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FirstCash Holdings, Inc.（FCFS）与NATIONAL HEALTHCARE CORP（NHC）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NATIONAL HEALTHCARE CORP的1.3倍（$501.3M vs $386.5M），FirstCash Holdings, Inc.净利率更高（20.8% vs 6.4%，领先14.4%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 4.6%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 14.0%）
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。
HCA Healthcare是1968年成立的美国营利性医疗服务运营商，总部位于田纳西州纳什维尔。截至2020年5月，该公司在全美20个州及英国持有并运营186家医院，还有约2400个医疗服务网点，涵盖手术中心、独立急诊室、紧急护理中心及医师诊所，2024年位列美国财富500强第61位。
FCFS vs NHC — 直观对比
营收规模更大
FCFS
是对方的1.3倍
$386.5M
营收增速更快
FCFS
高出16.5%
4.6%
净利率更高
FCFS
高出14.4%
6.4%
两年增速更快
FCFS
近两年复合增速
14.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $386.5M |
| 净利润 | $104.2M | $24.8M |
| 毛利率 | — | — |
| 营业利润率 | 28.5% | 8.6% |
| 净利率 | 20.8% | 6.4% |
| 营收同比 | 21.2% | 4.6% |
| 净利润同比 | 24.7% | 308.6% |
| 每股收益（稀释后） | $2.35 | $1.58 |
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FCFSNHC
| Q4 25 | $501.3M | $386.5M | ||
| Q3 25 | $411.0M | $382.7M | ||
| Q2 25 | $385.1M | $374.9M | ||
| Q1 25 | $371.1M | $373.7M | ||
| Q4 24 | $413.7M | $369.4M | ||
| Q3 24 | $363.1M | $340.2M | ||
| Q2 24 | $363.5M | $300.7M | ||
| Q1 24 | $366.8M | $297.2M |
净利润FCFSNHC
| Q4 25 | $104.2M | $24.8M | ||
| Q3 25 | $82.8M | $39.2M | ||
| Q2 25 | $59.8M | $23.7M | ||
| Q1 25 | $83.6M | $32.2M | ||
| Q4 24 | $83.5M | $6.1M | ||
| Q3 24 | $64.8M | $42.8M | ||
| Q2 24 | $49.1M | $26.8M | ||
| Q1 24 | $61.4M | $26.2M |
营业利润率FCFSNHC
| Q4 25 | 28.5% | 8.6% | ||
| Q3 25 | 27.4% | 7.9% | ||
| Q2 25 | 21.1% | 9.1% | ||
| Q1 25 | 30.0% | 8.2% | ||
| Q4 24 | 26.5% | 7.8% | ||
| Q3 24 | 23.5% | 6.7% | ||
| Q2 24 | 18.2% | 7.5% | ||
| Q1 24 | 22.3% | 5.3% |
净利率FCFSNHC
| Q4 25 | 20.8% | 6.4% | ||
| Q3 25 | 20.1% | 10.3% | ||
| Q2 25 | 15.5% | 6.3% | ||
| Q1 25 | 22.5% | 8.6% | ||
| Q4 24 | 20.2% | 1.6% | ||
| Q3 24 | 17.9% | 12.6% | ||
| Q2 24 | 13.5% | 8.9% | ||
| Q1 24 | 16.7% | 8.8% |
每股收益（稀释后）FCFSNHC
| Q4 25 | $2.35 | $1.58 | ||
| Q3 25 | $1.86 | $2.50 | ||
| Q2 25 | $1.34 | $1.52 | ||
| Q1 25 | $1.87 | $2.07 | ||
| Q4 24 | $1.86 | $0.38 | ||
| Q3 24 | $1.44 | $2.73 | ||
| Q2 24 | $1.08 | $1.73 | ||
| Q1 24 | $1.35 | $1.69 |
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 | $92.8M |
| 总债务越低越好 | $2.2B | $40.0M |
| 股东权益账面价值 | $2.3B | $1.1B |
| 总资产 | $5.3B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资FCFSNHC
| Q4 25 | $125.2M | $92.8M | ||
| Q3 25 | $130.2M | $130.6M | ||
| Q2 25 | $101.5M | $111.0M | ||
| Q1 25 | $146.0M | $90.4M | ||
| Q4 24 | $175.1M | $76.1M | ||
| Q3 24 | $106.3M | $84.8M | ||
| Q2 24 | $113.7M | $136.2M | ||
| Q1 24 | $135.1M | $94.0M |
总债务FCFSNHC
| Q4 25 | $2.2B | $40.0M | ||
| Q3 25 | $2.2B | $73.1M | ||
| Q2 25 | $1.7B | $110.0M | ||
| Q1 25 | $1.7B | $134.0M | ||
| Q4 24 | $1.7B | $137.0M | ||
| Q3 24 | $1.7B | $147.0M | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.5B | — |
股东权益FCFSNHC
| Q4 25 | $2.3B | $1.1B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.1B | $980.2M | ||
| Q3 24 | $2.0B | $983.5M | ||
| Q2 24 | $2.0B | $945.8M | ||
| Q1 24 | $2.0B | $924.7M |
总资产FCFSNHC
| Q4 25 | $5.3B | $1.5B | ||
| Q3 25 | $5.2B | $1.6B | ||
| Q2 25 | $4.5B | $1.6B | ||
| Q1 25 | $4.4B | $1.5B | ||
| Q4 24 | $4.5B | $1.5B | ||
| Q3 24 | $4.4B | $1.6B | ||
| Q2 24 | $4.3B | $1.3B | ||
| Q1 24 | $4.2B | $1.3B |
负债/权益比FCFSNHC
| Q4 25 | 0.98× | 0.04× | ||
| Q3 25 | 1.01× | 0.07× | ||
| Q2 25 | 0.79× | 0.11× | ||
| Q1 25 | 0.83× | 0.13× | ||
| Q4 24 | 0.85× | 0.14× | ||
| Q3 24 | 0.87× | 0.15× | ||
| 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 | $16.8M |
| 自由现金流经营现金流 - 资本支出 | — | $6.4M |
| 自由现金流率自由现金流/营收 | — | 1.7% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 现金转化率经营现金流/净利润 | 1.98× | 0.68× |
| 过去12个月自由现金流最近4个季度 | — | $148.6M |
8季度趋势，按日历期对齐
经营现金流FCFSNHC
| Q4 25 | $206.6M | $16.8M | ||
| Q3 25 | $135.8M | $66.2M | ||
| Q2 25 | $116.9M | $62.8M | ||
| Q1 25 | $126.6M | $39.3M | ||
| Q4 24 | $198.1M | $12.8M | ||
| Q3 24 | $113.1M | $34.2M | ||
| Q2 24 | $106.2M | $50.7M | ||
| Q1 24 | $122.5M | $9.6M |
自由现金流FCFSNHC
| Q4 25 | — | $6.4M | ||
| Q3 25 | — | $56.5M | ||
| Q2 25 | — | $52.6M | ||
| Q1 25 | — | $33.1M | ||
| Q4 24 | — | $4.6M | ||
| Q3 24 | — | $28.6M | ||
| Q2 24 | — | $42.8M | ||
| Q1 24 | — | $3.7M |
自由现金流率FCFSNHC
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 14.2% | ||
| Q1 24 | — | 1.2% |
资本支出强度FCFSNHC
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 2.0% |
现金转化率FCFSNHC
| Q4 25 | 1.98× | 0.68× | ||
| Q3 25 | 1.64× | 1.69× | ||
| Q2 25 | 1.95× | 2.65× | ||
| Q1 25 | 1.51× | 1.22× | ||
| Q4 24 | 2.37× | 2.10× | ||
| Q3 24 | 1.74× | 0.80× | ||
| Q2 24 | 2.16× | 1.89× | ||
| Q1 24 | 2.00× | 0.37× |
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% |
NHC
| Inpatient Services Segment | $333.7M | 86% |
| Homecare Services Segment | $40.0M | 10% |
| Other | $11.2M | 3% |
| National | $1.6M | 0% |
