First American Financial Corp FAF

Financials SIC 6361 - Title Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers derived NYSE

First American Financial Corporation traces its heritage back to 1889. On June 1, 2010, its common stock was listed on the New York Stock Exchange under the ticker symbol "FAF." First American's executive offices are located at 1 First American Way, Santa Ana, California 92707-5913 and its telephone number is (714) 250-3000.

Unless otherwise indicated or otherwise required by the context, the terms "we," "our," "it," "its," "Company" and "First American" refer to First American Financial Corporation and its subsidiaries.

The Company, through its subsidiaries, is engaged in the business of providing title insurance, settlement services and other financial services and risk solutions through its title insurance and services segment and its home warranty segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions. The segment also provides products, services and solutions that are designed to mitigate risk in, or otherwise facilitate, real estate transactions. Many of these products, services and solutions involve the use of real property-related data, including data derived from the Company's proprietary databases. In addition, the segment provides banking, trust, warehouse lending, mortgage subservicing and wealth management services. The home warranty segment sells home warranty products. Our corporate segment consists of certain financing facilities, our venture investment portfolio, operating results related to our property and casualty insurance business, which no longer sells policies or has policies in force, and certain corporate services that support our business operations. The substantial majority of our business is dependent upon activity in the real estate and mortgage markets.

Last close 64.72 2026-10-23
Market cap $6.61B 2026-06-30 share count
52-week range 56.20 - 79.87

Valuation FY2025 figures against the last close

P/S0.9x
P/E10.8x
P/FCF8.7x
EV/EBITDA—
Dividend yield3.4%
Diluted EPS6.00

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $7.45B$6.13B$6.00B$7.61B$9.22B$7.09B$6.20B$5.75B$5.77B$5.58B
Total operating expenses $6.63B$5.96B$5.73B$7.28B$7.58B$6.16B$5.30B$5.14B$5.33B$5.10B
Interest expense $157.0M$149.6M$132.5M$93.0M$72.4M$57.0M$48.0M$41.0M$36.0M$32.2M
Pre-tax income $826.2M$165.4M$274.4M$325.7M$1.64B$923.0M$905.0M$609.5M$445.3M$477.6M
Income tax $201.0M$32.8M$58.9M$60.4M$392.2M$223.0M$195.0M$133.6M$23.5M$134.1M
Net income $621.8M$131.1M$216.8M$263.0M$1.24B$696.0M$707.0M$474.5M$423.0M$343.0M
EPS, basic 6.021.262.082.4611.186.186.264.213.793.10
EPS, diluted 6.001.262.072.4511.146.166.224.193.763.09
Shares, diluted (wtd. avg.) 103.7M104.3M104.6M107.3M111.4M113.0M113.7M113.3M112.4M111.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.39B$1.72B$3.61B$1.22B$1.23B$1.28B$1.49B$1.47B$1.39B$1.01B
Property, plant and equipment $682.3M$745.1M$749.6M$636.9M$506.0M$445.0M$442.0M$457.8M$439.6M$434.1M
Goodwill $1.82B$1.80B$1.81B$1.80B$1.59B$1.38B$1.15B$1.14B$1.11B$1.02B
Other intangibles $100.0M$125.2M$153.8M$193.8M$218.0M$194.0M$91.8M$109.4M$99.9M$78.9M
Total assets $16.23B$14.91B$16.80B$14.96B$16.45B$12.80B$11.52B$10.63B$9.57B$8.83B
Total liabilities $10.70B$9.98B$11.94B$10.27B$10.67B$7.87B$7.09B$6.89B$6.09B$5.82B
Retained earnings $4.01B$3.62B$3.71B$3.71B$3.68B$2.65B$2.16B$1.64B$1.31B$1.05B
Total equity $5.50B$4.91B$4.86B$4.68B$5.78B$4.91B$4.42B$3.75B$3.48B$3.01B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $950.8M$897.5M$354.3M$777.6M$1.22B$1.08B$913.0M$793.2M$632.1M$489.4M
Stock-based compensation $68.4M$52.0M$49.1M$67.3M$53.6M$52.0M$42.0M$41.1M$37.4M$34.1M
Capital expenditure $188.3M$218.3M$263.4M$259.8M$160.5M$114.0M$107.0M$118.2M$134.2M$132.3M
Investing cash flow -$1.46B-$458.7M$599.5M-$393.0M-$3.39B-$1.42B-$452.0M-$1.22B-$387.2M-$610.1M
Financing cash flow $161.2M-$2.31B$1.42B-$376.4M$2.13B$113.0M-$445.0M$514.7M$128.0M$106.8M
Dividends paid $223.0M$220.7M$216.6M$217.5M$213.0M$199.0M$188.0M$178.5M$159.3M$131.5M
Buybacks $122.3M$68.5M$72.7M$440.7M$99.2M$139.0M$2.0M$18.8M$0$454.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-055516.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2.5B 5B 7.5B 10B Revenue, FY2016: 5.6B Net income, FY2016: 343M Revenue, FY2017: 5.8B Net income, FY2017: 423M Revenue, FY2018: 5.7B Net income, FY2018: 474.5M Revenue, FY2019: 6.2B Net income, FY2019: 707M Revenue, FY2020: 7.1B Net income, FY2020: 696M Revenue, FY2021: 9.2B Net income, FY2021: 1.2B Revenue, FY2022: 7.6B Net income, FY2022: 263M Revenue, FY2023: 6B Net income, FY2023: 216.8M Revenue, FY2024: 6.1B Net income, FY2024: 131.1M Revenue, FY2025: 7.5B Net income, FY2025: 621.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $5.58B $5.77B $5.75B $6.20B $7.09B $9.22B $7.61B $6.00B $6.13B $7.45B
Gross profit — — — — — — — — — —
Net income $343.0M $423.0M $474.5M $707.0M $696.0M $1.24B $263.0M $216.8M $131.1M $621.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6361

TickerCompanyMarket capP/ERevenue growth
FNF Fidelity National Financial, Inc. $10.85B 18.3x 9.1%
STC STEWART INFORMATION SERVICES CORP $1.35B 10.9x 17.3%
ITIC INVESTORS TITLE CO $531.9M 15.2x 16.4%