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FirstCash Holdings, Inc.（FCFS）与PROASSURANCE CORP（PRA）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PROASSURANCE CORP的1.9倍（$501.3M vs $269.6M），FirstCash Holdings, Inc.净利率更高（20.8% vs 12.4%，领先8.4%），FirstCash Holdings, Inc.同比增速更快（21.2% vs -7.1%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs -2.7%）
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。
保信集团（ProAssurance）总部位于美国阿拉巴马州伯明翰，是一家财产意外保险公司，主打面向医生的职业责任保险业务。公司前身为1976年成立的Mutual Assurance，1997年更名为Medical Assurance，2001年与Professionals Group合并后改为现名，目前是全美第四大医疗职业责任险承保机构，总资产超60亿美元。
FCFS vs PRA — 直观对比
营收规模更大
FCFS
是对方的1.9倍
$269.6M
营收增速更快
FCFS
高出28.2%
-7.1%
净利率更高
FCFS
高出8.4%
12.4%
两年增速更快
FCFS
近两年复合增速
-2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $269.6M |
| 净利润 | $104.2M | $33.4M |
| 毛利率 | — | — |
| 营业利润率 | 28.5% | 17.3% |
| 净利率 | 20.8% | 12.4% |
| 营收同比 | 21.2% | -7.1% |
| 净利润同比 | 24.7% | 106.4% |
| 每股收益（稀释后） | $2.35 | $0.65 |
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FCFSPRA
| Q4 25 | $501.3M | $269.6M | ||
| Q3 25 | $411.0M | $279.6M | ||
| Q2 25 | $385.1M | $276.8M | ||
| Q1 25 | $371.1M | $272.1M | ||
| Q4 24 | $413.7M | $290.1M | ||
| Q3 24 | $363.1M | $285.3M | ||
| Q2 24 | $363.5M | $290.4M | ||
| Q1 24 | $366.8M | $284.7M |
净利润FCFSPRA
| Q4 25 | $104.2M | $33.4M | ||
| Q3 25 | $82.8M | $1.4M | ||
| Q2 25 | $59.8M | $21.9M | ||
| Q1 25 | $83.6M | $-5.8M | ||
| Q4 24 | $83.5M | $16.2M | ||
| Q3 24 | $64.8M | $16.4M | ||
| Q2 24 | $49.1M | $15.5M | ||
| Q1 24 | $61.4M | $4.6M |
营业利润率FCFSPRA
| Q4 25 | 28.5% | 17.3% | ||
| Q3 25 | 27.4% | 1.6% | ||
| Q2 25 | 21.1% | 9.9% | ||
| Q1 25 | 30.0% | -2.3% | ||
| Q4 24 | 26.5% | 6.5% | ||
| Q3 24 | 23.5% | 7.4% | ||
| Q2 24 | 18.2% | 6.2% | ||
| Q1 24 | 22.3% | 1.9% |
净利率FCFSPRA
| Q4 25 | 20.8% | 12.4% | ||
| Q3 25 | 20.1% | 0.5% | ||
| Q2 25 | 15.5% | 7.9% | ||
| Q1 25 | 22.5% | -2.1% | ||
| Q4 24 | 20.2% | 5.6% | ||
| Q3 24 | 17.9% | 5.8% | ||
| Q2 24 | 13.5% | 5.3% | ||
| Q1 24 | 16.7% | 1.6% |
每股收益（稀释后）FCFSPRA
| Q4 25 | $2.35 | $0.65 | ||
| Q3 25 | $1.86 | $0.03 | ||
| Q2 25 | $1.34 | $0.42 | ||
| Q1 25 | $1.87 | $-0.11 | ||
| Q4 24 | $1.86 | $0.32 | ||
| Q3 24 | $1.44 | $0.32 | ||
| Q2 24 | $1.08 | $0.30 | ||
| Q1 24 | $1.35 | $0.09 |
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 | $36.5M |
| 总债务越低越好 | $2.2B | $420.4M |
| 股东权益账面价值 | $2.3B | $1.3B |
| 总资产 | $5.3B | $5.4B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资FCFSPRA
| Q4 25 | $125.2M | $36.5M | ||
| Q3 25 | $130.2M | $54.5M | ||
| Q2 25 | $101.5M | $41.6M | ||
| Q1 25 | $146.0M | $43.5M | ||
| Q4 24 | $175.1M | $54.9M | ||
| Q3 24 | $106.3M | $45.3M | ||
| Q2 24 | $113.7M | $36.9M | ||
| Q1 24 | $135.1M | $65.4M |
总债务FCFSPRA
| Q4 25 | $2.2B | $420.4M | ||
| Q3 25 | $2.2B | $421.5M | ||
| Q2 25 | $1.7B | $422.6M | ||
| Q1 25 | $1.7B | $423.7M | ||
| Q4 24 | $1.7B | $424.9M | ||
| Q3 24 | $1.7B | $425.9M | ||
| Q2 24 | $1.7B | $426.9M | ||
| Q1 24 | $1.5B | $427.8M |
股东权益FCFSPRA
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $2.0B | $1.1B | ||
| Q1 24 | $2.0B | $1.1B |
总资产FCFSPRA
| Q4 25 | $5.3B | $5.4B | ||
| Q3 25 | $5.2B | $5.6B | ||
| Q2 25 | $4.5B | $5.5B | ||
| Q1 25 | $4.4B | $5.5B | ||
| Q4 24 | $4.5B | $5.6B | ||
| Q3 24 | $4.4B | $5.7B | ||
| Q2 24 | $4.3B | $5.6B | ||
| Q1 24 | $4.2B | $5.7B |
负债/权益比FCFSPRA
| Q4 25 | 0.98× | 0.31× | ||
| Q3 25 | 1.01× | 0.32× | ||
| Q2 25 | 0.79× | 0.33× | ||
| Q1 25 | 0.83× | 0.34× | ||
| Q4 24 | 0.85× | 0.35× | ||
| Q3 24 | 0.87× | 0.35× | ||
| Q2 24 | 0.85× | 0.38× | ||
| Q1 24 | 0.75× | 0.38× |
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 | $-25.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.98× | -0.77× |
| 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FCFSPRA
| Q4 25 | $206.6M | $-25.6M | ||
| Q3 25 | $135.8M | $27.2M | ||
| Q2 25 | $116.9M | $-28.1M | ||
| Q1 25 | $126.6M | $-11.6M | ||
| Q4 24 | $198.1M | $-10.7M | ||
| Q3 24 | $113.1M | $14.0M | ||
| Q2 24 | $106.2M | $-12.8M | ||
| Q1 24 | $122.5M | $-11.6M |
现金转化率FCFSPRA
| Q4 25 | 1.98× | -0.77× | ||
| Q3 25 | 1.64× | 18.81× | ||
| Q2 25 | 1.95× | -1.28× | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 2.37× | -0.66× | ||
| Q3 24 | 1.74× | 0.85× | ||
| Q2 24 | 2.16× | -0.83× | ||
| Q1 24 | 2.00× | -2.52× |
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% |
PRA
| Workers Compensation Insurance Segment | $164.4M | 61% |
| Other | $59.6M | 22% |
| Segregated Portfolio Cell Reinsurance | $45.7M | 17% |
