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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and CSW INDUSTRIALS, INC. (CSW). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $173.1M, roughly 1.3× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs 4.4%, a 15.9% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -0.2%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $22.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -18.0%).
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.
CASH vs CSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $233.0M |
| Net Profit | $35.2M | $10.3M |
| Gross Margin | — | 39.7% |
| Operating Margin | 24.6% | 7.4% |
| Net Margin | 20.3% | 4.4% |
| Revenue YoY | -0.2% | 20.3% |
| Net Profit YoY | 11.9% | -61.9% |
| EPS (diluted) | $1.57 | $0.62 |
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.
| Q4 25 | $173.1M | $233.0M | ||
| Q3 25 | $186.7M | $277.0M | ||
| Q2 25 | $195.8M | $263.6M | ||
| Q1 25 | $274.8M | $230.5M | ||
| Q4 24 | $182.6M | $193.6M | ||
| Q3 24 | $179.5M | $227.9M | ||
| Q2 24 | $188.6M | $226.2M | ||
| Q1 24 | $257.6M | $210.9M |
| Q4 25 | $35.2M | $10.3M | ||
| Q3 25 | $38.8M | $40.7M | ||
| Q2 25 | $42.1M | $40.9M | ||
| Q1 25 | $75.0M | $35.1M | ||
| Q4 24 | $30.0M | $26.9M | ||
| Q3 24 | $33.5M | $36.1M | ||
| Q2 24 | $44.9M | $38.6M | ||
| Q1 24 | $69.9M | $31.8M |
| Q4 25 | — | 39.7% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | 43.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | — | 47.5% | ||
| Q1 24 | — | 44.4% |
| Q4 25 | 24.6% | 7.4% | ||
| Q3 25 | 25.9% | 20.5% | ||
| Q2 25 | 24.1% | 20.8% | ||
| Q1 25 | 33.2% | 19.5% | ||
| Q4 24 | 19.8% | 15.3% | ||
| Q3 24 | 20.9% | 22.6% | ||
| Q2 24 | 27.1% | 24.3% | ||
| Q1 24 | 33.8% | 21.0% |
| Q4 25 | 20.3% | 4.4% | ||
| Q3 25 | 20.8% | 14.7% | ||
| Q2 25 | 21.5% | 15.5% | ||
| Q1 25 | 27.3% | 15.2% | ||
| Q4 24 | 16.4% | 13.9% | ||
| Q3 24 | 18.7% | 15.8% | ||
| Q2 24 | 23.8% | 17.1% | ||
| Q1 24 | 27.1% | 15.1% |
| Q4 25 | $1.57 | $0.62 | ||
| Q3 25 | $1.69 | $2.41 | ||
| Q2 25 | $1.81 | $2.43 | ||
| Q1 25 | $3.14 | $2.05 | ||
| Q4 24 | $1.23 | $1.60 | ||
| Q3 24 | $1.34 | $2.26 | ||
| Q2 24 | $1.78 | $2.47 | ||
| Q1 24 | $2.74 | $2.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $331.2M | $40.2M |
| Total DebtLower is stronger | $33.5M | — |
| Stockholders' EquityBook value | $854.5M | $1.1B |
| Total Assets | $7.6B | $2.3B |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $331.2M | $40.2M | ||
| Q3 25 | $120.6M | $31.5M | ||
| Q2 25 | $258.3M | $38.0M | ||
| Q1 25 | $254.2M | $225.8M | ||
| Q4 24 | $597.4M | $213.8M | ||
| Q3 24 | $158.3M | $273.2M | ||
| Q2 24 | $298.9M | $18.9M | ||
| Q1 24 | $347.9M | $22.2M |
| Q4 25 | $33.5M | — | ||
| Q3 25 | $33.5M | — | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $33.4M | $800.1M | ||
| Q4 24 | $33.4M | — | ||
| Q3 24 | $33.4M | — | ||
| Q2 24 | $33.3M | — | ||
| Q1 24 | $33.4M | $166.0M |
| Q4 25 | $854.5M | $1.1B | ||
| Q3 25 | $858.0M | $1.1B | ||
| Q2 25 | $819.0M | $1.1B | ||
| Q1 25 | $814.7M | $1.1B | ||
| Q4 24 | $758.3M | $1.0B | ||
| Q3 24 | $822.5M | $1.0B | ||
| Q2 24 | $748.4M | $650.2M | ||
| Q1 24 | $719.5M | $615.7M |
| Q4 25 | $7.6B | $2.3B | ||
| Q3 25 | $7.2B | $1.5B | ||
| Q2 25 | $7.2B | $1.5B | ||
| Q1 25 | $7.0B | $1.4B | ||
| Q4 24 | $7.6B | $1.4B | ||
| Q3 24 | $7.5B | $1.4B | ||
| Q2 24 | $7.5B | $1.1B | ||
| Q1 24 | $7.4B | $1.0B |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | 0.75× | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — | ||
| Q1 24 | 0.05× | 0.27× |
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 | $108.3M | $28.9M |
| Free Cash FlowOCF − Capex | $104.1M | $22.7M |
| FCF MarginFCF / Revenue | 60.1% | 9.8% |
| Capex IntensityCapex / Revenue | 2.4% | 2.6% |
| Cash ConversionOCF / Net Profit | 3.08× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.3M | $28.9M | ||
| Q3 25 | $303.7M | $61.8M | ||
| Q2 25 | $30.4M | $60.6M | ||
| Q1 25 | $188.3M | $27.3M | ||
| Q4 24 | $-71.7M | $11.6M | ||
| Q3 24 | $143.1M | $66.8M | ||
| Q2 24 | $113.2M | $62.7M | ||
| Q1 24 | $203.0M | $22.4M |
| Q4 25 | $104.1M | $22.7M | ||
| Q3 25 | $300.3M | $58.7M | ||
| Q2 25 | $27.7M | $57.7M | ||
| Q1 25 | $184.7M | $22.8M | ||
| Q4 24 | $-73.8M | $8.5M | ||
| Q3 24 | $138.8M | $61.3M | ||
| Q2 24 | $111.0M | $59.6M | ||
| Q1 24 | $201.3M | $17.5M |
| Q4 25 | 60.1% | 9.8% | ||
| Q3 25 | 160.9% | 21.2% | ||
| Q2 25 | 14.1% | 21.9% | ||
| Q1 25 | 67.2% | 9.9% | ||
| Q4 24 | -40.4% | 4.4% | ||
| Q3 24 | 77.3% | 26.9% | ||
| Q2 24 | 58.8% | 26.3% | ||
| Q1 24 | 78.1% | 8.3% |
| Q4 25 | 2.4% | 2.6% | ||
| Q3 25 | 1.8% | 1.1% | ||
| Q2 25 | 1.4% | 1.1% | ||
| Q1 25 | 1.3% | 2.0% | ||
| Q4 24 | 1.1% | 1.6% | ||
| Q3 24 | 2.4% | 2.4% | ||
| Q2 24 | 1.2% | 1.4% | ||
| Q1 24 | 0.7% | 2.3% |
| Q4 25 | 3.08× | 2.81× | ||
| Q3 25 | 7.83× | 1.52× | ||
| Q2 25 | 0.72× | 1.48× | ||
| Q1 25 | 2.51× | 0.78× | ||
| Q4 24 | -2.39× | 0.43× | ||
| Q3 24 | 4.27× | 1.85× | ||
| Q2 24 | 2.52× | 1.62× | ||
| Q1 24 | 2.90× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CASH
| Consumer | $103.0M | 59% |
| Payment Card And Deposit Fees | $30.1M | 17% |
| Other | $24.2M | 14% |
| Rental Income | $11.6M | 7% |
| Commercial | $4.2M | 2% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
