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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
FirstCash Holdings, Inc. is the larger business by last-quarter revenue ($501.3M vs $273.0M, roughly 1.8× Forestar Group Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs 5.6%, a 15.1% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs 9.0%). Over the past eight quarters, FirstCash Holdings, Inc.'s revenue compounded faster (16.9% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
FCFS vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $273.0M |
| Net Profit | $104.2M | $15.4M |
| Gross Margin | — | 20.1% |
| Operating Margin | 28.5% | 7.6% |
| Net Margin | 20.8% | 5.6% |
| Revenue YoY | 21.2% | 9.0% |
| Net Profit YoY | 24.7% | -6.7% |
| EPS (diluted) | $2.35 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $411.0M | $670.5M | ||
| Q2 25 | $385.1M | $390.5M | ||
| Q1 25 | $371.1M | $351.0M | ||
| Q4 24 | $413.7M | $250.4M | ||
| Q3 24 | $363.1M | $551.3M | ||
| Q2 24 | $363.5M | $318.4M | ||
| Q1 24 | $366.8M | $333.8M |
| Q4 25 | $104.2M | $15.4M | ||
| Q3 25 | $82.8M | $86.9M | ||
| Q2 25 | $59.8M | $32.9M | ||
| Q1 25 | $83.6M | $31.6M | ||
| Q4 24 | $83.5M | $16.5M | ||
| Q3 24 | $64.8M | $81.5M | ||
| Q2 24 | $49.1M | $38.7M | ||
| Q1 24 | $61.4M | $45.0M |
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | 28.5% | 7.6% | ||
| Q3 25 | 27.4% | 16.9% | ||
| Q2 25 | 21.1% | 11.2% | ||
| Q1 25 | 30.0% | 11.6% | ||
| Q4 24 | 26.5% | 8.7% | ||
| Q3 24 | 23.5% | 19.7% | ||
| Q2 24 | 18.2% | 16.2% | ||
| Q1 24 | 22.3% | 17.6% |
| Q4 25 | 20.8% | 5.6% | ||
| Q3 25 | 20.1% | 13.0% | ||
| Q2 25 | 15.5% | 8.4% | ||
| Q1 25 | 22.5% | 9.0% | ||
| Q4 24 | 20.2% | 6.6% | ||
| Q3 24 | 17.9% | 14.8% | ||
| Q2 24 | 13.5% | 12.2% | ||
| Q1 24 | 16.7% | 13.5% |
| Q4 25 | $2.35 | $0.30 | ||
| Q3 25 | $1.86 | $1.70 | ||
| Q2 25 | $1.34 | $0.65 | ||
| Q1 25 | $1.87 | $0.62 | ||
| Q4 24 | $1.86 | $0.32 | ||
| Q3 24 | $1.44 | $1.59 | ||
| Q2 24 | $1.08 | $0.76 | ||
| Q1 24 | $1.35 | $0.89 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $125.2M | $211.7M |
| Total DebtLower is stronger | $2.2B | $793.2M |
| Stockholders' EquityBook value | $2.3B | $1.8B |
| Total Assets | $5.3B | $3.2B |
| Debt / EquityLower = less leverage | 0.98× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $211.7M | ||
| Q3 25 | $130.2M | $379.2M | ||
| Q2 25 | $101.5M | $189.2M | ||
| Q1 25 | $146.0M | $174.3M | ||
| Q4 24 | $175.1M | $132.0M | ||
| Q3 24 | $106.3M | $481.2M | ||
| Q2 24 | $113.7M | $359.2M | ||
| Q1 24 | $135.1M | $416.2M |
| Q4 25 | $2.2B | $793.2M | ||
| Q3 25 | $2.2B | $802.7M | ||
| Q2 25 | $1.7B | $872.8M | ||
| Q1 25 | $1.7B | $872.5M | ||
| Q4 24 | $1.7B | $806.8M | ||
| Q3 24 | $1.7B | $706.4M | ||
| Q2 24 | $1.7B | $706.1M | ||
| Q1 24 | $1.5B | $705.7M |
| Q4 25 | $2.3B | $1.8B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.1B | $1.6B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $2.0B | $1.5B | ||
| Q1 24 | $2.0B | $1.5B |
| Q4 25 | $5.3B | $3.2B | ||
| Q3 25 | $5.2B | $3.1B | ||
| Q2 25 | $4.5B | $3.1B | ||
| Q1 25 | $4.4B | $3.0B | ||
| Q4 24 | $4.5B | $3.0B | ||
| Q3 24 | $4.4B | $2.8B | ||
| Q2 24 | $4.3B | $2.7B | ||
| Q1 24 | $4.2B | $2.6B |
| Q4 25 | 0.98× | 0.44× | ||
| Q3 25 | 1.01× | 0.45× | ||
| Q2 25 | 0.79× | 0.52× | ||
| Q1 25 | 0.83× | 0.53× | ||
| Q4 24 | 0.85× | 0.50× | ||
| Q3 24 | 0.87× | 0.44× | ||
| Q2 24 | 0.85× | 0.47× | ||
| Q1 24 | 0.75× | 0.48× |
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 | $206.6M | $-157.0M |
| Free Cash FlowOCF − Capex | — | $-157.1M |
| FCF MarginFCF / Revenue | — | -57.5% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 1.98× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $-157.0M | ||
| Q3 25 | $135.8M | $256.3M | ||
| Q2 25 | $116.9M | $15.8M | ||
| Q1 25 | $126.6M | $-19.8M | ||
| Q4 24 | $198.1M | $-450.0M | ||
| Q3 24 | $113.1M | $119.2M | ||
| Q2 24 | $106.2M | $-61.7M | ||
| Q1 24 | $122.5M | $-59.2M |
| Q4 25 | — | $-157.1M | ||
| Q3 25 | — | $255.6M | ||
| Q2 25 | — | $15.0M | ||
| Q1 25 | — | $-20.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | $-62.3M | ||
| Q1 24 | — | $-59.8M |
| Q4 25 | — | -57.5% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | -19.6% | ||
| Q1 24 | — | -17.9% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 1.98× | -10.19× | ||
| Q3 25 | 1.64× | 2.95× | ||
| Q2 25 | 1.95× | 0.48× | ||
| Q1 25 | 1.51× | -0.63× | ||
| Q4 24 | 2.37× | -27.27× | ||
| Q3 24 | 1.74× | 1.46× | ||
| Q2 24 | 2.16× | -1.59× | ||
| Q1 24 | 2.00× | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
