vs
FirstCash Holdings, Inc.（FCFS）与Worthington Steel, Inc.（WS）财务数据对比。点击上方公司名可切换其他公司
Worthington Steel, Inc.的季度营收约是FirstCash Holdings, Inc.的1.7倍（$871.9M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs 2.2%，领先18.6%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 18.0%），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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
FCFS vs WS — 直观对比
营收规模更大
WS
是对方的1.7倍
$501.3M
营收增速更快
FCFS
高出3.2%
18.0%
净利率更高
FCFS
高出18.6%
2.2%
两年增速更快
FCFS
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $501.3M | $871.9M |
| 净利润 | $104.2M | $18.8M |
| 毛利率 | — | 10.7% |
| 营业利润率 | 28.5% | 2.5% |
| 净利率 | 20.8% | 2.2% |
| 营收同比 | 21.2% | 18.0% |
| 净利润同比 | 24.7% | 46.9% |
| 每股收益（稀释后） | $2.35 | $0.37 |
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FCFSWS
| Q4 25 | $501.3M | $871.9M | ||
| Q3 25 | $411.0M | $872.9M | ||
| Q2 25 | $385.1M | $832.9M | ||
| Q1 25 | $371.1M | $687.4M | ||
| Q4 24 | $413.7M | $739.0M | ||
| Q3 24 | $363.1M | $834.0M | ||
| Q2 24 | $363.5M | — | ||
| Q1 24 | $366.8M | $805.8M |
净利润FCFSWS
| Q4 25 | $104.2M | $18.8M | ||
| Q3 25 | $82.8M | $36.8M | ||
| Q2 25 | $59.8M | $55.7M | ||
| Q1 25 | $83.6M | $13.8M | ||
| Q4 24 | $83.5M | $12.8M | ||
| Q3 24 | $64.8M | $28.4M | ||
| Q2 24 | $49.1M | — | ||
| Q1 24 | $61.4M | $49.0M |
毛利率FCFSWS
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 14.9% |
营业利润率FCFSWS
| Q4 25 | 28.5% | 2.5% | ||
| Q3 25 | 27.4% | 5.5% | ||
| Q2 25 | 21.1% | 8.0% | ||
| Q1 25 | 30.0% | 2.7% | ||
| Q4 24 | 26.5% | 2.6% | ||
| Q3 24 | 23.5% | 5.2% | ||
| Q2 24 | 18.2% | — | ||
| Q1 24 | 22.3% | 8.2% |
净利率FCFSWS
| Q4 25 | 20.8% | 2.2% | ||
| Q3 25 | 20.1% | 4.2% | ||
| Q2 25 | 15.5% | 6.7% | ||
| Q1 25 | 22.5% | 2.0% | ||
| Q4 24 | 20.2% | 1.7% | ||
| Q3 24 | 17.9% | 3.4% | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 16.7% | 6.1% |
每股收益（稀释后）FCFSWS
| Q4 25 | $2.35 | $0.37 | ||
| Q3 25 | $1.86 | $0.72 | ||
| Q2 25 | $1.34 | $1.11 | ||
| Q1 25 | $1.87 | $0.27 | ||
| Q4 24 | $1.86 | $0.25 | ||
| Q3 24 | $1.44 | $0.56 | ||
| Q2 24 | $1.08 | — | ||
| Q1 24 | $1.35 | $0.98 |
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 | $89.8M |
| 总债务越低越好 | $2.2B | $72.1M |
| 股东权益账面价值 | $2.3B | $1.1B |
| 总资产 | $5.3B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资FCFSWS
| Q4 25 | $125.2M | $89.8M | ||
| Q3 25 | $130.2M | $78.3M | ||
| Q2 25 | $101.5M | $38.0M | ||
| Q1 25 | $146.0M | $63.3M | ||
| Q4 24 | $175.1M | $52.0M | ||
| Q3 24 | $106.3M | $36.0M | ||
| Q2 24 | $113.7M | — | ||
| Q1 24 | $135.1M | $60.8M |
总债务FCFSWS
| Q4 25 | $2.2B | $72.1M | ||
| Q3 25 | $2.2B | $73.4M | ||
| Q2 25 | $1.7B | $151.5M | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $115.0M | ||
| Q3 24 | $1.7B | $122.2M | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.5B | $147.2M |
股东权益FCFSWS
| Q4 25 | $2.3B | $1.1B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.1B | $1.0B | ||
| Q3 24 | $2.0B | $1.0B | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | $937.6M |
总资产FCFSWS
| Q4 25 | $5.3B | $2.1B | ||
| Q3 25 | $5.2B | $2.2B | ||
| Q2 25 | $4.5B | $2.0B | ||
| Q1 25 | $4.4B | $1.8B | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $4.4B | $1.8B | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.2B | $1.8B |
负债/权益比FCFSWS
| Q4 25 | 0.98× | 0.06× | ||
| Q3 25 | 1.01× | 0.07× | ||
| Q2 25 | 0.79× | 0.14× | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 0.85× | 0.11× | ||
| Q3 24 | 0.87× | 0.12× | ||
| Q2 24 | 0.85× | — | ||
| Q1 24 | 0.75× | 0.16× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | — | $74.6M |
| 自由现金流率自由现金流/营收 | — | 8.6% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | 1.98× | 5.28× |
| 过去12个月自由现金流最近4个季度 | — | $72.5M |
8季度趋势，按日历期对齐
经营现金流FCFSWS
| Q4 25 | $206.6M | $99.3M | ||
| Q3 25 | $135.8M | $-6.3M | ||
| Q2 25 | $116.9M | $53.9M | ||
| Q1 25 | $126.6M | $53.8M | ||
| Q4 24 | $198.1M | $68.0M | ||
| Q3 24 | $113.1M | $54.6M | ||
| Q2 24 | $106.2M | — | ||
| Q1 24 | $122.5M | $44.7M |
自由现金流FCFSWS
| Q4 25 | — | $74.6M | ||
| Q3 25 | — | $-35.7M | ||
| Q2 25 | — | $8.4M | ||
| Q1 25 | — | $25.2M | ||
| Q4 24 | — | $33.2M | ||
| Q3 24 | — | $33.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $22.3M |
自由现金流率FCFSWS
| Q4 25 | — | 8.6% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.8% |
资本支出强度FCFSWS
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.8% |
现金转化率FCFSWS
| Q4 25 | 1.98× | 5.28× | ||
| Q3 25 | 1.64× | -0.17× | ||
| Q2 25 | 1.95× | 0.97× | ||
| Q1 25 | 1.51× | 3.90× | ||
| Q4 24 | 2.37× | 5.31× | ||
| Q3 24 | 1.74× | 1.92× | ||
| Q2 24 | 2.16× | — | ||
| Q1 24 | 2.00× | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
