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FirstCash

FCFS Nasdaq Consumer Finance Financials FY2016–FY2025

FirstCash's revenue rose 8.0% to $3.7 billion in fiscal 2025. Its net margin was 9.0%, up from 7.6% a year earlier. Free cash flow was $531 million, up 12.6%. It paid out $187 million in dividends and buybacks, 35% of free cash flow. The diluted share count fell 1.4%.

Last close · Oct 23, 2026

$172.75

6.5%
Value it Compare
Revenue Total sales reported in the income statement.
$3.7B
8.0% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$330M
27.7%
Free cash flow Cash from operations minus capital spending.
$531M
12.6%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
10.7%
1.5 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$7.6B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
19.7x
On $8.76 EPS (TTM)

What FirstCash does

No business description yet.

Legal name
FIRSTCASH HOLDINGS, INC.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000840489-26-000032
0000840489

Revenue and margins

FirstCash had $3.7B of revenue in fiscal 2025, up 8.0% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 17.6% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $531M in fiscal 2025, 14.5% of revenue. Cash from operations minus capital spending.

Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

FirstCash returned $187M to shareholders in fiscal 2025, 35% of free cash flow. The diluted share count fell 1.4%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value FirstCash yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$2.1B and divides by 44.5M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 19.7x · peers 11.8x · sector 13.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably FirstCash can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $120M$117M$127M$175M$125M
Debt incl. finance leases $1.3B$1.4B$1.6B$1.7B$2.2B
Net debt / EBITDA 4.9x2.9x3.4x3.2x3.3x
Debt / equity 0.7x0.7x0.8x0.9x1.0x
Interest coverage 6.1x5.6x4.1x4.8x4.3x
Current ratio 2.9x3.8x3.9x4.1x4.6x
Quick ratio 2.2x2.9x3.0x3.2x3.4x
Total assets $3.8B$3.9B$4.3B$4.5B$5.3B
Total liabilities $2.0B$2.0B$2.3B$2.4B$3.0B
Shareholders' equity $1.8B$1.9B$2.0B$2.1B$2.3B
Net debt (− = net cash) $1.2B$1.3B$1.5B$1.6B$2.1B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$11.9M

6 insiders

Of sales under plans

71%

$8.4M

DateInsiderTradeSharesPriceValueFiling
Sep 3, 2026 James H GravesDirector Sold 3,750 $221.20 $0.8M Form 4
Aug 18, 2026 Howard F HambletonAFF President Sold plan 2,000 $212.98 $0.4M Form 4
Aug 17, 2026 Orr R DouglasEVP & Chief Financial Officer Sold plan 3,000 $216.00 $0.6M Form 4
Aug 17, 2026 Thomas Brent StuartPresident and COO Sold plan 5,348 $214.63 $1.1M Form 4
Jun 5, 2026 Raul RamosSVP Latin American Operations Sold 6,835 $225.23 $1.5M Form 4
May 28, 2026 Raul RamosSVP Latin American Operations Sold 3,165 $231.13 $0.7M Form 4
May 19, 2026 Howard F HambletonAFF President Sold plan 3,000 $226.41 $0.7M Form 4
May 18, 2026 Orr R DouglasEVP & Chief Financial Officer Sold plan 3,000 $227.30 $0.7M Form 4
May 18, 2026 Thomas Brent StuartPresident and COO Sold plan 10,000 $228.49 $2.3M Form 4
May 1, 2026 Paula K GarrettDirector Sold 1,500 $217.40 $0.3M Form 4
Feb 18, 2026 Howard F HambletonAFF President Sold plan 4,000 $185.12 $0.7M Form 4
Feb 17, 2026 Thomas Brent StuartPresident and COO Sold plan 10,000 $182.53 $1.8M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose ✓ ✓ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✓ ✕ ✓
F-score 7 / 97 / 98 / 9
Accruals ratio −4.8%−6.4%−5.2%
Altman Z'' 3.934.134.35

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
FirstCash FCFS $7.6B 8.0% — 14.5% 10.7% 19.7x 8
Dave DAVE $4.9B 59.7% — 52.3% 72.9% 23.0x 6 Compare →
Virtu Financial VIRT $4.9B 26.3% — 13.6% 37.9% 9.3x — Compare →
AGNC Investment AGNC $10.3B 19.5% — — — 4.6x — Compare →
Evercore EVR $10.4B 29.5% — 30.5% — 14.2x 5 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $1.1B $1.8B $1.8B $1.9B $1.6B $1.7B $2.7B $3.2B $3.4B $3.7B
Gross profit $605M $948M $967M $1.0B $911M $919M $1.3B $1.5B $1.6B $1.8B
Interest expense $20.3M $24.0M $29.2M $34.0M $29.3M $32.4M $70.7M $93.2M $91.2M $135M
Pretax income $93.4M $172M $205M $225M $144M $167M $324M $293M $343M $448M
Income tax $33.3M $28.4M $52.1M $60.0M $37.1M $41.6M $70.1M $73.5M $84.0M $117M
Net income $60.1M $144M $153M $165M $107M $125M $254M $219M $259M $330M
Diluted EPS $1.72 $3.00 $3.41 $3.81 $2.56 $3.04 $5.36 $4.80 $5.73 $7.42
Diluted shares 0.04B 0.05B 0.04B 0.04B 0.04B 0.04B 0.05B 0.05B 0.05B 0.04B
Cash flow
Cash from operations $96.9M $220M $243M $232M $222M $223M $469M $416M $540M $586M
Capital expenditure $20.5M $26.0M $35.7M $44.3M $37.5M $42.0M $35.6M $60.1M $68.2M $54.9M
Free cash flow $76.4M $194M $208M $187M $185M $181M $434M $356M $472M $531M
Depreciation and amortization $26.6M $44.5M $36.4M $39.1M $39.8M $42.5M $46.8M $52.1M $54.8M $58.0M
Stock-based compensation $4.2M $3.1M $5.8M $8.7M $2.9M $5.1M $10.9M $13.7M $14.8M $20.2M
Acquisitions $8.2M $0.0M $0.0M $0.0M $0.0M $462M $25.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $91.7M $274M $116M $107M $49.6M $158M $114M $85.0M $116M
Dividends paid $19.8M $36.8M $40.9M $44.0M $44.8M $47.5M $59.6M $61.9M $65.8M $70.9M
Dividends and buybacks $19.8M $129M $315M $160M $152M $97.1M $217M $176M $151M $187M
Balance sheet
Cash and short-term investments $90.0M $114M $71.8M $46.5M $65.8M $120M $117M $127M $175M $125M
Total debt $460M $407M $595M $635M $623M $1.3B $1.4B $1.6B $1.7B $2.2B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $892M $842M $790M $741M $625M $1.1B $1.1B $1.3B $1.4B $1.9B
Current liabilities $144M $121M $133M $203M $206M $392M $296M $336M $339M $408M
Inventory $331M $277M $275M $265M $190M $263M $288M $312M $335M $487M
Property and equipment, net $236M $230M $252M $336M $374M $463M $539M $633M $718M $808M
Total assets $2.1B $2.1B $2.1B $2.4B $2.4B $3.8B $3.9B $4.3B $4.5B $5.3B
Total liabilities $695M $588M $790M $1.1B $1.1B $2.0B $2.0B $2.3B $2.4B $3.0B
Shareholders' equity $1.5B $1.5B $1.3B $1.4B $1.3B $1.8B $1.9B $2.0B $2.1B $2.3B
Margins
Gross margin 55.6% 53.2% 54.3% 54.6% 55.9% 54.1% 46.3% 47.8% 48.1% 50.3%
EBITDA margin 12.9% 13.5% 15.2% 16.0% 13.1% 14.2% 16.2% 13.9% 14.4% 17.5%
Net margin 5.5% 8.1% 8.6% 8.8% 6.5% 7.4% 9.3% 7.0% 7.6% 9.0%
FCF margin 7.0% 10.9% 11.7% 10.1% 11.3% 10.7% 15.9% 11.3% 13.9% 14.5%
Returns
Return on capital 6.0% 9.1% 9.7% 10.0% 6.8% 6.2% 10.1% 8.7% 9.2% 10.7%
Return on capital employed 8.4% 10.0% 12.0% 12.3% 7.9% 7.1% 11.2% 10.2% 10.7% 12.9%
Return on equity 6.4% 9.8% 11.0% 12.3% 8.1% 8.1% 13.8% 11.3% 12.8% 15.3%
Return on assets 4.2% 6.8% 7.4% 7.2% 4.4% 4.0% 6.6% 5.4% 5.9% 6.8%
Growth
Revenue growth 54.5% 63.5% 0.1% 4.7% −12.5% 4.2% 60.6% 15.5% 7.5% 8.0%
Net income growth −1.0% 139.3% 6.5% 7.5% −35.3% 17.2% 102.9% −13.5% 18.0% 27.7%
EPS growth −19.6% 74.4% 13.7% 11.7% −32.8% 18.8% 76.3% −10.5% 19.4% 29.5%
FCF growth 6.6% 154.4% 6.9% −9.9% −1.4% −1.9% 139.3% −17.9% 32.5% 12.6%
Share count change 23.6% 36.8% −6.3% −3.7% −3.7% −1.4% 15.4% −3.5% −1.2% −1.4%
Financial health
Net debt / EBITDA 2.6x 1.2x 1.9x 2.0x 2.6x 4.9x 2.9x 3.4x 3.2x 3.3x
Debt / equity 0.3x 0.3x 0.5x 0.5x 0.5x 0.7x 0.7x 0.8x 0.9x 1.0x
Interest coverage 5.6x 8.2x 8.0x 7.6x 5.9x 6.1x 5.6x 4.1x 4.8x 4.3x
Current ratio 6.2x 7.0x 5.9x 3.7x 3.0x 2.9x 3.8x 3.9x 4.1x 4.6x
Quick ratio 3.9x 4.7x 3.9x 2.3x 2.1x 2.2x 2.9x 3.0x 3.2x 3.4x
Capital allocation
Capex / revenue 1.9% 1.5% 2.0% 2.4% 2.3% 2.5% 1.3% 1.9% 2.0% 1.5%
Stock comp / revenue 0.4% 0.2% 0.3% 0.5% 0.2% 0.3% 0.4% 0.4% 0.4% 0.6%
Payouts / FCF 25.9% 66.1% 151.4% 85.5% 82.1% 53.6% 50.1% 49.5% 32.0% 35.2%
Quality scores
Piotroski F-score 6.0 5.0 7.0 8.0 6.0 6.0 6.0 7.0 7.0 8.0
Altman Z'' 5.4 6.4 5.5 4.4 4.0 3.3 3.9 3.9 4.1 4.4
Accruals ratio −2.5% −3.6% −4.3% −3.0% −4.8% −3.2% −5.6% −4.8% −6.4% −5.2%

Source: SEC EDGAR XBRL filings (CIK 0000840489). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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