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Fidelity National Financial vs First American Financial: FNF and FAF compared
Fidelity National Financial is the larger company: $3.6B of revenue in its latest quarter (Q3 2026) against $2.1B for First American Financial (Q3 2026). First American Financial is growing faster (+5% against -11% a year earlier). Fidelity National Financial is more profitable, with an operating margin of 34.8% against 10.9%.
Where the money goes: FNF and FAF
Fidelity National Financial (FNF) · Q3 2026
Fidelity National Financial, Q3 2026: revenue $3.6B (-11% year over year), operating margin 34.8%, net earnings $633M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
First American Financial (FAF) · Q3 2026
First American Financial, Q3 2026: revenue $2.1B (+5% year over year), operating margin 10.9%, net earnings $177M, operating cash flow $238M. The chart follows the revenue to costs, profit and cash.
| Fidelity National Financial (FNF) | First American Financial (FAF) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.6B | $2.1B |
| Revenue growth, Y/Y | -11% | +5% |
| Operating margin | 34.8% | 10.9% |
| Net earnings | $633M | $177M |
| Net margin | 17.7% | 8.5% |
| Operating cash flow | $1.4B | $238M |
| Free cash flow | — | $197M |
| Market value | $11.5B | $7.0B |
| P/E | 8.4× | 9.6× |
| Analysts’ mean target | $52.25 | $79.00 |
Questions
Which is bigger, Fidelity National Financial or First American Financial?
Fidelity National Financial is the larger company: $3.6B of revenue in its latest quarter (Q3 2026) against $2.1B for First American Financial (Q3 2026).
Is Fidelity National Financial or First American Financial growing faster?
First American Financial is growing faster (+5% against -11% a year earlier).
Which is more profitable, Fidelity National Financial or First American Financial?
Fidelity National Financial is more profitable, with an operating margin of 34.8% against 10.9%.
More: Fidelity National Financial earnings · how Fidelity National Financial makes money · First American Financial earnings · how First American Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Oct 23, 2026). Fiscal quarters can end on different dates. Not investment advice.