First American Financial Corporation (FAF) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 143.3M | 2.05B | 1.98B | 1.84B | 1.58B | 1.68B | 1.41B | 1.61B | 1.42B | 1.42B | 1.48B | 1.65B | 1.45B | 1.67B | 1.82B | 2.06B | 2.03B | 2.37B | 2.56B | 2.27B |
| Revenue Growth % | -90.94% | 22.17% | 40.74% | 14.2% | 11.07% | 17.82% | -5.07% | -2.1% | -1.49% | -14.94% | -18.81% | -20.15% | -28.89% | -29.25% | -28.63% | -8.98% | 0.38% | 10.27% | 33.56% | 40.86% |
| Medical Costs & Claims | 77.8M | 83.8M | 730.9M | 655.4M | 595.6M | 637.1M | 638.5M | 571.7M | 517.3M | 528.8M | 622.5M | 585.9M | 551.3M | 705M | 856.3M | 874.7M | 880.2M | 946.43M | 950M | 869M |
| Medical Cost Ratio % | 54.29% | 4.09% | 36.93% | 35.59% | 37.64% | 37.97% | 45.41% | 35.46% | 36.31% | 37.14% | 42.03% | 35.58% | 38.12% | 42.11% | 46.94% | 42.41% | 43.28% | 40% | 37.17% | 38.35% |
| Gross Profit | 65.5M | 1.97B | 1.25B | 1.19B | 986.7M | 1.04B | 767.6M | 1.04B | 907.3M | 895.1M | 858.7M | 1.06B | 894.8M | 969M | 968M | 1.19B | 1.15B | 1.42B | 1.61B | 1.4B |
| Gross Margin % | 45.71% | 95.91% | 63.07% | 64.41% | 62.36% | 62.03% | 54.59% | 64.54% | 63.69% | 62.86% | 57.97% | 64.42% | 61.88% | 57.89% | 53.06% | 57.59% | 56.72% | 60% | 62.83% | 61.65% |
| Gross Profit Growth % | -93.36% | 88.92% | 62.58% | 13.96% | 8.75% | 16.26% | -10.61% | -1.92% | 1.4% | -7.63% | -11.29% | -10.68% | -22.43% | -31.74% | -39.73% | -14.97% | -5.06% | 7.85% | 35.74% | 40.03% |
| Operating Expenses | -96.3M | 1.68B | 1B | 990.7M | 890.1M | 940.7M | 912M | 889M | 814.7M | 856.7M | 860.4M | 882.9M | 835.2M | 911M | 971.2M | 1.05B | 1.02B | 1.09B | 1B | 998M |
| OpEx / Revenue % | -67.2% | 81.89% | 50.58% | 53.8% | 56.25% | 56.07% | 64.86% | 55.14% | 57.19% | 60.17% | 58.09% | 53.61% | 57.76% | 54.42% | 53.24% | 50.73% | 50.34% | 45.91% | 39.2% | 44.04% |
| Depreciation & Amortization | 54.6M | 55.9M | 54.8M | 53M | 52.5M | 52M | 53.2M | 52.1M | 50.1M | 49.6M | 47.3M | 46.1M | 45.5M | 43M | 41.4M | 41.6M | 41M | 39.52M | 39M | 41M |
| Combined Ratio % | -12.91% | 85.98% | 87.52% | 89.4% | 93.89% | 94.05% | 110.27% | 90.6% | 93.5% | 97.3% | 100.11% | 89.19% | 95.88% | 96.54% | 100.18% | 93.14% | 93.62% | 85.91% | 76.37% | 82.39% |
| Operating Income | 161.8M | 287.4M | 247M | 195.2M | 96.6M | 99.9M | -144.4M | 151.6M | 92.6M | 38.4M | -1.7M | 178.1M | 59.6M | 58M | -3.2M | 141.4M | 129.8M | 333.39M | 604M | 399M |
| Operating Margin % | 112.91% | 14.02% | 12.48% | 10.6% | 6.11% | 5.95% | -10.27% | 9.4% | 6.5% | 2.7% | -0.11% | 10.81% | 4.12% | 3.46% | -0.18% | 6.86% | 6.38% | 14.09% | 23.63% | 17.61% |
| Operating Income Growth % | 67.49% | 187.69% | 271.05% | 28.76% | 4.32% | 160.16% | -8394.12% | -14.88% | 55.37% | -33.79% | 46.88% | 25.95% | -54.08% | -82.6% | -100.53% | -64.56% | -57.58% | -12.79% | 148.18% | 77.1% |
| EBITDA | 216.4M | 343.3M | 301.8M | 248.2M | 149.1M | 151.9M | -91.2M | 203.7M | 142.7M | 88M | 45.6M | 224.2M | 105.1M | 101M | 38.2M | 183M | 170.8M | 372.91M | 643M | 440M |
| EBITDA Margin % | 151.01% | 16.75% | 15.25% | 13.48% | 9.42% | 9.05% | -6.49% | 12.63% | 10.02% | 6.18% | 3.08% | 13.61% | 7.27% | 6.03% | 2.09% | 8.87% | 8.4% | 15.76% | 25.16% | 19.42% |
| Interest Expense | 41.9M | 43.9M | 39.9M | 38M | 35.2M | 43.7M | 36.2M | 35.4M | 34.3M | 33.3M | 35.8M | 34.3M | 29.1M | 30M | 24M | 19.7M | 19.7M | 20.05M | 19M | 16M |
| Non-Operating Income | -41.9M | -43.9M | -39.9M | -38M | -35.2M | -43.7M | -36.2M | -35.4M | 0 | -33.3M | -35.8M | -34.3M | -29.1M | -30M | -24M | -19.7M | -19.7M | -20.05M | -19M | -16M |
| Pretax Income | 161.8M | 287.4M | 247M | 195.2M | 96.6M | 99.9M | -144.4M | 151.6M | 58.3M | 38.4M | -1.7M | 178.1M | 59.6M | 58M | -3.2M | 141.4M | 129.8M | 333.39M | 604M | 399M |
| Pretax Margin % | 112.91% | 14.02% | 12.48% | 10.6% | 6.11% | 5.95% | -10.27% | 9.4% | 4.09% | 2.7% | -0.11% | 10.81% | 4.12% | 3.46% | -0.18% | 6.86% | 6.38% | 14.09% | 23.63% | 17.61% |
| Income Tax | 37M | 74M | 57.1M | 48.1M | 21.8M | 27M | -41M | 35.2M | 11.6M | 4.1M | -500K | 41.7M | 13.6M | 4M | -5.6M | 31.2M | 31.7M | 72.72M | 154M | 95M |
| Effective Tax Rate % | 22.87% | 25.75% | 23.12% | 24.64% | 22.57% | 27.03% | 28.39% | 23.22% | 19.9% | 10.68% | 29.41% | 23.41% | 22.82% | 6.9% | 175% | 22.07% | 24.42% | 21.81% | 25.5% | 23.81% |
| Net Income | 125.1M | 211.9M | 189.6M | 146.1M | 74.2M | 72.4M | -104M | 116M | 46.7M | 34.1M | -1.7M | 138.5M | 45.9M | 54M | 2M | 108.8M | 97.9M | 259.83M | 445M | 302M |
| Net Margin % | 87.3% | 10.34% | 9.58% | 7.93% | 4.69% | 4.32% | -7.4% | 7.19% | 3.28% | 2.39% | -0.11% | 8.41% | 3.17% | 3.23% | 0.11% | 5.28% | 4.81% | 10.98% | 17.41% | 13.33% |
| Net Income Growth % | 68.6% | 192.68% | 282.31% | 25.95% | 58.89% | 112.32% | -6017.65% | -16.25% | 1.74% | -36.85% | -185% | 27.3% | -53.12% | -79.22% | -99.55% | -63.97% | -58.16% | -7.3% | 144.13% | 76.97% |
| EPS (Diluted) | 1.21 | 2.05 | 1.83 | 1.41 | 0.71 | 0.69 | -1.00 | 1.11 | 0.45 | 0.33 | -0.02 | 1.33 | 0.44 | 0.51 | 0.03 | 1.01 | 0.88 | 2.33 | 4.00 | 2.72 |
| EPS Growth % | 70.42% | 197.1% | 283% | 27.03% | 57.78% | 109.09% | -6034.97% | -16.54% | 2.27% | -35.29% | -157.39% | 31.68% | -50% | -78.11% | -99.29% | -62.87% | -58.1% | -6.43% | 146.91% | 78.95% |
| EPS (Basic) | 1.21 | 2.06 | 1.84 | 1.41 | 0.71 | 0.70 | -1.00 | 1.11 | 0.45 | 0.33 | -0.02 | 1.33 | 0.44 | 0.52 | 0.03 | 1.01 | 0.89 | 2.35 | 4.01 | 2.73 |
| Diluted Shares Outstanding | 103.3M | 103.2M | 103.8M | 104M | 104.2M | 104.2M | 103.6M | 104.3M | 104.4M | 104.4M | 104.2M | 104.5M | 104.8M | 104.9M | 105.5M | 108.1M | 110.8M | 111.4M | 111.4M | 111.2M |