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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $501.3M, roughly 1.6× FirstCash Holdings, Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 20.8%, a 13.8% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs 10.6%). Over the past eight quarters, FirstCash Holdings, Inc.'s revenue compounded faster (16.9% CAGR vs 10.0%).
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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
FCFS vs MSCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $822.5M |
| Net Profit | $104.2M | $284.7M |
| Gross Margin | — | — |
| Operating Margin | 28.5% | 56.4% |
| Net Margin | 20.8% | 34.6% |
| Revenue YoY | 21.2% | 10.6% |
| Net Profit YoY | 24.7% | -6.8% |
| EPS (diluted) | $2.35 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $411.0M | $793.4M | ||
| Q2 25 | $385.1M | $772.7M | ||
| Q1 25 | $371.1M | $745.8M | ||
| Q4 24 | $413.7M | $743.5M | ||
| Q3 24 | $363.1M | $724.7M | ||
| Q2 24 | $363.5M | $707.9M | ||
| Q1 24 | $366.8M | $680.0M |
| Q4 25 | $104.2M | $284.7M | ||
| Q3 25 | $82.8M | $325.4M | ||
| Q2 25 | $59.8M | $303.6M | ||
| Q1 25 | $83.6M | $288.6M | ||
| Q4 24 | $83.5M | $305.5M | ||
| Q3 24 | $64.8M | $280.9M | ||
| Q2 24 | $49.1M | $266.8M | ||
| Q1 24 | $61.4M | $256.0M |
| Q4 25 | 28.5% | 56.4% | ||
| Q3 25 | 27.4% | 56.4% | ||
| Q2 25 | 21.1% | 55.0% | ||
| Q1 25 | 30.0% | 50.6% | ||
| Q4 24 | 26.5% | 54.5% | ||
| Q3 24 | 23.5% | 55.4% | ||
| Q2 24 | 18.2% | 54.0% | ||
| Q1 24 | 22.3% | 49.9% |
| Q4 25 | 20.8% | 34.6% | ||
| Q3 25 | 20.1% | 41.0% | ||
| Q2 25 | 15.5% | 39.3% | ||
| Q1 25 | 22.5% | 38.7% | ||
| Q4 24 | 20.2% | 41.1% | ||
| Q3 24 | 17.9% | 38.8% | ||
| Q2 24 | 13.5% | 37.7% | ||
| Q1 24 | 16.7% | 37.6% |
| Q4 25 | $2.35 | $3.81 | ||
| Q3 25 | $1.86 | $4.25 | ||
| Q2 25 | $1.34 | $3.92 | ||
| Q1 25 | $1.87 | $3.71 | ||
| Q4 24 | $1.86 | $3.89 | ||
| Q3 24 | $1.44 | $3.57 | ||
| Q2 24 | $1.08 | $3.37 | ||
| Q1 24 | $1.35 | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | $2.2B | $6.2B |
| Stockholders' EquityBook value | $2.3B | $-2.7B |
| Total Assets | $5.3B | $5.7B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $515.3M | ||
| Q3 25 | $130.2M | $400.1M | ||
| Q2 25 | $101.5M | $347.3M | ||
| Q1 25 | $146.0M | $360.7M | ||
| Q4 24 | $175.1M | $409.4M | ||
| Q3 24 | $106.3M | $501.0M | ||
| Q2 24 | $113.7M | $451.4M | ||
| Q1 24 | $135.1M | $519.3M |
| Q4 25 | $2.2B | $6.2B | ||
| Q3 25 | $2.2B | $5.5B | ||
| Q2 25 | $1.7B | $4.5B | ||
| Q1 25 | $1.7B | $4.5B | ||
| Q4 24 | $1.7B | $4.5B | ||
| Q3 24 | $1.7B | $4.5B | ||
| Q2 24 | $1.7B | $4.5B | ||
| Q1 24 | $1.5B | $4.5B |
| Q4 25 | $2.3B | $-2.7B | ||
| Q3 25 | $2.2B | $-1.9B | ||
| Q2 25 | $2.1B | $-886.2M | ||
| Q1 25 | $2.1B | $-958.6M | ||
| Q4 24 | $2.1B | $-940.0M | ||
| Q3 24 | $2.0B | $-751.0M | ||
| Q2 24 | $2.0B | $-734.5M | ||
| Q1 24 | $2.0B | $-650.5M |
| Q4 25 | $5.3B | $5.7B | ||
| Q3 25 | $5.2B | $5.4B | ||
| Q2 25 | $4.5B | $5.4B | ||
| Q1 25 | $4.4B | $5.3B | ||
| Q4 24 | $4.5B | $5.4B | ||
| Q3 24 | $4.4B | $5.4B | ||
| Q2 24 | $4.3B | $5.5B | ||
| Q1 24 | $4.2B | $5.5B |
| 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 | $501.1M |
| Free Cash FlowOCF − Capex | — | $488.7M |
| FCF MarginFCF / Revenue | — | 59.4% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 1.98× | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $501.1M | ||
| Q3 25 | $135.8M | $449.4M | ||
| Q2 25 | $116.9M | $336.1M | ||
| Q1 25 | $126.6M | $301.7M | ||
| Q4 24 | $198.1M | $430.6M | ||
| Q3 24 | $113.1M | $421.6M | ||
| Q2 24 | $106.2M | $349.2M | ||
| Q1 24 | $122.5M | $300.1M |
| Q4 25 | — | $488.7M | ||
| Q3 25 | — | $445.5M | ||
| Q2 25 | — | $324.7M | ||
| Q1 25 | — | $290.2M | ||
| Q4 24 | — | $416.4M | ||
| Q3 24 | — | $415.0M | ||
| Q2 24 | — | $340.6M | ||
| Q1 24 | — | $295.9M |
| Q4 25 | — | 59.4% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | — | 42.0% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 56.0% | ||
| Q3 24 | — | 57.3% | ||
| Q2 24 | — | 48.1% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 1.98× | 1.76× | ||
| Q3 25 | 1.64× | 1.38× | ||
| Q2 25 | 1.95× | 1.11× | ||
| Q1 25 | 1.51× | 1.05× | ||
| Q4 24 | 2.37× | 1.41× | ||
| Q3 24 | 1.74× | 1.50× | ||
| Q2 24 | 2.16× | 1.31× | ||
| Q1 24 | 2.00× | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
