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FirstCash Holdings, Inc.（FCFS）与UiPath, Inc.（PATH）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UiPath, Inc.的1.2倍（$501.3M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 20.8%，领先27.6%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 15.9%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 0.7%）
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。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
FCFS vs PATH — 直观对比
营收规模更大
FCFS
是对方的1.2倍
$411.1M
营收增速更快
FCFS
高出5.3%
15.9%
净利率更高
PATH
高出27.6%
20.8%
两年增速更快
FCFS
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $411.1M |
| 净利润 | $104.2M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 28.5% | 3.2% |
| 净利率 | 20.8% | 48.4% |
| 营收同比 | 21.2% | 15.9% |
| 净利润同比 | 24.7% | 1966.2% |
| 每股收益（稀释后） | $2.35 | $0.37 |
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FCFSPATH
| Q4 25 | $501.3M | $411.1M | ||
| Q3 25 | $411.0M | $361.7M | ||
| Q2 25 | $385.1M | $356.6M | ||
| Q1 25 | $371.1M | $423.6M | ||
| Q4 24 | $413.7M | $354.7M | ||
| Q3 24 | $363.1M | $316.3M | ||
| Q2 24 | $363.5M | $335.1M | ||
| Q1 24 | $366.8M | $405.3M |
净利润FCFSPATH
| Q4 25 | $104.2M | $198.8M | ||
| Q3 25 | $82.8M | $1.6M | ||
| Q2 25 | $59.8M | $-22.6M | ||
| Q1 25 | $83.6M | $51.8M | ||
| Q4 24 | $83.5M | $-10.7M | ||
| Q3 24 | $64.8M | $-86.1M | ||
| Q2 24 | $49.1M | $-28.7M | ||
| Q1 24 | $61.4M | $33.9M |
毛利率FCFSPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 82.1% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.0% | ||
| Q2 24 | — | 83.5% | ||
| Q1 24 | — | 86.8% |
营业利润率FCFSPATH
| Q4 25 | 28.5% | 3.2% | ||
| Q3 25 | 27.4% | -5.6% | ||
| Q2 25 | 21.1% | -4.6% | ||
| Q1 25 | 30.0% | 7.9% | ||
| Q4 24 | 26.5% | -12.2% | ||
| Q3 24 | 23.5% | -32.7% | ||
| Q2 24 | 18.2% | -14.8% | ||
| Q1 24 | 22.3% | 3.7% |
净利率FCFSPATH
| Q4 25 | 20.8% | 48.4% | ||
| Q3 25 | 20.1% | 0.4% | ||
| Q2 25 | 15.5% | -6.3% | ||
| Q1 25 | 22.5% | 12.2% | ||
| Q4 24 | 20.2% | -3.0% | ||
| Q3 24 | 17.9% | -27.2% | ||
| Q2 24 | 13.5% | -8.6% | ||
| Q1 24 | 16.7% | 8.4% |
每股收益（稀释后）FCFSPATH
| Q4 25 | $2.35 | $0.37 | ||
| Q3 25 | $1.86 | $0.00 | ||
| Q2 25 | $1.34 | $-0.04 | ||
| Q1 25 | $1.87 | $0.09 | ||
| Q4 24 | $1.86 | $-0.02 | ||
| Q3 24 | $1.44 | $-0.15 | ||
| Q2 24 | $1.08 | $-0.05 | ||
| Q1 24 | $1.35 | $0.07 |
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 | $1.4B |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $2.3B | $1.9B |
| 总资产 | $5.3B | $2.9B |
| 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FCFSPATH
| Q4 25 | $125.2M | $1.4B | ||
| Q3 25 | $130.2M | $1.4B | ||
| Q2 25 | $101.5M | $1.6B | ||
| Q1 25 | $146.0M | $1.6B | ||
| Q4 24 | $175.1M | $1.6B | ||
| Q3 24 | $106.3M | $1.7B | ||
| Q2 24 | $113.7M | $1.9B | ||
| Q1 24 | $135.1M | $1.9B |
总债务FCFSPATH
| 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FCFSPATH
| Q4 25 | $2.3B | $1.9B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $2.0B | $2.0B | ||
| Q1 24 | $2.0B | $2.0B |
总资产FCFSPATH
| Q4 25 | $5.3B | $2.9B | ||
| Q3 25 | $5.2B | $2.6B | ||
| Q2 25 | $4.5B | $2.6B | ||
| Q1 25 | $4.4B | $2.9B | ||
| Q4 24 | $4.5B | $2.7B | ||
| Q3 24 | $4.4B | $2.7B | ||
| Q2 24 | $4.3B | $2.8B | ||
| Q1 24 | $4.2B | $3.0B |
负债/权益比FCFSPATH
| 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 | $28.3M |
| 自由现金流经营现金流 - 资本支出 | — | $25.1M |
| 自由现金流率自由现金流/营收 | — | 6.1% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 1.98× | 0.14× |
| 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FCFSPATH
| Q4 25 | $206.6M | $28.3M | ||
| Q3 25 | $135.8M | $41.6M | ||
| Q2 25 | $116.9M | $119.0M | ||
| Q1 25 | $126.6M | $146.1M | ||
| Q4 24 | $198.1M | $28.1M | ||
| Q3 24 | $113.1M | $46.4M | ||
| Q2 24 | $106.2M | $100.0M | ||
| Q1 24 | $122.5M | $145.6M |
自由现金流FCFSPATH
| Q4 25 | — | $25.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $106.2M | ||
| Q1 25 | — | $138.7M | ||
| Q4 24 | — | $23.2M | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | — | $98.8M | ||
| Q1 24 | — | $141.8M |
自由现金流率FCFSPATH
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 29.8% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 29.5% | ||
| Q1 24 | — | 35.0% |
资本支出强度FCFSPATH
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
现金转化率FCFSPATH
| Q4 25 | 1.98× | 0.14× | ||
| Q3 25 | 1.64× | 26.25× | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 1.51× | 2.82× | ||
| Q4 24 | 2.37× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.16× | — | ||
| Q1 24 | 2.00× | 4.29× |
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% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
