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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
FirstCash Holdings, Inc. is the larger business by last-quarter revenue ($501.3M vs $420.0M, roughly 1.2× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 20.8%, a 36.2% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs 6.3%). Over the past eight quarters, FirstCash Holdings, Inc.'s revenue compounded faster (16.9% CAGR vs 5.0%).
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.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
FCFS vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $420.0M |
| Net Profit | $104.2M | $239.4M |
| Gross Margin | — | — |
| Operating Margin | 28.5% | 79.4% |
| Net Margin | 20.8% | 57.0% |
| Revenue YoY | 21.2% | 6.3% |
| Net Profit YoY | 24.7% | 40.5% |
| EPS (diluted) | $2.35 | — |
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 | — | $420.0M | ||
| Q4 25 | $501.3M | $407.0M | ||
| Q3 25 | $411.0M | $397.6M | ||
| Q2 25 | $385.1M | $394.9M | ||
| Q1 25 | $371.1M | $395.2M | ||
| Q4 24 | $413.7M | $389.6M | ||
| Q3 24 | $363.1M | $385.3M | ||
| Q2 24 | $363.5M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $104.2M | $275.4M | ||
| Q3 25 | $82.8M | $241.2M | ||
| Q2 25 | $59.8M | $151.4M | ||
| Q1 25 | $83.6M | $165.2M | ||
| Q4 24 | $83.5M | $223.6M | ||
| Q3 24 | $64.8M | $184.7M | ||
| Q2 24 | $49.1M | $208.3M |
| Q1 26 | — | 79.4% | ||
| Q4 25 | 28.5% | 89.3% | ||
| Q3 25 | 27.4% | 84.8% | ||
| Q2 25 | 21.1% | 61.3% | ||
| Q1 25 | 30.0% | 65.5% | ||
| Q4 24 | 26.5% | 79.1% | ||
| Q3 24 | 23.5% | 70.4% | ||
| Q2 24 | 18.2% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 20.8% | 67.6% | ||
| Q3 25 | 20.1% | 60.7% | ||
| Q2 25 | 15.5% | 38.4% | ||
| Q1 25 | 22.5% | 41.8% | ||
| Q4 24 | 20.2% | 57.4% | ||
| Q3 24 | 17.9% | 47.9% | ||
| Q2 24 | 13.5% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $2.35 | $0.96 | ||
| Q3 25 | $1.86 | $0.85 | ||
| Q2 25 | $1.34 | $0.54 | ||
| Q1 25 | $1.87 | $0.60 | ||
| Q4 24 | $1.86 | $0.79 | ||
| Q3 24 | $1.44 | $0.67 | ||
| Q2 24 | $1.08 | $0.77 |
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 | $274.5M |
| Total DebtLower is stronger | $2.2B | — |
| Stockholders' EquityBook value | $2.3B | $5.0B |
| Total Assets | $5.3B | $13.8B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $125.2M | — | ||
| Q3 25 | $130.2M | — | ||
| Q2 25 | $101.5M | — | ||
| Q1 25 | $146.0M | — | ||
| Q4 24 | $175.1M | $560.8M | ||
| Q3 24 | $106.3M | $560.8M | ||
| Q2 24 | $113.7M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $7.2B | ||
| Q3 25 | $2.2B | $7.2B | ||
| Q2 25 | $1.7B | $6.9B | ||
| Q1 25 | $1.7B | $6.9B | ||
| Q4 24 | $1.7B | $7.7B | ||
| Q3 24 | $1.7B | $7.4B | ||
| Q2 24 | $1.7B | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $2.3B | $4.6B | ||
| Q3 25 | $2.2B | $4.6B | ||
| Q2 25 | $2.1B | $4.6B | ||
| Q1 25 | $2.1B | $4.2B | ||
| Q4 24 | $2.1B | $4.3B | ||
| Q3 24 | $2.0B | $4.3B | ||
| Q2 24 | $2.0B | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $5.3B | $12.9B | ||
| Q3 25 | $5.2B | $12.8B | ||
| Q2 25 | $4.5B | $12.5B | ||
| Q1 25 | $4.4B | $12.1B | ||
| Q4 24 | $4.5B | $13.1B | ||
| Q3 24 | $4.4B | $12.7B | ||
| Q2 24 | $4.3B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.98× | 1.56× | ||
| Q3 25 | 1.01× | 1.57× | ||
| Q2 25 | 0.79× | 1.51× | ||
| Q1 25 | 0.83× | 1.63× | ||
| Q4 24 | 0.85× | 1.81× | ||
| Q3 24 | 0.87× | 1.74× | ||
| Q2 24 | 0.85× | 1.60× |
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 | $1.1B | ||
| Q3 25 | $135.8M | $240.3M | ||
| Q2 25 | $116.9M | $293.4M | ||
| Q1 25 | $126.6M | $252.5M | ||
| Q4 24 | $198.1M | $1.1B | ||
| Q3 24 | $113.1M | $270.4M | ||
| Q2 24 | $106.2M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $183.0M | ||
| Q2 25 | — | $272.3M | ||
| Q1 25 | — | $239.6M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $261.5M | ||
| Q2 24 | — | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 69.0% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 275.3% | ||
| Q3 24 | — | 67.9% | ||
| Q2 24 | — | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 14.4% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 4.10× | ||
| Q3 25 | 1.64× | 1.00× | ||
| Q2 25 | 1.95× | 1.94× | ||
| Q1 25 | 1.51× | 1.53× | ||
| Q4 24 | 2.37× | 4.80× | ||
| Q3 24 | 1.74× | 1.46× | ||
| Q2 24 | 2.16× | 1.21× |
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% |
GLPI
Segment breakdown not available.
