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Side-by-side financial comparison of FirstCash Holdings, Inc. (FCFS) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
Zscaler, Inc. is the larger business by last-quarter revenue ($788.1M vs $501.3M, roughly 1.6× FirstCash Holdings, Inc.). FirstCash Holdings, Inc. runs the higher net margin — 20.8% vs -1.5%, a 22.3% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 21.2%). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% 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.
Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.
FCFS vs ZS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $501.3M | $788.1M |
| Net Profit | $104.2M | $-11.6M |
| Gross Margin | — | 76.6% |
| Operating Margin | 28.5% | -4.6% |
| Net Margin | 20.8% | -1.5% |
| Revenue YoY | 21.2% | 25.5% |
| Net Profit YoY | 24.7% | 3.6% |
| EPS (diluted) | $2.35 | $-0.07 |
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 | $788.1M | ||
| Q3 25 | $411.0M | $719.2M | ||
| Q2 25 | $385.1M | $678.0M | ||
| Q1 25 | $371.1M | $647.9M | ||
| Q4 24 | $413.7M | $628.0M | ||
| Q3 24 | $363.1M | $592.9M | ||
| Q2 24 | $363.5M | $553.2M | ||
| Q1 24 | $366.8M | $525.0M |
| Q4 25 | $104.2M | $-11.6M | ||
| Q3 25 | $82.8M | $-17.6M | ||
| Q2 25 | $59.8M | $-4.1M | ||
| Q1 25 | $83.6M | $-7.7M | ||
| Q4 24 | $83.5M | $-12.1M | ||
| Q3 24 | $64.8M | $-14.9M | ||
| Q2 24 | $49.1M | $19.1M | ||
| Q1 24 | $61.4M | $-28.5M |
| Q4 25 | — | 76.6% | ||
| Q3 25 | — | 76.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 77.5% | ||
| Q3 24 | — | 78.0% | ||
| Q2 24 | — | 78.6% | ||
| Q1 24 | — | 77.7% |
| Q4 25 | 28.5% | -4.6% | ||
| Q3 25 | 27.4% | -4.5% | ||
| Q2 25 | 21.1% | -3.7% | ||
| Q1 25 | 30.0% | -6.2% | ||
| Q4 24 | 26.5% | -4.9% | ||
| Q3 24 | 23.5% | -4.5% | ||
| Q2 24 | 18.2% | -0.5% | ||
| Q1 24 | 22.3% | -8.7% |
| Q4 25 | 20.8% | -1.5% | ||
| Q3 25 | 20.1% | -2.4% | ||
| Q2 25 | 15.5% | -0.6% | ||
| Q1 25 | 22.5% | -1.2% | ||
| Q4 24 | 20.2% | -1.9% | ||
| Q3 24 | 17.9% | -2.5% | ||
| Q2 24 | 13.5% | 3.5% | ||
| Q1 24 | 16.7% | -5.4% |
| Q4 25 | $2.35 | $-0.07 | ||
| Q3 25 | $1.86 | $-0.11 | ||
| Q2 25 | $1.34 | $-0.03 | ||
| Q1 25 | $1.87 | $-0.05 | ||
| Q4 24 | $1.86 | $-0.08 | ||
| Q3 24 | $1.44 | $-0.09 | ||
| Q2 24 | $1.08 | $0.12 | ||
| Q1 24 | $1.35 | $-0.19 |
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 | $2.0B |
| Total Assets | $5.3B | $6.5B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $1.3B | ||
| Q3 25 | $130.2M | $2.4B | ||
| Q2 25 | $101.5M | $2.0B | ||
| Q1 25 | $146.0M | $1.8B | ||
| Q4 24 | $175.1M | $1.6B | ||
| Q3 24 | $106.3M | $1.4B | ||
| Q2 24 | $113.7M | $1.3B | ||
| Q1 24 | $135.1M | $1.4B |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.5B | $1.1B |
| Q4 25 | $2.3B | $2.0B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $2.0B | $1.1B | ||
| Q1 24 | $2.0B | $958.9M |
| Q4 25 | $5.3B | $6.5B | ||
| Q3 25 | $5.2B | $6.4B | ||
| Q2 25 | $4.5B | $5.3B | ||
| Q1 25 | $4.4B | $5.0B | ||
| Q4 24 | $4.5B | $4.7B | ||
| Q3 24 | $4.4B | $4.7B | ||
| Q2 24 | $4.3B | $4.2B | ||
| Q1 24 | $4.2B | $3.9B |
| Q4 25 | 0.98× | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 0.79× | 0.64× | ||
| Q1 25 | 0.83× | 0.71× | ||
| Q4 24 | 0.85× | 0.80× | ||
| Q3 24 | 0.87× | 0.90× | ||
| Q2 24 | 0.85× | 1.04× | ||
| Q1 24 | 0.75× | 1.19× |
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 | $448.3M |
| Free Cash FlowOCF − Capex | — | $431.0M |
| FCF MarginFCF / Revenue | — | 54.7% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | 1.98× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.6M | $448.3M | ||
| Q3 25 | $135.8M | $250.6M | ||
| Q2 25 | $116.9M | $211.1M | ||
| Q1 25 | $126.6M | $179.4M | ||
| Q4 24 | $198.1M | $331.3M | ||
| Q3 24 | $113.1M | $203.6M | ||
| Q2 24 | $106.2M | $173.4M | ||
| Q1 24 | $122.5M | $142.1M |
| Q4 25 | — | $431.0M | ||
| Q3 25 | — | $190.6M | ||
| Q2 25 | — | $138.9M | ||
| Q1 25 | — | $164.4M | ||
| Q4 24 | — | $314.3M | ||
| Q3 24 | — | $154.2M | ||
| Q2 24 | — | $137.8M | ||
| Q1 24 | — | $111.2M |
| Q4 25 | — | 54.7% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 25.4% | ||
| Q4 24 | — | 50.1% | ||
| Q3 24 | — | 26.0% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | — | 21.2% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 6.4% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 2.37× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.16× | 9.07× | ||
| 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% |
ZS
Segment breakdown not available.
