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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
FirstCash Holdings, Inc. is the larger business by last-quarter revenue ($501.3M vs $368.7M, roughly 1.4× Perion Network Ltd.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs 2.1%, a 18.7% gap on every dollar of revenue. Over the past eight quarters, FirstCash Holdings, Inc.'s revenue compounded faster (16.9% CAGR vs 16.4%).
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.
Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...
FCFS vs PERI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $368.7M |
| Net Profit | $104.2M | $7.7M |
| Gross Margin | — | — |
| Operating Margin | 28.5% | 2.0% |
| Net Margin | 20.8% | 2.1% |
| Revenue YoY | 21.2% | — |
| Net Profit YoY | 24.7% | — |
| EPS (diluted) | $2.35 | — |
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 | — | ||
| Q3 25 | $411.0M | $368.7M | ||
| Q2 25 | $385.1M | $266.5M | ||
| Q1 25 | $371.1M | $157.8M | ||
| Q4 24 | $413.7M | — | ||
| Q3 24 | $363.1M | $508.9M | ||
| Q2 24 | $363.5M | $323.6M | ||
| Q1 24 | $366.8M | $145.2M |
| Q4 25 | $104.2M | — | ||
| Q3 25 | $82.8M | $7.7M | ||
| Q2 25 | $59.8M | $5.6M | ||
| Q1 25 | $83.6M | $11.8M | ||
| Q4 24 | $83.5M | — | ||
| Q3 24 | $64.8M | $78.0M | ||
| Q2 24 | $49.1M | $45.2M | ||
| Q1 24 | $61.4M | $23.8M |
| Q4 25 | 28.5% | — | ||
| Q3 25 | 27.4% | 2.0% | ||
| Q2 25 | 21.1% | -1.7% | ||
| Q1 25 | 30.0% | 5.4% | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | 23.5% | 15.1% | ||
| Q2 24 | 18.2% | 13.7% | ||
| Q1 24 | 22.3% | 16.9% |
| Q4 25 | 20.8% | — | ||
| Q3 25 | 20.1% | 2.1% | ||
| Q2 25 | 15.5% | 2.1% | ||
| Q1 25 | 22.5% | 7.5% | ||
| Q4 24 | 20.2% | — | ||
| Q3 24 | 17.9% | 15.3% | ||
| Q2 24 | 13.5% | 14.0% | ||
| Q1 24 | 16.7% | 16.4% |
| Q4 25 | $2.35 | — | ||
| Q3 25 | $1.86 | — | ||
| Q2 25 | $1.34 | — | ||
| Q1 25 | $1.87 | — | ||
| Q4 24 | $1.86 | — | ||
| Q3 24 | $1.44 | — | ||
| Q2 24 | $1.08 | — | ||
| Q1 24 | $1.35 | — |
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 | $156.2M |
| Total DebtLower is stronger | $2.2B | — |
| Stockholders' EquityBook value | $2.3B | $722.9M |
| Total Assets | $5.3B | $915.5M |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | — | ||
| Q3 25 | $130.2M | $156.2M | ||
| Q2 25 | $101.5M | $156.2M | ||
| Q1 25 | $146.0M | $156.2M | ||
| Q4 24 | $175.1M | — | ||
| Q3 24 | $106.3M | $187.6M | ||
| Q2 24 | $113.7M | $187.6M | ||
| Q1 24 | $135.1M | $187.6M |
| 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 | — | ||
| Q3 25 | $2.2B | $722.9M | ||
| Q2 25 | $2.1B | $722.9M | ||
| Q1 25 | $2.1B | $722.9M | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | $718.1M | ||
| Q2 24 | $2.0B | $718.1M | ||
| Q1 24 | $2.0B | $718.1M |
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.2B | $915.5M | ||
| Q2 25 | $4.5B | $915.5M | ||
| Q1 25 | $4.4B | $915.5M | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.4B | $1.1B | ||
| Q2 24 | $4.3B | $1.1B | ||
| Q1 24 | $4.2B | $1.1B |
| 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 | $2.6M |
| Free Cash FlowOCF − Capex | — | $-2.9M |
| FCF MarginFCF / Revenue | — | -0.8% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 1.98× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | — | ||
| Q3 25 | $135.8M | $2.6M | ||
| Q2 25 | $116.9M | — | ||
| Q1 25 | $126.6M | — | ||
| Q4 24 | $198.1M | — | ||
| Q3 24 | $113.1M | $105.2M | ||
| Q2 24 | $106.2M | — | ||
| Q1 24 | $122.5M | $17.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $104.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $17.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 12.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.64× | 0.34× | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 2.37× | — | ||
| Q3 24 | 1.74× | 1.35× | ||
| Q2 24 | 2.16× | — | ||
| Q1 24 | 2.00× | 0.75× |
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% |
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
