vs
Side-by-side financial comparison of Circle Internet Group, Inc. (CRCL) and FirstCash Holdings, Inc. (FCFS). 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 $501.3M, roughly 1.5× FirstCash Holdings, Inc.). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 20.8%, a 8.2% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 21.2%).
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.
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.
CRCL vs FCFS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $739.8M | $501.3M |
| Net Profit | $214.4M | $104.2M |
| Gross Margin | — | — |
| Operating Margin | 11.0% | 28.5% |
| Net Margin | 29.0% | 20.8% |
| Revenue YoY | 5113.5% | 21.2% |
| Net Profit YoY | 202.0% | 24.7% |
| EPS (diluted) | $0.64 | $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 | — | $501.3M | ||
| Q3 25 | $739.8M | $411.0M | ||
| Q2 25 | $658.1M | $385.1M | ||
| Q1 25 | — | $371.1M | ||
| Q4 24 | — | $413.7M | ||
| Q3 24 | — | $363.1M | ||
| Q2 24 | $6.8M | $363.5M | ||
| Q1 24 | — | $366.8M |
| Q4 25 | — | $104.2M | ||
| Q3 25 | $214.4M | $82.8M | ||
| Q2 25 | $-482.1M | $59.8M | ||
| Q1 25 | — | $83.6M | ||
| Q4 24 | — | $83.5M | ||
| Q3 24 | — | $64.8M | ||
| Q2 24 | $32.9M | $49.1M | ||
| Q1 24 | — | $61.4M |
| Q4 25 | — | 28.5% | ||
| Q3 25 | 11.0% | 27.4% | ||
| Q2 25 | -49.5% | 21.1% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 18.2% | ||
| Q1 24 | — | 22.3% |
| Q4 25 | — | 20.8% | ||
| Q3 25 | 29.0% | 20.1% | ||
| Q2 25 | -73.3% | 15.5% | ||
| Q1 25 | — | 22.5% | ||
| Q4 24 | — | 20.2% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | 486.5% | 13.5% | ||
| Q1 24 | — | 16.7% |
| Q4 25 | — | $2.35 | ||
| Q3 25 | $0.64 | $1.86 | ||
| Q2 25 | $-4.48 | $1.34 | ||
| Q1 25 | — | $1.87 | ||
| Q4 24 | — | $1.86 | ||
| Q3 24 | — | $1.44 | ||
| Q2 24 | $0.00 | $1.08 | ||
| Q1 24 | — | $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 | $1.3B | $125.2M |
| Total DebtLower is stronger | — | $2.2B |
| Stockholders' EquityBook value | $3.0B | $2.3B |
| Total Assets | $76.8B | $5.3B |
| Debt / EquityLower = less leverage | — | 0.98× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $125.2M | ||
| Q3 25 | $1.3B | $130.2M | ||
| Q2 25 | $1.1B | $101.5M | ||
| Q1 25 | — | $146.0M | ||
| Q4 24 | — | $175.1M | ||
| Q3 24 | — | $106.3M | ||
| Q2 24 | $457.5M | $113.7M | ||
| Q1 24 | — | $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 | — | $2.3B | ||
| Q3 25 | $3.0B | $2.2B | ||
| Q2 25 | $2.4B | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | $460.9M | $2.0B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | — | $5.3B | ||
| Q3 25 | $76.8B | $5.2B | ||
| Q2 25 | $64.2B | $4.5B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $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 | $-10.7M | $206.6M |
| Free Cash FlowOCF − Capex | $-14.7M | — |
| FCF MarginFCF / Revenue | -2.0% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | -0.05× | 1.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $206.6M | ||
| Q3 25 | $-10.7M | $135.8M | ||
| Q2 25 | $303.7M | $116.9M | ||
| Q1 25 | — | $126.6M | ||
| Q4 24 | — | $198.1M | ||
| Q3 24 | — | $113.1M | ||
| Q2 24 | — | $106.2M | ||
| Q1 24 | — | $122.5M |
| Q4 25 | — | — | ||
| Q3 25 | $-14.7M | — | ||
| Q2 25 | $296.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -2.0% | — | ||
| Q2 25 | 45.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 1.98× | ||
| Q3 25 | -0.05× | 1.64× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 2.16× | ||
| Q1 24 | — | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRCL
Segment breakdown not available.
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
