First Advantage (FA) Debt Ratio (2020 - 2026)
First Advantage's (FA) Debt Ratio stood at 0.54 in Q2 2026, down 1.2% from 0.55 a year earlier and down 0.9% from the prior quarter.
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Analysis
First Advantage (FA) Debt Ratio (2020 - 2026) Analysis & Trends
Starting with Q4 2020, First Advantage's Debt Ratio history includes 22 quarters.
- Across earlier years, Debt Ratio came in at 0.55 in FY2024 (+59.5%), 0.34 in FY2023 (+16.0%), 0.30 in FY2022 (+0.4%) and 0.29 in FY2021 (-33.9%).
- Quarterly Debt Ratio has ranged from 0.29 in Q3 2022 to 0.55 in Q1 2025 over the past five years.
- On a year-over-year basis, Debt Ratio has declined for three consecutive quarters, with growth averaging 29.9% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 61.4% in Q3 2025, against a decline of 33.9% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.55 (Q1 2026), 0.54 (Q4 2025) and 0.55 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 256.16 Bn | 241.23 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 232.32 Bn | 212.72 Bn | 1.10 Bn | 0.06 |
| 3 | Fortinet | 126.03 Bn | 111.96 Bn | 1.64 Bn | 0.05 |
| 4 | Snowflake | 110.90 Bn | 98.21 Bn | 1.04 Bn | - |
| 5 | Datadog | 91.64 Bn | 73.28 Bn | 881.34 Mn | - |
| 6 | Zscaler | 34.08 Bn | 20.20 Bn | - | - |
| 7 | Okta | 33.37 Bn | 23.47 Bn | 641.00 Mn | - |
| 8 | Axon Enterprise | 31.78 Bn | 26.30 Bn | 546.45 Mn | 0.23 |
| 9 | MongoDB | 28.84 Bn | 19.31 Bn | 569.77 Mn | - |
| 10 | First Advantage | 3.37 Bn | 2.45 Bn | 203.99 Mn | 0.54 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.54 |
| Mar 31, 2026 | 0.55 |
| Dec 31, 2025 | 0.54 |
| Sep 30, 2025 | 0.55 |
| Jun 30, 2025 | 0.55 |
| Mar 31, 2025 | 0.55 |
| Dec 31, 2024 | 0.55 |
| Sep 30, 2024 | 0.34 |
| Jun 30, 2024 | 0.34 |
| Mar 31, 2024 | 0.34 |
| Dec 31, 2023 | 0.34 |
| Sep 30, 2023 | 0.34 |
| Jun 30, 2023 | 0.30 |
| Mar 31, 2023 | 0.30 |
| Dec 31, 2022 | 0.30 |
| Sep 30, 2022 | 0.29 |
| Jun 30, 2022 | 0.29 |
| Mar 31, 2022 | 0.29 |
| Dec 31, 2021 | 0.29 |
| Sep 30, 2021 | 0.30 |
API Access
First Advantage Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=FA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "FA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=FA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();