FNFFidelity National Financial, Inc.
Title Insurance
- Revenue
- $2.1B
- 9.1% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $796M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear968% of net incomeCash flow under 80% of net income
- Dilutive SBCClear4% of revenueOver 10% of revenue
- Payouts exceed cash flowClear14% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear5% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.8B | $2.2B | $1.9B | $1.9B | $2.1B | 9.1% |
| Net income | $2.8B | $1.3B | $517M | $1.3B | $602M | 53% |
| Operating cash flow | $4.1B | $4.4B | $6.5B | $6.8B | $5.8B | 14% |
| Stock-based comp | $42M | $49M | $60M | $82M | $88M | 7.3% |
| Buybacks | $463M | $553M | $6M | $0 | $251M | |
| Dividends | $446M | $489M | $500M | $532M | $546M | 2.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 185 | 147 |
| FY2024 | — | — | 158 | 136 |
| FY2023 | — | — | 139 | 131 |
| FY2022 | — | — | 98 | 101 |
| FY2021 | — | — | 124 | 151 |