vs
BGC Group, Inc.（BGC）与FirstCash Holdings, Inc.（FCFS）财务数据对比。点击上方公司名可切换其他公司
BGC Group, Inc.的季度营收约是FirstCash Holdings, Inc.的1.9倍（$955.5M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs 8.4%，领先12.3%），BGC Group, Inc.同比增速更快（43.8% vs 21.2%），过去两年BGC Group, Inc.的营收复合增速更高（48.2% vs 16.9%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
FirstCash Holdings, Inc.是总部位于美国得克萨斯州沃斯堡的典当企业，在美国及拉丁美洲多地运营线下典当零售门店，为纳斯达克证券交易所公开上市企业，在美洲典当服务领域拥有成熟的业务布局与完善的运营网络。
BGC vs FCFS — 直观对比
营收规模更大
BGC
是对方的1.9倍
$501.3M
营收增速更快
BGC
高出22.6%
21.2%
净利率更高
FCFS
高出12.3%
8.4%
两年增速更快
BGC
近两年复合增速
16.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $955.5M | $501.3M |
| 净利润 | $80.6M | $104.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 28.5% |
| 净利率 | 8.4% | 20.8% |
| 营收同比 | 43.8% | 21.2% |
| 净利润同比 | — | 24.7% |
| 每股收益（稀释后） | $0.17 | $2.35 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BGCFCFS
| Q1 26 | $955.5M | — | ||
| Q4 25 | $638.6M | $501.3M | ||
| Q3 25 | $620.8M | $411.0M | ||
| Q2 25 | $648.0M | $385.1M | ||
| Q1 25 | $534.6M | $371.1M | ||
| Q4 24 | $475.2M | $413.7M | ||
| Q3 24 | $448.9M | $363.1M | ||
| Q2 24 | $435.0M | $363.5M |
净利润BGCFCFS
| Q1 26 | $80.6M | — | ||
| Q4 25 | $14.4M | $104.2M | ||
| Q3 25 | $27.9M | $82.8M | ||
| Q2 25 | $57.5M | $59.8M | ||
| Q1 25 | $55.2M | $83.6M | ||
| Q4 24 | $25.2M | $83.5M | ||
| Q3 24 | $14.7M | $64.8M | ||
| Q2 24 | $37.8M | $49.1M |
营业利润率BGCFCFS
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 28.5% | ||
| Q3 25 | 5.4% | 27.4% | ||
| Q2 25 | 11.6% | 21.1% | ||
| Q1 25 | 15.0% | 30.0% | ||
| Q4 24 | 5.7% | 26.5% | ||
| Q3 24 | 4.4% | 23.5% | ||
| Q2 24 | 12.7% | 18.2% |
净利率BGCFCFS
| Q1 26 | 8.4% | — | ||
| Q4 25 | 2.3% | 20.8% | ||
| Q3 25 | 4.5% | 20.1% | ||
| Q2 25 | 8.9% | 15.5% | ||
| Q1 25 | 10.3% | 22.5% | ||
| Q4 24 | 5.3% | 20.2% | ||
| Q3 24 | 3.3% | 17.9% | ||
| Q2 24 | 8.7% | 13.5% |
每股收益（稀释后）BGCFCFS
| Q1 26 | $0.17 | — | ||
| Q4 25 | $0.03 | $2.35 | ||
| Q3 25 | $0.06 | $1.86 | ||
| Q2 25 | $0.11 | $1.34 | ||
| Q1 25 | $0.11 | $1.87 | ||
| Q4 24 | $0.04 | $1.86 | ||
| Q3 24 | $0.03 | $1.44 | ||
| Q2 24 | $0.08 | $1.08 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $781.0M | $125.2M |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $1.1B | $2.3B |
| 总资产 | $5.9B | $5.3B |
| 负债/权益比越低杠杆越低 | — | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资BGCFCFS
| Q1 26 | $781.0M | — | ||
| Q4 25 | $851.5M | $125.2M | ||
| Q3 25 | $774.9M | $130.2M | ||
| Q2 25 | $827.8M | $101.5M | ||
| Q1 25 | $966.4M | $146.0M | ||
| Q4 24 | $711.6M | $175.1M | ||
| Q3 24 | $563.5M | $106.3M | ||
| Q2 24 | $571.7M | $113.7M |
总债务BGCFCFS
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.4B | $1.7B |
股东权益BGCFCFS
| Q1 26 | $1.1B | — | ||
| Q4 25 | $972.5M | $2.3B | ||
| Q3 25 | $965.3M | $2.2B | ||
| Q2 25 | $930.5M | $2.1B | ||
| Q1 25 | $963.8M | $2.1B | ||
| Q4 24 | $898.5M | $2.1B | ||
| Q3 24 | $860.1M | $2.0B | ||
| Q2 24 | $858.1M | $2.0B |
总资产BGCFCFS
| Q1 26 | $5.9B | — | ||
| Q4 25 | $4.4B | $5.3B | ||
| Q3 25 | $5.8B | $5.2B | ||
| Q2 25 | $4.9B | $4.5B | ||
| Q1 25 | $4.9B | $4.4B | ||
| Q4 24 | $3.6B | $4.5B | ||
| Q3 24 | $4.4B | $4.4B | ||
| Q2 24 | $4.3B | $4.3B |
负债/权益比BGCFCFS
| Q1 26 | — | — | ||
| Q4 25 | 1.58× | 0.98× | ||
| Q3 25 | 1.90× | 1.01× | ||
| Q2 25 | 1.97× | 0.79× | ||
| Q1 25 | 1.19× | 0.83× | ||
| Q4 24 | 1.27× | 0.85× | ||
| Q3 24 | 1.68× | 0.87× | ||
| Q2 24 | 1.68× | 0.85× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $206.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.98× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BGCFCFS
| Q1 26 | — | — | ||
| Q4 25 | $180.4M | $206.6M | ||
| Q3 25 | $141.9M | $135.8M | ||
| Q2 25 | $71.2M | $116.9M | ||
| Q1 25 | $839.0K | $126.6M | ||
| Q4 24 | $251.9M | $198.1M | ||
| Q3 24 | $88.3M | $113.1M | ||
| Q2 24 | $-53.0M | $106.2M |
自由现金流BGCFCFS
| Q1 26 | — | — | ||
| Q4 25 | $175.1M | — | ||
| Q3 25 | $137.2M | — | ||
| Q2 25 | $65.0M | — | ||
| Q1 25 | $-4.4M | — | ||
| Q4 24 | $245.6M | — | ||
| Q3 24 | $78.8M | — | ||
| Q2 24 | $-63.5M | — |
自由现金流率BGCFCFS
| Q1 26 | — | — | ||
| Q4 25 | 27.4% | — | ||
| Q3 25 | 22.1% | — | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | -0.8% | — | ||
| Q4 24 | 51.7% | — | ||
| Q3 24 | 17.5% | — | ||
| Q2 24 | -14.6% | — |
资本支出强度BGCFCFS
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 2.4% | — |
现金转化率BGCFCFS
| Q1 26 | — | — | ||
| Q4 25 | 12.55× | 1.98× | ||
| Q3 25 | 5.09× | 1.64× | ||
| Q2 25 | 1.24× | 1.95× | ||
| Q1 25 | 0.02× | 1.51× | ||
| Q4 24 | 9.99× | 2.37× | ||
| Q3 24 | 5.99× | 1.74× | ||
| Q2 24 | -1.40× | 2.16× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BGC
| Commissions | $752.9M | 79% |
| Principal transactions | $142.9M | 15% |
| Data, network and post-trade | $34.5M | 4% |
| Other revenues | $10.3M | 1% |
| Fees from related parties | $4.3M | 0% |
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
