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Side-by-side financial comparison of EZCORP INC (EZPW) and SPS COMMERCE INC (SPSC). Click either name above to swap in a different company.
EZCORP INC is the larger business by last-quarter revenue ($382.0M vs $192.7M, roughly 2.0× SPS COMMERCE INC). SPS COMMERCE INC runs the higher net margin — 13.4% vs 11.6%, a 1.8% gap on every dollar of revenue. On growth, EZCORP INC posted the faster year-over-year revenue change (19.3% vs 12.7%). SPS COMMERCE INC produced more free cash flow last quarter ($38.2M vs $31.7M). Over the past eight quarters, EZCORP INC's revenue compounded faster (15.6% CAGR vs 13.5%).
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.
SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.
EZPW vs SPSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.0M | $192.7M |
| Net Profit | $44.3M | $25.8M |
| Gross Margin | 58.4% | 70.4% |
| Operating Margin | 15.9% | 18.0% |
| Net Margin | 11.6% | 13.4% |
| Revenue YoY | 19.3% | 12.7% |
| Net Profit YoY | 42.8% | 47.2% |
| EPS (diluted) | $0.55 | $0.69 |
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 | $192.7M | ||
| Q3 25 | $336.8M | $189.9M | ||
| Q2 25 | $311.0M | $187.4M | ||
| Q1 25 | $306.3M | $181.5M | ||
| Q4 24 | $320.2M | $170.9M | ||
| Q3 24 | $294.6M | $163.7M | ||
| Q2 24 | $281.4M | $153.6M | ||
| Q1 24 | $285.6M | $149.6M |
| Q4 25 | $44.3M | $25.8M | ||
| Q3 25 | $26.7M | $25.6M | ||
| Q2 25 | $26.5M | $19.7M | ||
| Q1 25 | $25.4M | $22.2M | ||
| Q4 24 | $31.0M | $17.6M | ||
| Q3 24 | $15.2M | $23.5M | ||
| Q2 24 | $17.9M | $18.0M | ||
| Q1 24 | $21.5M | $18.0M |
| Q4 25 | 58.4% | 70.4% | ||
| Q3 25 | 59.0% | 69.5% | ||
| Q2 25 | 59.1% | 68.1% | ||
| Q1 25 | 58.3% | 68.7% | ||
| Q4 24 | 57.9% | 67.5% | ||
| Q3 24 | 59.5% | 68.5% | ||
| Q2 24 | 59.2% | 66.1% | ||
| Q1 24 | 58.7% | 65.6% |
| Q4 25 | 15.9% | 18.0% | ||
| Q3 25 | 11.0% | 16.4% | ||
| Q2 25 | 11.6% | 14.1% | ||
| Q1 25 | 11.2% | 14.3% | ||
| Q4 24 | 13.1% | 14.5% | ||
| Q3 24 | 8.8% | 15.6% | ||
| Q2 24 | 7.9% | 15.1% | ||
| Q1 24 | 9.6% | 10.3% |
| Q4 25 | 11.6% | 13.4% | ||
| Q3 25 | 7.9% | 13.5% | ||
| Q2 25 | 8.5% | 10.5% | ||
| Q1 25 | 8.3% | 12.2% | ||
| Q4 24 | 9.7% | 10.3% | ||
| Q3 24 | 5.2% | 14.3% | ||
| Q2 24 | 6.4% | 11.7% | ||
| Q1 24 | 7.5% | 12.0% |
| Q4 25 | $0.55 | $0.69 | ||
| Q3 25 | $0.35 | $0.67 | ||
| Q2 25 | $0.34 | $0.52 | ||
| Q1 25 | $0.33 | $0.58 | ||
| Q4 24 | $0.40 | $0.46 | ||
| Q3 24 | $0.20 | $0.62 | ||
| Q2 24 | $0.25 | $0.48 | ||
| Q1 24 | $0.29 | $0.48 |
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 | $151.4M |
| Total DebtLower is stronger | $518.6M | — |
| Stockholders' EquityBook value | $1.1B | $973.9M |
| Total Assets | $2.0B | $1.2B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $465.9M | $151.4M | ||
| Q3 25 | $469.5M | $133.7M | ||
| Q2 25 | $472.1M | $107.6M | ||
| Q1 25 | $505.2M | $94.9M | ||
| Q4 24 | $174.5M | $241.0M | ||
| Q3 24 | $170.5M | $205.8M | ||
| Q2 24 | $218.0M | $271.8M | ||
| Q1 24 | $229.1M | $290.8M |
| 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 | $973.9M | ||
| Q3 25 | $1.0B | $958.9M | ||
| Q2 25 | $990.1M | $949.8M | ||
| Q1 25 | $851.6M | $920.9M | ||
| Q4 24 | $823.9M | $854.7M | ||
| Q3 24 | $804.6M | $829.4M | ||
| Q2 24 | $801.5M | $703.4M | ||
| Q1 24 | $800.4M | $683.0M |
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.5B | $854.5M | ||
| Q1 24 | $1.5B | $839.8M |
| 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 | $39.1M | $45.9M |
| Free Cash FlowOCF − Capex | $31.7M | $38.2M |
| FCF MarginFCF / Revenue | 8.3% | 19.8% |
| Capex IntensityCapex / Revenue | 2.0% | 4.0% |
| Cash ConversionOCF / Net Profit | 0.88× | 1.78× |
| TTM Free Cash FlowTrailing 4 quarters | $121.7M | $152.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.1M | $45.9M | ||
| Q3 25 | $51.3M | $60.6M | ||
| Q2 25 | $34.8M | $32.3M | ||
| Q1 25 | $36.9M | $40.0M | ||
| Q4 24 | $26.0M | $40.6M | ||
| Q3 24 | $43.3M | $53.3M | ||
| Q2 24 | $33.7M | $29.4M | ||
| Q1 24 | $15.1M | $34.1M |
| Q4 25 | $31.7M | $38.2M | ||
| Q3 25 | $35.7M | $54.6M | ||
| Q2 25 | $25.7M | $25.7M | ||
| Q1 25 | $28.6M | $33.8M | ||
| Q4 24 | $20.4M | $34.3M | ||
| Q3 24 | $24.4M | $48.1M | ||
| Q2 24 | $30.5M | $24.4M | ||
| Q1 24 | $8.6M | $30.5M |
| Q4 25 | 8.3% | 19.8% | ||
| Q3 25 | 10.6% | 28.7% | ||
| Q2 25 | 8.3% | 13.7% | ||
| Q1 25 | 9.3% | 18.6% | ||
| Q4 24 | 6.4% | 20.1% | ||
| Q3 24 | 8.3% | 29.4% | ||
| Q2 24 | 10.8% | 15.9% | ||
| Q1 24 | 3.0% | 20.4% |
| Q4 25 | 2.0% | 4.0% | ||
| Q3 25 | 4.6% | 3.2% | ||
| Q2 25 | 2.9% | 3.6% | ||
| Q1 25 | 2.7% | 3.4% | ||
| Q4 24 | 1.8% | 3.6% | ||
| Q3 24 | 6.4% | 3.2% | ||
| Q2 24 | 1.1% | 3.3% | ||
| Q1 24 | 2.3% | 2.4% |
| Q4 25 | 0.88× | 1.78× | ||
| Q3 25 | 1.92× | 2.37× | ||
| Q2 25 | 1.31× | 1.64× | ||
| Q1 25 | 1.45× | 1.80× | ||
| Q4 24 | 0.84× | 2.31× | ||
| Q3 24 | 2.85× | 2.27× | ||
| Q2 24 | 1.88× | 1.63× | ||
| Q1 24 | 0.70× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
