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PATHWARD FINANCIAL, INC.（CASH）与GigaCloud Technology Inc（GCT）财务数据对比。点击上方公司名可切换其他公司
GigaCloud Technology Inc的季度营收约是PATHWARD FINANCIAL, INC.的1.2倍（$332.6M vs $276.3M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs 11.2%，领先15.2%），过去两年GigaCloud Technology Inc的营收复合增速更高（36.6% 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。
GigaCloud Technology Inc是一家美国电商企业，主打家具、家电、健身器材等体积较大、规格不统一商品的B2B交易，旗下拥有线上B2B交易平台，业务覆盖撮合交易、全程物流直至终端配送环节。公司总部位于加利福尼亚州埃尔蒙特，自2022年8月起在纳斯达克挂牌上市。
CASH vs GCT — 直观对比
营收规模更大
GCT
是对方的1.2倍
$276.3M
净利率更高
CASH
高出15.2%
11.2%
两年增速更快
GCT
近两年复合增速
21.0%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $332.6M |
| 净利润 | $72.9M | $37.2M |
| 毛利率 | — | 23.2% |
| 营业利润率 | — | 12.2% |
| 净利率 | 26.4% | 11.2% |
| 营收同比 | — | 9.7% |
| 净利润同比 | — | -8.6% |
| 每股收益（稀释后） | $3.35 | $0.99 |
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CASHGCT
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | — | ||
| Q3 25 | $186.7M | $332.6M | ||
| Q2 25 | $195.8M | $322.6M | ||
| Q1 25 | $274.8M | $271.9M | ||
| Q4 24 | $182.6M | $295.8M | ||
| Q3 24 | $179.5M | $303.3M | ||
| Q2 24 | $188.6M | $310.9M |
净利润CASHGCT
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | — | ||
| Q3 25 | $38.8M | $37.2M | ||
| Q2 25 | $42.1M | $34.6M | ||
| Q1 25 | $75.0M | $27.1M | ||
| Q4 24 | $30.0M | $31.0M | ||
| Q3 24 | $33.5M | $40.7M | ||
| Q2 24 | $44.9M | $27.0M |
毛利率CASHGCT
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 23.2% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 25.5% | ||
| Q2 24 | — | 24.6% |
营业利润率CASHGCT
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | — | ||
| Q3 25 | 25.9% | 12.2% | ||
| Q2 25 | 24.1% | 11.1% | ||
| Q1 25 | 33.2% | 10.4% | ||
| Q4 24 | 19.8% | 9.3% | ||
| Q3 24 | 20.9% | 13.4% | ||
| Q2 24 | 27.1% | 8.8% |
净利率CASHGCT
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | — | ||
| Q3 25 | 20.8% | 11.2% | ||
| Q2 25 | 21.5% | 10.7% | ||
| Q1 25 | 27.3% | 10.0% | ||
| Q4 24 | 16.4% | 10.5% | ||
| Q3 24 | 18.7% | 13.4% | ||
| Q2 24 | 23.8% | 8.7% |
每股收益（稀释后）CASHGCT
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | — | ||
| Q3 25 | $1.69 | $0.99 | ||
| Q2 25 | $1.81 | $0.91 | ||
| Q1 25 | $3.14 | $0.68 | ||
| Q4 24 | $1.23 | $0.76 | ||
| Q3 24 | $1.34 | $0.98 | ||
| Q2 24 | $1.78 | $0.65 |
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 | $365.9M |
| 总债务越低越好 | $59.5M | — |
| 股东权益账面价值 | $850.7M | $457.3M |
| 总资产 | $7.1B | $1.1B |
| 负债/权益比越低杠杆越低 | 0.07× | — |
8季度趋势，按日历期对齐
现金及短期投资CASHGCT
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | — | ||
| Q3 25 | $120.6M | $365.9M | ||
| Q2 25 | $258.3M | $303.0M | ||
| Q1 25 | $254.2M | $286.8M | ||
| Q4 24 | $597.4M | $302.4M | ||
| Q3 24 | $158.3M | $259.8M | ||
| Q2 24 | $298.9M | $207.8M |
总债务CASHGCT
| Q1 26 | $59.5M | — | ||
| 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 | — |
股东权益CASHGCT
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | — | ||
| Q3 25 | $858.0M | $457.3M | ||
| Q2 25 | $819.0M | $431.4M | ||
| Q1 25 | $814.7M | $412.9M | ||
| Q4 24 | $758.3M | $405.2M | ||
| Q3 24 | $822.5M | $400.4M | ||
| Q2 24 | $748.4M | $358.4M |
总资产CASHGCT
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.2B | $1.1B | ||
| Q2 25 | $7.2B | $1.1B | ||
| Q1 25 | $7.0B | $1.1B | ||
| Q4 24 | $7.6B | $1.1B | ||
| Q3 24 | $7.5B | $1.1B | ||
| Q2 24 | $7.5B | $1.1B |
负债/权益比CASHGCT
| Q1 26 | 0.07× | — | ||
| 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× | — |
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 | — | $78.3M |
| 自由现金流经营现金流 - 资本支出 | — | $77.1M |
| 自由现金流率自由现金流/营收 | — | 23.2% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 2.10× |
| 过去12个月自由现金流最近4个季度 | — | $188.1M |
8季度趋势，按日历期对齐
经营现金流CASHGCT
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | — | ||
| Q3 25 | $303.7M | $78.3M | ||
| Q2 25 | $30.4M | $38.6M | ||
| Q1 25 | $188.3M | $9.4M | ||
| Q4 24 | $-71.7M | $68.4M | ||
| Q3 24 | $143.1M | $55.2M | ||
| Q2 24 | $113.2M | $19.1M |
自由现金流CASHGCT
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | — | ||
| Q3 25 | $300.3M | $77.1M | ||
| Q2 25 | $27.7M | $37.0M | ||
| Q1 25 | $184.7M | $7.0M | ||
| Q4 24 | $-73.8M | $66.9M | ||
| Q3 24 | $138.8M | $51.4M | ||
| Q2 24 | $111.0M | $12.9M |
自由现金流率CASHGCT
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | — | ||
| Q3 25 | 160.9% | 23.2% | ||
| Q2 25 | 14.1% | 11.5% | ||
| Q1 25 | 67.2% | 2.6% | ||
| Q4 24 | -40.4% | 22.6% | ||
| Q3 24 | 77.3% | 16.9% | ||
| Q2 24 | 58.8% | 4.2% |
资本支出强度CASHGCT
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.8% | 0.4% | ||
| Q2 25 | 1.4% | 0.5% | ||
| Q1 25 | 1.3% | 0.9% | ||
| Q4 24 | 1.1% | 0.5% | ||
| Q3 24 | 2.4% | 1.3% | ||
| Q2 24 | 1.2% | 2.0% |
现金转化率CASHGCT
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | 2.10× | ||
| Q2 25 | 0.72× | 1.12× | ||
| Q1 25 | 2.51× | 0.35× | ||
| Q4 24 | -2.39× | 2.21× | ||
| Q3 24 | 4.27× | 1.36× | ||
| Q2 24 | 2.52× | 0.71× |
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% |
GCT
| Services | $108.4M | 33% |
| Transferred Over Time | $89.8M | 27% |
| Product Sales To B | $50.1M | 15% |
| Last Mile Delivery Service | $49.2M | 15% |
| Warehousing Service | $14.2M | 4% |
| Ocean Transportation Service | $9.0M | 3% |
| Platform Commission | $4.9M | 1% |
| Drayage Service | $3.2M | 1% |
