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FirstCash Holdings, Inc.（FCFS）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是FirstCash Holdings, Inc.的1.2倍（$613.5M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs 13.2%，领先7.5%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 8.6%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% vs 6.5%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
FCFS vs TYL — 直观对比
营收规模更大
TYL
是对方的1.2倍
$501.3M
营收增速更快
FCFS
高出12.6%
8.6%
净利率更高
FCFS
高出7.5%
13.2%
两年增速更快
FCFS
近两年复合增速
6.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $613.5M |
| 净利润 | $104.2M | $81.2M |
| 毛利率 | — | 48.3% |
| 营业利润率 | 28.5% | 16.3% |
| 净利率 | 20.8% | 13.2% |
| 营收同比 | 21.2% | 8.6% |
| 净利润同比 | 24.7% | — |
| 每股收益（稀释后） | $2.35 | $1.88 |
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FCFSTYL
| Q1 26 | — | $613.5M | ||
| Q4 25 | $501.3M | $575.2M | ||
| Q3 25 | $411.0M | $595.9M | ||
| Q2 25 | $385.1M | $596.1M | ||
| Q1 25 | $371.1M | $565.2M | ||
| Q4 24 | $413.7M | $541.1M | ||
| Q3 24 | $363.1M | $543.3M | ||
| Q2 24 | $363.5M | $541.0M |
净利润FCFSTYL
| Q1 26 | — | $81.2M | ||
| Q4 25 | $104.2M | $65.5M | ||
| Q3 25 | $82.8M | $84.4M | ||
| Q2 25 | $59.8M | $84.6M | ||
| Q1 25 | $83.6M | $81.1M | ||
| Q4 24 | $83.5M | $65.2M | ||
| Q3 24 | $64.8M | $75.9M | ||
| Q2 24 | $49.1M | $67.7M |
毛利率FCFSTYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | — | 45.5% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 47.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 44.0% |
营业利润率FCFSTYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | 28.5% | 13.0% | ||
| Q3 25 | 27.4% | 16.4% | ||
| Q2 25 | 21.1% | 16.0% | ||
| Q1 25 | 30.0% | 15.8% | ||
| Q4 24 | 26.5% | 13.2% | ||
| Q3 24 | 23.5% | 15.2% | ||
| Q2 24 | 18.2% | 14.4% |
净利率FCFSTYL
| Q1 26 | — | 13.2% | ||
| Q4 25 | 20.8% | 11.4% | ||
| Q3 25 | 20.1% | 14.2% | ||
| Q2 25 | 15.5% | 14.2% | ||
| Q1 25 | 22.5% | 14.3% | ||
| Q4 24 | 20.2% | 12.1% | ||
| Q3 24 | 17.9% | 14.0% | ||
| Q2 24 | 13.5% | 12.5% |
每股收益（稀释后）FCFSTYL
| Q1 26 | — | $1.88 | ||
| Q4 25 | $2.35 | $1.50 | ||
| Q3 25 | $1.86 | $1.93 | ||
| Q2 25 | $1.34 | $1.93 | ||
| Q1 25 | $1.87 | $1.84 | ||
| Q4 24 | $1.86 | $1.48 | ||
| Q3 24 | $1.44 | $1.74 | ||
| Q2 24 | $1.08 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $2.3B | $3.6B |
| 总资产 | $5.3B | $4.8B |
| 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FCFSTYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | $125.2M | $1.1B | ||
| Q3 25 | $130.2M | $950.8M | ||
| Q2 25 | $101.5M | $892.3M | ||
| Q1 25 | $146.0M | $807.4M | ||
| Q4 24 | $175.1M | $768.0M | ||
| Q3 24 | $106.3M | $544.3M | ||
| Q2 24 | $113.7M | $258.0M |
总债务FCFSTYL
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $599.7M | ||
| Q3 25 | $2.2B | $599.2M | ||
| Q2 25 | $1.7B | $598.8M | ||
| Q1 25 | $1.7B | $598.4M | ||
| Q4 24 | $1.7B | $597.9M | ||
| Q3 24 | $1.7B | $597.5M | ||
| Q2 24 | $1.7B | $597.1M |
股东权益FCFSTYL
| Q1 26 | — | $3.6B | ||
| Q4 25 | $2.3B | $3.7B | ||
| Q3 25 | $2.2B | $3.6B | ||
| Q2 25 | $2.1B | $3.6B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $2.1B | $3.4B | ||
| Q3 24 | $2.0B | $3.3B | ||
| Q2 24 | $2.0B | $3.1B |
总资产FCFSTYL
| Q1 26 | — | $4.8B | ||
| Q4 25 | $5.3B | $5.6B | ||
| Q3 25 | $5.2B | $5.5B | ||
| Q2 25 | $4.5B | $5.4B | ||
| Q1 25 | $4.4B | $5.2B | ||
| Q4 24 | $4.5B | $5.2B | ||
| Q3 24 | $4.4B | $5.0B | ||
| Q2 24 | $4.3B | $4.8B |
负债/权益比FCFSTYL
| Q1 26 | — | — | ||
| Q4 25 | 0.98× | 0.16× | ||
| Q3 25 | 1.01× | 0.17× | ||
| Q2 25 | 0.79× | 0.16× | ||
| Q1 25 | 0.83× | 0.17× | ||
| Q4 24 | 0.85× | 0.18× | ||
| Q3 24 | 0.87× | 0.18× | ||
| Q2 24 | 0.85× | 0.19× |
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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | — | $2.0M |
| 自由现金流率自由现金流/营收 | — | 0.3% |
| 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× | 1.32× |
| 过去12个月自由现金流最近4个季度 | — | $585.7M |
8季度趋势，按日历期对齐
经营现金流FCFSTYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $206.6M | $243.9M | ||
| Q3 25 | $135.8M | $255.2M | ||
| Q2 25 | $116.9M | $98.3M | ||
| Q1 25 | $126.6M | $56.2M | ||
| Q4 24 | $198.1M | $224.8M | ||
| Q3 24 | $113.1M | $263.7M | ||
| Q2 24 | $106.2M | $64.3M |
自由现金流FCFSTYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | — | $239.6M | ||
| Q3 25 | — | $251.3M | ||
| Q2 25 | — | $92.8M | ||
| Q1 25 | — | $53.8M | ||
| Q4 24 | — | $221.0M | ||
| Q3 24 | — | $260.8M | ||
| Q2 24 | — | $57.7M |
自由现金流率FCFSTYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | — | 41.7% | ||
| Q3 25 | — | 42.2% | ||
| Q2 25 | — | 15.6% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | — | 40.8% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 10.7% |
资本支出强度FCFSTYL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 1.2% |
现金转化率FCFSTYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | 1.98× | 3.72× | ||
| Q3 25 | 1.64× | 3.02× | ||
| Q2 25 | 1.95× | 1.16× | ||
| Q1 25 | 1.51× | 0.69× | ||
| Q4 24 | 2.37× | 3.45× | ||
| Q3 24 | 1.74× | 3.47× | ||
| Q2 24 | 2.16× | 0.95× |
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% |
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
