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PATHWARD FINANCIAL, INC.（CASH）与FARMER BROTHERS CO（FARM）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FARMER BROTHERS CO的1.9倍（$173.1M vs $88.9M），PATHWARD FINANCIAL, INC.净利率更高（20.3% vs -5.5%，领先25.8%），PATHWARD FINANCIAL, INC.同比增速更快（-0.2% vs -1.2%），PATHWARD FINANCIAL, INC.自由现金流更多（$104.1M vs $-2.6M），过去两年FARMER BROTHERS CO的营收复合增速更高（2.1% 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。
Farmer Bros. Co.是一家总部位于美国得克萨斯州沃斯堡的餐饮服务企业，主打咖啡与茶类产品的生产分销，同时还供应约300种餐厅及其他经营场所所需的餐饮配套用品，目前由约翰·摩尔担任公司首席执行官兼总裁。
CASH vs FARM — 直观对比
营收规模更大
CASH
是对方的1.9倍
$88.9M
营收增速更快
CASH
高出1.0%
-1.2%
净利率更高
CASH
高出25.8%
-5.5%
自由现金流更多
CASH
多$106.7M
$-2.6M
两年增速更快
FARM
近两年复合增速
-18.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $173.1M | $88.9M |
| 净利润 | $35.2M | $-4.9M |
| 毛利率 | — | 36.3% |
| 营业利润率 | 24.6% | -4.7% |
| 净利率 | 20.3% | -5.5% |
| 营收同比 | -0.2% | -1.2% |
| 净利润同比 | 11.9% | -2417.1% |
| 每股收益（稀释后） | $1.57 | $-0.22 |
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CASHFARM
| Q4 25 | $173.1M | $88.9M | ||
| Q3 25 | $186.7M | $81.6M | ||
| Q2 25 | $195.8M | $85.1M | ||
| Q1 25 | $274.8M | $82.1M | ||
| Q4 24 | $182.6M | $90.0M | ||
| Q3 24 | $179.5M | $85.1M | ||
| Q2 24 | $188.6M | $84.4M | ||
| Q1 24 | $257.6M | $85.4M |
净利润CASHFARM
| Q4 25 | $35.2M | $-4.9M | ||
| Q3 25 | $38.8M | $-4.0M | ||
| Q2 25 | $42.1M | $-4.7M | ||
| Q1 25 | $75.0M | $-5.0M | ||
| Q4 24 | $30.0M | $210.0K | ||
| Q3 24 | $33.5M | $-5.0M | ||
| Q2 24 | $44.9M | $-4.6M | ||
| Q1 24 | $69.9M | $-682.0K |
毛利率CASHFARM
| Q4 25 | — | 36.3% | ||
| Q3 25 | — | 39.7% | ||
| Q2 25 | — | 44.9% | ||
| Q1 25 | — | 42.1% | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | — | 43.9% | ||
| Q2 24 | — | 38.8% | ||
| Q1 24 | — | 40.1% |
营业利润率CASHFARM
| Q4 25 | 24.6% | -4.7% | ||
| Q3 25 | 25.9% | -3.9% | ||
| Q2 25 | 24.1% | 4.6% | ||
| Q1 25 | 33.2% | -4.3% | ||
| Q4 24 | 19.8% | 1.1% | ||
| Q3 24 | 20.9% | -3.3% | ||
| Q2 24 | 27.1% | -4.9% | ||
| Q1 24 | 33.8% | -0.5% |
净利率CASHFARM
| Q4 25 | 20.3% | -5.5% | ||
| Q3 25 | 20.8% | -4.9% | ||
| Q2 25 | 21.5% | -5.6% | ||
| Q1 25 | 27.3% | -6.1% | ||
| Q4 24 | 16.4% | 0.2% | ||
| Q3 24 | 18.7% | -5.9% | ||
| Q2 24 | 23.8% | -5.4% | ||
| Q1 24 | 27.1% | -0.8% |
每股收益（稀释后）CASHFARM
| Q4 25 | $1.57 | $-0.22 | ||
| Q3 25 | $1.69 | $-0.19 | ||
| Q2 25 | $1.81 | $-0.22 | ||
| Q1 25 | $3.14 | $-0.23 | ||
| Q4 24 | $1.23 | $0.01 | ||
| Q3 24 | $1.34 | $-0.24 | ||
| Q2 24 | $1.78 | $-0.23 | ||
| Q1 24 | $2.74 | $-0.03 |
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 | $4.2M |
| 总债务越低越好 | $33.5M | — |
| 股东权益账面价值 | $854.5M | $35.7M |
| 总资产 | $7.6B | $151.4M |
| 负债/权益比越低杠杆越低 | 0.04× | — |
8季度趋势，按日历期对齐
现金及短期投资CASHFARM
| Q4 25 | $331.2M | $4.2M | ||
| Q3 25 | $120.6M | $3.8M | ||
| Q2 25 | $258.3M | $6.8M | ||
| Q1 25 | $254.2M | $4.1M | ||
| Q4 24 | $597.4M | $5.5M | ||
| Q3 24 | $158.3M | $3.3M | ||
| Q2 24 | $298.9M | $5.8M | ||
| Q1 24 | $347.9M | $5.5M |
总债务CASHFARM
| Q4 25 | $33.5M | — | ||
| Q3 25 | $33.5M | — | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $33.4M | — | ||
| Q4 24 | $33.4M | — | ||
| Q3 24 | $33.4M | — | ||
| Q2 24 | $33.3M | — | ||
| Q1 24 | $33.4M | — |
股东权益CASHFARM
| Q4 25 | $854.5M | $35.7M | ||
| Q3 25 | $858.0M | $40.0M | ||
| Q2 25 | $819.0M | $43.5M | ||
| Q1 25 | $814.7M | $37.3M | ||
| Q4 24 | $758.3M | $41.5M | ||
| Q3 24 | $822.5M | $40.9M | ||
| Q2 24 | $748.4M | $45.5M | ||
| Q1 24 | $719.5M | $43.1M |
总资产CASHFARM
| Q4 25 | $7.6B | $151.4M | ||
| Q3 25 | $7.2B | $158.8M | ||
| Q2 25 | $7.2B | $161.2M | ||
| Q1 25 | $7.0B | $163.2M | ||
| Q4 24 | $7.6B | $179.1M | ||
| Q3 24 | $7.5B | $182.0M | ||
| Q2 24 | $7.5B | $185.2M | ||
| Q1 24 | $7.4B | $179.1M |
负债/权益比CASHFARM
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | — | ||
| 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 | $-786.0K |
| 自由现金流经营现金流 - 资本支出 | $104.1M | $-2.6M |
| 自由现金流率自由现金流/营收 | 60.1% | -2.9% |
| 资本支出强度资本支出/营收 | 2.4% | 2.1% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CASHFARM
| Q4 25 | $108.3M | $-786.0K | ||
| Q3 25 | $303.7M | $-5.0M | ||
| Q2 25 | $30.4M | $9.7M | ||
| Q1 25 | $188.3M | $1.3M | ||
| Q4 24 | $-71.7M | $2.6M | ||
| Q3 24 | $143.1M | $2.5M | ||
| Q2 24 | $113.2M | $-995.0K | ||
| Q1 24 | $203.0M | $-2.3M |
自由现金流CASHFARM
| Q4 25 | $104.1M | $-2.6M | ||
| Q3 25 | $300.3M | $-6.9M | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $184.7M | $-684.0K | ||
| Q4 24 | $-73.8M | $521.0K | ||
| Q3 24 | $138.8M | $-837.0K | ||
| Q2 24 | $111.0M | — | ||
| Q1 24 | $201.3M | $-5.7M |
自由现金流率CASHFARM
| Q4 25 | 60.1% | -2.9% | ||
| Q3 25 | 160.9% | -8.5% | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 67.2% | -0.8% | ||
| Q4 24 | -40.4% | 0.6% | ||
| Q3 24 | 77.3% | -1.0% | ||
| Q2 24 | 58.8% | — | ||
| Q1 24 | 78.1% | -6.7% |
资本支出强度CASHFARM
| Q4 25 | 2.4% | 2.1% | ||
| Q3 25 | 1.8% | 2.4% | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.3% | 2.4% | ||
| Q4 24 | 1.1% | 2.3% | ||
| Q3 24 | 2.4% | 3.9% | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 0.7% | 4.0% |
现金转化率CASHFARM
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | 12.16× | ||
| 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% |
FARM
| Coffee Roasted | $45.5M | 51% |
| Tea Iced Hot | $23.3M | 26% |
| Culinary | $14.1M | 16% |
| Spice | $4.9M | 5% |
| Fuel Surcharge | $1.2M | 1% |
