Firstcash Holdings, Inc. (FCFS) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Retail / Consumer Discretionary · as of Sep 13, 2026
Firstcash Holdings, Inc. (FCFS)
A forensic read on Firstcash Holdings, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
6.8
Distress distance
Clean
Earnings quality
3
Forensic signals
24.5
P / E (ttm)
14.5%
ROE
$9.4B
Market cap
1.25%
Dividend yield
8.0%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Firstcash Holdings, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 6.8, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by inventory days.
What the filings flag
82d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 67 to 82 FY2024→FY2025 (against cost of goods sold; inventory +46% vs +3% in cost of sales). Inventory is outrunning what's being sold — a flag for softening demand or obsolescence risk ahead.
+18.9%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +18.9% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by receivables up +58% against revenue +8% and inventory up +46% against +3% in cost of sales. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 6% of net operating assets, against an accruals ratio of 18.9%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
6.9%
FY2025
Return on invested capital.Return on invested capital is 6.9% in the latest fiscal year and slipping from 9% — slightly below its ~9% cost of capital — reinvestment is roughly a wash.
Key fundamentals
Net Margin9.0%
Debt / Equity0.97x
Free Cash Flow$531.0M
Latest Revenue$3.66B
Return on Equity14.5%
Revenue CAGR (3yr)+10.3%
Revenue Growth YoY+8.0%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Firstcash Holdings, Inc.'s actual 10-K/10-Q/8-K filings?