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FirstCash Holdings, Inc.（FCFS）与Ryman Hospitality Properties, Inc.（RHP）财务数据对比。点击上方公司名可切换其他公司
Ryman Hospitality Properties, Inc.的季度营收约是FirstCash Holdings, Inc.的1.5倍（$737.8M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs 10.1%，领先10.7%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 13.9%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% 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。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
FCFS vs RHP — 直观对比
营收规模更大
RHP
是对方的1.5倍
$501.3M
营收增速更快
FCFS
高出7.3%
13.9%
净利率更高
FCFS
高出10.7%
10.1%
两年增速更快
RHP
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $737.8M |
| 净利润 | $104.2M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 28.5% | 19.4% |
| 净利率 | 20.8% | 10.1% |
| 营收同比 | 21.2% | 13.9% |
| 净利润同比 | 24.7% | 3.0% |
| 每股收益（稀释后） | $2.35 | $1.12 |
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FCFSRHP
| Q4 25 | $501.3M | $737.8M | ||
| Q3 25 | $411.0M | $592.5M | ||
| Q2 25 | $385.1M | $659.5M | ||
| Q1 25 | $371.1M | $587.3M | ||
| Q4 24 | $413.7M | $647.6M | ||
| Q3 24 | $363.1M | $550.0M | ||
| Q2 24 | $363.5M | $613.3M | ||
| Q1 24 | $366.8M | $528.3M |
净利润FCFSRHP
| Q4 25 | $104.2M | $74.5M | ||
| Q3 25 | $82.8M | $34.9M | ||
| Q2 25 | $59.8M | $71.8M | ||
| Q1 25 | $83.6M | $63.0M | ||
| Q4 24 | $83.5M | $72.3M | ||
| Q3 24 | $64.8M | $59.0M | ||
| Q2 24 | $49.1M | $100.8M | ||
| Q1 24 | $61.4M | $42.8M |
毛利率FCFSRHP
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 48.4% | ||
| Q1 24 | — | 41.5% |
营业利润率FCFSRHP
| Q4 25 | 28.5% | 19.4% | ||
| Q3 25 | 27.4% | 15.0% | ||
| Q2 25 | 21.1% | 21.1% | ||
| Q1 25 | 30.0% | 19.8% | ||
| Q4 24 | 26.5% | 18.6% | ||
| Q3 24 | 23.5% | 19.3% | ||
| Q2 24 | 18.2% | 27.4% | ||
| Q1 24 | 22.3% | 18.2% |
净利率FCFSRHP
| Q4 25 | 20.8% | 10.1% | ||
| Q3 25 | 20.1% | 5.9% | ||
| Q2 25 | 15.5% | 10.9% | ||
| Q1 25 | 22.5% | 10.7% | ||
| Q4 24 | 20.2% | 11.2% | ||
| Q3 24 | 17.9% | 10.7% | ||
| Q2 24 | 13.5% | 16.4% | ||
| Q1 24 | 16.7% | 8.1% |
每股收益（稀释后）FCFSRHP
| Q4 25 | $2.35 | $1.12 | ||
| Q3 25 | $1.86 | $0.53 | ||
| Q2 25 | $1.34 | $1.12 | ||
| Q1 25 | $1.87 | $1.00 | ||
| Q4 24 | $1.86 | $1.12 | ||
| Q3 24 | $1.44 | $0.94 | ||
| Q2 24 | $1.08 | $1.65 | ||
| Q1 24 | $1.35 | $0.67 |
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 | $471.4M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $2.3B | $750.2M |
| 总资产 | $5.3B | $6.2B |
| 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FCFSRHP
| Q4 25 | $125.2M | $471.4M | ||
| Q3 25 | $130.2M | $483.3M | ||
| Q2 25 | $101.5M | $420.6M | ||
| Q1 25 | $146.0M | $413.9M | ||
| Q4 24 | $175.1M | $477.7M | ||
| Q3 24 | $106.3M | $534.9M | ||
| Q2 24 | $113.7M | $498.4M | ||
| Q1 24 | $135.1M | $465.3M |
总债务FCFSRHP
| 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FCFSRHP
| Q4 25 | $2.3B | $750.2M | ||
| Q3 25 | $2.2B | $758.5M | ||
| Q2 25 | $2.1B | $800.4M | ||
| Q1 25 | $2.1B | $531.5M | ||
| Q4 24 | $2.1B | $549.0M | ||
| Q3 24 | $2.0B | $551.9M | ||
| Q2 24 | $2.0B | $562.6M | ||
| Q1 24 | $2.0B | $529.9M |
总资产FCFSRHP
| Q4 25 | $5.3B | $6.2B | ||
| Q3 25 | $5.2B | $6.2B | ||
| Q2 25 | $4.5B | $6.1B | ||
| Q1 25 | $4.4B | $5.2B | ||
| Q4 24 | $4.5B | $5.2B | ||
| Q3 24 | $4.4B | $5.2B | ||
| Q2 24 | $4.3B | $5.1B | ||
| Q1 24 | $4.2B | $5.1B |
负债/权益比FCFSRHP
| 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 | $164.7M |
| 自由现金流经营现金流 - 资本支出 | — | $58.5M |
| 自由现金流率自由现金流/营收 | — | 7.9% |
| 资本支出强度资本支出/营收 | — | 14.4% |
| 现金转化率经营现金流/净利润 | 1.98× | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $232.4M |
8季度趋势，按日历期对齐
经营现金流FCFSRHP
| Q4 25 | $206.6M | $164.7M | ||
| Q3 25 | $135.8M | $205.2M | ||
| Q2 25 | $116.9M | $122.5M | ||
| Q1 25 | $126.6M | $98.2M | ||
| Q4 24 | $198.1M | $166.6M | ||
| Q3 24 | $113.1M | $218.1M | ||
| Q2 24 | $106.2M | $184.3M | ||
| Q1 24 | $122.5M | $7.5M |
自由现金流FCFSRHP
| Q4 25 | — | $58.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $85.7M | ||
| Q2 24 | — | $78.8M | ||
| Q1 24 | — | $-72.0M |
自由现金流率FCFSRHP
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | — | -13.6% |
资本支出强度FCFSRHP
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 24.1% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | — | 15.0% |
现金转化率FCFSRHP
| Q4 25 | 1.98× | 2.21× | ||
| Q3 25 | 1.64× | 5.88× | ||
| Q2 25 | 1.95× | 1.71× | ||
| Q1 25 | 1.51× | 1.56× | ||
| Q4 24 | 2.37× | 2.30× | ||
| Q3 24 | 1.74× | 3.70× | ||
| Q2 24 | 2.16× | 1.83× | ||
| Q1 24 | 2.00× | 0.17× |
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% |
RHP
| Hotel Other | $157.7M | 21% |
| Gaylord Opryland | $147.4M | 20% |
| Hotel Transient Rooms | $93.6M | 13% |
| Hotel Food And Beverage Outlets | $92.2M | 12% |
| Gaylord Palms | $88.2M | 12% |
| Jw Marriott Hill Country | $53.7M | 7% |
| Entertainment Admissions And Ticketing | $43.1M | 6% |
| Entertainment Food And Beverage | $38.1M | 5% |
| Entertainment Retail And Other | $28.3M | 4% |
| Ac Hotel | $2.4M | 0% |
