STC STEWART INFORMATION SERVICES CORP

Overview and Growth

STEWART INFORMATION SERVICES CORP generated $2.92B of revenue in fiscal 2025, with net income of $115.53M and an operating cash inflow of $205.69M. Revenue of $2.92B sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 17.3% from $2.49B in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of $4.05, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 55.2% increase from fiscal 2024 diluted EPS of $2.61. The diluted weighted-average share count was 28.56M, linking total earnings with the per-share result received by shareholders. The company employed $3.25B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.9x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Net income came to $115.53M, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 4.0%, meaning that this portion of revenue remained as net income after all recognized expenses. The earnings statement records $165.57M of pretax income, the profit base against which the reported tax provision can be assessed. Measured against revenue, pretax income equaled 5.7%, adding a pre-tax profitability layer between revenue and net income. Income tax expense totaled $35.41M, providing the reported tax component that separates pretax and after-tax earnings. The income-tax provision equaled 21.4% of pretax income, showing the tax burden absorbed by the year’s earnings. Return on period-end equity was 7.0%, relating annual net income to the equity capital on the balance sheet. Return on period-end assets was 3.6%, connecting net income with the company’s total asset base. Current net income of $115.53M was above fiscal 2024 net income of $73.31M, showing the direction of the bottom-line change.

Liquidity and Capital Structure

At period end, the $3.25B asset base was financed through $1.60B of liabilities and $1.65B of equity. Reported cash and equivalents were $321.77M, separating immediately recognizable cash resources from the rest of the current-asset base. Equity equaled 50.7% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 49.3% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 9.9%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 19.1% from $2.73B in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 17.0% from $1.41B in fiscal 2024, placing the current capital base higher year over year. Compared with $216.30M in fiscal 2024, the current cash balance moved 48.8% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was $205.69M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 1.78x, showing the relationship between accrual earnings and operating cash. Capital expenditures used $73.41M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 35.7% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $132.28M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 4.5%, showing how much sales converted into cash after investment. The free-cash-flow-to-assets relationship was 4.1%, comparing post-investment cash with the balance-sheet asset base. Compared with $135.61M in fiscal 2024, current operating cash flow of $205.69M was above the prior result.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.