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FirstCash Holdings, Inc.（FCFS）与MADRIGAL PHARMACEUTICALS, INC.（MDGL）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MADRIGAL PHARMACEUTICALS, INC.的1.6倍（$501.3M vs $321.1M），FirstCash Holdings, Inc.净利率更高（20.8% vs -18.2%，领先39.0%），MADRIGAL PHARMACEUTICALS, INC.同比增速更快（210.8% vs 21.2%）
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。
本公司是一家美国生物制药企业，成立于2002年，专注于研发新型合成胆汁酸类似物，可用于治疗原发性胆汁性胆管炎、非酒精性脂肪肝、肝硬化等慢性肝病，以及胆汁酸性腹泻等肠道疾病。
FCFS vs MDGL — 直观对比
营收规模更大
FCFS
是对方的1.6倍
$321.1M
营收增速更快
MDGL
高出189.6%
21.2%
净利率更高
FCFS
高出39.0%
-18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $321.1M |
| 净利润 | $104.2M | $-58.6M |
| 毛利率 | — | — |
| 营业利润率 | 28.5% | -18.6% |
| 净利率 | 20.8% | -18.2% |
| 营收同比 | 21.2% | 210.8% |
| 净利润同比 | 24.7% | 1.4% |
| 每股收益（稀释后） | $2.35 | $-2.55 |
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FCFSMDGL
| Q4 25 | $501.3M | $321.1M | ||
| Q3 25 | $411.0M | $287.3M | ||
| Q2 25 | $385.1M | $212.8M | ||
| Q1 25 | $371.1M | $137.3M | ||
| Q4 24 | $413.7M | $103.3M | ||
| Q3 24 | $363.1M | $62.2M | ||
| Q2 24 | $363.5M | — | ||
| Q1 24 | $366.8M | $0 |
净利润FCFSMDGL
| Q4 25 | $104.2M | $-58.6M | ||
| Q3 25 | $82.8M | $-114.2M | ||
| Q2 25 | $59.8M | $-42.3M | ||
| Q1 25 | $83.6M | $-73.2M | ||
| Q4 24 | $83.5M | $-59.4M | ||
| Q3 24 | $64.8M | $-107.0M | ||
| Q2 24 | $49.1M | — | ||
| Q1 24 | $61.4M | $-147.5M |
毛利率FCFSMDGL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 96.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率FCFSMDGL
| Q4 25 | 28.5% | -18.6% | ||
| Q3 25 | 27.4% | -39.7% | ||
| Q2 25 | 21.1% | -22.2% | ||
| Q1 25 | 30.0% | -57.8% | ||
| Q4 24 | 26.5% | -64.8% | ||
| Q3 24 | 23.5% | -187.1% | ||
| Q2 24 | 18.2% | — | ||
| Q1 24 | 22.3% | — |
净利率FCFSMDGL
| Q4 25 | 20.8% | -18.2% | ||
| Q3 25 | 20.1% | -39.8% | ||
| Q2 25 | 15.5% | -19.9% | ||
| Q1 25 | 22.5% | -53.4% | ||
| Q4 24 | 20.2% | -57.5% | ||
| Q3 24 | 17.9% | -172.0% | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 16.7% | — |
每股收益（稀释后）FCFSMDGL
| Q4 25 | $2.35 | $-2.55 | ||
| Q3 25 | $1.86 | $-5.08 | ||
| Q2 25 | $1.34 | $-1.90 | ||
| Q1 25 | $1.87 | $-3.32 | ||
| Q4 24 | $1.86 | $-2.50 | ||
| Q3 24 | $1.44 | $-4.92 | ||
| Q2 24 | $1.08 | — | ||
| Q1 24 | $1.35 | $-7.38 |
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 | $198.7M |
| 总债务越低越好 | $2.2B | $339.9M |
| 股东权益账面价值 | $2.3B | $602.7M |
| 总资产 | $5.3B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资FCFSMDGL
| Q4 25 | $125.2M | $198.7M | ||
| Q3 25 | $130.2M | $295.7M | ||
| Q2 25 | $101.5M | $186.2M | ||
| Q1 25 | $146.0M | $183.6M | ||
| Q4 24 | $175.1M | $100.0M | ||
| Q3 24 | $106.3M | $232.7M | ||
| Q2 24 | $113.7M | — | ||
| Q1 24 | $135.1M | $622.5M |
总债务FCFSMDGL
| Q4 25 | $2.2B | $339.9M | ||
| Q3 25 | $2.2B | $339.8M | ||
| Q2 25 | $1.7B | $118.4M | ||
| Q1 25 | $1.7B | $118.0M | ||
| Q4 24 | $1.7B | $117.6M | ||
| Q3 24 | $1.7B | $117.1M | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.5B | $116.1M |
股东权益FCFSMDGL
| Q4 25 | $2.3B | $602.7M | ||
| Q3 25 | $2.2B | $625.7M | ||
| Q2 25 | $2.1B | $696.0M | ||
| Q1 25 | $2.1B | $710.6M | ||
| Q4 24 | $2.1B | $754.4M | ||
| Q3 24 | $2.0B | $777.2M | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | $850.8M |
总资产FCFSMDGL
| Q4 25 | $5.3B | $1.3B | ||
| Q3 25 | $5.2B | $1.4B | ||
| Q2 25 | $4.5B | $1.0B | ||
| Q1 25 | $4.4B | $996.6M | ||
| Q4 24 | $4.5B | $1.0B | ||
| Q3 24 | $4.4B | $1.1B | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.2B | $1.1B |
负债/权益比FCFSMDGL
| Q4 25 | 0.98× | 0.56× | ||
| Q3 25 | 1.01× | 0.54× | ||
| Q2 25 | 0.79× | 0.17× | ||
| Q1 25 | 0.83× | 0.17× | ||
| Q4 24 | 0.85× | 0.16× | ||
| Q3 24 | 0.87× | 0.15× | ||
| Q2 24 | 0.85× | — | ||
| Q1 24 | 0.75× | 0.14× |
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 | $-133.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-133.8M |
| 自由现金流率自由现金流/营收 | — | -41.7% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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FCFSMDGL
| Q4 25 | $206.6M | $-133.5M | ||
| Q3 25 | $135.8M | $79.8M | ||
| Q2 25 | $116.9M | $-47.1M | ||
| Q1 25 | $126.6M | $-88.9M | ||
| Q4 24 | $198.1M | $-104.5M | ||
| Q3 24 | $113.1M | $-67.0M | ||
| Q2 24 | $106.2M | — | ||
| Q1 24 | $122.5M | $-149.2M |
自由现金流FCFSMDGL
| Q4 25 | — | $-133.8M | ||
| Q3 25 | — | $79.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-104.7M | ||
| Q3 24 | — | $-67.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-149.5M |
自由现金流率FCFSMDGL
| Q4 25 | — | -41.7% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -101.3% | ||
| Q3 24 | — | -109.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度FCFSMDGL
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率FCFSMDGL
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 2.37× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.16× | — | ||
| Q1 24 | 2.00× | — |
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% |
MDGL
| Rebates Customer Fees Credits Co Pay Assistance And Other | $208.5M | 65% |
| Other | $76.0M | 24% |
| Chargebacks Discounts For Prompt Pay And Other Allowances | $36.6M | 11% |
