First Advantage Corporation (FA) Key Metrics
FA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.29B
- Enterprise value
- $5.24B
- P/E (TTM)
- 137.0 10-yr median 65.0
- Forward P/E
- 12.9
- PEG ratio
- —
- Price / sales
- 2.0 10-yr median 3.2
- Price / book
- 2.7 10-yr median 2.1
- EV / EBITDA
- 12.3 10-yr median 13.2
- Dividend yield
- —
- Beta
- 1.14
FA key metrics, 2006–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFA valuation Price multiples at each fiscal year-end price.
FA returns How much profit the business earns on the capital it uses.
FA per-share figures Results divided by the shares outstanding at year-end.
FA financial health Debt, liquidity and how easily interest is covered.
FA efficiency & capital use Working capital cycle and where the cash goes.
FA valuation history
FA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FA cash returned to shareholders
FA price vs earnings per share
FA key metrics
2006–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.52B | $2.78B | $2.42B | $1.97B | $2.91B | — | — | — | — | — |
| Enterprise value | $4.37B | $4.77B | $2.78B | $2.15B | $3.17B | — | — | — | — | — |
| P/E ratio | — | — | 65.0 | 30.5 | 181.4 | — | — | — | — | — |
| Price / sales | 1.6 | 3.2 | 3.2 | 2.4 | 4.1 | — | — | — | — | — |
| Price / book | 1.9 | 2.1 | 2.7 | 1.8 | 2.6 | — | — | — | — | — |
| Price / free cash flow | 17.9 | 105.1 | 17.9 | 10.7 | 23.3 | — | — | — | — | — |
| Price / operating cash flow | 12.9 | 98.7 | 14.9 | 9.3 | 19.6 | — | — | — | — | — |
| EV / sales | 2.8 | 5.5 | 3.6 | 2.7 | 4.5 | — | — | — | — | — |
| EV / EBITDA | 11.5 | 57.4 | 13.2 | 9.2 | 16.3 | — | — | — | — | — |
| EV / free cash flow | 31.0 | 180.2 | 20.6 | 11.7 | 25.4 | — | — | — | — | — |
| Earnings yield | −1.4% | −4.0% | 1.5% | 3.3% | 0.6% | — | — | — | — | — |
| Free cash flow yield | 5.6% | 1.0% | 5.6% | 9.3% | 4.3% | — | — | — | — | — |
| Dividend yield | 0.0% | 0.0% | 9.0% | 0.0% | 0.0% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | 11.4% | 3.1% | 0.0% | — | — | — | — | — |
| Share price at fiscal year-end | $14.53 | $18.73 | $16.57 | $13.00 | $19.04 | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $9.09 | $5.79 | $5.22 | $5.34 | $4.66 | $3.33 | $3.15 | $13.11 | $14.26 | $14.08 |
| Earnings per share | −$0.20 | −$0.74 | $0.26 | $0.43 | $0.10 | −$0.55 | $0.22 | $0.59 | $2.34 | $1.14 |
| Operating cash flow per share | $1.13 | $0.19 | $1.11 | $1.40 | $0.97 | $0.34 | $0.47 | $1.11 | $2.28 | $1.61 |
| Free cash flow per share | $0.81 | $0.18 | $0.92 | $1.21 | $0.82 | $0.23 | $0.36 | $0.52 | $1.59 | $1.03 |
| Cash per share | $1.39 | $1.14 | $1.46 | $2.59 | $1.92 | $1.01 | $0.54 | $0.88 | $1.30 | $0.55 |
| Book value per share | $7.58 | $8.80 | $6.20 | $7.42 | $7.41 | $5.20 | −$0.62 | $15.01 | $14.95 | $11.62 |
| Tangible book value per share | −$9.74 | −$12.15 | −$1.76 | −$0.42 | −$0.82 | −$3.27 | −$2.76 | $1.32 | $1.48 | −$1.52 |
| Dividends per share | $0.00 | $0.00 | $1.49 | $0.00 | $0.00 | $0.16 | $0.16 | $0.40 | $0.07 | — |
| Capex per share | $0.31 | $0.01 | $0.19 | $0.19 | $0.16 | $0.12 | $0.11 | $0.59 | $0.68 | $0.57 |
| Debt per share | $12.06 | $14.51 | $3.88 | $3.75 | $3.63 | $5.15 | $3.54 | $0.55 | $0.55 | $3.45 |
| Shares outstanding | 173.2M | 148.6M | 146.2M | 151.8M | 152.9M | 152.9M | 152.9M | 59.5M | 59.1M | 58.1M |
| Change in shares outstanding | +16.6% | +1.6% | −3.7% | −0.7% | +0.0% | 0.0% | +156.9% | +0.6% | +1.8% | +8.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −2.7% | −10.0% | 3.7% | 5.7% | 1.7% | −24.0% | — | 3.9% | 17.7% | 10.5% |
| Return on invested capital (ROIC) | 3.5% | −2.2% | 4.9% | 5.3% | 2.9% | −0.2% | 12.4% | 8.7% | 8.7% | 8.7% |
| Return on assets (ROA) | −0.9% | −4.0% | 2.1% | 3.4% | 0.9% | −7.3% | 4.1% | 2.9% | 11.9% | 6.4% |
| Return on tangible assets | −4.2% | −13.6% | 8.0% | 9.3% | 2.6% | −17.9% | 15.8% | 10.8% | 31.7% | 20.3% |
| Free cash flow margin | 8.9% | 3.1% | 17.7% | 22.7% | 17.5% | 6.8% | 11.4% | 4.0% | 11.2% | 7.3% |
| Income quality (OCF / net income) | — | — | 4.37 | 3.29 | 9.26 | — | 2.09 | 1.90 | 0.97 | 1.41 |
| Financial health | ||||||||||
| Total debt | $2.09B | $2.16B | $567.7M | $569.5M | $555.7M | $788.0M | $540.8M | $32.8M | $32.7M | $200.3M |
| Cash & short-term investments | $240.0M | $168.7M | $213.8M | $393.6M | $293.6M | $154.1M | $81.9M | $52.4M | $76.6M | $31.9M |
| Net debt | $1.85B | $1.99B | $354.0M | $175.9M | $262.1M | $633.9M | $458.9M | −$19.5M | −$43.9M | $168.4M |
| Debt / equity | 1.59 | 1.65 | 0.63 | 0.51 | 0.49 | 0.99 | — | 0.04 | 0.04 | 0.30 |
| Debt / assets | 0.54 | 0.55 | 0.35 | 0.30 | 0.29 | 0.45 | 0.99 | 0.03 | 0.03 | 0.18 |
| Net debt / EBITDA | 4.87 | 23.91 | 1.68 | 0.76 | 1.34 | 4.69 | 3.85 | −0.17 | −0.17 | 1.06 |
| Current ratio | 2.44 | 1.90 | 4.39 | 5.62 | 4.26 | 2.84 | 2.37 | 2.00 | 1.40 | 1.45 |
| Quick ratio | 2.44 | 1.90 | 4.42 | 5.62 | 4.26 | 2.84 | 2.37 | 2.00 | 1.40 | 1.45 |
| Interest coverage | 0.8 | -1.2 | 2.5 | 10.2 | 2.5 | -0.0 | 1.8 | 47.5 | 11.1 | 18.7 |
| Working capital | $331.2M | $225.3M | $288.7M | $465.4M | $356.9M | $179.9M | $107.5M | $102.8M | $75.6M | $62.0M |
| Invested capital | $3.16B | $3.29B | $1.26B | $1.30B | $1.39B | $1.43B | $364.7M | $873.3M | $839.7M | $843.3M |
| Tangible asset value | −$1.69B | −$1.81B | −$257.9M | −$63.6M | −$126.0M | −$499.2M | −$421.6M | $122.8M | $136.1M | −$40.2M |
| Net current asset value | −$1.96B | −$2.14B | −$350.2M | −$193.0M | −$288.2M | −$691.6M | −$453.0M | $6.9M | −$34.6M | −$167.7M |
| Graham number | — | — | $5.97 | $8.43 | $4.18 | — | — | $14.06 | $28.03 | $17.26 |
| Graham net-net per share | −$11.84 | −$15.08 | −$2.74 | −$1.68 | −$2.24 | −$4.79 | −$3.16 | −$0.93 | −$1.89 | −$3.91 |
| Capital allocation | ||||||||||
| Dividends paid | $133,000 | $255,000 | $217.7M | $0 | $313,000 | $23.8M | $23.8M | $23.8M | $3.9M | — |
| Share buybacks (net) | $0 | $0 | $59.0M | $60.5M | $0 | $0 | — | — | — | — |
| Dividend payout ratio | — | — | 583.9% | 0.0% | 2.0% | — | 69.6% | 68.4% | 2.8% | — |
| Dividends + buybacks / free cash flow | 0.1% | 1.0% | 204.8% | 32.9% | 0.3% | 69.0% | 43.4% | 76.8% | 4.2% | — |
| Capex / revenue | 3.4% | 0.2% | 3.6% | 3.5% | 3.3% | 3.5% | 3.5% | 4.5% | 4.8% | 4.1% |
| Capex / operating cash flow | 27.8% | 6.1% | 17.0% | 13.4% | 16.0% | 33.9% | 23.3% | 53.2% | 30.0% | 35.6% |
| Capex / depreciation | 0.22 | 0.01 | 0.21 | 0.21 | 0.17 | 0.13 | 0.64 | 0.83 | 0.96 | 0.85 |
| Stock-based compensation / revenue | 1.6% | 3.7% | 2.0% | 1.0% | 1.3% | 1.1% | 0.3% | 1.2% | — | −0.7% |
| R&D / revenue | 6.5% | 7.4% | 6.5% | 6.4% | 6.4% | 7.0% | 6.9% | — | — | — |
| SG&A / revenue | 15.0% | 30.7% | 15.3% | 14.4% | 15.2% | 15.3% | 24.6% | 35.2% | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 67.4 | 89.5 | 70.1 | 68.7 | 69.0 | 75.1 | 83.3 | 63.3 | 63.3 | 56.1 |
| Days of inventory on hand | — | — | -0.9 | 0.1 | 0.2 | 0.2 | 0.2 | — | — | — |
| Days payables outstanding | 38.2 | 68.3 | 48.1 | 48.6 | 50.8 | 56.4 | 56.1 | 58.7 | 61.6 | 50.4 |
| Cash conversion cycle (days) | 29.3 | 21.2 | 21.1 | 20.3 | 18.4 | 19.0 | 27.3 | 4.6 | 1.8 | 5.7 |
| Receivables turnover | 5.41 | 4.08 | 5.21 | 5.31 | 5.29 | 4.86 | 4.38 | 5.77 | 5.76 | 6.50 |
| Payables turnover | 9.57 | 5.35 | 7.59 | 7.51 | 7.18 | 6.48 | 6.50 | 6.22 | 5.93 | 7.24 |
| Inventory turnover | — | — | — | 2,829.95 | 2,347.80 | 1,874.47 | 1,947.02 | — | — | — |
| Asset turnover | 0.41 | 0.31 | 0.43 | 0.43 | 0.39 | 0.44 | 0.57 | 0.66 | 0.73 | 0.79 |
| Average receivables | $290.9M | $210.9M | $146.7M | $152.6M | $134.7M | $104.8M | $109.9M | $135.2M | $146.3M | $125.7M |
| Average payables | $115.4M | $83.9M | $51.0M | $54.5M | $49.0M | $40.2M | $37.7M | $45.4M | $47.5M | $40.2M |
| Average inventory | — | — | −$922,500 | $144,500 | $150,000 | $139,000 | $126,000 | — | — | — |
| Intangibles / total assets | 78.3% | 79.3% | 71.4% | 63.1% | 66.7% | 73.3% | 60.1% | 71.7% | 64.6% | 70.1% |
Computed from FA's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FA valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 137.0 and the forward P/E is 12.9. First Advantage earned a return on equity of −2.7% and a return on invested capital of 3.5% in fiscal 2025. It ended the year with $2.1 billion of debt and $240.0 million in cash and short-term investments, net debt of $1.8 billion. It returned $0.1 million to shareholders: $0.1 million in dividends and $0 in share buybacks, 0% of free cash flow. The share count rose 198.2% from 58.1M to 173.2M over 9 years.
See the FA income statement, the FA chart for price history, or the FA stock overview for the latest quote and news.
FA key metrics FAQ
What is First Advantage's P/E ratio?
First Advantage's trailing P/E ratio is 137.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.9. At the end of fiscal 2025 it was —, compared with a 10-year median of 65.0.
What is First Advantage's EV/EBITDA?
First Advantage's enterprise value was 11.5 times EBITDA at the end of fiscal 2025 (enterprise value $4.4 billion, EBITDA $380.0 million); the current EV/EBITDA is 12.3.
What is First Advantage's return on equity?
First Advantage's return on equity (ROE) was −2.7% in fiscal 2025: net income of -$34.8 million on average shareholders' equity of $1.3 billion.
What is First Advantage's ROIC?
First Advantage's return on invested capital was 3.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does First Advantage have?
First Advantage had total debt of $2.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.59 and $1.8 billion of net debt (4.87 times EBITDA).
What is First Advantage's dividend yield?
First Advantage paid $0.1 million in dividends in fiscal 2025 ($0.00 per share), a payout ratio of —.
What is First Advantage's free cash flow yield?
First Advantage generated $140.9 million of free cash flow in fiscal 2025, a free cash flow yield of 5.6% on its market value at year-end ($2.5 billion).
What is First Advantage's current ratio?
First Advantage's current ratio was 2.44 at the end of fiscal 2025: current assets were 2.44 times current liabilities.