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Side-by-side financial comparison of EZCORP INC (EZPW) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $382.0M, roughly 1.3× EZCORP INC). EZCORP INC runs the higher net margin — 11.6% vs -9.3%, a 20.9% gap on every dollar of revenue. TIC Solutions, Inc. produced more free cash flow last quarter ($37.1M 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.
EZPW vs TIC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.0M | $508.3M |
| Net Profit | $44.3M | $-47.2M |
| Gross Margin | 58.4% | 35.2% |
| Operating Margin | 15.9% | -3.8% |
| Net Margin | 11.6% | -9.3% |
| Revenue YoY | 19.3% | — |
| Net Profit YoY | 42.8% | — |
| EPS (diluted) | $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 | $508.3M | ||
| Q3 25 | $336.8M | $473.9M | ||
| Q2 25 | $311.0M | $313.9M | ||
| Q1 25 | $306.3M | $234.2M | ||
| Q4 24 | $320.2M | — | ||
| Q3 24 | $294.6M | — | ||
| Q2 24 | $281.4M | — | ||
| Q1 24 | $285.6M | — |
| Q4 25 | $44.3M | $-47.2M | ||
| Q3 25 | $26.7M | $-13.9M | ||
| Q2 25 | $26.5M | $-233.0K | ||
| Q1 25 | $25.4M | $-25.8M | ||
| Q4 24 | $31.0M | — | ||
| Q3 24 | $15.2M | — | ||
| Q2 24 | $17.9M | — | ||
| Q1 24 | $21.5M | — |
| Q4 25 | 58.4% | 35.2% | ||
| Q3 25 | 59.0% | 32.2% | ||
| Q2 25 | 59.1% | 23.6% | ||
| Q1 25 | 58.3% | 18.6% | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.2% | — | ||
| Q1 24 | 58.7% | — |
| Q4 25 | 15.9% | -3.8% | ||
| Q3 25 | 11.0% | -1.4% | ||
| Q2 25 | 11.6% | 5.8% | ||
| Q1 25 | 11.2% | -4.0% | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 8.8% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 9.6% | — |
| Q4 25 | 11.6% | -9.3% | ||
| Q3 25 | 7.9% | -2.9% | ||
| Q2 25 | 8.5% | -0.1% | ||
| Q1 25 | 8.3% | -11.0% | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 5.2% | — | ||
| Q2 24 | 6.4% | — | ||
| Q1 24 | 7.5% | — |
| Q4 25 | $0.55 | — | ||
| Q3 25 | $0.35 | $-0.08 | ||
| Q2 25 | $0.34 | — | ||
| Q1 25 | $0.33 | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $0.20 | — | ||
| Q2 24 | $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 | $465.9M | $439.5M |
| Total DebtLower is stronger | $518.6M | $1.6B |
| Stockholders' EquityBook value | $1.1B | $2.2B |
| Total Assets | $2.0B | $4.4B |
| Debt / EquityLower = less leverage | 0.48× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $465.9M | $439.5M | ||
| Q3 25 | $469.5M | $164.4M | ||
| Q2 25 | $472.1M | $130.1M | ||
| Q1 25 | $505.2M | $155.7M | ||
| Q4 24 | $174.5M | — | ||
| Q3 24 | $170.5M | — | ||
| Q2 24 | $218.0M | — | ||
| Q1 24 | $229.1M | — |
| Q4 25 | $518.6M | $1.6B | ||
| Q3 25 | $518.1M | $1.6B | ||
| Q2 25 | $517.6M | $751.3M | ||
| Q1 25 | $620.5M | $752.4M | ||
| Q4 24 | $327.7M | — | ||
| Q3 24 | $327.3M | — | ||
| Q2 24 | $361.3M | — | ||
| Q1 24 | $360.9M | — |
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $1.0B | $2.0B | ||
| Q2 25 | $990.1M | $1.2B | ||
| Q1 25 | $851.6M | $1.1B | ||
| Q4 24 | $823.9M | — | ||
| Q3 24 | $804.6M | — | ||
| Q2 24 | $801.5M | — | ||
| Q1 24 | $800.4M | — |
| Q4 25 | $2.0B | $4.4B | ||
| Q3 25 | $2.0B | $4.2B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.8B | $2.2B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | 0.48× | 0.74× | ||
| Q3 25 | 0.51× | 0.83× | ||
| Q2 25 | 0.52× | 0.64× | ||
| Q1 25 | 0.73× | 0.67× | ||
| 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 | $49.7M |
| Free Cash FlowOCF − Capex | $31.7M | $37.1M |
| FCF MarginFCF / Revenue | 8.3% | 7.3% |
| Capex IntensityCapex / Revenue | 2.0% | 2.5% |
| Cash ConversionOCF / Net Profit | 0.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | $121.7M | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.1M | $49.7M | ||
| Q3 25 | $51.3M | $19.0M | ||
| Q2 25 | $34.8M | $-6.5M | ||
| Q1 25 | $36.9M | $32.8M | ||
| Q4 24 | $26.0M | — | ||
| Q3 24 | $43.3M | — | ||
| Q2 24 | $33.7M | — | ||
| Q1 24 | $15.1M | — |
| Q4 25 | $31.7M | $37.1M | ||
| Q3 25 | $35.7M | $10.3M | ||
| Q2 25 | $25.7M | $-14.5M | ||
| Q1 25 | $28.6M | $28.3M | ||
| Q4 24 | $20.4M | — | ||
| Q3 24 | $24.4M | — | ||
| Q2 24 | $30.5M | — | ||
| Q1 24 | $8.6M | — |
| Q4 25 | 8.3% | 7.3% | ||
| Q3 25 | 10.6% | 2.2% | ||
| Q2 25 | 8.3% | -4.6% | ||
| Q1 25 | 9.3% | 12.1% | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | 3.0% | — |
| Q4 25 | 2.0% | 2.5% | ||
| Q3 25 | 4.6% | 1.8% | ||
| Q2 25 | 2.9% | 2.6% | ||
| Q1 25 | 2.7% | 1.9% | ||
| 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% |
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
