vs
FirstCash Holdings, Inc.（FCFS）与SLM Corp（SLM）财务数据对比。点击上方公司名可切换其他公司
SLM Corp的季度营收约是FirstCash Holdings, Inc.的1.1倍（$560.0M vs $501.3M），SLM Corp净利率更高（55.0% vs 20.8%，领先34.2%），过去两年SLM Corp的营收复合增速更高（22.7% 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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
FCFS vs SLM — 直观对比
营收规模更大
SLM
是对方的1.1倍
$501.3M
净利率更高
SLM
高出34.2%
20.8%
两年增速更快
SLM
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $560.0M |
| 净利润 | $104.2M | $308.0M |
| 毛利率 | — | — |
| 营业利润率 | 28.5% | 69.6% |
| 净利率 | 20.8% | 55.0% |
| 营收同比 | 21.2% | — |
| 净利润同比 | 24.7% | 1.0% |
| 每股收益（稀释后） | $2.35 | $1.54 |
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FCFSSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | $501.3M | $377.1M | ||
| Q3 25 | $411.0M | $373.0M | ||
| Q2 25 | $385.1M | $376.8M | ||
| Q1 25 | $371.1M | $375.0M | ||
| Q4 24 | $413.7M | $362.2M | ||
| Q3 24 | $363.1M | $359.4M | ||
| Q2 24 | $363.5M | $372.2M |
净利润FCFSSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | $104.2M | $233.2M | ||
| Q3 25 | $82.8M | $135.8M | ||
| Q2 25 | $59.8M | $71.3M | ||
| Q1 25 | $83.6M | $304.5M | ||
| Q4 24 | $83.5M | $111.6M | ||
| Q3 24 | $64.8M | $-45.2M | ||
| Q2 24 | $49.1M | $252.0M |
营业利润率FCFSSLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | 28.5% | 83.8% | ||
| Q3 25 | 27.4% | 49.8% | ||
| Q2 25 | 21.1% | 23.3% | ||
| Q1 25 | 30.0% | — | ||
| Q4 24 | 26.5% | 36.5% | ||
| Q3 24 | 23.5% | -16.6% | ||
| Q2 24 | 18.2% | 91.0% |
净利率FCFSSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | 20.8% | 61.8% | ||
| Q3 25 | 20.1% | 36.4% | ||
| Q2 25 | 15.5% | 18.9% | ||
| Q1 25 | 22.5% | 81.2% | ||
| Q4 24 | 20.2% | 30.8% | ||
| Q3 24 | 17.9% | -12.6% | ||
| Q2 24 | 13.5% | 67.7% |
每股收益（稀释后）FCFSSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | $2.35 | $1.11 | ||
| Q3 25 | $1.86 | $0.63 | ||
| Q2 25 | $1.34 | $0.32 | ||
| Q1 25 | $1.87 | $1.40 | ||
| Q4 24 | $1.86 | $0.53 | ||
| Q3 24 | $1.44 | $-0.23 | ||
| Q2 24 | $1.08 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | $2.2B | $6.2B |
| 股东权益账面价值 | $2.3B | $2.4B |
| 总资产 | $5.3B | $29.4B |
| 负债/权益比越低杠杆越低 | 0.98× | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资FCFSSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $125.2M | $4.2B | ||
| Q3 25 | $130.2M | $3.5B | ||
| Q2 25 | $101.5M | $4.1B | ||
| Q1 25 | $146.0M | $3.7B | ||
| Q4 24 | $175.1M | $4.7B | ||
| Q3 24 | $106.3M | $4.5B | ||
| Q2 24 | $113.7M | $5.3B |
总债务FCFSSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | $2.2B | $5.4B | ||
| Q3 25 | $2.2B | $6.8B | ||
| Q2 25 | $1.7B | $6.4B | ||
| Q1 25 | $1.7B | $6.1B | ||
| Q4 24 | $1.7B | $6.4B | ||
| Q3 24 | $1.7B | $6.0B | ||
| Q2 24 | $1.7B | $5.4B |
股东权益FCFSSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | $2.2B | $2.3B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.1B | $2.4B | ||
| Q4 24 | $2.1B | $2.2B | ||
| Q3 24 | $2.0B | $2.1B | ||
| Q2 24 | $2.0B | $2.3B |
总资产FCFSSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | $5.3B | $29.7B | ||
| Q3 25 | $5.2B | $29.6B | ||
| Q2 25 | $4.5B | $29.6B | ||
| Q1 25 | $4.4B | $28.9B | ||
| Q4 24 | $4.5B | $30.1B | ||
| Q3 24 | $4.4B | $30.0B | ||
| Q2 24 | $4.3B | $28.8B |
负债/权益比FCFSSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | 0.98× | 2.19× | ||
| Q3 25 | 1.01× | 2.92× | ||
| Q2 25 | 0.79× | 2.70× | ||
| Q1 25 | 0.83× | 2.56× | ||
| Q4 24 | 0.85× | 2.98× | ||
| Q3 24 | 0.87× | 2.83× | ||
| Q2 24 | 0.85× | 2.37× |
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FCFSSLM
| Q1 26 | — | — | ||
| Q4 25 | $206.6M | $-64.5M | ||
| Q3 25 | $135.8M | $-49.3M | ||
| Q2 25 | $116.9M | $-138.7M | ||
| Q1 25 | $126.6M | $-146.1M | ||
| Q4 24 | $198.1M | $4.5M | ||
| Q3 24 | $113.1M | $-113.4M | ||
| Q2 24 | $106.2M | $-143.8M |
现金转化率FCFSSLM
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | -0.28× | ||
| Q3 25 | 1.64× | -0.36× | ||
| Q2 25 | 1.95× | -1.95× | ||
| Q1 25 | 1.51× | -0.48× | ||
| Q4 24 | 2.37× | 0.04× | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.16× | -0.57× |
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% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
