The Filing Desk

Cincinnati Financial vs Fidelity National Financial

Cincinnati Financial CINF · Fidelity National Financial FNF · Property & Casualty Insurance

Fidelity National Financial reported revenue of $14.4 billion in fiscal 2025, about the same as Cincinnati Financial's $12.6 billion in fiscal 2025. Cincinnati Financial's revenue grew 11.4% in its latest year, and Fidelity National Financial's grew 5.6%.

Side by side

Cincinnati FinancialFidelity National Financial
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$12.6B$14.4B
Revenue growth11.4%5.6%
Revenue growth a year, last 5 years10.9%6.0%
Gross margin——
Operating margin——
Net margin18.9%4.2%
Free cash flow$3.1B—
Free cash flow margin24.5%—
Return on capital17.1%—
Net debt to EBITDA−0.3x−0.1x
Dividends and buybacks$730M$797M
Change in diluted share count−0.1%−0.4%
Last close$177.31$39.94
P/E at the last close10.4×13.9×
Insider trades, last 12 monthsbought $511,128, sold $1.3 millionsold $7.9 million
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Cincinnati FinancialFidelity National Financial
Operating margin
Percent of revenue
Cincinnati FinancialFidelity National Financial
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Cincinnati FinancialFidelity National Financial

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Cincinnati Financial and Fidelity National Financial pages.