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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Trade Desk (The) is the larger business by last-quarter revenue ($846.8M vs $501.3M, roughly 1.7× FirstCash Holdings, Inc.). Trade Desk (The) runs the higher net margin — 22.1% vs 20.8%, a 1.3% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs 14.3%). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% 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.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
FCFS vs TTD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $846.8M |
| Net Profit | $104.2M | $186.9M |
| Gross Margin | — | 80.7% |
| Operating Margin | 28.5% | 30.3% |
| Net Margin | 20.8% | 22.1% |
| Revenue YoY | 21.2% | 14.3% |
| Net Profit YoY | 24.7% | 2.6% |
| EPS (diluted) | $2.35 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $411.0M | $739.4M | ||
| Q2 25 | $385.1M | $694.0M | ||
| Q1 25 | $371.1M | $616.0M | ||
| Q4 24 | $413.7M | $741.0M | ||
| Q3 24 | $363.1M | $628.0M | ||
| Q2 24 | $363.5M | $584.5M | ||
| Q1 24 | $366.8M | $491.3M |
| Q4 25 | $104.2M | $186.9M | ||
| Q3 25 | $82.8M | $115.5M | ||
| Q2 25 | $59.8M | $90.1M | ||
| Q1 25 | $83.6M | $50.7M | ||
| Q4 24 | $83.5M | $182.2M | ||
| Q3 24 | $64.8M | $94.2M | ||
| Q2 24 | $49.1M | $85.0M | ||
| Q1 24 | $61.4M | $31.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | — | 81.1% | ||
| Q1 24 | — | 78.9% |
| Q4 25 | 28.5% | 30.3% | ||
| Q3 25 | 27.4% | 21.8% | ||
| Q2 25 | 21.1% | 16.8% | ||
| Q1 25 | 30.0% | 8.8% | ||
| Q4 24 | 26.5% | 26.4% | ||
| Q3 24 | 23.5% | 17.3% | ||
| Q2 24 | 18.2% | 16.2% | ||
| Q1 24 | 22.3% | 5.8% |
| Q4 25 | 20.8% | 22.1% | ||
| Q3 25 | 20.1% | 15.6% | ||
| Q2 25 | 15.5% | 13.0% | ||
| Q1 25 | 22.5% | 8.2% | ||
| Q4 24 | 20.2% | 24.6% | ||
| Q3 24 | 17.9% | 15.0% | ||
| Q2 24 | 13.5% | 14.5% | ||
| Q1 24 | 16.7% | 6.4% |
| Q4 25 | $2.35 | $0.39 | ||
| Q3 25 | $1.86 | $0.23 | ||
| Q2 25 | $1.34 | $0.18 | ||
| Q1 25 | $1.87 | $0.10 | ||
| Q4 24 | $1.86 | $0.36 | ||
| Q3 24 | $1.44 | $0.19 | ||
| Q2 24 | $1.08 | $0.17 | ||
| 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 | $1.3B |
| Total DebtLower is stronger | $2.2B | — |
| Stockholders' EquityBook value | $2.3B | $2.5B |
| Total Assets | $5.3B | $6.2B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $1.3B | ||
| Q3 25 | $130.2M | $1.4B | ||
| Q2 25 | $101.5M | $1.7B | ||
| Q1 25 | $146.0M | $1.7B | ||
| Q4 24 | $175.1M | $1.9B | ||
| Q3 24 | $106.3M | $1.7B | ||
| Q2 24 | $113.7M | $1.5B | ||
| Q1 24 | $135.1M | $1.4B |
| 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 | $2.5B | ||
| Q3 25 | $2.2B | $2.6B | ||
| Q2 25 | $2.1B | $2.7B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.1B | $2.9B | ||
| Q3 24 | $2.0B | $2.6B | ||
| Q2 24 | $2.0B | $2.4B | ||
| Q1 24 | $2.0B | $2.2B |
| Q4 25 | $5.3B | $6.2B | ||
| Q3 25 | $5.2B | $5.9B | ||
| Q2 25 | $4.5B | $6.0B | ||
| Q1 25 | $4.4B | $5.7B | ||
| Q4 24 | $4.5B | $6.1B | ||
| Q3 24 | $4.4B | $5.5B | ||
| Q2 24 | $4.3B | $5.2B | ||
| Q1 24 | $4.2B | $4.7B |
| 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 | $311.6M |
| Free Cash FlowOCF − Capex | — | $285.3M |
| FCF MarginFCF / Revenue | — | 33.7% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | 1.98× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $311.6M | ||
| Q3 25 | $135.8M | $224.7M | ||
| Q2 25 | $116.9M | $165.0M | ||
| Q1 25 | $126.6M | $291.4M | ||
| Q4 24 | $198.1M | $199.4M | ||
| Q3 24 | $113.1M | $273.3M | ||
| Q2 24 | $106.2M | $81.3M | ||
| Q1 24 | $122.5M | $185.5M |
| Q4 25 | — | $285.3M | ||
| Q3 25 | — | $158.3M | ||
| Q2 25 | — | $119.8M | ||
| Q1 25 | — | $232.3M | ||
| Q4 24 | — | $179.2M | ||
| Q3 24 | — | $224.6M | ||
| Q2 24 | — | $59.1M | ||
| Q1 24 | — | $178.2M |
| Q4 25 | — | 33.7% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 37.7% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 36.3% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 1.98× | 1.67× | ||
| Q3 25 | 1.64× | 1.94× | ||
| Q2 25 | 1.95× | 1.83× | ||
| Q1 25 | 1.51× | 5.75× | ||
| Q4 24 | 2.37× | 1.09× | ||
| Q3 24 | 1.74× | 2.90× | ||
| Q2 24 | 2.16× | 0.96× | ||
| Q1 24 | 2.00× | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
