vs
FirstCash Holdings, Inc.（FCFS）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
FirstCash Holdings, Inc.的季度营收约是Forestar Group Inc.的1.8倍（$501.3M vs $273.0M），FirstCash Holdings, Inc.净利率更高（20.8% vs 5.6%，领先15.1%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 9.0%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs -9.6%）
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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
FCFS vs FOR — 直观对比
营收规模更大
FCFS
是对方的1.8倍
$273.0M
营收增速更快
FCFS
高出12.1%
9.0%
净利率更高
FCFS
高出15.1%
5.6%
两年增速更快
FCFS
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $273.0M |
| 净利润 | $104.2M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | 28.5% | 7.6% |
| 净利率 | 20.8% | 5.6% |
| 营收同比 | 21.2% | 9.0% |
| 净利润同比 | 24.7% | -6.7% |
| 每股收益（稀释后） | $2.35 | $0.30 |
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FCFSFOR
| Q4 25 | $501.3M | $273.0M | ||
| Q3 25 | $411.0M | $670.5M | ||
| Q2 25 | $385.1M | $390.5M | ||
| Q1 25 | $371.1M | $351.0M | ||
| Q4 24 | $413.7M | $250.4M | ||
| Q3 24 | $363.1M | $551.3M | ||
| Q2 24 | $363.5M | $318.4M | ||
| Q1 24 | $366.8M | $333.8M |
净利润FCFSFOR
| Q4 25 | $104.2M | $15.4M | ||
| Q3 25 | $82.8M | $86.9M | ||
| Q2 25 | $59.8M | $32.9M | ||
| Q1 25 | $83.6M | $31.6M | ||
| Q4 24 | $83.5M | $16.5M | ||
| Q3 24 | $64.8M | $81.5M | ||
| Q2 24 | $49.1M | $38.7M | ||
| Q1 24 | $61.4M | $45.0M |
毛利率FCFSFOR
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
营业利润率FCFSFOR
| Q4 25 | 28.5% | 7.6% | ||
| Q3 25 | 27.4% | 16.9% | ||
| Q2 25 | 21.1% | 11.2% | ||
| Q1 25 | 30.0% | 11.6% | ||
| Q4 24 | 26.5% | 8.7% | ||
| Q3 24 | 23.5% | 19.7% | ||
| Q2 24 | 18.2% | 16.2% | ||
| Q1 24 | 22.3% | 17.6% |
净利率FCFSFOR
| Q4 25 | 20.8% | 5.6% | ||
| Q3 25 | 20.1% | 13.0% | ||
| Q2 25 | 15.5% | 8.4% | ||
| Q1 25 | 22.5% | 9.0% | ||
| Q4 24 | 20.2% | 6.6% | ||
| Q3 24 | 17.9% | 14.8% | ||
| Q2 24 | 13.5% | 12.2% | ||
| Q1 24 | 16.7% | 13.5% |
每股收益（稀释后）FCFSFOR
| Q4 25 | $2.35 | $0.30 | ||
| Q3 25 | $1.86 | $1.70 | ||
| Q2 25 | $1.34 | $0.65 | ||
| Q1 25 | $1.87 | $0.62 | ||
| Q4 24 | $1.86 | $0.32 | ||
| Q3 24 | $1.44 | $1.59 | ||
| Q2 24 | $1.08 | $0.76 | ||
| Q1 24 | $1.35 | $0.89 |
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 | $125.2M | $211.7M |
| 总债务越低越好 | $2.2B | $793.2M |
| 股东权益账面价值 | $2.3B | $1.8B |
| 总资产 | $5.3B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资FCFSFOR
| Q4 25 | $125.2M | $211.7M | ||
| Q3 25 | $130.2M | $379.2M | ||
| Q2 25 | $101.5M | $189.2M | ||
| Q1 25 | $146.0M | $174.3M | ||
| Q4 24 | $175.1M | $132.0M | ||
| Q3 24 | $106.3M | $481.2M | ||
| Q2 24 | $113.7M | $359.2M | ||
| Q1 24 | $135.1M | $416.2M |
总债务FCFSFOR
| Q4 25 | $2.2B | $793.2M | ||
| Q3 25 | $2.2B | $802.7M | ||
| Q2 25 | $1.7B | $872.8M | ||
| Q1 25 | $1.7B | $872.5M | ||
| Q4 24 | $1.7B | $806.8M | ||
| Q3 24 | $1.7B | $706.4M | ||
| Q2 24 | $1.7B | $706.1M | ||
| Q1 24 | $1.5B | $705.7M |
股东权益FCFSFOR
| Q4 25 | $2.3B | $1.8B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.1B | $1.6B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $2.0B | $1.5B | ||
| Q1 24 | $2.0B | $1.5B |
总资产FCFSFOR
| Q4 25 | $5.3B | $3.2B | ||
| Q3 25 | $5.2B | $3.1B | ||
| Q2 25 | $4.5B | $3.1B | ||
| Q1 25 | $4.4B | $3.0B | ||
| Q4 24 | $4.5B | $3.0B | ||
| Q3 24 | $4.4B | $2.8B | ||
| Q2 24 | $4.3B | $2.7B | ||
| Q1 24 | $4.2B | $2.6B |
负债/权益比FCFSFOR
| Q4 25 | 0.98× | 0.44× | ||
| Q3 25 | 1.01× | 0.45× | ||
| Q2 25 | 0.79× | 0.52× | ||
| Q1 25 | 0.83× | 0.53× | ||
| Q4 24 | 0.85× | 0.50× | ||
| Q3 24 | 0.87× | 0.44× | ||
| Q2 24 | 0.85× | 0.47× | ||
| Q1 24 | 0.75× | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-157.1M |
| 自由现金流率自由现金流/营收 | — | -57.5% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | 1.98× | -10.19× |
| 过去12个月自由现金流最近4个季度 | — | $93.0M |
8季度趋势，按日历期对齐
经营现金流FCFSFOR
| Q4 25 | $206.6M | $-157.0M | ||
| Q3 25 | $135.8M | $256.3M | ||
| Q2 25 | $116.9M | $15.8M | ||
| Q1 25 | $126.6M | $-19.8M | ||
| Q4 24 | $198.1M | $-450.0M | ||
| Q3 24 | $113.1M | $119.2M | ||
| Q2 24 | $106.2M | $-61.7M | ||
| Q1 24 | $122.5M | $-59.2M |
自由现金流FCFSFOR
| Q4 25 | — | $-157.1M | ||
| Q3 25 | — | $255.6M | ||
| Q2 25 | — | $15.0M | ||
| Q1 25 | — | $-20.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | $-62.3M | ||
| Q1 24 | — | $-59.8M |
自由现金流率FCFSFOR
| Q4 25 | — | -57.5% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | -19.6% | ||
| Q1 24 | — | -17.9% |
资本支出强度FCFSFOR
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.2% |
现金转化率FCFSFOR
| Q4 25 | 1.98× | -10.19× | ||
| Q3 25 | 1.64× | 2.95× | ||
| Q2 25 | 1.95× | 0.48× | ||
| Q1 25 | 1.51× | -0.63× | ||
| Q4 24 | 2.37× | -27.27× | ||
| Q3 24 | 1.74× | 1.46× | ||
| Q2 24 | 2.16× | -1.59× | ||
| Q1 24 | 2.00× | -1.32× |
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
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
