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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($173.1M vs $159.9M, roughly 1.1× INSTEEL INDUSTRIES INC). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs 4.7%, a 15.6% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -0.2%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% 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.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
CASH vs IIIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $159.9M |
| Net Profit | $35.2M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | 24.6% | 6.0% |
| Net Margin | 20.3% | 4.7% |
| Revenue YoY | -0.2% | 23.3% |
| Net Profit YoY | 11.9% | 602.4% |
| EPS (diluted) | $1.57 | $0.39 |
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 | $159.9M | ||
| Q3 25 | $186.7M | $177.4M | ||
| Q2 25 | $195.8M | $179.9M | ||
| Q1 25 | $274.8M | $160.7M | ||
| Q4 24 | $182.6M | $129.7M | ||
| Q3 24 | $179.5M | $134.3M | ||
| Q2 24 | $188.6M | $145.8M | ||
| Q1 24 | $257.6M | $127.4M |
| Q4 25 | $35.2M | $7.6M | ||
| Q3 25 | $38.8M | $14.6M | ||
| Q2 25 | $42.1M | $15.2M | ||
| Q1 25 | $75.0M | $10.2M | ||
| Q4 24 | $30.0M | $1.1M | ||
| Q3 24 | $33.5M | $4.7M | ||
| Q2 24 | $44.9M | $6.6M | ||
| Q1 24 | $69.9M | $6.9M |
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | 24.6% | 6.0% | ||
| Q3 25 | 25.9% | 10.8% | ||
| Q2 25 | 24.1% | 11.0% | ||
| Q1 25 | 33.2% | 8.3% | ||
| Q4 24 | 19.8% | 1.1% | ||
| Q3 24 | 20.9% | 4.5% | ||
| Q2 24 | 27.1% | 6.0% | ||
| Q1 24 | 33.8% | 7.0% |
| Q4 25 | 20.3% | 4.7% | ||
| Q3 25 | 20.8% | 8.2% | ||
| Q2 25 | 21.5% | 8.4% | ||
| Q1 25 | 27.3% | 6.4% | ||
| Q4 24 | 16.4% | 0.8% | ||
| Q3 24 | 18.7% | 3.5% | ||
| Q2 24 | 23.8% | 4.5% | ||
| Q1 24 | 27.1% | 5.4% |
| Q4 25 | $1.57 | $0.39 | ||
| Q3 25 | $1.69 | $0.74 | ||
| Q2 25 | $1.81 | $0.78 | ||
| Q1 25 | $3.14 | $0.52 | ||
| Q4 24 | $1.23 | $0.06 | ||
| Q3 24 | $1.34 | $0.24 | ||
| Q2 24 | $1.78 | $0.34 | ||
| Q1 24 | $2.74 | $0.35 |
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 | $15.6M |
| Total DebtLower is stronger | $33.5M | — |
| Stockholders' EquityBook value | $854.5M | $358.8M |
| Total Assets | $7.6B | $456.1M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $331.2M | $15.6M | ||
| Q3 25 | $120.6M | $38.6M | ||
| Q2 25 | $258.3M | $53.7M | ||
| Q1 25 | $254.2M | $28.4M | ||
| Q4 24 | $597.4M | $36.0M | ||
| Q3 24 | $158.3M | $111.5M | ||
| Q2 24 | $298.9M | $97.7M | ||
| Q1 24 | $347.9M | $83.9M |
| 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 24 | $33.4M | — |
| Q4 25 | $854.5M | $358.8M | ||
| Q3 25 | $858.0M | $371.5M | ||
| Q2 25 | $819.0M | $356.2M | ||
| Q1 25 | $814.7M | $341.4M | ||
| Q4 24 | $758.3M | $331.6M | ||
| Q3 24 | $822.5M | $350.9M | ||
| Q2 24 | $748.4M | $346.0M | ||
| Q1 24 | $719.5M | $340.6M |
| Q4 25 | $7.6B | $456.1M | ||
| Q3 25 | $7.2B | $462.6M | ||
| Q2 25 | $7.2B | $471.9M | ||
| Q1 25 | $7.0B | $421.9M | ||
| Q4 24 | $7.6B | $404.7M | ||
| Q3 24 | $7.5B | $422.6M | ||
| Q2 24 | $7.5B | $414.6M | ||
| Q1 24 | $7.4B | $397.2M |
| 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× | — | ||
| Q1 24 | 0.05× | — |
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 | $-701.0K |
| Free Cash FlowOCF − Capex | $104.1M | $-2.2M |
| FCF MarginFCF / Revenue | 60.1% | -1.4% |
| Capex IntensityCapex / Revenue | 2.4% | 0.9% |
| Cash ConversionOCF / Net Profit | 3.08× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.3M | $-701.0K | ||
| Q3 25 | $303.7M | $-17.0M | ||
| Q2 25 | $30.4M | $28.5M | ||
| Q1 25 | $188.3M | $-3.3M | ||
| Q4 24 | $-71.7M | $19.0M | ||
| Q3 24 | $143.1M | $16.2M | ||
| Q2 24 | $113.2M | $18.8M | ||
| Q1 24 | $203.0M | $1.4M |
| Q4 25 | $104.1M | $-2.2M | ||
| Q3 25 | $300.3M | $-18.7M | ||
| Q2 25 | $27.7M | $26.9M | ||
| Q1 25 | $184.7M | $-5.5M | ||
| Q4 24 | $-73.8M | $16.3M | ||
| Q3 24 | $138.8M | $14.5M | ||
| Q2 24 | $111.0M | $15.5M | ||
| Q1 24 | $201.3M | $-580.0K |
| Q4 25 | 60.1% | -1.4% | ||
| Q3 25 | 160.9% | -10.6% | ||
| Q2 25 | 14.1% | 15.0% | ||
| Q1 25 | 67.2% | -3.5% | ||
| Q4 24 | -40.4% | 12.6% | ||
| Q3 24 | 77.3% | 10.8% | ||
| Q2 24 | 58.8% | 10.7% | ||
| Q1 24 | 78.1% | -0.5% |
| Q4 25 | 2.4% | 0.9% | ||
| Q3 25 | 1.8% | 1.0% | ||
| Q2 25 | 1.4% | 0.9% | ||
| Q1 25 | 1.3% | 1.4% | ||
| Q4 24 | 1.1% | 2.1% | ||
| Q3 24 | 2.4% | 1.3% | ||
| Q2 24 | 1.2% | 2.2% | ||
| Q1 24 | 0.7% | 1.5% |
| Q4 25 | 3.08× | -0.09× | ||
| Q3 25 | 7.83× | -1.17× | ||
| Q2 25 | 0.72× | 1.88× | ||
| Q1 25 | 2.51× | -0.32× | ||
| Q4 24 | -2.39× | 17.56× | ||
| Q3 24 | 4.27× | 3.48× | ||
| Q2 24 | 2.52× | 2.86× | ||
| Q1 24 | 2.90× | 0.20× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
