The Tip Desk

FIRST ADVANTAGE CORP

Company Stats

Market Cap
$3.1B
as of Sep 30, 2026
Enterprise Value
$4.9B
Shares Outstanding
171.8M
Free Float
33.8%

Income Statement

Revenue
$1.6B
Operating Income
$132.5M
Net Income
-$34.8M
EBITDA
$244.3M
Revenue Growth, 3Y
24.8%
FCF Margin, 3Y Avg
12.0%
FCF Margin, Worst Year
3.1%

Cash Flow

Free Cash Flow
$188.5M
FCF Yield
6.2%
Owner FCF Yield
5.4%

Balance Sheet

Cash & Equivalents
$240.0M
Total Debt
$2.1B
Net Debt
$1.9B
Net Debt / EBITDA
7.67x
EV / EBITDA
20.19x
Net Debt / EBIT
14.15x

Returns & Capital

Buyback Yield, 3Y Avg
0.6%
SBC, 3Y Avg
$23.8M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$1.6B$188.5M12.0%
FY2024$860.2M$26.5M3.1%
FY2023$763.8M$160.7M21.0%
FY2022$810.0M$206.6M25.5%
FY2021$712.3M$141.4M19.8%

Annual filing data through FY ended December 31, 2025; shares and float as of October 28, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage