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FirstCash Holdings, Inc.（FCFS）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是FirstCash Holdings, Inc.的1.4倍（$725.6M vs $501.3M），Reddit, Inc.净利率更高（34.7% vs 20.8%，领先13.9%），Reddit, Inc.同比增速更快（69.7% vs 21.2%），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs 16.9%）
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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
FCFS vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.4倍
$501.3M
营收增速更快
RDDT
高出48.5%
21.2%
净利率更高
RDDT
高出13.9%
20.8%
两年增速更快
RDDT
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $725.6M |
| 净利润 | $104.2M | $251.6M |
| 毛利率 | — | 91.9% |
| 营业利润率 | 28.5% | 31.9% |
| 净利率 | 20.8% | 34.7% |
| 营收同比 | 21.2% | 69.7% |
| 净利润同比 | 24.7% | 254.2% |
| 每股收益（稀释后） | $2.35 | $1.24 |
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FCFSRDDT
| Q4 25 | $501.3M | $725.6M | ||
| Q3 25 | $411.0M | $584.9M | ||
| Q2 25 | $385.1M | $499.6M | ||
| Q1 25 | $371.1M | $392.4M | ||
| Q4 24 | $413.7M | $427.7M | ||
| Q3 24 | $363.1M | $348.4M | ||
| Q2 24 | $363.5M | $281.2M | ||
| Q1 24 | $366.8M | $243.0M |
净利润FCFSRDDT
| Q4 25 | $104.2M | $251.6M | ||
| Q3 25 | $82.8M | $162.7M | ||
| Q2 25 | $59.8M | $89.3M | ||
| Q1 25 | $83.6M | $26.2M | ||
| Q4 24 | $83.5M | $71.0M | ||
| Q3 24 | $64.8M | $29.9M | ||
| Q2 24 | $49.1M | $-10.1M | ||
| Q1 24 | $61.4M | $-575.1M |
毛利率FCFSRDDT
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 88.6% |
营业利润率FCFSRDDT
| Q4 25 | 28.5% | 31.9% | ||
| Q3 25 | 27.4% | 23.7% | ||
| Q2 25 | 21.1% | 13.6% | ||
| Q1 25 | 30.0% | 1.0% | ||
| Q4 24 | 26.5% | 12.4% | ||
| Q3 24 | 23.5% | 2.0% | ||
| Q2 24 | 18.2% | -11.0% | ||
| Q1 24 | 22.3% | -242.5% |
净利率FCFSRDDT
| Q4 25 | 20.8% | 34.7% | ||
| Q3 25 | 20.1% | 27.8% | ||
| Q2 25 | 15.5% | 17.9% | ||
| Q1 25 | 22.5% | 6.7% | ||
| Q4 24 | 20.2% | 16.6% | ||
| Q3 24 | 17.9% | 8.6% | ||
| Q2 24 | 13.5% | -3.6% | ||
| Q1 24 | 16.7% | -236.7% |
每股收益（稀释后）FCFSRDDT
| Q4 25 | $2.35 | $1.24 | ||
| Q3 25 | $1.86 | $0.80 | ||
| Q2 25 | $1.34 | $0.45 | ||
| Q1 25 | $1.87 | $0.13 | ||
| Q4 24 | $1.86 | $4.76 | ||
| Q3 24 | $1.44 | $0.16 | ||
| Q2 24 | $1.08 | $-0.06 | ||
| Q1 24 | $1.35 | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $2.3B | $2.9B |
| 总资产 | $5.3B | $3.2B |
| 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FCFSRDDT
| Q4 25 | $125.2M | $953.6M | ||
| Q3 25 | $130.2M | $911.7M | ||
| Q2 25 | $101.5M | $734.1M | ||
| Q1 25 | $146.0M | $635.7M | ||
| Q4 24 | $175.1M | $562.1M | ||
| Q3 24 | $106.3M | $515.9M | ||
| Q2 24 | $113.7M | $468.0M | ||
| Q1 24 | $135.1M | $968.5M |
总债务FCFSRDDT
| 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FCFSRDDT
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $2.2B | $2.6B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.1B | $2.2B | ||
| Q4 24 | $2.1B | $2.1B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $2.0B | $1.9B | ||
| Q1 24 | $2.0B | $1.8B |
总资产FCFSRDDT
| Q4 25 | $5.3B | $3.2B | ||
| Q3 25 | $5.2B | $2.9B | ||
| Q2 25 | $4.5B | $2.6B | ||
| Q1 25 | $4.4B | $2.4B | ||
| Q4 24 | $4.5B | $2.3B | ||
| Q3 24 | $4.4B | $2.2B | ||
| Q2 24 | $4.3B | $2.1B | ||
| Q1 24 | $4.2B | $2.0B |
负债/权益比FCFSRDDT
| 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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | — | $263.6M |
| 自由现金流率自由现金流/营收 | — | 36.3% |
| 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× | 1.06× |
| 过去12个月自由现金流最近4个季度 | — | $684.2M |
8季度趋势，按日历期对齐
经营现金流FCFSRDDT
| Q4 25 | $206.6M | $266.8M | ||
| Q3 25 | $135.8M | $185.2M | ||
| Q2 25 | $116.9M | $111.3M | ||
| Q1 25 | $126.6M | $127.6M | ||
| Q4 24 | $198.1M | $90.0M | ||
| Q3 24 | $113.1M | $71.6M | ||
| Q2 24 | $106.2M | $28.4M | ||
| Q1 24 | $122.5M | $32.1M |
自由现金流FCFSRDDT
| Q4 25 | — | $263.6M | ||
| Q3 25 | — | $183.1M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $126.6M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | — | $70.3M | ||
| Q2 24 | — | $27.2M | ||
| Q1 24 | — | $29.2M |
自由现金流率FCFSRDDT
| Q4 25 | — | 36.3% | ||
| Q3 25 | — | 31.3% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 12.0% |
资本支出强度FCFSRDDT
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 1.2% |
现金转化率FCFSRDDT
| Q4 25 | 1.98× | 1.06× | ||
| Q3 25 | 1.64× | 1.14× | ||
| Q2 25 | 1.95× | 1.25× | ||
| Q1 25 | 1.51× | 4.88× | ||
| Q4 24 | 2.37× | 1.27× | ||
| Q3 24 | 1.74× | 2.40× | ||
| 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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
