First American Financial Corporation

FAF Financial Insurance Specialty

First American Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $7.5 billion, up 21.6% from fiscal 2024.

Revenue
+5.34%
EPS
−6.52%
Free cash flow
−12.3%
Total debt
+0.08%

Quarter to September 2026, against a year earlier

67.94 0.27 +0.40%
Market cap
$7.0B
P/E
9.5×
Fwd P/E
9.6×
Dividend yield
3.33%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

First American Financial Corporation (FAF) Free cash flow margin

Alert me on Free cash flow margin

First American Financial Corporation's free cash flow margin over the twelve months to 30 September 2026 was 9.96%, down 0.3 percentage points from fiscal 2025 (10.2%). Over the past ten years it has ranged from 1.52% (fiscal 2023) to 13.9% (fiscal 2020); the current reading is higher than 55% of that period. That is below the Insurance Specialty industry median of 34.5% and below the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 10.2% (0.85)
FY2024 11.1% 9.57
FY2023 1.52% (5.38)
FY2022 6.90% (4.78)
FY2021 11.7% (2.22)
FY2020 13.9% 0.89
FY2019 13.0% 1.22
FY2018 11.8% 2.99
FY2017 8.80% 2.23
FY2016 6.57% (2.02)

Against its own ten years

Low 1.52% High 13.9%
Ten-year median 10.2%
Current reading's percentile 55

Free cash flow margin against peers

Company Free cash flow margin
RDN Radian Group Inc. compare 84.5%
ESNT Essent Group Ltd. compare 62.4%
NMIH NMI Holdings Inc compare 60.4%
MTG MGIC Investment Corporation compare 59.5%
ACT Enact Holdings, Inc. compare 56.8%
AXS Axis Capital Holdings Limited compare 37.6%
FNF Fidelity National Financial, Inc. compare 35.3%
AGO Assured Guaranty Ltd. compare 34.5%
FAF First American Financial Corporation 9.96%
Insurance Specialty industry median 34.5%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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