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

Envista Holdings Corp is the larger business by last-quarter revenue ($750.6M vs $420.0M, roughly 1.8× FIRST ADVANTAGE CORP). Envista Holdings Corp runs the higher net margin — 4.4% vs 0.8%, a 3.6% gap on every dollar of revenue. On growth, FIRST ADVANTAGE CORP posted the faster year-over-year revenue change (36.8% vs 15.0%). Envista Holdings Corp produced more free cash flow last quarter ($91.7M vs $62.2M). Over the past eight quarters, FIRST ADVANTAGE CORP's revenue compounded faster (57.5% CAGR vs 9.7%).

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.

Envista Forensics is a United States based company that provides forensic engineering and recovery solutions for the insurance, legal, and risk management industries in the United States and internationally. Originally LWG Consulting, Inc., The company rebranded itself as Envista Forensics in 2017.

FA vs NVST — Head-to-Head

Bigger by revenue
NVST
NVST
1.8× larger
NVST
$750.6M
$420.0M
FA
Growing faster (revenue YoY)
FA
FA
+21.8% gap
FA
36.8%
15.0%
NVST
Higher net margin
NVST
NVST
3.6% more per $
NVST
4.4%
0.8%
FA
More free cash flow
NVST
NVST
$29.5M more FCF
NVST
$91.7M
$62.2M
FA
Faster 2-yr revenue CAGR
FA
FA
Annualised
FA
57.5%
9.7%
NVST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FA
FA
NVST
NVST
Revenue
$420.0M
$750.6M
Net Profit
$3.5M
$32.9M
Gross Margin
54.7%
Operating Margin
10.7%
9.8%
Net Margin
0.8%
4.4%
Revenue YoY
36.8%
15.0%
Net Profit YoY
103.5%
2641.7%
EPS (diluted)
$0.03
$0.20

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
FA
FA
NVST
NVST
Q4 25
$420.0M
$750.6M
Q3 25
$409.2M
$669.9M
Q2 25
$390.6M
$682.1M
Q1 25
$354.6M
$616.9M
Q4 24
$307.1M
$652.9M
Q3 24
$199.1M
$601.0M
Q2 24
$184.5M
$633.1M
Q1 24
$169.4M
$623.6M
Net Profit
FA
FA
NVST
NVST
Q4 25
$3.5M
$32.9M
Q3 25
$2.6M
$-30.3M
Q2 25
$308.0K
$26.4M
Q1 25
$-41.2M
$18.0M
Q4 24
$-100.4M
$1.2M
Q3 24
$-8.9M
$8.2M
Q2 24
$1.9M
$-1.2B
Q1 24
$-2.9M
$23.6M
Gross Margin
FA
FA
NVST
NVST
Q4 25
54.7%
Q3 25
55.3%
Q2 25
54.2%
Q1 25
54.5%
Q4 24
57.1%
Q3 24
52.8%
Q2 24
51.6%
Q1 24
57.1%
Operating Margin
FA
FA
NVST
NVST
Q4 25
10.7%
9.8%
Q3 25
10.3%
8.6%
Q2 25
9.7%
6.8%
Q1 25
2.1%
6.3%
Q4 24
-26.3%
7.1%
Q3 24
4.6%
3.5%
Q2 24
5.4%
-182.2%
Q1 24
-0.4%
7.7%
Net Margin
FA
FA
NVST
NVST
Q4 25
0.8%
4.4%
Q3 25
0.6%
-4.5%
Q2 25
0.1%
3.9%
Q1 25
-11.6%
2.9%
Q4 24
-32.7%
0.2%
Q3 24
-4.4%
1.4%
Q2 24
1.0%
-181.9%
Q1 24
-1.7%
3.8%
EPS (diluted)
FA
FA
NVST
NVST
Q4 25
$0.03
$0.20
Q3 25
$0.01
$-0.18
Q2 25
$0.00
$0.16
Q1 25
$-0.24
$0.10
Q4 24
$-0.67
$0.00
Q3 24
$-0.06
$0.05
Q2 24
$0.01
$-6.69
Q1 24
$-0.02
$0.14

Balance Sheet & Financial Strength

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

Metric
FA
FA
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$240.0M
$1.2B
Total DebtLower is stronger
$2.1B
$1.4B
Stockholders' EquityBook value
$1.3B
$3.1B
Total Assets
$3.8B
$5.7B
Debt / EquityLower = less leverage
1.61×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FA
FA
NVST
NVST
Q4 25
$240.0M
$1.2B
Q3 25
$216.8M
$1.1B
Q2 25
$184.3M
$1.1B
Q1 25
$172.0M
$1.1B
Q4 24
$168.7M
$1.1B
Q3 24
$307.4M
$991.3M
Q2 24
$269.6M
$1.0B
Q1 24
$246.0M
$948.5M
Total Debt
FA
FA
NVST
NVST
Q4 25
$2.1B
$1.4B
Q3 25
$2.1B
$1.4B
Q2 25
$2.1B
$1.4B
Q1 25
$2.2B
$1.4B
Q4 24
$2.2B
$1.4B
Q3 24
$1.4B
Q2 24
$1.5B
Q1 24
$1.5B
Stockholders' Equity
FA
FA
NVST
NVST
Q4 25
$1.3B
$3.1B
Q3 25
$1.3B
$3.1B
Q2 25
$1.3B
$3.1B
Q1 25
$1.3B
$3.0B
Q4 24
$1.3B
$2.9B
Q3 24
$920.7M
$3.1B
Q2 24
$913.3M
$3.0B
Q1 24
$907.7M
$4.1B
Total Assets
FA
FA
NVST
NVST
Q4 25
$3.8B
$5.7B
Q3 25
$3.9B
$5.6B
Q2 25
$3.9B
$5.7B
Q1 25
$3.9B
$5.5B
Q4 24
$3.9B
$5.4B
Q3 24
$1.7B
$5.5B
Q2 24
$1.6B
$5.4B
Q1 24
$1.6B
$6.6B
Debt / Equity
FA
FA
NVST
NVST
Q4 25
1.61×
0.47×
Q3 25
1.64×
0.47×
Q2 25
1.65×
0.46×
Q1 25
1.69×
0.47×
Q4 24
1.66×
0.48×
Q3 24
0.46×
Q2 24
0.51×
Q1 24
0.36×

Cash Flow & Capital Efficiency

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

Metric
FA
FA
NVST
NVST
Operating Cash FlowLast quarter
$65.9M
$108.0M
Free Cash FlowOCF − Capex
$62.2M
$91.7M
FCF MarginFCF / Revenue
14.8%
12.2%
Capex IntensityCapex / Revenue
0.9%
2.2%
Cash ConversionOCF / Net Profit
19.01×
3.28×
TTM Free Cash FlowTrailing 4 quarters
$188.5M
$230.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FA
FA
NVST
NVST
Q4 25
$65.9M
$108.0M
Q3 25
$72.4M
$78.7M
Q2 25
$37.3M
$88.7M
Q1 25
$19.5M
$300.0K
Q4 24
$-85.7M
$132.4M
Q3 24
$43.5M
$70.7M
Q2 24
$32.0M
$93.1M
Q1 24
$38.3M
$40.3M
Free Cash Flow
FA
FA
NVST
NVST
Q4 25
$62.2M
$91.7M
Q3 25
$71.2M
$67.9M
Q2 25
$36.1M
$76.4M
Q1 25
$19.0M
$-5.6M
Q4 24
$-86.0M
$123.8M
Q3 24
$43.1M
$63.3M
Q2 24
$31.4M
$86.3M
Q1 24
$38.0M
$29.3M
FCF Margin
FA
FA
NVST
NVST
Q4 25
14.8%
12.2%
Q3 25
17.4%
10.1%
Q2 25
9.2%
11.2%
Q1 25
5.4%
-0.9%
Q4 24
-28.0%
19.0%
Q3 24
21.6%
10.5%
Q2 24
17.0%
13.6%
Q1 24
22.4%
4.7%
Capex Intensity
FA
FA
NVST
NVST
Q4 25
0.9%
2.2%
Q3 25
0.3%
1.6%
Q2 25
0.3%
1.8%
Q1 25
0.1%
1.0%
Q4 24
0.1%
1.3%
Q3 24
0.2%
1.2%
Q2 24
0.4%
1.1%
Q1 24
0.2%
1.8%
Cash Conversion
FA
FA
NVST
NVST
Q4 25
19.01×
3.28×
Q3 25
27.91×
Q2 25
121.25×
3.36×
Q1 25
0.02×
Q4 24
110.33×
Q3 24
8.62×
Q2 24
17.22×
Q1 24
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FA
FA

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

NVST
NVST

Other$375.8M50%
Specialty Productsand Technologies$188.4M25%
Equipmentand Consumables$186.4M25%

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