vs
CrossAmerica Partners LP（CAPL）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
CrossAmerica Partners LP的季度营收约是FirstCash Holdings, Inc.的1.7倍（$866.3M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs 1.2%，领先19.6%），FirstCash Holdings, Inc.同比增速更快（21.2% vs -8.3%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
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。
CAPL vs FCFS — 直观对比
营收规模更大
CAPL
是对方的1.7倍
$501.3M
营收增速更快
FCFS
高出29.4%
-8.3%
净利率更高
FCFS
高出19.6%
1.2%
两年增速更快
FCFS
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $501.3M |
| 净利润 | $10.2M | $104.2M |
| 毛利率 | 12.4% | — |
| 营业利润率 | 3.0% | 28.5% |
| 净利率 | 1.2% | 20.8% |
| 营收同比 | -8.3% | 21.2% |
| 净利润同比 | -39.6% | 24.7% |
| 每股收益（稀释后） | $0.24 | $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CAPLFCFS
| Q4 25 | $866.3M | $501.3M | ||
| Q3 25 | $971.8M | $411.0M | ||
| Q2 25 | $961.9M | $385.1M | ||
| Q1 25 | $862.5M | $371.1M | ||
| Q4 24 | $944.2M | $413.7M | ||
| Q3 24 | $1.1B | $363.1M | ||
| Q2 24 | $1.1B | $363.5M | ||
| Q1 24 | $941.5M | $366.8M |
净利润CAPLFCFS
| Q4 25 | $10.2M | $104.2M | ||
| Q3 25 | $13.6M | $82.8M | ||
| Q2 25 | $25.2M | $59.8M | ||
| Q1 25 | $-7.1M | $83.6M | ||
| Q4 24 | $16.9M | $83.5M | ||
| Q3 24 | $10.7M | $64.8M | ||
| Q2 24 | $12.4M | $49.1M | ||
| Q1 24 | $-17.5M | $61.4M |
毛利率CAPLFCFS
| Q4 25 | 12.4% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 8.6% | — |
营业利润率CAPLFCFS
| Q4 25 | 3.0% | 28.5% | ||
| Q3 25 | 2.9% | 27.4% | ||
| Q2 25 | 4.3% | 21.1% | ||
| Q1 25 | 0.2% | 30.0% | ||
| Q4 24 | 3.0% | 26.5% | ||
| Q3 24 | 2.5% | 23.5% | ||
| Q2 24 | 2.5% | 18.2% | ||
| Q1 24 | -1.4% | 22.3% |
净利率CAPLFCFS
| Q4 25 | 1.2% | 20.8% | ||
| Q3 25 | 1.4% | 20.1% | ||
| Q2 25 | 2.6% | 15.5% | ||
| Q1 25 | -0.8% | 22.5% | ||
| Q4 24 | 1.8% | 20.2% | ||
| Q3 24 | 1.0% | 17.9% | ||
| Q2 24 | 1.1% | 13.5% | ||
| Q1 24 | -1.9% | 16.7% |
每股收益（稀释后）CAPLFCFS
| Q4 25 | $0.24 | $2.35 | ||
| Q3 25 | $0.34 | $1.86 | ||
| Q2 25 | $0.64 | $1.34 | ||
| Q1 25 | $-0.20 | $1.87 | ||
| Q4 24 | $0.42 | $1.86 | ||
| Q3 24 | $0.27 | $1.44 | ||
| Q2 24 | $0.31 | $1.08 | ||
| Q1 24 | $-0.48 | $1.35 |
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 | $3.1M | $125.2M |
| 总债务越低越好 | $687.2M | $2.2B |
| 股东权益账面价值 | — | $2.3B |
| 总资产 | $964.7M | $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CAPLFCFS
| Q4 25 | $3.1M | $125.2M | ||
| Q3 25 | $5.8M | $130.2M | ||
| Q2 25 | $9.7M | $101.5M | ||
| Q1 25 | $6.7M | $146.0M | ||
| Q4 24 | $3.4M | $175.1M | ||
| Q3 24 | $7.8M | $106.3M | ||
| Q2 24 | $5.5M | $113.7M | ||
| Q1 24 | $6.3M | $135.1M |
总债务CAPLFCFS
| Q4 25 | $687.2M | $2.2B | ||
| Q3 25 | $700.8M | $2.2B | ||
| Q2 25 | $722.7M | $1.7B | ||
| Q1 25 | $774.1M | $1.7B | ||
| Q4 24 | $763.9M | $1.7B | ||
| Q3 24 | $769.2M | $1.7B | ||
| Q2 24 | $786.7M | $1.7B | ||
| Q1 24 | $795.8M | $1.5B |
股东权益CAPLFCFS
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B |
总资产CAPLFCFS
| Q4 25 | $964.7M | $5.3B | ||
| Q3 25 | $998.9M | $5.2B | ||
| Q2 25 | $1.0B | $4.5B | ||
| Q1 25 | $1.1B | $4.4B | ||
| Q4 24 | $1.1B | $4.5B | ||
| Q3 24 | $1.1B | $4.4B | ||
| Q2 24 | $1.2B | $4.3B | ||
| Q1 24 | $1.2B | $4.2B |
负债/权益比CAPLFCFS
| 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× |
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 | $29.4M | $206.6M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | — |
| 自由现金流率自由现金流/营收 | 2.6% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 2.89× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $55.8M | — |
8季度趋势，按日历期对齐
经营现金流CAPLFCFS
| Q4 25 | $29.4M | $206.6M | ||
| Q3 25 | $24.4M | $135.8M | ||
| Q2 25 | $22.6M | $116.9M | ||
| Q1 25 | $15.0M | $126.6M | ||
| Q4 24 | $11.1M | $198.1M | ||
| Q3 24 | $41.9M | $113.1M | ||
| Q2 24 | $28.9M | $106.2M | ||
| Q1 24 | $5.8M | $122.5M |
自由现金流CAPLFCFS
| Q4 25 | $22.4M | — | ||
| Q3 25 | $17.7M | — | ||
| Q2 25 | $10.8M | — | ||
| Q1 25 | $4.9M | — | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $34.2M | — | ||
| Q2 24 | $23.6M | — | ||
| Q1 24 | $-289.0K | — |
自由现金流率CAPLFCFS
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.0% | — |
资本支出强度CAPLFCFS
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.6% | — |
现金转化率CAPLFCFS
| Q4 25 | 2.89× | 1.98× | ||
| Q3 25 | 1.79× | 1.64× | ||
| Q2 25 | 0.90× | 1.95× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | 0.66× | 2.37× | ||
| Q3 24 | 3.92× | 1.74× | ||
| Q2 24 | 2.33× | 2.16× | ||
| Q1 24 | — | 2.00× |
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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
