vs
FirstCash Holdings, Inc.（FCFS）与Opendoor Technologies Inc.（OPEN）财务数据对比。点击上方公司名可切换其他公司
Opendoor Technologies Inc.的季度营收约是FirstCash Holdings, Inc.的1.5倍（$736.0M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs -148.9%，领先169.7%），FirstCash Holdings, Inc.同比增速更快（21.2% vs -32.1%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs -21.1%）
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。
Opendoor Technologies Inc.是一家主营住宅房地产买卖的线上企业，总部位于旧金山。平台可通过线上流程向房主提供房屋即时现金报价，收购房产后进行修缮再重新挂牌出售，同时还提供基于移动端应用的购房服务及配套融资方案，截至2021年11月业务覆盖美国44个区域市场。
FCFS vs OPEN — 直观对比
营收规模更大
OPEN
是对方的1.5倍
$501.3M
营收增速更快
FCFS
高出53.3%
-32.1%
净利率更高
FCFS
高出169.7%
-148.9%
两年增速更快
FCFS
近两年复合增速
-21.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $736.0M |
| 净利润 | $104.2M | $-1.1B |
| 毛利率 | — | 7.7% |
| 营业利润率 | 28.5% | -20.4% |
| 净利率 | 20.8% | -148.9% |
| 营收同比 | 21.2% | -32.1% |
| 净利润同比 | 24.7% | -869.9% |
| 每股收益（稀释后） | $2.35 | $-1.42 |
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FCFSOPEN
| Q4 25 | $501.3M | $736.0M | ||
| Q3 25 | $411.0M | $915.0M | ||
| Q2 25 | $385.1M | $1.6B | ||
| Q1 25 | $371.1M | $1.2B | ||
| Q4 24 | $413.7M | $1.1B | ||
| Q3 24 | $363.1M | $1.4B | ||
| Q2 24 | $363.5M | $1.5B | ||
| Q1 24 | $366.8M | $1.2B |
净利润FCFSOPEN
| Q4 25 | $104.2M | $-1.1B | ||
| Q3 25 | $82.8M | $-90.0M | ||
| Q2 25 | $59.8M | $-29.0M | ||
| Q1 25 | $83.6M | $-85.0M | ||
| Q4 24 | $83.5M | $-113.0M | ||
| Q3 24 | $64.8M | $-78.0M | ||
| Q2 24 | $49.1M | $-92.0M | ||
| Q1 24 | $61.4M | $-109.0M |
毛利率FCFSOPEN
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 9.7% |
营业利润率FCFSOPEN
| Q4 25 | 28.5% | -20.4% | ||
| Q3 25 | 27.4% | -7.4% | ||
| Q2 25 | 21.1% | -0.8% | ||
| Q1 25 | 30.0% | -4.9% | ||
| Q4 24 | 26.5% | -8.7% | ||
| Q3 24 | 23.5% | -4.9% | ||
| Q2 24 | 18.2% | -4.8% | ||
| Q1 24 | 22.3% | -7.4% |
净利率FCFSOPEN
| Q4 25 | 20.8% | -148.9% | ||
| Q3 25 | 20.1% | -9.8% | ||
| Q2 25 | 15.5% | -1.9% | ||
| Q1 25 | 22.5% | -7.4% | ||
| Q4 24 | 20.2% | -10.4% | ||
| Q3 24 | 17.9% | -5.7% | ||
| Q2 24 | 13.5% | -6.1% | ||
| Q1 24 | 16.7% | -9.2% |
每股收益（稀释后）FCFSOPEN
| Q4 25 | $2.35 | $-1.42 | ||
| Q3 25 | $1.86 | $-0.12 | ||
| Q2 25 | $1.34 | $-0.04 | ||
| Q1 25 | $1.87 | $-0.12 | ||
| Q4 24 | $1.86 | $-0.16 | ||
| Q3 24 | $1.44 | $-0.11 | ||
| Q2 24 | $1.08 | $-0.13 | ||
| Q1 24 | $1.35 | $-0.16 |
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 | $962.0M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $2.3B | $1.0B |
| 总资产 | $5.3B | $2.4B |
| 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FCFSOPEN
| Q4 25 | $125.2M | $962.0M | ||
| Q3 25 | $130.2M | $962.0M | ||
| Q2 25 | $101.5M | $789.0M | ||
| Q1 25 | $146.0M | $559.0M | ||
| Q4 24 | $175.1M | $679.0M | ||
| Q3 24 | $106.3M | $837.0M | ||
| Q2 24 | $113.7M | $809.0M | ||
| Q1 24 | $135.1M | $990.0M |
总债务FCFSOPEN
| 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FCFSOPEN
| Q4 25 | $2.3B | $1.0B | ||
| Q3 25 | $2.2B | $811.0M | ||
| Q2 25 | $2.1B | $631.0M | ||
| Q1 25 | $2.1B | $645.0M | ||
| Q4 24 | $2.1B | $713.0M | ||
| Q3 24 | $2.0B | $801.0M | ||
| Q2 24 | $2.0B | $845.0M | ||
| Q1 24 | $2.0B | $899.0M |
总资产FCFSOPEN
| Q4 25 | $5.3B | $2.4B | ||
| Q3 25 | $5.2B | $2.7B | ||
| Q2 25 | $4.5B | $2.9B | ||
| Q1 25 | $4.4B | $3.3B | ||
| Q4 24 | $4.5B | $3.1B | ||
| Q3 24 | $4.4B | $3.4B | ||
| Q2 24 | $4.3B | $3.4B | ||
| Q1 24 | $4.2B | $3.4B |
负债/权益比FCFSOPEN
| 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 | $70.0M |
| 自由现金流经营现金流 - 资本支出 | — | $67.0M |
| 自由现金流率自由现金流/营收 | — | 9.1% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 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 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流FCFSOPEN
| Q4 25 | $206.6M | $70.0M | ||
| Q3 25 | $135.8M | $435.0M | ||
| Q2 25 | $116.9M | $823.0M | ||
| Q1 25 | $126.6M | $-279.0M | ||
| Q4 24 | $198.1M | $-80.0M | ||
| Q3 24 | $113.1M | $62.0M | ||
| Q2 24 | $106.2M | $-399.0M | ||
| Q1 24 | $122.5M | $-178.0M |
自由现金流FCFSOPEN
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $432.0M | ||
| Q2 25 | — | $821.0M | ||
| Q1 25 | — | $-283.0M | ||
| Q4 24 | — | $-83.0M | ||
| Q3 24 | — | $56.0M | ||
| Q2 24 | — | $-407.0M | ||
| Q1 24 | — | $-186.0M |
自由现金流率FCFSOPEN
| Q4 25 | — | 9.1% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 52.4% | ||
| Q1 25 | — | -24.5% | ||
| Q4 24 | — | -7.7% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | -26.9% | ||
| Q1 24 | — | -15.7% |
资本支出强度FCFSOPEN
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.7% |
现金转化率FCFSOPEN
| 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% |
OPEN
暂无分部数据
