First Advantage Corporation (FA) Stock

First Advantage Corporation (FA) is a Technology stock trading at $21.23 (as of 2026-08-20), with a market capitalization of $3.65B and a trailing P/E of 152.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

First Advantage Corporation supplies technology-enabled services used for employment screening, verification, and related safety and compliance processes. Its offerings cover pre-hire checks and post-hire monitoring across identity, background and records verification, healthcare credentialing, sanctions and licensing, and related compliance uses for recruiting, HR, risk, compliance, and safety teams.

Understand First Advantage Corporation: how it makes money

First Advantage Corporation provides technology solutions for human-capital screening, verifications, safety, and compliance, selling pre-onboarding screening and post-onboarding monitoring to employers and other organizations.

Revenue performance is driven by a mix of base decline, increases from existing customers, contributions from new customer logos, and revenue from acquisitions (with an additional, smaller upsell and cross-sell contribution).

Revenue by segment (latest quarter)
Total$0.4B

Business quality (Mixed): Good clarity on the company’s human-capital screening business model and on revenue drivers (existing customers, new customers, acquisitions). However, the provided data does not include a clean, mutually exclusive official segment breakdown that sums to total revenue, and gross margin is not provided.

Valuation: Trades at 321× trailing earnings · $3B market cap.

Bull case

  • Existing-customer expansion shows up in the revenue bridge: “Revenue Increase from Existing Customers” is 0.04B, and “Upsell and Cross-Sell Contribution to Revenue Performance” is 0.01B.
  • Lifecycle coverage supports selling across the employee journey: The company offers both pre-onboarding products (for example, background checks and identity checks) and post-onboarding solutions (for example, monitoring and compliance-related services).

Bear case

  • Revenue still faces a base decline component: “Base Decline in Revenue Performance” is 0.01B, which can offset other growth drivers.
  • International contribution appears small in the provided figures: “Revenue in the International Segment” is 0.02B in the candidate set provided.
Valuation — source: SEC EDGAR (first-party)
Price$21.23
Market Cap$3.65B
P/E Ratio152.9
EV / EBITDA19.6
Price / Book2.82
Price / Sales2.24
FCF Yield9.2%
DCF Value (model)$13.29
DCF Upside vs Price-37.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.57B
Net Margin-2.2%
Revenue Growth (YoY)83.0%
EPS Growth (YoY)-73.0%
FCF Growth (YoY)611.9%
Financial Health — source: SEC EDGAR
Altman Z-Score1.44 (distress)
Valuation vs Sector & Industry
Stock P/E152.9
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector350.6%
vs Industry410.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderSilver Lake Group, L.L.C. ($1.05B)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOScott Staples
Employees10,000
CountryUS
IPO Date2021-06-23

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FA earnings history · FA institutional & insider holders · FA KPIs & operating metrics · FA financials · FA investor presentations & press releases · FA SEC filings · FA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.