First Advantage (FA) EV to EBITDA (2021 - 2026)
First Advantage's EV to EBITDA was 6.70 in Q2 2026, down 54.5% from 14.73 a year earlier but up 51.2% from the prior quarter.
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Analysis
First Advantage (FA) EV to EBITDA (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Advantage's EV to EBITDA was 5.10 through Jun 30, 2026, down 54.5% year-over-year; for FY2025, it came in at 6.01, down 83.7% from FY2024.
- In earlier years, EV to EBITDA was 36.81 in FY2024 (+254.6%), 10.38 in FY2023 (+56.7%), 6.62 in FY2022 (-47.7%) and 12.67 in FY2021.
- Quarterly EV to EBITDA has moved between 4.43 (Q1 2026) and 36.81 (Q4 2024) over five years.
- Compared with a year earlier, EV to EBITDA has declined for four straight quarters, with growth averaging 23.2% over the last eight quarters.
- The best year-over-year quarter for EV to EBITDA over five years was Q4 2024 (growth of 254.6%); the worst was Q4 2025 (a decline of 83.7%).
- Per Business Quant data, FA's EV to EBITDA in the three quarters before Q2 2026 was 4.43 (Q1 2026), 6.01 (Q4 2025) and 9.90 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 3 | Fortinet | 126.03 Bn | 111.96 Bn | 1.64 Bn |
| 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 |
| 9 | MongoDB | 28.84 Bn | 19.31 Bn | 569.77 Mn |
| 10 | First Advantage | 3.37 Bn | 2.45 Bn | 203.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.60 |
| Mar 31, 2026 | 4.36 |
| Dec 31, 2025 | 5.91 |
| Sep 30, 2025 | 9.66 |
| Jun 30, 2025 | 14.35 |
| Mar 31, 2025 | 17.84 |
| Dec 31, 2024 | 35.69 |
| Sep 30, 2024 | 14.96 |
| Jun 30, 2024 | 10.94 |
| Mar 31, 2024 | 10.61 |
| Dec 31, 2023 | 10.29 |
| Sep 30, 2023 | 8.57 |
| Jun 30, 2023 | 8.39 |
| Mar 31, 2023 | 7.29 |
| Dec 31, 2022 | 6.57 |
| Sep 30, 2022 | 6.78 |
| Jun 30, 2022 | 6.84 |
| Mar 31, 2022 | 11.99 |
| Dec 31, 2021 | 12.31 |
| Sep 30, 2021 | 13.73 |
API Access
First Advantage EV to EBITDA 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=ev-to-ebitda&ticker=FA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=FA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();