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PATHWARD FINANCIAL, INC.（CASH）与FirstCash Holdings, Inc.（FCFS）财务数据对比。点击上方公司名可切换其他公司
FirstCash Holdings, Inc.的季度营收约是PATHWARD FINANCIAL, INC.的1.8倍（$501.3M vs $276.3M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs 20.8%，领先5.6%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs 16.9%）
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。
FirstCash Holdings, Inc.是总部位于美国得克萨斯州沃斯堡的典当企业，在美国及拉丁美洲多地运营线下典当零售门店，为纳斯达克证券交易所公开上市企业，在美洲典当服务领域拥有成熟的业务布局与完善的运营网络。
CASH vs FCFS — 直观对比
营收规模更大
FCFS
是对方的1.8倍
$276.3M
净利率更高
CASH
高出5.6%
20.8%
两年增速更快
CASH
近两年复合增速
16.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $501.3M |
| 净利润 | $72.9M | $104.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 28.5% |
| 净利率 | 26.4% | 20.8% |
| 营收同比 | — | 21.2% |
| 净利润同比 | — | 24.7% |
| 每股收益（稀释后） | $3.35 | $2.35 |
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CASHFCFS
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $501.3M | ||
| Q3 25 | $186.7M | $411.0M | ||
| Q2 25 | $195.8M | $385.1M | ||
| Q1 25 | $274.8M | $371.1M | ||
| Q4 24 | $182.6M | $413.7M | ||
| Q3 24 | $179.5M | $363.1M | ||
| Q2 24 | $188.6M | $363.5M |
净利润CASHFCFS
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $104.2M | ||
| Q3 25 | $38.8M | $82.8M | ||
| Q2 25 | $42.1M | $59.8M | ||
| Q1 25 | $75.0M | $83.6M | ||
| Q4 24 | $30.0M | $83.5M | ||
| Q3 24 | $33.5M | $64.8M | ||
| Q2 24 | $44.9M | $49.1M |
营业利润率CASHFCFS
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 28.5% | ||
| Q3 25 | 25.9% | 27.4% | ||
| Q2 25 | 24.1% | 21.1% | ||
| Q1 25 | 33.2% | 30.0% | ||
| Q4 24 | 19.8% | 26.5% | ||
| Q3 24 | 20.9% | 23.5% | ||
| Q2 24 | 27.1% | 18.2% |
净利率CASHFCFS
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 20.8% | ||
| Q3 25 | 20.8% | 20.1% | ||
| Q2 25 | 21.5% | 15.5% | ||
| Q1 25 | 27.3% | 22.5% | ||
| Q4 24 | 16.4% | 20.2% | ||
| Q3 24 | 18.7% | 17.9% | ||
| Q2 24 | 23.8% | 13.5% |
每股收益（稀释后）CASHFCFS
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $2.35 | ||
| Q3 25 | $1.69 | $1.86 | ||
| Q2 25 | $1.81 | $1.34 | ||
| Q1 25 | $3.14 | $1.87 | ||
| Q4 24 | $1.23 | $1.86 | ||
| Q3 24 | $1.34 | $1.44 | ||
| Q2 24 | $1.78 | $1.08 |
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 | $125.2M |
| 总债务越低越好 | $59.5M | $2.2B |
| 股东权益账面价值 | $850.7M | $2.3B |
| 总资产 | $7.1B | $5.3B |
| 负债/权益比越低杠杆越低 | 0.07× | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资CASHFCFS
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $125.2M | ||
| Q3 25 | $120.6M | $130.2M | ||
| Q2 25 | $258.3M | $101.5M | ||
| Q1 25 | $254.2M | $146.0M | ||
| Q4 24 | $597.4M | $175.1M | ||
| Q3 24 | $158.3M | $106.3M | ||
| Q2 24 | $298.9M | $113.7M |
总债务CASHFCFS
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $2.2B | ||
| Q3 25 | $33.5M | $2.2B | ||
| Q2 25 | $33.4M | $1.7B | ||
| Q1 25 | $33.4M | $1.7B | ||
| Q4 24 | $33.4M | $1.7B | ||
| Q3 24 | $33.4M | $1.7B | ||
| Q2 24 | $33.3M | $1.7B |
股东权益CASHFCFS
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $2.3B | ||
| Q3 25 | $858.0M | $2.2B | ||
| Q2 25 | $819.0M | $2.1B | ||
| Q1 25 | $814.7M | $2.1B | ||
| Q4 24 | $758.3M | $2.1B | ||
| Q3 24 | $822.5M | $2.0B | ||
| Q2 24 | $748.4M | $2.0B |
总资产CASHFCFS
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $5.3B | ||
| Q3 25 | $7.2B | $5.2B | ||
| Q2 25 | $7.2B | $4.5B | ||
| Q1 25 | $7.0B | $4.4B | ||
| Q4 24 | $7.6B | $4.5B | ||
| Q3 24 | $7.5B | $4.4B | ||
| Q2 24 | $7.5B | $4.3B |
负债/权益比CASHFCFS
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.98× | ||
| Q3 25 | 0.04× | 1.01× | ||
| Q2 25 | 0.04× | 0.79× | ||
| Q1 25 | 0.04× | 0.83× | ||
| Q4 24 | 0.04× | 0.85× | ||
| Q3 24 | 0.04× | 0.87× | ||
| Q2 24 | 0.04× | 0.85× |
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 | — | $206.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.98× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CASHFCFS
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $206.6M | ||
| Q3 25 | $303.7M | $135.8M | ||
| Q2 25 | $30.4M | $116.9M | ||
| Q1 25 | $188.3M | $126.6M | ||
| Q4 24 | $-71.7M | $198.1M | ||
| Q3 24 | $143.1M | $113.1M | ||
| Q2 24 | $113.2M | $106.2M |
自由现金流CASHFCFS
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | — | ||
| Q3 25 | $300.3M | — | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $184.7M | — | ||
| Q4 24 | $-73.8M | — | ||
| Q3 24 | $138.8M | — | ||
| Q2 24 | $111.0M | — |
自由现金流率CASHFCFS
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | — | ||
| Q3 25 | 160.9% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 67.2% | — | ||
| Q4 24 | -40.4% | — | ||
| Q3 24 | 77.3% | — | ||
| Q2 24 | 58.8% | — |
资本支出强度CASHFCFS
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.2% | — |
现金转化率CASHFCFS
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 1.98× | ||
| Q3 25 | 7.83× | 1.64× | ||
| Q2 25 | 0.72× | 1.95× | ||
| Q1 25 | 2.51× | 1.51× | ||
| Q4 24 | -2.39× | 2.37× | ||
| Q3 24 | 4.27× | 1.74× | ||
| Q2 24 | 2.52× | 2.16× |
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% |
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
