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Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($276.3M vs $249.0M, roughly 1.1× XPLR Infrastructure, LP). PATHWARD FINANCIAL, INC. runs the higher net margin — 26.4% vs 11.2%, a 15.1% gap on every dollar of revenue. Over the past eight quarters, PATHWARD FINANCIAL, INC.'s revenue compounded faster (21.0% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
CASH vs XIFR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $276.3M | $249.0M |
| Net Profit | $72.9M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | — | -19.3% |
| Net Margin | 26.4% | 11.2% |
| Revenue YoY | — | -15.3% |
| Net Profit YoY | — | 124.3% |
| 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 | — | ||
| Q4 25 | $173.1M | $249.0M | ||
| Q3 25 | $186.7M | $315.0M | ||
| Q2 25 | $195.8M | $342.0M | ||
| Q1 25 | $274.8M | $282.0M | ||
| Q4 24 | $182.6M | $294.0M | ||
| Q3 24 | $179.5M | $319.0M | ||
| Q2 24 | $188.6M | $360.0M |
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $28.0M | ||
| Q3 25 | $38.8M | $-37.0M | ||
| Q2 25 | $42.1M | $79.0M | ||
| Q1 25 | $75.0M | $-98.0M | ||
| Q4 24 | $30.0M | $-115.0M | ||
| Q3 24 | $33.5M | $-40.0M | ||
| Q2 24 | $44.9M | $62.0M |
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | -19.3% | ||
| Q3 25 | 25.9% | 1.6% | ||
| Q2 25 | 24.1% | 26.3% | ||
| Q1 25 | 33.2% | -82.6% | ||
| Q4 24 | 19.8% | -188.1% | ||
| Q3 24 | 20.9% | 15.4% | ||
| Q2 24 | 27.1% | 18.3% |
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 11.2% | ||
| Q3 25 | 20.8% | -11.7% | ||
| Q2 25 | 21.5% | 23.1% | ||
| Q1 25 | 27.3% | -34.8% | ||
| Q4 24 | 16.4% | -39.1% | ||
| Q3 24 | 18.7% | -12.5% | ||
| Q2 24 | 23.8% | 17.2% |
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | — | ||
| Q3 25 | $1.69 | $-0.40 | ||
| Q2 25 | $1.81 | $0.84 | ||
| Q1 25 | $3.14 | $-1.05 | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $1.34 | $-0.43 | ||
| Q2 24 | $1.78 | $0.66 |
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 | $960.0M |
| Total DebtLower is stronger | $59.5M | $6.2B |
| Stockholders' EquityBook value | $850.7M | $10.9B |
| Total Assets | $7.1B | $19.6B |
| Debt / EquityLower = less leverage | 0.07× | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $960.0M | ||
| Q3 25 | $120.6M | $711.0M | ||
| Q2 25 | $258.3M | $880.0M | ||
| Q1 25 | $254.2M | $1.5B | ||
| Q4 24 | $597.4M | $283.0M | ||
| Q3 24 | $158.3M | $290.0M | ||
| Q2 24 | $298.9M | $281.0M |
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $6.2B | ||
| Q3 25 | $33.5M | — | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $33.4M | — | ||
| Q4 24 | $33.4M | $5.3B | ||
| Q3 24 | $33.4M | — | ||
| Q2 24 | $33.3M | — |
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $10.9B | ||
| Q3 25 | $858.0M | $11.0B | ||
| Q2 25 | $819.0M | $11.3B | ||
| Q1 25 | $814.7M | $12.6B | ||
| Q4 24 | $758.3M | $12.9B | ||
| Q3 24 | $822.5M | $13.6B | ||
| Q2 24 | $748.4M | $13.9B |
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $19.6B | ||
| Q3 25 | $7.2B | $19.1B | ||
| Q2 25 | $7.2B | $20.5B | ||
| Q1 25 | $7.0B | $21.4B | ||
| Q4 24 | $7.6B | $20.3B | ||
| Q3 24 | $7.5B | $20.9B | ||
| Q2 24 | $7.5B | $21.7B |
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.57× | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | 0.41× | ||
| 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 | — | $186.0M |
| Free Cash FlowOCF − Capex | — | $-88.0M |
| FCF MarginFCF / Revenue | — | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | — | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $186.0M | ||
| Q3 25 | $303.7M | $231.0M | ||
| Q2 25 | $30.4M | $232.0M | ||
| Q1 25 | $188.3M | $90.0M | ||
| Q4 24 | $-71.7M | $283.0M | ||
| Q3 24 | $143.1M | $208.0M | ||
| Q2 24 | $113.2M | $231.0M |
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $-88.0M | ||
| Q3 25 | $300.3M | $-283.0M | ||
| Q2 25 | $27.7M | $151.0M | ||
| Q1 25 | $184.7M | $1.0M | ||
| Q4 24 | $-73.8M | $231.0M | ||
| Q3 24 | $138.8M | $152.0M | ||
| Q2 24 | $111.0M | $162.0M |
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | -35.3% | ||
| Q3 25 | 160.9% | -89.8% | ||
| Q2 25 | 14.1% | 44.2% | ||
| Q1 25 | 67.2% | 0.4% | ||
| Q4 24 | -40.4% | 78.6% | ||
| Q3 24 | 77.3% | 47.6% | ||
| Q2 24 | 58.8% | 45.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 110.0% | ||
| Q3 25 | 1.8% | 163.2% | ||
| Q2 25 | 1.4% | 23.7% | ||
| Q1 25 | 1.3% | 31.6% | ||
| Q4 24 | 1.1% | 17.7% | ||
| Q3 24 | 2.4% | 17.6% | ||
| Q2 24 | 1.2% | 19.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 6.64× | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | 2.94× | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | — | ||
| Q3 24 | 4.27× | — | ||
| Q2 24 | 2.52× | 3.73× |
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% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
