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First Advantage Corporation(FA)Earnings, Financials & Key Ratios
FA•NASDAQ
$16.76
Price updated Jun 25, 2026
AboutFirst Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products. The company also provides post-onboarding solutions, including criminal records monitoring, healthcare sanctions, motor vehicle records, social media screening, and global sanctions and licenses; and fleet/vehicle compliance, hiring tax credits and incentives, resident/tenant screening, and investigative research. Its products and solutions are used by personnel in recruiting, human resources, risk, compliance, vendor management, safety, and/or security in global enterprises, mid-sized, and small companies. The company was formerly known as Fastball Intermediate, Inc. and changed its name to First Advantage Corporation in March 2021. First Advantage Corporation was founded in 2003 and is headquartered in Atlanta, Georgia.Show more
- Revenue$1.57B+83.0%
- EBITDA$390M+366.6%
- Net Income-$35M+68.4%
- EPS (Diluted)-0.20+73.0%
- Gross Margin29.88%-37.5%
- EBITDA Margin24.76%+154.9%
- Operating Margin8.97%+223.7%
- Net Margin-2.21%+82.7%
- ROE-2.66%+73.3%
FA Price & Volume
First Advantage Corporation (FA) stock price & volume — 10-year historical chart
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Aggressive Inorganic Growth Masks Underlying Margin Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Strained
Financial Position:Healthy
Cash Flow:Mixed
Primary Risk:Acquisition Integration and Amortization
"First Advantage has successfully executed a rapid roll-up strategy, evidenced by a revenue surge peaking at 111.7% growth in 2025Q2, though this has introduced significant structural margin compression and heavy amortization charges. While the company has impressively deleveraged from $2.2 billion in debt in 2025Q1 to just $8.2 million by 2026Q1, the persistent deficit in retained earnings of -$212.1 million warrants caution regarding long-term GAAP profitability. Investors should monitor whether the firm can transition from acquisition-led scaling to sustainable organic margin expansion given the current 29.0% gross margin profile."
Verdict Logic
while the company has successfully eliminated its $2.2 billion debt burden, the current P/E of -89.10 and the reliance on non-cash amortization to explain the gap between net income and operating cash flow suggest that operational efficiency remains unproven.
FA Growth Metrics
First Advantage Corporation (FA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.36%
5 Years25.33%
3 Years24.8%
TTM53.53%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM105.75%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM105.37%
Return on Capital
10 Years6.43%
5 Years3.08%
3 Years2.13%
Last Year3.88%
FA Recent Earnings
First Advantage Corporation (FA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.26+23.8%
$0.21
Rev
$385M+3.4%
$373M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.30+15.4%
$0.26
Rev
$420M+7.2%
$392M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.30+7.1%
$0.28
Rev
$409M+4.2%
$392M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.27+12.5%
$0.24
Rev
$391M-3.3%
$404M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.26vs $0.21+23.8% | $385Mvs $373M+3.4% |
| Q1 2026 | Feb 26, 2026 | $0.30vs $0.26+15.4% | $420Mvs $392M+7.2% |
| Q4 2025 | Nov 6, 2025 | $0.30vs $0.28+7.1% | $409Mvs $392M+4.2% |
| Q3 2025 | Aug 7, 2025 | $0.27vs $0.24+12.5% | $391Mvs $404M-3.3% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for First Advantage Corporation (FA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $16.76 | $2.87B | -83.80 | 83.02% | -2.21% | -2.66% | 0% | |
| $153.00 | $5.11B | 4781.25 | 22.65% | -0.11% | -0.26% | — | |
| $151.93 | $18.33B | 28.56 | 6.92% | 11.12% | 14.19% | — | |
| $67.00 | $12.93B | 28.88 | 9.38% | 14.91% | 15.1% | — | |
| $177.04 | $23.2B | 27.28 | 6.63% | 29.34% | — | — | |
| $273.20 | $7.03B | 23.15 | -3.97% | 44.2% | 33.37% | — |
Compare FA vs Peers
First Advantage Corporation (FA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FA SEC Filings & Documents
First Advantage Corporation (FA) SEC filings — annual & quarterly reports (10-K, 10-Q)
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FA Frequently Asked Questions
First Advantage Corporation (FA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is First Advantage Corporation's revenue?
First Advantage Corporation (FA) reported $1.61B in revenue for fiscal year 2025. This represents a 864% increase from $166.5M in 2003.
How fast is First Advantage Corporation growing?
First Advantage Corporation (FA) grew revenue by 83.0% over the past year. This is strong growth.
Is FA profitable?
Yes, First Advantage Corporation (FA) is profitable, generating $8.5M in net income for fiscal year 2025 (-2.2% net margin).
Dividend & Returns
Does FA pay dividends?
First Advantage Corporation (FA) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.
What is FA's return on equity?
First Advantage Corporation (FA) has a return on equity (ROE) of -2.7%. Negative ROE indicates the company is unprofitable.
What is First Advantage Corporation's free cash flow?
First Advantage Corporation (FA) generated $218.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.