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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($173.1M vs $105.1M, roughly 1.6× OLAPLEX HOLDINGS, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs -12.5%, a 32.8% gap on every dollar of revenue. On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs -0.2%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $32.6M). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% 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.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
CASH vs OLPX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $105.1M |
| Net Profit | $35.2M | $-13.1M |
| Gross Margin | — | 68.0% |
| Operating Margin | 24.6% | -4.3% |
| Net Margin | 20.3% | -12.5% |
| Revenue YoY | -0.2% | 4.3% |
| Net Profit YoY | 11.9% | -48.9% |
| EPS (diluted) | $1.57 | $-0.02 |
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 | $105.1M | ||
| Q3 25 | $186.7M | $114.6M | ||
| Q2 25 | $195.8M | $106.3M | ||
| Q1 25 | $274.8M | $97.0M | ||
| Q4 24 | $182.6M | $100.7M | ||
| Q3 24 | $179.5M | $119.1M | ||
| Q2 24 | $188.6M | $103.9M | ||
| Q1 24 | $257.6M | $98.9M |
| Q4 25 | $35.2M | $-13.1M | ||
| Q3 25 | $38.8M | $11.1M | ||
| Q2 25 | $42.1M | $-7.7M | ||
| Q1 25 | $75.0M | $465.0K | ||
| Q4 24 | $30.0M | $-8.8M | ||
| Q3 24 | $33.5M | $14.8M | ||
| Q2 24 | $44.9M | $5.8M | ||
| Q1 24 | $69.9M | $7.7M |
| Q4 25 | — | 68.0% | ||
| Q3 25 | — | 69.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 69.5% | ||
| Q4 24 | — | 66.3% | ||
| Q3 24 | — | 68.6% | ||
| Q2 24 | — | 69.7% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | 24.6% | -4.3% | ||
| Q3 25 | 25.9% | 3.7% | ||
| Q2 25 | 24.1% | -1.1% | ||
| Q1 25 | 33.2% | 8.7% | ||
| Q4 24 | 19.8% | 3.0% | ||
| Q3 24 | 20.9% | 23.5% | ||
| Q2 24 | 27.1% | 15.7% | ||
| Q1 24 | 33.8% | 19.8% |
| Q4 25 | 20.3% | -12.5% | ||
| Q3 25 | 20.8% | 9.7% | ||
| Q2 25 | 21.5% | -7.3% | ||
| Q1 25 | 27.3% | 0.5% | ||
| Q4 24 | 16.4% | -8.7% | ||
| Q3 24 | 18.7% | 12.4% | ||
| Q2 24 | 23.8% | 5.6% | ||
| Q1 24 | 27.1% | 7.8% |
| Q4 25 | $1.57 | $-0.02 | ||
| Q3 25 | $1.69 | $0.02 | ||
| Q2 25 | $1.81 | $-0.01 | ||
| Q1 25 | $3.14 | $0.00 | ||
| Q4 24 | $1.23 | $-0.01 | ||
| Q3 24 | $1.34 | $0.02 | ||
| Q2 24 | $1.78 | $0.01 | ||
| Q1 24 | $2.74 | $0.01 |
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 | $318.7M |
| Total DebtLower is stronger | $33.5M | $352.3M |
| Stockholders' EquityBook value | $854.5M | $879.4M |
| Total Assets | $7.6B | $1.5B |
| Debt / EquityLower = less leverage | 0.04× | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $331.2M | $318.7M | ||
| Q3 25 | $120.6M | $286.4M | ||
| Q2 25 | $258.3M | $289.3M | ||
| Q1 25 | $254.2M | $580.9M | ||
| Q4 24 | $597.4M | $586.0M | ||
| Q3 24 | $158.3M | $538.8M | ||
| Q2 24 | $298.9M | $507.9M | ||
| Q1 24 | $347.9M | $507.5M |
| Q4 25 | $33.5M | $352.3M | ||
| Q3 25 | $33.5M | $352.1M | ||
| Q2 25 | $33.4M | $351.9M | ||
| Q1 25 | $33.4M | $649.1M | ||
| Q4 24 | $33.4M | $650.5M | ||
| Q3 24 | $33.4M | $651.8M | ||
| Q2 24 | $33.3M | $653.1M | ||
| Q1 24 | $33.4M | $654.4M |
| Q4 25 | $854.5M | $879.4M | ||
| Q3 25 | $858.0M | $888.7M | ||
| Q2 25 | $819.0M | $874.2M | ||
| Q1 25 | $814.7M | $878.3M | ||
| Q4 24 | $758.3M | $874.4M | ||
| Q3 24 | $822.5M | $879.7M | ||
| Q2 24 | $748.4M | $863.3M | ||
| Q1 24 | $719.5M | $855.7M |
| Q4 25 | $7.6B | $1.5B | ||
| Q3 25 | $7.2B | $1.5B | ||
| Q2 25 | $7.2B | $1.5B | ||
| Q1 25 | $7.0B | $1.8B | ||
| Q4 24 | $7.6B | $1.8B | ||
| Q3 24 | $7.5B | $1.8B | ||
| Q2 24 | $7.5B | $1.8B | ||
| Q1 24 | $7.4B | $1.8B |
| Q4 25 | 0.04× | 0.40× | ||
| Q3 25 | 0.04× | 0.40× | ||
| Q2 25 | 0.04× | 0.40× | ||
| Q1 25 | 0.04× | 0.74× | ||
| Q4 24 | 0.04× | 0.74× | ||
| Q3 24 | 0.04× | 0.74× | ||
| Q2 24 | 0.04× | 0.76× | ||
| Q1 24 | 0.05× | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | $104.1M | $32.6M |
| FCF MarginFCF / Revenue | 60.1% | 31.0% |
| Capex IntensityCapex / Revenue | 2.4% | 0.1% |
| Cash ConversionOCF / Net Profit | 3.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.3M | $32.7M | ||
| Q3 25 | $303.7M | $8.0M | ||
| Q2 25 | $30.4M | $20.9M | ||
| Q1 25 | $188.3M | $-2.9M | ||
| Q4 24 | $-71.7M | $49.7M | ||
| Q3 24 | $143.1M | $33.5M | ||
| Q2 24 | $113.2M | $16.2M | ||
| Q1 24 | $203.0M | $43.7M |
| Q4 25 | $104.1M | $32.6M | ||
| Q3 25 | $300.3M | $7.9M | ||
| Q2 25 | $27.7M | $20.8M | ||
| Q1 25 | $184.7M | $-3.0M | ||
| Q4 24 | $-73.8M | $49.2M | ||
| Q3 24 | $138.8M | $33.3M | ||
| Q2 24 | $111.0M | $16.1M | ||
| Q1 24 | $201.3M | $43.3M |
| Q4 25 | 60.1% | 31.0% | ||
| Q3 25 | 160.9% | 6.9% | ||
| Q2 25 | 14.1% | 19.6% | ||
| Q1 25 | 67.2% | -3.1% | ||
| Q4 24 | -40.4% | 48.9% | ||
| Q3 24 | 77.3% | 28.0% | ||
| Q2 24 | 58.8% | 15.5% | ||
| Q1 24 | 78.1% | 43.7% |
| Q4 25 | 2.4% | 0.1% | ||
| Q3 25 | 1.8% | 0.1% | ||
| Q2 25 | 1.4% | 0.1% | ||
| Q1 25 | 1.3% | 0.0% | ||
| Q4 24 | 1.1% | 0.4% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 1.2% | 0.1% | ||
| Q1 24 | 0.7% | 0.5% |
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | 0.72× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 2.51× | -6.27× | ||
| Q4 24 | -2.39× | — | ||
| Q3 24 | 4.27× | 2.26× | ||
| Q2 24 | 2.52× | 2.81× | ||
| Q1 24 | 2.90× | 5.64× |
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% |
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
