7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 27.2% per year over the past 5 years.
Operating margin has expanded, at 8.4% in the latest year.
Free cash flow has grown 22.8% per year over the past 5 years.
Financial health
Total debt ($2.1B) exceeds cash ($240M); net debt is $1.9B.
Total debt has grown slower than revenue (21.3% vs 27.2% per year).
Total debt is 8.7× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$1.6B
-$35M
0.0%
8.4%
-2.7%
-0.9%
$188M
$2.1B
$240M
2024
$860M
-$110M
0.0%
-7.3%
-8.4%
-2.8%
$26M
$2.2B
$169M
2023
$764M
$37M
0.0%
10.7%
4.1%
2.3%
$161M
$565M
$214M
2022
$810M
$65M
0.0%
11.6%
5.7%
3.4%
$207M
$557M
$392M
2021
$712M
$16M
0.0%
9.0%
1.4%
0.9%
$141M
$555M
$293M
2020
$472M
-$47M
0.0%
-0.4%
-6.0%
-2.7%
$68M
$805M
$153M
2019
$482M
$34M
0.0%
19.1%
—
—
$65M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$449M
$17M
0.0%
12.7%
1.3%
0.5%
$69M
$2.0B
$238M
Mar '26
$385M
$2M
0.0%
8.7%
0.2%
0.1%
$47M
$2.1B
$226M
Dec '25
$420M
$3M
0.0%
10.7%
0.3%
0.1%
$62M
$2.1B
$240M
Sep '25
$409M
$3M
0.0%
10.3%
0.2%
0.1%
$71M
$2.1B
$217M
Jun '25
$391M
$308000
0.0%
9.7%
0.0%
0.0%
$36M
$2.1B
$184M
Mar '25
$355M
-$41M
0.0%
2.1%
-3.2%
-1.1%
$19M
$2.2B
$172M
Dec '24
$307M
-$100M
0.0%
-26.3%
-7.7%
-2.6%
-$86M
$2.2B
$169M
Sep '24
$199M
-$9M
0.0%
4.6%
-1.0%
-0.5%
$43M
$560M
$307M
Jun '24
$185M
$2M
0.0%
5.4%
0.2%
0.1%
$31M
$559M
$270M
Mar '24
$169M
-$3M
0.0%
-0.4%
-0.3%
-0.2%
$38M
$559M
$245M
Dec '23
$203M
$15M
0.0%
14.5%
1.6%
0.9%
$56M
$565M
$214M
Sep '23
$200M
$11M
0.0%
11.6%
1.2%
0.7%
$33M
$558M
$165M
Jun '23
$185M
$10M
0.0%
9.5%
0.9%
0.5%
$32M
$558M
$399M
Mar '23
$176M
$2M
0.0%
6.4%
0.2%
0.1%
$39M
$557M
$400M
Dec '22
$213M
$20M
0.0%
13.5%
1.8%
1.1%
$70M
$557M
$392M
Sep '22
$206M
$17M
0.0%
12.5%
1.5%
0.9%
$46M
$556M
$390M
Jun '22
$202M
$14M
0.0%
11.3%
1.2%
0.7%
$53M
$556M
$352M
Mar '22
$190M
$13M
0.0%
9.0%
1.1%
0.7%
$39M
$555M
$308M
Dec '21
$213M
$15M
0.0%
11.9%
1.4%
0.8%
$63M
$555M
$293M
Sep '21
$193M
$16M
0.0%
12.6%
1.5%
0.9%
$26M
$565M
$276M
Valuation over time
How the market has priced FA against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 37.1× (Mar '23) to 88.6× (Nov '24).
The price-to-sales ratio has fallen from 3.0× (Mar '23) to 2.3× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is FA growing its revenue and profit?
Over the past 5 years, First Advantage Corp's revenue has grown 27.2% per year. These are computed facts, not advice.
How much debt does FA have?
As of FY2025, First Advantage Corp reported $2.1B of total debt against $240M of cash.
What is FA's profit margin?
In FY2025, gross margin was —, operating margin 8.4%, and net margin -2.2%.
What is FA's P/E ratio?
As of Sep '26, First Advantage Corp traded at a price-to-earnings ratio of about 88.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.