FirstCash Holdings, Inc (FCFS) Stock

FirstCash Holdings, Inc (FCFS) is a Consumer Discretionary stock trading at $205.91 (as of 2026-08-20), with a market capitalization of $8.93B and a trailing P/E of 22.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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Understand FirstCash Holdings, Inc: how it makes money

FirstCash Holdings operates pawn stores that lend money against pledged personal property, then retails merchandise from collateral forfeitures and over-the-counter purchases, and it also earns fee revenue from retail point-of-sale payment solutions.

Profit is driven by recurring pawn loan economics, pawn-related fees and merchandise outcomes from forfeited collateral, plus fee revenue that scales with retail point-of-sale payment transaction volume.

Revenue by segment (latest quarter)
POS Payments	$0.3B
Latin America Pawn	$0.2B
US Pawn	$0.5B

Business quality (Solid): Useful operating drivers are present (payment transaction volume, pawn loan fees), but segment revenue inputs include both revenue and net revenue labels, so investors should confirm exact management definitions when comparing across segments.

Valuation: At 27× earnings, FCFS trades 43% above the Retail average (19×). Note: one-time items can distort reported P/E.

Bull case

POS payments scale with merchant activity: The business has an active network of merchant partner locations (about 16,400 to 16,600 locations, including point-of-sale), and gross transaction volume for retail point-of-sale payments is listed at 1.08B (USD_B).
Pawn fee engine is measurable: Pawn loan fees are shown as an operating metric (0.19B, USD_B), alongside retail merchandise sales (0.37B, USD_B) and pawn receivables in multiple geographies.

Bear case

Pawn outcomes depend on collateral and customer repayment: Because loans are made on pledged personal property and merchandise is obtained from collateral forfeitures, adverse changes in pawn performance or collateral outcomes can pressure results.
Commodity-market exposure: The company melts scrap jewelry and sells gold, silver, and diamonds in commodity markets, which introduces risk from commodity price swings.

Valuation — source: SEC EDGAR (first-party)
Price	$205.91
Market Cap	$8.93B
P/E Ratio	22.8
EV / EBITDA	21.0
Price / Book	3.85
Price / Sales	2.17
DCF Value (model)	$33.04
DCF Upside vs Price	-84.0%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$3.66B
Net Margin	9.0%
Revenue Growth (YoY)	8.0%
EPS Growth (YoY)	29.5%
FCF Growth (YoY)	12.6%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.54 (safe)
Piotroski F-Score	6/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	22.8
Sector P/E (Consumer Discretionary)	20.5
Industry P/E (Retail)	19.5
vs Sector	11.3%
vs Industry	16.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($891.18M)
Institutional Holders Tracked	10
Congressional Trades (recent)	7

Company
Sector	Consumer Discretionary
Industry	Retail
CEO	Rick L. Wessel
Employees	20,000
Country	US
IPO Date	1991-06-10

Related Companies (Business model: Brick-and-Mortar Retail (incl. Omnichannel); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.