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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $501.3M, roughly 1.2× FirstCash Holdings, Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs 13.4%, a 7.4% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs 15.7%). Over the past eight quarters, FirstCash Holdings, Inc.'s revenue compounded faster (16.9% CAGR vs 4.6%).
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.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
FCFS vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $625.1M |
| Net Profit | $104.2M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 28.5% | 18.2% |
| Net Margin | 20.8% | 13.4% |
| Revenue YoY | 21.2% | 15.7% |
| Net Profit YoY | 24.7% | 24.0% |
| EPS (diluted) | $2.35 | $2.50 |
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 | $625.1M | ||
| Q3 25 | $411.0M | $611.7M | ||
| Q2 25 | $385.1M | $643.7M | ||
| Q1 25 | $371.1M | $558.0M | ||
| Q4 24 | $413.7M | $540.4M | ||
| Q3 24 | $363.1M | $543.6M | ||
| Q2 24 | $363.5M | $597.3M | ||
| Q1 24 | $366.8M | $570.9M |
| Q4 25 | $104.2M | $83.7M | ||
| Q3 25 | $82.8M | $82.2M | ||
| Q2 25 | $59.8M | $100.9M | ||
| Q1 25 | $83.6M | $74.0M | ||
| Q4 24 | $83.5M | $67.5M | ||
| Q3 24 | $64.8M | $69.1M | ||
| Q2 24 | $49.1M | $82.0M | ||
| Q1 24 | $61.4M | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | 28.5% | 18.2% | ||
| Q3 25 | 27.4% | 18.2% | ||
| Q2 25 | 21.1% | 21.0% | ||
| Q1 25 | 30.0% | 15.7% | ||
| Q4 24 | 26.5% | 16.5% | ||
| Q3 24 | 23.5% | 17.1% | ||
| Q2 24 | 18.2% | 18.7% | ||
| Q1 24 | 22.3% | 16.9% |
| Q4 25 | 20.8% | 13.4% | ||
| Q3 25 | 20.1% | 13.4% | ||
| Q2 25 | 15.5% | 15.7% | ||
| Q1 25 | 22.5% | 13.3% | ||
| Q4 24 | 20.2% | 12.5% | ||
| Q3 24 | 17.9% | 12.7% | ||
| Q2 24 | 13.5% | 13.7% | ||
| Q1 24 | 16.7% | 12.7% |
| Q4 25 | $2.35 | $2.50 | ||
| Q3 25 | $1.86 | $2.45 | ||
| Q2 25 | $1.34 | $3.01 | ||
| Q1 25 | $1.87 | $2.21 | ||
| Q4 24 | $1.86 | $2.02 | ||
| Q3 24 | $1.44 | $2.06 | ||
| Q2 24 | $1.08 | $2.44 | ||
| Q1 24 | $1.35 | $2.17 |
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 | $405.5M |
| Total DebtLower is stronger | $2.2B | — |
| Stockholders' EquityBook value | $2.3B | $2.0B |
| Total Assets | $5.3B | $2.9B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $405.5M | ||
| Q3 25 | $130.2M | $457.7M | ||
| Q2 25 | $101.5M | $369.3M | ||
| Q1 25 | $146.0M | $336.8M | ||
| Q4 24 | $175.1M | $386.9M | ||
| Q3 24 | $106.3M | $303.9M | ||
| Q2 24 | $113.7M | $279.4M | ||
| Q1 24 | $135.1M | $237.1M |
| 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 | $2.0B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.1B | $1.9B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $2.0B | $1.6B | ||
| Q1 24 | $2.0B | $1.6B |
| Q4 25 | $5.3B | $2.9B | ||
| Q3 25 | $5.2B | $2.7B | ||
| Q2 25 | $4.5B | $2.6B | ||
| Q1 25 | $4.4B | $2.5B | ||
| Q4 24 | $4.5B | $2.4B | ||
| Q3 24 | $4.4B | $2.4B | ||
| Q2 24 | $4.3B | $2.4B | ||
| Q1 24 | $4.2B | $2.3B |
| 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 | $154.7M |
| Free Cash FlowOCF − Capex | — | $140.3M |
| FCF MarginFCF / Revenue | — | 22.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 1.98× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $154.7M | ||
| Q3 25 | $135.8M | $122.4M | ||
| Q2 25 | $116.9M | $69.7M | ||
| Q1 25 | $126.6M | $55.2M | ||
| Q4 24 | $198.1M | $139.5M | ||
| Q3 24 | $113.1M | $90.7M | ||
| Q2 24 | $106.2M | $85.3M | ||
| Q1 24 | $122.5M | $45.6M |
| Q4 25 | — | $140.3M | ||
| Q3 25 | — | $110.9M | ||
| Q2 25 | — | $59.5M | ||
| Q1 25 | — | $45.6M | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | $84.3M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | — | $35.5M |
| Q4 25 | — | 22.4% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 6.2% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 1.98× | 1.85× | ||
| Q3 25 | 1.64× | 1.49× | ||
| Q2 25 | 1.95× | 0.69× | ||
| Q1 25 | 1.51× | 0.75× | ||
| Q4 24 | 2.37× | 2.07× | ||
| Q3 24 | 1.74× | 1.31× | ||
| Q2 24 | 2.16× | 1.04× | ||
| Q1 24 | 2.00× | 0.63× |
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% |
WTS
Segment breakdown not available.
