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PATHWARD FINANCIAL, INC.（CASH）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
KADANT INC的季度营收约是PATHWARD FINANCIAL, INC.的1.6倍（$271.6M vs $173.1M），PATHWARD FINANCIAL, INC.净利率更高（20.3% vs 10.2%，领先10.1%），KADANT INC同比增速更快（-0.0% vs -0.2%），PATHWARD FINANCIAL, INC.自由现金流更多（$104.1M vs $44.1M），过去两年KADANT INC的营收复合增速更高（6.7% 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。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
CASH vs KAI — 直观对比
营收规模更大
KAI
是对方的1.6倍
$173.1M
营收增速更快
KAI
高出0.2%
-0.2%
净利率更高
CASH
高出10.1%
10.2%
自由现金流更多
CASH
多$60.0M
$44.1M
两年增速更快
KAI
近两年复合增速
-18.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $173.1M | $271.6M |
| 净利润 | $35.2M | $27.7M |
| 毛利率 | — | 45.2% |
| 营业利润率 | 24.6% | 15.7% |
| 净利率 | 20.3% | 10.2% |
| 营收同比 | -0.2% | -0.0% |
| 净利润同比 | 11.9% | -12.2% |
| 每股收益（稀释后） | $1.57 | $2.35 |
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CASHKAI
| Q4 25 | $173.1M | — | ||
| Q3 25 | $186.7M | $271.6M | ||
| Q2 25 | $195.8M | $255.3M | ||
| Q1 25 | $274.8M | $239.2M | ||
| Q4 24 | $182.6M | $258.0M | ||
| Q3 24 | $179.5M | $271.6M | ||
| Q2 24 | $188.6M | $274.8M | ||
| Q1 24 | $257.6M | $249.0M |
净利润CASHKAI
| Q4 25 | $35.2M | — | ||
| Q3 25 | $38.8M | $27.7M | ||
| Q2 25 | $42.1M | $26.2M | ||
| Q1 25 | $75.0M | $24.1M | ||
| Q4 24 | $30.0M | $24.0M | ||
| Q3 24 | $33.5M | $31.6M | ||
| Q2 24 | $44.9M | $31.3M | ||
| Q1 24 | $69.9M | $24.7M |
毛利率CASHKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 45.2% | ||
| Q2 25 | — | 45.9% | ||
| Q1 25 | — | 46.1% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 44.4% | ||
| Q1 24 | — | 44.6% |
营业利润率CASHKAI
| Q4 25 | 24.6% | — | ||
| Q3 25 | 25.9% | 15.7% | ||
| Q2 25 | 24.1% | 15.4% | ||
| Q1 25 | 33.2% | 14.9% | ||
| Q4 24 | 19.8% | 14.3% | ||
| Q3 24 | 20.9% | 18.0% | ||
| Q2 24 | 27.1% | 17.6% | ||
| Q1 24 | 33.8% | 14.8% |
净利率CASHKAI
| Q4 25 | 20.3% | — | ||
| Q3 25 | 20.8% | 10.2% | ||
| Q2 25 | 21.5% | 10.2% | ||
| Q1 25 | 27.3% | 10.1% | ||
| Q4 24 | 16.4% | 9.3% | ||
| Q3 24 | 18.7% | 11.6% | ||
| Q2 24 | 23.8% | 11.4% | ||
| Q1 24 | 27.1% | 9.9% |
每股收益（稀释后）CASHKAI
| Q4 25 | $1.57 | — | ||
| Q3 25 | $1.69 | $2.35 | ||
| Q2 25 | $1.81 | $2.22 | ||
| Q1 25 | $3.14 | $2.04 | ||
| Q4 24 | $1.23 | $2.04 | ||
| Q3 24 | $1.34 | $2.68 | ||
| Q2 24 | $1.78 | $2.66 | ||
| Q1 24 | $2.74 | $2.10 |
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 | $124.5M |
| 总债务越低越好 | $33.5M | $254.6M |
| 股东权益账面价值 | $854.5M | $949.8M |
| 总资产 | $7.6B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资CASHKAI
| Q4 25 | $331.2M | — | ||
| Q3 25 | $120.6M | $124.5M | ||
| Q2 25 | $258.3M | $95.3M | ||
| Q1 25 | $254.2M | $91.7M | ||
| Q4 24 | $597.4M | $94.7M | ||
| Q3 24 | $158.3M | $88.4M | ||
| Q2 24 | $298.9M | $73.8M | ||
| Q1 24 | $347.9M | $81.4M |
总债务CASHKAI
| Q4 25 | $33.5M | — | ||
| Q3 25 | $33.5M | $254.6M | ||
| Q2 25 | $33.4M | $245.7M | ||
| Q1 25 | $33.4M | $273.5M | ||
| Q4 24 | $33.4M | $285.2M | ||
| Q3 24 | $33.4M | $323.2M | ||
| Q2 24 | $33.3M | $342.0M | ||
| Q1 24 | $33.4M | $306.8M |
股东权益CASHKAI
| Q4 25 | $854.5M | — | ||
| Q3 25 | $858.0M | $949.8M | ||
| Q2 25 | $819.0M | $926.0M | ||
| Q1 25 | $814.7M | $876.0M | ||
| Q4 24 | $758.3M | $847.1M | ||
| Q3 24 | $822.5M | $851.7M | ||
| Q2 24 | $748.4M | $807.7M | ||
| Q1 24 | $719.5M | $782.7M |
总资产CASHKAI
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.2B | $1.5B | ||
| Q2 25 | $7.2B | $1.5B | ||
| Q1 25 | $7.0B | $1.4B | ||
| Q4 24 | $7.6B | $1.4B | ||
| Q3 24 | $7.5B | $1.5B | ||
| Q2 24 | $7.5B | $1.5B | ||
| Q1 24 | $7.4B | $1.4B |
负债/权益比CASHKAI
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | 0.27× | ||
| Q2 25 | 0.04× | 0.27× | ||
| Q1 25 | 0.04× | 0.31× | ||
| Q4 24 | 0.04× | 0.34× | ||
| Q3 24 | 0.04× | 0.38× | ||
| Q2 24 | 0.04× | 0.42× | ||
| Q1 24 | 0.05× | 0.39× |
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 | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $104.1M | $44.1M |
| 自由现金流率自由现金流/营收 | 60.1% | 16.2% |
| 资本支出强度资本支出/营收 | 2.4% | 1.2% |
| 现金转化率经营现金流/净利润 | 3.08× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $616.8M | $145.9M |
8季度趋势，按日历期对齐
经营现金流CASHKAI
| Q4 25 | $108.3M | — | ||
| Q3 25 | $303.7M | $47.3M | ||
| Q2 25 | $30.4M | $40.5M | ||
| Q1 25 | $188.3M | $22.8M | ||
| Q4 24 | $-71.7M | $51.9M | ||
| Q3 24 | $143.1M | $52.5M | ||
| Q2 24 | $113.2M | $28.1M | ||
| Q1 24 | $203.0M | $22.8M |
自由现金流CASHKAI
| Q4 25 | $104.1M | — | ||
| Q3 25 | $300.3M | $44.1M | ||
| Q2 25 | $27.7M | $36.5M | ||
| Q1 25 | $184.7M | $19.0M | ||
| Q4 24 | $-73.8M | $46.3M | ||
| Q3 24 | $138.8M | $48.3M | ||
| Q2 24 | $111.0M | $23.1M | ||
| Q1 24 | $201.3M | $16.6M |
自由现金流率CASHKAI
| Q4 25 | 60.1% | — | ||
| Q3 25 | 160.9% | 16.2% | ||
| Q2 25 | 14.1% | 14.3% | ||
| Q1 25 | 67.2% | 7.9% | ||
| Q4 24 | -40.4% | 17.9% | ||
| Q3 24 | 77.3% | 17.8% | ||
| Q2 24 | 58.8% | 8.4% | ||
| Q1 24 | 78.1% | 6.7% |
资本支出强度CASHKAI
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.8% | 1.2% | ||
| Q2 25 | 1.4% | 1.6% | ||
| Q1 25 | 1.3% | 1.6% | ||
| Q4 24 | 1.1% | 2.2% | ||
| Q3 24 | 2.4% | 1.5% | ||
| Q2 24 | 1.2% | 1.8% | ||
| Q1 24 | 0.7% | 2.5% |
现金转化率CASHKAI
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | 1.70× | ||
| Q2 25 | 0.72× | 1.55× | ||
| Q1 25 | 2.51× | 0.95× | ||
| Q4 24 | -2.39× | 2.16× | ||
| Q3 24 | 4.27× | 1.66× | ||
| Q2 24 | 2.52× | 0.90× | ||
| Q1 24 | 2.90× | 0.92× |
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% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
