First American Financial Corp - Understand $faf stock

$FAF Market Cap: $7.087 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$5.872B

TTM

Gross Margin

Net Earnings

$92.80M

TTM

Current Assets

Current Liabilities

$1.264B

Q3 2024

Current Ratio

Total Assets

$16.57B

Q3 2024

Total Liabilities

$11.46B

Q3 2024

Book Value

$5.111B

Q3 2024

Cash

$2.953B

Q3 2024

P/E

76.36

Nov 29, 2024 EST

Free Cash Flow

$313.2M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$6.004B	$7.605B	$9.221B	$7.086B	$6.202B	$5.748B	$5.772B	$5.576B	$5.175B	$4.678B	$4.956B	$4.542B	$3.821B	$3.907B	$4.087B	$4.400B	$6.076B
YoY Change	-21.06%	-17.53%	30.13%	14.25%	7.9%	-0.42%	3.52%	7.74%	10.64%	-5.61%	9.12%	18.88%	-2.2%	-4.41%	-7.13%	-27.58%	-9.12%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$6.004B	$7.605B	$9.221B	$7.086B	$6.202B	$5.748B	$5.772B	$5.576B	$5.175B	$4.678B	$4.956B	$4.542B	$3.821B	$3.907B	$4.087B	$4.400B	$6.076B
Cost Of Revenue												$397.7M	$420.1M	$320.9M
Gross Profit												$4.144B	$3.400B	$3.586B
Gross Profit Margin												91.24%	89.0%	91.79%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$1.989B	$2.433B	$2.468B	$2.064B	$1.926B	$1.749B	$1.899B	$1.757B	$1.595B	$1.411B	$1.446B	$1.335B	$1.187B	$1.214B	$1.217B	$1.388B	$1.823B
YoY Change	-18.24%	-1.42%	19.6%	7.14%	10.13%	-7.88%	8.08%	10.14%	13.05%	-2.41%	8.29%	12.51%	-2.3%	-0.18%	-12.36%	-23.83%	-71.13%
% of Gross Profit												32.21%	34.89%	33.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$188.5M	$167.0M	$158.0M	$149.0M	$129.0M	$125.9M	$128.1M	$99.00M	$85.60M	$85.60M	$74.90M	$75.00M	$76.90M	$80.60M	$84.20M	$95.20M	$94.80M
YoY Change	12.87%	5.7%	6.04%	15.5%	2.46%	-1.72%	29.39%	15.65%	0.0%	14.29%	-0.13%	-2.47%	-4.59%	-4.28%	-11.55%	0.42%
% of Gross Profit												1.81%	2.26%	2.25%
Operating Expenses	$5.597B	$7.186B	$7.507B	$6.051B	$5.249B	$5.097B	$5.291B	$5.066B	$4.714B	$4.308B	$4.630B	$4.065B	$1.600M	$3.680B	$3.823B	$4.456B	$6.242B
YoY Change	-22.12%	-4.28%	24.06%	15.27%	2.98%	-3.66%	4.44%	7.48%	9.41%	-6.95%	13.89%	253981.25%	-99.96%	-3.74%	-14.22%	-28.61%	-1.13%
Operating Profit												$78.80M	$3.399B	-$93.86M
YoY Change												-97.68%	-3721.1%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	-$132.5M	$93.00M	-$72.00M	$57.47M	$47.80M	$40.98M	$35.99M	$32.21M	-$29.10M	-$19.20M	-$15.30M	$9.066M	$12.07M	$14.88M	-$19.80M	-$27.20M	-$42.60M
YoY Change	-242.47%	-229.17%	-225.29%	20.22%	16.65%	13.87%	11.71%	-210.7%	51.56%	25.49%	-268.76%	-24.86%	-18.92%	-175.16%	-27.21%	-36.15%
% of Operating Profit												11.5%	0.35%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$274.4M	$326.0M	$1.642B	$923.3M	$905.0M	$609.5M	$445.3M	$477.6M	$432.8M	$301.8M	$286.2M	$467.4M	$130.3M	$212.1M	$204.3M	-$115.9M	-$208.8M
YoY Change	-15.83%	-80.15%	77.85%	2.02%	48.47%	36.87%	-6.75%	10.36%	43.39%	5.45%	-38.77%	258.73%	-38.57%	3.82%	-276.27%	-44.49%	-156.19%
Income Tax	$58.90M	$61.00M	$393.0M	$223.0M	$195.0M	$133.6M	$23.47M	$134.1M	$143.9M	$116.3M	$123.6M	$165.7M	$51.71M	$83.15M	$70.10M	-$43.40M	-$86.40M
% Of Pretax Income	21.47%	18.71%	23.93%	24.15%	21.55%	21.92%	5.27%	28.08%	33.25%	38.55%	43.19%	35.45%	39.69%	39.2%	34.31%
Net Earnings	$216.8M	$263.0M	$1.241B	$696.0M	$707.0M	$474.5M	$423.0M	$343.0M	$288.1M	$233.5M	$186.4M	$301.0M	$78.28M	$127.8M	$122.4M	-$84.00M	-$143.0M
YoY Change	-17.57%	-78.81%	78.3%	-1.56%	49.0%	12.16%	23.34%	19.06%	23.36%	25.31%	-38.09%	284.59%	-38.77%	4.44%	-245.71%	-41.26%	-175.34%
Net Earnings / Revenue	3.61%	3.46%	13.46%	9.82%	11.4%	8.26%	7.33%	6.15%	5.57%	4.99%	3.76%	6.63%	2.05%	3.27%	3.0%	-1.91%	-2.35%
Basic Earnings Per Share	$2.08	$2.46	$11.18	$6.18	$6.26	$4.21	$3.79	$3.10	$2.65	$2.18	$1.74	$2.83	$0.74	$1.22
Diluted Earnings Per Share	$2.07	$2.45	$11.14	$6.16	$6.22	$4.19	$3.76	$3.09	$2.62	$2.15	$1.71	$2.77	$0.73	$1.20	$1.177M	-$807.7K	-$1.375M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$3.605B	$1.224B	$1.228B	$1.275B	$1.486B	$1.467B	$1.387B	$1.006B	$1.027B	$1.190B	$835.0M	$627.0M	$418.0M	$729.0M	$631.0M	$724.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets												$14.00M	$12.00M	$22.00M	$27.00M	$48.00M
YoY Change												16.67%	-45.45%	-18.52%	-43.75%
Property, Plant & Equipment	$982.1M	$888.0M	$757.0M	$715.0M	$738.0M	$458.0M	$440.0M	$434.0M	$410.0M	$395.0M	$361.0M	$343.0M	$338.0M	$346.0M	$359.0M	$397.0M
YoY Change	10.6%	17.31%	5.87%	-3.12%	61.14%	4.09%	1.38%	5.85%	3.8%	9.42%	5.25%	1.48%	-2.31%	-3.62%	-9.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$8.585B	$9.410B	$11.16B	$7.963B	$6.877B	$6.302B	$5.378B	$5.141B	$4.790B	$4.034B	$3.459B	$3.221B	$2.782B	$2.826B	$2.402B	$2.339B
YoY Change	-8.76%	-15.69%	40.16%	15.79%	9.12%	17.18%	4.61%	7.33%	18.74%	16.62%	7.39%	15.78%	-1.56%	17.65%	2.69%
Other Assets	$50.10M	$54.00M	$14.00M	$14.00M	$18.00M	$17.00M	$23.00M	$20.00M	$22.00M	$20.00M	$27.00M	$0.00	$40.00M	$97.00M	$102.0M	$200.0M
YoY Change	-7.22%	285.71%	0.0%	-22.22%	5.88%	-26.09%	15.0%	-9.09%	10.0%	-25.93%		-100.0%	-58.76%	-4.9%	-49.0%
Total Long-Term Assets												$6.037B	$5.350B	$5.800B	$5.503B	$5.673B
YoY Change												12.84%	-7.76%	5.4%	-3.0%
Total Assets	$16.80B	$14.96B	$16.45B	$12.80B	$11.52B	$10.63B	$9.573B	$8.832B	$8.237B	$7.666B	$6.559B	$6.051B	$5.362B	$5.822B	$5.530B	$5.721B
YoY Change
Accounts Payable											$796.0M
YoY Change
Accrued Expenses	$503.2M	$568.0M	$650.0M	$610.0M	$541.0M	$200.0M	$194.0M	$194.0M	$181.0M	$185.0M		$176.0M	$137.0M	$138.0M	$126.0M	$108.0M
YoY Change	-11.41%	-12.62%	6.56%	12.75%	170.5%	3.09%	0.0%	7.18%	-2.16%			28.47%	-0.72%	9.52%	16.67%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$582.4M	$629.0M	$761.0M	$720.0M	$625.0M	$256.0M	$267.0M	$264.0M	$244.0M	$217.0M	$796.0M	$204.0M	$165.0M	$171.0M	$158.0M	$145.0M
YoY Change	-7.41%	-17.35%	5.69%	15.2%	144.14%	-4.12%	1.14%	8.2%	12.44%	-72.74%	290.2%	23.64%	-3.51%	8.23%	8.97%
Long-Term Debt	$1.947B	$2.012B	$2.186B	$1.527B	$1.007B	$808.0M	$733.0M	$737.0M	$581.0M	$587.0M	$310.0M	$230.0M	$300.0M	$294.0M	$119.0M	$154.0M
YoY Change	-3.22%	-7.96%	43.16%	51.64%	24.63%	10.23%	-0.54%	26.85%	-1.02%	89.35%	34.78%	-23.33%	2.04%	147.06%	-22.73%
Other Long-Term Liabilities	$756.4M	$762.0M	$1.023B	$881.0M	$796.0M	$775.0M	$771.0M	$770.0M	$847.0M	$846.0M	$192.0M	$840.0M	$755.0M	$772.0M	$839.0M	$823.0M
YoY Change	-0.73%	-25.51%	16.12%	10.68%	2.71%	0.52%	0.13%	-9.09%	0.12%	340.63%	-77.14%	11.26%	-2.2%	-7.99%	1.94%
Total Long-Term Liabilities	$2.704B	$2.774B	$3.209B	$2.408B	$1.803B	$1.583B	$1.504B	$1.507B	$1.428B	$1.433B	$502.0M	$1.070B	$1.055B	$1.066B	$958.0M	$977.0M
YoY Change	-2.54%	-13.56%	33.26%	33.56%	13.9%	5.25%	-0.2%	5.53%	-0.35%	185.46%	-53.08%	1.42%	-1.03%	11.27%	-1.94%
Total Liabilities	$11.95B	$10.29B	$10.68B	$7.886B	$7.099B	$6.889B	$6.093B	$5.824B	$5.487B	$5.093B	$4.106B	$3.703B	$3.334B	$3.842B	$3.510B	$3.829B
YoY Change	16.18%	-3.69%	35.48%	11.09%	3.05%	13.06%	4.62%	6.14%	7.74%	24.04%	10.88%	11.07%	-13.22%	9.46%	-8.33%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	104.3M	107.0M	111.0M	112.7M	113.1M	112.6M	111.7M	110.5M	108.4M	106.9M	107.0M	106.3M	105.2M	104.1M shares
Diluted Shares Outstanding	104.6M	107.3M	111.4M	113.0M	113.7M	113.3M	112.4M	111.2M	109.8M	108.7M	109.1M	108.5M	106.9M	106.2M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $7.0867 Billion

About First American Financial Corp

First American Financial Corp. engages in the provision of title insurance and settlement services to the real estate and mortgage industries. The company is headquartered in Santa Ana, California and currently employs 19,210 full-time employees. The company went IPO on 2010-05-22. Its segments include Title Insurance and Services, Home Warranty, and Corporate segment. The Title Insurance and Services segment issues title insurance policies on residential and commercial property in the United States and offers similar or related products and services internationally. This segment also provides closing and/or escrow services, accommodates tax-deferred exchanges of real estate, and maintains, manages and provides access to title plant data and records. The Home Warranty segment provides residential service contracts that cover residential systems, such as heating and air conditioning systems, and certain appliances against failures that occur as the result of normal usage during the coverage period. The Corporate segment includes investments in venture-stage companies.

Industry: Title Insurance Peers: HANOVER INSURANCE GROUP, INC. CNA FINANCIAL CORP Fidelity National Financial, Inc. WHITE MOUNTAINS INSURANCE GROUP LTD KEMPER Corp Kinsale Capital Group, Inc. OLD REPUBLIC INTERNATIONAL CORP RLI CORP PROGRESSIVE CORP/OH/ SELECTIVE INSURANCE GROUP INC