FirstCash Holdings, Inc (FCFS) Key Metrics
FCFS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $9.34B
- Enterprise value
- $11.92B
- P/E (TTM)
- 24.5 10-yr median 22.0
- Forward P/E
- 17.2
- PEG ratio
- 1.17
- Price / sales
- 2.3 10-yr median 1.8
- Price / book
- 4.1 10-yr median 2.3
- EV / EBITDA
- 11.0 10-yr median 13.9
- Dividend yield
- 0.78% $1.68 a year
- Beta
- 0.55
FCFS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFCFS valuation Price multiples at each fiscal year-end price.
FCFS returns How much profit the business earns on the capital it uses.
FCFS per-share figures Results divided by the shares outstanding at year-end.
FCFS financial health Debt, liquidity and how easily interest is covered.
FCFS efficiency & capital use Working capital cycle and where the cash goes.
FCFS valuation history
FCFS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FCFS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FCFS cash returned to shareholders
FCFS price vs earnings per share
FCFS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $7.10B | $4.66B | $4.95B | $4.11B | $3.07B | $2.91B | $3.48B | $3.25B | $3.23B | $1.65B |
| Enterprise value | $9.79B | $6.53B | $6.75B | $5.67B | $4.54B | $3.75B | $4.35B | $3.86B | $3.60B | $2.01B |
| P/E ratio | 21.5 | 18.0 | 22.6 | 16.2 | 24.6 | 27.3 | 21.2 | 21.2 | 22.4 | 27.4 |
| Price / sales | 1.9 | 1.4 | 1.6 | 1.5 | 1.8 | 1.8 | 1.9 | 1.8 | 1.8 | 1.5 |
| Price / book | 3.1 | 2.3 | 2.5 | 2.2 | 1.7 | 2.3 | 2.6 | 2.5 | 2.2 | 1.1 |
| Price / free cash flow | 13.4 | 9.9 | 13.9 | 9.5 | 16.9 | 15.8 | 18.6 | 15.6 | 16.6 | 21.5 |
| Price / operating cash flow | 12.1 | 8.6 | 11.9 | 8.8 | 13.7 | 13.1 | 15.0 | 13.3 | 14.7 | 17.0 |
| EV / sales | 2.7 | 1.9 | 2.1 | 2.1 | 2.7 | 2.3 | 2.3 | 2.2 | 2.0 | 1.8 |
| EV / EBITDA | 9.8 | 6.6 | 7.4 | 6.7 | 17.6 | 17.4 | 14.5 | 13.9 | 14.3 | 13.8 |
| EV / free cash flow | 18.4 | 13.9 | 19.0 | 13.1 | 25.0 | 20.3 | 23.2 | 18.6 | 18.5 | 26.3 |
| Earnings yield | 4.7% | 5.6% | 4.4% | 6.2% | 4.1% | 3.7% | 4.7% | 4.7% | 4.5% | 3.7% |
| Free cash flow yield | 7.5% | 10.1% | 7.2% | 10.5% | 5.9% | 6.3% | 5.4% | 6.4% | 6.0% | 4.6% |
| Dividend yield | 1.0% | 1.4% | 1.2% | 1.4% | 1.5% | 1.5% | 1.3% | 1.3% | 1.1% | 1.2% |
| Shareholder yield (dividends + buybacks) | 2.6% | 3.2% | 3.6% | 5.3% | 3.2% | 5.2% | 4.6% | 9.7% | 4.0% | 1.2% |
| Share price at fiscal year-end | $159.38 | $103.60 | $108.39 | $86.91 | $74.81 | $70.04 | $80.63 | $72.35 | $67.45 | $47.00 |
| Per share | ||||||||||
| Revenue per share | $82.22 | $75.35 | $68.98 | $57.66 | $41.41 | $39.21 | $43.15 | $39.68 | $37.17 | $31.09 |
| Earnings per share | $7.42 | $5.76 | $4.80 | $5.36 | $3.04 | $2.56 | $3.81 | $3.41 | $3.00 | $1.72 |
| Operating cash flow per share | $13.16 | $12.01 | $9.11 | $9.92 | $5.44 | $5.34 | $5.36 | $5.42 | $4.60 | $2.77 |
| Free cash flow per share | $11.93 | $10.49 | $7.79 | $9.16 | $4.42 | $4.44 | $4.33 | $4.63 | $4.06 | $2.18 |
| Cash per share | $2.81 | $3.89 | $2.78 | $2.48 | $2.93 | $1.58 | $1.08 | $1.60 | $2.39 | $2.57 |
| Book value per share | $51.13 | $45.68 | $43.69 | $39.72 | $44.07 | $30.86 | $31.25 | $29.37 | $30.81 | $41.42 |
| Tangible book value per share | $0.50 | $0.85 | −$0.20 | −$0.68 | −$2.83 | $5.36 | $7.30 | $6.96 | $11.49 | $14.69 |
| Dividends per share | $1.59 | $1.46 | $1.35 | $1.26 | $1.16 | $1.08 | $1.02 | $0.91 | $0.77 | $0.57 |
| Capex per share | $1.23 | $1.52 | $1.32 | $0.75 | $1.02 | $0.90 | $1.03 | $0.79 | $0.54 | $0.58 |
| Debt per share | $63.28 | $45.59 | $42.09 | $35.30 | $38.68 | $21.62 | $21.10 | $15.17 | $10.06 | $13.04 |
| Shares outstanding | 44.5M | 45.0M | 45.7M | 47.3M | 41.0M | 41.6M | 43.2M | 44.9M | 47.9M | 35.0M |
| Change in shares outstanding | −1.0% | −1.6% | −3.5% | +15.4% | −1.4% | −3.7% | −3.7% | −6.3% | +36.8% | +23.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 15.3% | 12.8% | 11.3% | 13.7% | 8.1% | 8.1% | 12.3% | 11.0% | 9.8% | 6.4% |
| Return on invested capital (ROIC) | 9.3% | 8.8% | 8.1% | 6.6% | 5.5% | 6.7% | 9.1% | 9.5% | 9.9% | 7.9% |
| Return on assets (ROA) | 6.8% | 5.9% | 5.4% | 6.5% | 4.0% | 4.4% | 7.2% | 7.3% | 6.8% | 4.1% |
| Return on tangible assets | 10.8% | 10.5% | 9.6% | 12.7% | 6.5% | 8.1% | 11.7% | 13.9% | 12.6% | 5.0% |
| Free cash flow margin | 14.5% | 13.9% | 11.3% | 15.9% | 10.7% | 11.3% | 10.0% | 11.7% | 10.9% | 7.0% |
| Income quality (OCF / net income) | 1.77 | 2.09 | 1.90 | 1.85 | 1.79 | 2.09 | 1.41 | 1.59 | 1.53 | 1.61 |
| Financial health | ||||||||||
| Total debt | $2.82B | $2.05B | $1.92B | $1.67B | $1.59B | $899.4M | $911.5M | $680.9M | $481.8M | $456.5M |
| Cash & short-term investments | $125.2M | $175.1M | $127.0M | $117.3M | $120.0M | $65.8M | $46.5M | $71.8M | $114.4M | $90.0M |
| Net debt | $2.69B | $1.87B | $1.80B | $1.55B | $1.47B | $833.6M | $865.0M | $609.1M | $367.4M | $366.6M |
| Debt / equity | 1.24 | 1.00 | 0.96 | 0.89 | 0.88 | 0.70 | 0.68 | 0.52 | 0.33 | 0.31 |
| Debt / assets | 0.53 | 0.46 | 0.45 | 0.43 | 0.41 | 0.38 | 0.37 | 0.32 | 0.23 | 0.21 |
| Net debt / EBITDA | 2.69 | 1.90 | 1.98 | 1.82 | 5.69 | 3.87 | 2.88 | 2.20 | 1.46 | 2.52 |
| Current ratio | 4.55 | 4.14 | 3.89 | 3.83 | 2.88 | 3.03 | 3.65 | 5.94 | 6.99 | 6.21 |
| Quick ratio | 3.36 | 3.15 | 2.96 | 2.85 | 2.21 | 2.10 | 2.34 | 3.87 | 4.69 | 3.91 |
| Interest coverage | 4.6 | 4.3 | 4.2 | 4.0 | 6.1 | 6.7 | 7.6 | 8.2 | 9.1 | 7.3 |
| Working capital | $1.45B | $1.06B | $971.0M | $835.1M | $737.2M | $418.2M | $538.1M | $656.8M | $721.6M | $748.5M |
| Invested capital | $4.97B | $3.93B | $3.79B | $3.43B | $3.27B | $2.12B | $2.22B | $1.93B | $1.84B | $1.82B |
| Tangible asset value | $22.2M | $38.1M | −$9.0M | −$32.0M | −$116.2M | $222.8M | $315.5M | $312.5M | $550.4M | $514.4M |
| Net current asset value | −$1.17B | −$1.02B | −$986.9M | −$894.4M | −$899.0M | −$463.8M | −$348.4M | $22,000 | $254.7M | $196.9M |
| Graham number | $92.39 | $76.91 | $68.69 | $69.18 | $54.95 | $42.18 | $51.75 | $47.49 | $45.64 | $40.01 |
| Graham net-net per share | −$41.14 | −$33.94 | −$33.20 | −$28.52 | −$32.62 | −$15.82 | −$13.81 | −$5.82 | −$0.24 | −$3.01 |
| Capital allocation | ||||||||||
| Dividends paid | $70.9M | $65.8M | $61.9M | $59.6M | $47.5M | $44.8M | $44.0M | $40.9M | $36.8M | $19.8M |
| Share buybacks (net) | $115.8M | $85.0M | $114.4M | $157.9M | $49.6M | $107.0M | $116.1M | $273.7M | $91.7M | $0 |
| Dividend payout ratio | 21.5% | 25.4% | 28.2% | 23.5% | 38.1% | 42.0% | 26.7% | 26.7% | 25.6% | 32.9% |
| Dividends + buybacks / free cash flow | 35.2% | 32.0% | 49.5% | 50.1% | 53.6% | 82.1% | 85.5% | 151.4% | 66.1% | 25.9% |
| Capex / revenue | 1.5% | 2.0% | 1.9% | 1.3% | 2.5% | 2.3% | 2.4% | 2.0% | 1.5% | 1.9% |
| Capex / operating cash flow | 9.4% | 12.6% | 14.5% | 7.6% | 18.8% | 16.9% | 19.1% | 14.7% | 11.8% | 21.1% |
| Capex / depreciation | 0.13 | 0.13 | 0.12 | 0.08 | 0.72 | 0.89 | 1.06 | 0.84 | 0.47 | 0.64 |
| Stock-based compensation / revenue | 0.6% | 0.4% | 0.4% | 0.4% | 0.3% | 0.2% | 0.5% | 0.3% | 0.2% | 0.4% |
| SG&A / revenue | 31.9% | 5.1% | 6.0% | 5.6% | 6.6% | 6.9% | 6.6% | 6.8% | 7.0% | 8.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 91.5 | 75.2 | 70.0 | 76.0 | 101.3 | 86.9 | 82.6 | 87.8 | 89.9 | 97.5 |
| Days of inventory on hand | 84.8 | 67.1 | 66.6 | 68.8 | 106.2 | 115.5 | 116.6 | 123.7 | 133.2 | 160.1 |
| Days payables outstanding | 5.9 | 6.0 | 6.0 | 6.3 | 7.1 | 3.3 | 22.2 | 40.6 | 21.0 | 20.3 |
| Cash conversion cycle (days) | 170.3 | 136.3 | 130.7 | 138.4 | 200.4 | 199.1 | 177.0 | 170.9 | 202.1 | 237.2 |
| Receivables turnover | 3.99 | 4.85 | 5.21 | 4.80 | 3.60 | 4.20 | 4.42 | 4.16 | 4.06 | 3.74 |
| Payables turnover | 61.38 | 61.04 | 61.00 | 58.00 | 51.53 | 110.30 | 16.46 | 8.98 | 17.34 | 17.94 |
| Inventory turnover | 4.31 | 5.44 | 5.48 | 5.31 | 3.44 | 3.16 | 3.13 | 2.95 | 2.74 | 2.28 |
| Asset turnover | 0.75 | 0.77 | 0.77 | 0.71 | 0.55 | 0.68 | 0.82 | 0.85 | 0.85 | 0.75 |
| Average receivables | $918.2M | $698.2M | $604.8M | $568.1M | $471.7M | $388.4M | $421.7M | $428.2M | $438.5M | $290.7M |
| Average payables | $28.8M | $28.8M | $27.0M | $25.2M | $15.1M | $6.5M | $51.4M | $90.6M | $48.0M | $27.0M |
| Average inventory | $410.9M | $323.3M | $300.2M | $275.8M | $226.8M | $227.8M | $270.2M | $276.0M | $303.7M | $212.1M |
| Intangibles / total assets | 42.5% | 45.0% | 46.7% | 49.0% | 50.2% | 44.7% | 42.4% | 47.7% | 44.8% | 43.6% |
Computed from FCFS's annual financial statements (latest annual report filed February 9, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FCFS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), FirstCash traded at 21.5 times earnings, against a 10-year median of 22.0. Based on the latest twelve months, the trailing P/E is 24.5 and the forward P/E is 17.2. FirstCash earned a return on equity of 15.3% and a return on invested capital of 9.3% in fiscal 2025. It ended the year with $2.8 billion of debt and $125.2 million in cash and short-term investments, net debt of $2.7 billion. It returned $186.7 million to shareholders: $70.9 million in dividends and $115.8 million in share buybacks, 35% of free cash flow. The share count rose 27.2% from 35.0M to 44.5M over 9 years.
See the FCFS income statement, the FCFS chart for price history, or the FCFS stock overview for the latest quote and news.
FCFS key metrics FAQ
What is FirstCash's P/E ratio?
FirstCash's trailing P/E ratio is 24.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.2. At the end of fiscal 2025 it was 21.5, compared with a 10-year median of 22.0.
What is FirstCash's EV/EBITDA?
FirstCash's enterprise value was 9.8 times EBITDA at the end of fiscal 2025 (enterprise value $9.8 billion, EBITDA $999.8 million); the current EV/EBITDA is 11.0.
What is FirstCash's return on equity?
FirstCash's return on equity (ROE) was 15.3% in fiscal 2025: net income of $330.4 million on average shareholders' equity of $2.2 billion.
What is FirstCash's ROIC?
FirstCash's return on invested capital was 9.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does FirstCash have?
FirstCash had total debt of $2.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.24 and $2.7 billion of net debt (2.69 times EBITDA).
What is FirstCash's dividend yield?
FirstCash's forward dividend yield is 0.78%. FirstCash paid $70.9 million in dividends in fiscal 2025 ($1.59 per share), a payout ratio of 21.5%.
Does FirstCash buy back its shares?
Yes. FirstCash spent $115.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.0% over the year, to 44.5M..
What is FirstCash's free cash flow yield?
FirstCash generated $531.0 million of free cash flow in fiscal 2025, a free cash flow yield of 7.5% on its market value at year-end ($7.1 billion).
What is FirstCash's current ratio?
FirstCash's current ratio was 4.55 at the end of fiscal 2025: current assets were 4.55 times current liabilities.