vs
FirstCash Holdings, Inc.（FCFS）与花花公子（PLBY）财务数据对比。点击上方公司名可切换其他公司
FirstCash Holdings, Inc.的季度营收约是花花公子的14.4倍（$501.3M vs $34.9M）。FirstCash Holdings, Inc.净利率更高（20.8% vs 10.3%，领先10.5%）。FirstCash Holdings, Inc.同比增速更快（21.2% vs 4.2%）。过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 11.0%）
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。
花花公子集团（Playboy, Inc.）起源于1953年由休·海夫纳联合合伙人在美国芝加哥创立，初始部分资金来自海夫纳母亲提供的1000美元贷款，是美国知名生活方式与娱乐内容品牌，旗下核心《花花公子》杂志同时发行电子版与纸质版。
FCFS vs PLBY — 直观对比
营收规模更大
FCFS
是对方的14.4倍
$34.9M
营收增速更快
FCFS
高出16.9%
4.2%
净利率更高
FCFS
高出10.5%
10.3%
两年增速更快
FCFS
近两年复合增速
11.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $34.9M |
| 净利润 | $104.2M | $3.6M |
| 毛利率 | — | 73.3% |
| 营业利润率 | 28.5% | 7.9% |
| 净利率 | 20.8% | 10.3% |
| 营收同比 | 21.2% | 4.2% |
| 净利润同比 | 24.7% | 128.6% |
| 每股收益（稀释后） | $2.35 | $0.05 |
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FCFSPLBY
| Q4 25 | $501.3M | $34.9M | ||
| Q3 25 | $411.0M | $29.0M | ||
| Q2 25 | $385.1M | $28.1M | ||
| Q1 25 | $371.1M | $28.9M | ||
| Q4 24 | $413.7M | $33.5M | ||
| Q3 24 | $363.1M | $29.4M | ||
| Q2 24 | $363.5M | $24.9M | ||
| Q1 24 | $366.8M | $28.3M |
净利润FCFSPLBY
| Q4 25 | $104.2M | $3.6M | ||
| Q3 25 | $82.8M | $460.0K | ||
| Q2 25 | $59.8M | $-7.7M | ||
| Q1 25 | $83.6M | $-9.0M | ||
| Q4 24 | $83.5M | $-12.5M | ||
| Q3 24 | $64.8M | $-33.8M | ||
| Q2 24 | $49.1M | $-16.7M | ||
| Q1 24 | $61.4M | $-16.4M |
毛利率FCFSPLBY
| Q4 25 | — | 73.3% | ||
| Q3 25 | — | 76.0% | ||
| Q2 25 | — | 65.4% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | 70.8% | ||
| Q3 24 | — | 61.0% | ||
| Q2 24 | — | 67.8% | ||
| Q1 24 | — | 55.8% |
营业利润率FCFSPLBY
| Q4 25 | 28.5% | 7.9% | ||
| Q3 25 | 27.4% | 4.7% | ||
| Q2 25 | 21.1% | -20.9% | ||
| Q1 25 | 30.0% | -21.7% | ||
| Q4 24 | 26.5% | -13.3% | ||
| Q3 24 | 23.5% | -96.0% | ||
| Q2 24 | 18.2% | -37.0% | ||
| Q1 24 | 22.3% | -31.5% |
净利率FCFSPLBY
| Q4 25 | 20.8% | 10.3% | ||
| Q3 25 | 20.1% | 1.6% | ||
| Q2 25 | 15.5% | -27.3% | ||
| Q1 25 | 22.5% | -31.3% | ||
| Q4 24 | 20.2% | -37.4% | ||
| Q3 24 | 17.9% | -114.7% | ||
| Q2 24 | 13.5% | -66.9% | ||
| Q1 24 | 16.7% | -58.1% |
每股收益（稀释后）FCFSPLBY
| Q4 25 | $2.35 | $0.05 | ||
| Q3 25 | $1.86 | $0.00 | ||
| Q2 25 | $1.34 | $-0.08 | ||
| Q1 25 | $1.87 | $-0.10 | ||
| Q4 24 | $1.86 | $-0.13 | ||
| Q3 24 | $1.44 | $-0.45 | ||
| Q2 24 | $1.08 | $-0.23 | ||
| Q1 24 | $1.35 | $-0.23 |
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 | $37.8M |
| 总债务越低越好 | $2.2B | $174.2M |
| 股东权益账面价值 | $2.3B | $18.4M |
| 总资产 | $5.3B | $292.4M |
| 负债/权益比越低杠杆越低 | 0.98× | 9.48× |
8季度趋势，按日历期对齐
现金及短期投资FCFSPLBY
| Q4 25 | $125.2M | $37.8M | ||
| Q3 25 | $130.2M | $27.5M | ||
| Q2 25 | $101.5M | $19.6M | ||
| Q1 25 | $146.0M | $23.7M | ||
| Q4 24 | $175.1M | $30.9M | ||
| Q3 24 | $106.3M | $9.5M | ||
| Q2 24 | $113.7M | $16.9M | ||
| Q1 24 | $135.1M | $19.0M |
总债务FCFSPLBY
| Q4 25 | $2.2B | $174.2M | ||
| Q3 25 | $2.2B | $176.8M | ||
| Q2 25 | $1.7B | $177.5M | ||
| Q1 25 | $1.7B | $176.3M | ||
| Q4 24 | $1.7B | $176.6M | ||
| Q3 24 | $1.7B | $200.0M | ||
| Q2 24 | $1.7B | $196.3M | ||
| Q1 24 | $1.5B | $193.4M |
股东权益FCFSPLBY
| Q4 25 | $2.3B | $18.4M | ||
| Q3 25 | $2.2B | $3.8M | ||
| Q2 25 | $2.1B | $-17.5M | ||
| Q1 25 | $2.1B | $-11.4M | ||
| Q4 24 | $2.1B | $-7.7M | ||
| Q3 24 | $2.0B | $-15.7M | ||
| Q2 24 | $2.0B | $15.7M | ||
| Q1 24 | $2.0B | $29.5M |
总资产FCFSPLBY
| Q4 25 | $5.3B | $292.4M | ||
| Q3 25 | $5.2B | $278.3M | ||
| Q2 25 | $4.5B | $264.1M | ||
| Q1 25 | $4.4B | $270.6M | ||
| Q4 24 | $4.5B | $284.7M | ||
| Q3 24 | $4.4B | $271.5M | ||
| Q2 24 | $4.3B | $301.8M | ||
| Q1 24 | $4.2B | $309.1M |
负债/权益比FCFSPLBY
| Q4 25 | 0.98× | 9.48× | ||
| Q3 25 | 1.01× | 46.86× | ||
| Q2 25 | 0.79× | — | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.87× | — | ||
| Q2 24 | 0.85× | 12.51× | ||
| Q1 24 | 0.75× | 6.54× |
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 | $1.4M |
| 自由现金流经营现金流 - 资本支出 | — | $1.1M |
| 自由现金流率自由现金流/营收 | — | 3.2% |
| 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× | 0.39× |
| 过去12个月自由现金流最近4个季度 | — | $-1.0M |
8季度趋势，按日历期对齐
经营现金流FCFSPLBY
| Q4 25 | $206.6M | $1.4M | ||
| Q3 25 | $135.8M | $10.1M | ||
| Q2 25 | $116.9M | $-3.9M | ||
| Q1 25 | $126.6M | $-7.6M | ||
| Q4 24 | $198.1M | $161.0K | ||
| Q3 24 | $113.1M | $-6.5M | ||
| Q2 24 | $106.2M | $-3.0M | ||
| Q1 24 | $122.5M | $-9.8M |
自由现金流FCFSPLBY
| Q4 25 | — | $1.1M | ||
| Q3 25 | — | $9.8M | ||
| Q2 25 | — | $-4.3M | ||
| Q1 25 | — | $-7.7M | ||
| Q4 24 | — | $-401.0K | ||
| Q3 24 | — | $-7.0M | ||
| Q2 24 | — | $-3.7M | ||
| Q1 24 | — | $-10.3M |
自由现金流率FCFSPLBY
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 33.8% | ||
| Q2 25 | — | -15.2% | ||
| Q1 25 | — | -26.5% | ||
| Q4 24 | — | -1.2% | ||
| Q3 24 | — | -23.7% | ||
| Q2 24 | — | -14.8% | ||
| Q1 24 | — | -36.5% |
资本支出强度FCFSPLBY
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 2.1% |
现金转化率FCFSPLBY
| Q4 25 | 1.98× | 0.39× | ||
| Q3 25 | 1.64× | 22.02× | ||
| 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% |
PLBY
| Transferred At Point In Time | $22.2M | 64% |
| Trademark Licensing | $6.5M | 19% |
| Related Party | $5.0M | 14% |
| Other | $1.1M | 3% |
