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PATHWARD FINANCIAL, INC.（CASH）与MALIBU BOATS, INC.（MBUU）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MALIBU BOATS, INC.的1.5倍（$276.3M vs $188.6M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs -1.3%，领先27.7%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs -3.7%）
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。
马里布游艇是美国休闲游艇制造商，1982年创立于加利福尼亚州默塞德，现总部位于田纳西州洛登，在澳大利亚新南威尔士州也设有生产基地。它是全球最大的水上运动拖船制造商，产品可供休闲使用，也应用于滑水、尾波滑板等各类赛事活动。
CASH vs MBUU — 直观对比
营收规模更大
CASH
是对方的1.5倍
$188.6M
净利率更高
CASH
高出27.7%
-1.3%
两年增速更快
CASH
近两年复合增速
-3.7%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $188.6M |
| 净利润 | $72.9M | $-2.5M |
| 毛利率 | — | 13.3% |
| 营业利润率 | — | -1.9% |
| 净利率 | 26.4% | -1.3% |
| 营收同比 | — | -5.8% |
| 净利润同比 | — | -204.2% |
| 每股收益（稀释后） | $3.35 | $-0.13 |
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CASHMBUU
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $188.6M | ||
| Q3 25 | $186.7M | $194.7M | ||
| Q2 25 | $195.8M | $207.0M | ||
| Q1 25 | $274.8M | $228.7M | ||
| Q4 24 | $182.6M | $200.3M | ||
| Q3 24 | $179.5M | $171.6M | ||
| Q2 24 | $188.6M | $158.7M |
净利润CASHMBUU
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $-2.5M | ||
| Q3 25 | $38.8M | $-702.0K | ||
| Q2 25 | $42.1M | $4.7M | ||
| Q1 25 | $75.0M | $12.9M | ||
| Q4 24 | $30.0M | $2.4M | ||
| Q3 24 | $33.5M | $-5.0M | ||
| Q2 24 | $44.9M | $-19.2M |
毛利率CASHMBUU
| Q1 26 | — | — | ||
| Q4 25 | — | 13.3% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 15.8% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 7.9% |
营业利润率CASHMBUU
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | -1.9% | ||
| Q3 25 | 25.9% | -0.4% | ||
| Q2 25 | 24.1% | 3.3% | ||
| Q1 25 | 33.2% | 7.6% | ||
| Q4 24 | 19.8% | 1.6% | ||
| Q3 24 | 20.9% | -3.3% | ||
| Q2 24 | 27.1% | -15.4% |
净利率CASHMBUU
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | -1.3% | ||
| Q3 25 | 20.8% | -0.4% | ||
| Q2 25 | 21.5% | 2.3% | ||
| Q1 25 | 27.3% | 5.6% | ||
| Q4 24 | 16.4% | 1.2% | ||
| Q3 24 | 18.7% | -2.9% | ||
| Q2 24 | 23.8% | -12.1% |
每股收益（稀释后）CASHMBUU
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $-0.13 | ||
| Q3 25 | $1.69 | $-0.04 | ||
| Q2 25 | $1.81 | $0.23 | ||
| Q1 25 | $3.14 | $0.66 | ||
| Q4 24 | $1.23 | $0.12 | ||
| Q3 24 | $1.34 | $-0.25 | ||
| Q2 24 | $1.78 | $-0.93 |
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 | $28.2M |
| 总债务越低越好 | $59.5M | $20.0M |
| 股东权益账面价值 | $850.7M | $495.0M |
| 总资产 | $7.1B | $715.7M |
| 负债/权益比越低杠杆越低 | 0.07× | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资CASHMBUU
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $28.2M | ||
| Q3 25 | $120.6M | $44.1M | ||
| Q2 25 | $258.3M | $37.0M | ||
| Q1 25 | $254.2M | $38.7M | ||
| Q4 24 | $597.4M | $35.1M | ||
| Q3 24 | $158.3M | $27.7M | ||
| Q2 24 | $298.9M | $26.9M |
总债务CASHMBUU
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $20.0M | ||
| Q3 25 | $33.5M | $23.0M | ||
| Q2 25 | $33.4M | $18.0M | ||
| Q1 25 | $33.4M | $28.0M | ||
| Q4 24 | $33.4M | $23.0M | ||
| Q3 24 | $33.4M | $28.0M | ||
| Q2 24 | $33.3M | $0 |
股东权益CASHMBUU
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $495.0M | ||
| Q3 25 | $858.0M | $516.4M | ||
| Q2 25 | $819.0M | $515.5M | ||
| Q1 25 | $814.7M | $513.0M | ||
| Q4 24 | $758.3M | $509.8M | ||
| Q3 24 | $822.5M | $517.7M | ||
| Q2 24 | $748.4M | $530.0M |
总资产CASHMBUU
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $715.7M | ||
| Q3 25 | $7.2B | $755.6M | ||
| Q2 25 | $7.2B | $734.6M | ||
| Q1 25 | $7.0B | $758.8M | ||
| Q4 24 | $7.6B | $738.7M | ||
| Q3 24 | $7.5B | $759.1M | ||
| Q2 24 | $7.5B | $739.6M |
负债/权益比CASHMBUU
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.04× | ||
| Q3 25 | 0.04× | 0.04× | ||
| Q2 25 | 0.04× | 0.03× | ||
| Q1 25 | 0.04× | 0.05× | ||
| Q4 24 | 0.04× | 0.05× | ||
| Q3 24 | 0.04× | 0.05× | ||
| Q2 24 | 0.04× | 0.00× |
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 | — | $12.6M |
| 自由现金流经营现金流 - 资本支出 | — | $8.2M |
| 自由现金流率自由现金流/营收 | — | 4.4% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 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 | — | $33.3M |
8季度趋势，按日历期对齐
经营现金流CASHMBUU
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $12.6M | ||
| Q3 25 | $303.7M | $6.5M | ||
| Q2 25 | $30.4M | $21.0M | ||
| Q1 25 | $188.3M | $15.5M | ||
| Q4 24 | $-71.7M | $28.4M | ||
| Q3 24 | $143.1M | $-8.4M | ||
| Q2 24 | $113.2M | $16.3M |
自由现金流CASHMBUU
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $8.2M | ||
| Q3 25 | $300.3M | $2.2M | ||
| Q2 25 | $27.7M | $14.1M | ||
| Q1 25 | $184.7M | $8.8M | ||
| Q4 24 | $-73.8M | $22.8M | ||
| Q3 24 | $138.8M | $-17.0M | ||
| Q2 24 | $111.0M | $4.5M |
自由现金流率CASHMBUU
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 4.4% | ||
| Q3 25 | 160.9% | 1.1% | ||
| Q2 25 | 14.1% | 6.8% | ||
| Q1 25 | 67.2% | 3.8% | ||
| Q4 24 | -40.4% | 11.4% | ||
| Q3 24 | 77.3% | -9.9% | ||
| Q2 24 | 58.8% | 2.8% |
资本支出强度CASHMBUU
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 2.3% | ||
| Q3 25 | 1.8% | 2.2% | ||
| Q2 25 | 1.4% | 3.4% | ||
| Q1 25 | 1.3% | 2.9% | ||
| Q4 24 | 1.1% | 2.8% | ||
| Q3 24 | 2.4% | 5.0% | ||
| Q2 24 | 1.2% | 7.5% |
现金转化率CASHMBUU
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | 4.50× | ||
| Q1 25 | 2.51× | 1.20× | ||
| Q4 24 | -2.39× | 12.02× | ||
| Q3 24 | 4.27× | — | ||
| 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% |
MBUU
| Boatand Trailer Sales | $68.1M | 36% |
| Saltwater Fishing | $65.3M | 35% |
| Cobalt | $52.6M | 28% |
| Part And Other Sales | $2.6M | 1% |
