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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.
Frontier Group Holdings, Inc. is the larger business by last-quarter revenue ($997.0M vs $501.3M, roughly 2.0× FirstCash Holdings, Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs 5.3%, a 15.5% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs -0.5%). Over the past eight quarters, FirstCash Holdings, Inc.'s revenue compounded faster (16.9% CAGR vs 7.4%).
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.
Frontier Communications Parent, Inc. is an American telecommunications company with a fiber-optic network and cloud-based services owned by Verizon. It was previously known as Citizens Utilities Co., Citizens Communications Co., and Frontier Communications Corp.
FCFS vs ULCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $997.0M |
| Net Profit | $104.2M | $53.0M |
| Gross Margin | — | — |
| Operating Margin | 28.5% | 4.9% |
| Net Margin | 20.8% | 5.3% |
| Revenue YoY | 21.2% | -0.5% |
| Net Profit YoY | 24.7% | -1.9% |
| EPS (diluted) | $2.35 | $0.24 |
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 | $997.0M | ||
| Q3 25 | $411.0M | $886.0M | ||
| Q2 25 | $385.1M | $929.0M | ||
| Q1 25 | $371.1M | $912.0M | ||
| Q4 24 | $413.7M | $1.0B | ||
| Q3 24 | $363.1M | $935.0M | ||
| Q2 24 | $363.5M | $973.0M | ||
| Q1 24 | $366.8M | $865.0M |
| Q4 25 | $104.2M | $53.0M | ||
| Q3 25 | $82.8M | $-77.0M | ||
| Q2 25 | $59.8M | $-70.0M | ||
| Q1 25 | $83.6M | $-43.0M | ||
| Q4 24 | $83.5M | $54.0M | ||
| Q3 24 | $64.8M | $26.0M | ||
| Q2 24 | $49.1M | $31.0M | ||
| Q1 24 | $61.4M | $-26.0M |
| Q4 25 | 28.5% | 4.9% | ||
| Q3 25 | 27.4% | -8.7% | ||
| Q2 25 | 21.1% | -8.1% | ||
| Q1 25 | 30.0% | -5.0% | ||
| Q4 24 | 26.5% | 4.5% | ||
| Q3 24 | 23.5% | 2.0% | ||
| Q2 24 | 18.2% | 2.6% | ||
| Q1 24 | 22.3% | -3.6% |
| Q4 25 | 20.8% | 5.3% | ||
| Q3 25 | 20.1% | -8.7% | ||
| Q2 25 | 15.5% | -7.5% | ||
| Q1 25 | 22.5% | -4.7% | ||
| Q4 24 | 20.2% | 5.4% | ||
| Q3 24 | 17.9% | 2.8% | ||
| Q2 24 | 13.5% | 3.2% | ||
| Q1 24 | 16.7% | -3.0% |
| Q4 25 | $2.35 | $0.24 | ||
| Q3 25 | $1.86 | $-0.34 | ||
| Q2 25 | $1.34 | $-0.31 | ||
| Q1 25 | $1.87 | $-0.19 | ||
| Q4 24 | $1.86 | $0.24 | ||
| Q3 24 | $1.44 | $0.11 | ||
| Q2 24 | $1.08 | $0.14 | ||
| Q1 24 | $1.35 | $-0.12 |
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 | $671.0M |
| Total DebtLower is stronger | $2.2B | $620.0M |
| Stockholders' EquityBook value | $2.3B | $491.0M |
| Total Assets | $5.3B | $7.2B |
| Debt / EquityLower = less leverage | 0.98× | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $671.0M | ||
| Q3 25 | $130.2M | $566.0M | ||
| Q2 25 | $101.5M | $563.0M | ||
| Q1 25 | $146.0M | $686.0M | ||
| Q4 24 | $175.1M | $740.0M | ||
| Q3 24 | $106.3M | $576.0M | ||
| Q2 24 | $113.7M | $658.0M | ||
| Q1 24 | $135.1M | $622.0M |
| Q4 25 | $2.2B | $620.0M | ||
| Q3 25 | $2.2B | $673.0M | ||
| Q2 25 | $1.7B | $565.0M | ||
| Q1 25 | $1.7B | $512.0M | ||
| Q4 24 | $1.7B | $507.0M | ||
| Q3 24 | $1.7B | $474.0M | ||
| Q2 24 | $1.7B | $455.0M | ||
| Q1 24 | $1.5B | $469.0M |
| Q4 25 | $2.3B | $491.0M | ||
| Q3 25 | $2.2B | $434.0M | ||
| Q2 25 | $2.1B | $506.0M | ||
| Q1 25 | $2.1B | $570.0M | ||
| Q4 24 | $2.1B | $604.0M | ||
| Q3 24 | $2.0B | $549.0M | ||
| Q2 24 | $2.0B | $520.0M | ||
| Q1 24 | $2.0B | $484.0M |
| Q4 25 | $5.3B | $7.2B | ||
| Q3 25 | $5.2B | $6.7B | ||
| Q2 25 | $4.5B | $6.5B | ||
| Q1 25 | $4.4B | $6.5B | ||
| Q4 24 | $4.5B | $6.2B | ||
| Q3 24 | $4.4B | $5.8B | ||
| Q2 24 | $4.3B | $5.7B | ||
| Q1 24 | $4.2B | $5.2B |
| Q4 25 | 0.98× | 1.26× | ||
| Q3 25 | 1.01× | 1.55× | ||
| Q2 25 | 0.79× | 1.12× | ||
| Q1 25 | 0.83× | 0.90× | ||
| Q4 24 | 0.85× | 0.84× | ||
| Q3 24 | 0.87× | 0.86× | ||
| Q2 24 | 0.85× | 0.88× | ||
| Q1 24 | 0.75× | 0.97× |
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 | $-91.0M |
| Free Cash FlowOCF − Capex | — | $-113.0M |
| FCF MarginFCF / Revenue | — | -11.3% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | 1.98× | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $-91.0M | ||
| Q3 25 | $135.8M | $-215.0M | ||
| Q2 25 | $116.9M | $-133.0M | ||
| Q1 25 | $126.6M | $-86.0M | ||
| Q4 24 | $198.1M | $87.0M | ||
| Q3 24 | $113.1M | $-156.0M | ||
| Q2 24 | $106.2M | $9.0M | ||
| Q1 24 | $122.5M | $-22.0M |
| Q4 25 | — | $-113.0M | ||
| Q3 25 | — | $-217.0M | ||
| Q2 25 | — | $-166.0M | ||
| Q1 25 | — | $-104.0M | ||
| Q4 24 | — | $73.0M | ||
| Q3 24 | — | $-170.0M | ||
| Q2 24 | — | $-22.0M | ||
| Q1 24 | — | $-39.0M |
| Q4 25 | — | -11.3% | ||
| Q3 25 | — | -24.5% | ||
| Q2 25 | — | -17.9% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | -18.2% | ||
| Q2 24 | — | -2.3% | ||
| Q1 24 | — | -4.5% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | 1.98× | -1.72× | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 2.37× | 1.61× | ||
| Q3 24 | 1.74× | -6.00× | ||
| Q2 24 | 2.16× | 0.29× | ||
| 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% |
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
