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FirstCash Holdings, Inc.（FCFS）与STEPAN CO（SCL）财务数据对比。点击上方公司名可切换其他公司
STEPAN CO的季度营收约是FirstCash Holdings, Inc.的1.2倍（$604.5M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs 3.3%，领先17.5%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 1.9%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 4.2%）
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。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
FCFS vs SCL — 直观对比
营收规模更大
SCL
是对方的1.2倍
$501.3M
营收增速更快
FCFS
高出19.3%
1.9%
净利率更高
FCFS
高出17.5%
3.3%
两年增速更快
FCFS
近两年复合增速
4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $604.5M |
| 净利润 | $104.2M | $19.7M |
| 毛利率 | — | 10.7% |
| 营业利润率 | 28.5% | 4.7% |
| 净利率 | 20.8% | 3.3% |
| 营收同比 | 21.2% | 1.9% |
| 净利润同比 | 24.7% | — |
| 每股收益（稀释后） | $2.35 | $0.86 |
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FCFSSCL
| Q1 26 | — | $604.5M | ||
| Q4 25 | $501.3M | $553.9M | ||
| Q3 25 | $411.0M | $590.3M | ||
| Q2 25 | $385.1M | $594.7M | ||
| Q1 25 | $371.1M | $593.3M | ||
| Q4 24 | $413.7M | $525.6M | ||
| Q3 24 | $363.1M | $546.8M | ||
| Q2 24 | $363.5M | $556.4M |
净利润FCFSSCL
| Q1 26 | — | $19.7M | ||
| Q4 25 | $104.2M | $5.0M | ||
| Q3 25 | $82.8M | $10.8M | ||
| Q2 25 | $59.8M | $11.3M | ||
| Q1 25 | $83.6M | $19.7M | ||
| Q4 24 | $83.5M | $3.4M | ||
| Q3 24 | $64.8M | $23.6M | ||
| Q2 24 | $49.1M | $9.5M |
毛利率FCFSSCL
| Q1 26 | — | 10.7% | ||
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 12.7% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 12.5% |
营业利润率FCFSSCL
| Q1 26 | — | 4.7% | ||
| Q4 25 | 28.5% | 1.9% | ||
| Q3 25 | 27.4% | 3.7% | ||
| Q2 25 | 21.1% | 3.0% | ||
| Q1 25 | 30.0% | 4.8% | ||
| Q4 24 | 26.5% | 1.5% | ||
| Q3 24 | 23.5% | 4.4% | ||
| Q2 24 | 18.2% | 3.4% |
净利率FCFSSCL
| Q1 26 | — | 3.3% | ||
| Q4 25 | 20.8% | 0.9% | ||
| Q3 25 | 20.1% | 1.8% | ||
| Q2 25 | 15.5% | 1.9% | ||
| Q1 25 | 22.5% | 3.3% | ||
| Q4 24 | 20.2% | 0.6% | ||
| Q3 24 | 17.9% | 4.3% | ||
| Q2 24 | 13.5% | 1.7% |
每股收益（稀释后）FCFSSCL
| Q1 26 | — | $0.86 | ||
| Q4 25 | $2.35 | $0.22 | ||
| Q3 25 | $1.86 | $0.47 | ||
| Q2 25 | $1.34 | $0.50 | ||
| Q1 25 | $1.87 | $0.86 | ||
| Q4 24 | $1.86 | $0.14 | ||
| Q3 24 | $1.44 | $1.03 | ||
| Q2 24 | $1.08 | $0.42 |
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 | — |
| 总债务越低越好 | $2.2B | $328.4M |
| 股东权益账面价值 | $2.3B | $1.2B |
| 总资产 | $5.3B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资FCFSSCL
| Q1 26 | — | — | ||
| Q4 25 | $125.2M | $132.7M | ||
| Q3 25 | $130.2M | $118.5M | ||
| Q2 25 | $101.5M | $88.9M | ||
| Q1 25 | $146.0M | $107.5M | ||
| Q4 24 | $175.1M | $99.7M | ||
| Q3 24 | $106.3M | $147.3M | ||
| Q2 24 | $113.7M | $124.7M |
总债务FCFSSCL
| Q1 26 | — | $328.4M | ||
| Q4 25 | $2.2B | $626.7M | ||
| Q3 25 | $2.2B | $655.5M | ||
| Q2 25 | $1.7B | $658.0M | ||
| Q1 25 | $1.7B | $659.3M | ||
| Q4 24 | $1.7B | $625.4M | ||
| Q3 24 | $1.7B | $688.5M | ||
| Q2 24 | $1.7B | $657.1M |
股东权益FCFSSCL
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B |
总资产FCFSSCL
| Q1 26 | — | $2.3B | ||
| Q4 25 | $5.3B | $2.4B | ||
| Q3 25 | $5.2B | $2.4B | ||
| Q2 25 | $4.5B | $2.4B | ||
| Q1 25 | $4.4B | $2.4B | ||
| Q4 24 | $4.5B | $2.3B | ||
| Q3 24 | $4.4B | $2.4B | ||
| Q2 24 | $4.3B | $2.3B |
负债/权益比FCFSSCL
| Q1 26 | — | 0.28× | ||
| Q4 25 | 0.98× | 0.50× | ||
| Q3 25 | 1.01× | 0.53× | ||
| Q2 25 | 0.79× | 0.53× | ||
| Q1 25 | 0.83× | 0.55× | ||
| Q4 24 | 0.85× | 0.53× | ||
| Q3 24 | 0.87× | 0.56× | ||
| Q2 24 | 0.85× | 0.55× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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FCFSSCL
| Q1 26 | — | — | ||
| Q4 25 | $206.6M | $60.0M | ||
| Q3 25 | $135.8M | $69.8M | ||
| Q2 25 | $116.9M | $11.2M | ||
| Q1 25 | $126.6M | $6.9M | ||
| Q4 24 | $198.1M | $68.3M | ||
| Q3 24 | $113.1M | $22.7M | ||
| Q2 24 | $106.2M | $29.5M |
自由现金流FCFSSCL
| Q1 26 | — | — | ||
| Q4 25 | — | $25.4M | ||
| Q3 25 | — | $40.2M | ||
| Q2 25 | — | $-14.4M | ||
| Q1 25 | — | $-25.8M | ||
| Q4 24 | — | $32.1M | ||
| Q3 24 | — | $-4.0M | ||
| Q2 24 | — | $-208.0K |
自由现金流率FCFSSCL
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | -2.4% | ||
| Q1 25 | — | -4.3% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | — | -0.0% |
资本支出强度FCFSSCL
| Q1 26 | — | — | ||
| Q4 25 | — | 6.3% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 5.3% |
现金转化率FCFSSCL
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 11.99× | ||
| Q3 25 | 1.64× | 6.44× | ||
| Q2 25 | 1.95× | 0.99× | ||
| Q1 25 | 1.51× | 0.35× | ||
| Q4 24 | 2.37× | 20.38× | ||
| Q3 24 | 1.74× | 0.96× | ||
| Q2 24 | 2.16× | 3.10× |
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% |
SCL
| Surfactants | $453.7M | 75% |
| Polymers | $130.0M | 22% |
| Specialty Products | $20.8M | 3% |
