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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Global Business Travel Group, Inc. (GBTG). Click either name above to swap in a different company.
Global Business Travel Group, Inc. is the larger business by last-quarter revenue ($792.0M vs $501.3M, roughly 1.6× FirstCash Holdings, Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs 10.5%, a 10.3% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 21.2%). Over the past eight quarters, FirstCash Holdings, Inc.'s revenue compounded faster (16.9% CAGR vs 13.9%).
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.
A travel management company (TMC) is a travel agency which manages organizations' corporate or business travel programs. Such companies will often provide an end-user online booking tool, mobile application, program management, and consulting teams, executive travel services, meetings and events support, reporting functionality, duty of care, and more. Non-Profit travel management companies also provide services to manage complex visa requirements, pre-trip medical needs, remote area travel, ...
FCFS vs GBTG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $792.0M |
| Net Profit | $104.2M | $83.0M |
| Gross Margin | — | — |
| Operating Margin | 28.5% | 3.7% |
| Net Margin | 20.8% | 10.5% |
| Revenue YoY | 21.2% | 34.0% |
| Net Profit YoY | 24.7% | 692.9% |
| EPS (diluted) | $2.35 | $0.16 |
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 | $792.0M | ||
| Q3 25 | $411.0M | $674.0M | ||
| Q2 25 | $385.1M | $631.0M | ||
| Q1 25 | $371.1M | $621.0M | ||
| Q4 24 | $413.7M | $591.0M | ||
| Q3 24 | $363.1M | $597.0M | ||
| Q2 24 | $363.5M | $625.0M | ||
| Q1 24 | $366.8M | $610.0M |
| Q4 25 | $104.2M | $83.0M | ||
| Q3 25 | $82.8M | $-62.0M | ||
| Q2 25 | $59.8M | $15.0M | ||
| Q1 25 | $83.6M | $75.0M | ||
| Q4 24 | $83.5M | $-14.0M | ||
| Q3 24 | $64.8M | $-128.0M | ||
| Q2 24 | $49.1M | $27.0M | ||
| Q1 24 | $61.4M | $-19.0M |
| Q4 25 | 28.5% | 3.7% | ||
| Q3 25 | 27.4% | 1.8% | ||
| Q2 25 | 21.1% | 5.4% | ||
| Q1 25 | 30.0% | 8.9% | ||
| Q4 24 | 26.5% | 5.1% | ||
| Q3 24 | 23.5% | 4.5% | ||
| Q2 24 | 18.2% | 6.7% | ||
| Q1 24 | 22.3% | 2.6% |
| Q4 25 | 20.8% | 10.5% | ||
| Q3 25 | 20.1% | -9.2% | ||
| Q2 25 | 15.5% | 2.4% | ||
| Q1 25 | 22.5% | 12.1% | ||
| Q4 24 | 20.2% | -2.4% | ||
| Q3 24 | 17.9% | -21.4% | ||
| Q2 24 | 13.5% | 4.3% | ||
| Q1 24 | 16.7% | -3.1% |
| Q4 25 | $2.35 | $0.16 | ||
| Q3 25 | $1.86 | $-0.13 | ||
| Q2 25 | $1.34 | $0.03 | ||
| Q1 25 | $1.87 | $0.16 | ||
| Q4 24 | $1.86 | $-0.04 | ||
| Q3 24 | $1.44 | $-0.28 | ||
| Q2 24 | $1.08 | $0.06 | ||
| Q1 24 | $1.35 | $-0.04 |
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 | $434.0M |
| Total DebtLower is stronger | $2.2B | $1.4B |
| Stockholders' EquityBook value | $2.3B | $1.6B |
| Total Assets | $5.3B | $4.9B |
| Debt / EquityLower = less leverage | 0.98× | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $434.0M | ||
| Q3 25 | $130.2M | $427.0M | ||
| Q2 25 | $101.5M | $601.0M | ||
| Q1 25 | $146.0M | $552.0M | ||
| Q4 24 | $175.1M | $536.0M | ||
| Q3 24 | $106.3M | $524.0M | ||
| Q2 24 | $113.7M | $515.0M | ||
| Q1 24 | $135.1M | $475.0M |
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $1.7B | $1.4B | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.1B | $1.1B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $2.0B | $1.2B |
| Q4 25 | $5.3B | $4.9B | ||
| Q3 25 | $5.2B | $4.8B | ||
| Q2 25 | $4.5B | $3.9B | ||
| Q1 25 | $4.4B | $3.8B | ||
| Q4 24 | $4.5B | $3.6B | ||
| Q3 24 | $4.4B | $3.8B | ||
| Q2 24 | $4.3B | $3.8B | ||
| Q1 24 | $4.2B | $3.8B |
| Q4 25 | 0.98× | 0.88× | ||
| Q3 25 | 1.01× | 0.91× | ||
| Q2 25 | 0.79× | 1.15× | ||
| Q1 25 | 0.83× | 1.23× | ||
| Q4 24 | 0.85× | 1.32× | ||
| Q3 24 | 0.87× | 1.26× | ||
| Q2 24 | 0.85× | — | ||
| Q1 24 | 0.75× | — |
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 | $52.0M |
| Free Cash FlowOCF − Capex | — | $13.0M |
| FCF MarginFCF / Revenue | — | 1.6% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | 1.98× | 0.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $104.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $52.0M | ||
| Q3 25 | $135.8M | $71.0M | ||
| Q2 25 | $116.9M | $57.0M | ||
| Q1 25 | $126.6M | $53.0M | ||
| Q4 24 | $198.1M | $65.0M | ||
| Q3 24 | $113.1M | $85.0M | ||
| Q2 24 | $106.2M | $73.0M | ||
| Q1 24 | $122.5M | $49.0M |
| Q4 25 | — | $13.0M | ||
| Q3 25 | — | $38.0M | ||
| Q2 25 | — | $27.0M | ||
| Q1 25 | — | $26.0M | ||
| Q4 24 | — | $33.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $24.0M |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 3.9% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 4.1% |
| Q4 25 | 1.98× | 0.63× | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.95× | 3.80× | ||
| Q1 25 | 1.51× | 0.71× | ||
| Q4 24 | 2.37× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.16× | 2.70× | ||
| Q1 24 | 2.00× | — |
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% |
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
