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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.
FirstCash Holdings, Inc. is the larger business by last-quarter revenue ($501.3M vs $336.0M, roughly 1.5× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 20.8%, a 17.8% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs 8.7%). Over the past eight quarters, FirstCash Holdings, Inc.'s revenue compounded faster (16.9% CAGR vs 6.5%).
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.
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
FCFS vs FRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $336.0M |
| Net Profit | $104.2M | $129.7M |
| Gross Margin | — | — |
| Operating Margin | 28.5% | 53.8% |
| Net Margin | 20.8% | 38.6% |
| Revenue YoY | 21.2% | 8.7% |
| Net Profit YoY | 24.7% | 103.5% |
| EPS (diluted) | $2.35 | $1.49 |
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.
| Q1 26 | — | $336.0M | ||
| Q4 25 | $501.3M | $336.0M | ||
| Q3 25 | $411.0M | $322.3M | ||
| Q2 25 | $385.1M | $311.5M | ||
| Q1 25 | $371.1M | $309.2M | ||
| Q4 24 | $413.7M | $311.4M | ||
| Q3 24 | $363.1M | $303.6M | ||
| Q2 24 | $363.5M | $296.1M |
| Q1 26 | — | $129.7M | ||
| Q4 25 | $104.2M | $129.7M | ||
| Q3 25 | $82.8M | $61.6M | ||
| Q2 25 | $59.8M | $155.9M | ||
| Q1 25 | $83.6M | $63.8M | ||
| Q4 24 | $83.5M | $65.5M | ||
| Q3 24 | $64.8M | $61.0M | ||
| Q2 24 | $49.1M | $112.0M |
| Q1 26 | — | 53.8% | ||
| Q4 25 | 28.5% | 53.8% | ||
| Q3 25 | 27.4% | 34.3% | ||
| Q2 25 | 21.1% | 65.1% | ||
| Q1 25 | 30.0% | 35.0% | ||
| Q4 24 | 26.5% | 35.1% | ||
| Q3 24 | 23.5% | 34.9% | ||
| Q2 24 | 18.2% | 53.0% |
| Q1 26 | — | 38.6% | ||
| Q4 25 | 20.8% | 38.6% | ||
| Q3 25 | 20.1% | 19.1% | ||
| Q2 25 | 15.5% | 50.0% | ||
| Q1 25 | 22.5% | 20.6% | ||
| Q4 24 | 20.2% | 21.0% | ||
| Q3 24 | 17.9% | 20.1% | ||
| Q2 24 | 13.5% | 37.8% |
| Q1 26 | — | $1.49 | ||
| Q4 25 | $2.35 | $1.49 | ||
| Q3 25 | $1.86 | $0.69 | ||
| Q2 25 | $1.34 | $1.78 | ||
| Q1 25 | $1.87 | $0.72 | ||
| Q4 24 | $1.86 | $0.74 | ||
| Q3 24 | $1.44 | $0.70 | ||
| Q2 24 | $1.08 | $1.32 |
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 | $107.4M |
| Total DebtLower is stronger | $2.2B | $5.0B |
| Stockholders' EquityBook value | $2.3B | $3.2B |
| Total Assets | $5.3B | $9.1B |
| Debt / EquityLower = less leverage | 0.98× | 1.53× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $107.4M | ||
| Q4 25 | $125.2M | $107.4M | ||
| Q3 25 | $130.2M | $111.3M | ||
| Q2 25 | $101.5M | $177.0M | ||
| Q1 25 | $146.0M | $109.2M | ||
| Q4 24 | $175.1M | $123.4M | ||
| Q3 24 | $106.3M | $97.0M | ||
| Q2 24 | $113.7M | $103.2M |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $2.2B | $5.0B | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $4.5B | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $2.3B | $3.2B | ||
| Q3 25 | $2.2B | $3.2B | ||
| Q2 25 | $2.1B | $3.2B | ||
| Q1 25 | $2.1B | $3.2B | ||
| Q4 24 | $2.1B | $3.2B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $2.0B | $3.0B |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $5.3B | $9.1B | ||
| Q3 25 | $5.2B | $8.9B | ||
| Q2 25 | $4.5B | $8.6B | ||
| Q1 25 | $4.4B | $8.6B | ||
| Q4 24 | $4.5B | $8.5B | ||
| Q3 24 | $4.4B | $8.5B | ||
| Q2 24 | $4.3B | $8.4B |
| Q1 26 | — | 1.53× | ||
| Q4 25 | 0.98× | 1.53× | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 0.79× | — | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 0.85× | 1.42× | ||
| Q3 24 | 0.87× | — | ||
| Q2 24 | 0.85× | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.98× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $206.6M | $622.4M | ||
| Q3 25 | $135.8M | $147.8M | ||
| Q2 25 | $116.9M | $150.7M | ||
| Q1 25 | $126.6M | $179.0M | ||
| Q4 24 | $198.1M | $574.6M | ||
| Q3 24 | $113.1M | $144.1M | ||
| Q2 24 | $106.2M | $169.7M |
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 4.80× | ||
| Q3 25 | 1.64× | 2.40× | ||
| Q2 25 | 1.95× | 0.97× | ||
| Q1 25 | 1.51× | 2.81× | ||
| Q4 24 | 2.37× | 8.77× | ||
| Q3 24 | 1.74× | 2.36× | ||
| Q2 24 | 2.16× | 1.52× |
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% |
FRT
Segment breakdown not available.
