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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($276.3M vs $207.0M, roughly 1.3× ONE Group Hospitality, Inc.). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs -3.1%, a 29.5% gap on every dollar of revenue. Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs 21.0%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
CASH vs STKS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $276.3M | $207.0M |
| Net Profit | $72.9M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | — | 2.2% |
| Net Margin | 26.4% | -3.1% |
| Revenue YoY | — | -6.7% |
| Net Profit YoY | — | -531.8% |
| EPS (diluted) | $3.35 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $186.7M | $180.2M | ||
| Q2 25 | $195.8M | $207.4M | ||
| Q1 25 | $274.8M | $211.1M | ||
| Q4 24 | $182.6M | $221.9M | ||
| Q3 24 | $179.5M | $194.0M | ||
| Q2 24 | $188.6M | $172.5M |
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $-6.4M | ||
| Q3 25 | $38.8M | $-76.7M | ||
| Q2 25 | $42.1M | $-10.1M | ||
| Q1 25 | $75.0M | $975.0K | ||
| Q4 24 | $30.0M | $1.5M | ||
| Q3 24 | $33.5M | $-9.3M | ||
| Q2 24 | $44.9M | $-7.3M |
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 2.2% | ||
| Q3 25 | 25.9% | -4.4% | ||
| Q2 25 | 24.1% | 0.3% | ||
| Q1 25 | 33.2% | 5.1% | ||
| Q4 24 | 19.8% | 5.5% | ||
| Q3 24 | 20.9% | -1.9% | ||
| Q2 24 | 27.1% | 0.6% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | -3.1% | ||
| Q3 25 | 20.8% | -42.6% | ||
| Q2 25 | 21.5% | -4.9% | ||
| Q1 25 | 27.3% | 0.5% | ||
| Q4 24 | 16.4% | 0.7% | ||
| Q3 24 | 18.7% | -4.8% | ||
| Q2 24 | 23.8% | -4.3% |
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $-0.50 | ||
| Q3 25 | $1.69 | $-2.75 | ||
| Q2 25 | $1.81 | $-0.59 | ||
| Q1 25 | $3.14 | $-0.21 | ||
| Q4 24 | $1.23 | $-0.18 | ||
| Q3 24 | $1.34 | $-0.53 | ||
| Q2 24 | $1.78 | $-0.38 |
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 | $4.2M |
| Total DebtLower is stronger | $59.5M | $354.2M |
| Stockholders' EquityBook value | $850.7M | $-75.8M |
| Total Assets | $7.1B | $884.2M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $4.2M | ||
| Q3 25 | $120.6M | $5.5M | ||
| Q2 25 | $258.3M | $4.7M | ||
| Q1 25 | $254.2M | $21.4M | ||
| Q4 24 | $597.4M | $27.6M | ||
| Q3 24 | $158.3M | $28.2M | ||
| Q2 24 | $298.9M | $32.2M |
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $354.2M | ||
| Q3 25 | $33.5M | $355.0M | ||
| Q2 25 | $33.4M | $347.4M | ||
| Q1 25 | $33.4M | $348.3M | ||
| Q4 24 | $33.4M | $348.3M | ||
| Q3 24 | $33.4M | $349.1M | ||
| Q2 24 | $33.3M | $350.0M |
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $-75.8M | ||
| Q3 25 | $858.0M | $-61.5M | ||
| Q2 25 | $819.0M | $23.0M | ||
| Q1 25 | $814.7M | $40.5M | ||
| Q4 24 | $758.3M | $45.9M | ||
| Q3 24 | $822.5M | $51.4M | ||
| Q2 24 | $748.4M | $68.1M |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $884.2M | ||
| Q3 25 | $7.2B | $879.5M | ||
| Q2 25 | $7.2B | $935.7M | ||
| Q1 25 | $7.0B | $956.0M | ||
| Q4 24 | $7.6B | $960.1M | ||
| Q3 24 | $7.5B | $953.5M | ||
| Q2 24 | $7.5B | $945.9M |
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | 15.07× | ||
| Q1 25 | 0.04× | 8.61× | ||
| Q4 24 | 0.04× | 7.59× | ||
| Q3 24 | 0.04× | 6.79× | ||
| Q2 24 | 0.04× | 5.14× |
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 | — | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $13.1M | ||
| Q3 25 | $303.7M | $5.9M | ||
| Q2 25 | $30.4M | $2.8M | ||
| Q1 25 | $188.3M | $8.5M | ||
| Q4 24 | $-71.7M | $18.5M | ||
| Q3 24 | $143.1M | $19.1M | ||
| Q2 24 | $113.2M | $-3.8M |
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $-329.0K | ||
| Q3 25 | $300.3M | $-6.1M | ||
| Q2 25 | $27.7M | $-15.0M | ||
| Q1 25 | $184.7M | $-5.8M | ||
| Q4 24 | $-73.8M | $733.0K | ||
| Q3 24 | $138.8M | $287.0K | ||
| Q2 24 | $111.0M | $-23.0M |
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | -0.2% | ||
| Q3 25 | 160.9% | -3.4% | ||
| Q2 25 | 14.1% | -7.2% | ||
| Q1 25 | 67.2% | -2.7% | ||
| Q4 24 | -40.4% | 0.3% | ||
| Q3 24 | 77.3% | 0.1% | ||
| Q2 24 | 58.8% | -13.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 6.5% | ||
| Q3 25 | 1.8% | 6.7% | ||
| Q2 25 | 1.4% | 8.6% | ||
| Q1 25 | 1.3% | 6.8% | ||
| Q4 24 | 1.1% | 8.0% | ||
| Q3 24 | 2.4% | 9.7% | ||
| Q2 24 | 1.2% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 2.51× | 8.76× | ||
| Q4 24 | -2.39× | 12.54× | ||
| Q3 24 | 4.27× | — | ||
| Q2 24 | 2.52× | — |
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% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
