Industrials · Specialty Business Services
Price
$17.82
Market Cap
$3.1B
Employees
10,000
Beta
1.22
Avg Volume
1,344,138
CEO
Scott Staples
Business Description
First Advantage Corporation (FA) is a global technology firm that delivers solutions centered on human capital, specializing in verification, screening, safety protocols, and regulatory adherence. The company provides an extensive array of services both before and after an individual joins an organization. For pre-employment needs, their offerings encompass criminal background checks, drug and health screenings, verification for an extended workforce, FBI channeling, identity confirmation including biometric fraud mitigation tools, validation of educational and professional histories, driver record checks and compliance, healthcare credential verification, and specialized executive screening, alongside other assessment products. Beyond the initial hiring phase, their post-onboarding solutions include continuous monitoring for criminal records, healthcare sanctions, motor vehicle records, social media activity, and global sanctions and licenses. Furthermore, First Advantage extends its expertise to areas such as fleet and vehicle compliance management, assistance with securing hiring tax credits and incentives, screening services for residents and tenants, and investigative research. These diverse services cater to professionals in various departments, including human resources, recruitment, risk management, compliance, vendor relations, and security, across enterprises of all sizes – from global corporations to mid-sized and small businesses. Established in Atlanta, Georgia, in 2003, First Advantage Corporation was previously known as Fastball Intermediate, Inc., adopting its current name in March 2021.
Business History
Price Overview
Last updated: Jun 28, 2026 5:28am (just now)$17.82
+1.06 (+6.32%)
Day Range
$16.63 – $17.87
52-Week Range
$8.82 – $18.55
50-Day MA
$14.96
200-Day MA
$13.71
Volume
3,238,839.00
Analyst Price Targets
Low
$15.00
Consensus
$16.50
High
$18.00
(6 analysts)
Share Structure
Outstanding
171,537,047.00
Float
77,675,406.00
Free Float
45.3%
Moderate free float
— 45.3% of shares trade freely, ~54.7% held by insiders/institutions
Reasonable but insiders still hold a significant stake. This can be positive (skin in the game) but may limit liquidity during sell-offs.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
362.96
Stock Price: $17.82
EPS (Diluted): -0.20
EPS (Diluted): -0.20
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.92
Stock Price: $17.82
Total Equity: $1.31B
Shares: 173,199,004
Total Equity: $1.31B
Shares: 173,199,004
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
11.91
Market Cap: $3.06B
Total Debt: $2.08B
Cash: $240.00M
EBITDA: $380.00M
Total Debt: $2.08B
Cash: $240.00M
EBITDA: $380.00M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$4.4B
Market Cap: $3.06B
Total Debt: $2.08B
Cash: $240.00M
Total Debt: $2.08B
Cash: $240.00M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
1.60
Stock Price: $17.82
Revenue: $1.57B
Shares: 173,199,004
Revenue: $1.57B
Shares: 173,199,004
EV/Sales (Total value vs revenue — works when P/E can't)
API2.77
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
29.9%
Gross Profit: $470.50M
Revenue: $1.57B
Revenue: $1.57B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
9.0%
Operating Income: $141.21M
Revenue: $1.57B
Revenue: $1.57B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-2.2%
Net Income: -$34.82M
Revenue: $1.57B
Revenue: $1.57B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
0.7%
Net Income: -$34.82M
Total Equity: $1.31B
Total Equity: $1.31B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
4.5%
Operating Income: $141.21M
Tax Rate: 6.5%
Equity: $1.31B
Total Debt: $2.08B
Cash: $240.00M
Tax Rate: 6.5%
Equity: $1.31B
Total Debt: $2.08B
Cash: $240.00M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.44
Current Assets: $561.70M
Current Liabilities: $230.46M
Current Liabilities: $230.46M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.59
Short-Term Debt: $3.57M
Long-Term Debt: $2.08B
Total Debt: $2.08B
Total Equity: $1.31B
Long-Term Debt: $2.08B
Total Debt: $2.08B
Total Equity: $1.31B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$9.09
Revenue: $1.57B
Shares: 173,199,004
Shares: 173,199,004
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$7.58
Total Equity: $1.31B
Shares: 173,199,004
Shares: 173,199,004
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.81
Operating CF: $195.13M
CapEx: -$54.25M
Shares: 173,199,004
CapEx: -$54.25M
Shares: 173,199,004
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $17.82
Stock Price: $17.82
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$34.82M
Net Income: -$34.82M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares FA against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 7:23am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $712.3M | $810.0M | $763.8M | $860.2M | $1.6B |
| Cost of Revenue | $352.2M | $408.9M | $386.8M | $448.9M | $1.1B |
| Gross Profit | $360.1M | $401.1M | $377.0M | $411.3M | $470.5M |
| Operating Expenses | $296.3M | $306.8M | $295.5M | $473.7M | $329.3M |
| Operating Income | $63.8M | $94.3M | $81.5M | -$62.4M | $141.2M |
| Net Income | $16.1M | $64.6M | $37.3M | -$110.3M | -$34.8M |
| EBITDA | $195.1M | $232.5M | $211.0M | $83.2M | $380.0M |
| EPS | $0.11 | $0.43 | $0.26 | $-0.74 | $-0.20 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 7:23am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $292.6M | $391.7M | $213.8M | $168.7M | $240.0M |
| Total Current Assets | $466.2M | $566.2M | $373.7M | $476.0M | $561.7M |
| Total Assets | $1.9B | $1.9B | $1.6B | $3.9B | $3.8B |
| Current Liabilities | $109.3M | $100.8M | $85.0M | $250.7M | $230.5M |
| Long-Term Debt | $554.8M | $556.6M | $558.5M | $2.1B | $2.1B |
| Total Liabilities | $754.3M | $759.2M | $723.9M | $2.6B | $2.5B |
| Total Equity | $1.1B | $1.1B | $906.7M | $1.3B | $1.3B |
| Retained Earnings | -$31.4M | -$27.4M | -$49.5M | -$159.8M | -$194.6M |
Cash Flow (Annual)
Last updated: Jun 24, 2026 7:23am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $148.7M | $212.8M | $162.8M | $28.2M | $195.1M |
| Capital Expenditure | -$23.8M | -$28.5M | -$27.7M | -$1.7M | -$54.3M |
| Free Cash Flow | $124.9M | $184.2M | $135.1M | $26.5M | $140.9M |
| Acquisitions (net) | -$48.9M | -$19.1M | -$41.1M | -$1.6B | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$60.5M | -$59.0M | $0 | $0 |
| Net Change in Cash | $139.8M | $99.0M | -$177.9M | -$44.4M | $70.6M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 11:16pm (6h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$1.5B $1.5B – $1.6B
|
$1.7B $1.7B – $1.7B
|
$1.8B $1.8B – $1.8B
|
$1.9B $1.9B – $1.9B
|
| EBITDA |
$363.4M $361.1M – $365.3M
|
$393.4M $391.0M – $395.4M
|
$420.5M $415.8M – $422.9M
|
$454.7M $453.2M – $456.3M
|
| Net Income |
$173.3M $171.4M – $175.2M
|
$212.1M $210.4M – $213.8M
|
$248.1M $246.4M – $249.8M
|
$315.7M $311.1M – $317.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 7:23am (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +13.7% | -5.7% | +12.6% | +83.0% |
| Gross Profit Growth | +11.4% | -6.0% | +9.1% | +14.4% |
| Operating Income Growth | +47.7% | -13.5% | -176.5% | +326.4% |
| Net Income Growth | +302.5% | -42.3% | -395.7% | +68.4% |
| EBITDA Growth | +19.2% | -9.3% | -60.6% | +357.0% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-08 | Clark James Lindsey | S-Sale | 4,921.00 | $15.69 | $77,210 |
| 2026-06-05 | Bell Susan R. | A-Award | 12,805.00 | $0.00 | $0 |
| 2026-06-05 | Price Bridgett R | A-Award | 12,805.00 | $0.00 | $0 |
| 2026-06-05 | Sim Judith | A-Award | 12,805.00 | $0.00 | $0 |
| 2026-06-05 | Clark James Lindsey | A-Award | 12,805.00 | $0.00 | $0 |
| 2026-05-11 | Nairne Douglas | M-Exempt | 715.00 | $0.00 | $0 |
| 2026-05-11 | Nairne Douglas | M-Exempt | 715.00 | $0.00 | $0 |
| 2026-05-11 | Jardine Bret T | M-Exempt | 976.00 | $0.00 | $0 |
| 2026-05-11 | Jardine Bret T | F-InKind | 294.00 | $16.04 | $4,716 |
| 2026-05-12 | Jardine Bret T | S-Sale | 682.00 | $16.12 | $10,994 |
| 2026-05-11 | Jardine Bret T | M-Exempt | 976.00 | $0.00 | $0 |
| 2026-05-11 | Smith Joelle M | M-Exempt | 24,905.00 | $0.00 | $0 |
| 2026-05-11 | Smith Joelle M | F-InKind | 6,974.00 | $16.04 | $111,863 |
| 2026-05-11 | Smith Joelle M | M-Exempt | 24,905.00 | $0.00 | $0 |
| 2026-05-07 | Smith Joelle M | S-Sale | 23,334.00 | $15.00 | $350,012 |
| 2026-04-24 | Gillett Mark | 0.00 | $0.00 | $0 | |
| 2025-03-04 | Nairne Douglas | M-Exempt | 742.00 | $0.00 | $0 |
| 2025-03-04 | Nairne Douglas | M-Exempt | 742.00 | $0.00 | $0 |
| 2026-03-04 | Nairne Douglas | M-Exempt | 743.00 | $0.00 | $0 |
| 2026-03-04 | Nairne Douglas | M-Exempt | 743.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 24, 2026 7:23am (3d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2023-08-18 | $1.50 | 2023-08-08 | 2023-08-21 | 2023-08-31 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for FA — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30