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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($276.3M vs $137.5M, roughly 2.0× Terreno Realty Corp). Terreno Realty Corp runs the higher net margin — 115.1% vs 26.4%, a 88.7% gap on every dollar of revenue. Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% 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.
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
CASH vs TRNO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $276.3M | $137.5M |
| Net Profit | $72.9M | $158.2M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 26.4% | 115.1% |
| Revenue YoY | — | 32.6% |
| Net Profit YoY | — | 107.9% |
| EPS (diluted) | $3.35 | $1.54 |
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 | $137.5M | ||
| Q3 25 | $186.7M | $116.2M | ||
| Q2 25 | $195.8M | $112.2M | ||
| Q1 25 | $274.8M | $110.4M | ||
| Q4 24 | $182.6M | $103.7M | ||
| Q3 24 | $179.5M | $99.6M | ||
| Q2 24 | $188.6M | $94.2M |
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $158.2M | ||
| Q3 25 | $38.8M | $103.4M | ||
| Q2 25 | $42.1M | $93.3M | ||
| Q1 25 | $75.0M | $48.1M | ||
| Q4 24 | $30.0M | $76.1M | ||
| Q3 24 | $33.5M | $36.6M | ||
| Q2 24 | $44.9M | $35.7M |
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | — | ||
| Q3 25 | 25.9% | — | ||
| Q2 25 | 24.1% | — | ||
| Q1 25 | 33.2% | — | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 20.9% | — | ||
| Q2 24 | 27.1% | — |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 115.1% | ||
| Q3 25 | 20.8% | 88.9% | ||
| Q2 25 | 21.5% | 83.1% | ||
| Q1 25 | 27.3% | 43.6% | ||
| Q4 24 | 16.4% | 73.4% | ||
| Q3 24 | 18.7% | 36.8% | ||
| Q2 24 | 23.8% | 37.9% |
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $1.54 | ||
| Q3 25 | $1.69 | $1.00 | ||
| Q2 25 | $1.81 | $0.90 | ||
| Q1 25 | $3.14 | $0.47 | ||
| Q4 24 | $1.23 | $0.78 | ||
| Q3 24 | $1.34 | $0.37 | ||
| Q2 24 | $1.78 | $0.37 |
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 | $25.0M |
| Total DebtLower is stronger | $59.5M | $943.3M |
| Stockholders' EquityBook value | $850.7M | $4.1B |
| Total Assets | $7.1B | $5.4B |
| Debt / EquityLower = less leverage | 0.07× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $25.0M | ||
| Q3 25 | $120.6M | $26.2M | ||
| Q2 25 | $258.3M | $128.4M | ||
| Q1 25 | $254.2M | $156.5M | ||
| Q4 24 | $597.4M | $18.1M | ||
| Q3 24 | $158.3M | $243.7M | ||
| Q2 24 | $298.9M | $182.0M |
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $943.3M | ||
| Q3 25 | $33.5M | $1.0B | ||
| Q2 25 | $33.4M | $742.4M | ||
| Q1 25 | $33.4M | $741.9M | ||
| Q4 24 | $33.4M | $823.4M | ||
| Q3 24 | $33.4M | $672.2M | ||
| Q2 24 | $33.3M | $772.0M |
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $4.1B | ||
| Q3 25 | $858.0M | $4.0B | ||
| Q2 25 | $819.0M | $3.9B | ||
| Q1 25 | $814.7M | $3.9B | ||
| Q4 24 | $758.3M | $3.7B | ||
| Q3 24 | $822.5M | $3.6B | ||
| Q2 24 | $748.4M | $3.4B |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $5.4B | ||
| Q3 25 | $7.2B | $5.3B | ||
| Q2 25 | $7.2B | $5.0B | ||
| Q1 25 | $7.0B | $4.9B | ||
| Q4 24 | $7.6B | $4.8B | ||
| Q3 24 | $7.5B | $4.6B | ||
| Q2 24 | $7.5B | $4.5B |
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.23× | ||
| Q3 25 | 0.04× | 0.26× | ||
| Q2 25 | 0.04× | 0.19× | ||
| Q1 25 | 0.04× | 0.19× | ||
| Q4 24 | 0.04× | 0.22× | ||
| Q3 24 | 0.04× | 0.19× | ||
| Q2 24 | 0.04× | 0.22× |
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 | — | $271.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $271.9M | ||
| Q3 25 | $303.7M | $79.5M | ||
| Q2 25 | $30.4M | $60.6M | ||
| Q1 25 | $188.3M | $61.4M | ||
| Q4 24 | $-71.7M | $232.7M | ||
| Q3 24 | $143.1M | $70.0M | ||
| Q2 24 | $113.2M | $64.3M |
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | — | ||
| Q3 25 | $300.3M | — | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $184.7M | — | ||
| Q4 24 | $-73.8M | — | ||
| Q3 24 | $138.8M | — | ||
| Q2 24 | $111.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | — | ||
| Q3 25 | 160.9% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 67.2% | — | ||
| Q4 24 | -40.4% | — | ||
| Q3 24 | 77.3% | — | ||
| Q2 24 | 58.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 1.72× | ||
| Q3 25 | 7.83× | 0.77× | ||
| Q2 25 | 0.72× | 0.65× | ||
| Q1 25 | 2.51× | 1.28× | ||
| Q4 24 | -2.39× | 3.06× | ||
| Q3 24 | 4.27× | 1.91× | ||
| Q2 24 | 2.52× | 1.80× |
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% |
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
