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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and RADIANT LOGISTICS, INC (RLGT). Click either name above to swap in a different company.
RADIANT LOGISTICS, INC is the larger business by last-quarter revenue ($232.1M vs $173.1M, roughly 1.3× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs 2.3%, a 18.0% gap on every dollar of revenue. On growth, PATHWARD FINANCIAL, INC. posted the faster year-over-year revenue change (-0.2% vs -12.3%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $11.6M). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% 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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
CASH vs RLGT — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $232.1M |
| Net Profit | $35.2M | $5.3M |
| Gross Margin | — | — |
| Operating Margin | 24.6% | 3.2% |
| Net Margin | 20.3% | 2.3% |
| Revenue YoY | -0.2% | -12.3% |
| Net Profit YoY | 11.9% | -18.0% |
| EPS (diluted) | $1.57 | $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.
| Q4 25 | $173.1M | $232.1M | ||
| Q3 25 | $186.7M | $226.7M | ||
| Q2 25 | $195.8M | $220.6M | ||
| Q1 25 | $274.8M | $214.0M | ||
| Q4 24 | $182.6M | $264.5M | ||
| Q3 24 | $179.5M | $203.6M | ||
| Q2 24 | $188.6M | $206.0M | ||
| Q1 24 | $257.6M | $184.6M |
| Q4 25 | $35.2M | $5.3M | ||
| Q3 25 | $38.8M | $1.3M | ||
| Q2 25 | $42.1M | $4.9M | ||
| Q1 25 | $75.0M | $2.5M | ||
| Q4 24 | $30.0M | $6.5M | ||
| Q3 24 | $33.5M | $3.4M | ||
| Q2 24 | $44.9M | $4.8M | ||
| Q1 24 | $69.9M | $-703.0K |
| Q4 25 | 24.6% | 3.2% | ||
| Q3 25 | 25.9% | 0.9% | ||
| Q2 25 | 24.1% | 2.4% | ||
| Q1 25 | 33.2% | 1.6% | ||
| Q4 24 | 19.8% | 3.3% | ||
| Q3 24 | 20.9% | 1.9% | ||
| Q2 24 | 27.1% | 2.4% | ||
| Q1 24 | 33.8% | -0.5% |
| Q4 25 | 20.3% | 2.3% | ||
| Q3 25 | 20.8% | 0.6% | ||
| Q2 25 | 21.5% | 2.2% | ||
| Q1 25 | 27.3% | 1.2% | ||
| Q4 24 | 16.4% | 2.4% | ||
| Q3 24 | 18.7% | 1.7% | ||
| Q2 24 | 23.8% | 2.3% | ||
| Q1 24 | 27.1% | -0.4% |
| Q4 25 | $1.57 | $0.11 | ||
| Q3 25 | $1.69 | $0.03 | ||
| Q2 25 | $1.81 | $0.10 | ||
| Q1 25 | $3.14 | $0.05 | ||
| Q4 24 | $1.23 | $0.13 | ||
| Q3 24 | $1.34 | $0.07 | ||
| Q2 24 | $1.78 | $0.11 | ||
| Q1 24 | $2.74 | $-0.02 |
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 | $31.9M |
| Total DebtLower is stronger | $33.5M | — |
| Stockholders' EquityBook value | $854.5M | $229.8M |
| Total Assets | $7.6B | $439.4M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $331.2M | $31.9M | ||
| Q3 25 | $120.6M | $28.1M | ||
| Q2 25 | $258.3M | $22.9M | ||
| Q1 25 | $254.2M | $19.0M | ||
| Q4 24 | $597.4M | $19.9M | ||
| Q3 24 | $158.3M | $10.4M | ||
| Q2 24 | $298.9M | $24.9M | ||
| Q1 24 | $347.9M | $31.2M |
| 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 24 | $33.4M | — |
| Q4 25 | $854.5M | $229.8M | ||
| Q3 25 | $858.0M | $225.7M | ||
| Q2 25 | $819.0M | $226.0M | ||
| Q1 25 | $814.7M | $218.2M | ||
| Q4 24 | $758.3M | $214.4M | ||
| Q3 24 | $822.5M | $212.4M | ||
| Q2 24 | $748.4M | $209.4M | ||
| Q1 24 | $719.5M | $206.0M |
| Q4 25 | $7.6B | $439.4M | ||
| Q3 25 | $7.2B | $445.3M | ||
| Q2 25 | $7.2B | $426.8M | ||
| Q1 25 | $7.0B | $414.5M | ||
| Q4 24 | $7.6B | $386.8M | ||
| Q3 24 | $7.5B | $375.3M | ||
| Q2 24 | $7.5B | $371.2M | ||
| Q1 24 | $7.4B | $364.0M |
| 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× | — | ||
| 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 | $12.4M |
| Free Cash FlowOCF − Capex | $104.1M | $11.6M |
| FCF MarginFCF / Revenue | 60.1% | 5.0% |
| Capex IntensityCapex / Revenue | 2.4% | 0.3% |
| Cash ConversionOCF / Net Profit | 3.08× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.3M | $12.4M | ||
| Q3 25 | $303.7M | $2.5M | ||
| Q2 25 | $30.4M | $3.1M | ||
| Q1 25 | $188.3M | $-5.7M | ||
| Q4 24 | $-71.7M | $15.7M | ||
| Q3 24 | $143.1M | $205.0K | ||
| Q2 24 | $113.2M | $1.3M | ||
| Q1 24 | $203.0M | $3.9M |
| Q4 25 | $104.1M | $11.6M | ||
| Q3 25 | $300.3M | $977.0K | ||
| Q2 25 | $27.7M | $2.2M | ||
| Q1 25 | $184.7M | $-6.4M | ||
| Q4 24 | $-73.8M | $14.1M | ||
| Q3 24 | $138.8M | $-1.9M | ||
| Q2 24 | $111.0M | $-185.0K | ||
| Q1 24 | $201.3M | $1.8M |
| Q4 25 | 60.1% | 5.0% | ||
| Q3 25 | 160.9% | 0.4% | ||
| Q2 25 | 14.1% | 1.0% | ||
| Q1 25 | 67.2% | -3.0% | ||
| Q4 24 | -40.4% | 5.3% | ||
| Q3 24 | 77.3% | -0.9% | ||
| Q2 24 | 58.8% | -0.1% | ||
| Q1 24 | 78.1% | 1.0% |
| Q4 25 | 2.4% | 0.3% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 1.4% | 0.4% | ||
| Q1 25 | 1.3% | 0.3% | ||
| Q4 24 | 1.1% | 0.6% | ||
| Q3 24 | 2.4% | 1.0% | ||
| Q2 24 | 1.2% | 0.7% | ||
| Q1 24 | 0.7% | 1.2% |
| Q4 25 | 3.08× | 2.33× | ||
| Q3 25 | 7.83× | 1.90× | ||
| Q2 25 | 0.72× | 0.63× | ||
| Q1 25 | 2.51× | -2.26× | ||
| Q4 24 | -2.39× | 2.43× | ||
| Q3 24 | 4.27× | 0.06× | ||
| Q2 24 | 2.52× | 0.26× | ||
| Q1 24 | 2.90× | — |
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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
