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FirstCash Holdings, Inc.（FCFS）与PTC Inc.（PTC）财务数据对比。点击上方公司名可切换其他公司
PTC Inc.的季度营收约是FirstCash Holdings, Inc.的1.4倍（$685.8M vs $501.3M），PTC Inc.净利率更高（24.3% vs 20.8%，领先3.5%），PTC Inc.同比增速更快（21.4% vs 21.2%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 6.6%）
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。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
FCFS vs PTC — 直观对比
营收规模更大
PTC
是对方的1.4倍
$501.3M
营收增速更快
PTC
高出0.2%
21.2%
净利率更高
PTC
高出3.5%
20.8%
两年增速更快
FCFS
近两年复合增速
6.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $685.8M |
| 净利润 | $104.2M | $166.5M |
| 毛利率 | — | 82.8% |
| 营业利润率 | 28.5% | 32.2% |
| 净利率 | 20.8% | 24.3% |
| 营收同比 | 21.2% | 21.4% |
| 净利润同比 | 24.7% | 102.5% |
| 每股收益（稀释后） | $2.35 | $1.39 |
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FCFSPTC
| Q4 25 | $501.3M | $685.8M | ||
| Q3 25 | $411.0M | $893.8M | ||
| Q2 25 | $385.1M | $643.9M | ||
| Q1 25 | $371.1M | $636.4M | ||
| Q4 24 | $413.7M | $565.1M | ||
| Q3 24 | $363.1M | $626.5M | ||
| Q2 24 | $363.5M | $518.6M | ||
| Q1 24 | $366.8M | $603.1M |
净利润FCFSPTC
| Q4 25 | $104.2M | $166.5M | ||
| Q3 25 | $82.8M | $347.8M | ||
| Q2 25 | $59.8M | $141.3M | ||
| Q1 25 | $83.6M | $162.6M | ||
| Q4 24 | $83.5M | $82.2M | ||
| Q3 24 | $64.8M | $126.5M | ||
| Q2 24 | $49.1M | $69.0M | ||
| Q1 24 | $61.4M | $114.4M |
毛利率FCFSPTC
| Q4 25 | — | 82.8% | ||
| Q3 25 | — | 86.9% | ||
| Q2 25 | — | 82.9% | ||
| Q1 25 | — | 83.3% | ||
| Q4 24 | — | 80.2% | ||
| Q3 24 | — | 82.0% | ||
| Q2 24 | — | 78.4% | ||
| Q1 24 | — | 81.8% |
营业利润率FCFSPTC
| Q4 25 | 28.5% | 32.2% | ||
| Q3 25 | 27.4% | 48.5% | ||
| Q2 25 | 21.1% | 32.6% | ||
| Q1 25 | 30.0% | 35.1% | ||
| Q4 24 | 26.5% | 20.4% | ||
| Q3 24 | 23.5% | 31.0% | ||
| Q2 24 | 18.2% | 18.5% | ||
| Q1 24 | 22.3% | 29.8% |
净利率FCFSPTC
| Q4 25 | 20.8% | 24.3% | ||
| Q3 25 | 20.1% | 38.9% | ||
| Q2 25 | 15.5% | 21.9% | ||
| Q1 25 | 22.5% | 25.6% | ||
| Q4 24 | 20.2% | 14.6% | ||
| Q3 24 | 17.9% | 20.2% | ||
| Q2 24 | 13.5% | 13.3% | ||
| Q1 24 | 16.7% | 19.0% |
每股收益（稀释后）FCFSPTC
| Q4 25 | $2.35 | $1.39 | ||
| Q3 25 | $1.86 | $2.88 | ||
| Q2 25 | $1.34 | $1.17 | ||
| Q1 25 | $1.87 | $1.35 | ||
| Q4 24 | $1.86 | $0.68 | ||
| Q3 24 | $1.44 | $1.05 | ||
| Q2 24 | $1.08 | $0.57 | ||
| Q1 24 | $1.35 | $0.95 |
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 | $209.7M |
| 总债务越低越好 | $2.2B | $1.2B |
| 股东权益账面价值 | $2.3B | $3.8B |
| 总资产 | $5.3B | $6.4B |
| 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FCFSPTC
| Q4 25 | $125.2M | $209.7M | ||
| Q3 25 | $130.2M | $184.4M | ||
| Q2 25 | $101.5M | $199.3M | ||
| Q1 25 | $146.0M | $235.2M | ||
| Q4 24 | $175.1M | $196.3M | ||
| Q3 24 | $106.3M | $265.8M | ||
| Q2 24 | $113.7M | $247.7M | ||
| Q1 24 | $135.1M | $249.0M |
总债务FCFSPTC
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.5B | $1.5B |
股东权益FCFSPTC
| Q4 25 | $2.3B | $3.8B | ||
| Q3 25 | $2.2B | $3.8B | ||
| Q2 25 | $2.1B | $3.5B | ||
| Q1 25 | $2.1B | $3.4B | ||
| Q4 24 | $2.1B | $3.2B | ||
| Q3 24 | $2.0B | $3.2B | ||
| Q2 24 | $2.0B | $3.0B | ||
| Q1 24 | $2.0B | $2.9B |
总资产FCFSPTC
| Q4 25 | $5.3B | $6.4B | ||
| Q3 25 | $5.2B | $6.6B | ||
| Q2 25 | $4.5B | $6.2B | ||
| Q1 25 | $4.4B | $6.2B | ||
| Q4 24 | $4.5B | $6.1B | ||
| Q3 24 | $4.4B | $6.4B | ||
| Q2 24 | $4.3B | $6.1B | ||
| Q1 24 | $4.2B | $6.2B |
负债/权益比FCFSPTC
| Q4 25 | 0.98× | 0.31× | ||
| Q3 25 | 1.01× | 0.31× | ||
| Q2 25 | 0.79× | 0.34× | ||
| Q1 25 | 0.83× | 0.40× | ||
| Q4 24 | 0.85× | 0.32× | ||
| Q3 24 | 0.87× | 0.38× | ||
| Q2 24 | 0.85× | 0.43× | ||
| Q1 24 | 0.75× | 0.51× |
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 | $269.7M |
| 自由现金流经营现金流 - 资本支出 | — | $267.4M |
| 自由现金流率自由现金流/营收 | — | 39.0% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.62× |
| 过去12个月自由现金流最近4个季度 | — | $888.4M |
8季度趋势，按日历期对齐
经营现金流FCFSPTC
| Q4 25 | $206.6M | $269.7M | ||
| Q3 25 | $135.8M | $104.0M | ||
| Q2 25 | $116.9M | $243.9M | ||
| Q1 25 | $126.6M | $281.3M | ||
| Q4 24 | $198.1M | $238.4M | ||
| Q3 24 | $113.1M | $98.1M | ||
| Q2 24 | $106.2M | $213.8M | ||
| Q1 24 | $122.5M | $250.7M |
自由现金流FCFSPTC
| Q4 25 | — | $267.4M | ||
| Q3 25 | — | $100.5M | ||
| Q2 25 | — | $242.0M | ||
| Q1 25 | — | $278.5M | ||
| Q4 24 | — | $235.7M | ||
| Q3 24 | — | $93.6M | ||
| Q2 24 | — | $212.2M | ||
| Q1 24 | — | $247.1M |
自由现金流率FCFSPTC
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 41.7% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 40.9% | ||
| Q1 24 | — | 41.0% |
资本支出强度FCFSPTC
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.6% |
现金转化率FCFSPTC
| Q4 25 | 1.98× | 1.62× | ||
| Q3 25 | 1.64× | 0.30× | ||
| Q2 25 | 1.95× | 1.73× | ||
| Q1 25 | 1.51× | 1.73× | ||
| Q4 24 | 2.37× | 2.90× | ||
| Q3 24 | 1.74× | 0.78× | ||
| Q2 24 | 2.16× | 3.10× | ||
| Q1 24 | 2.00× | 2.19× |
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% |
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
