FA
FIRST ADVANTAGE CORP
Technology • CIK: 0001210677
Loading...
Market Cap
$2.62B
P/E (TTM)
-17.1x
Rev Growth (TTM)
+93.4%
Net Margin (TTM)
-9.5%
FCF Yield (TTM)
1.5%
FCF Margin (TTM)
2.8%
Cash Flow Health
Free Cash Flow7/8 positive
TTM$40M
Q3 '25
$71M+97%
Q2 '25
$36M+90%
FCF Margin
TTM2.8%
Q3 '2517.4%+88%
Sector: 10.0%Below Avg
OCF Margin3.0%
OCF/NI-0.31x
CapEx Coverage13.7x
FCF Yield1.5%
FCF Growth (2Y)-41%
Cash Conversion Cycle
64 days
DSO: 64+DIO: –−DPO: –
Capital Allocation & Returns
Total Shareholder Yield
TTM0.0%
Div Yield0.0%
Insufficient data
Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$40.3M
Stock Repurchases ()$0
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
0.2%
Moderate
-0.9% YoY-0.1%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
0.4%
8Q: 3.1%
Asset Turnover
0.41x
8Q: 0.43x
Leverage (1+D/E)
2.62x
D/E: 1.62x
DuPont: 0.5% ≈ 0.2% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
5.66x
8Q:7.88x
-348.2%
Invested Cap Turn
0.49x
8Q:0.55x
-13.1%
CapEx Intensity
0.1%
8Q:0.1%
CapEx/Depreciation
0.03x
Depreciation Rate Trend
⚠ Declining -3.3%
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $1.5B | $409.2M↑4.7% | $390.6M↑10.2% | $354.6M↑15.5% | $307.1M↑54.2% | $199.1M↑7.9% | $184.5M↑8.9% | $169.4M↓16.4% | $202.6M |
Operating Income | $6.9M | $42.2M↑11.9% | $37.7M↑395.4% | $7.6M↑109.4% | $-80.7M↓985.3% | $9.1M↓8.0% | $9.9M↑1464.0% | $-726.0K↓102.5% | $29.4M |
Net Income | $-138.7M | $2.6M↑741.9% | $308.0K↑100.7% | $-41.2M↑59.0% | $-100.4M↓1032.8% | $-8.9M↓576.1% | $1.9M↑164.0% | $-2.9M↓119.6% | $14.8M |
Operating Cash Flow | $43.5M | $72.4M↑93.8% | $37.3M↑91.8% | $19.5M↑122.7% | $-85.7M↓297.0% | $43.5M↑35.7% | $32.0M↓16.4% | $38.3M↓32.4% | $56.7M |
Free Cash Flow | $40.3M | $71.2M↑97.3% | $36.1M↑90.2% | $19.0M↑122.1% | $-86.0M↓299.7% | $43.1M↑37.2% | $31.4M↓17.4% | $38.0M↓32.7% | $56.5M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
-17.1x
Valuation Lenses
Earnings
-17.1x
vs – sector
Cash Flow
113.5x
EV/FCF vs –
Growth-Adj
–PEG
N/A
Quality-Adj
–P/E per %ROIC
ROIC: 0.2%
Shareholder Returns
Dividend
–
Buyback
–
Total Yield
–
Market Cap$2.62B
EV–
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
10/100
Below Average
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Below Avg
-11.1%
8Q:–
Return on Invested Capital (ROIC)Top 25%
0.2%
8Q:–
Flat
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 0.4%
Asset Turnover: 0.41x
Earnings Quality
Cash Conversion
-0.31x
OCF / Net Income
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin100.0%
Capital Efficiency
Invested Capital Turnover0.49x
Working Capital
Cash Conversion Cycle64 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
60/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
93.4%
OpInc Growth YoY
363.5%
EPS Growth YoY
N/A
FCF 3Y CAGR
-41.4%
Growth Quality Analysis
⚠Working Capital Drag: FCF growth lagging revenue by 134.8%
Margin Quality & Sustainability
Moderate
Profitability Cascade
Gross
100.0%
Operating
0.5%
Below Avg in sector
Net
-9.5%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+12.2 pts
FCF: 2.8% | Net: -9.5%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Leveraged
Net Debt / EBITDA
–Net Debt: $1.89B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
1.62x
Balance sheet risk & solvency analysis