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FirstCash Holdings, Inc.（FCFS）与Viper Energy, Inc.（VNOM）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Viper Energy, Inc.的1.3倍（$501.3M vs $393.0M），FirstCash Holdings, Inc.净利率更高（20.8% vs -19.6%，领先40.4%），Viper Energy, Inc.同比增速更快（88.0% vs 21.2%）
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。
Commonwealth Fusion Systems（CFS）是一家美国核聚变能源企业，2018年从麻省理工学院（MIT）分拆后于马萨诸塞州剑桥成立。公司以基于ARC托卡马克设计建造小型核聚变发电厂为目标，参与了美国能源部推出的INFUSE公私知识创新计划，与多家国家实验室及高校开展合作。
FCFS vs VNOM — 直观对比
营收规模更大
FCFS
是对方的1.3倍
$393.0M
营收增速更快
VNOM
高出66.9%
21.2%
净利率更高
FCFS
高出40.4%
-19.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $393.0M |
| 净利润 | $104.2M | $-77.0M |
| 毛利率 | — | — |
| 营业利润率 | 28.5% | -44.8% |
| 净利率 | 20.8% | -19.6% |
| 营收同比 | 21.2% | 88.0% |
| 净利润同比 | 24.7% | -257.1% |
| 每股收益（稀释后） | $2.35 | $-0.52 |
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FCFSVNOM
| Q4 25 | $501.3M | — | ||
| Q3 25 | $411.0M | $393.0M | ||
| Q2 25 | $385.1M | — | ||
| Q1 25 | $371.1M | — | ||
| Q4 24 | $413.7M | — | ||
| Q3 24 | $363.1M | $209.0M | ||
| Q2 24 | $363.5M | — | ||
| Q1 24 | $366.8M | — |
净利润FCFSVNOM
| Q4 25 | $104.2M | — | ||
| Q3 25 | $82.8M | $-77.0M | ||
| Q2 25 | $59.8M | — | ||
| Q1 25 | $83.6M | — | ||
| Q4 24 | $83.5M | — | ||
| Q3 24 | $64.8M | $49.0M | ||
| Q2 24 | $49.1M | — | ||
| Q1 24 | $61.4M | — |
营业利润率FCFSVNOM
| Q4 25 | 28.5% | — | ||
| Q3 25 | 27.4% | -44.8% | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 30.0% | — | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | 23.5% | 65.1% | ||
| Q2 24 | 18.2% | — | ||
| Q1 24 | 22.3% | — |
净利率FCFSVNOM
| Q4 25 | 20.8% | — | ||
| Q3 25 | 20.1% | -19.6% | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 22.5% | — | ||
| Q4 24 | 20.2% | — | ||
| Q3 24 | 17.9% | 23.4% | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 16.7% | — |
每股收益（稀释后）FCFSVNOM
| Q4 25 | $2.35 | — | ||
| Q3 25 | $1.86 | $-0.52 | ||
| Q2 25 | $1.34 | — | ||
| Q1 25 | $1.87 | — | ||
| Q4 24 | $1.86 | — | ||
| Q3 24 | $1.44 | $0.52 | ||
| 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 | $53.0M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $2.3B | $4.6B |
| 总资产 | $5.3B | $13.7B |
| 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FCFSVNOM
| Q4 25 | $125.2M | — | ||
| Q3 25 | $130.2M | $53.0M | ||
| Q2 25 | $101.5M | — | ||
| Q1 25 | $146.0M | — | ||
| Q4 24 | $175.1M | — | ||
| Q3 24 | $106.3M | — | ||
| Q2 24 | $113.7M | — | ||
| Q1 24 | $135.1M | — |
总债务FCFSVNOM
| 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FCFSVNOM
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $4.6B | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | $3.3B | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
总资产FCFSVNOM
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.2B | $13.7B | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.2B | — |
负债/权益比FCFSVNOM
| 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 | $654.0M |
| 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FCFSVNOM
| Q4 25 | $206.6M | — | ||
| Q3 25 | $135.8M | $654.0M | ||
| Q2 25 | $116.9M | — | ||
| Q1 25 | $126.6M | — | ||
| Q4 24 | $198.1M | — | ||
| Q3 24 | $113.1M | — | ||
| Q2 24 | $106.2M | — | ||
| Q1 24 | $122.5M | — |
现金转化率FCFSVNOM
| 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% |
VNOM
| Oil Income | $332.0M | 84% |
| Natural Gas Liquids Income | $46.0M | 12% |
| Natural Gas Income | $15.0M | 4% |
