First American Financial CorpFirst American Financial Corp
First American Financial Corp

First American Financial Corp

FAF
Financials·Insurance

First American Financial Corp. engages in the provision of title insurance and settlement services to the real estate and mortgage industries. It also provides other financial services and risk solutions. It operates through the following segments: Title Insurance and Services, Specialty Insurance, and Corporate. The Title Insurance and Services segment offers title insurance, escrow, closing services and similar or related financial services domestically and internationally in connection with residential and commercial real estate transactions. The Specialty Insurance segment issues property and casualty insurance policies and sells home warranty products. The Corporate segment includes the investment and management of the company's venture investment portfolio. The company was founded in 1889 and is headquartered in Santa Ana, CA.

California; U.S.A
Market cap
No dataNo data
Revenue
$7.5B+21.6% YoY
Net income
$621.8M+374.3% YoY
Free cash flow
$762.5M+12.3% YoY

Market

Listed stock
FAFPriceNYSE
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Financial performance

Revenue
$7.5B+21.6% YoY
Operating income
$3.6B+32.4% YoY
Net income
$621.8M+374.3% YoY
Free cash flow
$762.5M+12.3% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $9.2B, 2022 $7.6B, 2023 $6B, 2024 $6.1B, 2025 $7.5B. Operating income: 2021 $4.7B, 2022 $3.3B, 2023 $2.7B, 2024 $2.7B, 2025 $3.6B. Net income: 2021 $1.2B, 2022 $263M, 2023 $216.8M, 2024 $131.1M, 2025 $621.8M. Free cash flow: 2021 $1.1B, 2022 $520M, 2023 $90.9M, 2024 $679.2M, 2025 $762.5M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
21.6%+1953 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $4.7B, 2022-12-31 $3.3B, 2023-12-31 $2.7B, 2024-12-31 $2.7B, 2025-12-31 $3.6B. Net income: 2021-12-31 $1.2B, 2022-12-31 $263M, 2023-12-31 $216.8M, 2024-12-31 $131.1M, 2025-12-31 $621.8M. Free cash flow: 2021-12-31 $1.1B, 2022-12-31 $520M, 2023-12-31 $90.9M, 2024-12-31 $679.2M, 2025-12-31 $762.5M

Growth heatmap

2022202320242025CAGR
Revenue
-17.5%
-21.1%
+2.1%
+21.6%
-5.2%
Gross profit
-17.5%
-21.1%
+2.1%
+21.6%
-5.2%
Operating income
-30.3%
-16.0%
-1.3%
+32.4%
-6.5%
Free cash flow
-50.9%
-82.5%
+647.2%
+12.3%
-7.9%

Earnings quality

Operating cash flow
$950.8M+5.9% YoY
Net income
$621.8M+374.3% YoY
Free cash flow
$762.5M+12.3% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 153%, 2024-12-31 685%, 2023-12-31 163%, 2022-12-31 297%, 2021-12-31 98%. Free cash flow: 2025-12-31 123%, 2024-12-31 518%, 2023-12-31 42%, 2022-12-31 198%, 2021-12-31 85%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
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Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
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EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
No data
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EV / EBITDA
No data
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Free cash flow yield
No data
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