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FirstCash Holdings, Inc.（FCFS）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是FirstCash Holdings, Inc.的1.7倍（$851.9M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs 16.8%，领先4.0%），FirstCash Holdings, Inc.同比增速更快（21.2% vs -4.3%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 8.6%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
FCFS vs MATX — 直观对比
营收规模更大
MATX
是对方的1.7倍
$501.3M
营收增速更快
FCFS
高出25.5%
-4.3%
净利率更高
FCFS
高出4.0%
16.8%
两年增速更快
FCFS
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $851.9M |
| 净利润 | $104.2M | $143.1M |
| 毛利率 | — | — |
| 营业利润率 | 28.5% | 16.9% |
| 净利率 | 20.8% | 16.8% |
| 营收同比 | 21.2% | -4.3% |
| 净利润同比 | 24.7% | 11.8% |
| 每股收益（稀释后） | $2.35 | $4.47 |
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FCFSMATX
| Q4 25 | $501.3M | $851.9M | ||
| Q3 25 | $411.0M | $880.1M | ||
| Q2 25 | $385.1M | $830.5M | ||
| Q1 25 | $371.1M | $782.0M | ||
| Q4 24 | $413.7M | $890.3M | ||
| Q3 24 | $363.1M | $962.0M | ||
| Q2 24 | $363.5M | $847.4M | ||
| Q1 24 | $366.8M | $722.1M |
净利润FCFSMATX
| Q4 25 | $104.2M | $143.1M | ||
| Q3 25 | $82.8M | $134.7M | ||
| Q2 25 | $59.8M | $94.7M | ||
| Q1 25 | $83.6M | $72.3M | ||
| Q4 24 | $83.5M | $128.0M | ||
| Q3 24 | $64.8M | $199.1M | ||
| Q2 24 | $49.1M | $113.2M | ||
| Q1 24 | $61.4M | $36.1M |
营业利润率FCFSMATX
| Q4 25 | 28.5% | 16.9% | ||
| Q3 25 | 27.4% | 18.3% | ||
| Q2 25 | 21.1% | 13.6% | ||
| Q1 25 | 30.0% | 10.5% | ||
| Q4 24 | 26.5% | 16.6% | ||
| Q3 24 | 23.5% | 25.2% | ||
| Q2 24 | 18.2% | 14.7% | ||
| Q1 24 | 22.3% | 5.1% |
净利率FCFSMATX
| Q4 25 | 20.8% | 16.8% | ||
| Q3 25 | 20.1% | 15.3% | ||
| Q2 25 | 15.5% | 11.4% | ||
| Q1 25 | 22.5% | 9.2% | ||
| Q4 24 | 20.2% | 14.4% | ||
| Q3 24 | 17.9% | 20.7% | ||
| Q2 24 | 13.5% | 13.4% | ||
| Q1 24 | 16.7% | 5.0% |
每股收益（稀释后）FCFSMATX
| Q4 25 | $2.35 | $4.47 | ||
| Q3 25 | $1.86 | $4.24 | ||
| Q2 25 | $1.34 | $2.92 | ||
| Q1 25 | $1.87 | $2.18 | ||
| Q4 24 | $1.86 | $3.69 | ||
| Q3 24 | $1.44 | $5.89 | ||
| Q2 24 | $1.08 | $3.31 | ||
| Q1 24 | $1.35 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | $2.2B | $361.2M |
| 股东权益账面价值 | $2.3B | $2.8B |
| 总资产 | $5.3B | $4.6B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资FCFSMATX
| Q4 25 | $125.2M | $141.9M | ||
| Q3 25 | $130.2M | $92.7M | ||
| Q2 25 | $101.5M | $59.1M | ||
| Q1 25 | $146.0M | $122.0M | ||
| Q4 24 | $175.1M | $266.8M | ||
| Q3 24 | $106.3M | $270.3M | ||
| Q2 24 | $113.7M | $168.2M | ||
| Q1 24 | $135.1M | $25.9M |
总债务FCFSMATX
| Q4 25 | $2.2B | $361.2M | ||
| Q3 25 | $2.2B | $370.9M | ||
| Q2 25 | $1.7B | $341.3M | ||
| Q1 25 | $1.7B | $351.1M | ||
| Q4 24 | $1.7B | $361.2M | ||
| Q3 24 | $1.7B | $370.9M | ||
| Q2 24 | $1.7B | $381.0M | ||
| Q1 24 | $1.5B | $390.8M |
股东权益FCFSMATX
| Q4 25 | $2.3B | $2.8B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $2.1B | $2.7B | ||
| Q3 24 | $2.0B | $2.6B | ||
| Q2 24 | $2.0B | $2.4B | ||
| Q1 24 | $2.0B | $2.4B |
总资产FCFSMATX
| Q4 25 | $5.3B | $4.6B | ||
| Q3 25 | $5.2B | $4.6B | ||
| Q2 25 | $4.5B | $4.5B | ||
| Q1 25 | $4.4B | $4.5B | ||
| Q4 24 | $4.5B | $4.6B | ||
| Q3 24 | $4.4B | $4.4B | ||
| Q2 24 | $4.3B | $4.3B | ||
| Q1 24 | $4.2B | $4.2B |
负债/权益比FCFSMATX
| Q4 25 | 0.98× | 0.13× | ||
| Q3 25 | 1.01× | 0.14× | ||
| Q2 25 | 0.79× | 0.13× | ||
| Q1 25 | 0.83× | 0.13× | ||
| Q4 24 | 0.85× | 0.14× | ||
| Q3 24 | 0.87× | 0.15× | ||
| Q2 24 | 0.85× | 0.16× | ||
| Q1 24 | 0.75× | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | — | $42.2M |
| 自由现金流率自由现金流/营收 | — | 5.0% |
| 资本支出强度资本支出/营收 | — | 15.8% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $153.7M |
8季度趋势，按日历期对齐
经营现金流FCFSMATX
| Q4 25 | $206.6M | $176.9M | ||
| Q3 25 | $135.8M | $175.6M | ||
| Q2 25 | $116.9M | $105.6M | ||
| Q1 25 | $126.6M | $89.0M | ||
| Q4 24 | $198.1M | $174.7M | ||
| Q3 24 | $113.1M | $248.6M | ||
| Q2 24 | $106.2M | $307.9M | ||
| Q1 24 | $122.5M | $36.6M |
自由现金流FCFSMATX
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $92.4M | ||
| Q2 25 | — | $19.3M | ||
| Q1 25 | — | $-200.0K | ||
| Q4 24 | — | $49.3M | ||
| Q3 24 | — | $189.0M | ||
| Q2 24 | — | $238.1M | ||
| Q1 24 | — | $-18.7M |
自由现金流率FCFSMATX
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -0.0% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | — | -2.6% |
资本支出强度FCFSMATX
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 7.7% |
现金转化率FCFSMATX
| Q4 25 | 1.98× | 1.24× | ||
| Q3 25 | 1.64× | 1.30× | ||
| Q2 25 | 1.95× | 1.12× | ||
| Q1 25 | 1.51× | 1.23× | ||
| Q4 24 | 2.37× | 1.36× | ||
| Q3 24 | 1.74× | 1.25× | ||
| Q2 24 | 2.16× | 2.72× | ||
| Q1 24 | 2.00× | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
