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PATHWARD FINANCIAL, INC.（CASH）与哈雷戴维森（HOG）财务数据对比。点击上方公司名可切换其他公司
哈雷戴维森的季度营收约是PATHWARD FINANCIAL, INC.的1.4倍（$390.5M vs $276.3M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs -72.3%，领先98.7%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs -48.6%）
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。
哈雷戴维森是源自美国的摩托车制造商与生活方式品牌，总部位于威斯康星州密尔沃基，创立于1903年。它是大萧条时期幸存下来的两大美国摩托车厂商之一，历经多次股权变动、子公司调整、经营困境与全球竞争，如今已是全球知名的标志性品牌。
CASH vs HOG — 直观对比
营收规模更大
HOG
是对方的1.4倍
$276.3M
净利率更高
CASH
高出98.7%
-72.3%
两年增速更快
CASH
近两年复合增速
-48.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $390.5M |
| 净利润 | $72.9M | $-282.6M |
| 毛利率 | — | -7.9% |
| 营业利润率 | — | -92.4% |
| 净利率 | 26.4% | -72.3% |
| 营收同比 | — | -9.4% |
| 净利润同比 | — | -138.6% |
| 每股收益（稀释后） | $3.35 | $-2.27 |
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CASHHOG
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $390.5M | ||
| Q3 25 | $186.7M | $1.1B | ||
| Q2 25 | $195.8M | $1.0B | ||
| Q1 25 | $274.8M | $1.1B | ||
| Q4 24 | $182.6M | $430.9M | ||
| Q3 24 | $179.5M | $881.2M | ||
| Q2 24 | $188.6M | $1.4B |
净利润CASHHOG
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $-282.6M | ||
| Q3 25 | $38.8M | $377.4M | ||
| Q2 25 | $42.1M | $107.6M | ||
| Q1 25 | $75.0M | $133.1M | ||
| Q4 24 | $30.0M | $-118.4M | ||
| Q3 24 | $33.5M | $119.0M | ||
| Q2 24 | $44.9M | $218.3M |
毛利率CASHHOG
| Q1 26 | — | — | ||
| Q4 25 | — | -7.9% | ||
| Q3 25 | — | 26.0% | ||
| Q2 25 | — | 28.5% | ||
| Q1 25 | — | 28.9% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | 31.8% |
营业利润率CASHHOG
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | -92.4% | ||
| Q3 25 | 25.9% | 44.0% | ||
| Q2 25 | 24.1% | 10.7% | ||
| Q1 25 | 33.2% | 14.8% | ||
| Q4 24 | 19.8% | -44.9% | ||
| Q3 24 | 20.9% | 12.0% | ||
| Q2 24 | 27.1% | 17.8% |
净利率CASHHOG
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | -72.3% | ||
| Q3 25 | 20.8% | 35.0% | ||
| Q2 25 | 21.5% | 10.2% | ||
| Q1 25 | 27.3% | 12.3% | ||
| Q4 24 | 16.4% | -27.5% | ||
| Q3 24 | 18.7% | 13.5% | ||
| Q2 24 | 23.8% | 16.1% |
每股收益（稀释后）CASHHOG
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $-2.27 | ||
| Q3 25 | $1.69 | $3.10 | ||
| Q2 25 | $1.81 | $0.88 | ||
| Q1 25 | $3.14 | $1.07 | ||
| Q4 24 | $1.23 | $-0.82 | ||
| Q3 24 | $1.34 | $0.91 | ||
| Q2 24 | $1.78 | $1.63 |
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 | $3.1B |
| 总债务越低越好 | $59.5M | $2.5B |
| 股东权益账面价值 | $850.7M | $3.1B |
| 总资产 | $7.1B | $8.0B |
| 负债/权益比越低杠杆越低 | 0.07× | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资CASHHOG
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $3.1B | ||
| Q3 25 | $120.6M | $1.8B | ||
| Q2 25 | $258.3M | $1.6B | ||
| Q1 25 | $254.2M | $1.9B | ||
| Q4 24 | $597.4M | $1.6B | ||
| Q3 24 | $158.3M | $2.2B | ||
| Q2 24 | $298.9M | $1.8B |
总债务CASHHOG
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $2.5B | ||
| Q3 25 | $33.5M | $4.5B | ||
| Q2 25 | $33.4M | $6.4B | ||
| Q1 25 | $33.4M | $6.8B | ||
| Q4 24 | $33.4M | $6.3B | ||
| Q3 24 | $33.4M | $7.3B | ||
| Q2 24 | $33.3M | $7.0B |
股东权益CASHHOG
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $3.1B | ||
| Q3 25 | $858.0M | $3.6B | ||
| Q2 25 | $819.0M | $3.3B | ||
| Q1 25 | $814.7M | $3.2B | ||
| Q4 24 | $758.3M | $3.2B | ||
| Q3 24 | $822.5M | $3.4B | ||
| Q2 24 | $748.4M | $3.4B |
总资产CASHHOG
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $8.0B | ||
| Q3 25 | $7.2B | $10.6B | ||
| Q2 25 | $7.2B | $12.1B | ||
| Q1 25 | $7.0B | $12.4B | ||
| Q4 24 | $7.6B | $11.9B | ||
| Q3 24 | $7.5B | $13.0B | ||
| Q2 24 | $7.5B | $12.8B |
负债/权益比CASHHOG
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.79× | ||
| Q3 25 | 0.04× | 1.25× | ||
| Q2 25 | 0.04× | 1.91× | ||
| Q1 25 | 0.04× | 2.14× | ||
| Q4 24 | 0.04× | 2.00× | ||
| Q3 24 | 0.04× | 2.13× | ||
| Q2 24 | 0.04× | 2.03× |
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 | — | $152.0M |
| 自由现金流经营现金流 - 资本支出 | — | $100.4M |
| 自由现金流率自由现金流/营收 | — | 25.7% |
| 资本支出强度资本支出/营收 | — | 13.2% |
| 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 | — | $415.2M |
8季度趋势，按日历期对齐
经营现金流CASHHOG
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $152.0M | ||
| Q3 25 | $303.7M | $-92.6M | ||
| Q2 25 | $30.4M | $368.0M | ||
| Q1 25 | $188.3M | $141.5M | ||
| Q4 24 | $-71.7M | $133.2M | ||
| Q3 24 | $143.1M | $353.0M | ||
| Q2 24 | $113.2M | $473.6M |
自由现金流CASHHOG
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $100.4M | ||
| Q3 25 | $300.3M | $-129.1M | ||
| Q2 25 | $27.7M | $332.4M | ||
| Q1 25 | $184.7M | $111.6M | ||
| Q4 24 | $-73.8M | $77.0M | ||
| Q3 24 | $138.8M | $300.4M | ||
| Q2 24 | $111.0M | $432.2M |
自由现金流率CASHHOG
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 25.7% | ||
| Q3 25 | 160.9% | -12.0% | ||
| Q2 25 | 14.1% | 31.7% | ||
| Q1 25 | 67.2% | 10.3% | ||
| Q4 24 | -40.4% | 17.9% | ||
| Q3 24 | 77.3% | 34.1% | ||
| Q2 24 | 58.8% | 31.9% |
资本支出强度CASHHOG
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 13.2% | ||
| Q3 25 | 1.8% | 3.4% | ||
| Q2 25 | 1.4% | 3.4% | ||
| Q1 25 | 1.3% | 2.8% | ||
| Q4 24 | 1.1% | 13.0% | ||
| Q3 24 | 2.4% | 6.0% | ||
| Q2 24 | 1.2% | 3.1% |
现金转化率CASHHOG
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | -0.25× | ||
| Q2 25 | 0.72× | 3.42× | ||
| Q1 25 | 2.51× | 1.06× | ||
| Q4 24 | -2.39× | — | ||
| Q3 24 | 4.27× | 2.97× | ||
| Q2 24 | 2.52× | 2.17× |
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% |
HOG
| Motorcycles | $193.9M | 50% |
| Other | $63.8M | 16% |
| Other Income Financial Services | $59.8M | 15% |
| Apparel | $47.2M | 12% |
| Livewire Segment | $11.4M | 3% |
