First Advantage (FA) Return on Invested Capital [ROIC] (2021 - 2026)
First Advantage's Return on Invested Capital [ROIC] came in at 3.58% for Q2 2026, up 4.30 percentage points from -0.72% a year earlier but down 1.12 percentage points from the prior quarter.
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Analysis
First Advantage (FA) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, First Advantage's Return on Invested Capital [ROIC] was 3.62%, up 6.06 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a four-year change of +1.10 percentage points (FY2021 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was -2.44% in FY2024 (-6.43 pp), 3.98% in FY2023 (-0.26 pp), 4.25% in FY2022 (+1.73 pp) and 2.52% in FY2021.
- The five-year range for quarterly Return on Invested Capital [ROIC] is -2.43% (Q4 2024) to 4.70% (Q1 2026).
- Year-over-year, Return on Invested Capital [ROIC] has increased for three consecutive quarters, with an average year-over-year change of -0.41 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q1 2026 (a gain of 6.26 percentage points), and the weakest in Q4 2024 (a drop of 6.74 percentage points).
- Business Quant data shows FA's Return on Invested Capital [ROIC] at 4.70% (Q1 2026), 3.64% (Q4 2025) and 0.19% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (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 | -2.11% |
| 3 | Fortinet | 125.35 Bn | 111.28 Bn | 1.64 Bn | 111.71% |
| 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 | 2.98% |
| 8 | Axon Enterprise | 31.65 Bn | 26.18 Bn | 546.45 Mn | 0.45% |
| 9 | MongoDB | 29.46 Bn | 19.93 Bn | 569.77 Mn | - |
| 10 | First Advantage | 3.35 Bn | 2.43 Bn | 203.99 Mn | 3.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.58% |
| Mar 31, 2026 | 4.70% |
| Dec 31, 2025 | 3.64% |
| Sep 30, 2025 | 0.19% |
| Jun 30, 2025 | -0.72% |
| Mar 31, 2025 | -1.57% |
| Dec 31, 2024 | -2.43% |
| Sep 30, 2024 | 2.38% |
| Jun 30, 2024 | 3.40% |
| Mar 31, 2024 | 3.70% |
| Dec 31, 2023 | 4.31% |
| Sep 30, 2023 | 4.01% |
| Jun 30, 2023 | 3.86% |
| Mar 31, 2023 | 4.06% |
| Dec 31, 2022 | 4.21% |
| Sep 30, 2022 | 3.79% |
| Jun 30, 2022 | 3.89% |
| Mar 31, 2022 | 3.61% |
| Dec 31, 2021 | 2.45% |
| Sep 30, 2021 | 0.00% |
API Access
First Advantage Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=FA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=FA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();