Comparing the current results to its competitors, Sterling Check reported Revenue increase in the 2 quarter 2024 by 5.33 % year on year. The sales growth was above Sterling Check 's competitors' average revenue growth of 2.3 %, achieved in the same quarter.
Sterling Check Corp , slower than the average decrease reported by the company's competitors of -99.34 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -99.34 %
Sterling Check 's Comment on Competition and Industry Peers
The company provides proprietary technology and integrated identity verification solutions, partnering with ID.me in the U.S. and Yoti in the U.K. It serves over 50,000 clients globally and completed 103 million searches in 2023. Operating in a fragmented market, the company competes with both large and small firms, focusing on meeting enterprise client needs through sophisticated platforms, global capabilities, and compliance management. Its growth strategy includes Identity-as-a-Service offerings and strategic mergers and acquisitions, having completed 13 acquisitions in the past 12 years to expand market share and achieve synergies. Competitors identified include ID.me and Yoti.
With revenue growth of 5.33 % within Overall company, Sterling Check Corp achieved improvement in market share, within Overall company to approximately 46.24 %. << More on STER Market Share.
*Market share is calculated based on total revenue.
January 17, 2024
Fountain, a prominent platform for hiring and onboarding the frontline workforce, recently celebrated its five-year partnership with Sterling, a global provider of background screening and identity services. In an effort to enhance the screening process for its clients in the hospitality, retail, healthcare, and other sectors, Fountain has chosen Sterling as their preferred background screening partner.This strategic alliance between Fountain and Sterling represents a significant milestone in the ongoing efforts to streamline the recruitment process, particularly for industries relying heavily on frontline workers. By entrusting Sterling with their background screening needs, Fountain aims to establish a fou...
Cass Information Systems Inc operates as a leading provider of invoice payment and information services, primarily serving the transportation industry. The company's business model revolves around offering advanced technology solutions to streamline payment processes, generate insights, and drive cost savings for its clients. Through its network of vendor relationships, Cass employs a combination of automation and human expertise to facilitate secure and accurate payment transactions within the complex logistics landscape.
First Advantage Corporation operates as a global background check provider, offering screening solutions to businesses across various industries. The company leverages technology and data to deliver comprehensive screening services, including criminal records, employment verification, drug testing, and more. By streamlining the screening process, First Advantage helps companies make informed hiring decisions while ensuring compliance with regulatory requirements.
Hireright Holdings Corp operates as a global provider of employment background screening services. Their business model revolves around offering comprehensive background checks for job candidates, ensuring companies make informed hiring decisions and mitigate potential risks. With a range of products and solutions, they aim to efficiently deliver accurate and timely screening results to their clients, enhancing the overall hiring process.
Sources:
Sterling Check Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
For your research, we’ve provided 10 tables on Sterling Check Corp versus competitors, including market share analysis.
You can find them in the navigation menu under Competition.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
