A Business at a Glance
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FIRST ADVANTAGE CORP
FA
$3.4B
Mkt Cap
$19.64
+2.40%
FIRST ADVANTAGE CORP (FA) has a 5-year average return on invested capital (ROIC) of 2.5%. This is below average and may indicate limited pricing power.
FIRST ADVANTAGE CORP (FA) has a market capitalization of $3.4B. It is classified as a mid-cap stock.
FIRST ADVANTAGE CORP (FA) does not currently pay a regular dividend.
FIRST ADVANTAGE CORP (FA) operates in the Services-Computer Processing & Data Preparation industry, within the Technology sector.
FIRST ADVANTAGE CORP (FA) reported annual revenue of $1.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
FIRST ADVANTAGE CORP (FA) has a net profit margin of -2.2%. The company is currently unprofitable.
FIRST ADVANTAGE CORP (FA) generated $188 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Our Company First Advantage Corporation (“First Advantage” or the “Company”) is a global software and data company. We provide comprehensive, end-to-end identity solutions, criminal background screening, credential verifications, drug and health screening, and continuous risk monitoring. Combining AI-powered proprietary technology platforms with proprietary data, primary source data, and third-party data, we help organizations hire with confidence and manage risk across the entire employee lifecycle. We transform screening data into actionable intelligence—with benchmarking, insights, and continuous monitoring that help organizations make smarter workforce decisions. With over 80,000 customers worldwide—including approximately two-thirds of the Fortune 100—we deliver fast, comprehensive, and reliable identity verification, screening, and monitoring solutions for employers, their candidates, and their employees.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.6B | 1.6B | 860M | 764M | 810M | 712M |
| Net Income | 8.5M | -35M | -110M | 37M | 65M | 16M |
| EPS | $0.05 | $-0.20 | $-0.74 | $0.26 | $0.43 | $0.11 |
| Free Cash Flow | 216M | 188M | 26M | 161M | 207M | 141M |
| ROIC | 8.6% | 4.1% | -4.5% | 4.9% | 5.3% | 2.9% |
| Gross Margin | - | 45.7% | 47.8% | 49.4% | 49.5% | 50.6% |
| Debt/Equity | 1.59 | 1.59 | 1.65 | 0.63 | 0.51 | 0.49 |
| Dividends/Share | $0.00 | - | $1.50 | $1.50 | - | - |
| Operating Income | 158M | 132M | -62M | 82M | 94M | 64M |
| Operating Margin | 9.9% | 8.4% | -7.3% | 10.7% | 11.6% | 9.0% |
| ROE | 0.7% | -2.7% | -10.0% | 3.7% | 5.7% | 1.7% |
| Shares Outstanding | 173M | 174M | 149M | 143M | 150M | 146M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 482M | 472M | 712M | 810M | 764M | 860M | 1.6B | 1.6B |
| Gross Margin | N/A | 49.1% | 50.6% | 49.5% | 49.4% | 47.8% | 45.7% | N/A |
| R&D | 33M | 32M | 46M | 52M | 49M | 64M | 102M | 99M |
| SG&A | 85M | 67M | 108M | 117M | 117M | 264M | 236M | 224M |
| EBIT | 92M | N/A | 64M | 94M | 82M | -62M | 132M | 158M |
| Op. Margin | 19.1% | N/A | 9.0% | 11.6% | 10.7% | -7.3% | 8.4% | 9.9% |
| Net Income | 34M | -47M | 16M | 65M | 37M | -110M | -35M | 8.5M |
| Net Margin | 7.1% | -10.1% | 2.3% | 8.0% | 4.9% | -12.8% | -2.2% | 0.5% |
| Non-Recurring | 23K | -19K | -76K | 1.2M | 5.3M | 6.0M | 25M | 21M |
| Returns on Capital | ||||||||
| ROIC | N/A | N/A | 2.9% | 5.3% | 4.9% | -4.5% | 4.1% | 8.6% |
| ROE | N/A | -6.0% | 1.7% | 5.7% | 3.7% | -10.0% | -2.7% | 0.7% |
| ROA | N/A | -5.4% | 0.9% | 3.4% | 2.1% | -4.0% | -0.9% | 0.2% |
| Cash Flow | ||||||||
| Op. Cash Flow | 72M | 73M | 149M | 213M | 163M | 28M | 195M | 225M |
| Free Cash Flow | 65M | 68M | 141M | 207M | 161M | 26M | 188M | 216M |
| Owner Earnings | 55M | 8.7M | 70M | 135M | 80M | -81M | 59M | 92M |
| CapEx | 6.6M | 5.3M | 7.3M | 6.2M | 2.1M | 1.7M | 6.6M | 9.0M |
| Maint. CapEx | 15M | 62M | 69M | 70M | 67M | 77M | 112M | 112M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 15M | 62M | 69M | 70M | 67M | 77M | 112M | 112M |
| CapEx/OCF | N/A | N/A | 4.9% | 2.9% | 1.3% | 6.1% | 3.4% | 4.0% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 218M | 255K | 133K | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | 11.6% | 0.0% | 0.0% | N/A |
| Share Buybacks | 0 | 0 | 0 | 61M | 59M | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 3.6% | 2.5% | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.2M | 1.9M | 9.5M | 7.9M | 15M | 32M | 24M | 21M |
| Debt Repayment | 0 | 25M | 1.3M | 0 | 0 | 38M | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | N/A | 631M | 261M | 176M | 354M | 2.0B | 1.8B | 1.8B |
| Cash & Equiv. | 81M | 153M | 293M | 392M | 214M | 169M | 240M | 226M |
| Long-Term Debt | N/A | 779M | 555M | 557M | 558M | 2.1B | 2.1B | 2.1B |
| Debt/Equity | N/A | 0.99 | 0.49 | 0.51 | 0.63 | 1.65 | 1.59 | 1.59 |
| Interest Coverage | 1.8 | N/A | 2.5 | 10.2 | 2.5 | -1.2 | 0.8 | 0.8 |
| Equity | N/A | 794M | 1.1B | 1.1B | 907M | 1.3B | 1.3B | 1.3B |
| Total Assets | N/A | 1.8B | 1.9B | 1.9B | 1.6B | 3.9B | 3.8B | 3.8B |
| Total Liabilities | N/A | 969M | 754M | 759M | 724M | 2.6B | 2.5B | 2.5B |
| Intangibles | N/A | 523M | 464M | 397M | 344M | 988M | 857M | 821M |
| Retained Earnings | N/A | -47M | -31M | -27M | -50M | -160M | -195M | -212M |
| Working Capital | N/A | 180M | 357M | 465M | 289M | 225M | 331M | 336M |
| Current Assets | N/A | 278M | 466M | 566M | 374M | 476M | 562M | 539M |
| Current Liabilities | N/A | 98M | 109M | 101M | 85M | 251M | 230M | 203M |
| Per Share Data | ||||||||
| EPS | 0.21 | -0.37 | 0.11 | 0.43 | 0.26 | -0.74 | -0.20 | 0.05 |
| Owner EPS | 0.34 | 0.07 | 0.48 | 0.90 | 0.56 | -0.54 | 0.34 | 0.53 |
| Book Value | N/A | 6.19 | 7.76 | 7.50 | 6.32 | 8.77 | 7.54 | 7.49 |
| Cash Flow/Share | 0.44 | 0.57 | 1.02 | 1.42 | 1.14 | 0.19 | 1.12 | 0.70 |
| Dividends/Share | N/A | N/A | N/A | N/A | 1.50 | 1.50 | N/A | 0.00 |
| Shares Out. | 163.1M | 128.4M | 145.9M | 150.2M | 143.4M | 149.0M | 174.1M | 172.7M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | 155.5 | 26.1 | 63.8 | N/A | N/A | 399.7 |
| P/FCF | N/A | N/A | 17.7 | 8.2 | 14.8 | 105.0 | 14.3 | 15.7 |
| EV/EBIT | N/A | N/A | 43.2 | 19.6 | 30.8 | N/A | 32.5 | 33.0 |
| Price/Book | N/A | N/A | 2.2 | 1.5 | 2.6 | 2.1 | 2.1 | 2.6 |
| Price/Sales | N/A | N/A | 3.7 | 2.5 | 2.5 | 3.0 | 1.8 | 2.1 |
| FCF Yield | N/A | N/A | 5.7% | 12.2% | 6.8% | 1.0% | 7.0% | 6.4% |
| Market Cap | N/A | N/A | 2.5B | 1.7B | 2.4B | 2.8B | 2.7B | 3.4B |
| Avg. Price | N/A | N/A | 18.16 | 13.56 | 13.14 | 17.31 | 15.92 | 19.64 |
| Year-End Price | N/A | N/A | 17.10 | 11.23 | 16.60 | 18.65 | 15.53 | 19.64 |
FIRST ADVANTAGE CORP passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 18.2x vs a median of 14.6x. The company's 5-year average ROIC is 2.5% with a gross margin of 48.6%. At current prices, the estimated annualized return to fair value is -10.2%.
FIRST ADVANTAGE CORP (FA) has a debt-to-equity ratio of 1.59. This indicates higher leverage, which may increase financial risk.
FIRST ADVANTAGE CORP (FA) reported earnings per share (EPS) of $-0.20 in its most recent fiscal year.
FIRST ADVANTAGE CORP (FA) has a return on equity (ROE) of -2.7%. A negative ROE may indicate losses or negative equity.
FIRST ADVANTAGE CORP (FA) has a 5-year average gross margin of 48.6%. This indicates decent pricing power.
The Ledger Terminal provides 7 years of financial data for FIRST ADVANTAGE CORP (FA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FIRST ADVANTAGE CORP (FA) has a book value per share of $7.54, based on its most recent annual SEC filing.
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