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FirstCash Holdings, Inc.（FCFS）与KADANT INC（KAI）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KADANT INC的1.8倍（$501.3M vs $271.6M），FirstCash Holdings, Inc.净利率更高（20.8% vs 10.2%，领先10.6%），FirstCash Holdings, Inc.同比增速更快（21.2% vs -0.0%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 6.7%）
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。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
FCFS vs KAI — 直观对比
营收规模更大
FCFS
是对方的1.8倍
$271.6M
营收增速更快
FCFS
高出21.2%
-0.0%
净利率更高
FCFS
高出10.6%
10.2%
两年增速更快
FCFS
近两年复合增速
6.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $271.6M |
| 净利润 | $104.2M | $27.7M |
| 毛利率 | — | 45.2% |
| 营业利润率 | 28.5% | 15.7% |
| 净利率 | 20.8% | 10.2% |
| 营收同比 | 21.2% | -0.0% |
| 净利润同比 | 24.7% | -12.2% |
| 每股收益（稀释后） | $2.35 | $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FCFSKAI
| Q4 25 | $501.3M | — | ||
| Q3 25 | $411.0M | $271.6M | ||
| Q2 25 | $385.1M | $255.3M | ||
| Q1 25 | $371.1M | $239.2M | ||
| Q4 24 | $413.7M | $258.0M | ||
| Q3 24 | $363.1M | $271.6M | ||
| Q2 24 | $363.5M | $274.8M | ||
| Q1 24 | $366.8M | $249.0M |
净利润FCFSKAI
| Q4 25 | $104.2M | — | ||
| Q3 25 | $82.8M | $27.7M | ||
| Q2 25 | $59.8M | $26.2M | ||
| Q1 25 | $83.6M | $24.1M | ||
| Q4 24 | $83.5M | $24.0M | ||
| Q3 24 | $64.8M | $31.6M | ||
| Q2 24 | $49.1M | $31.3M | ||
| Q1 24 | $61.4M | $24.7M |
毛利率FCFSKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 45.2% | ||
| Q2 25 | — | 45.9% | ||
| Q1 25 | — | 46.1% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 44.4% | ||
| Q1 24 | — | 44.6% |
营业利润率FCFSKAI
| Q4 25 | 28.5% | — | ||
| Q3 25 | 27.4% | 15.7% | ||
| Q2 25 | 21.1% | 15.4% | ||
| Q1 25 | 30.0% | 14.9% | ||
| Q4 24 | 26.5% | 14.3% | ||
| Q3 24 | 23.5% | 18.0% | ||
| Q2 24 | 18.2% | 17.6% | ||
| Q1 24 | 22.3% | 14.8% |
净利率FCFSKAI
| Q4 25 | 20.8% | — | ||
| Q3 25 | 20.1% | 10.2% | ||
| Q2 25 | 15.5% | 10.2% | ||
| Q1 25 | 22.5% | 10.1% | ||
| Q4 24 | 20.2% | 9.3% | ||
| Q3 24 | 17.9% | 11.6% | ||
| Q2 24 | 13.5% | 11.4% | ||
| Q1 24 | 16.7% | 9.9% |
每股收益（稀释后）FCFSKAI
| Q4 25 | $2.35 | — | ||
| Q3 25 | $1.86 | $2.35 | ||
| Q2 25 | $1.34 | $2.22 | ||
| Q1 25 | $1.87 | $2.04 | ||
| Q4 24 | $1.86 | $2.04 | ||
| Q3 24 | $1.44 | $2.68 | ||
| Q2 24 | $1.08 | $2.66 | ||
| Q1 24 | $1.35 | $2.10 |
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 | $124.5M |
| 总债务越低越好 | $2.2B | $254.6M |
| 股东权益账面价值 | $2.3B | $949.8M |
| 总资产 | $5.3B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资FCFSKAI
| Q4 25 | $125.2M | — | ||
| Q3 25 | $130.2M | $124.5M | ||
| Q2 25 | $101.5M | $95.3M | ||
| Q1 25 | $146.0M | $91.7M | ||
| Q4 24 | $175.1M | $94.7M | ||
| Q3 24 | $106.3M | $88.4M | ||
| Q2 24 | $113.7M | $73.8M | ||
| Q1 24 | $135.1M | $81.4M |
总债务FCFSKAI
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $254.6M | ||
| Q2 25 | $1.7B | $245.7M | ||
| Q1 25 | $1.7B | $273.5M | ||
| Q4 24 | $1.7B | $285.2M | ||
| Q3 24 | $1.7B | $323.2M | ||
| Q2 24 | $1.7B | $342.0M | ||
| Q1 24 | $1.5B | $306.8M |
股东权益FCFSKAI
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $949.8M | ||
| Q2 25 | $2.1B | $926.0M | ||
| Q1 25 | $2.1B | $876.0M | ||
| Q4 24 | $2.1B | $847.1M | ||
| Q3 24 | $2.0B | $851.7M | ||
| Q2 24 | $2.0B | $807.7M | ||
| Q1 24 | $2.0B | $782.7M |
总资产FCFSKAI
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.2B | $1.5B | ||
| Q2 25 | $4.5B | $1.5B | ||
| Q1 25 | $4.4B | $1.4B | ||
| Q4 24 | $4.5B | $1.4B | ||
| Q3 24 | $4.4B | $1.5B | ||
| Q2 24 | $4.3B | $1.5B | ||
| Q1 24 | $4.2B | $1.4B |
负债/权益比FCFSKAI
| Q4 25 | 0.98× | — | ||
| Q3 25 | 1.01× | 0.27× | ||
| Q2 25 | 0.79× | 0.27× | ||
| Q1 25 | 0.83× | 0.31× | ||
| Q4 24 | 0.85× | 0.34× | ||
| Q3 24 | 0.87× | 0.38× | ||
| Q2 24 | 0.85× | 0.42× | ||
| Q1 24 | 0.75× | 0.39× |
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 | $47.3M |
| 自由现金流经营现金流 - 资本支出 | — | $44.1M |
| 自由现金流率自由现金流/营收 | — | 16.2% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.70× |
| 过去12个月自由现金流最近4个季度 | — | $145.9M |
8季度趋势，按日历期对齐
经营现金流FCFSKAI
| Q4 25 | $206.6M | — | ||
| Q3 25 | $135.8M | $47.3M | ||
| Q2 25 | $116.9M | $40.5M | ||
| Q1 25 | $126.6M | $22.8M | ||
| Q4 24 | $198.1M | $51.9M | ||
| Q3 24 | $113.1M | $52.5M | ||
| Q2 24 | $106.2M | $28.1M | ||
| Q1 24 | $122.5M | $22.8M |
自由现金流FCFSKAI
| Q4 25 | — | — | ||
| Q3 25 | — | $44.1M | ||
| Q2 25 | — | $36.5M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | — | $46.3M | ||
| Q3 24 | — | $48.3M | ||
| Q2 24 | — | $23.1M | ||
| Q1 24 | — | $16.6M |
自由现金流率FCFSKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 16.2% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 6.7% |
资本支出强度FCFSKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 2.5% |
现金转化率FCFSKAI
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.64× | 1.70× | ||
| Q2 25 | 1.95× | 1.55× | ||
| Q1 25 | 1.51× | 0.95× | ||
| Q4 24 | 2.37× | 2.16× | ||
| Q3 24 | 1.74× | 1.66× | ||
| Q2 24 | 2.16× | 0.90× | ||
| Q1 24 | 2.00× | 0.92× |
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% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
