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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
FirstCash Holdings, Inc. is the larger business by last-quarter revenue ($501.3M vs $274.5M, roughly 1.8× IPG PHOTONICS CORP). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs 4.8%, a 15.9% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs 17.1%). Over the past eight quarters, FirstCash Holdings, Inc.'s revenue compounded faster (16.9% CAGR vs 4.4%).
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.
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
FCFS vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $274.5M |
| Net Profit | $104.2M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | 28.5% | 1.2% |
| Net Margin | 20.8% | 4.8% |
| Revenue YoY | 21.2% | 17.1% |
| Net Profit YoY | 24.7% | 69.8% |
| 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 | $274.5M | ||
| Q3 25 | $411.0M | $250.8M | ||
| Q2 25 | $385.1M | $250.7M | ||
| Q1 25 | $371.1M | $227.8M | ||
| Q4 24 | $413.7M | $234.3M | ||
| Q3 24 | $363.1M | $233.1M | ||
| Q2 24 | $363.5M | $257.6M | ||
| Q1 24 | $366.8M | $252.0M |
| Q4 25 | $104.2M | $13.3M | ||
| Q3 25 | $82.8M | $7.5M | ||
| Q2 25 | $59.8M | $6.6M | ||
| Q1 25 | $83.6M | $3.8M | ||
| Q4 24 | $83.5M | $7.8M | ||
| Q3 24 | $64.8M | $-233.6M | ||
| Q2 24 | $49.1M | $20.2M | ||
| Q1 24 | $61.4M | $24.1M |
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 38.7% |
| Q4 25 | 28.5% | 1.2% | ||
| Q3 25 | 27.4% | 3.1% | ||
| Q2 25 | 21.1% | 0.0% | ||
| Q1 25 | 30.0% | 0.8% | ||
| Q4 24 | 26.5% | 6.0% | ||
| Q3 24 | 23.5% | -108.7% | ||
| Q2 24 | 18.2% | 4.7% | ||
| Q1 24 | 22.3% | 7.6% |
| Q4 25 | 20.8% | 4.8% | ||
| Q3 25 | 20.1% | 3.0% | ||
| Q2 25 | 15.5% | 2.6% | ||
| Q1 25 | 22.5% | 1.6% | ||
| Q4 24 | 20.2% | 3.3% | ||
| Q3 24 | 17.9% | -100.2% | ||
| Q2 24 | 13.5% | 7.8% | ||
| Q1 24 | 16.7% | 9.6% |
| Q4 25 | $2.35 | $0.30 | ||
| Q3 25 | $1.86 | $0.18 | ||
| Q2 25 | $1.34 | $0.16 | ||
| Q1 25 | $1.87 | $0.09 | ||
| Q4 24 | $1.86 | $0.27 | ||
| Q3 24 | $1.44 | $-5.33 | ||
| Q2 24 | $1.08 | $0.45 | ||
| Q1 24 | $1.35 | $0.52 |
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 | $839.3M |
| Total DebtLower is stronger | $2.2B | — |
| Stockholders' EquityBook value | $2.3B | $2.1B |
| Total Assets | $5.3B | $2.4B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $839.3M | ||
| Q3 25 | $130.2M | $870.4M | ||
| Q2 25 | $101.5M | $899.6M | ||
| Q1 25 | $146.0M | $926.9M | ||
| Q4 24 | $175.1M | $930.2M | ||
| Q3 24 | $106.3M | $1.0B | ||
| Q2 24 | $113.7M | $1.1B | ||
| Q1 24 | $135.1M | $1.1B |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $2.1B | $2.0B | ||
| Q3 24 | $2.0B | $2.1B | ||
| Q2 24 | $2.0B | $2.3B | ||
| Q1 24 | $2.0B | $2.3B |
| Q4 25 | $5.3B | $2.4B | ||
| Q3 25 | $5.2B | $2.4B | ||
| Q2 25 | $4.5B | $2.4B | ||
| Q1 25 | $4.4B | $2.3B | ||
| Q4 24 | $4.5B | $2.3B | ||
| Q3 24 | $4.4B | $2.4B | ||
| Q2 24 | $4.3B | $2.5B | ||
| Q1 24 | $4.2B | $2.6B |
| Q4 25 | 0.98× | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 0.79× | — | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.87× | — | ||
| 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 | $28.8M |
| Free Cash FlowOCF − Capex | — | $10.9M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | 1.98× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $28.8M | ||
| Q3 25 | $135.8M | $35.3M | ||
| Q2 25 | $116.9M | $-2.2M | ||
| Q1 25 | $126.6M | $13.4M | ||
| Q4 24 | $198.1M | $73.8M | ||
| Q3 24 | $113.1M | $66.1M | ||
| Q2 24 | $106.2M | $53.5M | ||
| Q1 24 | $122.5M | $54.6M |
| Q4 25 | — | $10.9M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $-17.6M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $43.0M | ||
| Q2 24 | — | $29.2M | ||
| Q1 24 | — | $26.5M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | -7.0% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 10.5% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 11.1% |
| Q4 25 | 1.98× | 2.17× | ||
| Q3 25 | 1.64× | 4.73× | ||
| Q2 25 | 1.95× | -0.34× | ||
| Q1 25 | 1.51× | 3.58× | ||
| Q4 24 | 2.37× | 9.44× | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.16× | 2.65× | ||
| Q1 24 | 2.00× | 2.27× |
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% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
