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FirstCash Holdings, Inc.（FCFS）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
FirstCash Holdings, Inc.的季度营收约是世纪互联的1.4倍（$501.3M vs $362.7M），FirstCash Holdings, Inc.净利率更高（20.8% vs -10.7%，领先31.4%），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
FCFS vs VNET — 直观对比
营收规模更大
FCFS
是对方的1.4倍
$362.7M
净利率更高
FCFS
高出31.4%
-10.7%
两年增速更快
VNET
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $362.7M |
| 净利润 | $104.2M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 28.5% | 0.5% |
| 净利率 | 20.8% | -10.7% |
| 营收同比 | 21.2% | — |
| 净利润同比 | 24.7% | — |
| 每股收益（稀释后） | $2.35 | — |
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FCFSVNET
| Q4 25 | $501.3M | — | ||
| Q3 25 | $411.0M | $362.7M | ||
| Q2 25 | $385.1M | — | ||
| Q1 25 | $371.1M | $309.5M | ||
| Q4 24 | $413.7M | — | ||
| Q3 24 | $363.1M | $302.2M | ||
| Q2 24 | $363.5M | $274.4M | ||
| Q1 24 | $366.8M | $262.9M |
净利润FCFSVNET
| Q4 25 | $104.2M | — | ||
| Q3 25 | $82.8M | $-38.7M | ||
| Q2 25 | $59.8M | — | ||
| Q1 25 | $83.6M | $-2.4M | ||
| Q4 24 | $83.5M | — | ||
| Q3 24 | $64.8M | $-2.1M | ||
| Q2 24 | $49.1M | $-1.1M | ||
| Q1 24 | $61.4M | $-22.0M |
毛利率FCFSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率FCFSVNET
| Q4 25 | 28.5% | — | ||
| Q3 25 | 27.4% | 0.5% | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 30.0% | 0.1% | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | 23.5% | 24.5% | ||
| Q2 24 | 18.2% | 0.2% | ||
| Q1 24 | 22.3% | 0.2% |
净利率FCFSVNET
| Q4 25 | 20.8% | — | ||
| Q3 25 | 20.1% | -10.7% | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 22.5% | -0.8% | ||
| Q4 24 | 20.2% | — | ||
| Q3 24 | 17.9% | -0.7% | ||
| Q2 24 | 13.5% | -0.4% | ||
| Q1 24 | 16.7% | -8.4% |
每股收益（稀释后）FCFSVNET
| Q4 25 | $2.35 | — | ||
| Q3 25 | $1.86 | — | ||
| Q2 25 | $1.34 | — | ||
| Q1 25 | $1.87 | — | ||
| Q4 24 | $1.86 | — | ||
| Q3 24 | $1.44 | — | ||
| Q2 24 | $1.08 | — | ||
| Q1 24 | $1.35 | — |
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 | $492.1M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $2.3B | $890.8M |
| 总资产 | $5.3B | $6.1B |
| 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FCFSVNET
| Q4 25 | $125.2M | — | ||
| Q3 25 | $130.2M | $492.1M | ||
| Q2 25 | $101.5M | — | ||
| Q1 25 | $146.0M | $544.3M | ||
| Q4 24 | $175.1M | — | ||
| Q3 24 | $106.3M | $219.5M | ||
| Q2 24 | $113.7M | $247.2M | ||
| Q1 24 | $135.1M | $246.9M |
总债务FCFSVNET
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.5B | — |
股东权益FCFSVNET
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $890.8M | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | $927.8M | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | $902.9M | ||
| Q2 24 | $2.0B | $900.6M | ||
| Q1 24 | $2.0B | $895.1M |
总资产FCFSVNET
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.2B | $6.1B | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.4B | $5.4B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.4B | $4.3B | ||
| Q2 24 | $4.3B | $4.0B | ||
| Q1 24 | $4.2B | $3.9B |
负债/权益比FCFSVNET
| Q4 25 | 0.98× | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 0.79× | — | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.87× | 1.28× | ||
| 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 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 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流FCFSVNET
| Q4 25 | $206.6M | — | ||
| Q3 25 | $135.8M | $113.8M | ||
| Q2 25 | $116.9M | — | ||
| Q1 25 | $126.6M | $27.0M | ||
| Q4 24 | $198.1M | — | ||
| Q3 24 | $113.1M | $108.3M | ||
| Q2 24 | $106.2M | $55.8M | ||
| Q1 24 | $122.5M | $37.1M |
自由现金流FCFSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率FCFSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度FCFSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率FCFSVNET
| Q4 25 | 1.98× | — | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 2.37× | — | ||
| 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% |
VNET
暂无分部数据
