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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and FirstCash Holdings, Inc. (FCFS). Click either name above to swap in a different company.
American Healthcare REIT, Inc. is the larger business by last-quarter revenue ($564.0M vs $501.3M, roughly 1.1× FirstCash Holdings, Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs 1.9%, a 18.9% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs 13.5%). Over the past eight quarters, FirstCash Holdings, Inc.'s revenue compounded faster (16.9% CAGR vs 11.7%).
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
FirstCash Holdings, Inc. is an American pawnshop company headquartered in Fort Worth, Texas which operates retail pawn stores in the U.S. and Latin America. It is a publicly traded company listed on the Nasdaq stock exchange.
AHR vs FCFS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $501.3M |
| Net Profit | $10.8M | $104.2M |
| Gross Margin | 14.8% | — |
| Operating Margin | 19.8% | 28.5% |
| Net Margin | 1.9% | 20.8% |
| Revenue YoY | 13.5% | 21.2% |
| Net Profit YoY | 133.9% | 24.7% |
| EPS (diluted) | $0.07 | $2.35 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $564.0M | $501.3M | ||
| Q3 25 | $532.1M | $411.0M | ||
| Q2 25 | $501.3M | $385.1M | ||
| Q1 25 | $497.2M | $371.1M | ||
| Q4 24 | $496.8M | $413.7M | ||
| Q3 24 | $476.8M | $363.1M | ||
| Q2 24 | $458.0M | $363.5M | ||
| Q1 24 | $452.1M | $366.8M |
| Q4 25 | $10.8M | $104.2M | ||
| Q3 25 | $55.9M | $82.8M | ||
| Q2 25 | $9.9M | $59.8M | ||
| Q1 25 | $-6.8M | $83.6M | ||
| Q4 24 | $-31.8M | $83.5M | ||
| Q3 24 | $-4.1M | $64.8M | ||
| Q2 24 | $2.0M | $49.1M | ||
| Q1 24 | $-3.9M | $61.4M |
| Q4 25 | 14.8% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 12.5% | — | ||
| Q2 24 | 12.1% | — | ||
| Q1 24 | 10.7% | — |
| Q4 25 | 19.8% | 28.5% | ||
| Q3 25 | 19.9% | 27.4% | ||
| Q2 25 | 20.6% | 21.1% | ||
| Q1 25 | 19.0% | 30.0% | ||
| Q4 24 | 20.0% | 26.5% | ||
| Q3 24 | 19.6% | 23.5% | ||
| Q2 24 | 19.4% | 18.2% | ||
| Q1 24 | 18.2% | 22.3% |
| Q4 25 | 1.9% | 20.8% | ||
| Q3 25 | 10.5% | 20.1% | ||
| Q2 25 | 2.0% | 15.5% | ||
| Q1 25 | -1.4% | 22.5% | ||
| Q4 24 | -6.4% | 20.2% | ||
| Q3 24 | -0.9% | 17.9% | ||
| Q2 24 | 0.4% | 13.5% | ||
| Q1 24 | -0.9% | 16.7% |
| Q4 25 | $0.07 | $2.35 | ||
| Q3 25 | $0.33 | $1.86 | ||
| Q2 25 | $0.06 | $1.34 | ||
| Q1 25 | $-0.04 | $1.87 | ||
| Q4 24 | $-0.23 | $1.86 | ||
| Q3 24 | $-0.03 | $1.44 | ||
| Q2 24 | $0.01 | $1.08 | ||
| Q1 24 | $-0.04 | $1.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $114.8M | $125.2M |
| Total DebtLower is stronger | — | $2.2B |
| Stockholders' EquityBook value | $3.3B | $2.3B |
| Total Assets | $5.4B | $5.3B |
| Debt / EquityLower = less leverage | — | 0.98× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.8M | $125.2M | ||
| Q3 25 | $147.4M | $130.2M | ||
| Q2 25 | $133.5M | $101.5M | ||
| Q1 25 | $86.1M | $146.0M | ||
| Q4 24 | $76.7M | $175.1M | ||
| Q3 24 | $67.8M | $106.3M | ||
| Q2 24 | $52.1M | $113.7M | ||
| Q1 24 | $77.0M | $135.1M |
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | $3.3B | $2.3B | ||
| Q3 25 | $2.7B | $2.2B | ||
| Q2 25 | $2.4B | $2.1B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.3B | $2.1B | ||
| Q3 24 | $2.2B | $2.0B | ||
| Q2 24 | $1.9B | $2.0B | ||
| Q1 24 | $2.0B | $2.0B |
| Q4 25 | $5.4B | $5.3B | ||
| Q3 25 | $4.8B | $5.2B | ||
| Q2 25 | $4.5B | $4.5B | ||
| Q1 25 | $4.5B | $4.4B | ||
| Q4 24 | $4.5B | $4.5B | ||
| Q3 24 | $4.7B | $4.4B | ||
| Q2 24 | $4.6B | $4.3B | ||
| Q1 24 | $4.7B | $4.2B |
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.75× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $55.2M | $206.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 5.12× | 1.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.2M | $206.6M | ||
| Q3 25 | $107.2M | $135.8M | ||
| Q2 25 | $71.5M | $116.9M | ||
| Q1 25 | $60.6M | $126.6M | ||
| Q4 24 | $59.5M | $198.1M | ||
| Q3 24 | $63.1M | $113.1M | ||
| Q2 24 | $59.4M | $106.2M | ||
| Q1 24 | $-6.0M | $122.5M |
| Q4 25 | 5.12× | 1.98× | ||
| Q3 25 | 1.92× | 1.64× | ||
| Q2 25 | 7.21× | 1.95× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | 30.02× | 2.16× | ||
| Q1 24 | — | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHR
| Integrated Senior Health Campuses | $467.0M | 83% |
| SHOP | $97.0M | 17% |
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
