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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($173.1M vs $91.6M, roughly 1.9× SHENANDOAH TELECOMMUNICATIONS CO). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs -5.9%, a 26.2% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -0.2%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% 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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
CASH vs SHEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $91.6M |
| Net Profit | $35.2M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | 24.6% | -1.0% |
| Net Margin | 20.3% | -5.9% |
| Revenue YoY | -0.2% | 7.2% |
| Net Profit YoY | 11.9% | -95.8% |
| EPS (diluted) | $1.57 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $186.7M | $89.8M | ||
| Q2 25 | $195.8M | $88.6M | ||
| Q1 25 | $274.8M | $87.9M | ||
| Q4 24 | $182.6M | $85.4M | ||
| Q3 24 | $179.5M | $87.6M | ||
| Q2 24 | $188.6M | $85.8M | ||
| Q1 24 | $257.6M | $69.2M |
| Q4 25 | $35.2M | $-5.4M | ||
| Q3 25 | $38.8M | $-9.4M | ||
| Q2 25 | $42.1M | $-9.0M | ||
| Q1 25 | $75.0M | $-9.1M | ||
| Q4 24 | $30.0M | $-2.7M | ||
| Q3 24 | $33.5M | $-5.3M | ||
| Q2 24 | $44.9M | $-12.9M | ||
| Q1 24 | $69.9M | $214.7M |
| Q4 25 | 24.6% | -1.0% | ||
| Q3 25 | 25.9% | -8.0% | ||
| Q2 25 | 24.1% | -10.3% | ||
| Q1 25 | 33.2% | -6.9% | ||
| Q4 24 | 19.8% | -6.7% | ||
| Q3 24 | 20.9% | -4.8% | ||
| Q2 24 | 27.1% | -18.5% | ||
| Q1 24 | 33.8% | -4.0% |
| Q4 25 | 20.3% | -5.9% | ||
| Q3 25 | 20.8% | -10.5% | ||
| Q2 25 | 21.5% | -10.2% | ||
| Q1 25 | 27.3% | -10.4% | ||
| Q4 24 | 16.4% | -3.2% | ||
| Q3 24 | 18.7% | -6.0% | ||
| Q2 24 | 23.8% | -15.0% | ||
| Q1 24 | 27.1% | 310.0% |
| Q4 25 | $1.57 | $-0.13 | ||
| Q3 25 | $1.69 | $-0.20 | ||
| Q2 25 | $1.81 | $-0.19 | ||
| Q1 25 | $3.14 | $-0.19 | ||
| Q4 24 | $1.23 | $-0.34 | ||
| Q3 24 | $1.34 | $-0.13 | ||
| Q2 24 | $1.78 | $-0.24 | ||
| Q1 24 | $2.74 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | $33.5M | $642.4M |
| Stockholders' EquityBook value | $854.5M | $880.8M |
| Total Assets | $7.6B | $1.9B |
| Debt / EquityLower = less leverage | 0.04× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $331.2M | $27.3M | ||
| Q3 25 | $120.6M | $22.6M | ||
| Q2 25 | $258.3M | $29.1M | ||
| Q1 25 | $254.2M | $87.5M | ||
| Q4 24 | $597.4M | $46.3M | ||
| Q3 24 | $158.3M | $43.1M | ||
| Q2 24 | $298.9M | $43.8M | ||
| Q1 24 | $347.9M | $389.7M |
| Q4 25 | $33.5M | $642.4M | ||
| Q3 25 | $33.5M | $535.4M | ||
| Q2 25 | $33.4M | $513.1M | ||
| Q1 25 | $33.4M | $515.8M | ||
| Q4 24 | $33.4M | $418.0M | ||
| Q3 24 | $33.4M | $345.2M | ||
| Q2 24 | $33.3M | $297.4M | ||
| Q1 24 | $33.4M | $298.7M |
| Q4 25 | $854.5M | $880.8M | ||
| Q3 25 | $858.0M | $892.7M | ||
| Q2 25 | $819.0M | $902.0M | ||
| Q1 25 | $814.7M | $910.5M | ||
| Q4 24 | $758.3M | $918.6M | ||
| Q3 24 | $822.5M | $925.4M | ||
| Q2 24 | $748.4M | $933.1M | ||
| Q1 24 | $719.5M | $871.6M |
| Q4 25 | $7.6B | $1.9B | ||
| Q3 25 | $7.2B | $1.9B | ||
| Q2 25 | $7.2B | $1.8B | ||
| Q1 25 | $7.0B | $1.8B | ||
| Q4 24 | $7.6B | $1.7B | ||
| Q3 24 | $7.5B | $1.7B | ||
| Q2 24 | $7.5B | $1.7B | ||
| Q1 24 | $7.4B | $1.4B |
| Q4 25 | 0.04× | 0.73× | ||
| Q3 25 | 0.04× | 0.60× | ||
| Q2 25 | 0.04× | 0.57× | ||
| Q1 25 | 0.04× | 0.57× | ||
| Q4 24 | 0.04× | 0.46× | ||
| Q3 24 | 0.04× | 0.37× | ||
| Q2 24 | 0.04× | 0.32× | ||
| Q1 24 | 0.05× | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | $104.1M | $-78.6M |
| FCF MarginFCF / Revenue | 60.1% | -85.8% |
| Capex IntensityCapex / Revenue | 2.4% | 117.2% |
| Cash ConversionOCF / Net Profit | 3.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.3M | $28.8M | ||
| Q3 25 | $303.7M | $30.7M | ||
| Q2 25 | $30.4M | $20.9M | ||
| Q1 25 | $188.3M | $20.5M | ||
| Q4 24 | $-71.7M | $20.6M | ||
| Q3 24 | $143.1M | $24.3M | ||
| Q2 24 | $113.2M | $2.5M | ||
| Q1 24 | $203.0M | $15.2M |
| Q4 25 | $104.1M | $-78.6M | ||
| Q3 25 | $300.3M | $-51.4M | ||
| Q2 25 | $27.7M | $-65.3M | ||
| Q1 25 | $184.7M | $-62.7M | ||
| Q4 24 | $-73.8M | $-72.0M | ||
| Q3 24 | $138.8M | $-51.3M | ||
| Q2 24 | $111.0M | $-78.3M | ||
| Q1 24 | $201.3M | $-54.9M |
| Q4 25 | 60.1% | -85.8% | ||
| Q3 25 | 160.9% | -57.2% | ||
| Q2 25 | 14.1% | -73.7% | ||
| Q1 25 | 67.2% | -71.3% | ||
| Q4 24 | -40.4% | -84.3% | ||
| Q3 24 | 77.3% | -58.5% | ||
| Q2 24 | 58.8% | -91.3% | ||
| Q1 24 | 78.1% | -79.3% |
| Q4 25 | 2.4% | 117.2% | ||
| Q3 25 | 1.8% | 91.4% | ||
| Q2 25 | 1.4% | 97.3% | ||
| Q1 25 | 1.3% | 94.7% | ||
| Q4 24 | 1.1% | 108.4% | ||
| Q3 24 | 2.4% | 86.2% | ||
| Q2 24 | 1.2% | 94.2% | ||
| Q1 24 | 0.7% | 101.2% |
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | — | ||
| Q3 24 | 4.27× | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 2.90× | 0.07× |
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% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
