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FirstCash Holdings, Inc.（FCFS）与SUBURBAN PROPANE PARTNERS LP（SPH）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SUBURBAN PROPANE PARTNERS LP的1.4倍（$501.3M vs $370.4M）。FirstCash Holdings, Inc.净利率更高（20.8% vs 12.4%，领先8.4%）。FirstCash Holdings, Inc.同比增速更快（21.2% vs -0.8%）。过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs -13.8%）
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。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
FCFS vs SPH — 直观对比
营收规模更大
FCFS
是对方的1.4倍
$370.4M
营收增速更快
FCFS
高出22.0%
-0.8%
净利率更高
FCFS
高出8.4%
12.4%
两年增速更快
FCFS
近两年复合增速
-13.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $370.4M |
| 净利润 | $104.2M | $45.8M |
| 毛利率 | — | 64.7% |
| 营业利润率 | 28.5% | 18.3% |
| 净利率 | 20.8% | 12.4% |
| 营收同比 | 21.2% | -0.8% |
| 净利润同比 | 24.7% | 135.7% |
| 每股收益（稀释后） | $2.35 | $0.69 |
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FCFSSPH
| Q4 25 | $501.3M | $370.4M | ||
| Q3 25 | $411.0M | $211.4M | ||
| Q2 25 | $385.1M | $260.1M | ||
| Q1 25 | $371.1M | $587.7M | ||
| Q4 24 | $413.7M | $373.3M | ||
| Q3 24 | $363.1M | $208.6M | ||
| Q2 24 | $363.5M | $254.6M | ||
| Q1 24 | $366.8M | $498.1M |
净利润FCFSSPH
| Q4 25 | $104.2M | $45.8M | ||
| Q3 25 | $82.8M | $-35.1M | ||
| Q2 25 | $59.8M | $-14.8M | ||
| Q1 25 | $83.6M | $137.1M | ||
| Q4 24 | $83.5M | $19.4M | ||
| Q3 24 | $64.8M | $-44.6M | ||
| Q2 24 | $49.1M | $-17.2M | ||
| Q1 24 | $61.4M | $111.5M |
毛利率FCFSSPH
| Q4 25 | — | 64.7% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 61.7% | ||
| Q1 25 | — | 58.8% | ||
| Q4 24 | — | 60.6% | ||
| Q3 24 | — | 59.4% | ||
| Q2 24 | — | 62.9% | ||
| Q1 24 | — | 61.8% |
营业利润率FCFSSPH
| Q4 25 | 28.5% | 18.3% | ||
| Q3 25 | 27.4% | -7.9% | ||
| Q2 25 | 21.1% | 2.1% | ||
| Q1 25 | 30.0% | 27.0% | ||
| Q4 24 | 26.5% | 15.8% | ||
| Q3 24 | 23.5% | -10.8% | ||
| Q2 24 | 18.2% | 3.2% | ||
| Q1 24 | 22.3% | 27.5% |
净利率FCFSSPH
| Q4 25 | 20.8% | 12.4% | ||
| Q3 25 | 20.1% | -16.6% | ||
| Q2 25 | 15.5% | -5.7% | ||
| Q1 25 | 22.5% | 23.3% | ||
| Q4 24 | 20.2% | 5.2% | ||
| Q3 24 | 17.9% | -21.4% | ||
| Q2 24 | 13.5% | -6.8% | ||
| Q1 24 | 16.7% | 22.4% |
每股收益（稀释后）FCFSSPH
| Q4 25 | $2.35 | $0.69 | ||
| Q3 25 | $1.86 | $-0.55 | ||
| Q2 25 | $1.34 | $-0.23 | ||
| Q1 25 | $1.87 | $2.10 | ||
| Q4 24 | $1.86 | $0.30 | ||
| Q3 24 | $1.44 | $-0.69 | ||
| Q2 24 | $1.08 | $-0.27 | ||
| Q1 24 | $1.35 | $1.72 |
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 | $1.3M |
| 总债务越低越好 | $2.2B | $1.3B |
| 股东权益账面价值 | $2.3B | — |
| 总资产 | $5.3B | $2.4B |
| 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FCFSSPH
| Q4 25 | $125.2M | $1.3M | ||
| Q3 25 | $130.2M | $405.0K | ||
| Q2 25 | $101.5M | $1.3M | ||
| Q1 25 | $146.0M | $3.9M | ||
| Q4 24 | $175.1M | $4.4M | ||
| Q3 24 | $106.3M | $3.2M | ||
| Q2 24 | $113.7M | $4.9M | ||
| Q1 24 | $135.1M | $4.4M |
总债务FCFSSPH
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
股东权益FCFSSPH
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
总资产FCFSSPH
| Q4 25 | $5.3B | $2.4B | ||
| Q3 25 | $5.2B | $2.3B | ||
| Q2 25 | $4.5B | $2.3B | ||
| Q1 25 | $4.4B | $2.4B | ||
| Q4 24 | $4.5B | $2.4B | ||
| Q3 24 | $4.4B | $2.3B | ||
| Q2 24 | $4.3B | $2.3B | ||
| Q1 24 | $4.2B | $2.3B |
负债/权益比FCFSSPH
| 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 | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-67.5M |
| 自由现金流率自由现金流/营收 | — | -18.2% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 现金转化率经营现金流/净利润 | 1.98× | -1.04× |
| 过去12个月自由现金流最近4个季度 | — | $61.9M |
8季度趋势，按日历期对齐
经营现金流FCFSSPH
| Q4 25 | $206.6M | $-47.7M | ||
| Q3 25 | $135.8M | $41.8M | ||
| Q2 25 | $116.9M | $95.5M | ||
| Q1 25 | $126.6M | $40.1M | ||
| Q4 24 | $198.1M | $8.8M | ||
| Q3 24 | $113.1M | $36.8M | ||
| Q2 24 | $106.2M | $61.4M | ||
| Q1 24 | $122.5M | $75.1M |
自由现金流FCFSSPH
| Q4 25 | — | $-67.5M | ||
| Q3 25 | — | $27.7M | ||
| Q2 25 | — | $80.9M | ||
| Q1 25 | — | $20.8M | ||
| Q4 24 | — | $-15.1M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | — | $46.8M | ||
| Q1 24 | — | $60.6M |
自由现金流率FCFSSPH
| Q4 25 | — | -18.2% | ||
| Q3 25 | — | 13.1% | ||
| Q2 25 | — | 31.1% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | 18.4% | ||
| Q1 24 | — | 12.2% |
资本支出强度FCFSSPH
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | 2.9% |
现金转化率FCFSSPH
| Q4 25 | 1.98× | -1.04× | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 1.51× | 0.29× | ||
| Q4 24 | 2.37× | 0.45× | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.16× | — | ||
| Q1 24 | 2.00× | 0.67× |
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% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
