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Side-by-side financial comparison of FIRST ADVANTAGE CORP (FA) and Spectrum Brands Holdings, Inc. (SPB). Click either name above to swap in a different company.

Spectrum Brands Holdings, Inc. is the larger business by last-quarter revenue ($677.0M vs $420.0M, roughly 1.6× FIRST ADVANTAGE CORP). Spectrum Brands Holdings, Inc. runs the higher net margin — 4.2% vs 0.8%, a 3.4% gap on every dollar of revenue. On growth, FIRST ADVANTAGE CORP posted the faster year-over-year revenue change (36.8% vs -3.3%). FIRST ADVANTAGE CORP produced more free cash flow last quarter ($62.2M vs $59.3M). Over the past eight quarters, FIRST ADVANTAGE CORP's revenue compounded faster (57.5% CAGR vs -2.9%).

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.

Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.

FA vs SPB — Head-to-Head

Bigger by revenue
SPB
SPB
1.6× larger
SPB
$677.0M
$420.0M
FA
Growing faster (revenue YoY)
FA
FA
+40.1% gap
FA
36.8%
-3.3%
SPB
Higher net margin
SPB
SPB
3.4% more per $
SPB
4.2%
0.8%
FA
More free cash flow
FA
FA
$2.9M more FCF
FA
$62.2M
$59.3M
SPB
Faster 2-yr revenue CAGR
FA
FA
Annualised
FA
57.5%
-2.9%
SPB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FA
FA
SPB
SPB
Revenue
$420.0M
$677.0M
Net Profit
$3.5M
$28.4M
Gross Margin
35.7%
Operating Margin
10.7%
4.0%
Net Margin
0.8%
4.2%
Revenue YoY
36.8%
-3.3%
Net Profit YoY
103.5%
20.9%
EPS (diluted)
$0.03
$1.21

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
SPB
SPB
Q4 25
$420.0M
$677.0M
Q3 25
$409.2M
$733.5M
Q2 25
$390.6M
$699.6M
Q1 25
$354.6M
$675.7M
Q4 24
$307.1M
$700.2M
Q3 24
$199.1M
$773.8M
Q2 24
$184.5M
$779.4M
Q1 24
$169.4M
$718.5M
Net Profit
FA
FA
SPB
SPB
Q4 25
$3.5M
$28.4M
Q3 25
$2.6M
$55.6M
Q2 25
$308.0K
$19.9M
Q1 25
$-41.2M
$900.0K
Q4 24
$-100.4M
$23.5M
Q3 24
$-8.9M
$28.5M
Q2 24
$1.9M
$6.1M
Q1 24
$-2.9M
$61.1M
Gross Margin
FA
FA
SPB
SPB
Q4 25
35.7%
Q3 25
35.0%
Q2 25
37.8%
Q1 25
37.5%
Q4 24
36.8%
Q3 24
37.2%
Q2 24
38.9%
Q1 24
38.1%
Operating Margin
FA
FA
SPB
SPB
Q4 25
10.7%
4.0%
Q3 25
10.3%
4.0%
Q2 25
9.7%
4.5%
Q1 25
2.1%
2.9%
Q4 24
-26.3%
6.4%
Q3 24
4.6%
2.8%
Q2 24
5.4%
6.1%
Q1 24
-0.4%
10.6%
Net Margin
FA
FA
SPB
SPB
Q4 25
0.8%
4.2%
Q3 25
0.6%
7.6%
Q2 25
0.1%
2.8%
Q1 25
-11.6%
0.1%
Q4 24
-32.7%
3.4%
Q3 24
-4.4%
3.7%
Q2 24
1.0%
0.8%
Q1 24
-1.7%
8.5%
EPS (diluted)
FA
FA
SPB
SPB
Q4 25
$0.03
$1.21
Q3 25
$0.01
$2.19
Q2 25
$0.00
$0.80
Q1 25
$-0.24
$0.03
Q4 24
$-0.67
$0.84
Q3 24
$-0.06
$1.03
Q2 24
$0.01
$0.21
Q1 24
$-0.02
$2.01

Balance Sheet & Financial Strength

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

Metric
FA
FA
SPB
SPB
Cash + ST InvestmentsLiquidity on hand
$240.0M
$126.6M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$1.3B
$1.9B
Total Assets
$3.8B
$3.4B
Debt / EquityLower = less leverage
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FA
FA
SPB
SPB
Q4 25
$240.0M
$126.6M
Q3 25
$216.8M
$123.6M
Q2 25
$184.3M
$122.0M
Q1 25
$172.0M
$96.0M
Q4 24
$168.7M
$179.9M
Q3 24
$307.4M
$368.9M
Q2 24
$269.6M
$306.8M
Q1 24
$246.0M
$1.2B
Total Debt
FA
FA
SPB
SPB
Q4 25
$2.1B
Q3 25
$2.1B
$496.1M
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$496.1M
Q2 24
Q1 24
Stockholders' Equity
FA
FA
SPB
SPB
Q4 25
$1.3B
$1.9B
Q3 25
$1.3B
$1.9B
Q2 25
$1.3B
$1.9B
Q1 25
$1.3B
$1.9B
Q4 24
$1.3B
$2.0B
Q3 24
$920.7M
$2.1B
Q2 24
$913.3M
$2.1B
Q1 24
$907.7M
$2.3B
Total Assets
FA
FA
SPB
SPB
Q4 25
$3.8B
$3.4B
Q3 25
$3.9B
$3.4B
Q2 25
$3.9B
$3.5B
Q1 25
$3.9B
$3.5B
Q4 24
$3.9B
$3.6B
Q3 24
$1.7B
$3.8B
Q2 24
$1.6B
$3.8B
Q1 24
$1.6B
$4.8B
Debt / Equity
FA
FA
SPB
SPB
Q4 25
1.61×
Q3 25
1.64×
0.26×
Q2 25
1.65×
Q1 25
1.69×
Q4 24
1.66×
Q3 24
0.23×
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
FA
FA
SPB
SPB
Operating Cash FlowLast quarter
$65.9M
$67.4M
Free Cash FlowOCF − Capex
$62.2M
$59.3M
FCF MarginFCF / Revenue
14.8%
8.8%
Capex IntensityCapex / Revenue
0.9%
1.2%
Cash ConversionOCF / Net Profit
19.01×
2.37×
TTM Free Cash FlowTrailing 4 quarters
$188.5M
$302.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FA
FA
SPB
SPB
Q4 25
$65.9M
$67.4M
Q3 25
$72.4M
$171.1M
Q2 25
$37.3M
$81.8M
Q1 25
$19.5M
$23.1M
Q4 24
$-85.7M
$-72.4M
Q3 24
$43.5M
$80.7M
Q2 24
$32.0M
$82.7M
Q1 24
$38.3M
$3.5M
Free Cash Flow
FA
FA
SPB
SPB
Q4 25
$62.2M
$59.3M
Q3 25
$71.2M
$157.9M
Q2 25
$36.1M
$71.8M
Q1 25
$19.0M
$13.9M
Q4 24
$-86.0M
$-78.3M
Q3 24
$43.1M
$67.7M
Q2 24
$31.4M
$72.6M
Q1 24
$38.0M
$-9.0M
FCF Margin
FA
FA
SPB
SPB
Q4 25
14.8%
8.8%
Q3 25
17.4%
21.5%
Q2 25
9.2%
10.3%
Q1 25
5.4%
2.1%
Q4 24
-28.0%
-11.2%
Q3 24
21.6%
8.7%
Q2 24
17.0%
9.3%
Q1 24
22.4%
-1.3%
Capex Intensity
FA
FA
SPB
SPB
Q4 25
0.9%
1.2%
Q3 25
0.3%
1.8%
Q2 25
0.3%
1.4%
Q1 25
0.1%
1.4%
Q4 24
0.1%
0.8%
Q3 24
0.2%
1.7%
Q2 24
0.4%
1.3%
Q1 24
0.2%
1.7%
Cash Conversion
FA
FA
SPB
SPB
Q4 25
19.01×
2.37×
Q3 25
27.91×
3.08×
Q2 25
121.25×
4.11×
Q1 25
25.67×
Q4 24
-3.08×
Q3 24
2.83×
Q2 24
17.22×
13.56×
Q1 24
0.06×

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%

SPB
SPB

HPC Segment$321.5M47%
Global Pet Supplies$168.7M25%
Home And Personal Care$109.8M16%
HG Segment$73.9M11%

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