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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($173.1M vs $88.4M, roughly 2.0× OPAL Fuels Inc.). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs 18.3%, a 2.0% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs -0.2%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% 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.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
CASH vs OPAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $88.4M |
| Net Profit | $35.2M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 24.6% | 7.5% |
| Net Margin | 20.3% | 18.3% |
| Revenue YoY | -0.2% | 18.7% |
| Net Profit YoY | 11.9% | 401.5% |
| EPS (diluted) | $1.57 | $0.08 |
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 | $88.4M | ||
| Q3 25 | $186.7M | $77.9M | ||
| Q2 25 | $195.8M | $77.4M | ||
| Q1 25 | $274.8M | $83.0M | ||
| Q4 24 | $182.6M | $74.5M | ||
| Q3 24 | $179.5M | $82.6M | ||
| Q2 24 | $188.6M | $69.8M | ||
| Q1 24 | $257.6M | $64.0M |
| Q4 25 | $35.2M | $16.2M | ||
| Q3 25 | $38.8M | $11.4M | ||
| Q2 25 | $42.1M | $7.6M | ||
| Q1 25 | $75.0M | $1.3M | ||
| Q4 24 | $30.0M | $-5.4M | ||
| Q3 24 | $33.5M | $17.1M | ||
| Q2 24 | $44.9M | $1.9M | ||
| Q1 24 | $69.9M | $677.0K |
| Q4 25 | 24.6% | 7.5% | ||
| Q3 25 | 25.9% | 4.6% | ||
| Q2 25 | 24.1% | -1.1% | ||
| Q1 25 | 33.2% | -2.3% | ||
| Q4 24 | 19.8% | -0.5% | ||
| Q3 24 | 20.9% | 14.9% | ||
| Q2 24 | 27.1% | 8.1% | ||
| Q1 24 | 33.8% | 5.6% |
| Q4 25 | 20.3% | 18.3% | ||
| Q3 25 | 20.8% | 14.6% | ||
| Q2 25 | 21.5% | 9.8% | ||
| Q1 25 | 27.3% | 1.5% | ||
| Q4 24 | 16.4% | -7.2% | ||
| Q3 24 | 18.7% | 20.7% | ||
| Q2 24 | 23.8% | 2.7% | ||
| Q1 24 | 27.1% | 1.1% |
| Q4 25 | $1.57 | $0.08 | ||
| Q3 25 | $1.69 | $0.05 | ||
| Q2 25 | $1.81 | $0.03 | ||
| Q1 25 | $3.14 | $-0.01 | ||
| Q4 24 | $1.23 | $-0.05 | ||
| Q3 24 | $1.34 | $0.09 | ||
| 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 | $24.4M |
| Total DebtLower is stronger | $33.5M | $361.3M |
| Stockholders' EquityBook value | $854.5M | $-12.9M |
| Total Assets | $7.6B | $959.5M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $331.2M | $24.4M | ||
| Q3 25 | $120.6M | $29.9M | ||
| Q2 25 | $258.3M | $29.3M | ||
| Q1 25 | $254.2M | $40.1M | ||
| Q4 24 | $597.4M | $24.3M | ||
| Q3 24 | $158.3M | $31.0M | ||
| Q2 24 | $298.9M | $27.6M | ||
| Q1 24 | $347.9M | $34.2M |
| Q4 25 | $33.5M | $361.3M | ||
| Q3 25 | $33.5M | $351.2M | ||
| Q2 25 | $33.4M | $331.6M | ||
| Q1 25 | $33.4M | $307.0M | ||
| Q4 24 | $33.4M | $307.5M | ||
| Q3 24 | $33.4M | $252.9M | ||
| Q2 24 | $33.3M | $233.3M | ||
| Q1 24 | $33.4M | $208.7M |
| Q4 25 | $854.5M | $-12.9M | ||
| Q3 25 | $858.0M | $7.5M | ||
| Q2 25 | $819.0M | $-25.0M | ||
| Q1 25 | $814.7M | $57.1M | ||
| Q4 24 | $758.3M | $-148.4M | ||
| Q3 24 | $822.5M | $-180.1M | ||
| Q2 24 | $748.4M | $-273.0M | ||
| Q1 24 | $719.5M | $-382.4M |
| Q4 25 | $7.6B | $959.5M | ||
| Q3 25 | $7.2B | $916.7M | ||
| Q2 25 | $7.2B | $905.5M | ||
| Q1 25 | $7.0B | $884.9M | ||
| Q4 24 | $7.6B | $881.1M | ||
| Q3 24 | $7.5B | $831.1M | ||
| Q2 24 | $7.5B | $782.3M | ||
| Q1 24 | $7.4B | $750.5M |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | 46.95× | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | 5.38× | ||
| 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 | $-3.5M |
| Free Cash FlowOCF − Capex | $104.1M | $-13.4M |
| FCF MarginFCF / Revenue | 60.1% | -15.1% |
| Capex IntensityCapex / Revenue | 2.4% | 11.1% |
| Cash ConversionOCF / Net Profit | 3.08× | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.3M | $-3.5M | ||
| Q3 25 | $303.7M | $18.2M | ||
| Q2 25 | $30.4M | $-7.9M | ||
| Q1 25 | $188.3M | $29.7M | ||
| Q4 24 | $-71.7M | $-532.0K | ||
| Q3 24 | $143.1M | $17.7M | ||
| Q2 24 | $113.2M | $533.0K | ||
| Q1 24 | $203.0M | $13.7M |
| Q4 25 | $104.1M | $-13.4M | ||
| Q3 25 | $300.3M | $-9.3M | ||
| Q2 25 | $27.7M | $-29.7M | ||
| Q1 25 | $184.7M | $18.1M | ||
| Q4 24 | $-73.8M | $-55.0M | ||
| Q3 24 | $138.8M | $-5.4M | ||
| Q2 24 | $111.0M | $-22.5M | ||
| Q1 24 | $201.3M | $-13.0M |
| Q4 25 | 60.1% | -15.1% | ||
| Q3 25 | 160.9% | -11.9% | ||
| Q2 25 | 14.1% | -38.4% | ||
| Q1 25 | 67.2% | 21.8% | ||
| Q4 24 | -40.4% | -73.8% | ||
| Q3 24 | 77.3% | -6.5% | ||
| Q2 24 | 58.8% | -32.2% | ||
| Q1 24 | 78.1% | -20.4% |
| Q4 25 | 2.4% | 11.1% | ||
| Q3 25 | 1.8% | 35.3% | ||
| Q2 25 | 1.4% | 28.2% | ||
| Q1 25 | 1.3% | 13.9% | ||
| Q4 24 | 1.1% | 73.1% | ||
| Q3 24 | 2.4% | 27.9% | ||
| Q2 24 | 1.2% | 32.9% | ||
| Q1 24 | 0.7% | 41.8% |
| Q4 25 | 3.08× | -0.22× | ||
| Q3 25 | 7.83× | 1.60× | ||
| Q2 25 | 0.72× | -1.04× | ||
| Q1 25 | 2.51× | 23.11× | ||
| Q4 24 | -2.39× | — | ||
| Q3 24 | 4.27× | 1.03× | ||
| Q2 24 | 2.52× | 0.28× | ||
| Q1 24 | 2.90× | 20.26× |
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% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
