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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
UL Solutions Inc. is the larger business by last-quarter revenue ($340.0M vs $276.3M, roughly 1.2× PATHWARD FINANCIAL, INC.). Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs -31.8%).
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.
The UL enterprise is a global private safety company headquartered in Northbrook, Illinois, composed of three organizations, UL Research Institutes, UL Standards & Engagement and UL Solutions.
CASH vs ULS — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $276.3M | $340.0M |
| Net Profit | $72.9M | — |
| Gross Margin | — | — |
| Operating Margin | — | 24.4% |
| Net Margin | 26.4% | — |
| Revenue YoY | — | -12.4% |
| Net Profit YoY | — | — |
| EPS (diluted) | $3.35 | — |
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 | $340.0M | ||
| Q4 25 | $173.1M | $789.0M | ||
| Q3 25 | $186.7M | $783.0M | ||
| Q2 25 | $195.8M | $776.0M | ||
| Q1 25 | $274.8M | $705.0M | ||
| Q4 24 | $182.6M | $739.0M | ||
| Q3 24 | $179.5M | $731.0M | ||
| Q2 24 | $188.6M | $730.0M |
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $67.0M | ||
| Q3 25 | $38.8M | $100.0M | ||
| Q2 25 | $42.1M | $91.0M | ||
| Q1 25 | $75.0M | $67.0M | ||
| Q4 24 | $30.0M | $81.0M | ||
| Q3 24 | $33.5M | $88.0M | ||
| Q2 24 | $44.9M | $101.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 49.7% | ||
| Q3 25 | — | 50.3% | ||
| Q2 25 | — | 49.4% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 47.4% | ||
| Q3 24 | — | 49.0% | ||
| Q2 24 | — | 50.1% |
| Q1 26 | — | 24.4% | ||
| Q4 25 | 24.6% | 15.0% | ||
| Q3 25 | 25.9% | 19.9% | ||
| Q2 25 | 24.1% | 17.9% | ||
| Q1 25 | 33.2% | 15.5% | ||
| Q4 24 | 19.8% | 15.6% | ||
| Q3 24 | 20.9% | 17.8% | ||
| Q2 24 | 27.1% | 17.3% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 8.5% | ||
| Q3 25 | 20.8% | 12.8% | ||
| Q2 25 | 21.5% | 11.7% | ||
| Q1 25 | 27.3% | 9.5% | ||
| Q4 24 | 16.4% | 11.0% | ||
| Q3 24 | 18.7% | 12.0% | ||
| Q2 24 | 23.8% | 13.8% |
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $0.33 | ||
| Q3 25 | $1.69 | $0.49 | ||
| Q2 25 | $1.81 | $0.45 | ||
| Q1 25 | $3.14 | $0.33 | ||
| Q4 24 | $1.23 | $0.40 | ||
| Q3 24 | $1.34 | $0.44 | ||
| Q2 24 | $1.78 | $0.50 |
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 | — |
| Total DebtLower is stronger | $59.5M | — |
| Stockholders' EquityBook value | $850.7M | — |
| Total Assets | $7.1B | — |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $295.0M | ||
| Q3 25 | $120.6M | $255.0M | ||
| Q2 25 | $258.3M | $272.0M | ||
| Q1 25 | $254.2M | $267.0M | ||
| Q4 24 | $597.4M | $298.0M | ||
| Q3 24 | $158.3M | $327.0M | ||
| Q2 24 | $298.9M | $295.0M |
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $491.0M | ||
| Q3 25 | $33.5M | $544.0M | ||
| Q2 25 | $33.4M | $608.0M | ||
| Q1 25 | $33.4M | $653.0M | ||
| Q4 24 | $33.4M | $742.0M | ||
| Q3 24 | $33.4M | $797.0M | ||
| Q2 24 | $33.3M | $810.0M |
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $1.3B | ||
| Q3 25 | $858.0M | $1.2B | ||
| Q2 25 | $819.0M | $1.1B | ||
| Q1 25 | $814.7M | $970.0M | ||
| Q4 24 | $758.3M | $904.0M | ||
| Q3 24 | $822.5M | $872.0M | ||
| Q2 24 | $748.4M | $769.0M |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $2.9B | ||
| Q3 25 | $7.2B | $2.9B | ||
| Q2 25 | $7.2B | $2.9B | ||
| Q1 25 | $7.0B | $2.9B | ||
| Q4 24 | $7.6B | $2.8B | ||
| Q3 24 | $7.5B | $2.9B | ||
| Q2 24 | $7.5B | $2.7B |
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.39× | ||
| Q3 25 | 0.04× | 0.46× | ||
| Q2 25 | 0.04× | 0.56× | ||
| Q1 25 | 0.04× | 0.67× | ||
| Q4 24 | 0.04× | 0.82× | ||
| Q3 24 | 0.04× | 0.91× | ||
| Q2 24 | 0.04× | 1.05× |
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% |
ULS
Segment breakdown not available.
