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Side-by-side financial comparison of CULLEN/FROST BANKERS, INC. (CFR) and EZCORP INC (EZPW). Click either name above to swap in a different company.
CULLEN/FROST BANKERS, INC. is the larger business by last-quarter revenue ($580.9M vs $382.0M, roughly 1.5× EZCORP INC). CULLEN/FROST BANKERS, INC. runs the higher net margin — 28.6% vs 11.6%, a 17.0% gap on every dollar of revenue. On growth, EZCORP INC posted the faster year-over-year revenue change (19.3% vs 8.3%). CULLEN/FROST BANKERS, INC. produced more free cash flow last quarter ($127.3M vs $31.7M). Over the past eight quarters, EZCORP INC's revenue compounded faster (15.6% CAGR vs 7.6%).
Frost Bank is an American bank based in San Antonio that is chartered in Texas, with 200 branches and 1,750 automated teller machines in the state. It is the primary subsidiary of Cullen/Frost Bankers, Inc., a bank holding company. It is one of the 60 largest banks of the country by total assets.
EZCORP, Inc. is an American pawn shop operator based in Austin, Texas which provides services across the United States and Latin America. It is a publicly traded company listed on the NASDAQ stock exchange and is the second largest pawn shop operator in the U.S. after Cash America International.
CFR vs EZPW — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $580.9M | $382.0M |
| Net Profit | $166.3M | $44.3M |
| Gross Margin | — | 58.4% |
| Operating Margin | 34.1% | 15.9% |
| Net Margin | 28.6% | 11.6% |
| Revenue YoY | 8.3% | 19.3% |
| Net Profit YoY | 7.4% | 42.8% |
| EPS (diluted) | $2.56 | $0.55 |
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 | $580.9M | $382.0M | ||
| Q3 25 | $567.3M | $336.8M | ||
| Q2 25 | $546.9M | $311.0M | ||
| Q1 25 | $540.2M | $306.3M | ||
| Q4 24 | $536.3M | $320.2M | ||
| Q3 24 | $518.0M | $294.6M | ||
| Q2 24 | $507.9M | $281.4M | ||
| Q1 24 | $501.4M | $285.6M |
| Q4 25 | $166.3M | $44.3M | ||
| Q3 25 | $174.4M | $26.7M | ||
| Q2 25 | $157.0M | $26.5M | ||
| Q1 25 | $150.9M | $25.4M | ||
| Q4 24 | $154.9M | $31.0M | ||
| Q3 24 | $146.5M | $15.2M | ||
| Q2 24 | $145.5M | $17.9M | ||
| Q1 24 | $135.7M | $21.5M |
| Q4 25 | — | 58.4% | ||
| Q3 25 | — | 59.0% | ||
| Q2 25 | — | 59.1% | ||
| Q1 25 | — | 58.3% | ||
| Q4 24 | — | 57.9% | ||
| Q3 24 | — | 59.5% | ||
| Q2 24 | — | 59.2% | ||
| Q1 24 | — | 58.7% |
| Q4 25 | 34.1% | 15.9% | ||
| Q3 25 | 36.7% | 11.0% | ||
| Q2 25 | 34.1% | 11.6% | ||
| Q1 25 | 33.2% | 11.2% | ||
| Q4 24 | 34.3% | 13.1% | ||
| Q3 24 | 33.8% | 8.8% | ||
| Q2 24 | 34.5% | 7.9% | ||
| Q1 24 | 32.2% | 9.6% |
| Q4 25 | 28.6% | 11.6% | ||
| Q3 25 | 30.7% | 7.9% | ||
| Q2 25 | 28.7% | 8.5% | ||
| Q1 25 | 27.9% | 8.3% | ||
| Q4 24 | 28.9% | 9.7% | ||
| Q3 24 | 28.3% | 5.2% | ||
| Q2 24 | 28.6% | 6.4% | ||
| Q1 24 | 27.1% | 7.5% |
| Q4 25 | $2.56 | $0.55 | ||
| Q3 25 | $2.67 | $0.35 | ||
| Q2 25 | $2.39 | $0.34 | ||
| Q1 25 | $2.30 | $0.33 | ||
| Q4 24 | $2.36 | $0.40 | ||
| Q3 24 | $2.24 | $0.20 | ||
| Q2 24 | $2.21 | $0.25 | ||
| Q1 24 | $2.06 | $0.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $465.9M |
| Total DebtLower is stronger | — | $518.6M |
| Stockholders' EquityBook value | $4.6B | $1.1B |
| Total Assets | $53.0B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $465.9M | ||
| Q3 25 | — | $469.5M | ||
| Q2 25 | — | $472.1M | ||
| Q1 25 | — | $505.2M | ||
| Q4 24 | — | $174.5M | ||
| Q3 24 | — | $170.5M | ||
| Q2 24 | — | $218.0M | ||
| Q1 24 | — | $229.1M |
| Q4 25 | — | $518.6M | ||
| Q3 25 | — | $518.1M | ||
| Q2 25 | — | $517.6M | ||
| Q1 25 | — | $620.5M | ||
| Q4 24 | — | $327.7M | ||
| Q3 24 | — | $327.3M | ||
| Q2 24 | — | $361.3M | ||
| Q1 24 | — | $360.9M |
| Q4 25 | $4.6B | $1.1B | ||
| Q3 25 | $4.5B | $1.0B | ||
| Q2 25 | $4.2B | $990.1M | ||
| Q1 25 | $4.1B | $851.6M | ||
| Q4 24 | $3.9B | $823.9M | ||
| Q3 24 | $4.1B | $804.6M | ||
| Q2 24 | $3.7B | $801.5M | ||
| Q1 24 | $3.6B | $800.4M |
| Q4 25 | $53.0B | $2.0B | ||
| Q3 25 | $52.5B | $2.0B | ||
| Q2 25 | $51.4B | $1.9B | ||
| Q1 25 | $52.0B | $1.8B | ||
| Q4 24 | $52.5B | $1.5B | ||
| Q3 24 | $51.0B | $1.5B | ||
| Q2 24 | $48.8B | $1.5B | ||
| Q1 24 | $49.5B | $1.5B |
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.45× | ||
| Q1 24 | — | 0.45× |
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 | $274.0M | $39.1M |
| Free Cash FlowOCF − Capex | $127.3M | $31.7M |
| FCF MarginFCF / Revenue | 21.9% | 8.3% |
| Capex IntensityCapex / Revenue | 25.2% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.65× | 0.88× |
| TTM Free Cash FlowTrailing 4 quarters | $116.4M | $121.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $274.0M | $39.1M | ||
| Q3 25 | $248.6M | $51.3M | ||
| Q2 25 | $140.8M | $34.8M | ||
| Q1 25 | $-296.1M | $36.9M | ||
| Q4 24 | $989.5M | $26.0M | ||
| Q3 24 | $307.2M | $43.3M | ||
| Q2 24 | $129.6M | $33.7M | ||
| Q1 24 | $488.4M | $15.1M |
| Q4 25 | $127.3M | $31.7M | ||
| Q3 25 | $211.7M | $35.7M | ||
| Q2 25 | $114.5M | $25.7M | ||
| Q1 25 | $-337.1M | $28.6M | ||
| Q4 24 | $861.8M | $20.4M | ||
| Q3 24 | $281.9M | $24.4M | ||
| Q2 24 | $103.0M | $30.5M | ||
| Q1 24 | $450.3M | $8.6M |
| Q4 25 | 21.9% | 8.3% | ||
| Q3 25 | 37.3% | 10.6% | ||
| Q2 25 | 20.9% | 8.3% | ||
| Q1 25 | -62.4% | 9.3% | ||
| Q4 24 | 160.7% | 6.4% | ||
| Q3 24 | 54.4% | 8.3% | ||
| Q2 24 | 20.3% | 10.8% | ||
| Q1 24 | 89.8% | 3.0% |
| Q4 25 | 25.2% | 2.0% | ||
| Q3 25 | 6.5% | 4.6% | ||
| Q2 25 | 4.8% | 2.9% | ||
| Q1 25 | 7.6% | 2.7% | ||
| Q4 24 | 23.8% | 1.8% | ||
| Q3 24 | 4.9% | 6.4% | ||
| Q2 24 | 5.2% | 1.1% | ||
| Q1 24 | 7.6% | 2.3% |
| Q4 25 | 1.65× | 0.88× | ||
| Q3 25 | 1.43× | 1.92× | ||
| Q2 25 | 0.90× | 1.31× | ||
| Q1 25 | -1.96× | 1.45× | ||
| Q4 24 | 6.39× | 0.84× | ||
| Q3 24 | 2.10× | 2.85× | ||
| Q2 24 | 0.89× | 1.88× | ||
| Q1 24 | 3.60× | 0.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CFR
Segment breakdown not available.
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
