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FirstCash Holdings, Inc.（FCFS）与印度钢铁管理局（SAIL）财务数据对比。点击上方公司名可切换其他公司
FirstCash Holdings, Inc.的季度营收约是印度钢铁管理局的1.8倍（$501.3M vs $281.9M），FirstCash Holdings, Inc.净利率更高（20.8% vs -12.8%，领先33.5%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 6.7%）
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。
印度钢铁管理局（SAIL）是总部位于新德里的印度公营钢铁制造企业，属印度最高级别的“马哈拉特纳”中央公共部门企业，是印度最大的国有钢铁生产商，年钢铁产量达1829万吨，1973年1月24日成立，现有员工5.1万余名，由印度钢铁部行政管理。
FCFS vs SAIL — 直观对比
营收规模更大
FCFS
是对方的1.8倍
$281.9M
营收增速更快
FCFS
高出14.5%
6.7%
净利率更高
FCFS
高出33.5%
-12.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $281.9M |
| 净利润 | $104.2M | $-36.0M |
| 毛利率 | — | 66.3% |
| 营业利润率 | 28.5% | -14.8% |
| 净利率 | 20.8% | -12.8% |
| 营收同比 | 21.2% | 6.7% |
| 净利润同比 | 24.7% | -240.9% |
| 每股收益（稀释后） | $2.35 | $-0.06 |
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FCFSSAIL
| Q4 25 | $501.3M | $281.9M | ||
| Q3 25 | $411.0M | $264.4M | ||
| Q2 25 | $385.1M | $230.5M | ||
| Q1 25 | $371.1M | $240.1M | ||
| Q4 24 | $413.7M | — | ||
| Q3 24 | $363.1M | $198.6M | ||
| Q2 24 | $363.5M | $187.7M | ||
| Q1 24 | $366.8M | — |
净利润FCFSSAIL
| Q4 25 | $104.2M | $-36.0M | ||
| Q3 25 | $82.8M | $-10.6M | ||
| Q2 25 | $59.8M | $-187.3M | ||
| Q1 25 | $83.6M | $-80.1M | ||
| Q4 24 | $83.5M | — | ||
| Q3 24 | $64.8M | $-87.1M | ||
| Q2 24 | $49.1M | $-89.2M | ||
| Q1 24 | $61.4M | — |
毛利率FCFSSAIL
| Q4 25 | — | 66.3% | ||
| Q3 25 | — | 67.3% | ||
| Q2 25 | — | 55.4% | ||
| Q1 25 | — | 66.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 62.1% | ||
| Q2 24 | — | 61.5% | ||
| Q1 24 | — | — |
营业利润率FCFSSAIL
| Q4 25 | 28.5% | -14.8% | ||
| Q3 25 | 27.4% | -15.4% | ||
| Q2 25 | 21.1% | -80.3% | ||
| Q1 25 | 30.0% | -12.6% | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | 23.5% | -33.2% | ||
| Q2 24 | 18.2% | -36.3% | ||
| Q1 24 | 22.3% | — |
净利率FCFSSAIL
| Q4 25 | 20.8% | -12.8% | ||
| Q3 25 | 20.1% | -4.0% | ||
| Q2 25 | 15.5% | -81.3% | ||
| Q1 25 | 22.5% | -33.4% | ||
| Q4 24 | 20.2% | — | ||
| Q3 24 | 17.9% | -43.9% | ||
| Q2 24 | 13.5% | -47.5% | ||
| Q1 24 | 16.7% | — |
每股收益（稀释后）FCFSSAIL
| Q4 25 | $2.35 | $-0.06 | ||
| Q3 25 | $1.86 | $-0.02 | ||
| Q2 25 | $1.34 | $-0.42 | ||
| Q1 25 | $1.87 | $-6.50 | ||
| Q4 24 | $1.86 | — | ||
| Q3 24 | $1.44 | $-2.97 | ||
| Q2 24 | $1.08 | $-0.77 | ||
| Q1 24 | $1.35 | — |
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 | $298.1M |
| 总债务越低越好 | $2.2B | $0 |
| 股东权益账面价值 | $2.3B | $6.8B |
| 总资产 | $5.3B | $7.5B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FCFSSAIL
| Q4 25 | $125.2M | $298.1M | ||
| Q3 25 | $130.2M | $271.1M | ||
| Q2 25 | $101.5M | $228.1M | ||
| Q1 25 | $146.0M | $121.3M | ||
| Q4 24 | $175.1M | — | ||
| Q3 24 | $106.3M | $89.7M | ||
| Q2 24 | $113.7M | $146.8M | ||
| Q1 24 | $135.1M | — |
总债务FCFSSAIL
| Q4 25 | $2.2B | $0 | ||
| Q3 25 | $2.2B | $0 | ||
| Q2 25 | $1.7B | $0 | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.5B | — |
股东权益FCFSSAIL
| Q4 25 | $2.3B | $6.8B | ||
| Q3 25 | $2.2B | $6.8B | ||
| Q2 25 | $2.1B | $6.8B | ||
| Q1 25 | $2.1B | $-5.6B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | $-701.3M | ||
| Q2 24 | $2.0B | $-622.5M | ||
| Q1 24 | $2.0B | — |
总资产FCFSSAIL
| Q4 25 | $5.3B | $7.5B | ||
| Q3 25 | $5.2B | $7.4B | ||
| Q2 25 | $4.5B | $7.4B | ||
| Q1 25 | $4.4B | $7.4B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.2B | — |
负债/权益比FCFSSAIL
| Q4 25 | 0.98× | 0.00× | ||
| Q3 25 | 1.01× | 0.00× | ||
| Q2 25 | 0.79× | 0.00× | ||
| 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 | $53.6M |
| 自由现金流经营现金流 - 资本支出 | — | $52.5M |
| 自由现金流率自由现金流/营收 | — | 18.6% |
| 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× | — |
| 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FCFSSAIL
| Q4 25 | $206.6M | $53.6M | ||
| Q3 25 | $135.8M | $49.9M | ||
| Q2 25 | $116.9M | $-96.8M | ||
| Q1 25 | $126.6M | — | ||
| Q4 24 | $198.1M | — | ||
| Q3 24 | $113.1M | — | ||
| Q2 24 | $106.2M | $-55.4M | ||
| Q1 24 | $122.5M | — |
自由现金流FCFSSAIL
| Q4 25 | — | $52.5M | ||
| Q3 25 | — | $49.0M | ||
| Q2 25 | — | $-99.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-56.0M | ||
| Q1 24 | — | — |
自由现金流率FCFSSAIL
| Q4 25 | — | 18.6% | ||
| Q3 25 | — | 18.5% | ||
| Q2 25 | — | -43.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | — |
资本支出强度FCFSSAIL
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | — |
现金转化率FCFSSAIL
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.64× | — | ||
| 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% |
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
