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Side-by-side financial comparison of CNA FINANCIAL CORP (CNA) and FIRST ADVANTAGE CORP (FA). Click either name above to swap in a different company.

FIRST ADVANTAGE CORP is the larger business by last-quarter revenue ($420.0M vs $389.0M, roughly 1.1× CNA FINANCIAL CORP). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs 0.8%, a 76.8% gap on every dollar of revenue. On growth, FIRST ADVANTAGE CORP posted the faster year-over-year revenue change (36.8% vs -2.0%). CNA FINANCIAL CORP produced more free cash flow last quarter ($542.0M vs $62.2M). Over the past eight quarters, FIRST ADVANTAGE CORP's revenue compounded faster (57.5% CAGR vs -2.2%).

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.

First Advantage Corp is a leading global provider of end-to-end workforce screening and background verification solutions. It serves clients across diverse sectors including technology, healthcare, finance, retail, and manufacturing, ranging from small businesses to large multinational enterprises, helping reduce hiring risks, meet regulatory requirements, and build secure, trusted work environments globally.

CNA vs FA — Head-to-Head

Bigger by revenue
FA
FA
1.1× larger
FA
$420.0M
$389.0M
CNA
Growing faster (revenue YoY)
FA
FA
+38.8% gap
FA
36.8%
-2.0%
CNA
Higher net margin
CNA
CNA
76.8% more per $
CNA
77.6%
0.8%
FA
More free cash flow
CNA
CNA
$479.8M more FCF
CNA
$542.0M
$62.2M
FA
Faster 2-yr revenue CAGR
FA
FA
Annualised
FA
57.5%
-2.2%
CNA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNA
CNA
FA
FA
Revenue
$389.0M
$420.0M
Net Profit
$302.0M
$3.5M
Gross Margin
Operating Margin
97.2%
10.7%
Net Margin
77.6%
0.8%
Revenue YoY
-2.0%
36.8%
Net Profit YoY
1338.1%
103.5%
EPS (diluted)
$1.11
$0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CNA
CNA
FA
FA
Q4 25
$389.0M
$420.0M
Q3 25
$393.0M
$409.2M
Q2 25
$398.0M
$390.6M
Q1 25
$397.0M
$354.6M
Q4 24
$397.0M
$307.1M
Q3 24
$401.0M
$199.1M
Q2 24
$404.0M
$184.5M
Q1 24
$407.0M
$169.4M
Net Profit
CNA
CNA
FA
FA
Q4 25
$302.0M
$3.5M
Q3 25
$403.0M
$2.6M
Q2 25
$299.0M
$308.0K
Q1 25
$274.0M
$-41.2M
Q4 24
$21.0M
$-100.4M
Q3 24
$283.0M
$-8.9M
Q2 24
$317.0M
$1.9M
Q1 24
$338.0M
$-2.9M
Operating Margin
CNA
CNA
FA
FA
Q4 25
97.2%
10.7%
Q3 25
10.3%
Q2 25
95.5%
9.7%
Q1 25
87.9%
2.1%
Q4 24
5.3%
-26.3%
Q3 24
90.0%
4.6%
Q2 24
99.5%
5.4%
Q1 24
-0.4%
Net Margin
CNA
CNA
FA
FA
Q4 25
77.6%
0.8%
Q3 25
102.5%
0.6%
Q2 25
75.1%
0.1%
Q1 25
69.0%
-11.6%
Q4 24
5.3%
-32.7%
Q3 24
70.6%
-4.4%
Q2 24
78.5%
1.0%
Q1 24
83.0%
-1.7%
EPS (diluted)
CNA
CNA
FA
FA
Q4 25
$1.11
$0.03
Q3 25
$1.48
$0.01
Q2 25
$1.10
$0.00
Q1 25
$1.00
$-0.24
Q4 24
$0.07
$-0.67
Q3 24
$1.04
$-0.06
Q2 24
$1.17
$0.01
Q1 24
$1.24
$-0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNA
CNA
FA
FA
Cash + ST InvestmentsLiquidity on hand
$240.0M
Total DebtLower is stronger
$3.0B
$2.1B
Stockholders' EquityBook value
$11.6B
$1.3B
Total Assets
$69.4B
$3.8B
Debt / EquityLower = less leverage
0.26×
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNA
CNA
FA
FA
Q4 25
$240.0M
Q3 25
$216.8M
Q2 25
$184.3M
Q1 25
$172.0M
Q4 24
$168.7M
Q3 24
$307.4M
Q2 24
$269.6M
Q1 24
$246.0M
Total Debt
CNA
CNA
FA
FA
Q4 25
$3.0B
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$3.0B
$2.2B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CNA
CNA
FA
FA
Q4 25
$11.6B
$1.3B
Q3 25
$11.3B
$1.3B
Q2 25
$10.7B
$1.3B
Q1 25
$10.3B
$1.3B
Q4 24
$10.5B
$1.3B
Q3 24
$10.8B
$920.7M
Q2 24
$9.9B
$913.3M
Q1 24
$9.7B
$907.7M
Total Assets
CNA
CNA
FA
FA
Q4 25
$69.4B
$3.8B
Q3 25
$69.8B
$3.9B
Q2 25
$68.9B
$3.9B
Q1 25
$67.3B
$3.9B
Q4 24
$66.5B
$3.9B
Q3 24
$67.4B
$1.7B
Q2 24
$65.2B
$1.6B
Q1 24
$65.1B
$1.6B
Debt / Equity
CNA
CNA
FA
FA
Q4 25
0.26×
1.61×
Q3 25
1.64×
Q2 25
1.65×
Q1 25
1.69×
Q4 24
0.28×
1.66×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CNA
CNA
FA
FA
Operating Cash FlowLast quarter
$570.0M
$65.9M
Free Cash FlowOCF − Capex
$542.0M
$62.2M
FCF MarginFCF / Revenue
139.3%
14.8%
Capex IntensityCapex / Revenue
7.2%
0.9%
Cash ConversionOCF / Net Profit
1.89×
19.01×
TTM Free Cash FlowTrailing 4 quarters
$2.4B
$188.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNA
CNA
FA
FA
Q4 25
$570.0M
$65.9M
Q3 25
$720.0M
$72.4M
Q2 25
$562.0M
$37.3M
Q1 25
$638.0M
$19.5M
Q4 24
$703.0M
$-85.7M
Q3 24
$748.0M
$43.5M
Q2 24
$616.0M
$32.0M
Q1 24
$504.0M
$38.3M
Free Cash Flow
CNA
CNA
FA
FA
Q4 25
$542.0M
$62.2M
Q3 25
$704.0M
$71.2M
Q2 25
$538.0M
$36.1M
Q1 25
$620.0M
$19.0M
Q4 24
$665.0M
$-86.0M
Q3 24
$730.0M
$43.1M
Q2 24
$597.0M
$31.4M
Q1 24
$484.0M
$38.0M
FCF Margin
CNA
CNA
FA
FA
Q4 25
139.3%
14.8%
Q3 25
179.1%
17.4%
Q2 25
135.2%
9.2%
Q1 25
156.2%
5.4%
Q4 24
167.5%
-28.0%
Q3 24
182.0%
21.6%
Q2 24
147.8%
17.0%
Q1 24
118.9%
22.4%
Capex Intensity
CNA
CNA
FA
FA
Q4 25
7.2%
0.9%
Q3 25
4.1%
0.3%
Q2 25
6.0%
0.3%
Q1 25
4.5%
0.1%
Q4 24
9.6%
0.1%
Q3 24
4.5%
0.2%
Q2 24
4.7%
0.4%
Q1 24
4.9%
0.2%
Cash Conversion
CNA
CNA
FA
FA
Q4 25
1.89×
19.01×
Q3 25
1.79×
27.91×
Q2 25
1.88×
121.25×
Q1 25
2.33×
Q4 24
33.48×
Q3 24
2.64×
Q2 24
1.94×
17.22×
Q1 24
1.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNA
CNA

Segment breakdown not available.

FA
FA

First Advantage Americas$209.9M50%
Sterling$185.9M44%
First Advantage International$24.2M6%

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