Arch Capital Group vs Fidelity National Financial
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KIRAβs take AI analyst
I put Arch Capital Group and Fidelity National Financial side by side, using each oneβs latest annual report. Here is what stands out:
- Arch Capital Group is the larger business, with $19.9B of revenue in fiscal 2025 against $14.4B for Fidelity National Financial.
- Arch Capital Group grew revenue faster (14.3%, against 5.6%).
- Investors pay more for each dollar of Fidelity National Financialβs earnings: a P/E of 13.9x against 8.0x for Arch Capital Group.
Who comes out ahead
Of the 5 measures where higher (or lower) is clearly better, how many each company leads.
Arch Capital Group
ACGL
5/5
Revenue growth5-year growthNet marginReturn on equityShare count change
Fidelity National Financial
FNF
0/5
Side by side
Best in the row
| Latest fiscal year | ACGL FY25 | FNF FY25 |
|---|---|---|
| Size | ||
| Market cap | $35.7B | $10.7B |
| Revenue | $19.9B | $14.4B |
| Free cash flow | $6.1B | β |
| Net income | $4.4B | $602M |
| Growth | ||
| Revenue growth | 14.3% | 5.6% |
| 5-year growth | 18.6% | 6.0% |
| Share count change | β1.6% | β0.4% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 22.1% | 4.2% |
| FCF margin | 30.8% | β |
| Return on capital | β | β |
| Return on equity | 19.5% | 7.9% |
| Balance sheet | ||
| Net debt | β | β$156M |
| Net debt / EBITDA | β | β0.1x |
| Dividends and buybacks | $1.9B | $797M |
| Valuation & quality | ||
| P/E | 8.0x | 13.9x |
| Piotroski F-score | β | β |
Ten years
Revenue
FY16
ACGL $4.5B
FNF $7.3B
FY17
ACGL $5.6B
FNF $7.7B
FY18
ACGL $5.5B
FNF $7.6B
FY19
ACGL $6.9B
FNF $8.5B
FY20
ACGL $8.5B
FNF $10.8B
FY21
ACGL $9.2B
FNF $15.7B
FY22
ACGL $9.6B
FNF $11.6B
FY23
ACGL $13.6B
FNF $11.8B
FY24
ACGL $17.4B
FNF $13.7B
FY25
ACGL $19.9B
FNF $14.4B
ACGL
FNF
Operating margin
FY16
ACGL β
FNF β
FY17
ACGL β
FNF β
FY18
ACGL β
FNF β
FY19
ACGL β
FNF β
FY20
ACGL β
FNF β
FY21
ACGL β
FNF β
FY22
ACGL β
FNF β
FY23
ACGL β
FNF β
FY24
ACGL β
FNF β
FY25
ACGL β
FNF β
ACGL
FNF
Free cash flow
FY16
ACGL $1.4B
FNF β
FY17
ACGL $1.1B
FNF β
FY18
ACGL $1.5B
FNF β
FY19
ACGL $2.0B
FNF β
FY20
ACGL $2.8B
FNF β
FY21
ACGL $3.4B
FNF β
FY22
ACGL $3.8B
FNF β
FY23
ACGL $5.7B
FNF β
FY24
ACGL $6.6B
FNF β
FY25
ACGL $6.1B
FNF β
ACGL
FNF
Return on capital
FY16
ACGL β
FNF 9.3%
FY17
ACGL β
FNF 13.1%
FY18
ACGL β
FNF 17.7%
FY19
ACGL β
FNF 28.6%
FY20
ACGL β
FNF 26.4%
FY21
ACGL β
FNF 35.6%
FY22
ACGL β
FNF 20.9%
FY23
ACGL β
FNF β
FY24
ACGL β
FNF β
FY25
ACGL β
FNF β
ACGL
FNF
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.