FirstCash Holdings, Inc (FCFS) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Financial - Credit Services
EV/EBITDA
↓
12.80
↑+30% vs avg
5yr avg: 9.85
30Y Low6.0·High30.7
P/FCF
↓
21.36
↑+63% vs avg
5yr avg: 13.07
30Y Low4.8·High77.2
P/B Ratio
↑
4.44
↑+89% vs avg
5yr avg: 2.35
30Y Low0.9·High6.9
ROE
↑
15.3%
↓+25% vs avg
5yr avg: 12.2%
30Y Low-12%·High27%
Debt/EBITDA
↓
2.84
↓-8% vs avg
5yr avg: 3.10
30Y Low0.0·High6.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FCFS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
FirstCash Holdings, Inc trades at 30.6x earnings, 49% above its 5-year average of 20.6x, sitting at the 76th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 125%. On a free-cash-flow basis, the stock trades at 21.4x P/FCF, 63% above the 5-year average of 13.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.0B | $7.1B | $4.7B | $5.0B | $4.1B | $3.1B | $2.9B | $3.5B | $3.2B | $3.2B | $1.6B |
| Enterprise Value | $12.7B | $9.8B | $6.5B | $6.7B | $5.7B | $4.5B | $3.7B | $4.3B | $3.8B | $3.5B | $2.0B |
| P/E Ratio → | 30.60 | 21.48 | 18.08 | 22.58 | 16.21 | 24.61 | 27.36 | 21.16 | 21.22 | 22.48 | 27.33 |
| P/S Ratio | 2.74 | 1.94 | 1.37 | 1.57 | 1.51 | 1.81 | 1.79 | 1.87 | 1.82 | 1.81 | 1.51 |
| P/B Ratio | 4.44 | 3.12 | 2.27 | 2.48 | 2.19 | 1.70 | 2.27 | 2.58 | 2.46 | 2.19 | 1.13 |
| P/FCF | 21.36 | 15.13 | 9.88 | 13.91 | 9.48 | 16.93 | 15.77 | 18.60 | 15.63 | 16.62 | 21.53 |
| P/OCF | 17.10 | 12.11 | 8.63 | 11.90 | 8.76 | 13.74 | 13.11 | 15.04 | 13.34 | 14.66 | 16.99 |
P/E links to full P/E history page with 30-year chart
FCFS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
FirstCash Holdings, Inc's enterprise value stands at 12.8x EBITDA, 30% above its 5-year average of 9.8x. The Financial Services sector median is 11.4x, placing the stock at a 12% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.67 | 1.93 | 2.14 | 2.08 | 2.67 | 2.30 | 2.33 | 2.11 | 1.98 | 1.85 |
| EV / EBITDA | 12.80 | 9.86 | 6.61 | 7.41 | 7.65 | 17.73 | 15.74 | 14.47 | 13.29 | 12.89 | 11.10 |
| EV / EBIT | 22.61 | 17.21 | 14.58 | 17.48 | 14.37 | 22.80 | 21.65 | 16.81 | 16.06 | 17.92 | 17.68 |
| EV / FCF | — | 20.87 | 13.85 | 18.96 | 13.07 | 25.02 | 20.29 | 23.22 | 18.13 | 18.10 | 26.33 |
FCFS Profitability
Margins and return-on-capital ratios measuring operating efficiency
FirstCash Holdings, Inc earns an operating margin of 15.4%, below the Financial Services sector average of 20.3%. Operating margins have expanded from 12.4% to 15.4% over the past 3 years, signaling improving operational efficiency. ROE of 15.3% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 9.2% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.7% | 51.7% | 48.1% | 47.8% | 46.3% | 54.1% | 55.9% | 54.6% | 54.3% | 53.2% | 55.6% |
| Operating Margin | 15.4% | 15.4% | 13.3% | 12.4% | 10.4% | 11.6% | 12.0% | 13.9% | 13.5% | 12.2% | 13.7% |
| Net Profit Margin | 9.0% | 9.0% | 7.6% | 7.0% | 9.3% | 7.4% | 6.5% | 8.8% | 8.6% | 8.1% | 5.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.3% | 15.3% | 12.8% | 11.3% | 13.7% | 8.1% | 8.1% | 12.3% | 11.0% | 9.8% | 6.4% |
| ROA | 6.8% | 6.8% | 5.9% | 5.4% | 6.5% | 4.0% | 4.4% | 7.2% | 7.3% | 6.8% | 4.1% |
| ROIC | 9.2% | 9.2% | 8.4% | 7.8% | 6.1% | 5.3% | 6.6% | 9.3% | 9.5% | 8.6% | 8.6% |
| ROCE | 12.5% | 12.5% | 11.1% | 10.3% | 8.0% | 7.0% | 8.9% | 12.3% | 12.3% | 11.0% | 11.0% |
FCFS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
FirstCash Holdings, Inc carries a Debt/EBITDA ratio of 2.8x, which is moderately leveraged (33% below the sector average of 4.3x). Net debt stands at $2.7B ($2.8B total debt minus $125M cash). Interest coverage of 4.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.24 | 1.24 | 1.00 | 0.96 | 0.89 | 0.88 | 0.70 | 0.68 | 0.45 | 0.27 | 0.31 |
| Debt / EBITDA | 2.84 | 2.84 | 2.07 | 2.11 | 2.25 | 6.20 | 3.78 | 3.03 | 2.08 | 1.47 | 2.52 |
| Net Debt / Equity | — | 1.18 | 0.91 | 0.90 | 0.83 | 0.81 | 0.65 | 0.64 | 0.39 | 0.20 | 0.25 |
| Net Debt / EBITDA | 2.71 | 2.71 | 1.90 | 1.97 | 2.10 | 5.73 | 3.50 | 2.88 | 1.83 | 1.05 | 2.02 |
| Debt / FCF | — | 5.74 | 3.97 | 5.05 | 3.58 | 8.09 | 4.51 | 4.62 | 2.50 | 1.48 | 4.80 |
| Interest Coverage | 4.69 | 4.69 | 4.26 | 4.14 | 5.58 | 6.14 | 5.90 | 7.60 | 8.04 | 8.17 | 5.60 |
FCFS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
FirstCash Holdings, Inc's current ratio of 4.55x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 3.89x to 4.55x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.55 | 4.55 | 4.14 | 3.89 | 3.83 | 2.88 | 3.03 | 3.65 | 5.94 | 6.99 | 6.21 |
| Quick Ratio | 4.55 | 4.55 | 4.14 | 3.89 | 3.83 | 2.88 | 3.03 | 3.65 | 5.94 | 6.99 | 6.21 |
| Cash Ratio | 0.31 | 0.31 | 0.52 | 0.38 | 0.40 | 0.31 | 0.32 | 0.23 | 0.54 | 0.95 | 0.63 |
| Asset Turnover | — | 0.69 | 0.76 | 0.73 | 0.70 | 0.44 | 0.69 | 0.76 | 0.84 | 0.86 | 0.51 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
FCFS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
FirstCash Holdings, Inc returns 1.9% to shareholders annually — split between a 0.7% dividend yield and 1.2% buyback yield. The payout ratio of 21.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 21.5% | 21.5% | 25.4% | 28.2% | 23.5% | 38.1% | 42.0% | 26.7% | 26.7% | 25.6% | 32.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 4.7% | 5.5% | 4.4% | 6.2% | 4.1% | 3.7% | 4.7% | 4.7% | 4.4% | 3.7% |
| FCF Yield | 4.7% | 6.6% | 10.1% | 7.2% | 10.5% | 5.9% | 6.3% | 5.4% | 6.4% | 6.0% | 4.6% |
| Buyback Yield | 1.2% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.9% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $45M | $45M | $46M | $47M | $41M | $42M | $43M | $45M | $48M | $35M |
Peer Comparison
Compare FCFS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FCFSYou | $10B | 30.6 | 12.8 | 21.4 | 51.7% | 15.4% | 15.3% | 9.2% | 2.8 |
 EZPW | $2B | 22.3 | 11.9 | 16.9 | 58.5% | 11.7% | 12.0% | 7.1% | 4.2 |
 WRLD | $897M | 10.9 | 8.4 | 3.6 | 70.0% | 28.1% | 20.8% | 12.1% | 3.1 |
 RM | $350M | 8.4 | 21.6 | 1.1 | 52.3% | 12.4% | 12.2% | 3.0% | 18.8 |
 ENVA | $5B | 17.5 | 12.2 | 2.9 | 50.1% | 23.5% | 24.3% | 10.4% | 5.8 |
 V | $628B | 32.1 | 25.1 | 29.1 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
 MA | $434B | 29.6 | 21.5 | 25.6 | 83.4% | 59.2% | 209.9% | 56.5% | 0.9 |
 WU | $2B | 4.7 | 1.1 | 5.7 | 28.7% | 19.4% | 51.9% | 23.3% | — |
 EVTC | $2B | 11.7 | 7.8 | 11.7 | 49.7% | 20.0% | 23.0% | 10.2% | 3.7 |
 SLM | $5B | 6.7 | 6.2 | 7.9 | 53.1% | 31.9% | 32.3% | 8.8% | 5.9 |
 OMF | $7B | 8.9 | 22.2 | 2.2 | 47.6% | 16.0% | 23.8% | 3.0% | 17.6 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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FCFS — Frequently Asked Questions
Quick answers to the most common questions about buying FCFS stock.
What is FirstCash Holdings, Inc's P/E ratio?
FirstCash Holdings, Inc's current P/E ratio is 30.6x. The historical average is 26.7x. This places it at the 76th percentile of its historical range.
What is FirstCash Holdings, Inc's EV/EBITDA?
FirstCash Holdings, Inc's current EV/EBITDA is 12.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.8x.
What is FirstCash Holdings, Inc's ROE?
FirstCash Holdings, Inc's return on equity (ROE) is 15.3%. The historical average is 13.3%.
Is FCFS stock overvalued?
Based on historical data, FirstCash Holdings, Inc is trading at a P/E of 30.6x. This is at the 76th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is FirstCash Holdings, Inc's dividend yield?
FirstCash Holdings, Inc's current dividend yield is 0.70% with a payout ratio of 21.5%.
What are FirstCash Holdings, Inc's profit margins?
FirstCash Holdings, Inc has 51.7% gross margin and 15.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does FirstCash Holdings, Inc have?
FirstCash Holdings, Inc's Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.