Firstcash Holdings Inc
NASDAQ:FCFS
Firstcash Holdings Inc
Income from Continuing Operations
Firstcash Holdings Inc
Income from Continuing Operations Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Income from Continuing Operations | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
Firstcash Holdings Inc
NASDAQ:FCFS
|
Income from Continuing Operations
$244.9m
|
CAGR 3-Years
24%
|
CAGR 5-Years
9%
|
CAGR 10-Years
11%
|
||
Synchrony Financial
NYSE:SYF
|
Income from Continuing Operations
$3.2B
|
CAGR 3-Years
-9%
|
CAGR 5-Years
-4%
|
CAGR 10-Years
5%
|
||
Discover Financial Services
NYSE:DFS
|
Income from Continuing Operations
$3.9B
|
CAGR 3-Years
-9%
|
CAGR 5-Years
6%
|
CAGR 10-Years
5%
|
||
American Express Co
NYSE:AXP
|
Income from Continuing Operations
$9.9B
|
CAGR 3-Years
8%
|
CAGR 5-Years
8%
|
CAGR 10-Years
6%
|
||
Capital One Financial Corp
NYSE:COF
|
Income from Continuing Operations
$4.4B
|
CAGR 3-Years
-30%
|
CAGR 5-Years
-5%
|
CAGR 10-Years
0%
|
||
SoFi Technologies Inc
NASDAQ:SOFI
|
Income from Continuing Operations
-$300.7m
|
CAGR 3-Years
-10%
|
CAGR 5-Years
-4%
|
CAGR 10-Years
N/A
|
Firstcash Holdings Inc
Glance View
FirstCash Holdings Inc. emerged as a formidable player in the financial services sector by specializing in pawn loans and related retail operations. Their journey began with a simple yet effective business model: extending short-term collateral-based loans, primarily to consumers underserved by traditional banking institutions. The essence of pawn transactions is straightforward: customers bring in personal items such as jewelry, electronics, or tools to secure a loan based on the perceived value of those items. Unlike typical lenders, FirstCash doesn't scrutinize credit scores; instead, they focus on the asset's worth. If the borrower repays the loan, their item is returned; if not, FirstCash can resell the item through their extensive retail network, ensuring that they maintain liquidity and revenue streams. This dual approach—lending and retail—creates a unique dynamic for FirstCash. Their stores, scattered across diverse markets in the United States and Latin America, serve as neighborhood hubs where financial needs meet consumer goods demand. When an item remains unsold, it's not just held as dormant inventory; it's positioned for resale at a competitive price, often attracting bargain hunters. This model not only diversifies their revenue channels but also offers a hedge against economic shifts. By operating in markets where access to traditional credit is often limited, FirstCash capitalizes on the growing need for flexible, accessible financial solutions. Their ability to adapt to regulatory changes and economic landscapes underscores a resilient, profit-driven approach that keeps them at the forefront of their industry.
See Also
What is Firstcash Holdings Inc's Income from Continuing Operations?
Income from Continuing Operations
244.9m
USD
Based on the financial report for Sep 30, 2024, Firstcash Holdings Inc's Income from Continuing Operations amounts to 244.9m USD.
What is Firstcash Holdings Inc's Income from Continuing Operations growth rate?
Income from Continuing Operations CAGR 10Y
11%
Over the last year, the Income from Continuing Operations growth was 7%. The average annual Income from Continuing Operations growth rates for Firstcash Holdings Inc have been 24% over the past three years , 9% over the past five years , and 11% over the past ten years .