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First Advantage Corporation

FA Industrials Specialty Business Services

First Advantage Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 83.0% from fiscal 2024.

Revenue
+13.8%
EPS
+705.4%
Free cash flow
−30.9%
Total debt
−5.34%

Quarter to September 2026, against a year earlier

23.47 0.34 +1.47%
Market cap
$4.0B
P/E
92.5×
Fwd P/E
74.9×
Dividend yield
—
F-score
6/9
Altman Z
1.16
Beneish M
−2.31
Dividend safety
25/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.11
Sold, $m 276.06
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 1 — — — — — — — —
Sell — — — 1 — 2 2 — 1 — — —
Insider Ownership 54.72%

Capital & Financial Ratios $m

Size
Market Cap 3,970.00
Revenue ttm 1,719.76
Net income ttm 43.04
Free cash flow ttm 177.26
Net debt Q 1,749.84
Valuation
P/E 92.52 (above 35: high)
Forward P/E 74.90 (above 35: high)
Price / sales 2.31
Forward P/S Powerpack
Price / FCF 22.43
Price / book 3.00
Financial health
Current ratio Q 2.45 (at or above 1.5: strong)
Debt / equity Q 1.50
Interest coverage Q 1.97
Growth
Revenue growth Q +13.84% (above 0%: growing)
Operating income growth Q +42.29% (above 0%: growing)
EPS, this year +22.98% (at or above 15%: strong)
EPS, next year A +17.99% (at or above 15%: strong)
Revenue, next year A −22.60% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +20.29% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.3×, against a ten-year median of 3.4×; over the ten years it ranged from 2.4× in 2026 to 6.0× in 2021.
P/E against its own 10 years 65.34%
10-year low 10-year high
P/S against its own 10 years 25.33%
10-year low 10-year high
P/B against its own 10 years 95.63%
10-year low 10-year high
EV/Sales against its own 10 years 49.19%
10-year low 10-year high
EV/FCF against its own 10 years 91.09%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 214 169 240 241
Receivables 146 275 306 355
Inventory — — — —
Other — — — —
374 476 562 627
2023 2024 2025 Q'26
Payables 47 121 110 138
ST’ Debt — 22 — —
Other — — — —
85 251 230 256

Compound Annual Growth %

10y 5y 3y
Sales — 25.33% 24.80%
Cash Flow — 29.47% (2.84%)
Earnings — 0.00% 0.00%
Book Value — 10.58% 5.25%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.29 Actual 0.35

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.28 0.30 Beat by 0.02
Q4 FY25 0.26 0.30 Beat by 0.04
Q1 FY26 0.21 0.26 Beat by 0.05
Q2 FY26 0.29 0.35 Beat by 0.06
Q3 FY26 0.34 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.01 0.10 0.12 — —
’25 (0.24) 0.00 0.01 0.02 (0.20)
’24 (0.02) 0.01 (0.06) (0.62) (0.74)
’23 0.01 0.07 0.07 0.10 0.26
’22 0.09 0.09 0.11 0.13 0.43
’21 (0.15) 0.03 0.11 0.10 0.11
’20 (0.38) (0.13) (0.03) — (0.65)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 385 449 466 — —
’25 355 391 409 420 1,574
’24 169 185 199 307 860
’23 176 185 200 203 764
’22 190 202 206 213 810
’21 132 175 193 213 712
’20 111 105 137 — 509
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 49 74 64 — —
’25 19 37 72 66 195
’24 38 32 43 (86) 28
’23 39 33 34 57 163
’22 42 55 46 70 213
’21 24 32 28 65 149
’20 (18) 4 14 35 54
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 33 54 41 — —
’25 8 25 59 49 141
’24 32 25 36 (96) (4)
’23 33 26 27 50 135
’22 34 47 39 64 184
’21 19 26 21 59 125
’20 (18) (5) 10 31 36
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — 482 509 712 810 764 860 1,574 1,720 +21.8% 1,219 1,300 1,404 (3.7%)
Gross margin, % — — — 49.08 48.83 50.56 49.52 49.36 47.81 45.67 0.00 (3.4) pt
EBT — — — 41 (96) 25 85 48 (115) (37) 65 n/m
EBT margin, % — — — 8.54 (18.90) 3.50 10.50 6.35 (13.32) (2.37) 3.76 (10.9) pt
Net income — 0 — 34 (84) 16 65 37 (110) (35) 43 n/m
Per share, $
Per share, $ Revenue — — — 3.22 3.92 5.07 5.39 5.30 5.79 9.09 10.01 +18.9%
Earnings — — — 0.23 (0.65) 0.11 0.43 0.26 (0.74) (0.20) 0.25 n/m
Cash flow — — — 0.48 0.41 1.06 1.42 1.13 0.19 1.13 1.47 +15.4%
Capex — — — (0.11) (0.14) (0.17) (0.19) (0.19) (0.22) (0.31) (0.44) +18.8%
Free cash flow — — — 0.37 0.28 0.89 1.23 0.94 (0.03) 0.81 1.03 +14.2%
Book value — — — 0.00 6.11 8.06 7.50 6.29 8.80 7.58 7.71 n/m
Shares, m — — — 150 130 140 150 144 149 173 173 +2.5%
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 209.46 30.30 62.42 0.00 0.00 92.52 43.2
P/S — — — 5.28 5.28 3.76 2.42 3.06 3.24 1.60 2.31 3.5
P/B — — — 3.29 3.29 2.36 1.74 2.58 2.13 1.92 3.00 2.5
EV/Sales — — — 6.60 6.60 4.12 2.62 3.52 5.53 2.78 3.34 4.5
EV/FCF — — — 58.49 58.49 23.52 11.54 19.89 (1,168.99) 31.08 32.42 (138.0)
Cash, $m
Cash, $m Operating cash flow — — — 72 54 149 213 163 28 195 253 +18.2%
Capex — — — (17) (18) (24) (29) (28) (32) (54) (76) +21.7%
Free cash flow — — — 55 36 125 184 135 (4) 141 177 +17.0%
Balance, $m
Balance, $m Working capital — — — 108 180 357 465 289 225 331 370 +20.5%
Net debt — — — 459 631 262 168 345 1,974 1,840 1,750 +26.0%
Shareholders’ equity — — — — 794 1,132 1,127 907 1,307 1,314 1,325 +10.6%
Returns, %
Returns, % ROA — — — 0.00 (9.53) 0.88 3.43 2.12 (3.97) (0.90) 1.13 (0.9) pt
ROIC — — — 12.55 (0.09) 2.86 4.55 4.07 (1.19) 2.63 3.97 (9.9) pt
ROE — — — 9.78 (24.00) 1.67 5.72 3.67 (9.96) (2.66) 3.28 (12.4) pt
People
People Employees — — — — 4,200 5,500 5,800 5,000 10,000 9,500 — +17.7%
Revenue/emp, $m — — — 0.00 0.12 0.13 0.14 0.15 0.09 0.17 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

First Advantage Corporation vs peers in Specialty Business Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DLB Dolby Laboratories $6.1B 27.2× 20.0× −3.34% (below 0%: shrinking) −37.50% (below 0%: shrinking) +157.37% (above 0%: growing) 86.78% 11.25% Compare
AMTM Amentum Holdings, Inc. $5.2B 25.6× 21.0× −1.99% (below 0%: shrinking) +575.00% (above 0%: growing) +35.00% (above 0%: growing) 10.32% 4.93% Compare
UNF Unifirst Corporation $4.2B 38.5× 40.0× +4.97% (above 0%: growing) −13.79% (below 0%: shrinking) −31.08% (below 0%: shrinking) 37.38% 6.46% Compare
FA First Advantage Corporation $4.0B 92.5× 74.9× +13.84% (above 0%: growing) +705.37% (above 0%: growing) −30.88% (below 0%: shrinking) 0.00% 12.90%
AZZ AZZ Inc. $3.7B 21.9× 19.8× +16.68% (above 0%: growing) −34.34% (below 0%: shrinking) +115.52% (above 0%: growing) 25.08% 17.21% Compare
MMS Maximus, Inc. $3.6B 10.2× 9.1× −5.15% (below 0%: shrinking) +4.81% (above 0%: growing) +30.90% (above 0%: growing) 27.27% 12.62% Compare
ABM ABM Industries Incorporated $3.2B 19.3× 15.7× +4.19% (above 0%: growing) +25.37% (above 0%: growing) −13.91% (below 0%: shrinking) 12.35% 3.95% Compare
TIC Acuren Corporation $2.1B — (loss-making) — (loss-making) +34.97% (above 0%: growing) n/m +186.55% (above 0%: growing) 35.38% 2.50% Compare
CMPR Cimpress plc $1.5B 17.6× 11.4× +8.20% (above 0%: growing) n/m +47.91% (above 0%: growing) 43.70% 2.79% Compare
Median of peers $3.6B 21.9× 19.8× +4.58% −4.49% +41.46% 31.33% 5.70%

All 45 Specialty Business Services stocks →

Pay and ownership Proxy statement filed 24 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.28m (1.16m) 81.91
2024 616.67k 3.54m 105.58
2023 705.00k 11.16m 93.79
2022 757.62k (13.96m) 65.99
2021 7.17m 38.63m 96.65

Ownership

Directors and executive officers, together 4.40%
Entities affiliated with Silver Lake 52.10%
T. Rowe Price Associates, Inc. 7.80%
Capital World Investors 5.30%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

First Advantage Corporation (FA) Latest News

5 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 · · StockStory
Impact 3 · · GlobeNewswire
Impact 3 · · GlobeNewswire

24 Oct

Impact 4 · · Simply Wall St.

20 Oct

Impact 4 · · GlobeNewswire

19 Oct

Impact 3 · · GlobeNewswire

13 Oct

Impact 3 · · StockStory

30 Sep

Impact 3 · · StockStory

9 Sep

Impact 3 ·

30 Aug

Impact 3 ·

15 Aug

Impact 3 ·

14 Aug

Impact 4 ·

13 Aug

Impact 4 · · The Motley Fool transcript

10 Aug

Impact 4 ·
Impact 3 ·

9 Aug

Impact 3 ·

6 Aug

Impact 4 ·
Impact 4 ·
Impact 3 · · Moby transcript
Impact 3 ·

3 Jul

Impact 3 ·

2 Jul

Impact 3 ·

12 Jun

Impact 3 · · The Motley Fool

11 Jun

Impact 3 ·

21 May

Impact 3 · · StockStory

20 May

Impact 4 · · Simply Wall St.

19 May

Impact 4 · · Insider Monkey

FA metrics, ten years each

stockrow.com/FA · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com