First Advantage Corporation (FA) Financial Ratios
23 years of historical data (2003–2025) · Industrials · Specialty Business Services
EV/EBITDA
↓
5.27
↓-74% vs avg
5yr avg: 20.18
30Y Low6.0·High57.1
P/FCF
↓
11.47
↓-66% vs avg
5yr avg: 33.99
30Y Low10.7·High105.1
P/B Ratio
↓
1.69
↓-23% vs avg
5yr avg: 2.21
30Y Low1.8·High2.7
ROE
↓
-2.7%
↑-749% vs avg
5yr avg: -0.3%
30Y Low-24%·High17%
Debt/EBITDA
↓
0.02
↓-100% vs avg
5yr avg: 6.73
30Y Low0.0·High25.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
First Advantage Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 11.5x P/FCF, 66% below the 5-year average of 34.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.2B | $2.5B | $2.8B | $2.4B | $2.0B | $2.9B | — | — | — | — | — |
| Enterprise Value | $2.0B | $2.3B | $4.8B | $2.8B | $2.2B | $3.2B | — | — | — | — | — |
| P/E Ratio → | -64.27 | — | — | 63.73 | 30.23 | 173.09 | — | — | — | — | — |
| P/S Ratio | 1.42 | 1.60 | 3.24 | 3.17 | 2.44 | 4.09 | — | — | — | — | — |
| P/B Ratio | 1.69 | 1.92 | 2.13 | 2.67 | 1.75 | 2.57 | — | — | — | — | — |
| P/FCF | 11.47 | 12.90 | 105.11 | 17.93 | 10.71 | 23.31 | — | — | — | — | — |
| P/OCF | 11.47 | 12.90 | 98.70 | 14.88 | 9.28 | 19.58 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
FA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
First Advantage Corporation's enterprise value stands at 5.3x EBITDA, 74% below its 5-year average of 20.2x. The Industrials sector median is 13.9x, placing the stock at a 62% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.45 | 5.55 | 3.64 | 2.66 | 4.46 | — | — | — | — | — |
| EV / EBITDA | 5.27 | 6.00 | 57.11 | 13.16 | 9.25 | 15.36 | — | — | — | — | — |
| EV / EBIT | 15.16 | — | — | 34.07 | 22.82 | 60.66 | — | — | — | — | — |
| EV / FCF | — | 11.71 | 180.19 | 20.55 | 11.68 | 25.41 | — | — | — | — | — |
FA Profitability
Margins and return-on-capital ratios measuring operating efficiency
First Advantage Corporation earns an operating margin of 8.4%, above the Industrials sector average of 4.9%. Operating margins have compressed from 10.7% to 8.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -2.7% indicates the company is currently destroying shareholder equity. ROIC of 4.5% represents below-average returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | 47.8% | 49.4% | 49.5% | 50.6% | 48.8% | 49.1% | 63.8% | 66.6% | 64.4% |
| Operating Margin | 8.4% | 8.4% | -7.3% | 10.7% | 11.6% | 9.0% | -0.4% | 19.1% | 15.5% | 13.9% | 14.7% |
| Net Profit Margin | -2.2% | -2.2% | -12.8% | 4.9% | 8.0% | 2.3% | -16.5% | 7.1% | 4.5% | 16.4% | 8.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.7% | -2.7% | -10.0% | 3.7% | 5.7% | 1.7% | -24.0% | 8.1% | 3.7% | 16.7% | 9.8% |
| ROA | -0.9% | -0.9% | -4.0% | 2.1% | 3.4% | 0.9% | -7.3% | 4.1% | 2.9% | 11.9% | 6.4% |
| ROIC | 4.5% | 4.5% | -2.1% | 4.8% | 5.2% | 3.4% | -0.2% | 10.8% | 10.1% | 9.9% | 10.5% |
| ROCE | 3.6% | 3.6% | -2.4% | 4.9% | 5.3% | 3.7% | -0.2% | 12.3% | 11.7% | 11.8% | 13.4% |
FA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
First Advantage Corporation carries a Debt/EBITDA ratio of 0.0x, which is very conservative (99% below the sector average of 3.2x). The company holds a net cash position — cash of $240M exceeds total debt of $9M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 1.65 | 0.63 | 0.51 | 0.49 | 0.99 | — | 0.04 | 0.04 | 0.28 |
| Debt / EBITDA | 0.02 | 0.02 | 25.82 | 2.69 | 2.45 | 2.69 | 5.83 | 4.58 | 0.20 | 0.21 | 1.26 |
| Net Debt / Equity | — | -0.18 | 1.52 | 0.39 | 0.16 | 0.23 | 0.80 | — | -0.02 | -0.05 | 0.23 |
| Net Debt / EBITDA | -0.61 | -0.61 | 23.80 | 1.68 | 0.76 | 1.27 | 4.70 | 3.90 | -0.12 | -0.28 | 1.06 |
| Debt / FCF | — | -1.18 | 75.08 | 2.62 | 0.97 | 2.10 | 18.39 | 8.39 | -0.63 | -0.47 | 2.80 |
| Interest Coverage | 0.79 | 0.79 | -1.20 | 2.47 | 10.25 | 2.54 | -0.04 | 1.77 | 47.54 | 11.05 | 18.72 |
Net cash position: cash ($240M) exceeds total debt ($9M)
FA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
First Advantage Corporation's current ratio of 2.44x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 4.39x to 2.44x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.44 | 2.44 | 1.90 | 4.39 | 5.62 | 4.26 | 2.84 | 2.37 | 2.00 | 1.40 | 1.45 |
| Quick Ratio | 2.44 | 2.44 | 1.90 | 4.39 | 5.62 | 4.26 | 2.84 | 2.37 | 2.00 | 1.40 | 1.45 |
| Cash Ratio | 1.04 | 1.04 | 0.67 | 2.51 | 3.91 | 2.69 | 1.57 | 1.04 | 0.51 | 0.40 | 0.23 |
| Asset Turnover | — | 0.41 | 0.22 | 0.47 | 0.43 | 0.38 | 0.29 | 0.88 | 0.69 | 0.68 | 0.75 |
| Inventory Turnover | — | — | — | — | — | — | — | 1947.02 | — | — | — |
| Days Sales Outstanding | — | 68.92 | 116.89 | 69.96 | 66.26 | 81.00 | 79.83 | 74.47 | 56.87 | 64.47 | 64.13 |
FA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
First Advantage Corporation does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.0% | 9.0% | — | 0.0% | — | — | — | — | — |
| Payout Ratio | — | — | — | 583.9% | — | 1.9% | — | — | — | 2.8% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 1.6% | 3.3% | 0.6% | — | — | — | — | — |
| FCF Yield | 8.7% | 7.8% | 1.0% | 5.6% | 9.3% | 4.3% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 2.4% | 3.1% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 11.4% | 3.1% | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $173M | $149M | $146M | $152M | $153M | $153M | $153M | $59M | $59M | $58M |
Peer Comparison
Compare FA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FAYou | $2B | -64.3 | 5.3 | 11.5 | — | 8.4% | -2.7% | 4.5% | 0.0 |
 HRI | $5B | 4250.3 | 8.9 | — | 28.2% | 15.3% | 0.1% | 5.2% | 6.4 |
 EFX | $21B | 32.6 | 14.2 | 18.4 | 44.6% | 18.0% | 13.7% | 8.5% | 2.8 |
 TRU | $14B | 30.5 | 12.5 | 20.6 | 59.1% | 18.7% | 10.3% | 7.3% | 3.6 |
 VRSK | $22B | 26.3 | 15.0 | 18.8 | 67.3% | 44.6% | 437.9% | 33.0% | 3.0 |
 IDCC | $7B | 23.6 | 12.9 | 13.5 | 80.3% | 55.3% | 41.5% | 40.9% | 0.9 |
 IIIV | $486M | 39.3 | 13.4 | 129.5 | 55.7% | 1.9% | 3.5% | 0.6% | 0.2 |
 WH | $6B | 33.7 | 19.8 | 19.5 | 58.9% | 28.4% | 34.5% | 9.4% | 6.5 |
 ADP | $83B | 20.8 | 15.1 | 17.5 | 50.8% | 26.3% | 76.0% | 47.1% | 1.5 |
 PAYC | $7B | 15.6 | 8.9 | 16.8 | 78.6% | 27.6% | 27.4% | 30.7% | 0.2 |
 PCTY | $6B | 25.5 | 13.2 | 16.1 | 68.8% | 19.1% | 20.0% | 26.2% | 0.5 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Quick answers to the most common questions about buying FA stock.
What is First Advantage Corporation's P/E ratio?
First Advantage Corporation's current P/E ratio is -64.3x. The historical average is 89.0x.
What is First Advantage Corporation's EV/EBITDA?
First Advantage Corporation's current EV/EBITDA is 5.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.2x.
What is First Advantage Corporation's ROE?
First Advantage Corporation's return on equity (ROE) is -2.7%. The historical average is 2.4%.
Is FA stock overvalued?
Based on historical data, First Advantage Corporation is trading at a P/E of -64.3x. Compare with industry peers and growth rates for a complete picture.
What are First Advantage Corporation's profit margins?
First Advantage Corporation has 8.4% operating margin.
How much debt does First Advantage Corporation have?
First Advantage Corporation's Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.