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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
FirstCash Holdings, Inc. is the larger business by last-quarter revenue ($501.3M vs $330.5M, roughly 1.5× Paymentus Holdings, Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs 6.3%, a 14.5% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 21.2%). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
FCFS vs PAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $330.5M |
| Net Profit | $104.2M | $20.7M |
| Gross Margin | — | 25.4% |
| Operating Margin | 28.5% | 7.3% |
| Net Margin | 20.8% | 6.3% |
| Revenue YoY | 21.2% | 28.1% |
| Net Profit YoY | 24.7% | 57.2% |
| EPS (diluted) | $2.35 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $411.0M | $310.7M | ||
| Q2 25 | $385.1M | $280.1M | ||
| Q1 25 | $371.1M | $275.2M | ||
| Q4 24 | $413.7M | $257.9M | ||
| Q3 24 | $363.1M | $231.6M | ||
| Q2 24 | $363.5M | $197.4M | ||
| Q1 24 | $366.8M | $184.9M |
| Q4 25 | $104.2M | $20.7M | ||
| Q3 25 | $82.8M | $17.7M | ||
| Q2 25 | $59.8M | $14.7M | ||
| Q1 25 | $83.6M | $13.8M | ||
| Q4 24 | $83.5M | $13.1M | ||
| Q3 24 | $64.8M | $14.4M | ||
| Q2 24 | $49.1M | $9.4M | ||
| Q1 24 | $61.4M | $7.2M |
| Q4 25 | — | 25.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 29.8% | ||
| Q1 24 | — | 28.5% |
| Q4 25 | 28.5% | 7.3% | ||
| Q3 25 | 27.4% | 6.4% | ||
| Q2 25 | 21.1% | 5.7% | ||
| Q1 25 | 30.0% | 5.7% | ||
| Q4 24 | 26.5% | 5.5% | ||
| Q3 24 | 23.5% | 5.2% | ||
| Q2 24 | 18.2% | 5.2% | ||
| Q1 24 | 22.3% | 4.5% |
| Q4 25 | 20.8% | 6.3% | ||
| Q3 25 | 20.1% | 5.7% | ||
| Q2 25 | 15.5% | 5.3% | ||
| Q1 25 | 22.5% | 5.0% | ||
| Q4 24 | 20.2% | 5.1% | ||
| Q3 24 | 17.9% | 6.2% | ||
| Q2 24 | 13.5% | 4.7% | ||
| Q1 24 | 16.7% | 3.9% |
| Q4 25 | $2.35 | $0.16 | ||
| Q3 25 | $1.86 | $0.14 | ||
| Q2 25 | $1.34 | $0.11 | ||
| Q1 25 | $1.87 | $0.11 | ||
| Q4 24 | $1.86 | $0.11 | ||
| Q3 24 | $1.44 | $0.11 | ||
| Q2 24 | $1.08 | $0.07 | ||
| Q1 24 | $1.35 | $0.06 |
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 | $320.9M |
| Total DebtLower is stronger | $2.2B | — |
| Stockholders' EquityBook value | $2.3B | $560.4M |
| Total Assets | $5.3B | $667.9M |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $320.9M | ||
| Q3 25 | $130.2M | $287.9M | ||
| Q2 25 | $101.5M | $266.4M | ||
| Q1 25 | $146.0M | $245.8M | ||
| Q4 24 | $175.1M | $205.9M | ||
| Q3 24 | $106.3M | $187.5M | ||
| Q2 24 | $113.7M | $188.8M | ||
| Q1 24 | $135.1M | $180.1M |
| 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 | $560.4M | ||
| Q3 25 | $2.2B | $537.4M | ||
| Q2 25 | $2.1B | $516.7M | ||
| Q1 25 | $2.1B | $500.4M | ||
| Q4 24 | $2.1B | $485.6M | ||
| Q3 24 | $2.0B | $468.8M | ||
| Q2 24 | $2.0B | $451.6M | ||
| Q1 24 | $2.0B | $439.4M |
| Q4 25 | $5.3B | $667.9M | ||
| Q3 25 | $5.2B | $644.4M | ||
| Q2 25 | $4.5B | $609.5M | ||
| Q1 25 | $4.4B | $590.9M | ||
| Q4 24 | $4.5B | $576.2M | ||
| Q3 24 | $4.4B | $552.9M | ||
| Q2 24 | $4.3B | $527.7M | ||
| Q1 24 | $4.2B | $514.0M |
| 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 | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 1.98× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $45.1M | ||
| Q3 25 | $135.8M | $35.1M | ||
| Q2 25 | $116.9M | $31.5M | ||
| Q1 25 | $126.6M | $50.4M | ||
| Q4 24 | $198.1M | $27.9M | ||
| Q3 24 | $113.1M | $6.7M | ||
| Q2 24 | $106.2M | $18.0M | ||
| Q1 24 | $122.5M | $11.0M |
| Q4 25 | — | $45.0M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $31.4M | ||
| Q1 25 | — | $50.4M | ||
| Q4 24 | — | $27.8M | ||
| Q3 24 | — | $6.7M | ||
| Q2 24 | — | $17.8M | ||
| Q1 24 | — | $10.8M |
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 1.98× | 2.18× | ||
| Q3 25 | 1.64× | 1.98× | ||
| Q2 25 | 1.95× | 2.14× | ||
| Q1 25 | 1.51× | 3.65× | ||
| Q4 24 | 2.37× | 2.12× | ||
| Q3 24 | 1.74× | 0.47× | ||
| Q2 24 | 2.16× | 1.93× | ||
| Q1 24 | 2.00× | 1.52× |
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% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
