FirstCash Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data FirstCash Holdings, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,088	1,780	1,781	1,864	1,631	1,699	2,729	3,152	3,389	3,661
Cost of revenue	484	832	814	846	720	780	1,464	1,645	1,759	1,820
Gross profit	605	948	967	1,018	911	919	1,265	1,507	1,630	1,841
General and administrative	96.5	122	120	122	111	111	148	182	178	233
Operating expenses	511	775	761	794	767	753	941	1,214	1,287	1,393
Interest expense	20.3	24	29.2	34	29.3	32.4	70.7	93.2
Interest income	0.75	1.6	2.44	1.06	1.54	0.7	1.31	1.47	1.94	2.94
Other non-operating income					-10.5	-0.95	2.73	6.74	5.3	15.9
Pre-tax income	93.4	172	205	225	144	167	324	293	343	448
Income tax	33.3	28.4	52.1	60	37.1	41.6	70.1	73.5	84	117
Net income	60.1	144	153	165	107	125	253	219	259	330
EPS, basic	1.72	3.01	3.42	3.83	2.57	3.05	5.37	4.82	5.76	7.46
EPS, diluted	1.72	3.00	3.41	3.81	2.56	3.04	5.36	4.80	5.73	7.42
Shares, basic (weighted)	35	47.9	44.8	43	41.5	41	47.2	45.5	45	44.3
Shares, diluted (weighted)	35	47.9	44.9	43.2	41.6	41	47.3	45.7	45.2	44.5
Dividend per share	0.57	0.77	0.91	1.02	1.08	1.17	1.26	1.36	1.46	1.60

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	90	114	71.8	46.5	65.9	120	117	127	175	125
Inventory	331	277	275	265	190	263	288	312	335	487
Other current assets										32.1
Total current assets	892	842	790	741	625	1,129	1,131	1,307	1,404	1,856
Property, plant and equipment	236	230	252	336	374	463	539	633	718	808
Lease right-of-use assets			0	305	299	306	307	328	325	366
Goodwill	831	831	917	949	977	1,536	1,581	1,728	1,787	2,023
Intangible assets	104	93.8	88.1	85.9	83.7	388	330	278	229	231
Other non-current assets	71.7	54	49.2	11.5	9.82	8.53	9.42	10.2	9.93	9.8
Total assets	2,145	2,063	2,108	2,439	2,372	3,836	3,905	4,290	4,477	5,301
Accounts payable	11.7	4.79	6.89	5.87	7.19	23.1	27.4	26.5	31.1	26.5
Deferred revenue	7.78	7.56	4.5	39.7	34.7	57.3	63.1	70.6	72.7	83.9
Total current liabilities	144	121	133	203	206	392	296	336	339	408
Long-term debt		402	591	632	616	1,293	1,375	1,606	1,729	2,208
Lease liabilities			0	194	195	203	203	215	225	249
Other non-current liabilities	33.8	17.6	11.1	0	0	14	0
Total liabilities	695	587	790	1,089	1,088	2,028	2,025	2,293	2,423	3,024
Total debt	460	402	591	632	616	1,293	1,375	1,606	1,729	2,208
Paid-in capital	1,218	1,220	1,225	1,232	1,222	1,725	1,735	1,741	1,768	1,771
Retained earnings	387	494	607	727	789	867	1,061	1,218	1,411	1,671
Treasury stock	-36.1	-128	-401	-512	-609	-653	-809	-920	-995	-1,101
Other comprehensive income	-120	-112	-113	-97	-118	-131	-107	-43	-130	-64.8
Shareholders' equity	1,450	1,475	1,318	1,350	1,284	1,808	1,880	1,996	2,054	2,277
Total equity	1,450	1,475	1,318	1,350	1,284	1,808	1,880	1,996	2,054	2,277
Total liabilities and equity	2,145	2,063	2,108	2,439	2,372	3,836	3,905	4,290	4,477	5,301
Shares outstanding	48.5	46.9	43.6	42.3	41	48.5	46.3	45.1	44.8	44

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	60.1	144	153	165	107	125	253	219	259	330
Stock-based compensation	4.17	3.07	5.79	8.68	2.91	5.15	10.9	13.7	14.8	20.3
Deferred income tax	12	-11.9	7.62	8.91	10.1	10.3	28.2	-13.5	-7.38	19.4
Change in receivables				0.11	5.47	-2.49	-1.22	-8.66	-3.41	-5.55
Change in payables	-16.3	-35.1	3.08	-3.38	8.62	26.2	20	22.4	17.9	5.37
Cash from operations	96.9	220	243	232	222	223	469	416	540	586
Capital expenditures	-20.5	-26	-35.7	-44.3	-37.5	-42	-35.6	-60.1	-68.2	-54.9
Acquisitions	-8.25	0	0	0	0	-462	-25	0	0
Cash from investing	-26	1.4	-159	-137	-20.4	-745	-336	-462	-442	-828
Stock issued	0	0.31	0.4	0.4	1.14	0.38	0	0
Share buybacks	0	-91.7	-274	-116	-107	-49.6	-158	-114	-85	-116
Dividends paid	-19.8	-36.8	-40.9	-44	-44.8	-47.5	-59.6	-61.9	-65.8	-70.9
Cash from financing	-58.7	-198	-127	-121	-187	577	-139	51.3	-38.2	176
Exchange rate effect	-9.17	0.22	0.25	1	3.91	-1.46	3.7	4.57	-12.1	15.8
Net change in cash	3	24.5	-42.6	-25.3	19.3	54.2	-2.72	9.69	48.1	-49.9
Free cash flow	76.4	194	208	187	185	181	434	356	472	531
Interest paid	18.7	24.3	27.1	32.7	21	29.5	52.9	90.3	91.2	134
Income taxes paid	21.5	29.8	29.6	48.9	34.2	24.6	30.1	102	85.4	72.7

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $217.45 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	50.5%	Gross profit / revenue.
Pre-tax margin	12.8%	Pre-tax income / revenue.
Net margin	9.4%	Net income / revenue.
Operating cash flow margin	16.3%	Cash from operations / revenue.
Effective tax rate	26.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	16.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	7.1%	Net income / average total assets.
Stock-based pay / revenue	0.5%	Stock-based compensation (from the cash flow statement) / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	8.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	10.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	17.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	13.0%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	13.3%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	15.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	27.6%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	9.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	25.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	29.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	11.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	23.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	8.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	7.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	21.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	12.6%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	7.0%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	23.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	9.6%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	8.3%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	8.2%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	10.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	6.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	12.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	18.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	10.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	17.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-2.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	4.89x	Current assets / current liabilities.
Quick ratio	0.42x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.42x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.01x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	42.8%	Total debt / total assets.
Liabilities / assets	57.7%	Total liabilities / total assets.
Net debt	$2.17B	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	$1.61B	Current assets - current liabilities.
Goodwill and intangibles / assets	40.7%	(Goodwill + intangible assets) / total assets.
Tangible book value	$91.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.75x	Revenue / average total assets.
Fixed asset turnover	4.82x	Revenue / average property, plant and equipment.
Inventory turnover	3.58x	Cost of revenue / average inventory.
Days inventory	102 days	365 x average inventory / cost of revenue.
Days payables	37 days	365 x average accounts payable / cost of revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$8.81	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$93.57	Revenue / diluted weighted shares.
Operating cash flow per share	$15.28	Cash from operations / diluted weighted shares.
Book value per share	$52.72	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$2.07	Tangible book value / shares outstanding.
Cash per share	$3.91	(Cash + short-term investments) / shares outstanding.
Payout ratio	19.0%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$9.43B	Share price x shares outstanding.
Enterprise value	$11.60B	Market cap + total debt - cash - short-term investments.
P/E	24.3x	Market cap / net income. Only when net income is positive.
P/S	2.29x	Market cap / revenue.
P/B	4.06x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	104x	Market cap / tangible book value, when positive.
P/OCF	14.0x	Market cap / cash from operations, when positive.
EV/Sales	2.82x	Enterprise value / revenue.
Earnings yield	4.1%	Net income / market cap (the inverse of P/E).
Dividend yield	0.8%	Dividends paid over the period / market cap.
Shareholder yield	2.6%	(Dividends paid + share buybacks) / market cap.
PEG	2.12x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was FirstCash Holdings, Inc.'s revenue in fiscal 2025?

FirstCash Holdings, Inc. reported revenue of $3.66B for fiscal 2025, 8% higher than the year before.

Was FirstCash Holdings, Inc. profitable in fiscal 2025?

Yes. Net income was $330.4M, a net margin of 9%.

How much free cash flow did FirstCash Holdings, Inc. generate in fiscal 2025?

Cash from operations of $585.9M minus capital expenditures of $54.9M left free cash flow of $531.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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