# FirstCash Holdings, Inc. Common Stock (FCFS) — Stock CV

FirstCash Holdings, Inc. is a $9.27B consumer company. Revenue grew 21.6% over the last year, it keeps 9¢ of every dollar of sales as profit, and its net debt equals ~0.6 years of free cash flow. It trades at 23.9× earnings — in the most expensive third of its own history.

> FirstCash Holdings Inc is an operator of pawn stores in the U.S., Latin America and the U.K. The company's primary line of business is the operation of retail pawn stores, also known as pawnshops.

## Identity

- **Ticker**: FCFS
- **Sector**: Consumer Cyclical
- **Industry**: Retail-Miscellaneous Retail
- **Headquarters**: FORT WORTH, TX
- **Employees**: 22 000
- **Website**: https://www.firstcash.com
- **Market cap**: $9.27B
- **Last price**: $213.70
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $4.12B
- **Net income**: $388M
- **Free cash flow**: $673M
- **Net debt**: $434M
- **P/E**: 23.9
- **Revenue growth (YoY)**: 21.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 65 |
| Growth | 100 |
| Profitability | 65 |
| Health | 55 |
| Quality | 97 |
| Moat | 69 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +21.6% YoY
- [x] Profitable — $388M TTM
- [x] Profit growing — +11.4% YoY
- [x] Generates cash — $673M TTM
- [x] Debt under control — ~0.6y of cash flow to repay
- [x] Established company — $9.27B market cap
- [x] Not printing shares — +6.9% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 35/100
- [x] Pays a dividend — yield 0.80%
- [x] Valuation not extreme — P/E 23.9

## Experience (career milestones)

- **FY2025** — Best year on record: $330M net income
- **2021** — FirstCash entered the "buy now, pay later" payments industry with the acquisition of American First Finance
- **FY2017** — Became debt-free: cash now exceeds total debt
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $1.09B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2016** — Cash America International and First Cash Financial Services completed a "merger of equals",…
- **2010** — Cash America acquired Maxit Financial for $70 million in cash and stock
- **1998** — The company would continue to grow by purchasing smaller pawn shop chains
- **1998** — First Cash purchased California-based Miraglia Inc, a provider of check-cashing software and owner of 11…

## Strengths

- High gross margin (50.5%)
- Revenue growing 21.6% year over year
- Strong cash conversion — FCF is 16.3% of revenue
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $1.70B | $125M | $181M |
| FY2022 | $2.73B | $253M | $434M |
| FY2023 | $3.15B | $219M | $356M |
| FY2024 | $3.39B | $259M | $472M |
| FY2025 | $3.66B | $330M | $531M |

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Source: https://stockcv.com/FCFS — derived from company filings; may be delayed or incomplete. Information, not investment advice.