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FirstCash Holdings, Inc.（FCFS）与Sinclair, Inc.（SBGI）财务数据对比。点击上方公司名可切换其他公司
Sinclair, Inc.的季度营收约是FirstCash Holdings, Inc.的1.7倍（$836.0M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs 13.0%，领先7.7%），FirstCash Holdings, Inc.同比增速更快（21.2% vs -16.7%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 2.4%）
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。
辛克莱公司（以辛克莱广播集团开展业务）是一家上市的美国电信综合企业，由创始人朱利安·辛克莱·史密斯的后代控股。公司总部位于马里兰州巴尔的摩郊县科基斯维尔，按电视台数量计算是美国第二大电视台运营商，仅次于奈克斯达媒体集团，在全国100多个市场拥有或运营193家电视台，覆盖美国40%的区域。
FCFS vs SBGI — 直观对比
营收规模更大
SBGI
是对方的1.7倍
$501.3M
营收增速更快
FCFS
高出37.9%
-16.7%
净利率更高
FCFS
高出7.7%
13.0%
两年增速更快
FCFS
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $836.0M |
| 净利润 | $104.2M | $109.0M |
| 毛利率 | — | — |
| 营业利润率 | 28.5% | 9.6% |
| 净利率 | 20.8% | 13.0% |
| 营收同比 | 21.2% | -16.7% |
| 净利润同比 | 24.7% | -38.1% |
| 每股收益（稀释后） | $2.35 | $1.62 |
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FCFSSBGI
| Q4 25 | $501.3M | $836.0M | ||
| Q3 25 | $411.0M | $773.0M | ||
| Q2 25 | $385.1M | $784.0M | ||
| Q1 25 | $371.1M | $776.0M | ||
| Q4 24 | $413.7M | $1.0B | ||
| Q3 24 | $363.1M | $917.0M | ||
| Q2 24 | $363.5M | $829.0M | ||
| Q1 24 | $366.8M | $798.0M |
净利润FCFSSBGI
| Q4 25 | $104.2M | $109.0M | ||
| Q3 25 | $82.8M | $-1.0M | ||
| Q2 25 | $59.8M | $-64.0M | ||
| Q1 25 | $83.6M | $-156.0M | ||
| Q4 24 | $83.5M | $176.0M | ||
| Q3 24 | $64.8M | $94.0M | ||
| Q2 24 | $49.1M | $17.0M | ||
| Q1 24 | $61.4M | $23.0M |
营业利润率FCFSSBGI
| Q4 25 | 28.5% | 9.6% | ||
| Q3 25 | 27.4% | 7.5% | ||
| Q2 25 | 21.1% | 2.7% | ||
| Q1 25 | 30.0% | 1.8% | ||
| Q4 24 | 26.5% | 26.5% | ||
| Q3 24 | 23.5% | 19.5% | ||
| Q2 24 | 18.2% | 7.7% | ||
| Q1 24 | 22.3% | 5.3% |
净利率FCFSSBGI
| Q4 25 | 20.8% | 13.0% | ||
| Q3 25 | 20.1% | -0.1% | ||
| Q2 25 | 15.5% | -8.2% | ||
| Q1 25 | 22.5% | -20.1% | ||
| Q4 24 | 20.2% | 17.5% | ||
| Q3 24 | 17.9% | 10.3% | ||
| Q2 24 | 13.5% | 2.1% | ||
| Q1 24 | 16.7% | 2.9% |
每股收益（稀释后）FCFSSBGI
| Q4 25 | $2.35 | $1.62 | ||
| Q3 25 | $1.86 | $-0.02 | ||
| Q2 25 | $1.34 | $-0.91 | ||
| Q1 25 | $1.87 | $-2.30 | ||
| Q4 24 | $1.86 | $2.64 | ||
| Q3 24 | $1.44 | $1.43 | ||
| Q2 24 | $1.08 | $0.27 | ||
| Q1 24 | $1.35 | $0.35 |
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 | $866.0M |
| 总债务越低越好 | $2.2B | $4.4B |
| 股东权益账面价值 | $2.3B | $443.0M |
| 总资产 | $5.3B | $5.9B |
| 负债/权益比越低杠杆越低 | 0.98× | 9.84× |
8季度趋势，按日历期对齐
现金及短期投资FCFSSBGI
| Q4 25 | $125.2M | $866.0M | ||
| Q3 25 | $130.2M | $526.0M | ||
| Q2 25 | $101.5M | $616.0M | ||
| Q1 25 | $146.0M | $631.0M | ||
| Q4 24 | $175.1M | $697.0M | ||
| Q3 24 | $106.3M | $536.0M | ||
| Q2 24 | $113.7M | $378.0M | ||
| Q1 24 | $135.1M | $655.0M |
总债务FCFSSBGI
| Q4 25 | $2.2B | $4.4B | ||
| Q3 25 | $2.2B | $4.1B | ||
| Q2 25 | $1.7B | $4.1B | ||
| Q1 25 | $1.7B | $4.2B | ||
| Q4 24 | $1.7B | $4.1B | ||
| Q3 24 | $1.7B | $4.1B | ||
| Q2 24 | $1.7B | $4.1B | ||
| Q1 24 | $1.5B | $4.1B |
股东权益FCFSSBGI
| Q4 25 | $2.3B | $443.0M | ||
| Q3 25 | $2.2B | $347.0M | ||
| Q2 25 | $2.1B | $361.0M | ||
| Q1 25 | $2.1B | $436.0M | ||
| Q4 24 | $2.1B | $583.0M | ||
| Q3 24 | $2.0B | $415.0M | ||
| Q2 24 | $2.0B | $340.0M | ||
| Q1 24 | $2.0B | $333.0M |
总资产FCFSSBGI
| Q4 25 | $5.3B | $5.9B | ||
| Q3 25 | $5.2B | $5.6B | ||
| Q2 25 | $4.5B | $5.7B | ||
| Q1 25 | $4.4B | $5.8B | ||
| Q4 24 | $4.5B | $5.9B | ||
| Q3 24 | $4.4B | $5.8B | ||
| Q2 24 | $4.3B | $5.7B | ||
| Q1 24 | $4.2B | $6.0B |
负债/权益比FCFSSBGI
| Q4 25 | 0.98× | 9.84× | ||
| Q3 25 | 1.01× | 11.75× | ||
| Q2 25 | 0.79× | 11.30× | ||
| Q1 25 | 0.83× | 9.56× | ||
| Q4 24 | 0.85× | 7.02× | ||
| Q3 24 | 0.87× | 9.86× | ||
| Q2 24 | 0.85× | 12.08× | ||
| Q1 24 | 0.75× | 12.35× |
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 | $98.0M |
| 自由现金流经营现金流 - 资本支出 | — | $79.0M |
| 自由现金流率自由现金流/营收 | — | 9.4% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | 1.98× | 0.90× |
| 过去12个月自由现金流最近4个季度 | — | $115.0M |
8季度趋势，按日历期对齐
经营现金流FCFSSBGI
| Q4 25 | $206.6M | $98.0M | ||
| Q3 25 | $135.8M | $-36.0M | ||
| Q2 25 | $116.9M | $122.0M | ||
| Q1 25 | $126.6M | $5.0M | ||
| Q4 24 | $198.1M | $198.0M | ||
| Q3 24 | $113.1M | $210.0M | ||
| Q2 24 | $106.2M | $-306.0M | ||
| Q1 24 | $122.5M | $-4.0M |
自由现金流FCFSSBGI
| Q4 25 | — | $79.0M | ||
| Q3 25 | — | $-58.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $-11.0M | ||
| Q4 24 | — | $175.0M | ||
| Q3 24 | — | $193.0M | ||
| Q2 24 | — | $-329.0M | ||
| Q1 24 | — | $-25.0M |
自由现金流率FCFSSBGI
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | -7.5% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | -1.4% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | -39.7% | ||
| Q1 24 | — | -3.1% |
资本支出强度FCFSSBGI
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 2.6% |
现金转化率FCFSSBGI
| Q4 25 | 1.98× | 0.90× | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 2.37× | 1.13× | ||
| Q3 24 | 1.74× | 2.23× | ||
| Q2 24 | 2.16× | -18.00× | ||
| 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% |
SBGI
| Distribution Revenue | $384.0M | 46% |
| Core Advertising Revenue | $312.0M | 37% |
| Tennis Segment | $62.0M | 7% |
| Other | $40.0M | 5% |
| Other Media Non Media Revenuesand Intercompany Revenues | $24.0M | 3% |
| Political Advertising Revenue | $14.0M | 2% |
