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Company Overview — What Does FIRST ADVANTAGE CORP Do?

First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products. The company also provides post-onboarding solutions, including criminal records monitoring, healthcare sanctions, motor vehicle records, social media screening, and global sanctions and licenses; and fleet/vehicle compliance, hiring tax credits and incentives, resident/tenant screening, and investigative research. Its products and solutions are used by personnel in recruiting, human resources, risk, compliance, vendor management, safety, and/or security in global enterprises, mid-sized, and small companies. The company was formerly known as Fastball Intermediate, Inc. and changed its name to First Advantage Corporation in March 2021. First Advantage Corporation was founded in 2003 and is headquartered in Atlanta, Georgia. FIRST ADVANTAGE CORP (FA) is classified as a small-cap stock in the Industrials sector, specifically within the Business Services industry. The company is led by CEO Scott D. Staples and employs approximately 5,500 people. With a market capitalization of $1.9B, FA is one of the notable companies in the Industrials sector.

FIRST ADVANTAGE CORP (FA) Stock Rating — Reduce (April 2026)

As of April 2026, FIRST ADVANTAGE CORP receives a Reduce rating with a composite score of 39.6/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.FA ranks #3,113 out of 4,446 stocks in our coverage universe. Within the Industrials sector, FIRST ADVANTAGE CORP ranks among stocks, placing it in the top 10% of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

FA Stock Price and 52-Week Range

FIRST ADVANTAGE CORP (FA) currently trades at $10.93. The stock lost $0.22 (2.0%) in the most recent trading session. The 52-week high for FA is $19.01, which means the stock is currently trading -42.5% from its annual peak. The 52-week low is $8.82, putting the stock 23.9% above its annual trough. Recent trading volume was 1.1M shares, reflecting moderate market activity.

Is FA Overvalued or Undervalued? — Valuation Analysis

FIRST ADVANTAGE CORP (FA) carries a value factor score of 55/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 1106.00x, compared to the Industrials sector average of 28.33x — a premium of 3804%. The price-to-book ratio stands at 1.50x, versus the sector average of 2.23x. The price-to-sales ratio is 1.45x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, FA trades at 13.05x EV/EBITDA, versus 5.70x for the sector.

Overall, FA's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

FIRST ADVANTAGE CORP Profitability — ROE, Margins, and Quality Score

FIRST ADVANTAGE CORP (FA) earns a quality factor score of 43/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -3.6%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -1.2% versus the sector average of 3.3%.

On a margin basis, FIRST ADVANTAGE CORP reports gross margins of 100.0%, compared to 35.8% for the sector. The operating margin is 6.7% (sector: 6.2%). Net profit margin stands at -3.8%, versus 3.9% for the average Industrials stock. Revenue growth is running at 121.7% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

FA Debt, Balance Sheet, and Financial Health

FIRST ADVANTAGE CORP has a debt-to-equity ratio of 161.0%, compared to the Industrials sector average of 70.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 2.44x, indicating strong short-term liquidity. Total debt on the balance sheet is $2.11B. Cash and equivalents stand at $217M.

FA has a beta of 1.09, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for FIRST ADVANTAGE CORP is 46/100, reflecting average volatility within the normal range for its sector.

FIRST ADVANTAGE CORP Revenue and Earnings History — Quarterly Trend

In TTM 2026, FIRST ADVANTAGE CORP reported revenue of $1.35B and earnings per share (EPS) of $-0.20. Net income for the quarter was $-47M. Gross margin was 100.0%. Operating income came in at $97M.

In FY 2025, FIRST ADVANTAGE CORP reported revenue of $1.57B and earnings per share (EPS) of $-0.20. Net income for the quarter was $-35M. Revenue grew 83.0% year-over-year compared to FY 2024. Operating income came in at $132M.

In Q3 2025, FIRST ADVANTAGE CORP reported revenue of $409M and earnings per share (EPS) of $0.01. Net income for the quarter was $3M. Revenue grew 105.5% year-over-year compared to Q3 2024. Operating income came in at $42M.

In Q2 2025, FIRST ADVANTAGE CORP reported revenue of $391M and earnings per share (EPS) of $0.00. Net income for the quarter was $308,000. Revenue grew 111.7% year-over-year compared to Q2 2024. Operating income came in at $38M.

Over the past 8 quarters, FIRST ADVANTAGE CORP has demonstrated a growth trajectory, with revenue expanding from $185M to $1.35B. Investors analyzing FA stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

FA Dividend Yield and Income Analysis

FIRST ADVANTAGE CORP (FA) does not currently pay a dividend. This is common among smaller companies in the Business Services industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.

FA Momentum and Technical Analysis Profile

FIRST ADVANTAGE CORP (FA) has a momentum factor score of 25/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 56/100 reflects moderate short selling activity.

FA vs Competitors — Industrials Sector Ranking and Peer Comparison

Within the Industrials sector, FIRST ADVANTAGE CORP (FA) ranks #— out of 752 stocks based on the Blank Capital composite score. This places FA in the top decile of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.

Comparing FA against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full FA vs S&P 500 (SPY) comparison to assess how FIRST ADVANTAGE CORP stacks up against the broader market across all factor dimensions.

FA Next Earnings Date

No upcoming earnings date has been announced for FIRST ADVANTAGE CORP (FA) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy FA? — Investment Thesis Summary

The quantitative profile for FIRST ADVANTAGE CORP suggests caution. Momentum is weak at 25/100, a headwind for near-term performance.

In summary, FIRST ADVANTAGE CORP (FA) earns a Reduce rating with a composite score of 39.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on FA stock.

Related Resources for FA Investors

Explore more research and tools: FA vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare FA head-to-head with peers: FA vs SOBO, FA vs TEN, FA vs GLDD.