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FirstCash Holdings, Inc.（FCFS）与Natural Grocers by Vitamin Cottage, Inc.（NGVC）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Natural Grocers by Vitamin Cottage, Inc.的1.5倍（$501.3M vs $335.6M），FirstCash Holdings, Inc.净利率更高（20.8% vs 3.4%，领先17.4%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 1.6%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 4.4%）
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。
Natural Grocers by Vitamin Cottage, Inc.是美国本土的特色零售连锁企业，主营认证有机食品、膳食补充剂、天然个护及环保家居类产品，面向健康意识较强的消费群体，门店覆盖美国多州，执行严格品控标准，拒绝售卖含人工添加剂的商品。
FCFS vs NGVC — 直观对比
营收规模更大
FCFS
是对方的1.5倍
$335.6M
营收增速更快
FCFS
高出19.6%
1.6%
净利率更高
FCFS
高出17.4%
3.4%
两年增速更快
FCFS
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $335.6M |
| 净利润 | $104.2M | $11.3M |
| 毛利率 | — | 29.5% |
| 营业利润率 | 28.5% | 4.4% |
| 净利率 | 20.8% | 3.4% |
| 营收同比 | 21.2% | 1.6% |
| 净利润同比 | 24.7% | 14.0% |
| 每股收益（稀释后） | $2.35 | $0.49 |
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FCFSNGVC
| Q4 25 | $501.3M | $335.6M | ||
| Q3 25 | $411.0M | $336.1M | ||
| Q2 25 | $385.1M | $328.7M | ||
| Q1 25 | $371.1M | $335.8M | ||
| Q4 24 | $413.7M | $330.2M | ||
| Q3 24 | $363.1M | $322.7M | ||
| Q2 24 | $363.5M | $309.1M | ||
| Q1 24 | $366.8M | $308.1M |
净利润FCFSNGVC
| Q4 25 | $104.2M | $11.3M | ||
| Q3 25 | $82.8M | $11.8M | ||
| Q2 25 | $59.8M | $11.6M | ||
| Q1 25 | $83.6M | $13.1M | ||
| Q4 24 | $83.5M | $9.9M | ||
| Q3 24 | $64.8M | $9.0M | ||
| Q2 24 | $49.1M | $9.2M | ||
| Q1 24 | $61.4M | $8.0M |
毛利率FCFSNGVC
| Q4 25 | — | 29.5% | ||
| Q3 25 | — | 29.5% | ||
| Q2 25 | — | 29.9% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 29.2% | ||
| Q1 24 | — | 29.3% |
营业利润率FCFSNGVC
| Q4 25 | 28.5% | 4.4% | ||
| Q3 25 | 27.4% | 4.6% | ||
| Q2 25 | 21.1% | 4.7% | ||
| Q1 25 | 30.0% | 5.2% | ||
| Q4 24 | 26.5% | 4.0% | ||
| Q3 24 | 23.5% | 3.7% | ||
| Q2 24 | 18.2% | 4.2% | ||
| Q1 24 | 22.3% | 3.7% |
净利率FCFSNGVC
| Q4 25 | 20.8% | 3.4% | ||
| Q3 25 | 20.1% | 3.5% | ||
| Q2 25 | 15.5% | 3.5% | ||
| Q1 25 | 22.5% | 3.9% | ||
| Q4 24 | 20.2% | 3.0% | ||
| Q3 24 | 17.9% | 2.8% | ||
| Q2 24 | 13.5% | 3.0% | ||
| Q1 24 | 16.7% | 2.6% |
每股收益（稀释后）FCFSNGVC
| Q4 25 | $2.35 | $0.49 | ||
| Q3 25 | $1.86 | $0.51 | ||
| Q2 25 | $1.34 | $0.50 | ||
| Q1 25 | $1.87 | $0.56 | ||
| Q4 24 | $1.86 | $0.43 | ||
| Q3 24 | $1.44 | $0.38 | ||
| Q2 24 | $1.08 | $0.40 | ||
| Q1 24 | $1.35 | $0.35 |
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 | $23.2M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $2.3B | $220.0M |
| 总资产 | $5.3B | $668.6M |
| 负债/权益比越低杠杆越低 | 0.98× | — |
8季度趋势，按日历期对齐
现金及短期投资FCFSNGVC
| Q4 25 | $125.2M | $23.2M | ||
| Q3 25 | $130.2M | $17.1M | ||
| Q2 25 | $101.5M | $13.2M | ||
| Q1 25 | $146.0M | $21.2M | ||
| Q4 24 | $175.1M | $6.3M | ||
| Q3 24 | $106.3M | $8.9M | ||
| Q2 24 | $113.7M | $13.9M | ||
| Q1 24 | $135.1M | $11.0M |
总债务FCFSNGVC
| 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 | — | ||
| Q1 24 | $1.5B | — |
股东权益FCFSNGVC
| Q4 25 | $2.3B | $220.0M | ||
| Q3 25 | $2.2B | $212.4M | ||
| Q2 25 | $2.1B | $202.5M | ||
| Q1 25 | $2.1B | $193.0M | ||
| Q4 24 | $2.1B | $181.9M | ||
| Q3 24 | $2.0B | $174.3M | ||
| Q2 24 | $2.0B | $167.8M | ||
| Q1 24 | $2.0B | $160.0M |
总资产FCFSNGVC
| Q4 25 | $5.3B | $668.6M | ||
| Q3 25 | $5.2B | $670.5M | ||
| Q2 25 | $4.5B | $659.0M | ||
| Q1 25 | $4.4B | $664.6M | ||
| Q4 24 | $4.5B | $648.9M | ||
| Q3 24 | $4.4B | $655.5M | ||
| Q2 24 | $4.3B | $654.4M | ||
| Q1 24 | $4.2B | $656.6M |
负债/权益比FCFSNGVC
| 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× | — | ||
| Q1 24 | 0.75× | — |
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 | $21.1M |
| 自由现金流经营现金流 - 资本支出 | — | $11.6M |
| 自由现金流率自由现金流/营收 | — | 3.4% |
| 资本支出强度资本支出/营收 | — | 2.9% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.86× |
| 过去12个月自由现金流最近4个季度 | — | $42.6M |
8季度趋势，按日历期对齐
经营现金流FCFSNGVC
| Q4 25 | $206.6M | $21.1M | ||
| Q3 25 | $135.8M | $15.6M | ||
| Q2 25 | $116.9M | $2.9M | ||
| Q1 25 | $126.6M | $34.1M | ||
| Q4 24 | $198.1M | $2.7M | ||
| Q3 24 | $113.1M | $24.5M | ||
| Q2 24 | $106.2M | $12.4M | ||
| Q1 24 | $122.5M | $20.2M |
自由现金流FCFSNGVC
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $7.5M | ||
| Q2 25 | — | $-4.2M | ||
| Q1 25 | — | $27.6M | ||
| Q4 24 | — | $-6.9M | ||
| Q3 24 | — | $18.0M | ||
| Q2 24 | — | $3.6M | ||
| Q1 24 | — | $9.8M |
自由现金流率FCFSNGVC
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -1.3% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | -2.1% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 3.2% |
资本支出强度FCFSNGVC
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 3.4% |
现金转化率FCFSNGVC
| Q4 25 | 1.98× | 1.86× | ||
| Q3 25 | 1.64× | 1.32× | ||
| Q2 25 | 1.95× | 0.25× | ||
| Q1 25 | 1.51× | 2.60× | ||
| Q4 24 | 2.37× | 0.27× | ||
| Q3 24 | 1.74× | 2.72× | ||
| Q2 24 | 2.16× | 1.35× | ||
| Q1 24 | 2.00× | 2.54× |
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% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
