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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($276.3M vs $242.1M, roughly 1.1× ONESPAWORLD HOLDINGS Ltd). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs 5.0%, a 21.4% gap on every dollar of revenue. Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs 7.1%).
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.
CASH vs OSW — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $276.3M | $242.1M |
| Net Profit | $72.9M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | — | 6.8% |
| Net Margin | 26.4% | 5.0% |
| Revenue YoY | — | 11.5% |
| Net Profit YoY | — | -16.2% |
| 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 | $242.1M | ||
| Q3 25 | $186.7M | $258.5M | ||
| Q2 25 | $195.8M | $240.7M | ||
| Q1 25 | $274.8M | $219.6M | ||
| Q4 24 | $182.6M | $217.2M | ||
| Q3 24 | $179.5M | $241.7M | ||
| Q2 24 | $188.6M | $224.9M |
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $12.1M | ||
| Q3 25 | $38.8M | $24.3M | ||
| Q2 25 | $42.1M | $19.9M | ||
| Q1 25 | $75.0M | $15.3M | ||
| Q4 24 | $30.0M | $14.4M | ||
| Q3 24 | $33.5M | $21.6M | ||
| Q2 24 | $44.9M | $15.8M |
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 6.8% | ||
| Q3 25 | 25.9% | 10.2% | ||
| Q2 25 | 24.1% | 9.2% | ||
| Q1 25 | 33.2% | 7.7% | ||
| Q4 24 | 19.8% | 7.9% | ||
| Q3 24 | 20.9% | 10.3% | ||
| Q2 24 | 27.1% | 8.4% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 5.0% | ||
| Q3 25 | 20.8% | 9.4% | ||
| Q2 25 | 21.5% | 8.3% | ||
| Q1 25 | 27.3% | 7.0% | ||
| Q4 24 | 16.4% | 6.6% | ||
| Q3 24 | 18.7% | 8.9% | ||
| Q2 24 | 23.8% | 7.0% |
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $0.12 | ||
| Q3 25 | $1.69 | $0.23 | ||
| Q2 25 | $1.81 | $0.19 | ||
| Q1 25 | $3.14 | $0.15 | ||
| Q4 24 | $1.23 | $0.13 | ||
| Q3 24 | $1.34 | $0.20 | ||
| Q2 24 | $1.78 | $0.15 |
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 | $16.3M |
| Total DebtLower is stronger | $59.5M | $84.0M |
| Stockholders' EquityBook value | $850.7M | $542.6M |
| Total Assets | $7.1B | $707.1M |
| Debt / EquityLower = less leverage | 0.07× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $16.3M | ||
| Q3 25 | $120.6M | $29.6M | ||
| Q2 25 | $258.3M | $35.0M | ||
| Q1 25 | $254.2M | $22.6M | ||
| Q4 24 | $597.4M | $57.4M | ||
| Q3 24 | $158.3M | $48.8M | ||
| Q2 24 | $298.9M | $62.5M |
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $84.0M | ||
| Q3 25 | $33.5M | $85.2M | ||
| Q2 25 | $33.4M | $96.2M | ||
| Q1 25 | $33.4M | $97.4M | ||
| Q4 24 | $33.4M | $98.6M | ||
| Q3 24 | $33.4M | $98.7M | ||
| Q2 24 | $33.3M | $123.8M |
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $542.6M | ||
| Q3 25 | $858.0M | $552.8M | ||
| Q2 25 | $819.0M | $548.3M | ||
| Q1 25 | $814.7M | $530.6M | ||
| Q4 24 | $758.3M | $554.5M | ||
| Q3 24 | $822.5M | $540.1M | ||
| Q2 24 | $748.4M | $532.7M |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $707.1M | ||
| Q3 25 | $7.2B | $732.6M | ||
| Q2 25 | $7.2B | $731.8M | ||
| Q1 25 | $7.0B | $708.7M | ||
| Q4 24 | $7.6B | $746.4M | ||
| Q3 24 | $7.5B | $734.0M | ||
| Q2 24 | $7.5B | $756.8M |
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.15× | ||
| Q3 25 | 0.04× | 0.15× | ||
| Q2 25 | 0.04× | 0.18× | ||
| Q1 25 | 0.04× | 0.18× | ||
| Q4 24 | 0.04× | 0.18× | ||
| Q3 24 | 0.04× | 0.18× | ||
| Q2 24 | 0.04× | 0.23× |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $20.0M | ||
| Q3 25 | $303.7M | $33.2M | ||
| Q2 25 | $30.4M | $20.3M | ||
| Q1 25 | $188.3M | $10.1M | ||
| Q4 24 | $-71.7M | $16.6M | ||
| Q3 24 | $143.1M | $28.6M | ||
| Q2 24 | $113.2M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $14.9M | ||
| Q3 25 | $300.3M | $27.6M | ||
| Q2 25 | $27.7M | $17.6M | ||
| Q1 25 | $184.7M | $8.4M | ||
| Q4 24 | $-73.8M | $13.2M | ||
| Q3 24 | $138.8M | $27.5M | ||
| Q2 24 | $111.0M | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 6.2% | ||
| Q3 25 | 160.9% | 10.7% | ||
| Q2 25 | 14.1% | 7.3% | ||
| Q1 25 | 67.2% | 3.8% | ||
| Q4 24 | -40.4% | 6.1% | ||
| Q3 24 | 77.3% | 11.4% | ||
| Q2 24 | 58.8% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 2.1% | ||
| Q3 25 | 1.8% | 2.2% | ||
| Q2 25 | 1.4% | 1.1% | ||
| Q1 25 | 1.3% | 0.8% | ||
| Q4 24 | 1.1% | 1.5% | ||
| Q3 24 | 2.4% | 0.5% | ||
| Q2 24 | 1.2% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 1.65× | ||
| Q3 25 | 7.83× | 1.36× | ||
| Q2 25 | 0.72× | 1.02× | ||
| Q1 25 | 2.51× | 0.66× | ||
| Q4 24 | -2.39× | 1.15× | ||
| Q3 24 | 4.27× | 1.33× | ||
| Q2 24 | 2.52× | 1.19× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
