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PATHWARD FINANCIAL, INC.（CASH）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
Forestar Group Inc.的季度营收约是PATHWARD FINANCIAL, INC.的1.6倍（$273.0M vs $173.1M），PATHWARD FINANCIAL, INC.净利率更高（20.3% vs 5.6%，领先14.7%），Forestar Group Inc.同比增速更快（9.0% vs -0.2%），PATHWARD FINANCIAL, INC.自由现金流更多（$104.1M vs $-157.1M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% 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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
CASH vs FOR — 直观对比
营收规模更大
FOR
是对方的1.6倍
$173.1M
营收增速更快
FOR
高出9.3%
-0.2%
净利率更高
CASH
高出14.7%
5.6%
自由现金流更多
CASH
多$261.2M
$-157.1M
两年增速更快
FOR
近两年复合增速
-18.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $173.1M | $273.0M |
| 净利润 | $35.2M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | 24.6% | 7.6% |
| 净利率 | 20.3% | 5.6% |
| 营收同比 | -0.2% | 9.0% |
| 净利润同比 | 11.9% | -6.7% |
| 每股收益（稀释后） | $1.57 | $0.30 |
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CASHFOR
| Q4 25 | $173.1M | $273.0M | ||
| Q3 25 | $186.7M | $670.5M | ||
| Q2 25 | $195.8M | $390.5M | ||
| Q1 25 | $274.8M | $351.0M | ||
| Q4 24 | $182.6M | $250.4M | ||
| Q3 24 | $179.5M | $551.3M | ||
| Q2 24 | $188.6M | $318.4M | ||
| Q1 24 | $257.6M | $333.8M |
净利润CASHFOR
| Q4 25 | $35.2M | $15.4M | ||
| Q3 25 | $38.8M | $86.9M | ||
| Q2 25 | $42.1M | $32.9M | ||
| Q1 25 | $75.0M | $31.6M | ||
| Q4 24 | $30.0M | $16.5M | ||
| Q3 24 | $33.5M | $81.5M | ||
| Q2 24 | $44.9M | $38.7M | ||
| Q1 24 | $69.9M | $45.0M |
毛利率CASHFOR
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
营业利润率CASHFOR
| Q4 25 | 24.6% | 7.6% | ||
| Q3 25 | 25.9% | 16.9% | ||
| Q2 25 | 24.1% | 11.2% | ||
| Q1 25 | 33.2% | 11.6% | ||
| Q4 24 | 19.8% | 8.7% | ||
| Q3 24 | 20.9% | 19.7% | ||
| Q2 24 | 27.1% | 16.2% | ||
| Q1 24 | 33.8% | 17.6% |
净利率CASHFOR
| Q4 25 | 20.3% | 5.6% | ||
| Q3 25 | 20.8% | 13.0% | ||
| Q2 25 | 21.5% | 8.4% | ||
| Q1 25 | 27.3% | 9.0% | ||
| Q4 24 | 16.4% | 6.6% | ||
| Q3 24 | 18.7% | 14.8% | ||
| Q2 24 | 23.8% | 12.2% | ||
| Q1 24 | 27.1% | 13.5% |
每股收益（稀释后）CASHFOR
| Q4 25 | $1.57 | $0.30 | ||
| Q3 25 | $1.69 | $1.70 | ||
| Q2 25 | $1.81 | $0.65 | ||
| Q1 25 | $3.14 | $0.62 | ||
| Q4 24 | $1.23 | $0.32 | ||
| Q3 24 | $1.34 | $1.59 | ||
| Q2 24 | $1.78 | $0.76 | ||
| Q1 24 | $2.74 | $0.89 |
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 | $211.7M |
| 总债务越低越好 | $33.5M | $793.2M |
| 股东权益账面价值 | $854.5M | $1.8B |
| 总资产 | $7.6B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资CASHFOR
| Q4 25 | $331.2M | $211.7M | ||
| Q3 25 | $120.6M | $379.2M | ||
| Q2 25 | $258.3M | $189.2M | ||
| Q1 25 | $254.2M | $174.3M | ||
| Q4 24 | $597.4M | $132.0M | ||
| Q3 24 | $158.3M | $481.2M | ||
| Q2 24 | $298.9M | $359.2M | ||
| Q1 24 | $347.9M | $416.2M |
总债务CASHFOR
| Q4 25 | $33.5M | $793.2M | ||
| Q3 25 | $33.5M | $802.7M | ||
| Q2 25 | $33.4M | $872.8M | ||
| Q1 25 | $33.4M | $872.5M | ||
| Q4 24 | $33.4M | $806.8M | ||
| Q3 24 | $33.4M | $706.4M | ||
| Q2 24 | $33.3M | $706.1M | ||
| Q1 24 | $33.4M | $705.7M |
股东权益CASHFOR
| Q4 25 | $854.5M | $1.8B | ||
| Q3 25 | $858.0M | $1.8B | ||
| Q2 25 | $819.0M | $1.7B | ||
| Q1 25 | $814.7M | $1.6B | ||
| Q4 24 | $758.3M | $1.6B | ||
| Q3 24 | $822.5M | $1.6B | ||
| Q2 24 | $748.4M | $1.5B | ||
| Q1 24 | $719.5M | $1.5B |
总资产CASHFOR
| Q4 25 | $7.6B | $3.2B | ||
| Q3 25 | $7.2B | $3.1B | ||
| Q2 25 | $7.2B | $3.1B | ||
| Q1 25 | $7.0B | $3.0B | ||
| Q4 24 | $7.6B | $3.0B | ||
| Q3 24 | $7.5B | $2.8B | ||
| Q2 24 | $7.5B | $2.7B | ||
| Q1 24 | $7.4B | $2.6B |
负债/权益比CASHFOR
| Q4 25 | 0.04× | 0.44× | ||
| Q3 25 | 0.04× | 0.45× | ||
| Q2 25 | 0.04× | 0.52× | ||
| Q1 25 | 0.04× | 0.53× | ||
| Q4 24 | 0.04× | 0.50× | ||
| Q3 24 | 0.04× | 0.44× | ||
| Q2 24 | 0.04× | 0.47× | ||
| Q1 24 | 0.05× | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $104.1M | $-157.1M |
| 自由现金流率自由现金流/营收 | 60.1% | -57.5% |
| 资本支出强度资本支出/营收 | 2.4% | 0.0% |
| 现金转化率经营现金流/净利润 | 3.08× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $616.8M | $93.0M |
8季度趋势，按日历期对齐
经营现金流CASHFOR
| Q4 25 | $108.3M | $-157.0M | ||
| Q3 25 | $303.7M | $256.3M | ||
| Q2 25 | $30.4M | $15.8M | ||
| Q1 25 | $188.3M | $-19.8M | ||
| Q4 24 | $-71.7M | $-450.0M | ||
| Q3 24 | $143.1M | $119.2M | ||
| Q2 24 | $113.2M | $-61.7M | ||
| Q1 24 | $203.0M | $-59.2M |
自由现金流CASHFOR
| Q4 25 | $104.1M | $-157.1M | ||
| Q3 25 | $300.3M | $255.6M | ||
| Q2 25 | $27.7M | $15.0M | ||
| Q1 25 | $184.7M | $-20.5M | ||
| Q4 24 | $-73.8M | — | ||
| Q3 24 | $138.8M | $118.4M | ||
| Q2 24 | $111.0M | $-62.3M | ||
| Q1 24 | $201.3M | $-59.8M |
自由现金流率CASHFOR
| Q4 25 | 60.1% | -57.5% | ||
| Q3 25 | 160.9% | 38.1% | ||
| Q2 25 | 14.1% | 3.8% | ||
| Q1 25 | 67.2% | -5.8% | ||
| Q4 24 | -40.4% | — | ||
| Q3 24 | 77.3% | 21.5% | ||
| Q2 24 | 58.8% | -19.6% | ||
| Q1 24 | 78.1% | -17.9% |
资本支出强度CASHFOR
| Q4 25 | 2.4% | 0.0% | ||
| Q3 25 | 1.8% | 0.1% | ||
| Q2 25 | 1.4% | 0.2% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 1.1% | 0.0% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 1.2% | 0.2% | ||
| Q1 24 | 0.7% | 0.2% |
现金转化率CASHFOR
| Q4 25 | 3.08× | -10.19× | ||
| Q3 25 | 7.83× | 2.95× | ||
| Q2 25 | 0.72× | 0.48× | ||
| Q1 25 | 2.51× | -0.63× | ||
| Q4 24 | -2.39× | -27.27× | ||
| Q3 24 | 4.27× | 1.46× | ||
| Q2 24 | 2.52× | -1.59× | ||
| Q1 24 | 2.90× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
