First Advantage Corp. (FA) intrinsic value & 10-year financials
First Advantage Corp. (FA) has a Graham intrinsic value of $8.64 per share. At $19.18 on Oct 17, 2026, the stock trades 122% above that value. Over the last 8 fiscal years revenue grew 21.8% a year to $1.6B, with an average return on invested capital of 3.2%.
- Graham intrinsic value
- $8.64
- Share price (Oct 17, 2026)
- $19.18
- Price vs Graham value
- 122% above
- Market cap
- $3.3B
- Revenue (FY2025)
- $1.6B
- Revenue growth (8-yr CAGR)
- 21.8%
- ROIC (10-yr avg)
- 3.2%
- Free cash flow (FY2025)
- $188.5M
FA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.6B | -$34.8M | -$0.20 | $188.5M | 8.4% | 3.8% |
| FY2024 | $860.2M | -$110.3M | -$0.74 | $26.5M | -7.3% | -2.6% |
| FY2023 | $763.8M | $37.3M | $0.26 | $160.7M | 10.7% | 4.9% |
| FY2022 | $810.0M | $64.6M | $0.43 | $206.6M | 11.6% | 5.3% |
| FY2021 | $712.3M | $16.1M | $0.11 | $141.4M | 9.0% | 4.5% |
| FY2020 | — | — | — | — | — | — |
| FY2019 | $481.8M | $34.2M | $0.21 | $65.0M | 19.1% | — |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
FIRST ADVANTAGE CORP revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
FIRST ADVANTAGE CORP has historically struggled to out-earn its cost of capital, averaging just 3.2% ROIC.
FIRST ADVANTAGE CORP capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, FIRST ADVANTAGE CORP is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $8.64 per share.