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PATHWARD FINANCIAL, INC.（CASH）与Traeger, Inc.（COOK）财务数据对比。点击上方公司名可切换其他公司
PATHWARD FINANCIAL, INC.的季度营收约是Traeger, Inc.的1.2倍（$173.1M vs $145.4M），PATHWARD FINANCIAL, INC.净利率更高（20.3% vs -11.8%，领先32.1%），PATHWARD FINANCIAL, INC.同比增速更快（-0.2% vs -13.8%），PATHWARD FINANCIAL, INC.自由现金流更多（$104.1M vs $14.2M），过去两年Traeger, Inc.的营收复合增速更高（0.2% vs -18.0%）
Pathward Financial, Inc.是一家总部位于美国的银行及金融服务企业，其前身为Meta金融集团旗下相关业务主体，2022年母公司将“Meta”商标出售给Meta Platforms后，正式启用现有名称。
Traeger, Inc.是一家专注于户外烹饪设备研发生产的企业，主营高端木颗粒烤炉、配套配件及专用木颗粒燃料，主要面向北美、欧洲、澳洲市场，通过零售渠道和直营模式服务家庭及商用餐饮客户。
CASH vs COOK — 直观对比
营收规模更大
CASH
是对方的1.2倍
$145.4M
营收增速更快
CASH
高出13.6%
-13.8%
净利率更高
CASH
高出32.1%
-11.8%
自由现金流更多
CASH
多$89.9M
$14.2M
两年增速更快
COOK
近两年复合增速
-18.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $173.1M | $145.4M |
| 净利润 | $35.2M | $-17.2M |
| 毛利率 | — | 37.4% |
| 营业利润率 | 24.6% | -8.0% |
| 净利率 | 20.3% | -11.8% |
| 营收同比 | -0.2% | -13.8% |
| 净利润同比 | 11.9% | -147.2% |
| 每股收益（稀释后） | $1.57 | $-0.13 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CASHCOOK
| Q4 25 | $173.1M | $145.4M | ||
| Q3 25 | $186.7M | $125.4M | ||
| Q2 25 | $195.8M | $145.5M | ||
| Q1 25 | $274.8M | $143.3M | ||
| Q4 24 | $182.6M | $168.6M | ||
| Q3 24 | $179.5M | $122.0M | ||
| Q2 24 | $188.6M | $168.5M | ||
| Q1 24 | $257.6M | $144.9M |
净利润CASHCOOK
| Q4 25 | $35.2M | $-17.2M | ||
| Q3 25 | $38.8M | $-89.8M | ||
| Q2 25 | $42.1M | $-7.4M | ||
| Q1 25 | $75.0M | $-778.0K | ||
| Q4 24 | $30.0M | $-7.0M | ||
| Q3 24 | $33.5M | $-19.8M | ||
| Q2 24 | $44.9M | $-2.6M | ||
| Q1 24 | $69.9M | $-4.7M |
毛利率CASHCOOK
| Q4 25 | — | 37.4% | ||
| Q3 25 | — | 38.7% | ||
| Q2 25 | — | 39.2% | ||
| Q1 25 | — | 41.5% | ||
| Q4 24 | — | 40.9% | ||
| Q3 24 | — | 42.3% | ||
| Q2 24 | — | 42.9% | ||
| Q1 24 | — | 43.2% |
营业利润率CASHCOOK
| Q4 25 | 24.6% | -8.0% | ||
| Q3 25 | 25.9% | -66.5% | ||
| Q2 25 | 24.1% | -4.2% | ||
| Q1 25 | 33.2% | 2.4% | ||
| Q4 24 | 19.8% | -0.1% | ||
| Q3 24 | 20.9% | -6.1% | ||
| Q2 24 | 27.1% | 2.8% | ||
| Q1 24 | 33.8% | -0.1% |
净利率CASHCOOK
| Q4 25 | 20.3% | -11.8% | ||
| Q3 25 | 20.8% | -71.6% | ||
| Q2 25 | 21.5% | -5.1% | ||
| Q1 25 | 27.3% | -0.5% | ||
| Q4 24 | 16.4% | -4.1% | ||
| Q3 24 | 18.7% | -16.2% | ||
| Q2 24 | 23.8% | -1.5% | ||
| Q1 24 | 27.1% | -3.2% |
每股收益（稀释后）CASHCOOK
| Q4 25 | $1.57 | $-0.13 | ||
| Q3 25 | $1.69 | $-0.67 | ||
| Q2 25 | $1.81 | $-0.06 | ||
| Q1 25 | $3.14 | $-0.01 | ||
| Q4 24 | $1.23 | $-0.06 | ||
| Q3 24 | $1.34 | $-0.15 | ||
| Q2 24 | $1.78 | $-0.02 | ||
| Q1 24 | $2.74 | $-0.04 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $331.2M | $19.6M |
| 总债务越低越好 | $33.5M | $403.3M |
| 股东权益账面价值 | $854.5M | $170.8M |
| 总资产 | $7.6B | $676.0M |
| 负债/权益比越低杠杆越低 | 0.04× | 2.36× |
8季度趋势，按日历期对齐
现金及短期投资CASHCOOK
| Q4 25 | $331.2M | $19.6M | ||
| Q3 25 | $120.6M | $5.9M | ||
| Q2 25 | $258.3M | $10.3M | ||
| Q1 25 | $254.2M | $12.0M | ||
| Q4 24 | $597.4M | $15.0M | ||
| Q3 24 | $158.3M | $16.9M | ||
| Q2 24 | $298.9M | $18.0M | ||
| Q1 24 | $347.9M | $23.6M |
总债务CASHCOOK
| Q4 25 | $33.5M | $403.3M | ||
| Q3 25 | $33.5M | — | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $33.4M | — | ||
| Q4 24 | $33.4M | $403.6M | ||
| Q3 24 | $33.4M | — | ||
| Q2 24 | $33.3M | — | ||
| Q1 24 | $33.4M | — |
股东权益CASHCOOK
| Q4 25 | $854.5M | $170.8M | ||
| Q3 25 | $858.0M | $186.1M | ||
| Q2 25 | $819.0M | $274.2M | ||
| Q1 25 | $814.7M | $279.6M | ||
| Q4 24 | $758.3M | $276.4M | ||
| Q3 24 | $822.5M | $279.8M | ||
| Q2 24 | $748.4M | $297.3M | ||
| Q1 24 | $719.5M | $294.6M |
总资产CASHCOOK
| Q4 25 | $7.6B | $676.0M | ||
| Q3 25 | $7.2B | $689.6M | ||
| Q2 25 | $7.2B | $780.6M | ||
| Q1 25 | $7.0B | $825.6M | ||
| Q4 24 | $7.6B | $830.7M | ||
| Q3 24 | $7.5B | $818.1M | ||
| Q2 24 | $7.5B | $842.4M | ||
| Q1 24 | $7.4B | $862.1M |
负债/权益比CASHCOOK
| Q4 25 | 0.04× | 2.36× | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | 1.46× | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — | ||
| Q1 24 | 0.05× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $108.3M | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $104.1M | $14.2M |
| 自由现金流率自由现金流/营收 | 60.1% | 9.8% |
| 资本支出强度资本支出/营收 | 2.4% | 0.9% |
| 现金转化率经营现金流/净利润 | 3.08× | — |
| 过去12个月自由现金流最近4个季度 | $616.8M | $13.6M |
8季度趋势，按日历期对齐
经营现金流CASHCOOK
| Q4 25 | $108.3M | $15.5M | ||
| Q3 25 | $303.7M | $7.6M | ||
| Q2 25 | $30.4M | $18.3M | ||
| Q1 25 | $188.3M | $-20.8M | ||
| Q4 24 | $-71.7M | $7.5M | ||
| Q3 24 | $143.1M | $15.1M | ||
| Q2 24 | $113.2M | $13.9M | ||
| Q1 24 | $203.0M | $-12.6M |
自由现金流CASHCOOK
| Q4 25 | $104.1M | $14.2M | ||
| Q3 25 | $300.3M | $6.4M | ||
| Q2 25 | $27.7M | $15.7M | ||
| Q1 25 | $184.7M | $-22.7M | ||
| Q4 24 | $-73.8M | $5.5M | ||
| Q3 24 | $138.8M | $12.8M | ||
| Q2 24 | $111.0M | $11.8M | ||
| Q1 24 | $201.3M | $-18.3M |
自由现金流率CASHCOOK
| Q4 25 | 60.1% | 9.8% | ||
| Q3 25 | 160.9% | 5.1% | ||
| Q2 25 | 14.1% | 10.8% | ||
| Q1 25 | 67.2% | -15.8% | ||
| Q4 24 | -40.4% | 3.3% | ||
| Q3 24 | 77.3% | 10.5% | ||
| Q2 24 | 58.8% | 7.0% | ||
| Q1 24 | 78.1% | -12.6% |
资本支出强度CASHCOOK
| Q4 25 | 2.4% | 0.9% | ||
| Q3 25 | 1.8% | 0.9% | ||
| Q2 25 | 1.4% | 1.8% | ||
| Q1 25 | 1.3% | 1.3% | ||
| Q4 24 | 1.1% | 1.2% | ||
| Q3 24 | 2.4% | 1.9% | ||
| Q2 24 | 1.2% | 1.2% | ||
| Q1 24 | 0.7% | 3.9% |
现金转化率CASHCOOK
| 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× | — | ||
| Q1 24 | 2.90× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CASH
| Consumer | $103.0M | 59% |
| Payment Card And Deposit Fees | $30.1M | 17% |
| Other | $24.2M | 14% |
| Rental Income | $11.6M | 7% |
| Commercial | $4.2M | 2% |
COOK
| Grills | $60.6M | 42% |
| Accessories | $49.2M | 34% |
| Consumables | $35.5M | 24% |
