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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and Credo Technology Group Holding Ltd (CRDO). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($276.3M vs $268.0M, roughly 1.0× Credo Technology Group Holding Ltd). Credo Technology Group Holding Ltd runs the higher net margin — 30.8% vs 26.4%, a 4.4% gap on every dollar of revenue. Over the past eight quarters, Credo Technology Group Holding Ltd's revenue compounded faster (124.8% CAGR vs 21.0%).
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.
Seiko Group is a corporate group composed of Seiko Group Corporation and its subsidiaries and affiliates. It used to be recognized as a corporate group consisting of three core companies Seiko Holdings Corp., Seiko Instruments Inc., and Seiko Epson Corp. The three companies were linked by a common thread of timepiece technology. Although Epson still develops and manufactures wristwatches for the Seiko Group, Epson and its subsidiaries are not considered part of the group.
CASH vs CRDO — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $276.3M | $268.0M |
| Net Profit | $72.9M | $82.6M |
| Gross Margin | — | 67.5% |
| Operating Margin | — | 29.4% |
| Net Margin | 26.4% | 30.8% |
| Revenue YoY | — | 272.1% |
| Net Profit YoY | — | 2055.9% |
| EPS (diluted) | $3.35 | $0.44 |
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 | $268.0M | ||
| Q3 25 | $186.7M | $223.1M | ||
| Q2 25 | $195.8M | $170.0M | ||
| Q1 25 | $274.8M | $135.0M | ||
| Q4 24 | $182.6M | $72.0M | ||
| Q3 24 | $179.5M | $59.7M | ||
| Q2 24 | $188.6M | $60.8M |
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $82.6M | ||
| Q3 25 | $38.8M | $63.4M | ||
| Q2 25 | $42.1M | $36.6M | ||
| Q1 25 | $75.0M | $29.4M | ||
| Q4 24 | $30.0M | $-4.2M | ||
| Q3 24 | $33.5M | $-9.5M | ||
| Q2 24 | $44.9M | $-10.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 67.5% | ||
| Q3 25 | — | 67.4% | ||
| Q2 25 | — | 67.2% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | — | 63.2% | ||
| Q3 24 | — | 62.4% | ||
| Q2 24 | — | 65.8% |
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 29.4% | ||
| Q3 25 | 25.9% | 27.2% | ||
| Q2 25 | 24.1% | 19.9% | ||
| Q1 25 | 33.2% | 19.4% | ||
| Q4 24 | 19.8% | -11.7% | ||
| Q3 24 | 20.9% | -24.2% | ||
| Q2 24 | 27.1% | -13.0% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 30.8% | ||
| Q3 25 | 20.8% | 28.4% | ||
| Q2 25 | 21.5% | 21.5% | ||
| Q1 25 | 27.3% | 21.7% | ||
| Q4 24 | 16.4% | -5.9% | ||
| Q3 24 | 18.7% | -16.0% | ||
| Q2 24 | 23.8% | -17.2% |
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $0.44 | ||
| Q3 25 | $1.69 | $0.34 | ||
| Q2 25 | $1.81 | $0.22 | ||
| Q1 25 | $3.14 | $0.16 | ||
| Q4 24 | $1.23 | $-0.03 | ||
| Q3 24 | $1.34 | $-0.06 | ||
| Q2 24 | $1.78 | $-0.06 |
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 | $813.6M |
| Total DebtLower is stronger | $59.5M | — |
| Stockholders' EquityBook value | $850.7M | $1.3B |
| Total Assets | $7.1B | $1.4B |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $813.6M | ||
| Q3 25 | $120.6M | $479.6M | ||
| Q2 25 | $258.3M | $431.3M | ||
| Q1 25 | $254.2M | $379.2M | ||
| Q4 24 | $597.4M | $383.0M | ||
| Q3 24 | $158.3M | $398.6M | ||
| Q2 24 | $298.9M | $410.0M |
| 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 | $854.5M | $1.3B | ||
| Q3 25 | $858.0M | $781.4M | ||
| Q2 25 | $819.0M | $681.6M | ||
| Q1 25 | $814.7M | $618.2M | ||
| Q4 24 | $758.3M | $567.9M | ||
| Q3 24 | $822.5M | $553.1M | ||
| Q2 24 | $748.4M | $540.2M |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $1.4B | ||
| Q3 25 | $7.2B | $905.2M | ||
| Q2 25 | $7.2B | $809.3M | ||
| Q1 25 | $7.0B | $719.9M | ||
| Q4 24 | $7.6B | $638.6M | ||
| Q3 24 | $7.5B | $644.9M | ||
| Q2 24 | $7.5B | $601.9M |
| 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× | — |
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 | — | $61.7M |
| Free Cash FlowOCF − Capex | — | $38.5M |
| FCF MarginFCF / Revenue | — | 14.4% |
| Capex IntensityCapex / Revenue | — | 8.7% |
| Cash ConversionOCF / Net Profit | — | 0.75× |
| TTM Free Cash FlowTrailing 4 quarters | — | $143.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $61.7M | ||
| Q3 25 | $303.7M | $54.2M | ||
| Q2 25 | $30.4M | $57.8M | ||
| Q1 25 | $188.3M | $4.2M | ||
| Q4 24 | $-71.7M | $10.3M | ||
| Q3 24 | $143.1M | $-7.2M | ||
| Q2 24 | $113.2M | $4.2M |
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $38.5M | ||
| Q3 25 | $300.3M | $51.3M | ||
| Q2 25 | $27.7M | $54.2M | ||
| Q1 25 | $184.7M | $-383.0K | ||
| Q4 24 | $-73.8M | $-11.7M | ||
| Q3 24 | $138.8M | $-13.1M | ||
| Q2 24 | $111.0M | $962.0K |
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 14.4% | ||
| Q3 25 | 160.9% | 23.0% | ||
| Q2 25 | 14.1% | 31.9% | ||
| Q1 25 | 67.2% | -0.3% | ||
| Q4 24 | -40.4% | -16.2% | ||
| Q3 24 | 77.3% | -21.9% | ||
| Q2 24 | 58.8% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 8.7% | ||
| Q3 25 | 1.8% | 1.3% | ||
| Q2 25 | 1.4% | 2.1% | ||
| Q1 25 | 1.3% | 3.4% | ||
| Q4 24 | 1.1% | 30.5% | ||
| Q3 24 | 2.4% | 9.8% | ||
| Q2 24 | 1.2% | 5.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 0.75× | ||
| Q3 25 | 7.83× | 0.85× | ||
| Q2 25 | 0.72× | 1.58× | ||
| Q1 25 | 2.51× | 0.14× | ||
| 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% |
CRDO
| Other | $132.1M | 49% |
| HK | $104.4M | 39% |
| RESTOFTHEWORLD | $31.5M | 12% |
