FANasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31
FIRST ADVANTAGE CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$18.95−0.23 (-1.20%)
Close on Oct 19, 2026
- Market cap
- $3.28B
- P/E (TTM)
- 135.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Operating margin
8.4%
Net margin
-2.2%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +83.0% | +24.8% | – | – | |
| Operating income | – | +12.0% | – | – | |
| Free cash flow | +611.9% | -3.0% | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -2.7% | |
| Return on assets | – | – | -0.9% | |
| Current ratio | – | 2.84 | 2.44 | |
| Debt to equity | – | 0.99 | 1.58 | |
| Net debt to EBITDA | – | – | 7.53× | |
| Interest coverage | – | – | – | |
| Capex to revenue | – | – | 0.4% | |
| Diluted shares | – | – | 173M |
Where the cash went
Fiscal 2021 to 2025, five years combined
First Advantage generated $747.59M from operations and spent $143.93M on capital expenditure, dividends and share buybacks. 17% of that went back into the business.
Generated
$747.59M
Used
$143.93M
Capital expenditure$23.92M17%Dividends$00%Share buybacks$120.01M83%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-2.2%
×Asset turnover0.41×
×Equity multiplier2.96×
=Return on equity, FY2025-2.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2.2% | 0.41× | 2.96× | -2.7% |
| FY2024 | -12.8% | 0.31× | 2.51× | -10.0% |
| FY2023 | 4.9% | 0.43× | 1.73× | 3.7% |
| FY2022 | 8.0% | 0.43× | 1.67× | 5.7% |
| FY2021 | 2.3% | 0.39× | 1.89× | 1.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$34.82M
- Cash generatingOperating cash flow above zero$195.13M
- Return on assets improvedROA up on the prior year-6.8% → -0.9%
- Earnings backed by cashOperating cash flow above net income$195.13M vs -$34.82M
- Less leverageLong-term debt to assets fell54.1% → 54.3%
- Better liquidityCurrent ratio rose1.90 → 2.44
- No dilutionShare count did not rise149M → 173M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.53 → 0.40