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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($276.3M vs $210.5M, roughly 1.3× T1 Energy Inc.). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs -62.0%, a 88.4% gap on every dollar of revenue.
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
CASH vs TE — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $276.3M | $210.5M |
| Net Profit | $72.9M | $-130.6M |
| Gross Margin | — | 10.0% |
| Operating Margin | — | -45.0% |
| Net Margin | 26.4% | -62.0% |
| Revenue YoY | — | — |
| Net Profit YoY | — | -375.2% |
| EPS (diluted) | $3.35 | $-0.87 |
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 | — | ||
| Q3 25 | $186.7M | $210.5M | ||
| Q2 25 | $195.8M | $132.8M | ||
| Q1 25 | $274.8M | $53.5M | ||
| Q4 24 | $182.6M | — | ||
| Q3 24 | $179.5M | $0 | ||
| Q2 24 | $188.6M | $0 |
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | — | ||
| Q3 25 | $38.8M | $-130.6M | ||
| Q2 25 | $42.1M | $-31.9M | ||
| Q1 25 | $75.0M | $-16.2M | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $33.5M | $-27.5M | ||
| Q2 24 | $44.9M | $-27.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | — | ||
| Q3 25 | 25.9% | -45.0% | ||
| Q2 25 | 24.1% | -22.0% | ||
| Q1 25 | 33.2% | -44.2% | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 20.9% | — | ||
| Q2 24 | 27.1% | — |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | — | ||
| Q3 25 | 20.8% | -62.0% | ||
| Q2 25 | 21.5% | -24.0% | ||
| Q1 25 | 27.3% | -30.4% | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 18.7% | — | ||
| Q2 24 | 23.8% | — |
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | — | ||
| Q3 25 | $1.69 | $-0.87 | ||
| Q2 25 | $1.81 | $-0.21 | ||
| Q1 25 | $3.14 | $-0.11 | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $1.34 | $-0.20 | ||
| Q2 24 | $1.78 | $-0.19 |
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 | $34.1M |
| Total DebtLower is stronger | $59.5M | $547.3M |
| Stockholders' EquityBook value | $850.7M | $96.9M |
| Total Assets | $7.1B | $1.4B |
| Debt / EquityLower = less leverage | 0.07× | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | — | ||
| Q3 25 | $120.6M | $34.1M | ||
| Q2 25 | $258.3M | $8.5M | ||
| Q1 25 | $254.2M | $48.9M | ||
| Q4 24 | $597.4M | — | ||
| Q3 24 | $158.3M | $181.9M | ||
| Q2 24 | $298.9M | $219.6M |
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | — | ||
| Q3 25 | $33.5M | $547.3M | ||
| Q2 25 | $33.4M | $591.2M | ||
| Q1 25 | $33.4M | $603.2M | ||
| Q4 24 | $33.4M | — | ||
| Q3 24 | $33.4M | — | ||
| Q2 24 | $33.3M | — |
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | — | ||
| Q3 25 | $858.0M | $96.9M | ||
| Q2 25 | $819.0M | $183.9M | ||
| Q1 25 | $814.7M | $201.9M | ||
| Q4 24 | $758.3M | — | ||
| Q3 24 | $822.5M | $538.7M | ||
| Q2 24 | $748.4M | $561.6M |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.2B | $1.4B | ||
| Q2 25 | $7.2B | $1.4B | ||
| Q1 25 | $7.0B | $1.4B | ||
| Q4 24 | $7.6B | — | ||
| Q3 24 | $7.5B | $615.0M | ||
| Q2 24 | $7.5B | $644.4M |
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | 5.65× | ||
| Q2 25 | 0.04× | 3.21× | ||
| Q1 25 | 0.04× | 2.99× | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — |
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 | — | $63.9M |
| Free Cash FlowOCF − Capex | — | $55.0M |
| FCF MarginFCF / Revenue | — | 26.1% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | — | ||
| Q3 25 | $303.7M | $63.9M | ||
| Q2 25 | $30.4M | $33.4M | ||
| Q1 25 | $188.3M | $-44.8M | ||
| Q4 24 | $-71.7M | — | ||
| Q3 24 | $143.1M | $-28.4M | ||
| Q2 24 | $113.2M | $-28.0M |
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | — | ||
| Q3 25 | $300.3M | $55.0M | ||
| Q2 25 | $27.7M | $10.6M | ||
| Q1 25 | $184.7M | $-74.0M | ||
| Q4 24 | $-73.8M | — | ||
| Q3 24 | $138.8M | $-34.0M | ||
| Q2 24 | $111.0M | $-35.6M |
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | — | ||
| Q3 25 | 160.9% | 26.1% | ||
| Q2 25 | 14.1% | 8.0% | ||
| Q1 25 | 67.2% | -138.4% | ||
| Q4 24 | -40.4% | — | ||
| Q3 24 | 77.3% | — | ||
| Q2 24 | 58.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.8% | 4.2% | ||
| Q2 25 | 1.4% | 17.2% | ||
| Q1 25 | 1.3% | 54.5% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.2% | — |
| Q1 26 | — | — | ||
| 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× | — |
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% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
