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Side-by-side financial comparison of EZCORP INC (EZPW) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
EZCORP INC is the larger business by last-quarter revenue ($382.0M vs $210.5M, roughly 1.8× T1 Energy Inc.). EZCORP INC runs the higher net margin — 11.6% vs -62.0%, a 73.6% gap on every dollar of revenue. T1 Energy Inc. produced more free cash flow last quarter ($55.0M vs $31.7M).
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
EZPW vs TE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.0M | $210.5M |
| Net Profit | $44.3M | $-130.6M |
| Gross Margin | 58.4% | 10.0% |
| Operating Margin | 15.9% | -45.0% |
| Net Margin | 11.6% | -62.0% |
| Revenue YoY | 19.3% | — |
| Net Profit YoY | 42.8% | -375.2% |
| EPS (diluted) | $0.55 | $-0.87 |
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 | $336.8M | $210.5M | ||
| Q2 25 | $311.0M | $132.8M | ||
| Q1 25 | $306.3M | $53.5M | ||
| Q4 24 | $320.2M | — | ||
| Q3 24 | $294.6M | $0 | ||
| Q2 24 | $281.4M | $0 | ||
| Q1 24 | $285.6M | $0 |
| Q4 25 | $44.3M | — | ||
| Q3 25 | $26.7M | $-130.6M | ||
| Q2 25 | $26.5M | $-31.9M | ||
| Q1 25 | $25.4M | $-16.2M | ||
| Q4 24 | $31.0M | — | ||
| Q3 24 | $15.2M | $-27.5M | ||
| Q2 24 | $17.9M | $-27.0M | ||
| Q1 24 | $21.5M | $-28.5M |
| Q4 25 | 58.4% | — | ||
| Q3 25 | 59.0% | 10.0% | ||
| Q2 25 | 59.1% | 24.7% | ||
| Q1 25 | 58.3% | 33.3% | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.2% | — | ||
| Q1 24 | 58.7% | — |
| Q4 25 | 15.9% | — | ||
| Q3 25 | 11.0% | -45.0% | ||
| Q2 25 | 11.6% | -22.0% | ||
| Q1 25 | 11.2% | -44.2% | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 8.8% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 9.6% | — |
| Q4 25 | 11.6% | — | ||
| Q3 25 | 7.9% | -62.0% | ||
| Q2 25 | 8.5% | -24.0% | ||
| Q1 25 | 8.3% | -30.4% | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 5.2% | — | ||
| Q2 24 | 6.4% | — | ||
| Q1 24 | 7.5% | — |
| Q4 25 | $0.55 | — | ||
| Q3 25 | $0.35 | $-0.87 | ||
| Q2 25 | $0.34 | $-0.21 | ||
| Q1 25 | $0.33 | $-0.11 | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $0.20 | $-0.20 | ||
| Q2 24 | $0.25 | $-0.19 | ||
| Q1 24 | $0.29 | $-0.20 |
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 | $34.1M |
| Total DebtLower is stronger | $518.6M | $547.3M |
| Stockholders' EquityBook value | $1.1B | $96.9M |
| Total Assets | $2.0B | $1.4B |
| Debt / EquityLower = less leverage | 0.48× | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $465.9M | — | ||
| Q3 25 | $469.5M | $34.1M | ||
| Q2 25 | $472.1M | $8.5M | ||
| Q1 25 | $505.2M | $48.9M | ||
| Q4 24 | $174.5M | — | ||
| Q3 24 | $170.5M | $181.9M | ||
| Q2 24 | $218.0M | $219.6M | ||
| Q1 24 | $229.1M | $249.9M |
| Q4 25 | $518.6M | — | ||
| Q3 25 | $518.1M | $547.3M | ||
| Q2 25 | $517.6M | $591.2M | ||
| Q1 25 | $620.5M | $603.2M | ||
| Q4 24 | $327.7M | — | ||
| Q3 24 | $327.3M | — | ||
| Q2 24 | $361.3M | — | ||
| Q1 24 | $360.9M | $602.3M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $96.9M | ||
| Q2 25 | $990.1M | $183.9M | ||
| Q1 25 | $851.6M | $201.9M | ||
| Q4 24 | $823.9M | — | ||
| Q3 24 | $804.6M | $538.7M | ||
| Q2 24 | $801.5M | $561.6M | ||
| Q1 24 | $800.4M | $582.3M |
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | $615.0M | ||
| Q2 24 | $1.5B | $644.4M | ||
| Q1 24 | $1.5B | $670.3M |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | 5.65× | ||
| Q2 25 | 0.52× | 3.21× | ||
| Q1 25 | 0.73× | 2.99× | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.45× | 1.03× |
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 | $63.9M |
| Free Cash FlowOCF − Capex | $31.7M | $55.0M |
| FCF MarginFCF / Revenue | 8.3% | 26.1% |
| Capex IntensityCapex / Revenue | 2.0% | 4.2% |
| Cash ConversionOCF / Net Profit | 0.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | $121.7M | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.1M | — | ||
| Q3 25 | $51.3M | $63.9M | ||
| Q2 25 | $34.8M | $33.4M | ||
| Q1 25 | $36.9M | $-44.8M | ||
| Q4 24 | $26.0M | — | ||
| Q3 24 | $43.3M | $-28.4M | ||
| Q2 24 | $33.7M | $-28.0M | ||
| Q1 24 | $15.1M | $-16.2M |
| Q4 25 | $31.7M | — | ||
| Q3 25 | $35.7M | $55.0M | ||
| Q2 25 | $25.7M | $10.6M | ||
| Q1 25 | $28.6M | $-74.0M | ||
| Q4 24 | $20.4M | — | ||
| Q3 24 | $24.4M | $-34.0M | ||
| Q2 24 | $30.5M | $-35.6M | ||
| Q1 24 | $8.6M | $-37.7M |
| Q4 25 | 8.3% | — | ||
| Q3 25 | 10.6% | 26.1% | ||
| Q2 25 | 8.3% | 8.0% | ||
| Q1 25 | 9.3% | -138.4% | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | 3.0% | — |
| Q4 25 | 2.0% | — | ||
| Q3 25 | 4.6% | 4.2% | ||
| Q2 25 | 2.9% | 17.2% | ||
| Q1 25 | 2.7% | 54.5% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 6.4% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 2.3% | — |
| Q4 25 | 0.88× | — | ||
| Q3 25 | 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
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
