Dave
DAVE · Consumer Finance
$354.60
7.3%FirstCash
FCFS · Consumer Finance
$172.75
6.5%The short version
- FirstCash is the larger business, with $3.7B of revenue in fiscal 2025 against $554M for Dave, about 6.6 times as much.
- Dave grew revenue faster (59.7%, against 8.0%).
- Dave turned more of its sales into free cash flow (52.3% FCF margin, against 14.5% FCF margin).
- Dave earned a higher return on the capital invested in it (72.9%, against 10.7%).
- Investors pay more for each dollar of Dave’s earnings: a P/E of 23.0x against 19.7x for FirstCash.
| Latest fiscal year | DAVE · FY25 | FCFS · FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.9B | $7.6B |
| Revenue | $554M | $3.7B |
| Free cash flow | $290M | $531M |
| Net income | $196M | $330M |
| Growth | ||
| Revenue growth | 59.7% | 8.0% |
| 5-year growth | — | 17.6% |
| Share count change | 4.8% | −1.4% |
| Profitability | ||
| Gross margin | — | 50.3% |
| Operating margin | — | — |
| Net margin | 35.3% | 9.0% |
| FCF margin | 52.3% | 14.5% |
| Return on capital | 72.9% | 10.7% |
| Return on equity | 73.1% | 15.3% |
| Balance sheet | ||
| Net debt | −$80.5M | $2.1B |
| Net debt / EBITDA | −0.4x | 3.3x |
| Dividends and buybacks | $43.7M | $187M |
| Valuation & quality | ||
| P/E | 23.0x | 19.7x |
| Piotroski F-score | 6 | 8 |
FY16
DAVE —
FCFS $1.1B
FY17
DAVE —
FCFS $1.8B
FY18
DAVE —
FCFS $1.8B
FY19
DAVE —
FCFS $1.9B
FY20
DAVE —
FCFS $1.6B
FY21
DAVE $153M
FCFS $1.7B
FY22
DAVE $205M
FCFS $2.7B
FY23
DAVE $259M
FCFS $3.2B
FY24
DAVE $347M
FCFS $3.4B
FY25
DAVE $554M
FCFS $3.7B
DAVE
FCFS
FY16
DAVE —
FCFS —
FY17
DAVE —
FCFS —
FY18
DAVE —
FCFS —
FY19
DAVE —
FCFS —
FY20
DAVE —
FCFS —
FY21
DAVE −4.2%
FCFS —
FY22
DAVE —
FCFS —
FY23
DAVE —
FCFS —
FY24
DAVE —
FCFS —
FY25
DAVE —
FCFS —
DAVE
FCFS
FY16
DAVE —
FCFS $76.4M
FY17
DAVE —
FCFS $194M
FY18
DAVE —
FCFS $208M
FY19
DAVE —
FCFS $187M
FY20
DAVE —
FCFS $185M
FY21
DAVE −$0.9M
FCFS $181M
FY22
DAVE −$45.6M
FCFS $434M
FY23
DAVE $33.1M
FCFS $356M
FY24
DAVE $125M
FCFS $472M
FY25
DAVE $290M
FCFS $531M
DAVE
FCFS
FY16
DAVE —
FCFS 6.0%
FY17
DAVE —
FCFS 9.1%
FY18
DAVE —
FCFS 9.7%
FY19
DAVE —
FCFS 10.0%
FY20
DAVE —
FCFS 6.8%
FY21
DAVE —
FCFS 6.2%
FY22
DAVE −88.0%
FCFS 10.1%
FY23
DAVE −20.8%
FCFS 8.7%
FY24
DAVE 40.0%
FCFS 9.2%
FY25
DAVE 72.9%
FCFS 10.7%
DAVE
FCFS
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.