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

FIRST ADVANTAGE CORP is the larger business by last-quarter revenue ($420.0M vs $375.3M, roughly 1.1× ROYAL GOLD INC). ROYAL GOLD INC runs the higher net margin — 24.9% vs 0.8%, a 24.1% gap on every dollar of revenue. On growth, ROYAL GOLD INC posted the faster year-over-year revenue change (85.3% vs 36.8%). Over the past eight quarters, ROYAL GOLD INC's revenue compounded faster (58.8% CAGR vs 57.5%).

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.

Royal Gold Inc. is a leading precious metals streaming and royalty firm that acquires and manages a diversified portfolio of streaming interests, royalties, and equity interests tied to mining projects. Its assets cover gold, silver, and copper production across North America, South America, Africa, and Australia, operating with a low-risk model that avoids direct mining operations.

FA vs RGLD — Head-to-Head

Bigger by revenue
FA
FA
1.1× larger
FA
$420.0M
$375.3M
RGLD
Growing faster (revenue YoY)
RGLD
RGLD
+48.5% gap
RGLD
85.3%
36.8%
FA
Higher net margin
RGLD
RGLD
24.1% more per $
RGLD
24.9%
0.8%
FA
Faster 2-yr revenue CAGR
RGLD
RGLD
Annualised
RGLD
58.8%
57.5%
FA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FA
FA
RGLD
RGLD
Revenue
$420.0M
$375.3M
Net Profit
$3.5M
$93.6M
Gross Margin
64.6%
Operating Margin
10.7%
56.2%
Net Margin
0.8%
24.9%
Revenue YoY
36.8%
85.3%
Net Profit YoY
103.5%
-12.8%
EPS (diluted)
$0.03
$1.04

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
RGLD
RGLD
Q4 25
$420.0M
$375.3M
Q3 25
$409.2M
$252.1M
Q2 25
$390.6M
$209.6M
Q1 25
$354.6M
$193.4M
Q4 24
$307.1M
$202.6M
Q3 24
$199.1M
$193.8M
Q2 24
$184.5M
$174.1M
Q1 24
$169.4M
$148.9M
Net Profit
FA
FA
RGLD
RGLD
Q4 25
$3.5M
$93.6M
Q3 25
$2.6M
$126.8M
Q2 25
$308.0K
$132.3M
Q1 25
$-41.2M
$113.5M
Q4 24
$-100.4M
$107.4M
Q3 24
$-8.9M
$96.2M
Q2 24
$1.9M
$81.2M
Q1 24
$-2.9M
$47.2M
Gross Margin
FA
FA
RGLD
RGLD
Q4 25
64.6%
Q3 25
73.6%
Q2 25
72.6%
Q1 25
69.4%
Q4 24
70.3%
Q3 24
66.6%
Q2 24
64.7%
Q1 24
58.4%
Operating Margin
FA
FA
RGLD
RGLD
Q4 25
10.7%
56.2%
Q3 25
10.3%
64.4%
Q2 25
9.7%
67.7%
Q1 25
2.1%
63.6%
Q4 24
-26.3%
65.9%
Q3 24
4.6%
61.3%
Q2 24
5.4%
58.6%
Q1 24
-0.4%
50.7%
Net Margin
FA
FA
RGLD
RGLD
Q4 25
0.8%
24.9%
Q3 25
0.6%
50.3%
Q2 25
0.1%
63.1%
Q1 25
-11.6%
58.7%
Q4 24
-32.7%
53.0%
Q3 24
-4.4%
49.7%
Q2 24
1.0%
46.6%
Q1 24
-1.7%
31.7%
EPS (diluted)
FA
FA
RGLD
RGLD
Q4 25
$0.03
$1.04
Q3 25
$0.01
$1.92
Q2 25
$0.00
$2.01
Q1 25
$-0.24
$1.72
Q4 24
$-0.67
$1.63
Q3 24
$-0.06
$1.46
Q2 24
$0.01
$1.23
Q1 24
$-0.02
$0.72

Balance Sheet & Financial Strength

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

Metric
FA
FA
RGLD
RGLD
Cash + ST InvestmentsLiquidity on hand
$240.0M
$233.7M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$1.3B
$7.2B
Total Assets
$3.8B
$9.5B
Debt / EquityLower = less leverage
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FA
FA
RGLD
RGLD
Q4 25
$240.0M
$233.7M
Q3 25
$216.8M
$172.8M
Q2 25
$184.3M
$248.2M
Q1 25
$172.0M
$240.8M
Q4 24
$168.7M
$195.5M
Q3 24
$307.4M
$127.9M
Q2 24
$269.6M
$74.2M
Q1 24
$246.0M
$137.9M
Total Debt
FA
FA
RGLD
RGLD
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$0
Q2 24
$50.0M
Q1 24
Stockholders' Equity
FA
FA
RGLD
RGLD
Q4 25
$1.3B
$7.2B
Q3 25
$1.3B
$3.4B
Q2 25
$1.3B
$3.3B
Q1 25
$1.3B
$3.2B
Q4 24
$1.3B
$3.1B
Q3 24
$920.7M
$3.0B
Q2 24
$913.3M
$3.0B
Q1 24
$907.7M
$2.9B
Total Assets
FA
FA
RGLD
RGLD
Q4 25
$3.8B
$9.5B
Q3 25
$3.9B
$4.5B
Q2 25
$3.9B
$3.6B
Q1 25
$3.9B
$3.5B
Q4 24
$3.9B
$3.4B
Q3 24
$1.7B
$3.3B
Q2 24
$1.6B
$3.3B
Q1 24
$1.6B
$3.3B
Debt / Equity
FA
FA
RGLD
RGLD
Q4 25
1.61×
Q3 25
1.64×
Q2 25
1.65×
Q1 25
1.69×
Q4 24
1.66×
Q3 24
0.00×
Q2 24
0.02×
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
FA
FA
RGLD
RGLD
Operating Cash FlowLast quarter
$65.9M
$241.7M
Free Cash FlowOCF − Capex
$62.2M
FCF MarginFCF / Revenue
14.8%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
19.01×
2.58×
TTM Free Cash FlowTrailing 4 quarters
$188.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FA
FA
RGLD
RGLD
Q4 25
$65.9M
$241.7M
Q3 25
$72.4M
$174.0M
Q2 25
$37.3M
$152.8M
Q1 25
$19.5M
$136.4M
Q4 24
$-85.7M
$141.1M
Q3 24
$43.5M
$136.7M
Q2 24
$32.0M
$113.5M
Q1 24
$38.3M
$138.3M
Free Cash Flow
FA
FA
RGLD
RGLD
Q4 25
$62.2M
Q3 25
$71.2M
Q2 25
$36.1M
Q1 25
$19.0M
Q4 24
$-86.0M
Q3 24
$43.1M
Q2 24
$31.4M
Q1 24
$38.0M
FCF Margin
FA
FA
RGLD
RGLD
Q4 25
14.8%
Q3 25
17.4%
Q2 25
9.2%
Q1 25
5.4%
Q4 24
-28.0%
Q3 24
21.6%
Q2 24
17.0%
Q1 24
22.4%
Capex Intensity
FA
FA
RGLD
RGLD
Q4 25
0.9%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
0.2%
Q2 24
0.4%
Q1 24
0.2%
Cash Conversion
FA
FA
RGLD
RGLD
Q4 25
19.01×
2.58×
Q3 25
27.91×
1.37×
Q2 25
121.25×
1.15×
Q1 25
1.20×
Q4 24
1.31×
Q3 24
1.42×
Q2 24
17.22×
1.40×
Q1 24
2.93×

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%

RGLD
RGLD

Gold$216.9M58%
Pueblo Viejo$47.3M13%
Andacollo$32.6M9%
Silver$32.1M9%
Other$27.2M7%
Copper$13.7M4%
Cortez Legacy Zone$5.4M1%

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