Fidelity National Financial vs Markel Group
Fidelity National Financial and Markel Group are similar in size: $14.45bn and $15.51bn of revenue in their latest fiscal years. Fidelity National Financial grew faster (5.6% against 4.7%). Markel Group kept more of each dollar of sales as profit: a net margin of 13.6% against 4.2%. Markel Group carries less debt relative to equity (23.1% against 60.0%).
| Latest fiscal year | Fidelity National FinancialFNF, 2025 | Markel GroupMKL, 2025 |
|---|---|---|
| Revenue | $14.45bn | $15.51bn |
| Revenue growth | 5.6% | 4.7% |
| Net income | $602m | $2.11bn |
| Operating margin | — | 20.6% |
| Net margin | 4.2% | 13.6% |
| Return on equity | 7.9% | 11.9% |
| Free cash flow | $5.83bn | $2.55bn |
| Cash | $2.64bn | $3.96bn |
| Total debt | $4.45bn | $4.30bn |
| Debt to equity | 60.0% | 23.1% |
| Dividend per share | $2.02 | — |
| Dividend yield | 4.9% | — |
| Share buybacks | $251m | $430m |
| Employees | 24,535 | 22,900 |
| Market value | $11.08bn | $23.64bn |
| Price vs our value range | — | — |
| Moat score | 75 (Strong) | 60 (Moderate) |
| Insider trades, 12 months | 0 buys, 5 sales | 3 buys, 23 sales |