FirstCash Inc (FCFS) - Net Assets
Based on the latest financial reports, FirstCash Inc (FCFS) has net assets worth $2.20 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.18 Billion) and total liabilities ($2.98 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check FCFS asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.20 Billion |
| % of Total Assets | 42.45% |
| Annual Growth Rate | 23.92% |
| 5-Year Change | 60.0% |
| 10-Year Change | 376.18% |
| Growth Volatility | 63.73 |
FirstCash Inc - Net Assets Trend (1990–2024)
This chart illustrates how FirstCash Inc's net assets have evolved over time, based on quarterly financial data. Also explore FCFS total asset value for the complete picture of this company's asset base.
Annual Net Assets for FirstCash Inc (1990–2024)
The table below shows the annual net assets of FirstCash Inc from 1990 to 2024. For live valuation and market cap data, see FirstCash Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.05 Billion | +2.89% |
| 2023-12-31 | $2.00 Billion | +6.21% |
| 2022-12-31 | $1.88 Billion | +3.96% |
| 2021-12-31 | $1.81 Billion | +40.84% |
| 2020-12-31 | $1.28 Billion | -4.91% |
| 2019-12-31 | $1.35 Billion | +2.42% |
| 2018-12-31 | $1.32 Billion | -10.66% |
| 2017-12-31 | $1.48 Billion | +1.75% |
| 2016-12-31 | $1.45 Billion | +236.13% |
| 2015-12-31 | $431.38 Million | -3.83% |
| 2014-12-31 | $448.55 Million | +8.25% |
| 2013-12-31 | $414.36 Million | +17.58% |
| 2012-12-31 | $352.42 Million | +11.75% |
| 2011-12-31 | $315.37 Million | +5.83% |
| 2010-12-31 | $298.00 Million | +40.28% |
| 2009-12-31 | $212.44 Million | +37.55% |
| 2008-12-31 | $154.45 Million | -23.24% |
| 2007-12-31 | $201.21 Million | +6.69% |
| 2006-12-31 | $188.60 Million | +15.91% |
| 2005-12-31 | $162.71 Million | +12.96% |
| 2004-12-31 | $144.05 Million | +22.88% |
| 2003-12-31 | $117.22 Million | +35.49% |
| 2002-12-31 | $86.52 Million | +16.76% |
| 2001-12-31 | $74.10 Million | +12.87% |
| 2000-12-31 | $65.65 Million | -5.01% |
| 1999-12-31 | $69.11 Million | +13.86% |
| 1998-12-31 | $60.70 Million | +130.80% |
| 1997-12-31 | $26.30 Million | +27.67% |
| 1996-12-31 | $20.60 Million | +8.99% |
| 1995-12-31 | $18.90 Million | +5.00% |
| 1994-12-31 | $18.00 Million | -8.63% |
| 1993-12-31 | $19.70 Million | +155.84% |
| 1992-12-31 | $7.70 Million | +54.00% |
| 1991-12-31 | $5.00 Million | +257.14% |
| 1990-12-31 | $1.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FirstCash Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 141118300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.41 Billion | 68.69% |
| Common Stock | $575.00K | 0.03% |
| Other Comprehensive Income | $-129.60 Million | -6.31% |
| Other Components | $772.10 Million | 37.59% |
| Total Equity | $2.05 Billion | 100.00% |
FirstCash Inc Competitors by Market Cap
The table below lists competitors of FirstCash Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Simpson Manufacturing Company Inc
NYSE:SSD
|
$7.36 Billion |
|
Valley National Bancorp
NASDAQ:VLY
|
$7.36 Billion |
|
Aurubis AG
XETRA:NDA
|
$7.37 Billion |
|
Copenhagen Airports AS
CO:KBHL
|
$7.37 Billion |
|
PSP Swiss Property AG
SW:PSPN
|
$7.35 Billion |
|
Timken Company
NYSE:TKR
|
$7.35 Billion |
|
The Mosaic Company
NYSE:MOS
|
$7.35 Billion |
|
Stonex Group Inc
NASDAQ:SNEX
|
$7.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FirstCash Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,996,418,000 to 2,054,164,000, a change of 57,746,000 (2.9%).
- Net income of 258,815,000 contributed positively to equity growth.
- Dividend payments of 65,761,000 reduced retained earnings.
- Share repurchases of 85,000,000 reduced equity.
- Other comprehensive income decreased equity by 86,559,000.
- Other factors increased equity by 36,251,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $258.81 Million | +12.6% |
| Dividends Paid | $65.76 Million | -3.2% |
| Share Repurchases | $85.00 Million | -4.14% |
| Other Comprehensive Income | $-86.56 Million | -4.21% |
| Other Changes | $36.25 Million | +1.76% |
| Total Change | $- | 2.89% |
Book Value vs Market Value Analysis
This analysis compares FirstCash Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 753.67x to 4.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-12-31 | $0.29 | $219.93 | x |
| 1991-12-31 | $1.04 | $219.93 | x |
| 1992-12-31 | $1.43 | $219.93 | x |
| 1993-12-31 | $1.97 | $219.93 | x |
| 1994-12-31 | $1.62 | $219.93 | x |
| 1995-12-31 | $1.72 | $219.93 | x |
| 1996-12-31 | $1.81 | $219.93 | x |
| 1997-12-31 | $1.75 | $219.93 | x |
| 1998-12-31 | $3.14 | $219.93 | x |
| 1999-12-31 | $2.49 | $219.93 | x |
| 2000-12-31 | $2.43 | $219.93 | x |
| 2001-12-31 | $2.67 | $219.93 | x |
| 2002-12-31 | $3.01 | $219.93 | x |
| 2003-12-31 | $3.72 | $219.93 | x |
| 2004-12-31 | $4.24 | $219.93 | x |
| 2005-12-31 | $4.87 | $219.93 | x |
| 2006-12-31 | $5.76 | $219.93 | x |
| 2007-12-31 | $6.13 | $219.93 | x |
| 2008-12-31 | $5.11 | $219.93 | x |
| 2009-12-31 | $7.04 | $219.93 | x |
| 2010-12-31 | $9.60 | $219.93 | x |
| 2011-12-31 | $10.01 | $219.93 | x |
| 2012-12-31 | $11.86 | $219.93 | x |
| 2013-12-31 | $14.01 | $219.93 | x |
| 2014-12-31 | $15.43 | $219.93 | x |
| 2015-12-31 | $15.23 | $219.93 | x |
| 2016-12-31 | $41.42 | $219.93 | x |
| 2017-12-31 | $30.81 | $219.93 | x |
| 2018-12-31 | $29.37 | $219.93 | x |
| 2019-12-31 | $31.25 | $219.93 | x |
| 2020-12-31 | $30.86 | $219.93 | x |
| 2021-12-31 | $44.07 | $219.93 | x |
| 2022-12-31 | $39.72 | $219.93 | x |
| 2023-12-31 | $43.69 | $219.93 | x |
| 2024-12-31 | $45.68 | $219.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FirstCash Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.60%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.64%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 2.18x
- Recent ROE (12.60%) is above the historical average (11.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 7.14% | 7.14% | 0.54x | 1.86x | $-40.00K |
| 1992 | 9.09% | 7.95% | 0.40x | 2.88x | $-70.00K |
| 1993 | 5.08% | 6.33% | 0.59x | 1.37x | $-970.00K |
| 1994 | 6.11% | 5.34% | 0.54x | 2.10x | $-700.00K |
| 1995 | 5.82% | 3.42% | 0.74x | 2.32x | $-790.00K |
| 1996 | 6.80% | 3.68% | 0.73x | 2.52x | $-660.00K |
| 1997 | 8.75% | 4.66% | 0.87x | 2.16x | $-330.00K |
| 1998 | 6.26% | 6.44% | 0.52x | 1.87x | $-2.27 Million |
| 1999 | 9.37% | 6.89% | 0.72x | 1.90x | $-433.50K |
| 2000 | 3.98% | 2.52% | 0.87x | 1.81x | $-3.95 Million |
| 2001 | 10.62% | 7.13% | 0.90x | 1.66x | $459.70K |
| 2002 | 12.64% | 9.21% | 0.91x | 1.51x | $2.29 Million |
| 2003 | 12.77% | 10.29% | 1.04x | 1.19x | $3.25 Million |
| 2004 | 14.37% | 11.52% | 1.12x | 1.12x | $6.30 Million |
| 2005 | 15.60% | 12.65% | 1.08x | 1.14x | $9.11 Million |
| 2006 | 16.83% | 13.36% | 1.02x | 1.24x | $12.88 Million |
| 2007 | 17.54% | 12.59% | 0.96x | 1.45x | $15.17 Million |
| 2008 | -13.94% | -6.72% | 1.21x | 1.72x | $-36.98 Million |
| 2009 | 23.43% | 13.71% | 1.42x | 1.21x | $28.52 Million |
| 2010 | 19.35% | 13.68% | 1.23x | 1.15x | $27.86 Million |
| 2011 | 24.66% | 15.13% | 1.44x | 1.13x | $46.24 Million |
| 2012 | 22.80% | 13.57% | 1.17x | 1.44x | $45.12 Million |
| 2013 | 20.24% | 12.69% | 1.00x | 1.59x | $42.41 Million |
| 2014 | 18.99% | 11.95% | 1.00x | 1.59x | $40.31 Million |
| 2015 | 14.07% | 8.62% | 0.93x | 1.75x | $17.57 Million |
| 2016 | 4.15% | 5.52% | 0.51x | 1.48x | $-84.87 Million |
| 2017 | 9.75% | 8.08% | 0.86x | 1.40x | $-3.64 Million |
| 2018 | 11.62% | 8.60% | 0.84x | 1.60x | $21.40 Million |
| 2019 | 12.19% | 8.83% | 0.76x | 1.81x | $29.61 Million |
| 2020 | 8.30% | 6.53% | 0.69x | 1.85x | $-21.80 Million |
| 2021 | 6.91% | 7.35% | 0.44x | 2.12x | $-55.90 Million |
| 2022 | 13.49% | 9.29% | 0.70x | 2.08x | $65.52 Million |
| 2023 | 10.98% | 6.96% | 0.73x | 2.15x | $19.66 Million |
| 2024 | 12.60% | 7.64% | 0.76x | 2.18x | $53.40 Million |
Industry Comparison
This section compares FirstCash Inc's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $4,215,656,516
- Average return on equity (ROE) among peers: 85.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FirstCash Inc (FCFS) | $2.20 Billion | 7.14% | 1.36x | $7.36 Billion |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $16.59 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $156.65 Million | -95.99% | 31.60x | $1.63 Billion |
| Federal Agricultural Mortgage Corporation (AGM-A) | $248.49 Million | 12.88% | 18.94x | $137.84 Million |
| AIOS Tech Inc. (AIOS) | $53.94 Million | 5.08% | 0.74x | $3.53 Million |
| Ally Financial Inc (ALLY) | $17.05 Billion | 17.95% | 9.70x | $12.59 Billion |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $210.67 Million |
| Atlanticus Holdings Corporation (ATLC) | $-22.13 Million | 0.00% | 0.00x | $958.76 Million |
| American Express Company (AXP) | $20.67 Billion | 28.47% | 6.70x | $219.50 Billion |
| Bread Financial Holdings, Inc. (BFH) | $23.09 Million | 838.91% | 357.19x | $3.31 Billion |
| Credit Acceptance Corporation (CACC) | $702.20 Million | 37.91% | 2.97x | $5.39 Billion |
About FirstCash Inc
FirstCash Holdings, Inc., together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting go… Read more