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Clarivate vs First Advantage: CLVT and FA compared
Clarivate is the larger company: $482M of revenue in its latest quarter (Q3 2026) against $466M for First Advantage (Q3 2026). First Advantage is growing faster (+14% against -9% a year earlier). First Advantage is more profitable, with an operating margin of 12.9% against 8.3%.
Where the money goes: CLVT and FA
Clarivate (CLVT) · Q3 2026
Clarivate, Q3 2026: revenue $482M (-9% year over year), operating margin 8.3%, net loss $80.8M, operating cash flow $166M. The chart follows the revenue to costs, profit and cash.
First Advantage (FA) · Q3 2026
First Advantage, Q3 2026: revenue $466M (+14% year over year), operating margin 12.9%, net earnings $20.5M, operating cash flow $63.8M. The chart follows the revenue to costs, profit and cash.
| Clarivate (CLVT) | First Advantage (FA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $482M | $466M |
| Revenue growth, Y/Y | -9% | +14% |
| Operating margin | 8.3% | 12.9% |
| Net earnings | −$80.8M | $20.5M |
| Net margin | -16.8% | 4.4% |
| Operating cash flow | $166M | $63.8M |
| Free cash flow | $110M | $60.2M |
| Market value | $1.5B | $4.1B |
| P/E | — | 95.9× |
| Analysts’ mean target | $3.00 | $26.00 |
Where the revenue comes from
Clarivate
- Recurring Revenues: $444M (92%)
- Transactional and other revenues: $37.5M (8%)
First Advantage
- First Advantage Americas: $230M (49%)
- Sterling: $210M (45%)
- First Advantage International: $25.7M (6%)
Questions
Which is bigger, Clarivate or First Advantage?
Clarivate is the larger company: $482M of revenue in its latest quarter (Q3 2026) against $466M for First Advantage (Q3 2026).
Is Clarivate or First Advantage growing faster?
First Advantage is growing faster (+14% against -9% a year earlier).
Which is more profitable, Clarivate or First Advantage?
First Advantage is more profitable, with an operating margin of 12.9% against 8.3%.
More: Clarivate earnings · how Clarivate makes money · First Advantage earnings · how First Advantage makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.