First Advantage Corporation — Earnings Quality Grade F
FA · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 69 days, change -44 days YoY
AR growth 11.4% vs revenue growth 83.0%
Revenue 83.0%, CFFO 592.0%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 68.1% vs revenue 83.0%. Normal
SG&A/Gross Profit = 32.8%. Normal
Gross margin 45.7%, change -2.1pp. Stable
Cash Flow Quality
CFFO/NI = -5.60. Below 1.0
FCF $0.1B, FCF/NI = -4.05
Accruals ratio = -6.0%. Low accruals
Cash $0.2B covers only 11% of debt $2.1B
Balance Sheet Health
Goodwill+Intangibles $3.0B = 228% of equity. Over 50%
Debt/EBITDA = 5.5x (>4x). Interest coverage = 0.8x (<2x). Financial stress
Other assets -22.9% vs revenue 83.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -4% YoY. Normal
Manipulation Score
M-Score = -2.31 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25