First Amern Finl Corp Financials

FAF

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 34/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

First Amern Finl Corp's revenue grew a modest 2.1% year-over-year to $6.1B. This slow but positive growth earns a score of 35/100.

Leverage

First Amern Finl Corp has a moderate D/E ratio of 2.03. This balance of debt and equity financing earns a leverage score of 36/100.

Cash Flow

First Amern Finl Corp has a free cash flow margin of 11.1%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

First Amern Finl Corp generates a 2.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is down from 4.5% the prior year.

Piotroski F-Score Neutral

5/9

First Amern Finl Corp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

6.85x

For every $1 of reported earnings, First Amern Finl Corp generates $6.85 in operating cash flow ($897.5M OCF vs $131.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows First Amern Finl Corp (FAF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$6.1B

YoY+2.1%

5Y CAGR-0.2%

10Y CAGR+2.7%

First Amern Finl Corp generated $6.1B in revenue in fiscal year 2024. This represents an increase of 2.1% from the prior year.

EBITDA

N/A

Free Cash Flow

$679.2M

YoY+647.2%

5Y CAGR-3.4%

10Y CAGR+9.9%

First Amern Finl Corp generated $679.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 647.2% from the prior year.

Net Income

$131.1M

YoY-39.5%

5Y CAGR-28.6%

10Y CAGR-5.6%

First Amern Finl Corp reported $131.1M in net income in fiscal year 2024. This represents a decrease of 39.5% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$1.7B

YoY-52.3%

5Y CAGR+2.9%

10Y CAGR+3.7%

First Amern Finl Corp held $1.7B in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

103M

YoY-0.3%

5Y CAGR-1.8%

10Y CAGR-0.4%

First Amern Finl Corp had 103M shares outstanding in fiscal year 2024. This represents a decrease of 0.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

2.1%

YoY-1.5pp

5Y CAGR-9.3pp

10Y CAGR-2.9pp

First Amern Finl Corp's net profit margin was 2.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.5 percentage points from the prior year.

Return on Equity

2.7%

YoY-1.8pp

5Y CAGR-13.3pp

10Y CAGR-6.4pp

First Amern Finl Corp's ROE was 2.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.8 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$68.5M

YoY-5.8%

5Y CAGR+102.7%

First Amern Finl Corp spent $68.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 5.8% from the prior year.

Capital Expenditures

$218.3M

YoY-17.1%

5Y CAGR+15.3%

10Y CAGR+8.4%

First Amern Finl Corp invested $218.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 17.1% from the prior year.

FAF Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$6.1B+2.1%	$6.0B-21.1%	$7.6B-17.5%	$9.2B+30.1%	$7.1B+14.3%	$6.2B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$149.6M+12.9%	$132.5M+42.5%	$93.0M+28.5%	$72.4M+27.0%	$57.0M+18.8%	$48.0M
Income Tax	$32.8M-44.3%	$58.9M-2.5%	$60.4M-84.6%	$392.2M+75.9%	$223.0M+14.4%	$195.0M
Net Income	$131.1M-39.5%	$216.8M-17.6%	$263.0M-78.8%	$1.2B+78.3%	$696.0M-1.6%	$707.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$2.0B+7.5%	$1.8B+16.4%	$1.6B-6.1%	$1.7B+4.5%	$1.6B+13.2%	$1.4B-0.3%	$1.4B-3.5%	$1.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$39.9M+5.0%	$38.0M+8.0%	$35.2M-19.5%	$43.7M+23.4%	$35.4M+3.2%	$34.3M+3.0%	$33.3M-7.0%	$35.8M
Income Tax	$57.1M+18.7%	$48.1M+120.6%	$21.8M-19.3%	$27.0M-23.3%	$35.2M+203.4%	$11.6M+182.9%	$4.1M+920.0%	-$500K
Net Income	$189.6M+29.8%	$146.1M+96.9%	$74.2M+2.5%	$72.4M-37.6%	$116.0M+148.4%	$46.7M+37.0%	$34.1M+2105.9%	-$1.7M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FAF Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$14.9B-11.3%	$16.8B+12.4%	$15.0B-9.1%	$16.5B+28.6%	$12.8B+11.1%	$11.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.7B-52.3%	$3.6B+194.7%	$1.2B-0.4%	$1.2B-3.7%	$1.3B-14.2%	$1.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.8B-0.2%	$1.8B+0.5%	$1.8B+13.3%	$1.6B+15.1%	$1.4B+19.8%	$1.2B
Total Liabilities	$10.0B-16.4%	$11.9B+16.2%	$10.3B-3.7%	$10.7B+35.5%	$7.9B+11.0%	$7.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.9B+1.2%	$4.8B+4.1%	$4.7B-19.2%	$5.8B+17.5%	$4.9B+11.1%	$4.4B
Retained Earnings	$3.6B-2.5%	$3.7B-0.1%	$3.7B+0.9%	$3.7B+38.6%	$2.7B+22.9%	$2.2B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$17.6B+8.2%	$16.3B+5.0%	$15.5B+3.9%	$14.9B-1.6%	$15.2B+3.1%	$14.7B-12.5%	$16.8B+14.5%	$14.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$2.9B+43.3%	$2.0B-0.7%	$2.0B+19.0%	$1.7B-16.1%	$2.0B+36.0%	$1.5B-58.2%	$3.6B+128.3%	$1.6B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.8B+0.2%	$1.8B+0.2%	$1.8B+0.3%	$1.8B-0.2%	$1.8B+0.1%	$1.8B0.0%	$1.8B+0.4%	$1.8B
Total Liabilities	$12.3B+10.4%	$11.1B+6.4%	$10.5B+4.8%	$10.0B-3.3%	$10.3B+4.4%	$9.9B-17.2%	$11.9B+17.8%	$10.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$5.3B+3.4%	$5.1B+2.1%	$5.0B+2.3%	$4.9B+2.0%	$4.8B+0.6%	$4.8B-1.3%	$4.8B+7.1%	$4.5B
Retained Earnings	$3.9B+3.6%	$3.7B+2.5%	$3.6B+0.5%	$3.6B-3.8%	$3.8B+1.6%	$3.7B-0.2%	$3.7B-0.8%	$3.7B

FAF Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$897.5M+153.3%	$354.3M-54.4%	$777.6M-36.3%	$1.2B+12.4%	$1.1B+18.8%	$913.0M
Capital Expenditures	$218.3M-17.1%	$263.4M+1.4%	$259.8M+61.9%	$160.5M+40.8%	$114.0M+6.5%	$107.0M
Free Cash Flow	$679.2M+647.2%	$90.9M-82.4%	$517.8M-51.1%	$1.1B+9.1%	$971.0M+20.5%	$806.0M
Investing Cash Flow	-$458.7M-176.5%	$599.5M+252.5%	-$393.0M+88.4%	-$3.4B-139.8%	-$1.4B-213.1%	-$452.0M
Financing Cash Flow	-$2.3B-262.3%	$1.4B+478.1%	-$376.4M-117.7%	$2.1B+1781.5%	$113.0M+125.4%	-$445.0M
Dividends Paid	$220.7M+1.9%	$216.6M-0.4%	$217.5M+2.1%	$213.0M+7.0%	$199.0M+5.9%	$188.0M
Share Buybacks	$68.5M-5.8%	$72.7M-83.5%	$440.7M+344.3%	$99.2M-28.6%	$139.0M+6850.0%	$2.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$272.5M-24.7%	$361.8M+785.2%	-$52.8M-116.3%	$324.6M+21.7%	$266.7M+284.8%	$69.3M+266.2%	-$41.7M-119.0%	$219.3M
Capital Expenditures	$49.4M-5.7%	$52.4M+25.7%	$41.7M-28.6%	$58.4M+3.0%	$56.7M+9.7%	$51.7M-11.0%	$58.1M-11.7%	$65.8M
Free Cash Flow	$223.1M-27.9%	$309.4M+427.4%	-$94.5M-135.5%	$266.2M+26.8%	$210.0M+1093.2%	$17.6M+117.6%	-$99.8M-165.0%	$153.5M
Investing Cash Flow	-$353.7M+51.1%	-$723.2M-208.4%	-$234.5M-608.5%	-$33.1M-132.8%	$100.8M+143.6%	-$231.4M-155.8%	$414.7M+778.7%	-$61.1M
Financing Cash Flow	$964.9M+187.6%	$335.5M-45.2%	$612.3M+140.6%	-$1.5B-962.4%	$175.0M+109.1%	-$1.9B-217.2%	$1.6B+301.0%	-$820.0M
Dividends Paid	$56.0M+1.3%	$55.3M-0.7%	$55.7M+0.4%	$55.5M+1.5%	$54.7M-0.4%	$54.9M+0.7%	$54.5M-0.4%	$54.7M
Share Buybacks	$33.6M-44.5%	$60.5M+114.5%	$28.2M+243.9%	$8.2M-79.9%	$40.7M+1062.9%	$3.5M-80.2%	$17.7M+90.3%	$9.3M

FAF Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	2.1%-1.5pp	3.6%+0.2pp	3.5%-10.0pp	13.5%+3.6pp	9.8%-1.6pp	11.4%
Return on Equity	2.7%-1.8pp	4.5%-1.2pp	5.7%-15.9pp	21.5%+7.3pp	14.2%-1.8pp	16.0%
Return on Assets	0.9%-0.4pp	1.3%-0.5pp	1.8%-5.8pp	7.5%+2.1pp	5.4%-0.7pp	6.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.03-0.4	2.46+0.3	2.21+0.4	1.85+0.2	1.600.0	1.60
FCF Margin	11.1%+9.6pp	1.5%-5.3pp	6.8%-4.7pp	11.5%-2.2pp	13.7%+0.7pp	13.0%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	9.6%+1.7pp	7.9%+3.2pp	4.7%+0.4pp	4.3%-2.9pp	7.2%+3.9pp	3.3%+0.9pp	2.4%+2.5pp	-0.1%
Return on Equity	3.6%+0.7pp	2.9%+1.4pp	1.5%+0.0pp	1.5%-0.9pp	2.4%+1.4pp	1.0%+0.3pp	0.7%	N/A
Return on Assets	1.1%+0.2pp	0.9%+0.4pp	0.5%-0.0pp	0.5%-0.3pp	0.8%+0.5pp	0.3%+0.1pp	0.2%+0.2pp	-0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.32+0.1	2.17+0.1	2.08+0.0	2.03-0.1	2.14+0.1	2.07-0.4	2.46+0.2	2.24
FCF Margin	11.3%-5.5pp	16.8%+22.8pp	-6.0%-21.8pp	15.8%+2.8pp	13.0%+11.8pp	1.2%+8.2pp	-7.0%-17.3pp	10.4%

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Frequently Asked Questions

What is First Amern Finl Corp's annual revenue?

First Amern Finl Corp (FAF) reported $6.1B in total revenue for fiscal year 2024. This represents a 2.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is First Amern Finl Corp's revenue growing?

First Amern Finl Corp (FAF) revenue grew by 2.1% year-over-year, from $6.0B to $6.1B in fiscal year 2024.

Is First Amern Finl Corp profitable?

Yes, First Amern Finl Corp (FAF) reported a net income of $131.1M in fiscal year 2024, with a net profit margin of 2.1%.

What is First Amern Finl Corp's net profit margin?

First Amern Finl Corp (FAF) had a net profit margin of 2.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is First Amern Finl Corp's return on equity (ROE)?

First Amern Finl Corp (FAF) has a return on equity of 2.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is First Amern Finl Corp's free cash flow?

First Amern Finl Corp (FAF) generated $679.2M in free cash flow during fiscal year 2024. This represents a 647.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is First Amern Finl Corp's operating cash flow?

First Amern Finl Corp (FAF) generated $897.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are First Amern Finl Corp's total assets?

First Amern Finl Corp (FAF) had $14.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are First Amern Finl Corp's capital expenditures?

First Amern Finl Corp (FAF) invested $218.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does First Amern Finl Corp buy back shares?

Yes, First Amern Finl Corp (FAF) spent $68.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does First Amern Finl Corp have outstanding?

First Amern Finl Corp (FAF) had 103M shares outstanding as of fiscal year 2024.

What is First Amern Finl Corp's debt-to-equity ratio?

First Amern Finl Corp (FAF) had a debt-to-equity ratio of 2.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is First Amern Finl Corp's return on assets (ROA)?

First Amern Finl Corp (FAF) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is First Amern Finl Corp's Piotroski F-Score?

First Amern Finl Corp (FAF) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are First Amern Finl Corp's earnings high quality?

First Amern Finl Corp (FAF) has an earnings quality ratio of 6.85x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is First Amern Finl Corp?

First Amern Finl Corp (FAF) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.