FirstCash Holdings, Inc. (FCFS) vs Nelnet, Inc. (NNI)

FirstCash Holdings, Inc. and Nelnet, Inc. are both Credit Services companies. FirstCash Holdings, Inc. is the larger, with a market value of $9.4B against $4.5B — 2.1× the size. Nelnet, Inc. trades at the lower P/E: 14.9× against 24.8×. FirstCash Holdings, Inc. grew revenue faster over the last twelve months: 21.6% against −6.25%. Nelnet, Inc. has the higher net margin (14.4% vs 9.42%) and the lower return on invested capital (3.14% vs 8.97%). Both pay a dividend; FirstCash Holdings, Inc. yields more (1.21% vs 1.20%). Across the 22 metrics below, Nelnet, Inc. leads on 12 and FirstCash Holdings, Inc. on 10.

Valuation

Metric FCFS NNI Credit Services median
P/E 24.82 14.87 9.64
P/S 2.31 2.13 0.87
P/B 4.10 1.23 1.16
Price to free cash flow 17.91 15.36 2.99
EV/EBITDA 11.72 n/m 9.58
EV/Sales 2.86 3.75 2.32
Earnings yield 4.03% 6.72% 6.72%
Free cash flow yield 5.58% 6.51% 12.33%

Profitability

Metric FCFS NNI Credit Services median
Gross margin 50.47% 78.28% 77.13%
Operating margin 15.66% 0.00% 0.34%
Net margin 9.42% 14.35% 9.25%
Free cash flow margin 12.91% 13.85% 13.03%
Return on equity 17.40% 8.49% 8.49%
Return on assets 7.76% 2.16% 2.29%
Return on invested capital 8.97% 3.14% 4.09%

Growth

Metric FCFS NNI Credit Services median
Revenue growth (TTM) 21.61% (6.25%) 4.62%
EPS growth (last fiscal year) 29.49% 134.86% —
Revenue growth, 5-year CAGR 17.55% 5.45% 9.13%
Net income growth, 5-year CAGR 25.39% 3.98% 0.00%

Health

Metric FCFS NNI Credit Services median
Debt to equity 1.01 1.94 0.68
Current ratio 4.89 836.59 1.55
Net debt to EBITDA 2.28 0.00 0.13

Dividend

Metric FCFS NNI Credit Services median
Dividend yield 1.21% 1.20% 3.34%
Payout ratio 0.26 0.20 0.00

Size

Metric FCFS NNI Credit Services median
Market cap 9.39b 4.47b 872.19m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack