First Advantage Valuation Multiples

First Advantage Overview

About First Advantage

First Advantage Corp is a provider of global software and data in the Human Resources technology industry. The company leverages proprietary technology and AI across its platforms, data, and APIs to deliver comprehensive background screening, digital identity, and verification solutions driven by innovation, automation, and customer success. Its reportable segments are First Advantage Americas, First Advantage International, and Sterling. Maximum revenue is generated from the First Advantage Americas segment. The group serves customers in over 200 countries and territories, modernising hiring and onboarding on a global scale.

Founded

2003

HQ

Employees

10.0K

Website

fadv.com

Sectors

Recruitment & Staffing

Financials (LTM)

Revenue: $2B

EBITDA: $449M

EV

$4B

Valuation Multiples

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First Advantage Financials

First Advantage reported last 12-month revenue of $2B and EBITDA of $449M.

In the same LTM period, First Advantage generated $692M in gross profit, $449M in EBITDA, and $188M in net income.

First Advantage P&L

In the most recent fiscal year, First Advantage reported revenue of $2B and EBITDA of $441M.

First Advantage expects next 12-month revenue of XXX and NTM EBITDA of XXX

First Advantage Stock Performance

First Advantage has current market cap of $2B, and enterprise value of $4B.

First Advantage's stock price is $11.76.

First Advantage Valuation Multiples

First Advantage trades at 2.5x EV/Revenue multiple, and 8.8x EV/EBITDA.

First Advantage Financial Valuation Multiples

As of March 25, 2026, First Advantage has market cap of $2B and EV of $4B.

Equity research analysts estimate First Advantage's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

First Advantage has a P/E ratio of 10.9x.

First Advantage Margins & Growth Rates

First Advantage's revenue in the last 12 month grew by 6%.

First Advantage's revenue per employee in the last FY averaged $0.2M.

First Advantage's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

First Advantage's rule of X is 43% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

First Advantage Public Comps

See public comps and valuation multiples for other Recruitment & Staffing comps.

First Advantage M&A Activity

First Advantage acquired XXX companies to date.

Last acquisition by First Advantage was on XXXXXXXX, XXXXX. First Advantage acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

First Advantage Investment Activity

First Advantage invested in XXX companies to date.

First Advantage made its latest investment on XXXXXXXX, XXXXX. First Advantage invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).