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 2.4× (Nov '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?
First Advantage Corp's P/E (TTM) is 150.76 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the FA stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 88.6× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.