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First Advantage vs Pegasystems: FA and PEGA compared
First Advantage is the larger company: $466M of revenue in its latest quarter (Q3 2026) against $393M for Pegasystems (Q3 2026). First Advantage is growing faster (+14% against +3% a year earlier). First Advantage is more profitable, with an operating margin of 12.9% against 3.8%.
Where the money goes: FA and PEGA
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.
Pegasystems (PEGA) · Q3 2026
Pegasystems, Q3 2026: revenue $393M (+3% year over year), operating margin 3.8%, net earnings $14.1M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
| First Advantage (FA) | Pegasystems (PEGA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $466M | $393M |
| Revenue growth, Y/Y | +14% | +3% |
| Gross margin | — | 73.6% |
| Operating margin | 12.9% | 3.8% |
| Net earnings | $20.5M | $14.1M |
| Net margin | 4.4% | 3.6% |
| Operating cash flow | $63.8M | $6.1M |
| Free cash flow | $60.2M | $1.6M |
| Market value | $4.1B | $5.5B |
| P/E | 95.9× | 20.2× |
| Analysts’ mean target | $26.00 | $41.00 |
Where the revenue comes from
First Advantage
- First Advantage Americas: $230M (49%)
- Sterling: $210M (45%)
- First Advantage International: $25.7M (6%)
Pegasystems
- Subscription: $347M (88%)
- Consulting: $46.2M (12%)
Questions
Which is bigger, First Advantage or Pegasystems?
First Advantage is the larger company: $466M of revenue in its latest quarter (Q3 2026) against $393M for Pegasystems (Q3 2026).
Is First Advantage or Pegasystems growing faster?
First Advantage is growing faster (+14% against +3% a year earlier).
Which is more profitable, First Advantage or Pegasystems?
First Advantage is more profitable, with an operating margin of 12.9% against 3.8%.
More: First Advantage earnings · how First Advantage makes money · Pegasystems earnings · how Pegasystems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 20, 2026). Fiscal quarters can end on different dates. Not investment advice.