vs
Side-by-side financial comparison of BLACK HILLS CORP (BKH) and PATHWARD FINANCIAL, INC. (CASH). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($276.3M vs $241.6M, roughly 1.1× BLACK HILLS CORP). BLACK HILLS CORP runs the higher net margin — 55.1% vs 26.4%, a 28.7% gap on every dollar of revenue. Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs -22.0%).
Black Hills Corporation is an American diversified energy company that is an electric and gas utility in South Dakota, Montana, Wyoming, Colorado, Arkansas, Kansas, Nebraska, and Iowa. The company sells power throughout the American West. The company is based in Rapid City, South Dakota. It derives its name from its home in the Black Hills of South Dakota.
Pathward Financial, Inc. is a U.S.-based banking and financial services company. It adopted its current name in 2022 after its parent, Meta Financial Group, sold the "Meta" trademark to Meta Platforms.
BKH vs CASH — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $241.6M | $276.3M |
| Net Profit | $133.1M | $72.9M |
| Gross Margin | — | — |
| Operating Margin | 83.6% | — |
| Net Margin | 55.1% | 26.4% |
| Revenue YoY | -3.0% | — |
| Net Profit YoY | -2.4% | — |
| EPS (diluted) | $1.73 | $3.35 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $241.6M | $276.3M | ||
| Q4 25 | $622.7M | $173.1M | ||
| Q3 25 | $427.4M | $186.7M | ||
| Q2 25 | $435.7M | $195.8M | ||
| Q1 25 | $800.4M | $274.8M | ||
| Q4 24 | $585.1M | $182.6M | ||
| Q3 24 | $398.6M | $179.5M | ||
| Q2 24 | $397.1M | $188.6M |
| Q1 26 | $133.1M | $72.9M | ||
| Q4 25 | $104.9M | $35.2M | ||
| Q3 25 | $24.9M | $38.8M | ||
| Q2 25 | $27.5M | $42.1M | ||
| Q1 25 | $134.3M | $75.0M | ||
| Q4 24 | $98.0M | $30.0M | ||
| Q3 24 | $24.4M | $33.5M | ||
| Q2 24 | $22.8M | $44.9M |
| Q1 26 | 83.6% | — | ||
| Q4 25 | 27.5% | 24.6% | ||
| Q3 25 | 18.4% | 25.9% | ||
| Q2 25 | 18.9% | 24.1% | ||
| Q1 25 | 25.6% | 33.2% | ||
| Q4 24 | 27.9% | 19.8% | ||
| Q3 24 | 19.0% | 20.9% | ||
| Q2 24 | 17.8% | 27.1% |
| Q1 26 | 55.1% | 26.4% | ||
| Q4 25 | 16.8% | 20.3% | ||
| Q3 25 | 5.8% | 20.8% | ||
| Q2 25 | 6.3% | 21.5% | ||
| Q1 25 | 16.8% | 27.3% | ||
| Q4 24 | 16.7% | 16.4% | ||
| Q3 24 | 6.1% | 18.7% | ||
| Q2 24 | 5.7% | 23.8% |
| Q1 26 | $1.73 | $3.35 | ||
| Q4 25 | $1.39 | $1.57 | ||
| Q3 25 | $0.34 | $1.69 | ||
| Q2 25 | $0.38 | $1.81 | ||
| Q1 25 | $1.87 | $3.14 | ||
| Q4 24 | $1.36 | $1.23 | ||
| Q3 24 | $0.35 | $1.34 | ||
| Q2 24 | $0.33 | $1.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $157.6M |
| Total DebtLower is stronger | — | $59.5M |
| Stockholders' EquityBook value | — | $850.7M |
| Total Assets | — | $7.1B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $157.6M | ||
| Q4 25 | $182.8M | $331.2M | ||
| Q3 25 | $21.1M | $120.6M | ||
| Q2 25 | $8.1M | $258.3M | ||
| Q1 25 | $6.6M | $254.2M | ||
| Q4 24 | $16.1M | $597.4M | ||
| Q3 24 | $12.5M | $158.3M | ||
| Q2 24 | $624.8M | $298.9M |
| Q1 26 | — | $59.5M | ||
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $33.5M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | — | $33.4M | ||
| Q4 24 | — | $33.4M | ||
| Q3 24 | — | $33.4M | ||
| Q2 24 | — | $33.3M |
| Q1 26 | — | $850.7M | ||
| Q4 25 | $3.8B | $854.5M | ||
| Q3 25 | $3.8B | $858.0M | ||
| Q2 25 | $3.6B | $819.0M | ||
| Q1 25 | $3.6B | $814.7M | ||
| Q4 24 | $3.5B | $758.3M | ||
| Q3 24 | $3.4B | $822.5M | ||
| Q2 24 | $3.4B | $748.4M |
| Q1 26 | — | $7.1B | ||
| Q4 25 | $10.9B | $7.6B | ||
| Q3 25 | $10.3B | $7.2B | ||
| Q2 25 | $10.1B | $7.2B | ||
| Q1 25 | $10.1B | $7.0B | ||
| Q4 24 | $10.0B | $7.6B | ||
| Q3 24 | $9.7B | $7.5B | ||
| Q2 24 | $10.2B | $7.5B |
| Q1 26 | — | 0.07× | ||
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKH
Segment breakdown not available.
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
