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PATHWARD FINANCIAL, INC.（CASH）与FIRST ADVANTAGE CORP（FA）财务数据对比。点击上方公司名可切换其他公司
FIRST ADVANTAGE CORP的季度营收约是PATHWARD FINANCIAL, INC.的1.5倍（$420.0M vs $276.3M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs 0.8%，领先25.6%），过去两年FIRST ADVANTAGE CORP的营收复合增速更高（57.5% vs 21.0%）
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。
First Advantage是全球领先的劳动力筛查与背景验证服务提供商，服务覆盖科技、医疗、金融、零售、制造等多个行业的各规模客户，助力企业管控雇佣风险、满足合规要求，打造安全可信的工作环境。
CASH vs FA — 直观对比
营收规模更大
FA
是对方的1.5倍
$276.3M
净利率更高
CASH
高出25.6%
0.8%
两年增速更快
FA
近两年复合增速
21.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $420.0M |
| 净利润 | $72.9M | $3.5M |
| 毛利率 | — | — |
| 营业利润率 | — | 10.7% |
| 净利率 | 26.4% | 0.8% |
| 营收同比 | — | 36.8% |
| 净利润同比 | — | 103.5% |
| 每股收益（稀释后） | $3.35 | $0.03 |
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CASHFA
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $420.0M | ||
| Q3 25 | $186.7M | $409.2M | ||
| Q2 25 | $195.8M | $390.6M | ||
| Q1 25 | $274.8M | $354.6M | ||
| Q4 24 | $182.6M | $307.1M | ||
| Q3 24 | $179.5M | $199.1M | ||
| Q2 24 | $188.6M | $184.5M |
净利润CASHFA
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $3.5M | ||
| Q3 25 | $38.8M | $2.6M | ||
| Q2 25 | $42.1M | $308.0K | ||
| Q1 25 | $75.0M | $-41.2M | ||
| Q4 24 | $30.0M | $-100.4M | ||
| Q3 24 | $33.5M | $-8.9M | ||
| Q2 24 | $44.9M | $1.9M |
营业利润率CASHFA
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 10.7% | ||
| Q3 25 | 25.9% | 10.3% | ||
| Q2 25 | 24.1% | 9.7% | ||
| Q1 25 | 33.2% | 2.1% | ||
| Q4 24 | 19.8% | -26.3% | ||
| Q3 24 | 20.9% | 4.6% | ||
| Q2 24 | 27.1% | 5.4% |
净利率CASHFA
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 0.8% | ||
| Q3 25 | 20.8% | 0.6% | ||
| Q2 25 | 21.5% | 0.1% | ||
| Q1 25 | 27.3% | -11.6% | ||
| Q4 24 | 16.4% | -32.7% | ||
| Q3 24 | 18.7% | -4.4% | ||
| Q2 24 | 23.8% | 1.0% |
每股收益（稀释后）CASHFA
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $0.03 | ||
| Q3 25 | $1.69 | $0.01 | ||
| Q2 25 | $1.81 | $0.00 | ||
| Q1 25 | $3.14 | $-0.24 | ||
| Q4 24 | $1.23 | $-0.67 | ||
| Q3 24 | $1.34 | $-0.06 | ||
| Q2 24 | $1.78 | $0.01 |
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 | $240.0M |
| 总债务越低越好 | $59.5M | $2.1B |
| 股东权益账面价值 | $850.7M | $1.3B |
| 总资产 | $7.1B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.07× | 1.61× |
8季度趋势，按日历期对齐
现金及短期投资CASHFA
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $240.0M | ||
| Q3 25 | $120.6M | $216.8M | ||
| Q2 25 | $258.3M | $184.3M | ||
| Q1 25 | $254.2M | $172.0M | ||
| Q4 24 | $597.4M | $168.7M | ||
| Q3 24 | $158.3M | $307.4M | ||
| Q2 24 | $298.9M | $269.6M |
总债务CASHFA
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $2.1B | ||
| Q3 25 | $33.5M | $2.1B | ||
| Q2 25 | $33.4M | $2.1B | ||
| Q1 25 | $33.4M | $2.2B | ||
| Q4 24 | $33.4M | $2.2B | ||
| Q3 24 | $33.4M | — | ||
| Q2 24 | $33.3M | — |
股东权益CASHFA
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $1.3B | ||
| Q3 25 | $858.0M | $1.3B | ||
| Q2 25 | $819.0M | $1.3B | ||
| Q1 25 | $814.7M | $1.3B | ||
| Q4 24 | $758.3M | $1.3B | ||
| Q3 24 | $822.5M | $920.7M | ||
| Q2 24 | $748.4M | $913.3M |
总资产CASHFA
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $3.8B | ||
| Q3 25 | $7.2B | $3.9B | ||
| Q2 25 | $7.2B | $3.9B | ||
| Q1 25 | $7.0B | $3.9B | ||
| Q4 24 | $7.6B | $3.9B | ||
| Q3 24 | $7.5B | $1.7B | ||
| Q2 24 | $7.5B | $1.6B |
负债/权益比CASHFA
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 1.61× | ||
| Q3 25 | 0.04× | 1.64× | ||
| Q2 25 | 0.04× | 1.65× | ||
| Q1 25 | 0.04× | 1.69× | ||
| Q4 24 | 0.04× | 1.66× | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — |
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 | — | $65.9M |
| 自由现金流经营现金流 - 资本支出 | — | $62.2M |
| 自由现金流率自由现金流/营收 | — | 14.8% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | — | 19.01× |
| 过去12个月自由现金流最近4个季度 | — | $188.5M |
8季度趋势，按日历期对齐
经营现金流CASHFA
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $65.9M | ||
| Q3 25 | $303.7M | $72.4M | ||
| Q2 25 | $30.4M | $37.3M | ||
| Q1 25 | $188.3M | $19.5M | ||
| Q4 24 | $-71.7M | $-85.7M | ||
| Q3 24 | $143.1M | $43.5M | ||
| Q2 24 | $113.2M | $32.0M |
自由现金流CASHFA
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $62.2M | ||
| Q3 25 | $300.3M | $71.2M | ||
| Q2 25 | $27.7M | $36.1M | ||
| Q1 25 | $184.7M | $19.0M | ||
| Q4 24 | $-73.8M | $-86.0M | ||
| Q3 24 | $138.8M | $43.1M | ||
| Q2 24 | $111.0M | $31.4M |
自由现金流率CASHFA
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 14.8% | ||
| Q3 25 | 160.9% | 17.4% | ||
| Q2 25 | 14.1% | 9.2% | ||
| Q1 25 | 67.2% | 5.4% | ||
| Q4 24 | -40.4% | -28.0% | ||
| Q3 24 | 77.3% | 21.6% | ||
| Q2 24 | 58.8% | 17.0% |
资本支出强度CASHFA
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 0.9% | ||
| Q3 25 | 1.8% | 0.3% | ||
| Q2 25 | 1.4% | 0.3% | ||
| Q1 25 | 1.3% | 0.1% | ||
| Q4 24 | 1.1% | 0.1% | ||
| Q3 24 | 2.4% | 0.2% | ||
| Q2 24 | 1.2% | 0.4% |
现金转化率CASHFA
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 19.01× | ||
| Q3 25 | 7.83× | 27.91× | ||
| Q2 25 | 0.72× | 121.25× | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | — | ||
| Q3 24 | 4.27× | — | ||
| Q2 24 | 2.52× | 17.22× |
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% |
FA
| First Advantage Americas | $209.9M | 50% |
| Sterling | $185.9M | 44% |
| First Advantage International | $24.2M | 6% |
