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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Natera, Inc. (NTRA). Click either name above to swap in a different company.
Natera, Inc. is the larger business by last-quarter revenue ($665.5M vs $501.3M, roughly 1.3× FirstCash Holdings, Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs 7.1%, a 13.7% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs 21.2%). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% 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.
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
FCFS vs NTRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $665.5M |
| Net Profit | $104.2M | $47.3M |
| Gross Margin | — | — |
| Operating Margin | 28.5% | -3.4% |
| Net Margin | 20.8% | 7.1% |
| Revenue YoY | 21.2% | 39.8% |
| Net Profit YoY | 24.7% | 187.9% |
| EPS (diluted) | $2.35 | $0.36 |
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 | $665.5M | ||
| Q3 25 | $411.0M | $592.2M | ||
| Q2 25 | $385.1M | $546.6M | ||
| Q1 25 | $371.1M | $501.8M | ||
| Q4 24 | $413.7M | $476.1M | ||
| Q3 24 | $363.1M | $439.8M | ||
| Q2 24 | $363.5M | $413.4M | ||
| Q1 24 | $366.8M | $367.7M |
| Q4 25 | $104.2M | $47.3M | ||
| Q3 25 | $82.8M | $-87.5M | ||
| Q2 25 | $59.8M | $-100.9M | ||
| Q1 25 | $83.6M | $-66.9M | ||
| Q4 24 | $83.5M | $-53.8M | ||
| Q3 24 | $64.8M | $-31.6M | ||
| Q2 24 | $49.1M | $-37.5M | ||
| Q1 24 | $61.4M | $-67.6M |
| Q4 25 | 28.5% | -3.4% | ||
| Q3 25 | 27.4% | -16.5% | ||
| Q2 25 | 21.1% | -20.2% | ||
| Q1 25 | 30.0% | -15.8% | ||
| Q4 24 | 26.5% | -13.6% | ||
| Q3 24 | 23.5% | -8.9% | ||
| Q2 24 | 18.2% | -10.6% | ||
| Q1 24 | 22.3% | -20.2% |
| Q4 25 | 20.8% | 7.1% | ||
| Q3 25 | 20.1% | -14.8% | ||
| Q2 25 | 15.5% | -18.5% | ||
| Q1 25 | 22.5% | -13.3% | ||
| Q4 24 | 20.2% | -11.3% | ||
| Q3 24 | 17.9% | -7.2% | ||
| Q2 24 | 13.5% | -9.1% | ||
| Q1 24 | 16.7% | -18.4% |
| Q4 25 | $2.35 | $0.36 | ||
| Q3 25 | $1.86 | $-0.64 | ||
| Q2 25 | $1.34 | $-0.74 | ||
| Q1 25 | $1.87 | $-0.50 | ||
| Q4 24 | $1.86 | $-0.41 | ||
| Q3 24 | $1.44 | $-0.26 | ||
| Q2 24 | $1.08 | $-0.30 | ||
| Q1 24 | $1.35 | $-0.56 |
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 | — |
| Stockholders' EquityBook value | $2.3B | $1.7B |
| Total Assets | $5.3B | $2.4B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | — | ||
| Q3 25 | $130.2M | $1.0M | ||
| Q2 25 | $101.5M | $16.0M | ||
| Q1 25 | $146.0M | $17.8M | ||
| Q4 24 | $175.1M | $22.7M | ||
| Q3 24 | $106.3M | $29.5M | ||
| Q2 24 | $113.7M | $90.3M | ||
| Q1 24 | $135.1M | $69.1M |
| 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 | $1.7B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.0B | $878.5M | ||
| Q2 24 | $2.0B | $836.5M | ||
| Q1 24 | $2.0B | $794.1M |
| Q4 25 | $5.3B | $2.4B | ||
| Q3 25 | $5.2B | $1.8B | ||
| Q2 25 | $4.5B | $1.8B | ||
| Q1 25 | $4.4B | $1.7B | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $4.4B | $1.6B | ||
| Q2 24 | $4.3B | $1.5B | ||
| Q1 24 | $4.2B | $1.5B |
| 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 | $73.9M |
| Free Cash FlowOCF − Capex | — | $37.8M |
| FCF MarginFCF / Revenue | — | 5.7% |
| Capex IntensityCapex / Revenue | — | 5.4% |
| Cash ConversionOCF / Net Profit | 1.98× | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $73.9M | ||
| Q3 25 | $135.8M | $59.4M | ||
| Q2 25 | $116.9M | $37.6M | ||
| Q1 25 | $126.6M | $44.5M | ||
| Q4 24 | $198.1M | $52.9M | ||
| Q3 24 | $113.1M | $51.8M | ||
| Q2 24 | $106.2M | $4.0M | ||
| Q1 24 | $122.5M | $27.0M |
| Q4 25 | — | $37.8M | ||
| Q3 25 | — | $37.0M | ||
| Q2 25 | — | $11.7M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | — | $34.8M | ||
| Q3 24 | — | $35.5M | ||
| Q2 24 | — | $-7.7M | ||
| Q1 24 | — | $6.7M |
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | -1.9% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 5.5% |
| Q4 25 | 1.98× | 1.56× | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 2.37× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.16× | — | ||
| 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% |
NTRA
Segment breakdown not available.
