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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
ZILLOW GROUP, INC. is the larger business by last-quarter revenue ($654.0M vs $501.3M, roughly 1.3× FirstCash Holdings, Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs 0.5%, a 20.3% gap on every dollar of revenue. On growth, FirstCash Holdings, Inc. posted the faster year-over-year revenue change (21.2% vs 18.1%). Over the past eight quarters, FirstCash Holdings, Inc.'s revenue compounded faster (16.9% CAGR vs 11.2%).
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.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
FCFS vs ZG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $654.0M |
| Net Profit | $104.2M | $3.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | 28.5% | -1.7% |
| Net Margin | 20.8% | 0.5% |
| Revenue YoY | 21.2% | 18.1% |
| Net Profit YoY | 24.7% | 105.8% |
| EPS (diluted) | $2.35 | $0.01 |
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 | $654.0M | ||
| Q3 25 | $411.0M | $676.0M | ||
| Q2 25 | $385.1M | $655.0M | ||
| Q1 25 | $371.1M | $598.0M | ||
| Q4 24 | $413.7M | $554.0M | ||
| Q3 24 | $363.1M | $581.0M | ||
| Q2 24 | $363.5M | $572.0M | ||
| Q1 24 | $366.8M | $529.0M |
| Q4 25 | $104.2M | $3.0M | ||
| Q3 25 | $82.8M | $10.0M | ||
| Q2 25 | $59.8M | $2.0M | ||
| Q1 25 | $83.6M | $8.0M | ||
| Q4 24 | $83.5M | $-52.0M | ||
| Q3 24 | $64.8M | $-20.0M | ||
| Q2 24 | $49.1M | $-17.0M | ||
| Q1 24 | $61.4M | $-23.0M |
| Q4 25 | — | 72.8% | ||
| Q3 25 | — | 72.6% | ||
| Q2 25 | — | 74.7% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 75.8% | ||
| Q3 24 | — | 75.9% | ||
| Q2 24 | — | 77.3% | ||
| Q1 24 | — | 76.7% |
| Q4 25 | 28.5% | -1.7% | ||
| Q3 25 | 27.4% | -0.4% | ||
| Q2 25 | 21.1% | -1.7% | ||
| Q1 25 | 30.0% | -1.5% | ||
| Q4 24 | 26.5% | -12.5% | ||
| Q3 24 | 23.5% | -7.7% | ||
| Q2 24 | 18.2% | -6.6% | ||
| Q1 24 | 22.3% | -8.5% |
| Q4 25 | 20.8% | 0.5% | ||
| Q3 25 | 20.1% | 1.5% | ||
| Q2 25 | 15.5% | 0.3% | ||
| Q1 25 | 22.5% | 1.3% | ||
| Q4 24 | 20.2% | -9.4% | ||
| Q3 24 | 17.9% | -3.4% | ||
| Q2 24 | 13.5% | -3.0% | ||
| Q1 24 | 16.7% | -4.3% |
| Q4 25 | $2.35 | $0.01 | ||
| Q3 25 | $1.86 | $0.04 | ||
| Q2 25 | $1.34 | $0.01 | ||
| Q1 25 | $1.87 | $0.03 | ||
| Q4 24 | $1.86 | $-0.23 | ||
| Q3 24 | $1.44 | $-0.08 | ||
| Q2 24 | $1.08 | $-0.07 | ||
| Q1 24 | $1.35 | $-0.10 |
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 | $768.0M |
| Total DebtLower is stronger | $2.2B | — |
| Stockholders' EquityBook value | $2.3B | $4.9B |
| Total Assets | $5.3B | $5.7B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $768.0M | ||
| Q3 25 | $130.2M | $874.0M | ||
| Q2 25 | $101.5M | $587.0M | ||
| Q1 25 | $146.0M | $914.0M | ||
| Q4 24 | $175.1M | $1.1B | ||
| Q3 24 | $106.3M | $1.1B | ||
| Q2 24 | $113.7M | $1.2B | ||
| 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 | $4.9B | ||
| Q3 25 | $2.2B | $5.0B | ||
| Q2 25 | $2.1B | $4.7B | ||
| Q1 25 | $2.1B | $4.8B | ||
| Q4 24 | $2.1B | $4.8B | ||
| Q3 24 | $2.0B | $4.7B | ||
| Q2 24 | $2.0B | $4.5B | ||
| Q1 24 | $2.0B | $4.7B |
| Q4 25 | $5.3B | $5.7B | ||
| Q3 25 | $5.2B | $5.7B | ||
| Q2 25 | $4.5B | $5.4B | ||
| Q1 25 | $4.4B | $5.7B | ||
| Q4 24 | $4.5B | $5.8B | ||
| Q3 24 | $4.4B | $6.2B | ||
| Q2 24 | $4.3B | $6.6B | ||
| Q1 24 | $4.2B | $6.8B |
| 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 | $72.0M |
| Free Cash FlowOCF − Capex | — | $44.0M |
| FCF MarginFCF / Revenue | — | 6.7% |
| Capex IntensityCapex / Revenue | — | 4.3% |
| Cash ConversionOCF / Net Profit | 1.98× | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $72.0M | ||
| Q3 25 | $135.8M | $105.0M | ||
| Q2 25 | $116.9M | $87.0M | ||
| Q1 25 | $126.6M | $104.0M | ||
| Q4 24 | $198.1M | $122.0M | ||
| Q3 24 | $113.1M | $171.0M | ||
| Q2 24 | $106.2M | $55.0M | ||
| Q1 24 | $122.5M | $80.0M |
| Q4 25 | — | $44.0M | ||
| Q3 25 | — | $73.0M | ||
| Q2 25 | — | $50.0M | ||
| Q1 25 | — | $68.0M | ||
| Q4 24 | — | $88.0M | ||
| Q3 24 | — | $138.0M | ||
| Q2 24 | — | $18.0M | ||
| Q1 24 | — | $41.0M |
| Q4 25 | — | 6.7% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 7.8% |
| Q4 25 | — | 4.3% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 7.4% |
| Q4 25 | 1.98× | 24.00× | ||
| Q3 25 | 1.64× | 10.50× | ||
| Q2 25 | 1.95× | 43.50× | ||
| Q1 25 | 1.51× | 13.00× | ||
| Q4 24 | 2.37× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.16× | — | ||
| 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% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
