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FirstCash Holdings, Inc.（FCFS）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是FirstCash Holdings, Inc.的1.6倍（$805.0M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs -5.9%，领先26.7%），摩丁制造同比增速更快（30.5% vs 21.2%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 15.5%）
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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
FCFS vs MOD — 直观对比
营收规模更大
MOD
是对方的1.6倍
$501.3M
营收增速更快
MOD
高出9.3%
21.2%
净利率更高
FCFS
高出26.7%
-5.9%
两年增速更快
FCFS
近两年复合增速
15.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $805.0M |
| 净利润 | $104.2M | $-47.4M |
| 毛利率 | — | 23.1% |
| 营业利润率 | 28.5% | 11.1% |
| 净利率 | 20.8% | -5.9% |
| 营收同比 | 21.2% | 30.5% |
| 净利润同比 | 24.7% | -215.6% |
| 每股收益（稀释后） | $2.35 | $-0.90 |
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FCFSMOD
| Q4 25 | $501.3M | $805.0M | ||
| Q3 25 | $411.0M | $738.9M | ||
| Q2 25 | $385.1M | $682.8M | ||
| Q1 25 | $371.1M | $647.2M | ||
| Q4 24 | $413.7M | $616.8M | ||
| Q3 24 | $363.1M | $658.0M | ||
| Q2 24 | $363.5M | $661.5M | ||
| Q1 24 | $366.8M | $603.5M |
净利润FCFSMOD
| Q4 25 | $104.2M | $-47.4M | ||
| Q3 25 | $82.8M | $44.4M | ||
| Q2 25 | $59.8M | $51.2M | ||
| Q1 25 | $83.6M | $49.6M | ||
| Q4 24 | $83.5M | $41.0M | ||
| Q3 24 | $64.8M | $46.1M | ||
| Q2 24 | $49.1M | $47.3M | ||
| Q1 24 | $61.4M | $25.8M |
毛利率FCFSMOD
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% | ||
| Q1 24 | — | 22.4% |
营业利润率FCFSMOD
| Q4 25 | 28.5% | 11.1% | ||
| Q3 25 | 27.4% | 9.9% | ||
| Q2 25 | 21.1% | 11.1% | ||
| Q1 25 | 30.0% | 11.5% | ||
| Q4 24 | 26.5% | 9.6% | ||
| Q3 24 | 23.5% | 11.4% | ||
| Q2 24 | 18.2% | 11.2% | ||
| Q1 24 | 22.3% | 7.8% |
净利率FCFSMOD
| Q4 25 | 20.8% | -5.9% | ||
| Q3 25 | 20.1% | 6.0% | ||
| Q2 25 | 15.5% | 7.5% | ||
| Q1 25 | 22.5% | 7.7% | ||
| Q4 24 | 20.2% | 6.6% | ||
| Q3 24 | 17.9% | 7.0% | ||
| Q2 24 | 13.5% | 7.2% | ||
| Q1 24 | 16.7% | 4.3% |
每股收益（稀释后）FCFSMOD
| Q4 25 | $2.35 | $-0.90 | ||
| Q3 25 | $1.86 | $0.83 | ||
| Q2 25 | $1.34 | $0.95 | ||
| Q1 25 | $1.87 | $0.92 | ||
| Q4 24 | $1.86 | $0.76 | ||
| Q3 24 | $1.44 | $0.86 | ||
| Q2 24 | $1.08 | $0.88 | ||
| Q1 24 | $1.35 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | $2.2B | $570.7M |
| 股东权益账面价值 | $2.3B | $1.1B |
| 总资产 | $5.3B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资FCFSMOD
| Q4 25 | $125.2M | $98.7M | ||
| Q3 25 | $130.2M | $83.8M | ||
| Q2 25 | $101.5M | $124.5M | ||
| Q1 25 | $146.0M | $71.6M | ||
| Q4 24 | $175.1M | $83.8M | ||
| Q3 24 | $106.3M | $78.6M | ||
| Q2 24 | $113.7M | $72.9M | ||
| Q1 24 | $135.1M | $60.1M |
总债务FCFSMOD
| Q4 25 | $2.2B | $570.7M | ||
| Q3 25 | $2.2B | $525.8M | ||
| Q2 25 | $1.7B | $482.1M | ||
| Q1 25 | $1.7B | $296.7M | ||
| Q4 24 | $1.7B | $330.0M | ||
| Q3 24 | $1.7B | $359.1M | ||
| Q2 24 | $1.7B | $405.7M | ||
| Q1 24 | $1.5B | $399.9M |
股东权益FCFSMOD
| Q4 25 | $2.3B | $1.1B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.1B | $910.2M | ||
| Q4 24 | $2.1B | $855.1M | ||
| Q3 24 | $2.0B | $858.8M | ||
| Q2 24 | $2.0B | $788.4M | ||
| Q1 24 | $2.0B | $747.6M |
总资产FCFSMOD
| Q4 25 | $5.3B | $2.5B | ||
| Q3 25 | $5.2B | $2.4B | ||
| Q2 25 | $4.5B | $2.2B | ||
| Q1 25 | $4.4B | $1.9B | ||
| Q4 24 | $4.5B | $1.8B | ||
| Q3 24 | $4.4B | $1.9B | ||
| Q2 24 | $4.3B | $1.9B | ||
| Q1 24 | $4.2B | $1.9B |
负债/权益比FCFSMOD
| Q4 25 | 0.98× | 0.51× | ||
| Q3 25 | 1.01× | 0.50× | ||
| Q2 25 | 0.79× | 0.48× | ||
| Q1 25 | 0.83× | 0.33× | ||
| Q4 24 | 0.85× | 0.39× | ||
| Q3 24 | 0.87× | 0.42× | ||
| Q2 24 | 0.85× | 0.51× | ||
| Q1 24 | 0.75× | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-17.1M |
| 自由现金流率自由现金流/营收 | — | -2.1% |
| 资本支出强度资本支出/营收 | — | 5.2% |
| 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 | — | $-20.3M |
8季度趋势，按日历期对齐
经营现金流FCFSMOD
| Q4 25 | $206.6M | $24.7M | ||
| Q3 25 | $135.8M | $1.4M | ||
| Q2 25 | $116.9M | $27.7M | ||
| Q1 25 | $126.6M | $54.8M | ||
| Q4 24 | $198.1M | $60.7M | ||
| Q3 24 | $113.1M | $57.3M | ||
| Q2 24 | $106.2M | $40.5M | ||
| Q1 24 | $122.5M | $39.6M |
自由现金流FCFSMOD
| Q4 25 | — | $-17.1M | ||
| Q3 25 | — | $-30.5M | ||
| Q2 25 | — | $200.0K | ||
| Q1 25 | — | $27.1M | ||
| Q4 24 | — | $44.7M | ||
| Q3 24 | — | $43.8M | ||
| Q2 24 | — | $13.7M | ||
| Q1 24 | — | $-4.3M |
自由现金流率FCFSMOD
| Q4 25 | — | -2.1% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | -0.7% |
资本支出强度FCFSMOD
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 7.3% |
现金转化率FCFSMOD
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.64× | 0.03× | ||
| Q2 25 | 1.95× | 0.54× | ||
| Q1 25 | 1.51× | 1.10× | ||
| Q4 24 | 2.37× | 1.48× | ||
| Q3 24 | 1.74× | 1.24× | ||
| Q2 24 | 2.16× | 0.86× | ||
| Q1 24 | 2.00× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
