See more : Hyundai Rotem Company (064350.KS) Income Statement Analysis – Financial Results
Complete financial analysis of First Advantage Corporation (FA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Advantage Corporation, a leading company in the Specialty Business Services industry within the Industrials sector.
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First Advantage Corporation (FA)
About First Advantage Corporation
First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products. The company also provides post-onboarding solutions, including criminal records monitoring, healthcare sanctions, motor vehicle records, social media screening, and global sanctions and licenses; and fleet/vehicle compliance, hiring tax credits and incentives, resident/tenant screening, and investigative research. Its products and solutions are used by personnel in recruiting, human resources, risk, compliance, vendor management, safety, and/or security in global enterprises, mid-sized, and small companies. The company was formerly known as Fastball Intermediate, Inc. and changed its name to First Advantage Corporation in March 2021. First Advantage Corporation was founded in 2003 and is headquartered in Atlanta, Georgia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 763.76M | 810.02M | 712.30M | 509.15M | 481.77M | 779.96M | 842.90M | 817.56M | 643.75M | 266.54M | 166.50M | 319.10M | 242.92M | 38.58M | 30.37M |
| Cost of Revenue | 386.78M | 408.93M | 352.17M | 433.10M | 245.32M | 282.67M | 281.75M | 291.35M | 231.62M | 105.48M | 100.19M | 112.90M | 79.36M | 11.13M | 8.41M |
| Gross Profit | 376.98M | 401.10M | 360.13M | 76.05M | 236.44M | 497.30M | 561.15M | 526.22M | 412.13M | 161.05M | 66.31M | 206.20M | 163.57M | 27.45M | 21.96M |
| Gross Profit Ratio | 49.36% | 49.52% | 50.56% | 14.94% | 49.08% | 63.76% | 66.57% | 64.36% | 64.02% | 60.42% | 39.83% | 64.62% | 67.33% | 71.16% | 72.30% |
| Research & Development | 49.26M | 51.93M | 45.51M | 35.39M | 33.24M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 114.83M | 113.74M | 106.58M | 76.50M | 118.32M | 274.43M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 1.90M | 2.90M | 1.40M | 700.00K | -33.24M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 116.73M | 116.64M | 107.98M | 77.20M | 85.08M | 274.43M | 401.46M | 366.70M | 286.52M | 127.83M | 51.18M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | 138.25M | 142.82M | 0.00 | 25.95M | 129.30M | 42.12M | 39.15M | 27.61M | 12.54M | 40.62M | 157.88M | 133.38M | 26.86M | 22.29M |
| Operating Expenses | 295.47M | 306.82M | 296.30M | 77.20M | 144.28M | 403.73M | 443.58M | 405.85M | 314.13M | 140.37M | 91.79M | 157.88M | 133.38M | 26.86M | 22.29M |
| Cost & Expenses | 682.25M | 715.75M | 648.47M | 510.30M | 389.60M | 686.39M | 725.33M | 697.20M | 545.75M | 245.86M | 191.98M | 270.78M | 212.73M | 37.98M | 30.71M |
| Interest Income | 0.00 | 9.20M | 150.00K | 555.00K | 945.00K | 897.00K | 2.02M | 0.00 | 0.00 | 30.00M | 41.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 33.04M | 9.20M | 25.12M | 48.05M | 51.96M | 2.55M | 10.64M | 6.43M | 0.00 | 2.24M | 113.00K | 159.00K | 154.00K | 281.00K | 241.00K |
| Depreciation & Amortization | 129.47M | 138.25M | 142.82M | 137.16M | 25.95M | 65.24M | 42.12M | 39.15M | 27.61M | 12.54M | 8.43M | -19.76M | -13.81M | -547.00K | -3.00K |
| EBITDA | 210.99M | 232.52M | 195.13M | 88.96M | 119.07M | 115.31M | 62.31M | 158.57M | 124.36M | 33.22M | 21.62M | 48.32M | 30.19M | 598.00K | -333.00K |
| EBITDA Ratio | 27.63% | 28.71% | 29.03% | 26.71% | 24.71% | 17.57% | 7.39% | 18.66% | 18.04% | 12.46% | -9.20% | 15.14% | 12.43% | 1.55% | -1.10% |
| Operating Income | 81.52M | 94.28M | 63.82M | -1.15M | 92.17M | 71.82M | 20.19M | 120.37M | 98.00M | 20.68M | 4.96M | 48.32M | 30.19M | 598.00K | -333.00K |
| Operating Income Ratio | 10.67% | 11.64% | 8.96% | -0.23% | 19.13% | 9.21% | 2.40% | 14.72% | 15.22% | 7.76% | 2.98% | 15.14% | 12.43% | 1.55% | -1.10% |
| Total Other Income/Expenses | -33.04M | -9.20M | -38.91M | -95.10M | -51.02M | -1.65M | 91.72M | -5.48M | 4.39M | -173.00K | -113.00K | -159.00K | -154.00K | -281.00K | -241.00K |
| Income Before Tax | 48.48M | 85.08M | 24.91M | -96.25M | 41.15M | 70.17M | 209.29M | 117.25M | 102.39M | 18.44M | 4.85M | 48.17M | 30.04M | 317.00K | -574.00K |
| Income Before Tax Ratio | 6.35% | 10.50% | 3.50% | -18.90% | 8.54% | 9.00% | 24.83% | 14.34% | 15.91% | 6.92% | 2.91% | 15.09% | 12.36% | 0.82% | -1.89% |
| Income Tax Expense | 11.18M | 20.48M | 8.86M | -12.23M | 6.90M | 37.08M | 84.08M | 47.77M | 43.52M | 7.76M | 2.05M | 19.60M | 13.65M | 266.00K | -238.00K |
| Net Income | 37.29M | 64.60M | 16.05M | -84.02M | 34.25M | 34.86M | 138.11M | 66.16M | 58.43M | 10.68M | 2.80M | 28.57M | 16.38M | 51.00K | -336.00K |
| Net Income Ratio | 4.88% | 7.98% | 2.25% | -16.50% | 7.11% | 4.47% | 16.38% | 8.09% | 9.08% | 4.01% | 1.68% | 8.95% | 6.74% | 0.13% | -1.11% |
| EPS | 0.26 | 0.43 | 0.11 | -0.55 | 0.22 | 0.59 | 2.35 | 1.15 | 1.10 | 0.85 | 0.79 | 0.67 | 0.13 | 0.00 | 0.00 |
| EPS Diluted | 0.26 | 0.43 | 0.11 | -0.55 | 0.22 | 0.59 | 2.34 | 1.14 | 1.09 | 0.85 | 0.79 | 0.67 | 0.13 | 0.00 | 0.00 |
| Weighted Avg Shares Out | 144.08M | 150.23M | 152.90M | 152.86M | 152.86M | 59.39M | 58.87M | 57.50M | 52.88M | 49.71M | 48.07M | 42.86M | 130.00M | 130.00M | 130.00M |
| Weighted Avg Shares Out (Dil) | 146.23M | 151.81M | 152.90M | 152.86M | 152.86M | 59.50M | 59.12M | 58.08M | 53.59M | 50.04M | 48.20M | 42.86M | 130.00M | 130.00M | 130.00M |
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Maintain a hold rating on First Advantage due to ongoing macroeconomic uncertainties and increased leverage post-merger with STER. Despite the larger scale of the merger, the growth outlook remains unchanged, with continued poor base revenue and hiring demand. The combined...
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First Advantage Corporation (FA) Q3 2024 Earnings Call Transcript
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First Advantage to Participate in Upcoming Investor Conferences
ATLANTA, Nov. 07, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening, identity, and verification solutions, today announced the Company's management team will host investor meetings and speak at the following investor...
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ATLANTA, Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of employment background screening, identity, and verification solutions, today announced that it has completed its acquisition of Sterling Check Corp. (the “transaction”). Valued at $2.2...
First Advantage to Release Third Quarter 2024 Financial Results and Hold Investor Conference Call on November 12, 2024
ATLANTA, Oct. 22, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, will issue its third quarter 2024 financial results on Tuesday, November 12, 2024 prior to the Company's...
First Advantage and Sterling Announce Election Deadline for Sterling Stockholders to Elect Merger Consideration
ATLANTA and INDEPENDENCE, Ohio, Oct. 21, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA) and Sterling Check Corp. (NASDAQ:STER) today announced that the deadline for (i) record holders of vested shares of Sterling common stock and (ii) eligible holders of...
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