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PATHWARD FINANCIAL, INC.（CASH）与FTAI Infrastructure Inc.（FIP）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FTAI Infrastructure Inc.的1.9倍（$276.3M vs $143.5M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs -68.1%，领先94.5%），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% 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。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
CASH vs FIP — 直观对比
营收规模更大
CASH
是对方的1.9倍
$143.5M
净利率更高
CASH
高出94.5%
-68.1%
两年增速更快
FIP
近两年复合增速
21.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $143.5M |
| 净利润 | $72.9M | $-97.7M |
| 毛利率 | — | — |
| 营业利润率 | — | -45.7% |
| 净利率 | 26.4% | -68.1% |
| 营收同比 | — | 77.7% |
| 净利润同比 | — | 21.6% |
| 每股收益（稀释后） | $3.35 | $-1.04 |
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CASHFIP
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $143.5M | ||
| Q3 25 | $186.7M | $140.6M | ||
| Q2 25 | $195.8M | $122.3M | ||
| Q1 25 | $274.8M | $96.2M | ||
| Q4 24 | $182.6M | $80.8M | ||
| Q3 24 | $179.5M | $83.3M | ||
| Q2 24 | $188.6M | $84.9M |
净利润CASHFIP
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $-97.7M | ||
| Q3 25 | $38.8M | $-104.5M | ||
| Q2 25 | $42.1M | $-70.0M | ||
| Q1 25 | $75.0M | $120.2M | ||
| Q4 24 | $30.0M | $-124.7M | ||
| Q3 24 | $33.5M | $-43.0M | ||
| Q2 24 | $44.9M | $-48.1M |
营业利润率CASHFIP
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | -45.7% | ||
| Q3 25 | 25.9% | -70.8% | ||
| Q2 25 | 24.1% | -56.4% | ||
| Q1 25 | 33.2% | 81.8% | ||
| Q4 24 | 19.8% | -152.7% | ||
| Q3 24 | 20.9% | -51.7% | ||
| Q2 24 | 27.1% | -56.4% |
净利率CASHFIP
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | -68.1% | ||
| Q3 25 | 20.8% | -74.4% | ||
| Q2 25 | 21.5% | -57.2% | ||
| Q1 25 | 27.3% | 125.0% | ||
| Q4 24 | 16.4% | -154.4% | ||
| Q3 24 | 18.7% | -51.6% | ||
| Q2 24 | 23.8% | -56.7% |
每股收益（稀释后）CASHFIP
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $-1.04 | ||
| Q3 25 | $1.69 | $-1.38 | ||
| Q2 25 | $1.81 | $-0.73 | ||
| Q1 25 | $3.14 | $0.89 | ||
| Q4 24 | $1.23 | $-1.21 | ||
| Q3 24 | $1.34 | $-0.45 | ||
| Q2 24 | $1.78 | $-0.52 |
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 | $57.4M |
| 总债务越低越好 | $59.5M | $3.8B |
| 股东权益账面价值 | $850.7M | $21.3M |
| 总资产 | $7.1B | $5.7B |
| 负债/权益比越低杠杆越低 | 0.07× | 176.99× |
8季度趋势，按日历期对齐
现金及短期投资CASHFIP
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $57.4M | ||
| Q3 25 | $120.6M | $34.7M | ||
| Q2 25 | $258.3M | $33.6M | ||
| Q1 25 | $254.2M | $26.3M | ||
| Q4 24 | $597.4M | $27.8M | ||
| Q3 24 | $158.3M | $20.3M | ||
| Q2 24 | $298.9M | $33.1M |
总债务CASHFIP
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $3.8B | ||
| Q3 25 | $33.5M | $3.7B | ||
| Q2 25 | $33.4M | $3.1B | ||
| Q1 25 | $33.4M | $2.8B | ||
| Q4 24 | $33.4M | $1.6B | ||
| Q3 24 | $33.4M | $1.5B | ||
| Q2 24 | $33.3M | $1.6B |
股东权益CASHFIP
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $21.3M | ||
| Q3 25 | $858.0M | $181.1M | ||
| Q2 25 | $819.0M | $375.5M | ||
| Q1 25 | $814.7M | $476.2M | ||
| Q4 24 | $758.3M | $202.7M | ||
| Q3 24 | $822.5M | $370.8M | ||
| Q2 24 | $748.4M | $394.8M |
总资产CASHFIP
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $5.7B | ||
| Q3 25 | $7.2B | $5.5B | ||
| Q2 25 | $7.2B | $4.4B | ||
| Q1 25 | $7.0B | $4.1B | ||
| Q4 24 | $7.6B | $2.4B | ||
| Q3 24 | $7.5B | $2.4B | ||
| Q2 24 | $7.5B | $2.5B |
负债/权益比CASHFIP
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 176.99× | ||
| Q3 25 | 0.04× | 20.59× | ||
| Q2 25 | 0.04× | 8.21× | ||
| Q1 25 | 0.04× | 5.79× | ||
| Q4 24 | 0.04× | 7.84× | ||
| Q3 24 | 0.04× | 4.14× | ||
| Q2 24 | 0.04× | 3.94× |
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 | — | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-68.6M |
| 自由现金流率自由现金流/营收 | — | -47.8% |
| 资本支出强度资本支出/营收 | — | 45.9% |
| 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 | — | $-398.5M |
8季度趋势，按日历期对齐
经营现金流CASHFIP
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $-2.8M | ||
| Q3 25 | $303.7M | $-24.4M | ||
| Q2 25 | $30.4M | $-5.2M | ||
| Q1 25 | $188.3M | $-85.7M | ||
| Q4 24 | $-71.7M | $-8.1M | ||
| Q3 24 | $143.1M | $14.2M | ||
| Q2 24 | $113.2M | $-17.6M |
自由现金流CASHFIP
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $-68.6M | ||
| Q3 25 | $300.3M | $-90.7M | ||
| Q2 25 | $27.7M | $-87.5M | ||
| Q1 25 | $184.7M | $-151.7M | ||
| Q4 24 | $-73.8M | $-34.3M | ||
| Q3 24 | $138.8M | $-11.7M | ||
| Q2 24 | $111.0M | $-32.1M |
自由现金流率CASHFIP
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | -47.8% | ||
| Q3 25 | 160.9% | -64.5% | ||
| Q2 25 | 14.1% | -71.6% | ||
| Q1 25 | 67.2% | -157.7% | ||
| Q4 24 | -40.4% | -42.4% | ||
| Q3 24 | 77.3% | -14.0% | ||
| Q2 24 | 58.8% | -37.9% |
资本支出强度CASHFIP
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 45.9% | ||
| Q3 25 | 1.8% | 47.2% | ||
| Q2 25 | 1.4% | 67.3% | ||
| Q1 25 | 1.3% | 68.6% | ||
| Q4 24 | 1.1% | 32.5% | ||
| Q3 24 | 2.4% | 31.1% | ||
| Q2 24 | 1.2% | 17.2% |
现金转化率CASHFIP
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 2.51× | -0.71× | ||
| 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% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
