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PATHWARD FINANCIAL, INC.（CASH）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
PATHWARD FINANCIAL, INC.的季度营收约是百胜餐饮集团的1.4倍（$276.3M vs $204.1M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs 8.9%，领先17.5%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs 19.8%）
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。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
CASH vs LCUT — 直观对比
营收规模更大
CASH
是对方的1.4倍
$204.1M
净利率更高
CASH
高出17.5%
8.9%
两年增速更快
CASH
近两年复合增速
19.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $204.1M |
| 净利润 | $72.9M | $18.2M |
| 毛利率 | — | 38.6% |
| 营业利润率 | — | 9.8% |
| 净利率 | 26.4% | 8.9% |
| 营收同比 | — | -5.2% |
| 净利润同比 | — | 103.5% |
| 每股收益（稀释后） | $3.35 | $0.83 |
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CASHLCUT
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $204.1M | ||
| Q3 25 | $186.7M | $171.9M | ||
| Q2 25 | $195.8M | $131.9M | ||
| Q1 25 | $274.8M | $140.1M | ||
| Q4 24 | $182.6M | $215.2M | ||
| Q3 24 | $179.5M | $183.8M | ||
| Q2 24 | $188.6M | $141.7M |
净利润CASHLCUT
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $18.2M | ||
| Q3 25 | $38.8M | $-1.2M | ||
| Q2 25 | $42.1M | $-39.7M | ||
| Q1 25 | $75.0M | $-4.2M | ||
| Q4 24 | $30.0M | $8.9M | ||
| Q3 24 | $33.5M | $344.0K | ||
| Q2 24 | $44.9M | $-18.2M |
毛利率CASHLCUT
| Q1 26 | — | — | ||
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | 38.6% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.7% | ||
| Q2 24 | — | 38.5% |
营业利润率CASHLCUT
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 9.8% | ||
| Q3 25 | 25.9% | 3.9% | ||
| Q2 25 | 24.1% | -28.2% | ||
| Q1 25 | 33.2% | 0.8% | ||
| Q4 24 | 19.8% | 7.2% | ||
| Q3 24 | 20.9% | 4.7% | ||
| Q2 24 | 27.1% | 0.8% |
净利率CASHLCUT
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 8.9% | ||
| Q3 25 | 20.8% | -0.7% | ||
| Q2 25 | 21.5% | -30.1% | ||
| Q1 25 | 27.3% | -3.0% | ||
| Q4 24 | 16.4% | 4.1% | ||
| Q3 24 | 18.7% | 0.2% | ||
| Q2 24 | 23.8% | -12.8% |
每股收益（稀释后）CASHLCUT
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $0.83 | ||
| Q3 25 | $1.69 | $-0.05 | ||
| Q2 25 | $1.81 | $-1.83 | ||
| Q1 25 | $3.14 | $-0.19 | ||
| Q4 24 | $1.23 | $0.41 | ||
| Q3 24 | $1.34 | $0.02 | ||
| Q2 24 | $1.78 | $-0.85 |
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 | $4.3M |
| 总债务越低越好 | $59.5M | $135.0M |
| 股东权益账面价值 | $850.7M | $202.3M |
| 总资产 | $7.1B | $572.6M |
| 负债/权益比越低杠杆越低 | 0.07× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资CASHLCUT
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $4.3M | ||
| Q3 25 | $120.6M | $12.1M | ||
| Q2 25 | $258.3M | $12.0M | ||
| Q1 25 | $254.2M | $10.4M | ||
| Q4 24 | $597.4M | $2.9M | ||
| Q3 24 | $158.3M | $6.0M | ||
| Q2 24 | $298.9M | $3.4M |
总债务CASHLCUT
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $135.0M | ||
| Q3 25 | $33.5M | — | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $33.4M | — | ||
| Q4 24 | $33.4M | $142.5M | ||
| Q3 24 | $33.4M | — | ||
| Q2 24 | $33.3M | — |
股东权益CASHLCUT
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $202.3M | ||
| Q3 25 | $858.0M | $184.6M | ||
| Q2 25 | $819.0M | $185.8M | ||
| Q1 25 | $814.7M | $225.7M | ||
| Q4 24 | $758.3M | $229.9M | ||
| Q3 24 | $822.5M | $220.9M | ||
| Q2 24 | $748.4M | $219.8M |
总资产CASHLCUT
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $572.6M | ||
| Q3 25 | $7.2B | $581.1M | ||
| Q2 25 | $7.2B | $551.9M | ||
| Q1 25 | $7.0B | $594.6M | ||
| Q4 24 | $7.6B | $634.3M | ||
| Q3 24 | $7.5B | $668.7M | ||
| Q2 24 | $7.5B | $617.0M |
负债/权益比CASHLCUT
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.67× | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | 0.62× | ||
| 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 | — | $3.7M |
| 自由现金流经营现金流 - 资本支出 | — | $2.6M |
| 自由现金流率自由现金流/营收 | — | 1.3% |
| 资本支出强度资本支出/营收 | — | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.21× |
| 过去12个月自由现金流最近4个季度 | — | $3.3M |
8季度趋势，按日历期对齐
经营现金流CASHLCUT
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $3.7M | ||
| Q3 25 | $303.7M | $-22.2M | ||
| Q2 25 | $30.4M | $9.3M | ||
| Q1 25 | $188.3M | $16.7M | ||
| Q4 24 | $-71.7M | $20.3M | ||
| Q3 24 | $143.1M | $-22.7M | ||
| Q2 24 | $113.2M | $10.4M |
自由现金流CASHLCUT
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $2.6M | ||
| Q3 25 | $300.3M | $-22.7M | ||
| Q2 25 | $27.7M | $8.2M | ||
| Q1 25 | $184.7M | $15.1M | ||
| Q4 24 | $-73.8M | $19.7M | ||
| Q3 24 | $138.8M | $-23.2M | ||
| Q2 24 | $111.0M | $9.9M |
自由现金流率CASHLCUT
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 1.3% | ||
| Q3 25 | 160.9% | -13.2% | ||
| Q2 25 | 14.1% | 6.2% | ||
| Q1 25 | 67.2% | 10.8% | ||
| Q4 24 | -40.4% | 9.1% | ||
| Q3 24 | 77.3% | -12.6% | ||
| Q2 24 | 58.8% | 7.0% |
资本支出强度CASHLCUT
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 0.6% | ||
| Q3 25 | 1.8% | 0.3% | ||
| Q2 25 | 1.4% | 0.9% | ||
| Q1 25 | 1.3% | 1.1% | ||
| Q4 24 | 1.1% | 0.3% | ||
| Q3 24 | 2.4% | 0.3% | ||
| Q2 24 | 1.2% | 0.4% |
现金转化率CASHLCUT
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 0.21× | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | 2.28× | ||
| Q3 24 | 4.27× | -65.89× | ||
| Q2 24 | 2.52× | — |
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% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
