16.96%	21.78%	695.17%	13.36%	-0.7%	-44.82%	4.26%	4.15%	43.61%	-2.98%	33.25%	-5.18%	-3.23%	-17.15%	28.06%	14.77%	-51.63%	226.45%	3.63%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	270.0M shares	275.0M shares	285.0M shares	284.0M shares	273.0M shares	273.0M shares	138.0M shares	230.0M shares	221.0M shares	219.0M shares	226.2M shares	224.7M shares
Diluted Shares Outstanding	271.0M shares	277.0M shares	287.0M shares	286.0M shares	277.0M shares	278.0M shares		235.0M shares	226.0M shares	223.0M shares	229.3M shares	228.5M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $17.031 Billion

About Fidelity National Financial, Inc.

Fidelity National Financial, Inc. engages in the provision of title insurance and transaction services to the real estate and mortgage industries. The company is headquartered in Jacksonville, Florida and currently employs 22,293 full-time employees. The firm provides title insurance and transaction services to the real estate and mortgage industries. The company has three segments: Title, F&G, and Corporate and Other. Title segment consists of the operations of its title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services, including trust activities, trustee sales guarantees, and home warranty products. This segment also includes its transaction services business, which includes other title-related services used in the production and management of mortgage loans, including mortgage loans that experience default. F&G segment primarily consists of operations of its annuities and life insurance related businesses. This segment issues a portfolio of annuity and life insurance products through its retail distribution channels. Corporate and Other segment consists of the operations of the parent holding company.

Industry: Title Insurance Peers: AMERICAN FINANCIAL GROUP INC CINCINNATI FINANCIAL CORP CNA FINANCIAL CORP ERIE INDEMNITY CO First American Financial Corp Kinsale Capital Group, Inc. LOEWS CORP OLD REPUBLIC INTERNATIONAL CORP PROGRESSIVE CORP/OH/ SELECTIVE INSURANCE GROUP INC