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Side-by-side financial comparison of Circle Internet Group, Inc. (CRCL) and EZCORP INC (EZPW). Click either name above to swap in a different company.
Circle Internet Group, Inc. is the larger business by last-quarter revenue ($739.8M vs $382.0M, roughly 1.9× EZCORP INC). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 11.6%, a 17.4% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 19.3%). EZCORP INC produced more free cash flow last quarter ($31.7M vs $-14.7M).
Circle is a payments technology company. Funded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.
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.
CRCL vs EZPW — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $739.8M | $382.0M |
| Net Profit | $214.4M | $44.3M |
| Gross Margin | — | 58.4% |
| Operating Margin | 11.0% | 15.9% |
| Net Margin | 29.0% | 11.6% |
| Revenue YoY | 5113.5% | 19.3% |
| Net Profit YoY | 202.0% | 42.8% |
| EPS (diluted) | $0.64 | $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 | — | $382.0M | ||
| Q3 25 | $739.8M | $336.8M | ||
| Q2 25 | $658.1M | $311.0M | ||
| Q1 25 | — | $306.3M | ||
| Q4 24 | — | $320.2M | ||
| Q3 24 | — | $294.6M | ||
| Q2 24 | $6.8M | $281.4M | ||
| Q1 24 | — | $285.6M |
| Q4 25 | — | $44.3M | ||
| Q3 25 | $214.4M | $26.7M | ||
| Q2 25 | $-482.1M | $26.5M | ||
| Q1 25 | — | $25.4M | ||
| Q4 24 | — | $31.0M | ||
| Q3 24 | — | $15.2M | ||
| Q2 24 | $32.9M | $17.9M | ||
| Q1 24 | — | $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 | — | 15.9% | ||
| Q3 25 | 11.0% | 11.0% | ||
| Q2 25 | -49.5% | 11.6% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 8.8% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 9.6% |
| Q4 25 | — | 11.6% | ||
| Q3 25 | 29.0% | 7.9% | ||
| Q2 25 | -73.3% | 8.5% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 9.7% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | 486.5% | 6.4% | ||
| Q1 24 | — | 7.5% |
| Q4 25 | — | $0.55 | ||
| Q3 25 | $0.64 | $0.35 | ||
| Q2 25 | $-4.48 | $0.34 | ||
| Q1 25 | — | $0.33 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | $0.00 | $0.25 | ||
| Q1 24 | — | $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 | $1.3B | $465.9M |
| Total DebtLower is stronger | — | $518.6M |
| Stockholders' EquityBook value | $3.0B | $1.1B |
| Total Assets | $76.8B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $465.9M | ||
| Q3 25 | $1.3B | $469.5M | ||
| Q2 25 | $1.1B | $472.1M | ||
| Q1 25 | — | $505.2M | ||
| Q4 24 | — | $174.5M | ||
| Q3 24 | — | $170.5M | ||
| Q2 24 | $457.5M | $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 | — | $1.1B | ||
| Q3 25 | $3.0B | $1.0B | ||
| Q2 25 | $2.4B | $990.1M | ||
| Q1 25 | — | $851.6M | ||
| Q4 24 | — | $823.9M | ||
| Q3 24 | — | $804.6M | ||
| Q2 24 | $460.9M | $801.5M | ||
| Q1 24 | — | $800.4M |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $76.8B | $2.0B | ||
| Q2 25 | $64.2B | $1.9B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $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 | $-10.7M | $39.1M |
| Free Cash FlowOCF − Capex | $-14.7M | $31.7M |
| FCF MarginFCF / Revenue | -2.0% | 8.3% |
| Capex IntensityCapex / Revenue | 0.5% | 2.0% |
| Cash ConversionOCF / Net Profit | -0.05× | 0.88× |
| TTM Free Cash FlowTrailing 4 quarters | — | $121.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $39.1M | ||
| Q3 25 | $-10.7M | $51.3M | ||
| Q2 25 | $303.7M | $34.8M | ||
| Q1 25 | — | $36.9M | ||
| Q4 24 | — | $26.0M | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $33.7M | ||
| Q1 24 | — | $15.1M |
| Q4 25 | — | $31.7M | ||
| Q3 25 | $-14.7M | $35.7M | ||
| Q2 25 | $296.3M | $25.7M | ||
| Q1 25 | — | $28.6M | ||
| Q4 24 | — | $20.4M | ||
| Q3 24 | — | $24.4M | ||
| Q2 24 | — | $30.5M | ||
| Q1 24 | — | $8.6M |
| Q4 25 | — | 8.3% | ||
| Q3 25 | -2.0% | 10.6% | ||
| Q2 25 | 45.0% | 8.3% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 0.5% | 4.6% | ||
| Q2 25 | 1.1% | 2.9% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | — | 0.88× | ||
| Q3 25 | -0.05× | 1.92× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | — | 2.85× | ||
| Q2 24 | — | 1.88× | ||
| Q1 24 | — | 0.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRCL
Segment breakdown not available.
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
