FAFirst Advantage Corporation

$20.53

Is it safe?

Can FA take a bad year?

First Advantage Corporation carries $1.80B of net debt at 6.20× EBITDA: a heavy load to carry through a bad year.

$1.80B

Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
6.20×

Net debt / EBITDA · 25.9× a year ago · the load is coming down

Altman Z-score
1.24

Altman Z-score · distress zone, below 1.8

Debt / equity
1.57×

Debt / equity

Details
Total debtQ2 2026
$2.03B
Cash and short-term investments
$238M
Net debt
$1.80B
EBITDA, trailing twelve months
$289M
Operating profit, trailing twelve months
$178M
Debt / equity
1.57×
Total debt / EBITDA
7.03×
Annualised volatilitytwo years of daily moves
54%
Worst drawdown on file
−59%
Below its 52-week high
−15%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.