Firstcash Holdings Inc (Texas) FCFS

FinancialsBanking ServicesUnited States of America

Last close 193.71 USD on Nov 2, 2026, +22.3% year to date

Quant rating

Quant rating C Rank 322 of 799 in Financials

Growth A 94 of 799
Valuation B 148 of 799
Quality B 180 of 799
Revisions C 389 of 799
Momentum D 678 of 799

Wall Street consensus Buy (1.75)Average target 247.50 USD +27.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 8.3B
Enterprise value: 10.6B
52-week range: 147.92 – 237.75
3-year range: 100.54 – 237.75
Dividend yield: 1.02%
Beta (5 years): 0.55
Shares outstanding: 42.9M
Next earnings: Feb 5, 2027

About the company

FirstCash Holdings, Inc. is an international operator of pawn stores focused on serving cash and credit-constrained consumers. The Company is also a provider of customer payment solutions at the point-of-sale (POS) for retailers of consumer goods and services, which it conducts solely through its subsidiary, American First Finance (AFF). The Company's customer payment solutions business line focuses on lease-to-own (LTO) products and facilitating other retail financing payment options across a large network of traditional and e-commerce merchant partners in the United States. The Company operates through four segments: U.S. pawn, Latin America pawn, U.K. pawn, and Retail POS payment solutions. The Company operates over 3,300 pawn stores with locations in the United States, Latin America and the United Kingdom. The stores buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	3,661	3,389	3,152	2,729	1,699	–
Revenue growth	8.0%	7.5%	15.5%	60.6%	4.1%	17.5%
EPS (basic, normalized)	7.88	5.79	4.97	5.44	3.36	–
EPS growth	36.0%	16.7%	−8.8%	62.2%	7.2%	20.3%
Gross margin	50.3%	48.1%	47.8%	46.3%	54.1%	49.3%
Net margin	9.0%	7.6%	7.0%	9.3%	7.4%	8.1%
ROE	–	14.9%	–	13.3%	10.4%	12.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	203
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	2,447
Net debt (mil)	2,244
Total equity (mil)	2,273
Net debt / equity	0.99x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	3,661	+8.0%	2.9x	51.77	–	3.7x	8.76	+30.7%	22.1x
2026	4,362	+19.1%	2.4x	–	–	–	10.99	+25.4%	17.6x
2027	4,664	+6.9%	2.3x	–	–	–	12.75	+16.0%	15.2x
2028	5,081	+8.9%	2.1x	–	–	–	15.12	+18.6%	12.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	4,362	−0.5%	−0.2%	+2.1%	10.99	−2.8%	−2.7%	+2.0%
2027	4,664	−1.8%	−2.5%	+2.2%	12.75	−1.4%	−2.3%	+2.8%
2028	5,081	−6.8%	−6.7%	+34.0%	15.12	−4.5%	−2.7%	+0.3%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	836	831	837	884	836	831	936	1,058	1,052	1,075
Sales mean (mil)	846	825	844	898	836	823	856	1,023	1,003	1,032
Surprise	−1.1%	+0.7%	−0.8%	−1.5%	+0.1%	+1.0%	+9.3%	+3.5%	+4.9%	+4.1%
EPS reported	1.55	1.37	1.67	2.12	2.07	1.79	2.26	2.64	2.69	2.50
EPS mean	1.52	1.32	1.62	2.01	1.74	1.67	1.94	2.51	2.31	2.40
Surprise	+1.7%	+3.9%	+3.0%	+5.3%	+19.1%	+7.1%	+16.4%	+5.2%	+16.6%	+4.1%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
FCFS Firstcash Holdings Inc (Texas)	8.3B	–	9.0%	–	17.6x	15.2x	–	–
SOFI SoFi Technologies, Inc.	21.5B	18.7%	14.3%	0.99x	27.2x	18.7x	1.9x	1.7x
OMF OneMain Holdings, Inc.	6.6B	–	12.5%	–	8.7x	7.0x	1.9x	1.7x
CACC Credit Acceptance Corp	4.9B	–	18.3%	–	10.0x	9.5x	18.3x	17.2x
NNI Nelnet, Inc.	4.4B	–	21.2%	–	16.8x	14.6x	–	–
ENVA Enova International, Inc.	4.3B	–	16.8%	–	10.1x	8.2x	2.5x	1.9x
Mean		18.7%	15.4%	0.99x	15.1x	12.2x	6.1x	5.6x
Median		18.7%	15.6%	0.99x	13.4x	12.1x	2.2x	1.8x

Technical analysis

1M−7.9%
3M−4.9%
1Y+23.3%
3Y+83.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Firstcash Holdings Inc (Texas), fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	3,661	3,389	3,152	2,729	1,699	1,631
Total interest expense	–	–	–	–	–	–
Net interest income	3,661	3,389	3,152	2,729	1,699	1,631
Loan loss provision	–	–	–	–	–	–
Net interest income after loan loss provision	–	–	–	–	–	–
Non-interest income	–	–	–	–	–	–
Non-interest expense	–	–	–	–	–	–
Net income before taxes	448	343	293	324	167	144
Provision for taxes	117	84.0	73.5	70.1	41.6	37.1
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	330	259	219	253	125	107
Extraordinary items	–	–	–	–	–	–
Net income	330	259	219	253	125	107
Basic weighted average shares (mil)	44.3	45.0	45.5	47.2	41.0	41.5
Diluted weighted average shares (mil)	44.5	45.2	45.7	47.3	41.0	41.6
Basic EPS excluding extraordinary items	7.46	5.76	4.82	5.37	3.05	2.57
Basic EPS, normalized	7.88	5.79	4.97	5.44	3.36	3.13

Balance sheet in millions of USD, fiscal years

Balance sheet, Firstcash Holdings Inc (Texas), fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	–	–	–	–	–	–
Other earning assets	–	–	–	–	–	–
Net loans	–	–	–	–	–	–
Property, plant & equipment	1,174	1,043	961	846	769	673
Goodwill	2,023	1,787	1,728	1,581	1,536	977
Intangibles	231	229	278	330	388	83.7
Long-term investments	–	–	–	–	–	–
Other long-term assets	16.1	14.6	16.8	16.8	14.1	14.0
Other assets	–	–	–	–	–	–
Total assets	5,301	4,477	4,290	3,905	3,836	2,372
Liabilities
Accounts payable	26.5	31.1	26.5	29.2	23.1	7.2
Payable/accrued	–	–	–	–	–	–
Accrued expenses	259	229	232	199	182	155
Total deposits	–	–	–	–	–	–
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	–	–	–	–	–	–
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	2,208	1,729	1,606	1,375	1,293	616
Minority interest	–	–	–	–	–	–
Other liabilities	530	433	429	422	530	311
Total liabilities	3,024	2,423	2,293	2,025	2,028	1,088
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.6	0.6	0.6	0.6	0.6	0.5
Additional paid-in capital	1,771	1,768	1,741	1,735	1,725	1,222
Retained earnings (accumulated deficit)	1,671	1,411	1,218	1,061	867	789
Treasury stock	−1,101	−995	−920	−809	−653	−609
Other equity	−64.8	−130	−43.0	−107	−131	−118
Total equity	2,277	2,054	1,996	1,880	1,808	1,284
Total liabilities & shareholders' equity	5,301	4,477	4,290	3,905	3,836	2,372

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Firstcash Holdings Inc (Texas), fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	330	259	219	253	125	107
Depreciation, depletion & amortization	112	105	109	104	45.9	42.1
Deferred taxes	18.7	−7.4	−13.1	42.5	10.7	14.5
Non-cash items	559	723	709	562	58.3	26.0
Changes in working capital	−434	−539	−609	−492	−16.5	33.1
Cash from operations	586	540	416	469	223	222
Investing activities
Capital expenditures	−117	−154	−131	−118	−122	−83.0
Other investing cash flows	−711	−287	−332	−218	−623	62.7
Cash from investing	−828	−442	−462	−336	−745	−20.4
Financing activities
Financing cash flow items	−5.8	−17.4	−2.7	−1.8	−12.2	−11.6
Cash dividends paid	−70.9	−65.8	−61.9	−59.6	−47.5	−44.8
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	253	45.0	116	−77.9	637	−130
Cash from financing	176	−38.2	51.3	−139	577	−187
Foreign exchange effects	15.8	−12.1	4.6	3.7	−1.5	3.9
Net change in cash	−49.9	48.1	9.7	−2.7	54.2	19.3
Free cash flow	469	386	286	351	102	139

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.