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) Operating margin

Alert me on Operating margin

First American Financial Corporation's operating margin over the twelve months to 30 September 2026 was 15.2%, up 0.9 percentage points from fiscal 2025 (14.3%). Over the past ten years it has ranged from 6.25% (fiscal 2024) to 19.7% (fiscal 2021); the current reading is higher than 73% of that period. That is in line with the Insurance Specialty industry median of 15.2% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 14.3% 8.04
FY2024 6.25% (1.59)
FY2023 7.84% 1.14
FY2022 6.70% (12.97)
FY2021 19.7% 3.96
FY2020 15.7% (0.80)
FY2019 16.5% 3.98
FY2018 12.5% 2.98
FY2017 9.55% (0.78)
FY2016 10.3% 0.16

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 14.3% (2.30)
Jun 2026 16.6% 4.37
Mar 2026 12.2% (5.05)
Dec 2025 17.3% 1.66
43 more quarters

Against its own ten years

Low 6.25% High 19.7%
Ten-year median 10.3%
Current reading's percentile 77

Operating margin against peers

Company Operating margin
MTG MGIC Investment Corporation compare 76.2%
NMIH NMI Holdings Inc compare 73.2%
ESNT Essent Group Ltd. compare 64.5%
RDN Radian Group Inc. compare 48.7%
AGO Assured Guaranty Ltd. compare 46.4%
AXS Axis Capital Holdings Limited compare 18.2%
FAF First American Financial Corporation 15.2%
FNF Fidelity National Financial, Inc. compare 12.9%
ACT Enact Holdings, Inc. compare 0.00%
Insurance Specialty industry median 15.2%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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