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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and Mistras Group, Inc. (MG). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($276.3M vs $181.5M, roughly 1.5× Mistras Group, Inc.). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs 2.1%, a 24.3% gap on every dollar of revenue. Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs -0.8%).
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.
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
CASH vs MG — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $276.3M | $181.5M |
| Net Profit | $72.9M | $3.8M |
| Gross Margin | — | 28.4% |
| Operating Margin | — | 7.0% |
| Net Margin | 26.4% | 2.1% |
| Revenue YoY | — | 5.1% |
| Net Profit YoY | — | -27.4% |
| EPS (diluted) | $3.35 | $0.12 |
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 | $181.5M | ||
| Q3 25 | $186.7M | $195.5M | ||
| Q2 25 | $195.8M | $185.4M | ||
| Q1 25 | $274.8M | $161.6M | ||
| Q4 24 | $182.6M | $172.7M | ||
| Q3 24 | $179.5M | $182.7M | ||
| Q2 24 | $188.6M | $189.8M |
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $3.8M | ||
| Q3 25 | $38.8M | $13.1M | ||
| Q2 25 | $42.1M | $3.0M | ||
| Q1 25 | $75.0M | $-3.2M | ||
| Q4 24 | $30.0M | $5.2M | ||
| Q3 24 | $33.5M | $6.4M | ||
| Q2 24 | $44.9M | $6.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 29.1% | ||
| Q1 25 | — | 25.3% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 27.1% |
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 7.0% | ||
| Q3 25 | 25.9% | 10.4% | ||
| Q2 25 | 24.1% | 4.5% | ||
| Q1 25 | 33.2% | -0.6% | ||
| Q4 24 | 19.8% | 6.1% | ||
| Q3 24 | 20.9% | 6.5% | ||
| Q2 24 | 27.1% | 6.3% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 2.1% | ||
| Q3 25 | 20.8% | 6.7% | ||
| Q2 25 | 21.5% | 1.6% | ||
| Q1 25 | 27.3% | -2.0% | ||
| Q4 24 | 16.4% | 3.0% | ||
| Q3 24 | 18.7% | 3.5% | ||
| Q2 24 | 23.8% | 3.4% |
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $0.12 | ||
| Q3 25 | $1.69 | $0.41 | ||
| Q2 25 | $1.81 | $0.10 | ||
| Q1 25 | $3.14 | $-0.10 | ||
| Q4 24 | $1.23 | $0.17 | ||
| Q3 24 | $1.34 | $0.20 | ||
| Q2 24 | $1.78 | $0.20 |
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 | $28.0M |
| Total DebtLower is stronger | $59.5M | $178.0M |
| Stockholders' EquityBook value | $850.7M | $235.1M |
| Total Assets | $7.1B | $578.8M |
| Debt / EquityLower = less leverage | 0.07× | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $28.0M | ||
| Q3 25 | $120.6M | $27.8M | ||
| Q2 25 | $258.3M | $20.0M | ||
| Q1 25 | $254.2M | $18.5M | ||
| Q4 24 | $597.4M | $18.3M | ||
| Q3 24 | $158.3M | $20.4M | ||
| Q2 24 | $298.9M | $17.2M |
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $178.0M | ||
| Q3 25 | $33.5M | $202.3M | ||
| Q2 25 | $33.4M | $189.4M | ||
| Q1 25 | $33.4M | $171.9M | ||
| Q4 24 | $33.4M | $169.6M | ||
| Q3 24 | $33.4M | $189.7M | ||
| Q2 24 | $33.3M | $199.7M |
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $235.1M | ||
| Q3 25 | $858.0M | $227.4M | ||
| Q2 25 | $819.0M | $215.8M | ||
| Q1 25 | $814.7M | $198.7M | ||
| Q4 24 | $758.3M | $198.6M | ||
| Q3 24 | $822.5M | $205.2M | ||
| Q2 24 | $748.4M | $193.2M |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $578.8M | ||
| Q3 25 | $7.2B | $596.3M | ||
| Q2 25 | $7.2B | $571.0M | ||
| Q1 25 | $7.0B | $526.8M | ||
| Q4 24 | $7.6B | $523.0M | ||
| Q3 24 | $7.5B | $551.7M | ||
| Q2 24 | $7.5B | $548.1M |
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.76× | ||
| Q3 25 | 0.04× | 0.89× | ||
| Q2 25 | 0.04× | 0.88× | ||
| Q1 25 | 0.04× | 0.87× | ||
| Q4 24 | 0.04× | 0.85× | ||
| Q3 24 | 0.04× | 0.92× | ||
| Q2 24 | 0.04× | 1.03× |
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 | — | $32.1M |
| Free Cash FlowOCF − Capex | — | $26.0M |
| FCF MarginFCF / Revenue | — | 14.3% |
| Capex IntensityCapex / Revenue | — | 3.4% |
| Cash ConversionOCF / Net Profit | — | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $32.1M | ||
| Q3 25 | $303.7M | $4.5M | ||
| Q2 25 | $30.4M | $-9.3M | ||
| Q1 25 | $188.3M | $5.6M | ||
| Q4 24 | $-71.7M | $25.7M | ||
| Q3 24 | $143.1M | $19.4M | ||
| Q2 24 | $113.2M | $4.5M |
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $26.0M | ||
| Q3 25 | $300.3M | $-4.1M | ||
| Q2 25 | $27.7M | $-14.7M | ||
| Q1 25 | $184.7M | $1.1M | ||
| Q4 24 | $-73.8M | $22.1M | ||
| Q3 24 | $138.8M | $14.6M | ||
| Q2 24 | $111.0M | $-284.0K |
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 14.3% | ||
| Q3 25 | 160.9% | -2.1% | ||
| Q2 25 | 14.1% | -7.9% | ||
| Q1 25 | 67.2% | 0.7% | ||
| Q4 24 | -40.4% | 12.8% | ||
| Q3 24 | 77.3% | 8.0% | ||
| Q2 24 | 58.8% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 3.4% | ||
| Q3 25 | 1.8% | 4.4% | ||
| Q2 25 | 1.4% | 2.9% | ||
| Q1 25 | 1.3% | 2.8% | ||
| Q4 24 | 1.1% | 2.1% | ||
| Q3 24 | 2.4% | 2.6% | ||
| Q2 24 | 1.2% | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 8.55× | ||
| Q3 25 | 7.83× | 0.34× | ||
| Q2 25 | 0.72× | -3.07× | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | 4.96× | ||
| Q3 24 | 4.27× | 3.02× | ||
| Q2 24 | 2.52× | 0.71× |
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% |
MG
Segment breakdown not available.
