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PATHWARD FINANCIAL, INC.（CASH）与麦格劳希尔（MH）财务数据对比。点击上方公司名可切换其他公司
麦格劳希尔的季度营收约是PATHWARD FINANCIAL, INC.的1.6倍（$434.2M vs $276.3M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs -4.7%，领先31.0%）
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。
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
CASH vs MH — 直观对比
营收规模更大
MH
是对方的1.6倍
$276.3M
净利率更高
CASH
高出31.0%
-4.7%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $434.2M |
| 净利润 | $72.9M | $-20.2M |
| 毛利率 | — | 85.3% |
| 营业利润率 | — | 7.0% |
| 净利率 | 26.4% | -4.7% |
| 营收同比 | — | -35.1% |
| 净利润同比 | — | -119.2% |
| 每股收益（稀释后） | $3.35 | $-0.11 |
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CASHMH
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $434.2M | ||
| Q3 25 | $186.7M | $669.2M | ||
| Q2 25 | $195.8M | $535.7M | ||
| Q1 25 | $274.8M | — | ||
| Q4 24 | $182.6M | — | ||
| Q3 24 | $179.5M | — | ||
| Q2 24 | $188.6M | — |
净利润CASHMH
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $-20.2M | ||
| Q3 25 | $38.8M | $105.3M | ||
| Q2 25 | $42.1M | $502.0K | ||
| Q1 25 | $75.0M | — | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $33.5M | — | ||
| Q2 24 | $44.9M | — |
毛利率CASHMH
| Q1 26 | — | — | ||
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 79.2% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率CASHMH
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 7.0% | ||
| Q3 25 | 25.9% | 23.4% | ||
| Q2 25 | 24.1% | 18.0% | ||
| Q1 25 | 33.2% | — | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 20.9% | — | ||
| Q2 24 | 27.1% | — |
净利率CASHMH
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | -4.7% | ||
| Q3 25 | 20.8% | 15.7% | ||
| Q2 25 | 21.5% | 0.1% | ||
| Q1 25 | 27.3% | — | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 18.7% | — | ||
| Q2 24 | 23.8% | — |
每股收益（稀释后）CASHMH
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $-0.11 | ||
| Q3 25 | $1.69 | $0.57 | ||
| Q2 25 | $1.81 | $0.00 | ||
| Q1 25 | $3.14 | — | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $1.34 | — | ||
| Q2 24 | $1.78 | — |
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 | $514.4M |
| 总债务越低越好 | $59.5M | $2.6B |
| 股东权益账面价值 | $850.7M | $775.3M |
| 总资产 | $7.1B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.07× | 3.36× |
8季度趋势，按日历期对齐
现金及短期投资CASHMH
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $514.4M | ||
| Q3 25 | $120.6M | $463.2M | ||
| Q2 25 | $258.3M | $247.3M | ||
| Q1 25 | $254.2M | — | ||
| Q4 24 | $597.4M | — | ||
| Q3 24 | $158.3M | — | ||
| Q2 24 | $298.9M | — |
总债务CASHMH
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $2.6B | ||
| Q3 25 | $33.5M | $2.8B | ||
| Q2 25 | $33.4M | $3.2B | ||
| Q1 25 | $33.4M | — | ||
| Q4 24 | $33.4M | — | ||
| Q3 24 | $33.4M | — | ||
| Q2 24 | $33.3M | — |
股东权益CASHMH
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $775.3M | ||
| Q3 25 | $858.0M | $794.6M | ||
| Q2 25 | $819.0M | $283.3M | ||
| Q1 25 | $814.7M | — | ||
| Q4 24 | $758.3M | — | ||
| Q3 24 | $822.5M | — | ||
| Q2 24 | $748.4M | — |
总资产CASHMH
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $5.6B | ||
| Q3 25 | $7.2B | $6.0B | ||
| Q2 25 | $7.2B | $5.7B | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $7.6B | — | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $7.5B | — |
负债/权益比CASHMH
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 3.36× | ||
| Q3 25 | 0.04× | 3.52× | ||
| Q2 25 | 0.04× | 11.17× | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | — | ||
| 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 | — | $309.0M |
| 自由现金流经营现金流 - 资本支出 | — | $285.4M |
| 自由现金流率自由现金流/营收 | — | 65.7% |
| 资本支出强度资本支出/营收 | — | 5.4% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流CASHMH
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $309.0M | ||
| Q3 25 | $303.7M | $265.0M | ||
| Q2 25 | $30.4M | $-96.7M | ||
| Q1 25 | $188.3M | — | ||
| Q4 24 | $-71.7M | — | ||
| Q3 24 | $143.1M | — | ||
| Q2 24 | $113.2M | — |
自由现金流CASHMH
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $285.4M | ||
| Q3 25 | $300.3M | $243.8M | ||
| Q2 25 | $27.7M | $-112.9M | ||
| Q1 25 | $184.7M | — | ||
| Q4 24 | $-73.8M | — | ||
| Q3 24 | $138.8M | — | ||
| Q2 24 | $111.0M | — |
自由现金流率CASHMH
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 65.7% | ||
| Q3 25 | 160.9% | 36.4% | ||
| Q2 25 | 14.1% | -21.1% | ||
| Q1 25 | 67.2% | — | ||
| Q4 24 | -40.4% | — | ||
| Q3 24 | 77.3% | — | ||
| Q2 24 | 58.8% | — |
资本支出强度CASHMH
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 5.4% | ||
| Q3 25 | 1.8% | 3.2% | ||
| Q2 25 | 1.4% | 3.0% | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.2% | — |
现金转化率CASHMH
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | 2.52× | ||
| Q2 25 | 0.72× | -192.53× | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | — | ||
| 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% |
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
