First Advantage Corporation (FA) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.29	$0.35	+20.7%	—	$448.8M	—
Q1 26	$0.21	$0.26	+23.8%	—	$385.2M	—
Q4 25	$0.26	$0.3	+15.4%	—	$420M	—
Q3 25	$0.28	$0.3	+7.1%	—	$409.2M	—
Q2 25	$0.24	$0.27	+12.5%	—	$390.6M	—
Q4 24	$0.22	$0.18	-18.2%	—	$307.1M	—
Q3 24	$0.25	$0.26	+4.0%	—	$199.1M	—
Q2 24	$0.21	$0.21	0.0%	—	$184.5M	—
Q1 24	$0.17	$0.17	0.0%	—	$169.4M	—
Q4 23	$0.3	$0.29	-3.3%	—	$202.6M	—
Q3 23	$0.28	$0.28	0.0%	—	$200.4M	—
Q2 23	$0.23	$0.24	+4.3%	—	$185.3M	—
Q1 23	$0.19	$0.19	0.0%	—	$175.5M	—
Q4 22	$0.29	$0.3	+3.4%	—	$212.6M	—
Q3 22	$0.28	$0.26	-7.1%	—	$206M	—
Q2 22	$0.25	$0.25	0.0%	—	$201.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.2	—	—	$1.6B	—
FY24	—	-$0.74	—	—	$860.2M	—
FY23	—	$0.26	—	—	$763.8M	—
FY22	—	$0.43	—	—	$810M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY05	FY06	FY07	FY08	FY19	FY21	FY22	FY23	FY24	FY25
Revenue	$628.8M	$797.8M	$824.3M	$780M	$481.8M	$712.3M	$810M	$763.8M	$860.2M	$1.6B
YoY change	+21.7%	+26.9%	+3.32%	-5.38%	—	—	+13.7%	-5.71%	+12.6%	+83%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY05	FY06	FY07	FY08	FY19	FY21	FY22	FY23	FY24	FY25
Revenue	628.8M	797.8M	824.3M	780M	481.8M	712.3M	810M	763.8M	860.2M	1.6B
Cost of revenue	230.5M	289.7M	273.4M	282.7M	245.3M	352.2M	408.9M	386.8M	448.9M	855.3M
Gross profit	398.3M	508.1M	550.9M	497.3M	236.4M	360.1M	401.1M	377M	411.3M	719.1M
Gross margin	63.3%	63.7%	66.8%	63.8%	49.1%	50.6%	49.5%	49.4%	47.8%	45.7%
Research & development	—	—	—	—	33.2M	45.5M	51.9M	49.3M	63.8M	101.9M
Selling, general & administrative	275.6M	350.9M	295.6M	274.4M	85.1M	108M	116.6M	116.7M	263.9M	236.2M
Operating expenses	275.6M	350.9M	389.8M	361.1M	118.3M	153.5M	168.6M	166M	327.8M	338M
Operating income	96.8M	119.4M	121.3M	93.6M	92.2M	63.8M	94.3M	81.5M	-62.4M	132.5M
Operating margin	15.4%	15%	14.7%	12%	19.1%	8.96%	11.6%	10.7%	-7.25%	8.41%
Non-operating income, net	10.9M	9.3M	97.2M	-21.8M	—	-13.9M	—	—	-383K	-1.1M
Pretax income	101.1M	116.3M	212.8M	70.2M	41.1M	24.9M	85.1M	48.5M	-114.6M	-37.3M
Income tax	43M	47.4M	85.5M	37.1M	6.9M	8.9M	20.5M	11.2M	-4.3M	-2.4M
Net income	58.9M	69.5M	127.3M	33.1M	34.3M	16.1M	64.6M	37.3M	-110.3M	-34.8M
Net margin	9.36%	8.71%	15.4%	4.24%	7.11%	2.25%	7.98%	4.88%	-12.8%	-2.21%
EBITDA	114.9M	151.6M	166M	137.1M	119.1M	206.6M	232.5M	211M	83.5M	381.1M
EPS	1.1	1.15	2.35	0.59	0.23	0.11	0.43	0.26	-0.74	-0.2
Diluted EPS	1.09	1.14	2.34	0.59	0.21	0.11	0.43	0.26	-0.74	-0.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	200.4M	202.6M	169.4M	184.5M	199.1M	307.1M	354.6M	390.6M	409.2M	420M	385.2M	448.8M
Cost of revenue	101.4M	101.3M	87.2M	92.3M	100.9M	168.5M	192.6M	207.8M	222M	232.9M	211.4M	244.8M
Gross profit	99M	101.3M	82.2M	92.2M	98.2M	138.6M	162M	182.8M	187.1M	187.2M	173.8M	204M
Gross margin	49.4%	50%	48.5%	50%	49.3%	45.1%	45.7%	46.8%	45.7%	44.6%	45.1%	45.5%
Research & development	13.1M	10.9M	12.5M	13.7M	12.9M	24.8M	27.2M	25.7M	25.1M	23.9M	24.6M	27.3M
Selling, general & administrative	30.2M	27.9M	40.7M	38.6M	46M	138.6M	65.6M	57.5M	57.5M	55.7M	53.5M	57.8M
Operating expenses	43.3M	38.7M	53.1M	52.3M	59M	163.4M	92.7M	83.1M	82.6M	79.5M	78.1M	85.1M
Operating income	23.2M	29.4M	-726K	9.9M	9.1M	-80.7M	7.6M	37.7M	42.2M	44.9M	33.5M	57M
Operating margin	11.6%	14.5%	-0.43%	5.37%	4.58%	-26.3%	2.15%	9.66%	10.3%	10.7%	8.7%	12.7%
Non-operating income, net	—	—	—	—	—	—	—	-254K	-407K	-391K	-374K	-359K
Pretax income	15.7M	16.5M	-4.3M	2.5M	-8.1M	-104.8M	-39M	-7.3M	1.8M	7.2M	3.3M	25.1M
Income tax	4.9M	1.7M	-1.4M	689K	782K	-4.4M	2.2M	-7.6M	-798K	3.8M	1.1M	8.1M
Net income	10.8M	14.8M	-2.9M	1.9M	-8.9M	-100.4M	-41.2M	308K	2.6M	3.5M	2.2M	16.9M
Net margin	5.38%	7.31%	-1.72%	1.01%	-4.45%	-32.7%	-11.6%	0.08%	0.63%	0.83%	0.56%	3.77%
EBITDA	55.6M	62.5M	29.1M	39.9M	39.3M	-25.1M	69.3M	99.6M	104.5M	107.6M	95.7M	118.9M
EPS	0.08	0.1	-0.02	0.01	-0.06	-0.62	-0.24	0	0.01	0.02	0.01	0.1
Diluted EPS	0.07	0.1	-0.02	0.01	-0.06	-0.62	-0.24	0	0.01	0.02	0.01	0.1

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY06	FY07	FY08	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	—	2.7B	2B	2.4B	2.8B	—	3.2B
Enterprise value	—	—	—	—	—	2.9B	2.1B	2.7B	4.8B	—	5B
Shares outstanding	57.5M	58.9M	59.4M	149.7M	—	140.5M	150.2M	144.1M	148.6M	173.2M	173.2M

Valuation

Metric	FY06	FY07	FY08	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	166.6	30.2	64	—	—	132.9
P/S	—	—	—	—	—	3.76	2.41	3.13	3.24	—	1.92
P/B	—	—	—	—	—	2.36	1.73	2.63	2.13	—	2.47
EV/EBITDA	—	—	—	—	—	14.2	9.16	13	57.1	—	11.9
EV/Sales	—	—	—	—	—	4.12	2.63	3.59	5.55	—	3
Earnings yield	—	—	—	—	—	0.6%	3.31%	1.56%	—	—	0.75%
FCF yield	—	—	—	—	—	4.67%	9.43%	5.66%	-0.15%	—	6.73%
PEG	—	—	—	—	—	—	—	—	—	—	0

Profitability

Metric	FY06	FY07	FY08	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	63.7%	66.8%	63.8%	49.1%	—	50.6%	49.5%	49.4%	47.8%	45.7%	45.5%
Operating margin	15%	14.7%	12%	19.1%	—	8.96%	11.6%	10.7%	-7.25%	8.41%	12.8%
Net margin	8.71%	15.4%	4.24%	7.11%	—	2.25%	7.98%	4.88%	-12.8%	-2.21%	1.51%
ROE	9.6%	13.7%	3.53%	-36.4%	—	1.42%	5.73%	4.11%	-8.44%	-2.65%	1.94%
ROA	6.37%	10.3%	2.91%	6.29%	—	0.85%	3.43%	2.29%	-2.81%	-0.91%	2.82%
ROIC	7.93%	8.17%	4.81%	21%	—	2.95%	5.5%	4.97%	-1.89%	4.19%	3.86%
Return on tangible assets	-16%	-36.1%	-6.72%	-31.1%	—	-2.55%	-13.1%	-5.34%	4.79%	1.61%	-1.2%

Financial health

Metric	FY06	FY07	FY08	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.49	1.44	2	2.37	—	4.26	5.62	4.39	1.9	2.44	2.53
Quick ratio	1.49	1.44	2	2.37	—	4.26	5.62	4.39	1.9	2.44	2.53
Debt / equity	0.28	0.04	0.04	-5.74	—	0.49	0.51	0.63	1.65	1.59	1.58
Debt / assets	0.18	0.03	0.03	0.99	—	0.29	0.3	0.35	0.55	0.54	0.54
Net debt / EBITDA	1.11	-0.26	-0.14	3.85	—	1.26	0.76	1.68	23.8	4.85	4.23
Interest coverage	—	21	28.5	1.79	—	2	10.2	2.47	-1.21	0.78	1.27
Effective tax rate	40.7%	40.2%	52.8%	16.8%	—	35.6%	24.1%	23.1%	0%	0%	32.7%

Per share

Metric	FY06	FY07	FY08	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	13.9	14	13.1	3.22	—	5.07	5.39	5.3	5.79	9.09	9.61
EPS (basic)	1.15	2.35	0.59	0.23	—	0.11	0.43	0.26	-0.74	-0.2	-0.2
EPS (diluted)	1.14	2.34	0.59	0.21	—	0.11	0.43	0.26	-0.74	-0.2	0.14
Book value per share	12.6	15.8	15.8	-0.63	—	8.06	7.5	6.29	8.8	7.58	7.54
FCF per share	1.04	1.63	0.52	0.37	—	0.89	1.23	0.94	-0.03	0.81	1.13
Cash per share	0.55	1.29	0.88	0.55	—	2.09	2.62	1.48	1.14	1.39	1.4
Capex per share	0.58	0.6	0.52	0.04	—	0.05	0.04	0.01	0.01	0.27	0.31

Capital allocation

Metric	FY06	FY07	FY08	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.17%	4.27%	3.97%	1.36%	—	1.03%	0.76%	0.27%	0.2%	3.02%	3.22%
Capex / operating cash flow	33.1%	20.6%	28.1%	10.6%	—	5.44%	2.68%	1.33%	5.18%	24.4%	20.5%
Payout ratio	—	3.09%	—	0%	—	1.95%	0%	583.9%	-0.23%	-0.38%	0%
Dividend yield	—	—	—	—	—	0.01%	0%	9.12%	0.01%	—	—

Yield

—

trailing twelve months

Frequency

—

Last dividend

$1.50

ex-dividend Aug 18, 2023

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 18, 2023	$1.50

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$200.4M	$202.6M	$169.4M	$184.5M	$199.1M	$307.1M	$354.6M	$390.6M	$409.2M	$420M	$385.2M	$448.8M
YoY change	-2.73%	-4.72%	-3.48%	-0.41%	-0.62%	+51.6%	+109.3%	+111.7%	+105.5%	+36.8%	+8.63%	+14.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY06	FY07	FY08	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	31.6M	76.1M	52.4M	81.9M	154.1M	293.6M	393.6M	213.8M	168.7M	240M
Receivables	137.5M	148.9M	121.5M	92.5M	111.4M	155.8M	143.8M	142.7M	266.8M	297.3M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	204.1M	273.8M	205.6M	185.9M	277.8M	466.2M	566.2M	373.7M	476M	561.7M
Property, plant & equipment	55.3M	76.3M	81.8M	29.1M	190.3M	154.3M	113.5M	79.4M	307.5M	250.9M
Goodwill & intangibles	1.5B	1.6B	1.6B	654.8M	2.6B	2.5B	2.4B	2.3B	6.2B	6B
Total assets	1.1B	1.2B	1.1B	544.7M	1.8B	1.9B	1.9B	1.6B	3.9B	3.8B
Accounts payable	43.3M	51.7M	39.1M	36.3M	44.1M	54M	54.9M	47M	120.9M	109.9M
Short-term debt	20.8M	18.3M	9.9M	—	6.7M	—	5M	3.4M	26.1M	3.6M
Total current liabilities	136.9M	189.7M	102.8M	78.4M	97.8M	109.3M	100.8M	85M	250.7M	230.5M
Long-term debt	179.5M	14.4M	22.9M	540.8M	778.6M	554.8M	564.5M	564.4M	2.1B	2.1B
Total liabilities	366.6M	299.9M	198.7M	639M	969.4M	754.3M	759.2M	723.9M	2.6B	2.5B
Shareholders' equity	723.4M	932M	937M	-94.2M	794.3M	1.1B	1.1B	906.7M	1.3B	1.3B
Total debt	200.3M	32.7M	32.8M	540.8M	785.3M	554.8M	569.5M	567.7M	2.2B	2.1B
Net debt	168.8M	-43.4M	-19.5M	460.2M	632.5M	262.2M	177.8M	354M	2B	1.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	167M	213.8M	246M	269.6M	307.4M	168.7M	172M	184.3M	216.8M	240M	225.9M	237.9M
Receivables	156.9M	142.7M	129M	130.8M	143M	266.8M	266.1M	283.1M	291M	297.3M	287.7M	309.3M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	349.3M	373.7M	399.5M	427.2M	467M	476M	471.8M	502.8M	542.4M	561.7M	539.3M	581M
Property, plant & equipment	89.7M	79.4M	71.4M	63.5M	55.4M	307.5M	291.8M	275.6M	261M	250.9M	237M	227.3M
Goodwill & intangibles	2.4B	2.3B	2.3B	2.3B	2.2B	6.2B	6.2B	6.1B	6.1B	6B	5.9B	5.8B
Total assets	1.6B	1.6B	1.6B	1.6B	1.7B	3.9B	3.9B	3.9B	3.9B	3.8B	3.8B	3.7B
Accounts payable	56M	47M	48M	55.5M	71.1M	120.9M	116M	111.6M	127.5M	109.9M	107.2M	124.3M
Short-term debt	4.7M	3.4M	3.4M	3M	2.6M	26.1M	25.7M	25.7M	3.7M	3.6M	3.4M	3.1M
Total current liabilities	94.8M	85M	93.2M	99.1M	121.4M	250.7M	241M	253.4M	239.8M	230.5M	203.5M	229.9M
Long-term debt	561.9M	564.4M	564.5M	564.3M	564.2M	2.1B	2.1B	2.1B	2.1B	2.1B	2.1B	2B
Total liabilities	741.4M	723.9M	724.2M	722.6M	736.4M	2.6B	2.6B	2.6B	2.6B	2.5B	2.5B	2.5B
Shareholders' equity	888M	906.7M	907.7M	913.3M	920.7M	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B
Total debt	566.6M	567.7M	567.9M	567.3M	566.8M	2.2B	2.2B	2.1B	2.1B	2.1B	2.1B	2B
Net debt	401.7M	354M	322.5M	297.8M	259.4M	2B	2B	2B	1.9B	1.8B	1.8B	1.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY05	FY06	FY07	FY08	FY19	FY21	FY22	FY23	FY24	FY25
Net income	58.4M	66.2M	126.1M	39.1M	34.3M	16.1M	64.6M	37.3M	-110.3M	-34.8M
Depreciation & amortization	27.6M	39.2M	39.7M	42.6M	26M	142.8M	138.2M	129.5M	145.9M	248.6M
Stock-based compensation	—	—	12.8M	9.1M	1.2M	9.5M	7.9M	15.3M	31.8M	24.5M
Change in working capital	7.3M	-27.7M	-12.2M	13.7M	-5M	-37M	13M	-7.3M	-5.4M	-45.9M
Operating cash flow	91.5M	100.3M	171M	110M	61.7M	134.4M	230.1M	157M	33.2M	195.1M
Capital expenditure	-19.1M	-33.2M	-35.2M	-30.9M	-6.5M	-7.3M	-6.2M	-2.1M	-1.7M	-47.6M
Investing cash flow	-154.1M	-64.1M	59.1M	-90M	-6.5M	-55.9M	-26.2M	-41.2M	-1.6B	-47.5M
Dividends paid	—	—	-3.9M	—	0	-313K	0	-217.7M	-255K	-133K
Share repurchases	—	—	—	—	—	0	-60.5M	-59M	0	0
Financing cash flow	26.9M	-150K	-171.8M	-1.7M	-3.2M	-185.3M	-62.3M	-277.8M	1.6B	-70.6M
Net change in cash	-35.7M	36M	58.3M	18.4M	52M	-106.8M	141.6M	-162M	-7.6M	77M
Free cash flow	53.2M	60.1M	95.8M	31M	54.9M	124.9M	184.2M	135.1M	-4.1M	140.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	10.8M	14.8M	-2.9M	1.9M	-8.9M	-100.4M	-41.2M	308K	2.6M	3.5M	2.2M	16.9M
Depreciation & amortization	32.4M	33.1M	29.8M	30M	30.2M	56M	61.7M	61.9M	62.3M	62.7M	62.2M	61.9M
Stock-based compensation	4.8M	4.8M	4.8M	5M	9.5M	12.5M	8M	5.7M	5.7M	5M	4.4M	5.2M
Change in working capital	-19.2M	16.8M	24.5M	-9.1M	20.8M	-41.7M	-5.4M	-20.6M	-3.4M	-16.5M	-8.8M	11.2M
Operating cash flow	23.5M	59.3M	48.8M	21.5M	43.6M	-80.7M	17.1M	37.3M	72.4M	65.9M	49.4M	73.6M
Capital expenditure	-1.1M	-287K	-321K	-649K	-416K	-334K	-485K	-11.6M	-12.4M	-13.1M	-13.2M	-14.9M
Investing cash flow	-42.3M	1.9M	-896K	-22K	-439K	-1.6B	-448K	-11.5M	-12.4M	-13M	-11.2M	-14.8M
Dividends paid	-217.7M	-56K	-12K	-192K	-7K	-44K	-11K	-92K	-8K	-22K	-10K	-69K
Share repurchases	-3.6M	-3.1M	0	0	0	0	—	—	—	—	-19.5M	-18.7M
Financing cash flow	-221.5M	-3.4M	-246K	-427K	-244K	-97.5M	-5.5M	-15.1M	-25M	-25M	-44.5M	-43.8M
Net change in cash	-240.3M	57.8M	47.7M	21M	42.9M	-1.8B	11.2M	10.8M	35M	27.9M	-6.3M	15M
Free cash flow	26.9M	49.6M	31.9M	24.6M	35.6M	-96.2M	8.4M	24.6M	58.9M	49.1M	33.4M	54.1M

First Advantage Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement