First Advantage (FA) Invested Capital (2020 - 2026)
First Advantage (FA) posted Invested Capital of $3.33 billion for Q2 2026, down 2.8% from $3.43 billion a year earlier and down 0.7% from the prior quarter.
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Analysis
First Advantage (FA) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, First Advantage's Invested Capital came in at $3.39 billion, down 1.6% from FY2024.
- Annual Invested Capital shows a five-year compound annual growth rate of 16.5% (FY2020 to FY2025).
- In prior years, First Advantage's Invested Capital was $3.45 billion in FY2024 (+135.5%), $1.47 billion in FY2023 (-13.0%), $1.68 billion in FY2022 (-0.2%) and $1.69 billion in FY2021 (+6.8%).
- The Q2 2026 figure stands as the lowest quarterly Invested Capital since Q3 2024.
- On a year-over-year basis, Invested Capital has declined in each of the last three quarters, with growth averaging 65.9% over the last eight quarters.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q4 2024, with growth of 135.5%; the weakest was Q3 2023, with a decline of 15.7%.
- According to Business Quant data, Invested Capital for the three prior quarters was $3.35 billion (Q1 2026), $3.39 billion (Q4 2025) and $3.4 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.42 Bn | 240.49 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 232.07 Bn | 212.47 Bn | 1.10 Bn | 5.89 Bn |
| 3 | Fortinet | 125.35 Bn | 111.28 Bn | 1.64 Bn | 2.05 Bn |
| 4 | Snowflake | 111.63 Bn | 98.94 Bn | 1.04 Bn | - |
| 5 | Datadog | 91.35 Bn | 72.99 Bn | 881.34 Mn | - |
| 6 | Zscaler | 34.43 Bn | 20.55 Bn | - | - |
| 7 | Okta | 33.87 Bn | 23.97 Bn | 641.00 Mn | 6.97 Bn |
| 8 | Axon Enterprise | 31.65 Bn | 26.18 Bn | 546.45 Mn | 5.41 Bn |
| 9 | MongoDB | 29.46 Bn | 19.93 Bn | 569.77 Mn | - |
| 10 | First Advantage | 3.35 Bn | 2.43 Bn | 203.99 Mn | 3.33 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.33 Bn |
| Mar 31, 2026 | 3.35 Bn |
| Dec 31, 2025 | 3.39 Bn |
| Sep 30, 2025 | 3.40 Bn |
| Jun 30, 2025 | 3.43 Bn |
| Mar 31, 2025 | 3.42 Bn |
| Dec 31, 2024 | 3.45 Bn |
| Sep 30, 2024 | 1.48 Bn |
| Jun 30, 2024 | 1.47 Bn |
| Mar 31, 2024 | 1.47 Bn |
| Dec 31, 2023 | 1.47 Bn |
| Sep 30, 2023 | 1.45 Bn |
| Jun 30, 2023 | 1.65 Bn |
| Mar 31, 2023 | 1.66 Bn |
| Dec 31, 2022 | 1.68 Bn |
| Sep 30, 2022 | 1.72 Bn |
| Jun 30, 2022 | 1.71 Bn |
| Mar 31, 2022 | 1.70 Bn |
| Dec 31, 2021 | 1.69 Bn |
| Sep 30, 2021 | 1.67 Bn |
API Access
First Advantage Invested Capital 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=invested-capital&ticker=FA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=FA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();