vs
FirstCash Holdings, Inc.（FCFS）与TreeHouse Foods, Inc.（THS）财务数据对比。点击上方公司名可切换其他公司
TreeHouse Foods, Inc.的季度营收约是FirstCash Holdings, Inc.的1.7倍（$840.3M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs -31.6%，领先52.4%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 0.1%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs -3.9%）
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。
树屋食品公司是一家跨国食品加工企业，主打贴牌包装食品生产，总部位于美国伊利诺伊州奥克布鲁克，2005年成立后完全通过收购拓展业务。2010年该公司销售额达20亿美元，在20座工厂拥有超4000名员工，曾获评《食品加工》杂志2010年度加工企业，被称为“你没听过的大型企业”。
FCFS vs THS — 直观对比
营收规模更大
THS
是对方的1.7倍
$501.3M
营收增速更快
FCFS
高出21.0%
0.1%
净利率更高
FCFS
高出52.4%
-31.6%
两年增速更快
FCFS
近两年复合增速
-3.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $840.3M |
| 净利润 | $104.2M | $-265.8M |
| 毛利率 | — | 18.8% |
| 营业利润率 | 28.5% | -30.2% |
| 净利率 | 20.8% | -31.6% |
| 营收同比 | 21.2% | 0.1% |
| 净利润同比 | 24.7% | -7717.6% |
| 每股收益（稀释后） | $2.35 | $-5.26 |
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FCFSTHS
| Q4 25 | $501.3M | — | ||
| Q3 25 | $411.0M | $840.3M | ||
| Q2 25 | $385.1M | $798.0M | ||
| Q1 25 | $371.1M | $792.0M | ||
| Q4 24 | $413.7M | $905.7M | ||
| Q3 24 | $363.1M | $839.1M | ||
| Q2 24 | $363.5M | $788.5M | ||
| Q1 24 | $366.8M | $820.7M |
净利润FCFSTHS
| Q4 25 | $104.2M | — | ||
| Q3 25 | $82.8M | $-265.8M | ||
| Q2 25 | $59.8M | $-2.9M | ||
| Q1 25 | $83.6M | $-31.8M | ||
| Q4 24 | $83.5M | $58.7M | ||
| Q3 24 | $64.8M | $-3.4M | ||
| Q2 24 | $49.1M | $-16.7M | ||
| Q1 24 | $61.4M | $-11.7M |
毛利率FCFSTHS
| Q4 25 | — | — | ||
| Q3 25 | — | 18.8% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | 13.6% |
营业利润率FCFSTHS
| Q4 25 | 28.5% | — | ||
| Q3 25 | 27.4% | -30.2% | ||
| Q2 25 | 21.1% | 3.4% | ||
| Q1 25 | 30.0% | -0.7% | ||
| Q4 24 | 26.5% | 8.9% | ||
| Q3 24 | 23.5% | 3.8% | ||
| Q2 24 | 18.2% | -0.5% | ||
| Q1 24 | 22.3% | -0.6% |
净利率FCFSTHS
| Q4 25 | 20.8% | — | ||
| Q3 25 | 20.1% | -31.6% | ||
| Q2 25 | 15.5% | -0.4% | ||
| Q1 25 | 22.5% | -4.0% | ||
| Q4 24 | 20.2% | 6.5% | ||
| Q3 24 | 17.9% | -0.4% | ||
| Q2 24 | 13.5% | -2.1% | ||
| Q1 24 | 16.7% | -1.4% |
每股收益（稀释后）FCFSTHS
| Q4 25 | $2.35 | — | ||
| Q3 25 | $1.86 | $-5.26 | ||
| Q2 25 | $1.34 | $-0.06 | ||
| Q1 25 | $1.87 | $-0.63 | ||
| Q4 24 | $1.86 | $1.12 | ||
| Q3 24 | $1.44 | $-0.07 | ||
| Q2 24 | $1.08 | $-0.32 | ||
| Q1 24 | $1.35 | $-0.22 |
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 | $21.0M |
| 总债务越低越好 | $2.2B | $1.5B |
| 股东权益账面价值 | $2.3B | $1.3B |
| 总资产 | $5.3B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.98× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资FCFSTHS
| Q4 25 | $125.2M | — | ||
| Q3 25 | $130.2M | $21.0M | ||
| Q2 25 | $101.5M | $17.1M | ||
| Q1 25 | $146.0M | $16.4M | ||
| Q4 24 | $175.1M | $289.6M | ||
| Q3 24 | $106.3M | $102.0M | ||
| Q2 24 | $113.7M | $105.8M | ||
| Q1 24 | $135.1M | $191.8M |
总债务FCFSTHS
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $1.7B | $1.4B | ||
| Q2 24 | $1.7B | $1.4B | ||
| Q1 24 | $1.5B | $1.4B |
股东权益FCFSTHS
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.1B | $1.5B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $2.0B | $1.6B | ||
| Q1 24 | $2.0B | $1.6B |
总资产FCFSTHS
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.2B | $3.8B | ||
| Q2 25 | $4.5B | $4.0B | ||
| Q1 25 | $4.4B | $3.9B | ||
| Q4 24 | $4.5B | $4.0B | ||
| Q3 24 | $4.4B | $4.0B | ||
| Q2 24 | $4.3B | $3.9B | ||
| Q1 24 | $4.2B | $4.0B |
负债/权益比FCFSTHS
| Q4 25 | 0.98× | — | ||
| Q3 25 | 1.01× | 1.18× | ||
| Q2 25 | 0.79× | 0.98× | ||
| Q1 25 | 0.83× | 0.93× | ||
| Q4 24 | 0.85× | 0.90× | ||
| Q3 24 | 0.87× | 0.90× | ||
| Q2 24 | 0.85× | 0.90× | ||
| Q1 24 | 0.75× | 0.87× |
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 | $38.2M |
| 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FCFSTHS
| Q4 25 | $206.6M | — | ||
| Q3 25 | $135.8M | $38.2M | ||
| Q2 25 | $116.9M | $-47.2M | ||
| Q1 25 | $126.6M | $-53.5M | ||
| Q4 24 | $198.1M | $296.2M | ||
| Q3 24 | $113.1M | $41.4M | ||
| Q2 24 | $106.2M | $-19.4M | ||
| Q1 24 | $122.5M | $-52.4M |
自由现金流FCFSTHS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-42.2M | ||
| Q1 24 | — | $-80.7M |
自由现金流率FCFSTHS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | -9.8% |
资本支出强度FCFSTHS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 3.4% |
现金转化率FCFSTHS
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 2.37× | 5.05× | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.16× | — | ||
| Q1 24 | 2.00× | — |
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% |
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
