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FirstCash Holdings, Inc.（FCFS）与哈雷戴维森（HOG）财务数据对比。点击上方公司名可切换其他公司
FirstCash Holdings, Inc.的季度营收约是哈雷戴维森的1.3倍（$501.3M vs $390.5M），FirstCash Holdings, Inc.净利率更高（20.8% vs -72.3%，领先93.1%），FirstCash Holdings, Inc.同比增速更快（21.2% vs -9.4%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs -48.6%）
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。
哈雷戴维森是源自美国的摩托车制造商与生活方式品牌，总部位于威斯康星州密尔沃基，创立于1903年。它是大萧条时期幸存下来的两大美国摩托车厂商之一，历经多次股权变动、子公司调整、经营困境与全球竞争，如今已是全球知名的标志性品牌。
FCFS vs HOG — 直观对比
营收规模更大
FCFS
是对方的1.3倍
$390.5M
营收增速更快
FCFS
高出30.5%
-9.4%
净利率更高
FCFS
高出93.1%
-72.3%
两年增速更快
FCFS
近两年复合增速
-48.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $390.5M |
| 净利润 | $104.2M | $-282.6M |
| 毛利率 | — | -7.9% |
| 营业利润率 | 28.5% | -92.4% |
| 净利率 | 20.8% | -72.3% |
| 营收同比 | 21.2% | -9.4% |
| 净利润同比 | 24.7% | -138.6% |
| 每股收益（稀释后） | $2.35 | $-2.27 |
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FCFSHOG
| Q4 25 | $501.3M | $390.5M | ||
| Q3 25 | $411.0M | $1.1B | ||
| Q2 25 | $385.1M | $1.0B | ||
| Q1 25 | $371.1M | $1.1B | ||
| Q4 24 | $413.7M | $430.9M | ||
| Q3 24 | $363.1M | $881.2M | ||
| Q2 24 | $363.5M | $1.4B | ||
| Q1 24 | $366.8M | $1.5B |
净利润FCFSHOG
| Q4 25 | $104.2M | $-282.6M | ||
| Q3 25 | $82.8M | $377.4M | ||
| Q2 25 | $59.8M | $107.6M | ||
| Q1 25 | $83.6M | $133.1M | ||
| Q4 24 | $83.5M | $-118.4M | ||
| Q3 24 | $64.8M | $119.0M | ||
| Q2 24 | $49.1M | $218.3M | ||
| Q1 24 | $61.4M | $234.9M |
毛利率FCFSHOG
| Q4 25 | — | -7.9% | ||
| Q3 25 | — | 26.0% | ||
| Q2 25 | — | 28.5% | ||
| Q1 25 | — | 28.9% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | 31.8% | ||
| Q1 24 | — | 30.9% |
营业利润率FCFSHOG
| Q4 25 | 28.5% | -92.4% | ||
| Q3 25 | 27.4% | 44.0% | ||
| Q2 25 | 21.1% | 10.7% | ||
| Q1 25 | 30.0% | 14.8% | ||
| Q4 24 | 26.5% | -44.9% | ||
| Q3 24 | 23.5% | 12.0% | ||
| Q2 24 | 18.2% | 17.8% | ||
| Q1 24 | 22.3% | 17.8% |
净利率FCFSHOG
| Q4 25 | 20.8% | -72.3% | ||
| Q3 25 | 20.1% | 35.0% | ||
| Q2 25 | 15.5% | 10.2% | ||
| Q1 25 | 22.5% | 12.3% | ||
| Q4 24 | 20.2% | -27.5% | ||
| Q3 24 | 17.9% | 13.5% | ||
| Q2 24 | 13.5% | 16.1% | ||
| Q1 24 | 16.7% | 15.9% |
每股收益（稀释后）FCFSHOG
| Q4 25 | $2.35 | $-2.27 | ||
| Q3 25 | $1.86 | $3.10 | ||
| Q2 25 | $1.34 | $0.88 | ||
| Q1 25 | $1.87 | $1.07 | ||
| Q4 24 | $1.86 | $-0.82 | ||
| Q3 24 | $1.44 | $0.91 | ||
| Q2 24 | $1.08 | $1.63 | ||
| Q1 24 | $1.35 | $1.72 |
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 | $3.1B |
| 总债务越低越好 | $2.2B | $2.5B |
| 股东权益账面价值 | $2.3B | $3.1B |
| 总资产 | $5.3B | $8.0B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资FCFSHOG
| Q4 25 | $125.2M | $3.1B | ||
| Q3 25 | $130.2M | $1.8B | ||
| Q2 25 | $101.5M | $1.6B | ||
| Q1 25 | $146.0M | $1.9B | ||
| Q4 24 | $175.1M | $1.6B | ||
| Q3 24 | $106.3M | $2.2B | ||
| Q2 24 | $113.7M | $1.8B | ||
| Q1 24 | $135.1M | $1.5B |
总债务FCFSHOG
| Q4 25 | $2.2B | $2.5B | ||
| Q3 25 | $2.2B | $4.5B | ||
| Q2 25 | $1.7B | $6.4B | ||
| Q1 25 | $1.7B | $6.8B | ||
| Q4 24 | $1.7B | $6.3B | ||
| Q3 24 | $1.7B | $7.3B | ||
| Q2 24 | $1.7B | $7.0B | ||
| Q1 24 | $1.5B | $6.3B |
股东权益FCFSHOG
| Q4 25 | $2.3B | $3.1B | ||
| Q3 25 | $2.2B | $3.6B | ||
| Q2 25 | $2.1B | $3.3B | ||
| Q1 25 | $2.1B | $3.2B | ||
| Q4 24 | $2.1B | $3.2B | ||
| Q3 24 | $2.0B | $3.4B | ||
| Q2 24 | $2.0B | $3.4B | ||
| Q1 24 | $2.0B | $3.3B |
总资产FCFSHOG
| Q4 25 | $5.3B | $8.0B | ||
| Q3 25 | $5.2B | $10.6B | ||
| Q2 25 | $4.5B | $12.1B | ||
| Q1 25 | $4.4B | $12.4B | ||
| Q4 24 | $4.5B | $11.9B | ||
| Q3 24 | $4.4B | $13.0B | ||
| Q2 24 | $4.3B | $12.8B | ||
| Q1 24 | $4.2B | $12.3B |
负债/权益比FCFSHOG
| Q4 25 | 0.98× | 0.79× | ||
| Q3 25 | 1.01× | 1.25× | ||
| Q2 25 | 0.79× | 1.91× | ||
| Q1 25 | 0.83× | 2.14× | ||
| Q4 24 | 0.85× | 2.00× | ||
| Q3 24 | 0.87× | 2.13× | ||
| Q2 24 | 0.85× | 2.03× | ||
| Q1 24 | 0.75× | 1.88× |
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 | $152.0M |
| 自由现金流经营现金流 - 资本支出 | — | $100.4M |
| 自由现金流率自由现金流/营收 | — | 25.7% |
| 资本支出强度资本支出/营收 | — | 13.2% |
| 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 | — | $415.2M |
8季度趋势，按日历期对齐
经营现金流FCFSHOG
| Q4 25 | $206.6M | $152.0M | ||
| Q3 25 | $135.8M | $-92.6M | ||
| Q2 25 | $116.9M | $368.0M | ||
| Q1 25 | $126.6M | $141.5M | ||
| Q4 24 | $198.1M | $133.2M | ||
| Q3 24 | $113.1M | $353.0M | ||
| Q2 24 | $106.2M | $473.6M | ||
| Q1 24 | $122.5M | $104.0M |
自由现金流FCFSHOG
| Q4 25 | — | $100.4M | ||
| Q3 25 | — | $-129.1M | ||
| Q2 25 | — | $332.4M | ||
| Q1 25 | — | $111.6M | ||
| Q4 24 | — | $77.0M | ||
| Q3 24 | — | $300.4M | ||
| Q2 24 | — | $432.2M | ||
| Q1 24 | — | $57.6M |
自由现金流率FCFSHOG
| Q4 25 | — | 25.7% | ||
| Q3 25 | — | -12.0% | ||
| Q2 25 | — | 31.7% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | — | 34.1% | ||
| Q2 24 | — | 31.9% | ||
| Q1 24 | — | 3.9% |
资本支出强度FCFSHOG
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 3.1% |
现金转化率FCFSHOG
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.64× | -0.25× | ||
| Q2 25 | 1.95× | 3.42× | ||
| Q1 25 | 1.51× | 1.06× | ||
| Q4 24 | 2.37× | — | ||
| Q3 24 | 1.74× | 2.97× | ||
| Q2 24 | 2.16× | 2.17× | ||
| Q1 24 | 2.00× | 0.44× |
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% |
HOG
| Motorcycles | $193.9M | 50% |
| Other | $63.8M | 16% |
| Other Income Financial Services | $59.8M | 15% |
| Apparel | $47.2M | 12% |
| Livewire Segment | $11.4M | 3% |
