First American Financial (FAF) Gross Margin (2009 - 2026)
First American Financial (FAF) reported Gross Margin of 67.24% for Q1 2026, down 1518.0% on a YoY basis from 4.74% in Q1 2025, and down 40.65% quarter-over-quarter from 113.29% in Q4 2025.
First American Financial (FAF) Gross Margin (2009 - 2026) Analysis & Trends
First American Financial has reported Gross Margin for 18 years, with the latest figure at 67.24% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 1518.0% year-over-year to 67.24%; the trailing twelve-month figure through Mar 2026 stood at 140.94% (down 21961.0% YoY), and the FY2025 full-year result was 280.39%, down 36222.0% from the prior year.
- Gross Margin for Q1 2026 stood at 67.24%, down from 113.29% in the prior quarter.
- The five-year high for Gross Margin was 113.29% in Q4 2025, with the low at 19.72% in Q4 2023.
- Historically, Gross Margin has averaged 77.12% across 5 years, with a median of 81.51% in 2023.
- Annual changes were most pronounced in 2023 — Gross Margin slumped 8529 bps — and 2024, when it soared 6302 bps.
- First American Financial's Gross Margin stood at 105.01% in 2022, then slumped by 81 bps to 19.72% in 2023, then soared by 320 bps to 82.74% in 2024, then jumped by 37 bps to 113.29% in 2025, then sank by 41 bps to 67.24% in 2026.
- The last three Gross Margin figures came in at 67.24% (Q1 2026), 113.29% (Q4 2025), and 84.38% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.87 Bn | 10.21 Bn | 2.62 Bn | 81.15% |
| 2 | Axis Capital Holdings | 7.52 Bn | 6.65 Bn | - | - |
| 3 | First American Financial | 6.80 Bn | 3.91 Bn | 1.24 Bn | 67.24% |
| 4 | Enact Holdings | 6.01 Bn | 5.46 Bn | 205.74 Mn | 84.70% |
| 5 | Mgic Investment | 5.57 Bn | 5.32 Bn | 202.12 Mn | 85.88% |
| 6 | Essent | 5.47 Bn | 5.47 Bn | - | - |
| 7 | Radian | 4.74 Bn | 4.66 Bn | 368.17 Mn | 78.95% |
| 8 | Ryan Specialty Holdings | 4.62 Bn | 5.05 Bn | - | - |
| 9 | Assured Guaranty | 3.42 Bn | -495.48 Mn | 216.00 Mn | 82.76% |
| 10 | NMI Holdings | 2.82 Bn | 2.75 Bn | 152.85 Mn | 83.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 67.24% |
| Dec 31, 2025 | 113.29% |
| Sep 30, 2025 | 84.38% |
| Jun 30, 2025 | 68.85% |
| Mar 31, 2025 | 82.41% |
| Dec 31, 2024 | 82.74% |
| Sep 30, 2024 | 80.10% |
| Jun 30, 2024 | 69.47% |
| Mar 31, 2024 | 81.34% |
| Dec 31, 2023 | 19.72% |
| Sep 30, 2023 | 81.51% |
| Jun 30, 2023 | 83.45% |
| Mar 31, 2023 | 82.12% |
| Dec 31, 2022 | 105.01% |
| Sep 30, 2022 | 82.89% |
| Jun 30, 2022 | 63.72% |
| Mar 31, 2022 | 62.74% |
| Dec 31, 2021 | 112.11% |
| Sep 30, 2021 | 68.94% |
| Jun 30, 2021 | 68.27% |