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PATHWARD FINANCIAL, INC.（CASH）与弗雷斯特研究公司（FORR）财务数据对比。点击上方公司名可切换其他公司
PATHWARD FINANCIAL, INC.的季度营收约是弗雷斯特研究公司的1.7倍（$173.1M vs $101.1M），PATHWARD FINANCIAL, INC.净利率更高（20.3% vs -33.5%，领先53.8%），PATHWARD FINANCIAL, INC.同比增速更快（-0.2% vs -6.5%），PATHWARD FINANCIAL, INC.自由现金流更多（$104.1M vs $-4.3M），过去两年弗雷斯特研究公司的营收复合增速更高（0.5% 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。
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
CASH vs FORR — 直观对比
营收规模更大
CASH
是对方的1.7倍
$101.1M
营收增速更快
CASH
高出6.2%
-6.5%
净利率更高
CASH
高出53.8%
-33.5%
自由现金流更多
CASH
多$108.3M
$-4.3M
两年增速更快
FORR
近两年复合增速
-18.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $173.1M | $101.1M |
| 净利润 | $35.2M | $-33.9M |
| 毛利率 | — | 56.7% |
| 营业利润率 | 24.6% | -36.6% |
| 净利率 | 20.3% | -33.5% |
| 营收同比 | -0.2% | -6.5% |
| 净利润同比 | 11.9% | -7941.4% |
| 每股收益（稀释后） | $1.57 | $-1.75 |
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CASHFORR
| Q4 25 | $173.1M | $101.1M | ||
| Q3 25 | $186.7M | $94.3M | ||
| Q2 25 | $195.8M | $111.7M | ||
| Q1 25 | $274.8M | $89.9M | ||
| Q4 24 | $182.6M | $108.0M | ||
| Q3 24 | $179.5M | $102.5M | ||
| Q2 24 | $188.6M | $121.8M | ||
| Q1 24 | $257.6M | $100.1M |
净利润CASHFORR
| Q4 25 | $35.2M | $-33.9M | ||
| Q3 25 | $38.8M | $-2.1M | ||
| Q2 25 | $42.1M | $3.9M | ||
| Q1 25 | $75.0M | $-87.3M | ||
| Q4 24 | $30.0M | $432.0K | ||
| Q3 24 | $33.5M | $-5.8M | ||
| Q2 24 | $44.9M | $6.3M | ||
| Q1 24 | $69.9M | $-6.7M |
毛利率CASHFORR
| Q4 25 | — | 56.7% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 55.5% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 58.8% | ||
| Q3 24 | — | 60.5% | ||
| Q2 24 | — | 57.3% | ||
| Q1 24 | — | 54.9% |
营业利润率CASHFORR
| Q4 25 | 24.6% | -36.6% | ||
| Q3 25 | 25.9% | 4.7% | ||
| Q2 25 | 24.1% | 6.2% | ||
| Q1 25 | 33.2% | -97.5% | ||
| Q4 24 | 19.8% | -0.5% | ||
| Q3 24 | 20.9% | -0.7% | ||
| Q2 24 | 27.1% | 9.3% | ||
| Q1 24 | 33.8% | -9.3% |
净利率CASHFORR
| Q4 25 | 20.3% | -33.5% | ||
| Q3 25 | 20.8% | -2.3% | ||
| Q2 25 | 21.5% | 3.5% | ||
| Q1 25 | 27.3% | -97.1% | ||
| Q4 24 | 16.4% | 0.4% | ||
| Q3 24 | 18.7% | -5.7% | ||
| Q2 24 | 23.8% | 5.2% | ||
| Q1 24 | 27.1% | -6.7% |
每股收益（稀释后）CASHFORR
| Q4 25 | $1.57 | $-1.75 | ||
| Q3 25 | $1.69 | $-0.11 | ||
| Q2 25 | $1.81 | $0.20 | ||
| Q1 25 | $3.14 | $-4.62 | ||
| Q4 24 | $1.23 | $0.02 | ||
| Q3 24 | $1.34 | $-0.30 | ||
| Q2 24 | $1.78 | $0.33 | ||
| Q1 24 | $2.74 | $-0.35 |
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 | $63.3M |
| 总债务越低越好 | $33.5M | — |
| 股东权益账面价值 | $854.5M | $126.5M |
| 总资产 | $7.6B | $404.0M |
| 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CASHFORR
| Q4 25 | $331.2M | $63.3M | ||
| Q3 25 | $120.6M | $65.1M | ||
| Q2 25 | $258.3M | $67.8M | ||
| Q1 25 | $254.2M | $75.6M | ||
| Q4 24 | $597.4M | $56.1M | ||
| Q3 24 | $158.3M | $62.8M | ||
| Q2 24 | $298.9M | $58.9M | ||
| Q1 24 | $347.9M | $61.4M |
总债务CASHFORR
| 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CASHFORR
| Q4 25 | $854.5M | $126.5M | ||
| Q3 25 | $858.0M | $157.7M | ||
| Q2 25 | $819.0M | $159.5M | ||
| Q1 25 | $814.7M | $147.4M | ||
| Q4 24 | $758.3M | $229.5M | ||
| Q3 24 | $822.5M | $234.3M | ||
| Q2 24 | $748.4M | $237.1M | ||
| Q1 24 | $719.5M | $230.9M |
总资产CASHFORR
| Q4 25 | $7.6B | $404.0M | ||
| Q3 25 | $7.2B | $414.2M | ||
| Q2 25 | $7.2B | $436.0M | ||
| Q1 25 | $7.0B | $439.8M | ||
| Q4 24 | $7.6B | $503.9M | ||
| Q3 24 | $7.5B | $505.3M | ||
| Q2 24 | $7.5B | $524.2M | ||
| Q1 24 | $7.4B | $555.7M |
负债/权益比CASHFORR
| 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 | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | $104.1M | $-4.3M |
| 自由现金流率自由现金流/营收 | 60.1% | -4.2% |
| 资本支出强度资本支出/营收 | 2.4% | 1.1% |
| 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 | $18.1M |
8季度趋势，按日历期对齐
经营现金流CASHFORR
| Q4 25 | $108.3M | $-3.2M | ||
| Q3 25 | $303.7M | $1.2M | ||
| Q2 25 | $30.4M | $-3.6M | ||
| Q1 25 | $188.3M | $26.7M | ||
| Q4 24 | $-71.7M | $-1.8M | ||
| Q3 24 | $143.1M | $264.0K | ||
| Q2 24 | $113.2M | $-2.9M | ||
| Q1 24 | $203.0M | $611.0K |
自由现金流CASHFORR
| Q4 25 | $104.1M | $-4.3M | ||
| Q3 25 | $300.3M | $524.0K | ||
| Q2 25 | $27.7M | $-4.2M | ||
| Q1 25 | $184.7M | $26.1M | ||
| Q4 24 | $-73.8M | $-2.5M | ||
| Q3 24 | $138.8M | $-223.0K | ||
| Q2 24 | $111.0M | $-3.7M | ||
| Q1 24 | $201.3M | $-815.0K |
自由现金流率CASHFORR
| Q4 25 | 60.1% | -4.2% | ||
| Q3 25 | 160.9% | 0.6% | ||
| Q2 25 | 14.1% | -3.8% | ||
| Q1 25 | 67.2% | 29.0% | ||
| Q4 24 | -40.4% | -2.3% | ||
| Q3 24 | 77.3% | -0.2% | ||
| Q2 24 | 58.8% | -3.1% | ||
| Q1 24 | 78.1% | -0.8% |
资本支出强度CASHFORR
| Q4 25 | 2.4% | 1.1% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 1.4% | 0.5% | ||
| Q1 25 | 1.3% | 0.7% | ||
| Q4 24 | 1.1% | 0.6% | ||
| Q3 24 | 2.4% | 0.5% | ||
| Q2 24 | 1.2% | 0.7% | ||
| Q1 24 | 0.7% | 1.4% |
现金转化率CASHFORR
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | -0.93× | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | -4.24× | ||
| Q3 24 | 4.27× | — | ||
| Q2 24 | 2.52× | -0.46× | ||
| 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% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
