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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and Compass Diversified Holdings (CODI). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $276.3M, roughly 1.7× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs -16.8%, a 43.2% gap on every dollar of revenue. Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs 6.8%).
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.
Compass Diversified Holdings is a publicly traded holding firm that acquires and operates a diverse portfolio of middle-market businesses across sectors including consumer goods, industrial manufacturing, outdoor recreation, and food & beverage. It partners with portfolio company leadership teams to drive long-term operational growth and value creation, primarily serving North American markets.
CASH vs CODI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $276.3M | $468.6M |
| Net Profit | $72.9M | $-78.8M |
| Gross Margin | — | 43.1% |
| Operating Margin | — | 9.8% |
| Net Margin | 26.4% | -16.8% |
| Revenue YoY | — | -5.1% |
| Net Profit YoY | — | -14.4% |
| EPS (diluted) | $3.35 | $-0.91 |
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 | $276.3M | — | ||
| Q4 25 | $173.1M | $468.6M | ||
| Q3 25 | $186.7M | $472.6M | ||
| Q2 25 | $195.8M | $478.7M | ||
| Q1 25 | $274.8M | $453.8M | ||
| Q4 24 | $182.6M | $493.9M | ||
| Q3 24 | $179.5M | $456.6M | ||
| Q2 24 | $188.6M | $426.7M |
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $-78.8M | ||
| Q3 25 | $38.8M | $-74.0M | ||
| Q2 25 | $42.1M | $-51.2M | ||
| Q1 25 | $75.0M | $-30.0M | ||
| Q4 24 | $30.0M | $-68.9M | ||
| Q3 24 | $33.5M | $-36.0M | ||
| Q2 24 | $44.9M | $-73.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 44.0% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 43.2% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 44.1% |
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 9.8% | ||
| Q3 25 | 25.9% | -2.3% | ||
| Q2 25 | 24.1% | -5.7% | ||
| Q1 25 | 33.2% | 0.8% | ||
| Q4 24 | 19.8% | -3.8% | ||
| Q3 24 | 20.9% | 1.8% | ||
| Q2 24 | 27.1% | 1.8% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | -16.8% | ||
| Q3 25 | 20.8% | -15.7% | ||
| Q2 25 | 21.5% | -10.7% | ||
| Q1 25 | 27.3% | -6.6% | ||
| Q4 24 | 16.4% | -13.9% | ||
| Q3 24 | 18.7% | -7.9% | ||
| Q2 24 | 23.8% | -17.1% |
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $-0.91 | ||
| Q3 25 | $1.69 | $-1.21 | ||
| Q2 25 | $1.81 | $-0.88 | ||
| Q1 25 | $3.14 | $-0.59 | ||
| Q4 24 | $1.23 | $-0.57 | ||
| Q3 24 | $1.34 | $-0.62 | ||
| Q2 24 | $1.78 | $-1.12 |
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 | $68.0M |
| Total DebtLower is stronger | $59.5M | $1.9B |
| Stockholders' EquityBook value | $850.7M | $442.0M |
| Total Assets | $7.1B | $3.0B |
| Debt / EquityLower = less leverage | 0.07× | 4.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $68.0M | ||
| Q3 25 | $120.6M | $61.1M | ||
| Q2 25 | $258.3M | $73.8M | ||
| Q1 25 | $254.2M | $146.2M | ||
| Q4 24 | $597.4M | $59.7M | ||
| Q3 24 | $158.3M | $64.9M | ||
| Q2 24 | $298.9M | $61.5M |
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $1.9B | ||
| Q3 25 | $33.5M | $1.9B | ||
| Q2 25 | $33.4M | $1.9B | ||
| Q1 25 | $33.4M | $1.9B | ||
| Q4 24 | $33.4M | $1.8B | ||
| Q3 24 | $33.4M | $1.8B | ||
| Q2 24 | $33.3M | $1.7B |
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $442.0M | ||
| Q3 25 | $858.0M | $519.2M | ||
| Q2 25 | $819.0M | $601.9M | ||
| Q1 25 | $814.7M | $680.7M | ||
| Q4 24 | $758.3M | $678.6M | ||
| Q3 24 | $822.5M | $672.2M | ||
| Q2 24 | $748.4M | $711.3M |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $3.0B | ||
| Q3 25 | $7.2B | $3.2B | ||
| Q2 25 | $7.2B | $3.3B | ||
| Q1 25 | $7.0B | $3.4B | ||
| Q4 24 | $7.6B | $3.3B | ||
| Q3 24 | $7.5B | $3.3B | ||
| Q2 24 | $7.5B | $3.2B |
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 4.25× | ||
| Q3 25 | 0.04× | 3.62× | ||
| Q2 25 | 0.04× | 3.09× | ||
| Q1 25 | 0.04× | 2.73× | ||
| Q4 24 | 0.04× | 2.61× | ||
| Q3 24 | 0.04× | 2.64× | ||
| Q2 24 | 0.04× | 2.42× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $47.0M |
| Free Cash FlowOCF − Capex | — | $36.9M |
| FCF MarginFCF / Revenue | — | 7.9% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-51.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $47.0M | ||
| Q3 25 | $303.7M | $10.7M | ||
| Q2 25 | $30.4M | $-35.2M | ||
| Q1 25 | $188.3M | $-29.3M | ||
| Q4 24 | $-71.7M | $-16.1M | ||
| Q3 24 | $143.1M | $-48.4M | ||
| Q2 24 | $113.2M | $-61.3M |
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $36.9M | ||
| Q3 25 | $300.3M | $481.0K | ||
| Q2 25 | $27.7M | $-46.0M | ||
| Q1 25 | $184.7M | $-42.4M | ||
| Q4 24 | $-73.8M | $-39.0M | ||
| Q3 24 | $138.8M | $-63.5M | ||
| Q2 24 | $111.0M | $-72.2M |
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 7.9% | ||
| Q3 25 | 160.9% | 0.1% | ||
| Q2 25 | 14.1% | -9.6% | ||
| Q1 25 | 67.2% | -9.4% | ||
| Q4 24 | -40.4% | -7.9% | ||
| Q3 24 | 77.3% | -13.9% | ||
| Q2 24 | 58.8% | -16.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 2.2% | ||
| Q3 25 | 1.8% | 2.2% | ||
| Q2 25 | 1.4% | 2.3% | ||
| Q1 25 | 1.3% | 2.9% | ||
| Q4 24 | 1.1% | 4.6% | ||
| Q3 24 | 2.4% | 3.3% | ||
| Q2 24 | 1.2% | 2.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | — | ||
| Q3 24 | 4.27× | — | ||
| Q2 24 | 2.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
