vs
PATHWARD FINANCIAL, INC.（CASH）与Elastic N.V.（ESTC）财务数据对比。点击上方公司名可切换其他公司
Elastic N.V.的季度营收约是PATHWARD FINANCIAL, INC.的1.5倍（$423.5M vs $276.3M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs -12.1%，领先38.5%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs 13.6%）
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。
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
CASH vs ESTC — 直观对比
营收规模更大
ESTC
是对方的1.5倍
$276.3M
净利率更高
CASH
高出38.5%
-12.1%
两年增速更快
CASH
近两年复合增速
13.6%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $423.5M |
| 净利润 | $72.9M | $-51.3M |
| 毛利率 | — | 75.9% |
| 营业利润率 | — | -1.9% |
| 净利率 | 26.4% | -12.1% |
| 营收同比 | — | 15.9% |
| 净利润同比 | — | -101.5% |
| 每股收益（稀释后） | $3.35 | $-0.48 |
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CASHESTC
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $423.5M | ||
| Q3 25 | $186.7M | $415.3M | ||
| Q2 25 | $195.8M | $388.4M | ||
| Q1 25 | $274.8M | $382.1M | ||
| Q4 24 | $182.6M | $365.4M | ||
| Q3 24 | $179.5M | $347.4M | ||
| Q2 24 | $188.6M | $335.0M |
净利润CASHESTC
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $-51.3M | ||
| Q3 25 | $38.8M | $-24.6M | ||
| Q2 25 | $42.1M | $-16.4M | ||
| Q1 25 | $75.0M | $-17.1M | ||
| Q4 24 | $30.0M | $-25.4M | ||
| Q3 24 | $33.5M | $-49.2M | ||
| Q2 24 | $44.9M | $-41.1M |
毛利率CASHESTC
| Q1 26 | — | — | ||
| Q4 25 | — | 75.9% | ||
| Q3 25 | — | 76.7% | ||
| Q2 25 | — | 74.8% | ||
| Q1 25 | — | 74.6% | ||
| Q4 24 | — | 74.5% | ||
| Q3 24 | — | 73.6% | ||
| Q2 24 | — | 73.8% |
营业利润率CASHESTC
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | -1.9% | ||
| Q3 25 | 25.9% | -2.3% | ||
| Q2 25 | 24.1% | -3.1% | ||
| Q1 25 | 33.2% | -1.2% | ||
| Q4 24 | 19.8% | -1.2% | ||
| Q3 24 | 20.9% | -9.7% | ||
| Q2 24 | 27.1% | -13.6% |
净利率CASHESTC
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | -12.1% | ||
| Q3 25 | 20.8% | -5.9% | ||
| Q2 25 | 21.5% | -4.2% | ||
| Q1 25 | 27.3% | -4.5% | ||
| Q4 24 | 16.4% | -7.0% | ||
| Q3 24 | 18.7% | -14.2% | ||
| Q2 24 | 23.8% | -12.3% |
每股收益（稀释后）CASHESTC
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $-0.48 | ||
| Q3 25 | $1.69 | $-0.23 | ||
| Q2 25 | $1.81 | $-0.15 | ||
| Q1 25 | $3.14 | $-0.16 | ||
| Q4 24 | $1.23 | $-0.25 | ||
| Q3 24 | $1.34 | $-0.48 | ||
| Q2 24 | $1.78 | $-0.35 |
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 | $157.6M | $1.4B |
| 总债务越低越好 | $59.5M | $570.3M |
| 股东权益账面价值 | $850.7M | $891.1M |
| 总资产 | $7.1B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.07× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资CASHESTC
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $1.4B | ||
| Q3 25 | $120.6M | $1.5B | ||
| Q2 25 | $258.3M | $1.4B | ||
| Q1 25 | $254.2M | $584.0M | ||
| Q4 24 | $597.4M | $658.5M | ||
| Q3 24 | $158.3M | $594.9M | ||
| Q2 24 | $298.9M | $1.1B |
总债务CASHESTC
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $570.3M | ||
| Q3 25 | $33.5M | $570.0M | ||
| Q2 25 | $33.4M | $569.7M | ||
| Q1 25 | $33.4M | $569.4M | ||
| Q4 24 | $33.4M | $569.2M | ||
| Q3 24 | $33.4M | $568.9M | ||
| Q2 24 | $33.3M | $568.6M |
股东权益CASHESTC
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $891.1M | ||
| Q3 25 | $858.0M | $971.4M | ||
| Q2 25 | $819.0M | $927.2M | ||
| Q1 25 | $814.7M | $859.1M | ||
| Q4 24 | $758.3M | $811.5M | ||
| Q3 24 | $822.5M | $759.4M | ||
| Q2 24 | $748.4M | $738.2M |
总资产CASHESTC
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $2.5B | ||
| Q3 25 | $7.2B | $2.5B | ||
| Q2 25 | $7.2B | $2.6B | ||
| Q1 25 | $7.0B | $2.3B | ||
| Q4 24 | $7.6B | $2.2B | ||
| Q3 24 | $7.5B | $2.2B | ||
| Q2 24 | $7.5B | $2.2B |
负债/权益比CASHESTC
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.64× | ||
| Q3 25 | 0.04× | 0.59× | ||
| Q2 25 | 0.04× | 0.61× | ||
| Q1 25 | 0.04× | 0.66× | ||
| Q4 24 | 0.04× | 0.70× | ||
| Q3 24 | 0.04× | 0.75× | ||
| Q2 24 | 0.04× | 0.77× |
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 | — | $26.6M |
| 自由现金流经营现金流 - 资本支出 | — | $26.0M |
| 自由现金流率自由现金流/营收 | — | 6.1% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $302.3M |
8季度趋势，按日历期对齐
经营现金流CASHESTC
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $26.6M | ||
| Q3 25 | $303.7M | $104.8M | ||
| Q2 25 | $30.4M | $87.0M | ||
| Q1 25 | $188.3M | $88.1M | ||
| Q4 24 | $-71.7M | $38.4M | ||
| Q3 24 | $143.1M | $52.8M | ||
| Q2 24 | $113.2M | $60.9M |
自由现金流CASHESTC
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $26.0M | ||
| Q3 25 | $300.3M | $104.2M | ||
| Q2 25 | $27.7M | $84.9M | ||
| Q1 25 | $184.7M | $87.3M | ||
| Q4 24 | $-73.8M | $37.7M | ||
| Q3 24 | $138.8M | $52.0M | ||
| Q2 24 | $111.0M | $60.1M |
自由现金流率CASHESTC
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 6.1% | ||
| Q3 25 | 160.9% | 25.1% | ||
| Q2 25 | 14.1% | 21.8% | ||
| Q1 25 | 67.2% | 22.8% | ||
| Q4 24 | -40.4% | 10.3% | ||
| Q3 24 | 77.3% | 15.0% | ||
| Q2 24 | 58.8% | 17.9% |
资本支出强度CASHESTC
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 0.1% | ||
| Q3 25 | 1.8% | 0.2% | ||
| Q2 25 | 1.4% | 0.5% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 1.1% | 0.2% | ||
| Q3 24 | 2.4% | 0.2% | ||
| Q2 24 | 1.2% | 0.3% |
现金转化率CASHESTC
| 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× | — |
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
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
