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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. In the quarter to June 2026, revenue grew 15.0%, EPS grew 51.1%, free cash flow grew 2.71% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

64.96 1.53 +2.41%
Market cap
$6.5B
P/E
9.0×
Fwd P/E
9.9×
Dividend yield
3.48%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 4.05
Total sells 1.11
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — 1 — — — — — — — —
Sell — — — — — 1 1 — 1 — — —
Insider Ownership 4.30%

Capital & Financial Ratios $m

Market Cap 6,480.00
Revenue 7,983.90
Net Income 747.20
Free Cash Flow 833.20
Net Debt (1,078.30)
Current Ratio 1.18
Debt/Equity 0.27
P/E ratio 8.97
Fwd P/E 9.92
P/S ratio 0.83
P/B ratio 1.18
Past 5Y EPS Growth (0.52%) (below 0%: weak)
This Y EPS Growth 15.70% (at or above 15%: strong)
Next Y EPS Growth 2.33%
Next Y revenue growth 9.66%
Next 5Y EPS Growth 7.67%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 22.74%
10-year low 10-year high
P/S against its own 10 years 25.25%
10-year low 10-year high
P/B against its own 10 years 9.58%
10-year low 10-year high

Dividends

Payout Ratio 0.31
Annual Dividend Rate 2.26
Annual Dividend Yield 3.48%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.22
0.55
0.55
0.61
2025 2.18
0.54
0.54
0.55
0.55
2024 2.14
0.53
0.53
0.54
0.54
2023 2.10
0.52
0.52
0.53
0.53
2022 2.06
0.51
0.51
0.52
0.52
2021 1.94
0.46
0.46
0.51
0.51
2020 1.78
0.44
0.44
0.44
0.46
2019 1.68
0.42
0.42
0.42
0.42
2018 1.60
0.38
0.38
0.42
0.42
2017 1.44
0.34
0.34
0.38
0.38
2016 1.20
0.26
0.26
0.34
0.34
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3,605 1,718 1,387 2,625
Receivables 1,222 1,126 1,484 1,636
Inventory — — — —
Other — — — —
4,827 2,844 2,871 4,260
2023 2024 2025 Q'26
Payables 2,162 2,137 2,172 2,054
ST’ Debt 1,394 1,547 1,545 1,547
Other — — — —
3,556 3,683 3,718 3,600

Compound Annual Growth %

10y 5y 3y
Sales 3.71% 1.01% (0.68%)
Cash Flow 5.60% (2.61%) 6.93%
Earnings 8.01% (2.23%) 33.22%
Book Value 7.21% 2.34% 5.68%

Revenue $m

Mar Jun Sep Dec Year
’26 1,838 2,117 — — —
’25 1,582 1,841 1,979 2,050 7,452
’24 1,425 1,612 1,406 1,685 6,128
’23 1,446 1,647 1,481 1,429 6,004
’22 2,034 2,063 1,824 1,685 7,605
’21 2,026 2,266 2,556 2,373 9,221
’20 1,413 1,609 1,914 2,151 7,086
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 6 357 — — —
’25 (53) 362 273 369 951
’24 69 267 237 325 898
’23 (92) 269 219 (42) 354
’22 38 191 303 245 778
’21 224 253 399 344 1,220
’20 24 344 313 404 1,085
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (33) 318 — — —
’25 (94) 309 224 325 763
’24 18 210 185 267 680
’23 (155) 193 154 (100) 91
’22 (5) 117 238 175 525
’21 196 226 356 299 1,077
’20 9 315 280 382 985
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.21 2.12 — — —
’25 0.71 1.41 1.84 2.05 6.00
’24 0.45 1.11 (1.00) 0.69 1.26
’23 0.44 1.33 (0.02) 0.33 2.07
’22 0.88 1.01 0.02 0.52 2.45
’21 2.10 2.72 4.00 2.33 11.14
’20 0.55 1.52 1.62 2.49 6.16
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 31.74 36.50 41.96 43.54 29.36 48.69 43.54 49.55 51.60 53.09

Analyst estimates 2026–2028

Powerpack
High 43.55 57.50 62.71 64.37 66.78 79.75 81.54 65.55 70.92 68.64
People
People Employees 19,531 18,705 18,251 18,412 19,597 22,233 21,153 19,210 19,038 19,102
Revenue/emp, $m 0.29 0.31 0.31 0.34 0.36 0.41 0.36 0.31 0.32 0.39
Income, $m
Income, $m Revenue 5,576 5,772 5,748 6,202 7,086 9,221 7,605 6,004 6,128 7,452
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
EBT 478 445 610 905 923 1,641 326 274 165 826
EBT margin, % 8.57 7.71 10.60 14.59 13.03 17.80 4.28 4.57 2.70 11.09
Net income 343 422 476 710 700 1,249 265 216 133 625
Depreciation 127 159 153 156 188 205 186 197 204 171
Per share, $
Per share, $ Revenue 50.44 51.69 51.04 54.84 62.87 83.07 71.08 57.56 58.98 72.14
Earnings 3.10 3.79 4.21 6.26 6.18 11.18 2.46 2.08 1.26 6.02
Cash flow 4.43 5.66 7.04 8.07 9.63 10.99 7.27 3.40 8.64 9.20
Capex (1.11) (1.11) (1.03) (0.94) (0.89) (1.29) (2.36) (2.52) (2.10) (1.82)
Free cash flow 3.31 4.55 6.02 7.14 8.74 9.70 4.90 0.87 6.54 7.39
Book value 27.27 31.19 33.26 39.12 43.67 52.10 43.75 46.62 47.42 53.48
Shares, m 111 112 113 113 113 111 107 104 104 103
Valuation, ×
Valuation, × P/E 11.99 14.74 10.60 9.33 8.33 6.99 21.91 30.04 49.56 10.19
P/S 0.74 1.08 0.87 1.06 0.82 0.94 0.75 1.09 1.06 0.85
P/B 1.36 1.79 1.34 1.49 1.18 1.50 1.22 1.34 1.32 1.15
EV/Sales 0.69 0.97 0.75 0.94 0.78 0.99 0.81 0.72 1.03 0.87
EV/FCF 10.48 10.99 6.33 7.23 5.64 8.45 11.71 47.32 9.29 8.52
Cash, $m
Cash, $m Operating cash flow 489 632 793 913 1,085 1,220 778 354 898 951
Capex (123) (124) (116) (106) (100) (143) (253) (263) (218) (188)
Free cash flow 366 508 678 807 985 1,077 525 91 680 763
Balance, $m
Balance, $m Working capital (1,183) (818) (673) (503) (759) (1,949) (1,860) 1,271 (839) (847)
Total debt 737 733 732 728 1,011 1,648 1,646 1,394 1,547 1,545
Net debt (269) (654) (735) (758) (264) 420 422 (2,211) (171) 158
Shareholders’ equity 3,014 3,483 3,745 4,425 4,922 5,783 4,681 4,863 4,927 5,524
Returns, %
Returns, % ROA 4.02 4.60 4.70 6.38 5.72 8.49 1.67 1.37 0.83 3.99
ROIC 13.12 12.18 14.95 17.45 14.93 18.28 6.24 11.09 5.04 11.71
ROE 11.89 13.02 13.13 17.31 14.89 23.19 5.03 4.54 2.68 11.90
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

First American Financial Corporation vs peers in Insurance Specialty (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
FNF Fidelity National Financial, Inc. $10.6B 14.1× 8.8× +11.44% (above 0%: growing) +9.80% (above 0%: growing) −1.24% (below 0%: shrinking) 53.15% 9.85% Compare
RYAN Ryan Specialty Holdings Inc. $10.2B 52.9× 37.4× +7.19% (above 0%: growing) −19.51% (below 0%: shrinking) −17.82% (below 0%: shrinking) 100.00% 19.67% Compare
AXS Axis Capital Holdings Limited $7.2B 7.0× 7.4× +7.35% (above 0%: growing) +24.00% (above 0%: growing) +137.05% (above 0%: growing) 28.72% 19.18% Compare
FAF First American Financial Corporation $6.5B 9.0× 9.9× +14.99% (above 0%: growing) +51.06% (above 0%: growing) +2.71% (above 0%: growing) 100.00% 16.60%
ACT Enact Holdings, Inc. $6.3B 9.7× 8.8× +4.07% (above 0%: growing) +11.61% (above 0%: growing) −0.84% (below 0%: shrinking) 73.93% 73.26% Compare
ESNT Essent Group Ltd. $5.7B 8.9× 8.0× +13.64% (above 0%: growing) +7.18% (above 0%: growing) +3.88% (above 0%: growing) 65.75% 65.75% Compare
MTG MGIC Investment Corporation $5.7B 8.7× 8.3× −2.91% (below 0%: shrinking) +6.17% (above 0%: growing) +0.83% (above 0%: growing) 81.29% 80.85% Compare
RDN Radian Group Inc. $4.5B 8.7× 7.8× +92.58% (above 0%: growing) −17.48% (below 0%: shrinking) +147.96% (above 0%: growing) 50.35% 30.09% Compare
AGO Assured Guaranty Ltd. $3.1B 9.5× 11.8× −30.60% (below 0%: shrinking) −57.89% (below 0%: shrinking) −48.72% (below 0%: shrinking) 97.95% 42.05% Compare
Median of peers $6.0B 9.2× 8.5× +7.27% +6.68% 0.00% 69.84% 36.07%

All 17 Insurance Specialty stocks →

First American Financial Corporation (FAF) key facts

  • Strength: First American Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $7.5 billion, up 21.6% from fiscal 2024.
  • Strength: Net income was $625.2 million, or $6.02 per share (basic), a net margin of 8.34%.
  • First American Financial Corporation (FAF) is an Insurance Specialty company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, FAF traded at $64.96, a market capitalization of $6.5 billion.
  • At that price the stock trades at 9.0× trailing-twelve-month earnings and 0.8× sales; its P/E is higher than 23% of its own readings over the past ten years.
  • First American Financial Corporation pays an annual dividend of $2.26 per share, a yield of 3.48%, with a payout ratio of 31.3%.
  • Return on equity was 11.9% and debt-to-equity 0.27.
  • Its Piotroski F-score is 8 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

First American Financial Corporation (FAF) Latest News

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stockrow.com/FAF · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com