Arch Capital vs Fidelity National Financial
Arch Capital is the larger business, with $19.93bn of revenue in fiscal 2025 against $14.45bn for Fidelity National Financial (1.4 times as much). Arch Capital grew faster (14.3% against 5.6%). Arch Capital kept more of each dollar of sales as profit: a net margin of 22.1% against 4.2%. Arch Capital carries less debt relative to equity (0.0% against 60.0%).
| Latest fiscal year | Arch CapitalACGL, 2025 | Fidelity National FinancialFNF, 2025 |
|---|---|---|
| Revenue | $19.93bn | $14.45bn |
| Revenue growth | 14.3% | 5.6% |
| Net income | $4.40bn | $602m |
| Operating margin | — | — |
| Net margin | 22.1% | 4.2% |
| Return on equity | 19.5% | 7.9% |
| Free cash flow | $6.13bn | $5.83bn |
| Cash | $993m | $2.64bn |
| Total debt | $0 | $4.45bn |
| Debt to equity | 0.0% | 60.0% |
| Dividend per share | — | $2.02 |
| Dividend yield | — | 4.9% |
| Share buybacks | $1.89bn | $251m |
| Employees | 8,000 | 24,535 |
| Market value | $38.67bn | $11.08bn |
| Price vs our value range | — | — |
| Moat score | 84 (Strong) | 75 (Strong) |
| Insider trades, 12 months | 1 buys, 11 sales | 0 buys, 5 sales |