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FirstCash Holdings, Inc.（FCFS）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是FirstCash Holdings, Inc.的1.5倍（$755.6M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs 11.6%，领先9.2%），STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs 21.2%），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（31.0% 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
FCFS vs STRL — 直观对比
营收规模更大
STRL
是对方的1.5倍
$501.3M
营收增速更快
STRL
高出30.3%
21.2%
净利率更高
FCFS
高出9.2%
11.6%
两年增速更快
STRL
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $755.6M |
| 净利润 | $104.2M | $87.6M |
| 毛利率 | — | 21.7% |
| 营业利润率 | 28.5% | 15.9% |
| 净利率 | 20.8% | 11.6% |
| 营收同比 | 21.2% | 51.5% |
| 净利润同比 | 24.7% | -22.6% |
| 每股收益（稀释后） | $2.35 | $2.82 |
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FCFSSTRL
| Q4 25 | $501.3M | $755.6M | ||
| Q3 25 | $411.0M | $689.0M | ||
| Q2 25 | $385.1M | $614.5M | ||
| Q1 25 | $371.1M | $430.9M | ||
| Q4 24 | $413.7M | $498.8M | ||
| Q3 24 | $363.1M | $593.7M | ||
| Q2 24 | $363.5M | $582.8M | ||
| Q1 24 | $366.8M | $440.4M |
净利润FCFSSTRL
| Q4 25 | $104.2M | $87.6M | ||
| Q3 25 | $82.8M | $92.1M | ||
| Q2 25 | $59.8M | $71.0M | ||
| Q1 25 | $83.6M | $39.5M | ||
| Q4 24 | $83.5M | $113.2M | ||
| Q3 24 | $64.8M | $61.3M | ||
| Q2 24 | $49.1M | $51.9M | ||
| Q1 24 | $61.4M | $31.0M |
毛利率FCFSSTRL
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 21.9% | ||
| Q2 24 | — | 19.3% | ||
| Q1 24 | — | 17.5% |
营业利润率FCFSSTRL
| Q4 25 | 28.5% | 15.9% | ||
| Q3 25 | 27.4% | 18.2% | ||
| Q2 25 | 21.1% | 17.0% | ||
| Q1 25 | 30.0% | 13.0% | ||
| Q4 24 | 26.5% | 12.5% | ||
| Q3 24 | 23.5% | 14.7% | ||
| Q2 24 | 18.2% | 12.5% | ||
| Q1 24 | 22.3% | 9.6% |
净利率FCFSSTRL
| Q4 25 | 20.8% | 11.6% | ||
| Q3 25 | 20.1% | 13.4% | ||
| Q2 25 | 15.5% | 11.6% | ||
| Q1 25 | 22.5% | 9.2% | ||
| Q4 24 | 20.2% | 22.7% | ||
| Q3 24 | 17.9% | 10.3% | ||
| Q2 24 | 13.5% | 8.9% | ||
| Q1 24 | 16.7% | 7.1% |
每股收益（稀释后）FCFSSTRL
| Q4 25 | $2.35 | $2.82 | ||
| Q3 25 | $1.86 | $2.97 | ||
| Q2 25 | $1.34 | $2.31 | ||
| Q1 25 | $1.87 | $1.28 | ||
| Q4 24 | $1.86 | $3.63 | ||
| Q3 24 | $1.44 | $1.97 | ||
| Q2 24 | $1.08 | $1.67 | ||
| Q1 24 | $1.35 | $1.00 |
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 | $390.7M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $2.3B | $1.1B |
| 总资产 | $5.3B | $2.6B |
| 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FCFSSTRL
| Q4 25 | $125.2M | $390.7M | ||
| Q3 25 | $130.2M | $306.4M | ||
| Q2 25 | $101.5M | $699.4M | ||
| Q1 25 | $146.0M | $638.6M | ||
| Q4 24 | $175.1M | $664.2M | ||
| Q3 24 | $106.3M | $648.1M | ||
| Q2 24 | $113.7M | $540.0M | ||
| Q1 24 | $135.1M | $480.4M |
总债务FCFSSTRL
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.5B | — |
股东权益FCFSSTRL
| Q4 25 | $2.3B | $1.1B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.1B | $881.7M | ||
| Q1 25 | $2.1B | $805.4M | ||
| Q4 24 | $2.1B | $808.1M | ||
| Q3 24 | $2.0B | $716.5M | ||
| Q2 24 | $2.0B | $670.7M | ||
| Q1 24 | $2.0B | $644.6M |
总资产FCFSSTRL
| Q4 25 | $5.3B | $2.6B | ||
| Q3 25 | $5.2B | $2.6B | ||
| Q2 25 | $4.5B | $2.2B | ||
| Q1 25 | $4.4B | $2.0B | ||
| Q4 24 | $4.5B | $2.0B | ||
| Q3 24 | $4.4B | $2.0B | ||
| Q2 24 | $4.3B | $2.0B | ||
| Q1 24 | $4.2B | $1.8B |
负债/权益比FCFSSTRL
| 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 | $186.1M |
| 自由现金流经营现金流 - 资本支出 | — | $159.7M |
| 自由现金流率自由现金流/营收 | — | 21.1% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | 1.98× | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $362.7M |
8季度趋势，按日历期对齐
经营现金流FCFSSTRL
| Q4 25 | $206.6M | $186.1M | ||
| Q3 25 | $135.8M | $83.6M | ||
| Q2 25 | $116.9M | $85.4M | ||
| Q1 25 | $126.6M | $84.9M | ||
| Q4 24 | $198.1M | $174.3M | ||
| Q3 24 | $113.1M | $152.3M | ||
| Q2 24 | $106.2M | $121.0M | ||
| Q1 24 | $122.5M | $49.6M |
自由现金流FCFSSTRL
| Q4 25 | — | $159.7M | ||
| Q3 25 | — | $64.0M | ||
| Q2 25 | — | $72.1M | ||
| Q1 25 | — | $67.0M | ||
| Q4 24 | — | $158.6M | ||
| Q3 24 | — | $138.3M | ||
| Q2 24 | — | $92.1M | ||
| Q1 24 | — | $27.2M |
自由现金流率FCFSSTRL
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 15.8% | ||
| Q1 24 | — | 6.2% |
资本支出强度FCFSSTRL
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | — | 5.1% |
现金转化率FCFSSTRL
| Q4 25 | 1.98× | 2.12× | ||
| Q3 25 | 1.64× | 0.91× | ||
| Q2 25 | 1.95× | 1.20× | ||
| Q1 25 | 1.51× | 2.15× | ||
| Q4 24 | 2.37× | 1.54× | ||
| Q3 24 | 1.74× | 2.48× | ||
| Q2 24 | 2.16× | 2.33× | ||
| Q1 24 | 2.00× | 1.60× |
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% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
