Fidelity National Information Services vs Block
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The short version
- Block is the larger business, with $24.2B of revenue in fiscal 2025 against $10.7B for Fidelity National Information Services, about 2.3 times as much.
- Fidelity National Information Services grew revenue faster (5.4%, against 0.3%).
- Fidelity National Information Services kept more of each dollar of sales as operating profit (16.3% operating margin, against 7.1%).
- Fidelity National Information Services turned more of its sales into free cash flow (23.0% FCF margin, against 10.0%).
- Block earned a higher return on the capital invested in it (6.4%, against 5.1%).
- Investors pay more for each dollar of Block’s earnings: a P/E of 136.5x against 5.8x for Fidelity National Information Services.
| Latest fiscal year | FIS · FY25 | XYZ · FY25 |
|---|---|---|
| Size | ||
| Market cap | $19.4B | $46.5B |
| Revenue | $10.7B | $24.2B |
| Free cash flow | $2.5B | $2.4B |
| Net income | $382M | $1.3B |
| Growth | ||
| Revenue growth | 5.4% | 0.3% |
| 5-year growth | −3.2% | 20.6% |
| Share count change | −5.4% | −2.1% |
| Profitability | ||
| Gross margin | 36.9% | 42.8% |
| Operating margin | 16.3% | 7.1% |
| Net margin | 3.6% | 5.4% |
| FCF margin | 23.0% | 10.0% |
| Return on capital | 5.1% | 6.4% |
| Return on equity | 2.6% | 6.0% |
| Balance sheet | ||
| Net debt | $12.5B | $207M |
| Net debt / EBITDA | 3.4x | 0.1x |
| Dividends and buybacks | $2.3B | $2.3B |
| Valuation & quality | ||
| P/E | 5.8x | 136.5x |
| Piotroski F-score | 5 | 5 |
Revenue
FY16
FIS $8.8B
XYZ $1.7B
FY17
FIS $8.7B
XYZ $2.2B
FY18
FIS $8.4B
XYZ $3.3B
FY19
FIS $10.3B
XYZ $4.7B
FY20
FIS $12.6B
XYZ $9.5B
FY21
FIS $9.3B
XYZ $17.7B
FY22
FIS $9.7B
XYZ $17.5B
FY23
FIS $9.8B
XYZ $21.9B
FY24
FIS $10.1B
XYZ $24.1B
FY25
FIS $10.7B
XYZ $24.2B
FIS
XYZ
Operating margin
FY16
FIS 13.9%
XYZ −10.0%
FY17
FIS 16.5%
XYZ −2.5%
FY18
FIS 17.3%
XYZ −1.1%
FY19
FIS 9.4%
XYZ 0.6%
FY20
FIS 4.4%
XYZ −0.2%
FY21
FIS 11.1%
XYZ 0.9%
FY22
FIS 12.1%
XYZ −3.6%
FY23
FIS 14.7%
XYZ −1.3%
FY24
FIS 16.9%
XYZ 3.7%
FY25
FIS 16.3%
XYZ 7.1%
FIS
XYZ
Free cash flow
FY16
FIS $1.8B
XYZ −$2.3M
FY17
FIS $1.6B
XYZ $102M
FY18
FIS $1.9B
XYZ $234M
FY19
FIS $2.2B
XYZ $265M
FY20
FIS $4.2B
XYZ $34.7M
FY21
FIS $4.5B
XYZ $714M
FY22
FIS $3.7B
XYZ $5.1M
FY23
FIS $4.2B
XYZ −$50.2M
FY24
FIS $2.1B
XYZ $1.6B
FY25
FIS $2.5B
XYZ $2.4B
FIS
XYZ
Return on capital
FY16
FIS 4.0%
XYZ —
FY17
FIS 7.4%
XYZ −25.0%
FY18
FIS 6.3%
XYZ −4.9%
FY19
FIS 1.7%
XYZ 2.6%
FY20
FIS 0.5%
XYZ −1.5%
FY21
FIS 0.8%
XYZ 8.1%
FY22
FIS 1.7%
XYZ −5.3%
FY23
FIS 2.6%
XYZ −1.3%
FY24
FIS 3.9%
XYZ 5.0%
FY25
FIS 5.1%
XYZ 6.4%
FIS
XYZ
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.