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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
FirstCash Holdings, Inc. is the larger business by last-quarter revenue ($501.3M vs $340.0M, roughly 1.5× Walker & Dunlop, Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs -12.9%, a 33.7% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs -0.4%). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
FCFS vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $340.0M |
| Net Profit | $104.2M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 28.5% | -17.2% |
| Net Margin | 20.8% | -12.9% |
| Revenue YoY | 21.2% | -0.4% |
| Net Profit YoY | 24.7% | -131.0% |
| EPS (diluted) | $2.35 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $411.0M | $337.7M | ||
| Q2 25 | $385.1M | $319.2M | ||
| Q1 25 | $371.1M | $237.4M | ||
| Q4 24 | $413.7M | $341.5M | ||
| Q3 24 | $363.1M | $292.3M | ||
| Q2 24 | $363.5M | $270.7M | ||
| Q1 24 | $366.8M | $228.1M |
| Q4 25 | $104.2M | $-13.9M | ||
| Q3 25 | $82.8M | $33.5M | ||
| Q2 25 | $59.8M | $34.0M | ||
| Q1 25 | $83.6M | $2.8M | ||
| Q4 24 | $83.5M | $44.8M | ||
| Q3 24 | $64.8M | $28.8M | ||
| Q2 24 | $49.1M | $22.7M | ||
| Q1 24 | $61.4M | $11.9M |
| Q4 25 | 28.5% | -17.2% | ||
| Q3 25 | 27.4% | 13.6% | ||
| Q2 25 | 21.1% | 14.5% | ||
| Q1 25 | 30.0% | 2.2% | ||
| Q4 24 | 26.5% | 15.3% | ||
| Q3 24 | 23.5% | 12.8% | ||
| Q2 24 | 18.2% | 10.4% | ||
| Q1 24 | 22.3% | 6.0% |
| Q4 25 | 20.8% | -12.9% | ||
| Q3 25 | 20.1% | 9.9% | ||
| Q2 25 | 15.5% | 10.6% | ||
| Q1 25 | 22.5% | 1.2% | ||
| Q4 24 | 20.2% | 13.1% | ||
| Q3 24 | 17.9% | 9.9% | ||
| Q2 24 | 13.5% | 8.4% | ||
| Q1 24 | 16.7% | 5.2% |
| Q4 25 | $2.35 | $-0.41 | ||
| Q3 25 | $1.86 | $0.98 | ||
| Q2 25 | $1.34 | $0.99 | ||
| Q1 25 | $1.87 | $0.08 | ||
| Q4 24 | $1.86 | $1.32 | ||
| Q3 24 | $1.44 | $0.85 | ||
| Q2 24 | $1.08 | $0.67 | ||
| Q1 24 | $1.35 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | $2.2B | — |
| Stockholders' EquityBook value | $2.3B | $1.7B |
| Total Assets | $5.3B | $5.1B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $299.3M | ||
| Q3 25 | $130.2M | $274.8M | ||
| Q2 25 | $101.5M | $233.7M | ||
| Q1 25 | $146.0M | $181.0M | ||
| Q4 24 | $175.1M | $279.3M | ||
| Q3 24 | $106.3M | $179.8M | ||
| Q2 24 | $113.7M | $208.1M | ||
| Q1 24 | $135.1M | $216.5M |
| 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 | $1.7B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $2.0B | $1.7B | ||
| Q1 24 | $2.0B | $1.7B |
| Q4 25 | $5.3B | $5.1B | ||
| Q3 25 | $5.2B | $5.8B | ||
| Q2 25 | $4.5B | $4.7B | ||
| Q1 25 | $4.4B | $4.5B | ||
| Q4 24 | $4.5B | $4.4B | ||
| Q3 24 | $4.4B | $4.6B | ||
| Q2 24 | $4.3B | $4.2B | ||
| Q1 24 | $4.2B | $3.8B |
| 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 | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 1.98× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $-664.3M | ||
| Q3 25 | $135.8M | $-948.1M | ||
| Q2 25 | $116.9M | $-238.5M | ||
| Q1 25 | $126.6M | $-281.1M | ||
| Q4 24 | $198.1M | $129.4M | ||
| Q3 24 | $113.1M | $-202.0M | ||
| Q2 24 | $106.2M | $-237.8M | ||
| Q1 24 | $122.5M | $38.4M |
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $-204.0M | ||
| Q2 24 | — | $-241.7M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | -69.8% | ||
| Q2 24 | — | -89.3% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.64× | -28.34× | ||
| Q2 25 | 1.95× | -7.02× | ||
| Q1 25 | 1.51× | -102.07× | ||
| Q4 24 | 2.37× | 2.89× | ||
| Q3 24 | 1.74× | -7.01× | ||
| Q2 24 | 2.16× | -10.49× | ||
| Q1 24 | 2.00× | 3.24× |
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% |
WD
Segment breakdown not available.
