A Business at a Glance
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FirstCash Holdings, Inc.
FCFS
$8.7B
Mkt Cap
$195.06
-1.19%
FirstCash Holdings, Inc. (FCFS) has a current P/E ratio of 26.3, compared to its historical median P/E of 20.9. The stock is currently considered Expensive based on its historical valuation range.
FirstCash Holdings, Inc. (FCFS) has a 5-year average return on invested capital (ROIC) of 7.8%. This is below average and may indicate limited pricing power.
FirstCash Holdings, Inc. (FCFS) has a market capitalization of $8.6B. It is classified as a mid-cap stock.
Yes, FirstCash Holdings, Inc. (FCFS) pays a dividend with a trailing twelve-month yield of 0.84%. The company also returns capital through share buybacks, with a buyback yield of 1.23%.
Based on historical P/E analysis, FirstCash Holdings, Inc. (FCFS) appears expensive. The current P/E of 26.3 is 26% above its historical median of 20.9. The estimated fair value CAGR (P/E method) is 12.3%.
FirstCash Holdings, Inc. (FCFS) operates in the Retail-Miscellaneous Retail industry, within the Consumer Cyclical sector.
FirstCash is the leading operator of pawn stores across the U.S., Latin America, and the U.K., with over 3,300 locations as of December 31, 2025, following its August 2025 acquisition of H&T, the U.K.'s largest pawnbroker. The company operates through four reportable segments: U.S. pawn (29 states plus D.C.), Latin America pawn (Mexico, Guatemala, El Salvador, Colombia), U.K. pawn (England, Scotland, Wales), and a retail POS payment solutions business (American First Finance). Pawn stores generate revenue through non-recourse pawn loans collateralized by personal property such as jewelry, electronics, tools, and sporting goods, and through retail sales of merchandise acquired via collateral forfeitures and over-the-counter purchases; pawn merchandise sales accounted for 39% of consolidated net revenue in 2025. The company targets underbanked and credit-constrained customers who lack access to traditional lending, with a neighborhood-based retail model that does not pursue post-default collection or credit reporting. FirstCash differentiates itself in Latin America through larger-format, full-service stores offering a broader merchandise range compared to competitors, and benefits from limited competition from other large-format operators in markets with large unbanked populations. The U.K. pawn segment focuses on gold jewelry collateral with stores on high streets in major towns and cities, operating in a highly fragmented market where H&T holds the leading position.
【Market expansion opportunities ahead】 Management identifies significant growth potential in Latin America and the U.K. due to large unbanked and underbanked populations and limited competition from other large-format pawn operators. The company believes there is opportunity for further expansion in Mexico and other Latin American countries given the large potential consumer base and the competitive advantage of its full-service store format. Similarly, the U.K. and European pawn industries remain highly fragmented, presenting expansion opportunities for the company as the market leader in the U.K.
No forward guidance provided.
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.9B | 3.7B | 3.4B | 3.2B | 2.7B | 1.7B |
| Net Income | 354M | 330M | 259M | 219M | 253M | 125M |
| EPS | $8.00 | $7.42 | $5.73 | $4.80 | $5.36 | $3.04 |
| Free Cash Flow | 551M | 531M | 472M | 356M | 434M | 181M |
| ROIC | 0.0% | 9.2% | 8.3% | 7.4% | 8.8% | 5.4% |
| Gross Margin | 50.5% | 50.3% | 48.1% | 47.8% | 46.3% | 54.1% |
| Debt/Equity | 1.23 | 1.37 | 1.09 | 1.25 | 1.07 | 1.02 |
| Dividends/Share | $1.64 | $1.60 | $1.46 | $1.36 | $1.26 | $1.17 |
| Operating Income | 0 | 569M | 448M | 386M | 394M | 199M |
| Operating Margin | 0.0% | 15.5% | 13.2% | 12.2% | 14.5% | 11.7% |
| ROE | 15.4% | 15.3% | 12.8% | 11.3% | 13.7% | 8.1% |
| Shares Outstanding | 44M | 45M | 45M | 46M | 47M | 41M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 713M | 705M | 1.1B | 1.8B | 1.8B | 1.9B | 1.6B | 1.7B | 2.7B | 3.2B | 3.4B | 3.7B | 3.9B |
| Gross Margin | 56.2% | 55.5% | 55.6% | 53.2% | 54.3% | 54.6% | 55.9% | 54.1% | 46.3% | 47.8% | 48.1% | 50.3% | 50.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 54M | 52M | 97M | 122M | 120M | 122M | 111M | 111M | 148M | 182M | 178M | 233M | 250M |
| EBIT | 130M | 105M | 114M | 196M | 234M | 259M | 173M | 199M | 394M | 386M | 448M | 569M | 0 |
| Op. Margin | 18.3% | 14.8% | 10.5% | 11.0% | 13.2% | 13.9% | 10.6% | 11.7% | 14.5% | 12.2% | 13.2% | 15.5% | 0.0% |
| Net Income | 85M | 61M | 60M | 144M | 153M | 165M | 107M | 125M | 253M | 219M | 259M | 330M | 354M |
| Net Margin | 11.9% | 8.6% | 5.5% | 8.1% | 8.6% | 8.8% | 6.5% | 7.4% | 9.3% | 7.0% | 7.6% | 9.0% | 9.1% |
| Non-Recurring | 0 | 7.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 14.3% | 11.4% | 5.3% | 8.3% | 8.7% | 8.1% | 5.7% | 5.4% | 8.8% | 7.4% | 8.3% | 9.2% | 0.0% |
| ROE | 20.1% | 14.0% | 6.4% | 9.8% | 11.0% | 12.3% | 8.1% | 8.1% | 13.7% | 11.3% | 12.8% | 15.3% | 15.4% |
| ROA | 12.4% | 8.3% | 4.1% | 6.8% | 7.3% | 7.2% | 4.4% | 4.0% | 6.5% | 5.4% | 5.9% | 6.8% | 6.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 98M | 93M | 97M | 220M | 243M | 232M | 222M | 223M | 469M | 416M | 540M | 586M | 613M |
| Free Cash Flow | 74M | 72M | 76M | 194M | 208M | 187M | 185M | 181M | 434M | 356M | 472M | 531M | 551M |
| Owner Earnings | 80M | 76M | 66M | 173M | 201M | 184M | 180M | 176M | 412M | 350M | 470M | 508M | 90M |
| CapEx | 24M | 21M | 20M | 26M | 36M | 44M | 38M | 42M | 36M | 60M | 68M | 55M | 62M |
| Maint. CapEx | 16M | 16M | 27M | 45M | 36M | 39M | 40M | 43M | 47M | 52M | 55M | 58M | 502M |
| Growth CapEx | 8.0M | 5.0M | 0 | 0 | 0 | 5.2M | 0 | 0 | 0 | 8.0M | 13M | 0 | 0 |
| D&A | 16M | 16M | 27M | 45M | 36M | 39M | 40M | 43M | 47M | 52M | 55M | 58M | 502M |
| CapEx/OCF | 24.5% | 22.7% | 35.0% | 11.8% | 14.7% | 19.1% | 16.9% | 18.8% | 7.6% | 14.5% | 12.6% | 9.4% | 10.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 20M | 37M | 41M | 44M | 45M | 48M | 60M | 62M | 66M | 71M | 72M |
| Dividend Yield | N/A | N/A | 1.4% | 1.6% | 1.2% | 1.2% | 1.7% | 1.7% | 1.7% | 1.4% | 1.3% | 1.2% | 0.8% |
| Share Buybacks | 44M | 40M | 0 | 92M | 274M | 116M | 107M | 50M | 158M | 114M | 85M | 116M | 106M |
| Buyback Yield | 3.1% | 4.2% | N/A | 3.2% | 9.4% | 3.6% | 3.9% | 1.8% | 4.0% | 2.4% | 1.9% | 1.6% | 1.2% |
| Stock-Based Comp | 2.0M | 429K | 4.2M | 3.1M | 5.8M | 8.7M | 2.9M | 5.2M | 11M | 14M | 15M | 20M | 21M |
| Debt Repayment | 8.4M | 0 | 0 | 5.3M | 948K | 1.1M | 8.0M | 11M | 1.8M | 279K | 10M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 177M | 229M | 630M | 395M | 814M | 1.2B | 957M | 1.7B | 1.9B | 2.4B | 2.1B | 3.0B | 2.7B |
| Cash & Equiv. | 68M | 87M | 90M | 114M | 72M | 47M | 66M | 120M | 117M | 127M | 175M | 125M | 131M |
| Long-Term Debt | 222M | 258M | 460M | 402M | 591M | 632M | 616M | 1.3B | 1.4B | 1.6B | 1.7B | 2.2B | 2.3B |
| Debt/Equity | 0.56 | 0.73 | 0.50 | 0.35 | 0.67 | 0.92 | 0.80 | 1.02 | 1.07 | 1.25 | 1.09 | 1.37 | 1.23 |
| Interest Coverage | 9.6 | 6.2 | 5.6 | 8.2 | 8.0 | 7.6 | 5.9 | 6.1 | 5.6 | 4.1 | 4.3 | 4.7 | 4.7 |
| Equity | 434M | 431M | 1.4B | 1.5B | 1.3B | 1.4B | 1.3B | 1.8B | 1.9B | 2.0B | 2.1B | 2.3B | 2.3B |
| Total Assets | 712M | 753M | 2.1B | 2.1B | 2.1B | 2.4B | 2.4B | 3.8B | 3.9B | 4.3B | 4.5B | 5.3B | 5.4B |
| Total Liabilities | 282M | 322M | 695M | 587M | 790M | 1.1B | 1.1B | 2.0B | 2.0B | 2.3B | 2.4B | 3.0B | 3.1B |
| Intangibles | N/A | 6.2M | 104M | 94M | 88M | 86M | 84M | 388M | 330M | 278M | 229M | 231M | 215M |
| Retained Earnings | 583M | 644M | 387M | 494M | 607M | 727M | 789M | 867M | 1.1B | 1.2B | 1.4B | 1.7B | 1.8B |
| Working Capital | 258M | 279M | 749M | 722M | 657M | 538M | 418M | 737M | 835M | 971M | 1.1B | 1.4B | 1.5B |
| Current Assets | 301M | 325M | 892M | 842M | 790M | 741M | 625M | 1.1B | 1.1B | 1.3B | 1.4B | 1.9B | 1.9B |
| Current Liabilities | 43M | 46M | 144M | 121M | 133M | 203M | 206M | 392M | 296M | 336M | 339M | 408M | 400M |
| Per Share Data | |||||||||||||
| EPS | 1.47 | 1.07 | 1.72 | 3.00 | 3.41 | 3.81 | 2.56 | 3.04 | 5.36 | 4.80 | 5.73 | 7.42 | 8.00 |
| Owner EPS | 1.37 | 1.34 | 1.89 | 3.60 | 4.48 | 4.25 | 4.31 | 4.28 | 8.70 | 7.67 | 10.41 | 11.40 | 2.02 |
| Book Value | 7.47 | 7.60 | 41.48 | 30.76 | 29.34 | 31.25 | 30.84 | 44.01 | 39.75 | 43.70 | 45.48 | 51.13 | 51.94 |
| Cash Flow/Share | 1.68 | 1.63 | 2.77 | 4.59 | 5.42 | 5.36 | 5.34 | 5.43 | 9.92 | 9.11 | 11.95 | 13.16 | 19.36 |
| Dividends/Share | 0.00 | 0.00 | 0.57 | 0.77 | 0.91 | 1.02 | 1.08 | 1.17 | 1.26 | 1.36 | 1.46 | 1.60 | 1.64 |
| Shares Out. | 58.1M | 56.7M | 35.0M | 48.0M | 44.9M | 43.2M | 41.6M | 41.1M | 47.3M | 45.7M | 45.2M | 44.5M | 44.2M |
| Valuation | |||||||||||||
| P/E Ratio | 16.7 | 15.6 | 31.6 | 20.2 | 19.0 | 19.4 | 25.7 | 22.7 | 15.6 | 22.0 | 17.7 | 21.6 | 24.4 |
| P/FCF | 38.6 | 26.4 | 18.7 | 15.0 | 14.0 | 17.1 | 14.8 | 15.6 | 9.1 | 13.5 | 9.7 | 13.5 | 15.7 |
| EV/EBIT | 11.6 | 9.8 | 19.1 | 15.7 | 14.3 | 14.4 | 18.6 | 19.5 | 12.9 | 16.0 | 13.3 | 16.0 | N/A |
| Price/Book | 3.3 | 2.2 | 1.3 | 2.0 | 2.2 | 2.4 | 2.1 | 1.6 | 2.1 | 2.4 | 2.2 | 3.1 | 3.8 |
| Price/Sales | 1.9 | 1.6 | 1.7 | 1.3 | 1.9 | 1.9 | 1.6 | 1.7 | 1.3 | 1.4 | 1.5 | 1.6 | 2.2 |
| FCF Yield | 5.2% | 7.6% | 4.0% | 6.7% | 7.2% | 5.9% | 6.7% | 6.4% | 10.9% | 7.4% | 10.3% | 7.4% | 6.4% |
| Market Cap | 1.4B | 948M | 1.9B | 2.9B | 2.9B | 3.2B | 2.7B | 2.8B | 4.0B | 4.8B | 4.6B | 7.2B | 8.6B |
| Avg. Price | 47.77 | 38.76 | 40.32 | 49.13 | 73.63 | 82.36 | 63.59 | 70.11 | 72.78 | 94.32 | 111.45 | 133.51 | 195.06 |
| Year-End Price | 48.95 | 33.41 | 40.82 | 60.70 | 64.63 | 74.00 | 65.74 | 68.99 | 83.82 | 105.53 | 101.65 | 160.59 | 195.06 |
FirstCash Holdings, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
FirstCash Holdings, Inc. trades at 26.3x trailing earnings, compared to its 15-year median P/E of 20.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 16.4x vs a median of 14.4x. The company's 5-year average ROIC is 7.8% with a gross margin of 49.3%. Total shareholder yield (dividends + buybacks) is 2.1%. At current prices, the estimated annualized return to fair value is +17.1%.
FirstCash Holdings, Inc. (FCFS) reported annual revenue of $3.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
FirstCash Holdings, Inc. (FCFS) has a net profit margin of 9.0%. This is a modest margin.
FirstCash Holdings, Inc. (FCFS) generated $531 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FirstCash Holdings, Inc. (FCFS) has a debt-to-equity ratio of 1.37. This indicates moderate leverage.
FirstCash Holdings, Inc. (FCFS) reported earnings per share (EPS) of $7.42 in its most recent fiscal year.
FirstCash Holdings, Inc. (FCFS) has a return on equity (ROE) of 15.3%. This indicates the company generates strong returns for shareholders.
FirstCash Holdings, Inc. (FCFS) has a 5-year average gross margin of 49.3%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for FirstCash Holdings, Inc. (FCFS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FirstCash Holdings, Inc. (FCFS) has a book value per share of $51.13, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management identifies significant growth potential in Latin America and the U.K. due to large unbanked and underbanked populations and limited competition from other large-format pawn operators. The company believes there is opportunity for further expansion in Mexico and other Latin American countries given the large potential consumer base and the competitive advantage of its full-service store format. Similarly, the U.K. and European pawn industries remain highly fragmented, presenting expansion opportunities for the company as the market leader in the U.K.