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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
FirstCash Holdings, Inc. is the larger business by last-quarter revenue ($501.3M vs $385.6M, roughly 1.3× Skyward Specialty Insurance Group, Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs 11.2%, a 9.6% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 21.2%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
FCFS vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $385.6M |
| Net Profit | $104.2M | $43.2M |
| Gross Margin | — | — |
| Operating Margin | 28.5% | 14.2% |
| Net Margin | 20.8% | 11.2% |
| Revenue YoY | 21.2% | 26.7% |
| Net Profit YoY | 24.7% | 200.1% |
| EPS (diluted) | $2.35 | $1.03 |
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 | $385.6M | ||
| Q3 25 | $411.0M | $382.5M | ||
| Q2 25 | $385.1M | $319.9M | ||
| Q1 25 | $371.1M | $328.5M | ||
| Q4 24 | $413.7M | $304.4M | ||
| Q3 24 | $363.1M | $300.9M | ||
| Q2 24 | $363.5M | $279.9M | ||
| Q1 24 | $366.8M | $265.0M |
| Q4 25 | $104.2M | $43.2M | ||
| Q3 25 | $82.8M | $45.9M | ||
| Q2 25 | $59.8M | $38.8M | ||
| Q1 25 | $83.6M | $42.1M | ||
| Q4 24 | $83.5M | $14.4M | ||
| Q3 24 | $64.8M | $36.7M | ||
| Q2 24 | $49.1M | $31.0M | ||
| Q1 24 | $61.4M | $36.8M |
| Q4 25 | 28.5% | 14.2% | ||
| Q3 25 | 27.4% | 15.8% | ||
| Q2 25 | 21.1% | 15.6% | ||
| Q1 25 | 30.0% | 15.7% | ||
| Q4 24 | 26.5% | 6.1% | ||
| Q3 24 | 23.5% | 15.6% | ||
| Q2 24 | 18.2% | 14.4% | ||
| Q1 24 | 22.3% | 17.7% |
| Q4 25 | 20.8% | 11.2% | ||
| Q3 25 | 20.1% | 12.0% | ||
| Q2 25 | 15.5% | 12.1% | ||
| Q1 25 | 22.5% | 12.8% | ||
| Q4 24 | 20.2% | 4.7% | ||
| Q3 24 | 17.9% | 12.2% | ||
| Q2 24 | 13.5% | 11.1% | ||
| Q1 24 | 16.7% | 13.9% |
| Q4 25 | $2.35 | $1.03 | ||
| Q3 25 | $1.86 | $1.10 | ||
| Q2 25 | $1.34 | $0.93 | ||
| Q1 25 | $1.87 | $1.01 | ||
| Q4 24 | $1.86 | $0.33 | ||
| Q3 24 | $1.44 | $0.89 | ||
| Q2 24 | $1.08 | $0.75 | ||
| Q1 24 | $1.35 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | $2.2B | — |
| Stockholders' EquityBook value | $2.3B | $1.0B |
| Total Assets | $5.3B | $4.8B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $168.5M | ||
| Q3 25 | $130.2M | $160.1M | ||
| Q2 25 | $101.5M | $136.6M | ||
| Q1 25 | $146.0M | $112.9M | ||
| Q4 24 | $175.1M | $121.6M | ||
| Q3 24 | $106.3M | $105.6M | ||
| Q2 24 | $113.7M | $73.0M | ||
| Q1 24 | $135.1M | $85.1M |
| 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 | $1.0B | ||
| Q3 25 | $2.2B | $961.4M | ||
| Q2 25 | $2.1B | $899.9M | ||
| Q1 25 | $2.1B | $850.7M | ||
| Q4 24 | $2.1B | $794.0M | ||
| Q3 24 | $2.0B | $797.5M | ||
| Q2 24 | $2.0B | $723.6M | ||
| Q1 24 | $2.0B | $692.3M |
| Q4 25 | $5.3B | $4.8B | ||
| Q3 25 | $5.2B | $4.6B | ||
| Q2 25 | $4.5B | $4.3B | ||
| Q1 25 | $4.4B | $4.0B | ||
| Q4 24 | $4.5B | $3.7B | ||
| Q3 24 | $4.4B | $3.6B | ||
| Q2 24 | $4.3B | $3.4B | ||
| Q1 24 | $4.2B | $3.2B |
| 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 | $408.1M |
| Free Cash FlowOCF − Capex | — | $402.6M |
| FCF MarginFCF / Revenue | — | 104.4% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 1.98× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $408.1M | ||
| Q3 25 | $135.8M | $171.4M | ||
| Q2 25 | $116.9M | $88.2M | ||
| Q1 25 | $126.6M | $96.8M | ||
| Q4 24 | $198.1M | $305.1M | ||
| Q3 24 | $113.1M | $168.0M | ||
| Q2 24 | $106.2M | $21.0M | ||
| Q1 24 | $122.5M | $94.3M |
| Q4 25 | — | $402.6M | ||
| Q3 25 | — | $168.9M | ||
| Q2 25 | — | $87.1M | ||
| Q1 25 | — | $96.6M | ||
| Q4 24 | — | $300.9M | ||
| Q3 24 | — | $167.6M | ||
| Q2 24 | — | $18.4M | ||
| Q1 24 | — | $94.0M |
| Q4 25 | — | 104.4% | ||
| Q3 25 | — | 44.2% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 55.7% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 35.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 1.98× | 9.44× | ||
| Q3 25 | 1.64× | 3.73× | ||
| Q2 25 | 1.95× | 2.27× | ||
| Q1 25 | 1.51× | 2.30× | ||
| Q4 24 | 2.37× | 21.18× | ||
| Q3 24 | 1.74× | 4.58× | ||
| Q2 24 | 2.16× | 0.68× | ||
| Q1 24 | 2.00× | 2.56× |
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% |
SKWD
Segment breakdown not available.
