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FirstCash Holdings, Inc.（FCFS）与Hilltop Holdings Inc.（HTH）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Hilltop Holdings Inc.的1.7倍（$501.3M vs $300.5M），FirstCash Holdings, Inc.净利率更高（20.8% vs 13.0%，领先7.8%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 0.6%）
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。
Hilltop Holdings Inc.是总部位于美国得克萨斯州达拉斯的金融控股公司，旗下拥有PlainsCapital Bank、PrimeLending与HilltopSecurities三大核心子公司，为客户提供多元金融产品及银行相关服务。
FCFS vs HTH — 直观对比
营收规模更大
FCFS
是对方的1.7倍
$300.5M
净利率更高
FCFS
高出7.8%
13.0%
两年增速更快
FCFS
近两年复合增速
0.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $300.5M |
| 净利润 | $104.2M | $39.0M |
| 毛利率 | — | — |
| 营业利润率 | 28.5% | — |
| 净利率 | 20.8% | 13.0% |
| 营收同比 | 21.2% | — |
| 净利润同比 | 24.7% | -12.4% |
| 每股收益（稀释后） | $2.35 | $0.64 |
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FCFSHTH
| Q1 26 | — | $300.5M | ||
| Q4 25 | $501.3M | $329.9M | ||
| Q3 25 | $411.0M | $330.2M | ||
| Q2 25 | $385.1M | $303.3M | ||
| Q1 25 | $371.1M | $318.5M | ||
| Q4 24 | $413.7M | $301.1M | ||
| Q3 24 | $363.1M | $305.5M | ||
| Q2 24 | $363.5M | $297.0M |
净利润FCFSHTH
| Q1 26 | — | $39.0M | ||
| Q4 25 | $104.2M | $41.6M | ||
| Q3 25 | $82.8M | $45.8M | ||
| Q2 25 | $59.8M | $36.1M | ||
| Q1 25 | $83.6M | $42.1M | ||
| Q4 24 | $83.5M | $35.5M | ||
| Q3 24 | $64.8M | $29.7M | ||
| Q2 24 | $49.1M | $20.3M |
营业利润率FCFSHTH
| Q1 26 | — | — | ||
| Q4 25 | 28.5% | 16.1% | ||
| Q3 25 | 27.4% | 18.4% | ||
| Q2 25 | 21.1% | 16.3% | ||
| Q1 25 | 30.0% | 18.1% | ||
| Q4 24 | 26.5% | 14.7% | ||
| Q3 24 | 23.5% | 13.9% | ||
| Q2 24 | 18.2% | 10.0% |
净利率FCFSHTH
| Q1 26 | — | 13.0% | ||
| Q4 25 | 20.8% | 12.6% | ||
| Q3 25 | 20.1% | 13.9% | ||
| Q2 25 | 15.5% | 11.9% | ||
| Q1 25 | 22.5% | 13.2% | ||
| Q4 24 | 20.2% | 11.8% | ||
| Q3 24 | 17.9% | 9.7% | ||
| Q2 24 | 13.5% | 6.8% |
每股收益（稀释后）FCFSHTH
| Q1 26 | — | $0.64 | ||
| Q4 25 | $2.35 | $0.68 | ||
| Q3 25 | $1.86 | $0.74 | ||
| Q2 25 | $1.34 | $0.57 | ||
| Q1 25 | $1.87 | $0.65 | ||
| Q4 24 | $1.86 | $0.55 | ||
| Q3 24 | $1.44 | $0.46 | ||
| Q2 24 | $1.08 | $0.31 |
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 | — |
| 总债务越低越好 | $2.2B | $990.8M |
| 股东权益账面价值 | $2.3B | $2.2B |
| 总资产 | $5.3B | $15.7B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资FCFSHTH
| Q1 26 | — | — | ||
| Q4 25 | $125.2M | — | ||
| Q3 25 | $130.2M | — | ||
| Q2 25 | $101.5M | — | ||
| Q1 25 | $146.0M | — | ||
| Q4 24 | $175.1M | — | ||
| Q3 24 | $106.3M | — | ||
| Q2 24 | $113.7M | — |
总债务FCFSHTH
| Q1 26 | — | $990.8M | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — |
股东权益FCFSHTH
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.3B | $2.2B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.1B | $2.2B | ||
| Q4 24 | $2.1B | $2.2B | ||
| Q3 24 | $2.0B | $2.2B | ||
| Q2 24 | $2.0B | $2.1B |
总资产FCFSHTH
| Q1 26 | — | $15.7B | ||
| Q4 25 | $5.3B | $15.8B | ||
| Q3 25 | $5.2B | $15.6B | ||
| Q2 25 | $4.5B | $15.4B | ||
| Q1 25 | $4.4B | $15.8B | ||
| Q4 24 | $4.5B | $16.3B | ||
| Q3 24 | $4.4B | $15.9B | ||
| Q2 24 | $4.3B | $15.6B |
负债/权益比FCFSHTH
| Q1 26 | — | 0.46× | ||
| 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× | — |
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FCFSHTH
| Q1 26 | — | — | ||
| Q4 25 | $206.6M | $-38.7M | ||
| Q3 25 | $135.8M | $273.0M | ||
| Q2 25 | $116.9M | $-234.6M | ||
| Q1 25 | $126.6M | $5.8M | ||
| Q4 24 | $198.1M | $273.9M | ||
| Q3 24 | $113.1M | $515.6M | ||
| Q2 24 | $106.2M | $-435.3M |
自由现金流FCFSHTH
| Q1 26 | — | — | ||
| Q4 25 | — | $-55.5M | ||
| Q3 25 | — | $271.0M | ||
| Q2 25 | — | $-234.6M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $266.8M | ||
| Q3 24 | — | $513.8M | ||
| Q2 24 | — | $-437.3M |
自由现金流率FCFSHTH
| Q1 26 | — | — | ||
| Q4 25 | — | -16.8% | ||
| Q3 25 | — | 82.1% | ||
| Q2 25 | — | -77.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 88.6% | ||
| Q3 24 | — | 168.2% | ||
| Q2 24 | — | -147.2% |
资本支出强度FCFSHTH
| Q1 26 | — | — | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.7% |
现金转化率FCFSHTH
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | -0.93× | ||
| Q3 25 | 1.64× | 5.96× | ||
| Q2 25 | 1.95× | -6.50× | ||
| Q1 25 | 1.51× | 0.14× | ||
| Q4 24 | 2.37× | 7.71× | ||
| Q3 24 | 1.74× | 17.36× | ||
| Q2 24 | 2.16× | -21.41× |
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% |
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
