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PATHWARD FINANCIAL, INC.（CASH）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
MARCUS CORP的季度营收约是PATHWARD FINANCIAL, INC.的1.1倍（$193.5M vs $173.1M），MARCUS CORP同比增速更快（2.8% vs -0.2%），PATHWARD FINANCIAL, INC.自由现金流更多（$104.1M vs $26.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% 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。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
CASH vs MCS — 直观对比
营收规模更大
MCS
是对方的1.1倍
$173.1M
营收增速更快
MCS
高出3.0%
-0.2%
自由现金流更多
CASH
多$77.7M
$26.4M
两年增速更快
MCS
近两年复合增速
-18.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $173.1M | $193.5M |
| 净利润 | $35.2M | — |
| 毛利率 | — | — |
| 营业利润率 | 24.6% | 0.9% |
| 净利率 | 20.3% | — |
| 营收同比 | -0.2% | 2.8% |
| 净利润同比 | 11.9% | — |
| 每股收益（稀释后） | $1.57 | — |
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CASHMCS
| Q4 25 | $173.1M | $193.5M | ||
| Q3 25 | $186.7M | $210.2M | ||
| Q2 25 | $195.8M | $206.0M | ||
| Q1 25 | $274.8M | $148.8M | ||
| Q4 24 | $182.6M | $188.3M | ||
| Q3 24 | $179.5M | $232.7M | ||
| Q2 24 | $188.6M | $176.0M | ||
| Q1 24 | $257.6M | $138.5M |
净利润CASHMCS
| Q4 25 | $35.2M | — | ||
| Q3 25 | $38.8M | $16.2M | ||
| Q2 25 | $42.1M | $7.3M | ||
| Q1 25 | $75.0M | $-16.8M | ||
| Q4 24 | $30.0M | $986.0K | ||
| Q3 24 | $33.5M | $23.3M | ||
| Q2 24 | $44.9M | $-20.2M | ||
| Q1 24 | $69.9M | $-11.9M |
营业利润率CASHMCS
| Q4 25 | 24.6% | 0.9% | ||
| Q3 25 | 25.9% | 10.8% | ||
| Q2 25 | 24.1% | 6.3% | ||
| Q1 25 | 33.2% | -13.7% | ||
| Q4 24 | 19.8% | -1.2% | ||
| Q3 24 | 20.9% | 14.1% | ||
| Q2 24 | 27.1% | 1.3% | ||
| Q1 24 | 33.8% | -12.0% |
净利率CASHMCS
| Q4 25 | 20.3% | — | ||
| Q3 25 | 20.8% | 7.7% | ||
| Q2 25 | 21.5% | 3.6% | ||
| Q1 25 | 27.3% | -11.3% | ||
| Q4 24 | 16.4% | 0.5% | ||
| Q3 24 | 18.7% | 10.0% | ||
| Q2 24 | 23.8% | -11.5% | ||
| Q1 24 | 27.1% | -8.6% |
每股收益（稀释后）CASHMCS
| Q4 25 | $1.57 | — | ||
| Q3 25 | $1.69 | — | ||
| Q2 25 | $1.81 | — | ||
| Q1 25 | $3.14 | — | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $1.34 | — | ||
| Q2 24 | $1.78 | — | ||
| Q1 24 | $2.74 | — |
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 | $23.4M |
| 总债务越低越好 | $33.5M | $159.0M |
| 股东权益账面价值 | $854.5M | $457.4M |
| 总资产 | $7.6B | $1.0B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资CASHMCS
| Q4 25 | $331.2M | $23.4M | ||
| Q3 25 | $120.6M | $7.4M | ||
| Q2 25 | $258.3M | $14.9M | ||
| Q1 25 | $254.2M | $11.9M | ||
| Q4 24 | $597.4M | $40.8M | ||
| Q3 24 | $158.3M | $28.4M | ||
| Q2 24 | $298.9M | $32.8M | ||
| Q1 24 | $347.9M | $17.3M |
总债务CASHMCS
| Q4 25 | $33.5M | $159.0M | ||
| Q3 25 | $33.5M | $162.0M | ||
| Q2 25 | $33.4M | $179.9M | ||
| Q1 25 | $33.4M | $198.9M | ||
| Q4 24 | $33.4M | $159.1M | ||
| Q3 24 | $33.4M | $173.1M | ||
| Q2 24 | $33.3M | $175.7M | ||
| Q1 24 | $33.4M | $169.8M |
股东权益CASHMCS
| Q4 25 | $854.5M | $457.4M | ||
| Q3 25 | $858.0M | $454.3M | ||
| Q2 25 | $819.0M | $448.4M | ||
| Q1 25 | $814.7M | $441.8M | ||
| Q4 24 | $758.3M | $464.9M | ||
| Q3 24 | $822.5M | $462.3M | ||
| Q2 24 | $748.4M | $449.4M | ||
| Q1 24 | $719.5M | $459.3M |
总资产CASHMCS
| Q4 25 | $7.6B | $1.0B | ||
| Q3 25 | $7.2B | $1.0B | ||
| Q2 25 | $7.2B | $1.0B | ||
| Q1 25 | $7.0B | $1.0B | ||
| Q4 24 | $7.6B | $1.0B | ||
| Q3 24 | $7.5B | $1.0B | ||
| Q2 24 | $7.5B | $1.1B | ||
| Q1 24 | $7.4B | $1.0B |
负债/权益比CASHMCS
| Q4 25 | 0.04× | 0.35× | ||
| Q3 25 | 0.04× | 0.36× | ||
| Q2 25 | 0.04× | 0.40× | ||
| Q1 25 | 0.04× | 0.45× | ||
| Q4 24 | 0.04× | 0.34× | ||
| Q3 24 | 0.04× | 0.37× | ||
| Q2 24 | 0.04× | 0.39× | ||
| Q1 24 | 0.05× | 0.37× |
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 | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $104.1M | $26.4M |
| 自由现金流率自由现金流/营收 | 60.1% | 13.6% |
| 资本支出强度资本支出/营收 | 2.4% | 11.6% |
| 现金转化率经营现金流/净利润 | 3.08× | — |
| 过去12个月自由现金流最近4个季度 | $616.8M | $989.0K |
8季度趋势，按日历期对齐
经营现金流CASHMCS
| Q4 25 | $108.3M | $48.8M | ||
| Q3 25 | $303.7M | $39.1M | ||
| Q2 25 | $30.4M | $31.6M | ||
| Q1 25 | $188.3M | $-35.3M | ||
| Q4 24 | $-71.7M | $52.6M | ||
| Q3 24 | $143.1M | $30.5M | ||
| Q2 24 | $113.2M | $36.0M | ||
| Q1 24 | $203.0M | $-15.1M |
自由现金流CASHMCS
| Q4 25 | $104.1M | $26.4M | ||
| Q3 25 | $300.3M | $18.2M | ||
| Q2 25 | $27.7M | $14.7M | ||
| Q1 25 | $184.7M | $-58.3M | ||
| Q4 24 | $-73.8M | $27.1M | ||
| Q3 24 | $138.8M | $12.0M | ||
| Q2 24 | $111.0M | $16.1M | ||
| Q1 24 | $201.3M | $-30.5M |
自由现金流率CASHMCS
| Q4 25 | 60.1% | 13.6% | ||
| Q3 25 | 160.9% | 8.7% | ||
| Q2 25 | 14.1% | 7.1% | ||
| Q1 25 | 67.2% | -39.2% | ||
| Q4 24 | -40.4% | 14.4% | ||
| Q3 24 | 77.3% | 5.2% | ||
| Q2 24 | 58.8% | 9.2% | ||
| Q1 24 | 78.1% | -22.0% |
资本支出强度CASHMCS
| Q4 25 | 2.4% | 11.6% | ||
| Q3 25 | 1.8% | 9.9% | ||
| Q2 25 | 1.4% | 8.2% | ||
| Q1 25 | 1.3% | 15.5% | ||
| Q4 24 | 1.1% | 13.5% | ||
| Q3 24 | 2.4% | 7.9% | ||
| Q2 24 | 1.2% | 11.3% | ||
| Q1 24 | 0.7% | 11.1% |
现金转化率CASHMCS
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | 2.41× | ||
| Q2 25 | 0.72× | 4.32× | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | 53.31× | ||
| Q3 24 | 4.27× | 1.31× | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 2.90× | — |
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% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
