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FirstCash Holdings, Inc.（FCFS）与沃特世（WAT）财务数据对比。点击上方公司名可切换其他公司
沃特世的季度营收约是FirstCash Holdings, Inc.的1.9倍（$932.4M vs $501.3M），沃特世净利率更高（24.2% vs 20.8%，领先3.4%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 6.8%），过去两年沃特世的营收复合增速更高（21.0% 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。
沃特世是总部位于美国马萨诸塞州米尔福德的企业，面向生命科学、材料、食品等行业，提供色谱、质谱、实验室信息学、流变测量领域所用的分析仪器及配套软件，为各领域的检测、研发等工作提供可靠技术支持。
FCFS vs WAT — 直观对比
营收规模更大
WAT
是对方的1.9倍
$501.3M
营收增速更快
FCFS
高出14.3%
6.8%
净利率更高
WAT
高出3.4%
20.8%
两年增速更快
WAT
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $932.4M |
| 净利润 | $104.2M | $225.2M |
| 毛利率 | — | 61.1% |
| 营业利润率 | 28.5% | 29.0% |
| 净利率 | 20.8% | 24.2% |
| 营收同比 | 21.2% | 6.8% |
| 净利润同比 | 24.7% | -2.7% |
| 每股收益（稀释后） | $2.35 | $3.76 |
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FCFSWAT
| Q4 25 | $501.3M | $932.4M | ||
| Q3 25 | $411.0M | $799.9M | ||
| Q2 25 | $385.1M | $771.3M | ||
| Q1 25 | $371.1M | $661.7M | ||
| Q4 24 | $413.7M | $872.7M | ||
| Q3 24 | $363.1M | $740.3M | ||
| Q2 24 | $363.5M | $708.5M | ||
| Q1 24 | $366.8M | $636.8M |
净利润FCFSWAT
| Q4 25 | $104.2M | $225.2M | ||
| Q3 25 | $82.8M | $148.9M | ||
| Q2 25 | $59.8M | $147.1M | ||
| Q1 25 | $83.6M | $121.4M | ||
| Q4 24 | $83.5M | $231.4M | ||
| Q3 24 | $64.8M | $161.5M | ||
| Q2 24 | $49.1M | $142.7M | ||
| Q1 24 | $61.4M | $102.2M |
毛利率FCFSWAT
| Q4 25 | — | 61.1% | ||
| Q3 25 | — | 59.0% | ||
| Q2 25 | — | 58.3% | ||
| Q1 25 | — | 58.2% | ||
| Q4 24 | — | 60.1% | ||
| Q3 24 | — | 59.3% | ||
| Q2 24 | — | 59.3% | ||
| Q1 24 | — | 58.9% |
营业利润率FCFSWAT
| Q4 25 | 28.5% | 29.0% | ||
| Q3 25 | 27.4% | 24.0% | ||
| Q2 25 | 21.1% | 24.4% | ||
| Q1 25 | 30.0% | 22.9% | ||
| Q4 24 | 26.5% | 33.5% | ||
| Q3 24 | 23.5% | 28.5% | ||
| Q2 24 | 18.2% | 26.7% | ||
| Q1 24 | 22.3% | 21.0% |
净利率FCFSWAT
| Q4 25 | 20.8% | 24.2% | ||
| Q3 25 | 20.1% | 18.6% | ||
| Q2 25 | 15.5% | 19.1% | ||
| Q1 25 | 22.5% | 18.3% | ||
| Q4 24 | 20.2% | 26.5% | ||
| Q3 24 | 17.9% | 21.8% | ||
| Q2 24 | 13.5% | 20.1% | ||
| Q1 24 | 16.7% | 16.0% |
每股收益（稀释后）FCFSWAT
| Q4 25 | $2.35 | $3.76 | ||
| Q3 25 | $1.86 | $2.50 | ||
| Q2 25 | $1.34 | $2.47 | ||
| Q1 25 | $1.87 | $2.03 | ||
| Q4 24 | $1.86 | $3.88 | ||
| Q3 24 | $1.44 | $2.71 | ||
| Q2 24 | $1.08 | $2.40 | ||
| Q1 24 | $1.35 | $1.72 |
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 | $587.8M |
| 总债务越低越好 | $2.2B | $1.4B |
| 股东权益账面价值 | $2.3B | $2.6B |
| 总资产 | $5.3B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资FCFSWAT
| Q4 25 | $125.2M | $587.8M | ||
| Q3 25 | $130.2M | $459.1M | ||
| Q2 25 | $101.5M | $367.2M | ||
| Q1 25 | $146.0M | $382.9M | ||
| Q4 24 | $175.1M | $325.4M | ||
| Q3 24 | $106.3M | $331.5M | ||
| Q2 24 | $113.7M | $327.4M | ||
| Q1 24 | $135.1M | $338.2M |
总债务FCFSWAT
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $1.6B | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.5B | — |
股东权益FCFSWAT
| Q4 25 | $2.3B | $2.6B | ||
| Q3 25 | $2.2B | $2.3B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $2.0B | $1.4B | ||
| Q1 24 | $2.0B | $1.3B |
总资产FCFSWAT
| Q4 25 | $5.3B | $5.1B | ||
| Q3 25 | $5.2B | $4.9B | ||
| Q2 25 | $4.5B | $4.7B | ||
| Q1 25 | $4.4B | $4.6B | ||
| Q4 24 | $4.5B | $4.6B | ||
| Q3 24 | $4.4B | $4.5B | ||
| Q2 24 | $4.3B | $4.4B | ||
| Q1 24 | $4.2B | $4.5B |
负债/权益比FCFSWAT
| Q4 25 | 0.98× | 0.55× | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 0.79× | — | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 0.85× | 0.89× | ||
| 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 | $164.6M |
| 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× | 0.73× |
| 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FCFSWAT
| Q4 25 | $206.6M | $164.6M | ||
| Q3 25 | $135.8M | $187.3M | ||
| Q2 25 | $116.9M | $41.1M | ||
| Q1 25 | $126.6M | $259.6M | ||
| Q4 24 | $198.1M | $240.1M | ||
| Q3 24 | $113.1M | $204.6M | ||
| Q2 24 | $106.2M | $54.5M | ||
| Q1 24 | $122.5M | $262.9M |
现金转化率FCFSWAT
| Q4 25 | 1.98× | 0.73× | ||
| Q3 25 | 1.64× | 1.26× | ||
| Q2 25 | 1.95× | 0.28× | ||
| Q1 25 | 1.51× | 2.14× | ||
| Q4 24 | 2.37× | 1.04× | ||
| Q3 24 | 1.74× | 1.27× | ||
| Q2 24 | 2.16× | 0.38× | ||
| Q1 24 | 2.00× | 2.57× |
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% |
WAT
暂无分部数据
