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FirstCash Holdings, Inc.（FCFS）与STARWOOD PROPERTY TRUST, INC.（STWD）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STARWOOD PROPERTY TRUST, INC.的1.0倍（$501.3M vs $492.9M），FirstCash Holdings, Inc.净利率更高（20.8% vs 19.7%，领先1.1%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 8.5%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
FCFS vs STWD — 直观对比
营收规模更大
FCFS
是对方的1.0倍
$492.9M
营收增速更快
FCFS
高出12.7%
8.5%
净利率更高
FCFS
高出1.1%
19.7%
两年增速更快
FCFS
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $492.9M |
| 净利润 | $104.2M | $96.9M |
| 毛利率 | — | — |
| 营业利润率 | 28.5% | 26.6% |
| 净利率 | 20.8% | 19.7% |
| 营收同比 | 21.2% | 8.5% |
| 净利润同比 | 24.7% | 87.7% |
| 每股收益（稀释后） | $2.35 | $0.25 |
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FCFSSTWD
| Q4 25 | $501.3M | $492.9M | ||
| Q3 25 | $411.0M | $488.9M | ||
| Q2 25 | $385.1M | $444.3M | ||
| Q1 25 | $371.1M | $418.2M | ||
| Q4 24 | $413.7M | $454.4M | ||
| Q3 24 | $363.1M | $479.5M | ||
| Q2 24 | $363.5M | $489.8M | ||
| Q1 24 | $366.8M | $523.1M |
净利润FCFSSTWD
| Q4 25 | $104.2M | $96.9M | ||
| Q3 25 | $82.8M | $72.6M | ||
| Q2 25 | $59.8M | $129.8M | ||
| Q1 25 | $83.6M | $112.3M | ||
| Q4 24 | $83.5M | $51.6M | ||
| Q3 24 | $64.8M | $76.1M | ||
| Q2 24 | $49.1M | $77.9M | ||
| Q1 24 | $61.4M | $154.3M |
营业利润率FCFSSTWD
| Q4 25 | 28.5% | 26.6% | ||
| Q3 25 | 27.4% | 19.1% | ||
| Q2 25 | 21.1% | 30.5% | ||
| Q1 25 | 30.0% | 28.7% | ||
| Q4 24 | 26.5% | 15.1% | ||
| Q3 24 | 23.5% | 17.2% | ||
| Q2 24 | 18.2% | 19.1% | ||
| Q1 24 | 22.3% | 30.8% |
净利率FCFSSTWD
| Q4 25 | 20.8% | 19.7% | ||
| Q3 25 | 20.1% | 14.8% | ||
| Q2 25 | 15.5% | 29.2% | ||
| Q1 25 | 22.5% | 26.8% | ||
| Q4 24 | 20.2% | 11.4% | ||
| Q3 24 | 17.9% | 15.9% | ||
| Q2 24 | 13.5% | 15.9% | ||
| Q1 24 | 16.7% | 29.5% |
每股收益（稀释后）FCFSSTWD
| Q4 25 | $2.35 | $0.25 | ||
| Q3 25 | $1.86 | $0.19 | ||
| Q2 25 | $1.34 | $0.38 | ||
| Q1 25 | $1.87 | $0.33 | ||
| Q4 24 | $1.86 | $0.15 | ||
| Q3 24 | $1.44 | $0.23 | ||
| Q2 24 | $1.08 | $0.24 | ||
| Q1 24 | $1.35 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $2.3B | $6.8B |
| 总资产 | $5.3B | $63.2B |
| 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FCFSSTWD
| Q4 25 | $125.2M | $499.5M | ||
| Q3 25 | $130.2M | $301.1M | ||
| Q2 25 | $101.5M | $259.9M | ||
| Q1 25 | $146.0M | $440.6M | ||
| Q4 24 | $175.1M | $377.8M | ||
| Q3 24 | $106.3M | $357.9M | ||
| Q2 24 | $113.7M | $259.3M | ||
| Q1 24 | $135.1M | $327.4M |
总债务FCFSSTWD
| 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FCFSSTWD
| Q4 25 | $2.3B | $6.8B | ||
| Q3 25 | $2.2B | $6.9B | ||
| Q2 25 | $2.1B | $6.4B | ||
| Q1 25 | $2.1B | $6.4B | ||
| Q4 24 | $2.1B | $6.4B | ||
| Q3 24 | $2.0B | $6.5B | ||
| Q2 24 | $2.0B | $6.2B | ||
| Q1 24 | $2.0B | $6.3B |
总资产FCFSSTWD
| Q4 25 | $5.3B | $63.2B | ||
| Q3 25 | $5.2B | $62.4B | ||
| Q2 25 | $4.5B | $62.4B | ||
| Q1 25 | $4.4B | $62.2B | ||
| Q4 24 | $4.5B | $62.6B | ||
| Q3 24 | $4.4B | $64.2B | ||
| Q2 24 | $4.3B | $64.1B | ||
| Q1 24 | $4.2B | $66.2B |
负债/权益比FCFSSTWD
| 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 | $488.8M |
| 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× | 5.04× |
| 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FCFSSTWD
| Q4 25 | $206.6M | $488.8M | ||
| Q3 25 | $135.8M | $337.6M | ||
| Q2 25 | $116.9M | $-87.4M | ||
| Q1 25 | $126.6M | $238.9M | ||
| Q4 24 | $198.1M | $295.6M | ||
| Q3 24 | $113.1M | $241.8M | ||
| Q2 24 | $106.2M | $53.3M | ||
| Q1 24 | $122.5M | $55.9M |
现金转化率FCFSSTWD
| Q4 25 | 1.98× | 5.04× | ||
| Q3 25 | 1.64× | 4.65× | ||
| Q2 25 | 1.95× | -0.67× | ||
| Q1 25 | 1.51× | 2.13× | ||
| Q4 24 | 2.37× | 5.72× | ||
| Q3 24 | 1.74× | 3.18× | ||
| Q2 24 | 2.16× | 0.68× | ||
| Q1 24 | 2.00× | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
