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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Innovex International, Inc. (INVX). Click either name above to swap in a different company.
FirstCash Holdings, Inc. is the larger business by last-quarter revenue ($501.3M vs $273.6M, roughly 1.8× Innovex International, Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs 5.1%, a 15.7% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs 9.1%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 16.9%).
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.
FCFS vs INVX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $273.6M |
| Net Profit | $104.2M | $14.0M |
| Gross Margin | — | 28.9% |
| Operating Margin | 28.5% | 9.4% |
| Net Margin | 20.8% | 5.1% |
| Revenue YoY | 21.2% | 9.1% |
| Net Profit YoY | 24.7% | -56.1% |
| EPS (diluted) | $2.35 | $0.20 |
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 | $273.6M | ||
| Q3 25 | $411.0M | $240.0M | ||
| Q2 25 | $385.1M | $224.2M | ||
| Q1 25 | $371.1M | $240.4M | ||
| Q4 24 | $413.7M | $250.7M | ||
| Q3 24 | $363.1M | $151.8M | ||
| Q2 24 | $363.5M | $130.3M | ||
| Q1 24 | $366.8M | $128.0M |
| Q4 25 | $104.2M | $14.0M | ||
| Q3 25 | $82.8M | $39.2M | ||
| Q2 25 | $59.8M | $15.3M | ||
| Q1 25 | $83.6M | $14.8M | ||
| Q4 24 | $83.5M | $31.8M | ||
| Q3 24 | $64.8M | $82.6M | ||
| Q2 24 | $49.1M | $9.5M | ||
| Q1 24 | $61.4M | $16.4M |
| Q4 25 | — | 28.9% | ||
| Q3 25 | — | 31.6% | ||
| Q2 25 | — | 32.0% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | — | 34.7% | ||
| Q2 24 | — | 35.3% | ||
| Q1 24 | — | 38.4% |
| Q4 25 | 28.5% | 9.4% | ||
| Q3 25 | 27.4% | 26.0% | ||
| Q2 25 | 21.1% | 10.1% | ||
| Q1 25 | 30.0% | 9.1% | ||
| Q4 24 | 26.5% | 10.7% | ||
| Q3 24 | 23.5% | -8.7% | ||
| Q2 24 | 18.2% | 10.0% | ||
| Q1 24 | 22.3% | 17.4% |
| Q4 25 | 20.8% | 5.1% | ||
| Q3 25 | 20.1% | 16.3% | ||
| Q2 25 | 15.5% | 6.8% | ||
| Q1 25 | 22.5% | 6.1% | ||
| Q4 24 | 20.2% | 12.7% | ||
| Q3 24 | 17.9% | 54.4% | ||
| Q2 24 | 13.5% | 7.3% | ||
| Q1 24 | 16.7% | 12.8% |
| Q4 25 | $2.35 | $0.20 | ||
| Q3 25 | $1.86 | $0.57 | ||
| Q2 25 | $1.34 | $0.22 | ||
| Q1 25 | $1.87 | $0.21 | ||
| Q4 24 | $1.86 | $-0.03 | ||
| Q3 24 | $1.44 | $1.99 | ||
| Q2 24 | $1.08 | $0.30 | ||
| Q1 24 | $1.35 | $0.51 |
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 | — |
| Total DebtLower is stronger | $2.2B | $18.9M |
| Stockholders' EquityBook value | $2.3B | $1.1B |
| Total Assets | $5.3B | $1.3B |
| Debt / EquityLower = less leverage | 0.98× | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | — | ||
| Q3 25 | $130.2M | — | ||
| Q2 25 | $101.5M | — | ||
| Q1 25 | $146.0M | — | ||
| Q4 24 | $175.1M | — | ||
| Q3 24 | $106.3M | — | ||
| Q2 24 | $113.7M | $185.6M | ||
| Q1 24 | $135.1M | $202.2M |
| Q4 25 | $2.2B | $18.9M | ||
| Q3 25 | $2.2B | $20.1M | ||
| Q2 25 | $1.7B | $34.8M | ||
| Q1 25 | $1.7B | $19.7M | ||
| Q4 24 | $1.7B | $24.9M | ||
| Q3 24 | $1.7B | $12.4M | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $2.3B | $1.1B | ||
| Q3 25 | $2.2B | $1.0B | ||
| Q2 25 | $2.1B | $995.6M | ||
| Q1 25 | $2.1B | $978.4M | ||
| Q4 24 | $2.1B | $958.2M | ||
| Q3 24 | $2.0B | $904.4M | ||
| Q2 24 | $2.0B | $352.5M | ||
| Q1 24 | $2.0B | $344.3M |
| Q4 25 | $5.3B | $1.3B | ||
| Q3 25 | $5.2B | $1.3B | ||
| Q2 25 | $4.5B | $1.2B | ||
| Q1 25 | $4.4B | $1.2B | ||
| Q4 24 | $4.5B | $1.2B | ||
| Q3 24 | $4.4B | $1.1B | ||
| Q2 24 | $4.3B | $1.0B | ||
| Q1 24 | $4.2B | $1.0B |
| Q4 25 | 0.98× | 0.02× | ||
| Q3 25 | 1.01× | 0.02× | ||
| Q2 25 | 0.79× | 0.03× | ||
| Q1 25 | 0.83× | 0.02× | ||
| Q4 24 | 0.85× | 0.03× | ||
| Q3 24 | 0.87× | 0.01× | ||
| 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 | $52.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.98× | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $52.2M | ||
| Q3 25 | $135.8M | $48.4M | ||
| Q2 25 | $116.9M | $59.2M | ||
| Q1 25 | $126.6M | $31.1M | ||
| Q4 24 | $198.1M | $36.3M | ||
| Q3 24 | $113.1M | $21.7M | ||
| Q2 24 | $106.2M | $22.8M | ||
| Q1 24 | $122.5M | $12.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $16.6M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.7% | ||
| Q1 24 | — | 6.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | 1.98× | 3.74× | ||
| Q3 25 | 1.64× | 1.23× | ||
| Q2 25 | 1.95× | 3.86× | ||
| Q1 25 | 1.51× | 2.11× | ||
| Q4 24 | 2.37× | 1.14× | ||
| Q3 24 | 1.74× | 0.26× | ||
| Q2 24 | 2.16× | 2.39× | ||
| Q1 24 | 2.00× | 0.77× |
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% |
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
