First Advantage vs Paycom
Paycom reported revenue of $2.1 billion in fiscal 2025, 1.3 times First Advantage's $1.6 billion in fiscal 2025. First Advantage's revenue grew 83.0% in its latest year, and Paycom's grew 8.9%. First Advantage had an operating margin of 8.4%, against 27.6% at Paycom. Free cash flow was $188 million at First Advantage and $408 million at Paycom.
Side by side
| First Advantage | Paycom | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.6B | $2.1B |
| Revenue growth | 83.0% | 8.9% |
| Revenue growth a year, last 5 years | 27.2% | 19.5% |
| Gross margin | — | 83.2% |
| Operating margin | 8.4% | 27.6% |
| Net margin | −2.2% | 22.1% |
| Free cash flow | $188M | $408M |
| Free cash flow margin | 12.0% | 19.9% |
| Return on capital | 3.2% | — |
| Net debt to EBITDA | 7.7x | — |
| Dividends and buybacks | $0M | $410M |
| Change in diluted share count | 16.6% | −0.3% |
| Last close | $23.53 | $237.32 |
| P/E at the last close | 94.1× | 22.8× |
| Insider trades, last 12 months | bought $106,740, sold $276.1 million | sold $1.6 million |
| Piotroski F-score | 5 of 8 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
First AdvantagePaycom
Operating margin
Percent of revenue
First AdvantagePaycom
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
First AdvantagePaycom
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the First Advantage and Paycom pages.