FirstCash Holdings, Inc (FCFS) 10-Year Financial Performance & Capital Metrics

FCFS • • Banking & Credit

Financial ServicesCredit ServicesSpecialty & Alternative FinancePawn Lending Services

AboutFirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. 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 on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers. The company is also involved in melting scrap jewelry, as well as sells gold, silver, and diamonds in commodity markets. As of December 31, 2021, it operated 1,081 stores in the United States and the District of Columbia; 1,656 stores in Mexico; 60 stores in Guatemala; 13 stores in El Salvador; and 15 stores in Colombia. The company was incorporated in 1988 and is headquartered in Fort Worth, Texas.Show more

Net Interest Income -$103M -12.5%
Total Revenue $3.39B +7.5%
Net Income $259M +18.0%
Return on Equity 12.78% +12.9%
Net Interest Margin -2.31% -7.8%
Efficiency Ratio 34.8% -1.9%
ROA 5.9% +10.3%
Equity / Assets 45.88% -1.4%
Book Value per Share 45.68 +4.5%
Tangible BV/Share 0.85 +532.5%
Debt/Equity 1.00 +3.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 34.8% efficiency ratio
✓Well capitalized: 45.9% equity/assets
✓Diversified revenue: 99.9% from non-interest income
✓Trading near 52-week high

✗Weaknesses

✗Weak NIM of -2.3%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y16.87%

5Y12.69%

3Y25.88%

TTM-

Profit (Net Income) CAGR

10Y11.76%

5Y9.47%

3Y27.49%

TTM26.5%

EPS CAGR

10Y6.94%

5Y8.5%

3Y23.53%

TTM28.33%

ROCE

10Y Avg10.85%

5Y Avg9.08%

3Y Avg9.83%

Latest11.13%

Peer Comparison

Pawn Lending Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FCFSFirstCash Holdings, Inc	7.46B	169.01	29.50	7.51%	7.64%	14.08%	6.32%	1.00
EZPWEZCORP, Inc.	1.25B	21.54	15.17	9.7%	8.6%	9.91%	8.85%	0.75

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-15.32M	-19.57M	-22.44M	-26.73M	-32.98M	-27.8M	-31.69M	-69.39M	-91.77M	-103.29M
NII Growth %	-0.19%	-0.28%	-0.15%	-0.19%	-0.23%	0.16%	-0.14%	-1.19%	-0.32%	-0.13%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	1.57M	751K	1.6M	2.44M	1.05M	1.54M	696K	1.31M	1.47M	1.94M
Interest Expense	16.89M	20.32M	24.04M	29.17M	34.03M	29.34M	32.39M	70.71M	93.24M	105.23M
Loan Loss Provision	296.53M	463.25M	808.28M	784.92M	812.06M	690.8M	747.43M	1.39B	1.55B	1.65B
Non-Interest Income+	703.04M	1.09B	1.78B	1.78B	1.86B	1.63B	1.7B	2.73B	3.15B	3.39B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	704.6M	1.09B	1.78B	1.78B	1.86B	1.63B	1.7B	2.73B	3.15B	3.39B
Revenue Growth %	-0.01%	0.54%	0.64%	0%	0.05%	-0.13%	0.04%	0.61%	0.15%	0.08%
Non-Interest Expense	277.39M	455.46M	729.9M	726.32M	759.78M	715.19M	722M	980.68M	1.12B	1.18B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	113.79M	149.34M	217.61M	240.44M	258.57M	195.94M	197.16M	283.9M	389.61M	450.41M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.13%	0.31%	0.46%	0.1%	0.08%	-0.24%	0.01%	0.44%	0.37%	0.16%
Pretax Income+	87.68M	93.45M	172.31M	205.31M	224.61M	143.7M	166.5M	323.63M	292.85M	342.78M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	26.97M	33.32M	28.42M	52.1M	59.99M	37.12M	41.59M	70.14M	73.55M	83.96M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	60.71M	60.13M	143.89M	153.21M	164.62M	106.58M	124.91M	253.5M	219.3M	258.81M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.29%	-0.01%	1.39%	0.06%	0.07%	-0.35%	0.17%	1.03%	-0.13%	0.18%
Net Income (Continuing)	60.71M	60.13M	143.89M	153.21M	164.62M	106.58M	124.91M	253.5M	219.3M	258.81M
EPS (Diluted)+	2.14	1.72	3.00	3.41	3.81	2.56	3.04	5.36	4.80	5.73
EPS Growth %	-0.27%	-0.2%	0.74%	0.14%	0.12%	-0.33%	0.19%	0.76%	-0.1%	0.19%
EPS (Basic)	2.16	1.72	3.01	3.42	3.83	2.57	3.05	5.37	4.82	5.76
Diluted Shares Outstanding	28.33M	35M	47.89M	44.88M	43.21M	41.6M	41.02M	47.33M	45.69M	44.97M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	86.95M	89.95M	114.42M	71.79M	46.53M	65.85M	120.05M	117.33M	127.02M	175.09M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	0	0	0	0	0	0	0	0	0	0
Investments Growth %	1%	-	-	-	-	-	-	-	-	-
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	295.61M	831.15M	831.14M	917.42M	948.64M	977.38M	1.54B	1.58B	1.73B	1.79B
Intangible Assets	6.18M	104.47M	93.82M	88.14M	85.88M	83.65M	388.18M	330.34M	277.72M	228.86M
PP&E (Net)	112.45M	236.06M	230.34M	251.65M	640.72M	672.62M	768.59M	845.69M	961.18M	1.04B
Other Assets	14.21M	71.68M	54.05M	49.24M	11.51M	9.82M	8.53M	9.41M	10.24M	9.93M
Total Current Assets	325.43M	892.13M	842.2M	789.89M	740.99M	624.57M	1.13B	1.13B	1.31B	1.4B
Total Non-Current Assets	431.59M	1.25B	1.22B	1.32B	1.7B	1.75B	2.71B	2.77B	2.98B	3.07B
Total Assets+	757.02M	2.15B	2.06B	2.11B	2.44B	2.37B	3.84B	3.9B	4.29B	4.48B
Asset Growth %	0.06%	1.83%	-0.04%	0.02%	0.16%	-0.03%	0.62%	0.02%	0.1%	0.04%
Return on Assets (ROA)	0.08%	0.04%	0.07%	0.07%	0.07%	0.04%	0.04%	0.07%	0.05%	0.06%
Accounts Payable	1.82M	11.66M	4.79M	6.89M	5.87M	7.19M	23.08M	27.42M	26.5M	31.14M
Total Debt+	258M	456.55M	402.24M	590.89M	911.54M	899.42M	1.59B	1.67B	1.92B	2.05B
Net Debt	171.05M	366.59M	287.82M	519.09M	865.01M	833.58M	1.47B	1.55B	1.8B	1.87B
Long-Term Debt	253.87M	456.55M	402.24M	590.89M	631.57M	615.92M	1.29B	1.37B	1.61B	1.73B
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	33.77M	17.6M	11.08M	0	0	13.95M	0	136.77M	0
Total Current Liabilities	46.17M	143.63M	120.57M	133.04M	202.9M	206.41M	392.21M	295.53M	335.59M	339.4M
Total Non-Current Liabilities	279.46M	551.59M	466.88M	656.83M	886.5M	881.98M	1.64B	1.73B	1.96B	2.08B
Total Liabilities	325.64M	695.22M	587.45M	789.87M	1.09B	1.09B	2.03B	2.03B	2.29B	2.42B
Total Equity+	431.38M	1.45B	1.48B	1.32B	1.35B	1.28B	1.81B	1.88B	2B	2.05B
Equity Growth %	-0.04%	2.36%	0.02%	-0.11%	0.02%	-0.05%	0.41%	0.04%	0.06%	0.03%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.14%	0.06%	0.1%	0.11%	0.12%	0.08%	0.08%	0.14%	0.11%	0.13%
Book Value per Share	15.23	41.42	30.81	29.37	31.25	30.86	44.07	39.72	43.69	45.68
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	403K	493K	493K	493K	493K	493K	573K	573K	573K	575K
Additional Paid-in Capital	202.39M	1.22B	1.22B	1.22B	1.23B	1.22B	1.72B	1.73B	1.74B	1.77B
Retained Earnings	643.6M	387.4M	494.46M	606.81M	727.48M	789.3M	866.68M	1.06B	1.22B	1.41B
Accumulated OCI	-78.41M	-119.81M	-111.88M	-113.12M	-96.97M	-118.43M	-131.3M	-106.57M	-43.04M	-129.6M
Treasury Stock	-336.61M	-36.07M	-128.1M	-400.69M	-512.49M	-609.34M	-652.78M	-809.37M	-920.19M	-995.47M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	92.75M	96.85M	220.36M	243.43M	231.6M	222.26M	223.3M	469.31M	416.14M	539.96M
Operating CF Growth %	-0.05%	0.04%	1.28%	0.1%	-0.05%	-0.04%	0%	1.1%	-0.11%	0.3%
Net Income	60.71M	60.13M	143.89M	153.21M	164.62M	106.58M	124.91M	253.5M	219.3M	258.81M
Depreciation & Amortization	17.94M	31.86M	55.23M	42.7M	41.9M	42.1M	58.73M	457.33M	520.62M	0
Deferred Taxes	-430K	11.91M	-14.5M	7.43M	7.01M	14.48M	10.72M	42.49M	-13.1M	-7.42M
Other Non-Cash Items	9.62M	5.87M	27.7M	12.84M	3.83M	23.05M	40.27M	197.52M	284.18M	827.51M
Working Capital Changes	4.48M	-17.09M	4.96M	21.47M	5.56M	33.14M	-16.48M	-492.38M	-608.53M	-538.95M
Cash from Investing+	-71.68M	-25.97M	1.4M	-159.25M	-137.05M	-20.35M	-744.64M	-336.44M	-462.33M	-441.59M
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale/Maturity of Investments	0	1000K	0	0	0	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-46.89M	-38.12M	-2.2M	-113.7M	-52.49M	-44.31M	-543.92M	-96.78M	-181.31M	-75.96M
Other Investing	-3.72M	-29.48M	29.57M	-9.87M	-40.26M	61.51M	-158.69M	-204.07M	-220.87M	-297.38M
Cash from Financing+	9.13M	-58.71M	-197.51M	-127.06M	-120.81M	-186.5M	576.99M	-139.27M	51.31M	-38.19M
Dividends Paid	0	-19.81M	-36.84M	-40.85M	-43.95M	-44.75M	-47.53M	-59.57M	-61.88M	-65.76M
Share Repurchases	-39.97M	0	-91.74M	-273.66M	-116.11M	-106.97M	-49.61M	-157.86M	-114.38M	-85M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K
Other Financing	13.5M	-2.37M	-5.04M	-548K	-749K	-10.49M	-11.86M	-1.84M	-2.74M	-17.43M
Net Change in Cash+	18.96M	3M	24.47M	-42.63M	-25.27M	19.32M	54.2M	-2.72M	9.69M	48.08M
Exchange Rate Effect	-1000K	-1000K	220K	249K	997K	1000K	-1000K	1000K	1000K	-1000K
Cash at Beginning	67.99M	86.95M	89.95M	114.42M	71.79M	46.53M	65.85M	120.05M	117.33M	127.02M
Cash at End	86.95M	89.95M	114.42M	71.79M	46.53M	65.85M	120.05M	117.33M	127.02M	175.09M
Interest Paid	15.46M	18.66M	24.3M	27.12M	32.68M	21.03M	29.46M	52.89M	90.28M	91.18M
Income Taxes Paid	21.58M	21.54M	29.81M	29.6M	48.87M	34.19M	24.56M	30.07M	102.16M	85.42M
Free Cash Flow+	71.68M	76.4M	194.39M	207.75M	187.28M	184.72M	181.28M	433.72M	355.99M	471.71M
FCF Growth %	-0.03%	0.07%	1.54%	0.07%	-0.1%	-0.01%	-0.02%	1.39%	-0.18%	0.33%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	13.8%	6.39%	9.84%	10.97%	12.34%	8.09%	8.08%	13.75%	11.32%	12.78%
Return on Assets (ROA)	8.25%	4.14%	6.84%	7.35%	7.24%	4.43%	4.02%	6.55%	5.35%	5.9%
Net Interest Margin	-2.02%	-0.91%	-1.09%	-1.27%	-1.35%	-1.17%	-0.83%	-1.78%	-2.14%	-2.31%
Efficiency Ratio	39.37%	41.85%	41.01%	40.79%	40.75%	43.84%	42.5%	35.94%	35.46%	34.8%
Equity / Assets	56.98%	67.59%	71.52%	62.53%	55.34%	54.12%	47.13%	48.14%	46.54%	45.88%
Book Value / Share	15.23	41.42	30.81	29.37	31.25	30.86	44.07	39.72	43.69	45.68
NII Growth	-19.28%	-27.73%	-14.66%	-19.12%	-23.39%	15.69%	-13.98%	-118.98%	-32.25%	-12.55%
Dividend Payout	-	32.94%	25.6%	26.67%	26.7%	41.99%	38.05%	23.5%	28.21%	25.41%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
US Pawn	-	-	-	-	-	-	-	-	1.37B	1.57B
US Pawn Growth	-	-	-	-	-	-	-	-	-	14.62%
Retail POS Payment Solutions	-	-	-	-	-	-	67.22M	803.44M	986.5M	1.01B
Retail POS Payment Solutions Growth	-	-	-	-	-	-	-	1095.24%	22.78%	2.60%
Pawn	-	-	-	-	-	-	1.07B	1.25B	-	-
Pawn Growth	-	-	-	-	-	-	-	16.75%	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	336.85M	671.51M	1.29B	1.22B	1.19B	1.08B	1.11B	2.05B	2.35B	2.58B
UNITED STATES Growth	-	99.35%	92.48%	-5.29%	-2.50%	-9.67%	2.64%	85.56%	14.37%	9.71%
MEXICO	-	-	-	-	-	-	562.49M	639.2M	762.56M	764.43M
MEXICO Growth	-	-	-	-	-	-	-	13.64%	19.30%	0.24%
Other Latin America	-	19.32M	23.17M	24.98M	29.42M	22.68M	29.84M	36.27M	40.74M	47.46M
Other Latin America Growth	-	-	19.94%	7.81%	17.78%	-22.90%	31.56%	21.53%	12.33%	16.49%
Latin America	367.75M	397.55M	464.16M	531.74M	641.5M	530.46M	-	-	-	-
Latin America Growth	-	8.10%	16.76%	14.56%	20.64%	-17.31%	-	-	-	-

Frequently Asked Questions

Valuation & Price

FirstCash Holdings, Inc (FCFS) has a price-to-earnings (P/E) ratio of 29.5x. This suggests investors expect higher future growth.

Growth & Financials

FirstCash Holdings, Inc (FCFS) grew revenue by 7.5% over the past year. This is steady growth.

Yes, FirstCash Holdings, Inc (FCFS) is profitable, generating $309.8M in net income for fiscal year 2024 (7.6% net margin).

Dividend & Returns

Yes, FirstCash Holdings, Inc (FCFS) pays a dividend with a yield of 0.87%. This makes it attractive for income-focused investors.

FirstCash Holdings, Inc (FCFS) has a return on equity (ROE) of 12.8%. This is reasonable for most industries.

Industry Metrics

FirstCash Holdings, Inc (FCFS) has a net interest margin (NIM) of -2.3%. NIM has been under pressure due to interest rate environment.

FirstCash Holdings, Inc (FCFS) has an efficiency ratio of 34.8%. This is excellent, indicating strong cost control.

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