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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and Claritev Corp (CTEV). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $173.1M, roughly 1.4× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs -32.7%, a 53.0% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs -0.2%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $36.4M). Over the past eight quarters, Claritev Corp's revenue compounded faster (2.5% 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 CTEV — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $246.6M |
| Net Profit | $35.2M | $-80.6M |
| Gross Margin | — | — |
| Operating Margin | 24.6% | -3.1% |
| Net Margin | 20.3% | -32.7% |
| Revenue YoY | -0.2% | 6.2% |
| Net Profit YoY | 11.9% | 41.6% |
| EPS (diluted) | $1.57 | $-4.88 |
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 | $246.6M | ||
| Q3 25 | $186.7M | $246.0M | ||
| Q2 25 | $195.8M | $241.6M | ||
| Q1 25 | $274.8M | $231.3M | ||
| Q4 24 | $182.6M | $232.1M | ||
| Q3 24 | $179.5M | $230.5M | ||
| Q2 24 | $188.6M | $233.5M | ||
| Q1 24 | $257.6M | $234.5M |
| Q4 25 | $35.2M | $-80.6M | ||
| Q3 25 | $38.8M | $-69.8M | ||
| Q2 25 | $42.1M | $-62.6M | ||
| Q1 25 | $75.0M | $-71.3M | ||
| Q4 24 | $30.0M | $-138.0M | ||
| Q3 24 | $33.5M | $-391.4M | ||
| Q2 24 | $44.9M | $-576.7M | ||
| Q1 24 | $69.9M | $-539.7M |
| Q4 25 | 24.6% | -3.1% | ||
| Q3 25 | 25.9% | 4.1% | ||
| Q2 25 | 24.1% | 6.9% | ||
| Q1 25 | 33.2% | 4.2% | ||
| Q4 24 | 19.8% | -17.8% | ||
| Q3 24 | 20.9% | -146.7% | ||
| Q2 24 | 27.1% | -224.4% | ||
| Q1 24 | 33.8% | -207.4% |
| Q4 25 | 20.3% | -32.7% | ||
| Q3 25 | 20.8% | -28.4% | ||
| Q2 25 | 21.5% | -25.9% | ||
| Q1 25 | 27.3% | -30.8% | ||
| Q4 24 | 16.4% | -59.4% | ||
| Q3 24 | 18.7% | -169.8% | ||
| Q2 24 | 23.8% | -247.0% | ||
| Q1 24 | 27.1% | -230.1% |
| Q4 25 | $1.57 | $-4.88 | ||
| Q3 25 | $1.69 | $-4.23 | ||
| Q2 25 | $1.81 | $-3.81 | ||
| Q1 25 | $3.14 | $-4.38 | ||
| Q4 24 | $1.23 | $-8.49 | ||
| Q3 24 | $1.34 | $-24.25 | ||
| Q2 24 | $1.78 | $-35.78 | ||
| Q1 24 | $2.74 | $-33.40 |
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 | $16.8M |
| Total DebtLower is stronger | $33.5M | $4.6B |
| Stockholders' EquityBook value | $854.5M | $-173.9M |
| Total Assets | $7.6B | $4.9B |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $331.2M | $16.8M | ||
| Q3 25 | $120.6M | $39.2M | ||
| Q2 25 | $258.3M | $56.4M | ||
| Q1 25 | $254.2M | $23.1M | ||
| Q4 24 | $597.4M | $16.8M | ||
| Q3 24 | $158.3M | $86.6M | ||
| Q2 24 | $298.9M | $48.8M | ||
| Q1 24 | $347.9M | $58.7M |
| Q4 25 | $33.5M | $4.6B | ||
| Q3 25 | $33.5M | $4.5B | ||
| Q2 25 | $33.4M | $4.5B | ||
| Q1 25 | $33.4M | $4.5B | ||
| Q4 24 | $33.4M | $4.5B | ||
| Q3 24 | $33.4M | $4.5B | ||
| Q2 24 | $33.3M | $4.5B | ||
| Q1 24 | $33.4M | $4.5B |
| Q4 25 | $854.5M | $-173.9M | ||
| Q3 25 | $858.0M | $-101.8M | ||
| Q2 25 | $819.0M | $-39.9M | ||
| Q1 25 | $814.7M | $14.8M | ||
| Q4 24 | $758.3M | $84.0M | ||
| Q3 24 | $822.5M | $207.6M | ||
| Q2 24 | $748.4M | $603.4M | ||
| Q1 24 | $719.5M | $1.2B |
| Q4 25 | $7.6B | $4.9B | ||
| Q3 25 | $7.2B | $5.0B | ||
| Q2 25 | $7.2B | $5.1B | ||
| Q1 25 | $7.0B | $5.1B | ||
| Q4 24 | $7.6B | $5.2B | ||
| Q3 24 | $7.5B | $5.3B | ||
| Q2 24 | $7.5B | $5.7B | ||
| Q1 24 | $7.4B | $6.4B |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | 304.87× | ||
| Q4 24 | 0.04× | 53.67× | ||
| Q3 24 | 0.04× | 21.73× | ||
| Q2 24 | 0.04× | 7.48× | ||
| Q1 24 | 0.05× | 3.85× |
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 | $66.3M |
| Free Cash FlowOCF − Capex | $104.1M | $36.4M |
| FCF MarginFCF / Revenue | 60.1% | 14.8% |
| Capex IntensityCapex / Revenue | 2.4% | 12.1% |
| Cash ConversionOCF / Net Profit | 3.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | $-12.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.3M | $66.3M | ||
| Q3 25 | $303.7M | $19.9M | ||
| Q2 25 | $30.4M | $61.2M | ||
| Q1 25 | $188.3M | $-30.1M | ||
| Q4 24 | $-71.7M | $-33.4M | ||
| Q3 24 | $143.1M | $72.8M | ||
| Q2 24 | $113.2M | $18.5M | ||
| Q1 24 | $203.0M | $49.7M |
| Q4 25 | $104.1M | $36.4M | ||
| Q3 25 | $300.3M | $-16.3M | ||
| Q2 25 | $27.7M | $36.6M | ||
| Q1 25 | $184.7M | $-68.9M | ||
| Q4 24 | $-73.8M | $-63.8M | ||
| Q3 24 | $138.8M | $41.1M | ||
| Q2 24 | $111.0M | $-7.0M | ||
| Q1 24 | $201.3M | $19.2M |
| Q4 25 | 60.1% | 14.8% | ||
| Q3 25 | 160.9% | -6.6% | ||
| Q2 25 | 14.1% | 15.2% | ||
| Q1 25 | 67.2% | -29.8% | ||
| Q4 24 | -40.4% | -27.5% | ||
| Q3 24 | 77.3% | 17.8% | ||
| Q2 24 | 58.8% | -3.0% | ||
| Q1 24 | 78.1% | 8.2% |
| Q4 25 | 2.4% | 12.1% | ||
| Q3 25 | 1.8% | 14.7% | ||
| Q2 25 | 1.4% | 10.2% | ||
| Q1 25 | 1.3% | 16.8% | ||
| Q4 24 | 1.1% | 13.1% | ||
| Q3 24 | 2.4% | 13.8% | ||
| Q2 24 | 1.2% | 10.9% | ||
| Q1 24 | 0.7% | 13.0% |
| 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× | — | ||
| Q1 24 | 2.90× | — |
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% |
CTEV
Segment breakdown not available.
