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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and Janus International Group, Inc. (JBI). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($276.3M vs $219.3M, roughly 1.3× Janus International Group, Inc.). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs 6.9%, a 19.5% gap on every dollar of revenue. Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs -8.8%).
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.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
CASH vs JBI — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $276.3M | $219.3M |
| Net Profit | $72.9M | $15.2M |
| Gross Margin | — | 39.1% |
| Operating Margin | — | 13.4% |
| Net Margin | 26.4% | 6.9% |
| Revenue YoY | — | -4.7% |
| Net Profit YoY | — | 28.8% |
| EPS (diluted) | $3.35 | $0.11 |
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 | — | ||
| Q3 25 | $186.7M | $219.3M | ||
| Q2 25 | $195.8M | $228.1M | ||
| Q1 25 | $274.8M | $210.5M | ||
| Q4 24 | $182.6M | $230.8M | ||
| Q3 24 | $179.5M | $230.1M | ||
| Q2 24 | $188.6M | $248.4M |
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | — | ||
| Q3 25 | $38.8M | $15.2M | ||
| Q2 25 | $42.1M | $20.7M | ||
| Q1 25 | $75.0M | $10.8M | ||
| Q4 24 | $30.0M | $300.0K | ||
| Q3 24 | $33.5M | $11.8M | ||
| Q2 24 | $44.9M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 39.1% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | — | 43.9% |
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | — | ||
| Q3 25 | 25.9% | 13.4% | ||
| Q2 25 | 24.1% | 15.8% | ||
| Q1 25 | 33.2% | 12.0% | ||
| Q4 24 | 19.8% | 5.5% | ||
| Q3 24 | 20.9% | 11.6% | ||
| Q2 24 | 27.1% | 20.8% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | — | ||
| Q3 25 | 20.8% | 6.9% | ||
| Q2 25 | 21.5% | 9.1% | ||
| Q1 25 | 27.3% | 5.1% | ||
| Q4 24 | 16.4% | 0.1% | ||
| Q3 24 | 18.7% | 5.1% | ||
| Q2 24 | 23.8% | 11.1% |
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | — | ||
| Q3 25 | $1.69 | $0.11 | ||
| Q2 25 | $1.81 | $0.15 | ||
| Q1 25 | $3.14 | $0.08 | ||
| Q4 24 | $1.23 | $0.01 | ||
| Q3 24 | $1.34 | $0.08 | ||
| Q2 24 | $1.78 | $0.19 |
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 | — |
| Total DebtLower is stronger | $59.5M | — |
| Stockholders' EquityBook value | $850.7M | $560.8M |
| Total Assets | $7.1B | $1.3B |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | — | ||
| Q3 25 | $120.6M | — | ||
| Q2 25 | $258.3M | — | ||
| Q1 25 | $254.2M | — | ||
| Q4 24 | $597.4M | — | ||
| Q3 24 | $158.3M | $102.1M | ||
| Q2 24 | $298.9M | $110.1M |
| 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 | — | ||
| Q3 25 | $858.0M | $560.8M | ||
| Q2 25 | $819.0M | $543.8M | ||
| Q1 25 | $814.7M | $526.8M | ||
| Q4 24 | $758.3M | $518.8M | ||
| Q3 24 | $822.5M | $526.6M | ||
| Q2 24 | $748.4M | $556.3M |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.2B | $1.3B | ||
| Q2 25 | $7.2B | $1.3B | ||
| Q1 25 | $7.0B | $1.3B | ||
| Q4 24 | $7.6B | $1.3B | ||
| Q3 24 | $7.5B | $1.3B | ||
| Q2 24 | $7.5B | $1.3B |
| 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 | — | $15.0M |
| Free Cash FlowOCF − Capex | — | $8.3M |
| FCF MarginFCF / Revenue | — | 3.8% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | — | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $140.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | — | ||
| Q3 25 | $303.7M | $15.0M | ||
| Q2 25 | $30.4M | $51.4M | ||
| Q1 25 | $188.3M | $48.3M | ||
| Q4 24 | $-71.7M | $51.4M | ||
| Q3 24 | $143.1M | $43.0M | ||
| Q2 24 | $113.2M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | — | ||
| Q3 25 | $300.3M | $8.3M | ||
| Q2 25 | $27.7M | $44.6M | ||
| Q1 25 | $184.7M | $41.9M | ||
| Q4 24 | $-73.8M | $45.3M | ||
| Q3 24 | $138.8M | $39.3M | ||
| Q2 24 | $111.0M | $25.3M |
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | — | ||
| Q3 25 | 160.9% | 3.8% | ||
| Q2 25 | 14.1% | 19.6% | ||
| Q1 25 | 67.2% | 19.9% | ||
| Q4 24 | -40.4% | 19.6% | ||
| Q3 24 | 77.3% | 17.1% | ||
| Q2 24 | 58.8% | 10.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.8% | 3.1% | ||
| Q2 25 | 1.4% | 3.0% | ||
| Q1 25 | 1.3% | 3.0% | ||
| Q4 24 | 1.1% | 2.6% | ||
| Q3 24 | 2.4% | 1.6% | ||
| Q2 24 | 1.2% | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | 0.99× | ||
| Q2 25 | 0.72× | 2.48× | ||
| Q1 25 | 2.51× | 4.47× | ||
| Q4 24 | -2.39× | 171.33× | ||
| Q3 24 | 4.27× | 3.64× | ||
| Q2 24 | 2.52× | 1.12× |
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% |
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
