FirstCash Holdings, Inc.

FCFS

Financial ServicesSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

FirstCash Holdings, Inc., together with its subsidiaries, operates retail pawn stores in the United States, Mexico, rest of Latin America, and the United Kingdom. The company operates through four segments: U.S. Pawn, Latin America Pawn, U.K. Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures and over-the-counter purchases from customers. The company also provides retail POS payment solutions, which focuses on LTO products and facilitating other retail financing payment options across the network of traditional and e-commerce merchant partners. It serves cash and credit-constrained consumers. The company was formerly known as FirstCash, Inc and changed its name to FirstCash Holdings, Inc. in December 2021. FirstCash Holdings, Inc. was incorporated in 1988 and is headquartered in Fort Worth, Texas.

Valuation

Market Cap$9.5B

Current Price$215.67

P/E Ratio27.03

P/B Ratio4.11

EV / EBITDA16.32

EV / Sales3.08

Profitability

Operating Margin-

Net Profit Margin9.0%

EBITDA Margin27.3%

Returns

ROE14.5%

ROCE-

ROIC %8.9%

ROA6.2%

Solvency

Current Ratio4.77

Debt / Equity1.13

Debt / Assets0.48

CFO / Net Profit1.77

Price History▲ 61.60% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$3.7B▲ 8.0%

EBITDA$1000M

Net Profit$330M▲ 27.6%

Cash from Ops (CFO)$586M

Free Cash Flow (FCF)$531M

Revenue CAGR 3Y-

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$3.7B	$1000M	$330M	$531M	14.5%	8.0%	27.6%
2024	$3.4B	$986M	$259M	$472M	12.6%	7.5%	18.0%
2023	$3.2B	$907M	$219M	$356M	11.0%	15.5%	-13.5%
2022	$2.7B	$852M	$253M	$434M	13.5%	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2022	2023	2024	2025
Total Revenue	2,728.94	3,151.80	3,388.51	3,661.04
Cost Of Revenue	1,464.36	1,644.56	1,758.98	1,820.44
Gross Profit	1,264.59	1,507.24	1,629.53	1,840.61
Operating Expense	980.68	1,122.96	1,183.90	1,278.38
Operating Income	283.90	384.28	445.63	562.23
EBITDA	851.67	906.71	986.25	999.78
EBIT	394.34	386.09	448	568.86
Pretax Income	323.63	292.85	342.78	447.56
Tax Provision	70.14	73.55	83.96	117.19
Net Income	253.50	219.30	258.81	330.38
Net Income Common Stockholders	253.50	219.30	258.81	330.38
Total Expenses	2,445.04	2,767.52	2,942.88	3,098.82
Interest Expense	70.71	93.24	105.23	121.29
Interest Income	1.31	1.47	1.94	2.94
Selling General And Administration	147.94	181.65	177.98	232.84
Normalized EBITDA	745.27	913.10	991.12	1,011.97
Normalized Income	170.19	224.09	262.49	339.37
Basic EPS	5.48	4.86	5.78	7.46
Diluted EPS	5.36	4.80	5.73	7.42
Tax Effect Of Unusual Items	23.09	-1.60	-1.19	-3.19
Tax Rate For Calcs	0.22	0.25	0.24	0.26
Total Unusual Items	106.39	-6.39	-4.87	-12.19
Total Unusual Items Excluding Goodwill	106.39	-6.39	-4.87	-12.19
Net Income From Continuing Operation Net Minority Interest	253.50	219.30	258.81	330.38
Reconciled Depreciation	457.33	520.62	538.25	430.93
Reconciled Cost Of Revenue	1,110.86	1,233.10	1,325.68	1,501.32
Net Interest Income	-69.39	-91.77	-103.29	-118.36
Net Income From Continuing And Discontinued Operation	253.50	219.30	258.81	330.38
Diluted Average Shares	47.33	45.69	45.17	44.53
Basic Average Shares	46.29	45.11	44.75	44.31
Diluted NI Availto Com Stockholders	253.50	219.30	258.81	330.38
Net Income Including Noncontrolling Interests	253.50	219.30	258.81	330.38
Net Income Continuous Operations	253.50	219.30	258.81	330.38
Other Income Expense	109.13	0.35	0.43	3.69
Other Non Operating Income Expenses	2.73	6.74	5.30	15.88
Special Income Charges	105.81	-7.92	-2.23	-14.37
Impairment Of Capital Assets	0	0	0	0
Restructuring And Mergern Acquisition	-105.81	7.92	2.23	14.37
Earnings From Equity Interest	109.55	0	0	0
Gain On Sale Of Security	0.58	1.53	-2.64	2.18
Net Non Operating Interest Income Expense	-69.39	-91.77	-103.29	-118.36
Interest Expense Non Operating	70.71	93.24	105.23	121.29
Interest Income Non Operating	1.31	1.47	1.94	2.94
Other Operating Expenses	728.91	832.15	900.98	933.73
Depreciation Amortization Depletion Income Statement	103.83	109.16	104.94	111.81
Depreciation And Amortization In Income Statement	103.83	109.16	104.94	111.81
General And Administrative Expense	147.94	181.65	177.98	232.84
Other Gand A	147.94	181.65	177.98	232.84
Operating Revenue	2,728.94	3,151.80	3,388.51	3,654.95

Peer Comparison

Financial Services sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
FirstCash Holdings, Inc.this co.	FCFS	$9.5B	27.03↑ premium	4.11	14.5%	16.32
TeraWulf Inc.	WULF	$9.9B	-	59.94	-470.9%	-128.87
UMB Financial Corporation	UMBF	$9.4B	10.87	1.28	9.1%	-
Old National Bancorp	ONB	$9.1B	12.14	1.11	7.9%	-
Hut 8 Corp.	HUT	$8.0B

Learn while you research

Hand-picked academy chapters to deepen your understanding of FirstCash Holdings, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Stock Market Risks

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$3.7B

$1000M

$330M

$531M

14.5%

8.0%

27.6%

2024

$3.4B

$986M

$259M

$472M

12.6%

7.5%

18.0%

2023

$3.2B

$907M

$219M

$356M

11.0%

15.5%

-13.5%

2022

$2.7B

$852M

$253M

$434M

13.5%

Metric

2022

2023

2024

2025

Total Revenue

2,728.94

3,151.80

3,388.51

3,661.04

Cost Of Revenue

1,464.36

1,644.56

1,758.98

1,820.44

Gross Profit

1,264.59

1,507.24

1,629.53

1,840.61

Operating Expense

980.68

1,122.96

1,183.90

1,278.38

Operating Income

283.90

384.28

445.63

562.23

EBITDA

851.67

906.71

986.25

999.78

EBIT

394.34

386.09

448

568.86

Pretax Income

323.63

292.85

342.78

447.56

Tax Provision

70.14

73.55

83.96

117.19

Net Income

253.50

219.30

258.81

330.38

Net Income Common Stockholders

253.50

219.30

258.81

330.38

Total Expenses

2,445.04

2,767.52

2,942.88

3,098.82

Interest Expense

70.71

93.24

105.23

121.29

Interest Income

1.31

1.47

1.94

2.94

Selling General And Administration

147.94

181.65

177.98

232.84

Normalized EBITDA

745.27

913.10

991.12

1,011.97

Normalized Income

170.19

224.09

262.49

339.37

Basic EPS

5.48

4.86

5.78

7.46

Diluted EPS

5.36

4.80

5.73

7.42

Tax Effect Of Unusual Items

23.09

-1.60

-1.19

-3.19

Tax Rate For Calcs

0.22

0.25

0.24

0.26

Total Unusual Items

106.39

-6.39

-4.87

-12.19

Total Unusual Items Excluding Goodwill

106.39

-6.39

-4.87

-12.19

Net Income From Continuing Operation Net Minority Interest

253.50

219.30

258.81

330.38

Reconciled Depreciation

457.33

520.62

538.25

430.93

Reconciled Cost Of Revenue

1,110.86

1,233.10

1,325.68

1,501.32

Net Interest Income

-69.39

-91.77

-103.29

-118.36

Net Income From Continuing And Discontinued Operation

253.50

219.30

258.81

330.38

Diluted Average Shares

47.33

45.69

45.17

44.53

Basic Average Shares

46.29

45.11

44.75

44.31

Diluted NI Availto Com Stockholders

253.50

219.30

258.81

330.38

Net Income Including Noncontrolling Interests

253.50

219.30

258.81

330.38

Net Income Continuous Operations

253.50

219.30

258.81

330.38

Other Income Expense

109.13

0.35

0.43

3.69

Other Non Operating Income Expenses

2.73

6.74

5.30

15.88

Special Income Charges

105.81

-7.92

-2.23

-14.37

Impairment Of Capital Assets

Restructuring And Mergern Acquisition

-105.81

7.92

2.23

14.37

Earnings From Equity Interest

109.55

Gain On Sale Of Security

0.58

1.53

-2.64

2.18

Net Non Operating Interest Income Expense

-69.39

-91.77

-103.29

-118.36

Interest Expense Non Operating

70.71

93.24

105.23

121.29

Interest Income Non Operating

1.31

1.47

1.94

2.94

Other Operating Expenses

728.91

832.15

900.98

933.73

Depreciation Amortization Depletion Income Statement

103.83

109.16

104.94

111.81

Depreciation And Amortization In Income Statement

103.83

109.16

104.94

111.81

General And Administrative Expense

147.94

181.65

177.98

232.84

Other Gand A

147.94

181.65

177.98

232.84

Operating Revenue

2,728.94

3,151.80

3,388.51

3,654.95

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

FirstCash Holdings, Inc.this co.

FCFS

$9.5B

27.03↑ premium

4.11

14.5%

16.32

TeraWulf Inc.

WULF

$9.9B

59.94

-470.9%

-128.87

UMB Financial Corporation

UMBF

$9.4B

10.87

1.28

9.1%

Old National Bancorp

ONB

$9.1B

12.14

1.11

7.9%

Hut 8 Corp.

HUT

$8.0B

FirstCash Holdings, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

FirstCash Holdings, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on