First Advantage (FA) FCF Margin (2020 - 2026)
First Advantage's FCF Margin was 15.36% in Q2 2026, up 6.12 percentage points from 9.24% a year earlier and up 3.26 percentage points from the prior quarter.
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Analysis
First Advantage (FA) FCF Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Advantage's FCF Margin was 14.97% through Jun 30, 2026, up 14.00 percentage points year-over-year; for FY2025, it came in at 11.97%, up 8.89 percentage points from FY2024.
- FCF Margin shows a five-year change of -2.33 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 3.08% in FY2024 (-17.97 pp), 21.05% in FY2023 (-4.46 pp), 25.51% in FY2022 (+5.66 pp) and 19.85% in FY2021 (+5.55 pp).
- Quarterly FCF Margin has moved between -28.00% (Q4 2024) and 32.83% (Q4 2022) over five years.
- Compared with a year earlier, FCF Margin has increased for three straight quarters, with an average year-over-year change of -3.03 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q4 2025 (a gain of 42.80 percentage points); the worst was Q4 2024 (a drop of 55.87 percentage points).
- Per Business Quant data, FA's FCF Margin in the three quarters before Q2 2026 was 12.10% (Q1 2026), 14.80% (Q4 2025) and 17.41% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.11 Bn | 240.18 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 230.86 Bn | 211.27 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 124.96 Bn | 110.89 Bn | 1.64 Bn | 47.15% |
| 4 | Snowflake | 112.15 Bn | 99.47 Bn | 1.04 Bn | 5.42% |
| 5 | Datadog | 91.25 Bn | 72.89 Bn | 881.34 Mn | 27.28% |
| 6 | Zscaler | 34.31 Bn | 20.43 Bn | - | - |
| 7 | Okta | 33.59 Bn | 23.68 Bn | 641.00 Mn | 28.94% |
| 8 | Axon Enterprise | 31.89 Bn | 26.42 Bn | 546.45 Mn | -0.11% |
| 9 | MongoDB | 29.10 Bn | 19.57 Bn | 569.77 Mn | 18.06% |
| 10 | First Advantage | 3.37 Bn | 2.45 Bn | 203.99 Mn | 15.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.36% |
| Mar 31, 2026 | 12.10% |
| Dec 31, 2025 | 14.80% |
| Sep 30, 2025 | 17.41% |
| Jun 30, 2025 | 9.24% |
| Mar 31, 2025 | 5.35% |
| Dec 31, 2024 | -28.00% |
| Sep 30, 2024 | 21.63% |
| Jun 30, 2024 | 17.01% |
| Mar 31, 2024 | 22.43% |
| Dec 31, 2023 | 27.87% |
| Sep 30, 2023 | 16.59% |
| Jun 30, 2023 | 17.53% |
| Mar 31, 2023 | 21.97% |
| Dec 31, 2022 | 32.83% |
| Sep 30, 2022 | 22.12% |
| Jun 30, 2022 | 26.08% |
| Mar 31, 2022 | 20.37% |
| Dec 31, 2021 | 29.76% |
| Sep 30, 2021 | 13.41% |
API Access
First Advantage FCF Margin 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=fcf-margin&ticker=FA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=FA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();