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FNF (Fidelity National Financial) Degree of Operating Leverage : 10.32 (As of Mar. 2025)


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What is Fidelity National Financial Degree of Operating Leverage?

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. Fidelity National Financial's Degree of Operating Leverage for the quarter that ended in Mar. 2025 was 10.32. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for Fidelity National Financial's Degree of Operating Leverage or its related term are showing as below:

FNF's Degree of Operating Leverage is ranked worse than
91.04% of 335 companies
in the Insurance industry
Industry Median: 1.06 vs FNF: 10.32

Fidelity National Financial Degree of Operating Leverage Historical Data

The historical data trend for Fidelity National Financial's Degree of Operating Leverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fidelity National Financial Degree of Operating Leverage Chart

Fidelity National Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Degree of Operating Leverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.23 2.35 2.08 -92.00 7.86

Fidelity National Financial Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Degree of Operating Leverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 6.80 0.79 7.86 10.32

Competitive Comparison of Fidelity National Financial's Degree of Operating Leverage

For the Insurance - Specialty subindustry, Fidelity National Financial's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fidelity National Financial's Degree of Operating Leverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Fidelity National Financial's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where Fidelity National Financial's Degree of Operating Leverage falls into.


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Fidelity National Financial Degree of Operating Leverage Calculation

Fidelity National Financial's Degree of Operating Leverage for the quarter that ended in Mar. 2025 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( 1742 (Mar. 2025) / 1279 (Mar. 2024) - 1 )/( 12782 (Mar. 2025) / 12349 (Mar. 2024) - 1 )
=0.362/0.0351
=10.32***

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


Fidelity National Financial  (NYSE:FNF) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


Fidelity National Financial Degree of Operating Leverage Related Terms

Thank you for viewing the detailed overview of Fidelity National Financial's Degree of Operating Leverage provided by GuruFocus.com. Please click on the following links to see related term pages.


Fidelity National Financial Business Description

Traded in Other Exchanges
Address
601 Riverside Avenue, Jacksonville, FL, USA, 32204
Fidelity National Financial Inc is a provider of (i) title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty and (ii) transaction services to the real estate and mortgage industries. It operates in three segments: Title, F&G, Corporate and Other. The title segment that derives the majority of revenue consists of the operations of title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. Substantially all of the company's revenue is generated in the United States.
Executives
Halim Dhanidina director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Sandra Douglass Morgan director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Peter T Sadowski officer: EVP, Chief Legal Officer FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Anthony Park officer: EVP & Chief Financial Officer 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Cary H Thompson director 1999 AVE OF THE STARS, 32ND FL, LOS ANGELES CA 90067
Daniel D Lane director 14 CORPORATE PLZ, SUITE 150, NEWPORT BEACH CA 92660
Michael Joseph Nolan officer: President 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Shea Peter O Jr director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Thomas M Hagerty director C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35 FLOOR, BOSTON MA 02110
Raymond R Quirk director, officer: Chief Executive Officer 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Roger S Jewkes officer: Chief Operating Officer 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Michael L Gravelle officer: Executive Vice President 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Douglas K Ammerman director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Foley William P Ii director FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
John D Rood director 3020 HARTLEY ROAD SUITE 300, JACKSONVILLE FL 32257