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PATHWARD FINANCIAL, INC.（CASH）与微宏控股（MVST）财务数据对比。点击上方公司名可切换其他公司
PATHWARD FINANCIAL, INC.的季度营收约是微宏控股的2.9倍（$276.3M vs $96.4M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs 17.2%，领先9.2%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs 8.9%）
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。
微宏控股是一家电池科技企业，总部位于美国得克萨斯州斯塔福德，在纳斯达克上市。公司主要面向商用电动汽车与并网储能系统，设计、研发并生产电池组件及电池系统，目前在美国、中国、德国均设有生产基地。
CASH vs MVST — 直观对比
营收规模更大
CASH
是对方的2.9倍
$96.4M
净利率更高
CASH
高出9.2%
17.2%
两年增速更快
CASH
近两年复合增速
8.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $96.4M |
| 净利润 | $72.9M | $16.5M |
| 毛利率 | — | 1.0% |
| 营业利润率 | — | -42.7% |
| 净利率 | 26.4% | 17.2% |
| 营收同比 | — | -15.0% |
| 净利润同比 | — | 120.1% |
| 每股收益（稀释后） | $3.35 | $0.19 |
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CASHMVST
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $96.4M | ||
| Q3 25 | $186.7M | $123.3M | ||
| Q2 25 | $195.8M | $91.3M | ||
| Q1 25 | $274.8M | $116.5M | ||
| Q4 24 | $182.6M | $113.4M | ||
| Q3 24 | $179.5M | $101.4M | ||
| Q2 24 | $188.6M | $83.7M |
净利润CASHMVST
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $16.5M | ||
| Q3 25 | $38.8M | $-1.5M | ||
| Q2 25 | $42.1M | $-106.1M | ||
| Q1 25 | $75.0M | $61.8M | ||
| Q4 24 | $30.0M | $-82.3M | ||
| Q3 24 | $33.5M | $13.2M | ||
| Q2 24 | $44.9M | $-101.6M |
毛利率CASHMVST
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 34.7% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 32.5% |
营业利润率CASHMVST
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | -42.7% | ||
| Q3 25 | 25.9% | 10.5% | ||
| Q2 25 | 24.1% | 17.8% | ||
| Q1 25 | 33.2% | 16.3% | ||
| Q4 24 | 19.8% | -1.2% | ||
| Q3 24 | 20.9% | 7.1% | ||
| Q2 24 | 27.1% | -118.0% |
净利率CASHMVST
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 17.2% | ||
| Q3 25 | 20.8% | -1.2% | ||
| Q2 25 | 21.5% | -116.1% | ||
| Q1 25 | 27.3% | 53.0% | ||
| Q4 24 | 16.4% | -72.6% | ||
| Q3 24 | 18.7% | 13.1% | ||
| Q2 24 | 23.8% | -121.4% |
每股收益（稀释后）CASHMVST
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $0.19 | ||
| Q3 25 | $1.69 | $0.00 | ||
| Q2 25 | $1.81 | $-0.33 | ||
| Q1 25 | $3.14 | $0.05 | ||
| Q4 24 | $1.23 | $-0.24 | ||
| Q3 24 | $1.34 | $0.03 | ||
| Q2 24 | $1.78 | $-0.32 |
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 | $105.0M |
| 总债务越低越好 | $59.5M | $13.2M |
| 股东权益账面价值 | $850.7M | $410.5M |
| 总资产 | $7.1B | $1.0B |
| 负债/权益比越低杠杆越低 | 0.07× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资CASHMVST
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $105.0M | ||
| Q3 25 | $120.6M | $90.7M | ||
| Q2 25 | $258.3M | $99.7M | ||
| Q1 25 | $254.2M | $90.9M | ||
| Q4 24 | $597.4M | $73.0M | ||
| Q3 24 | $158.3M | $63.6M | ||
| Q2 24 | $298.9M | $68.2M |
总债务CASHMVST
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $13.2M | ||
| Q3 25 | $33.5M | $34.4M | ||
| Q2 25 | $33.4M | $34.2M | ||
| Q1 25 | $33.4M | $41.3M | ||
| Q4 24 | $33.4M | $41.1M | ||
| Q3 24 | $33.4M | $53.4M | ||
| Q2 24 | $33.3M | $34.2M |
股东权益CASHMVST
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $410.5M | ||
| Q3 25 | $858.0M | $358.1M | ||
| Q2 25 | $819.0M | $356.1M | ||
| Q1 25 | $814.7M | $454.2M | ||
| Q4 24 | $758.3M | $387.9M | ||
| Q3 24 | $822.5M | $486.1M | ||
| Q2 24 | $748.4M | $455.0M |
总资产CASHMVST
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $1.0B | ||
| Q3 25 | $7.2B | $1.0B | ||
| Q2 25 | $7.2B | $1.0B | ||
| Q1 25 | $7.0B | $982.9M | ||
| Q4 24 | $7.6B | $951.9M | ||
| Q3 24 | $7.5B | $997.9M | ||
| Q2 24 | $7.5B | $961.4M |
负债/权益比CASHMVST
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.03× | ||
| Q3 25 | 0.04× | 0.10× | ||
| Q2 25 | 0.04× | 0.10× | ||
| Q1 25 | 0.04× | 0.09× | ||
| Q4 24 | 0.04× | 0.11× | ||
| Q3 24 | 0.04× | 0.11× | ||
| Q2 24 | 0.04× | 0.08× |
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 | — | $16.4M |
| 自由现金流经营现金流 - 资本支出 | — | $15.8M |
| 自由现金流率自由现金流/营收 | — | 16.4% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | — | 0.99× |
| 过去12个月自由现金流最近4个季度 | — | $56.1M |
8季度趋势，按日历期对齐
经营现金流CASHMVST
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $16.4M | ||
| Q3 25 | $303.7M | $15.2M | ||
| Q2 25 | $30.4M | $37.2M | ||
| Q1 25 | $188.3M | $7.2M | ||
| Q4 24 | $-71.7M | $6.1M | ||
| Q3 24 | $143.1M | $-5.4M | ||
| Q2 24 | $113.2M | $111.0K |
自由现金流CASHMVST
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $15.8M | ||
| Q3 25 | $300.3M | $1.2M | ||
| Q2 25 | $27.7M | $34.3M | ||
| Q1 25 | $184.7M | $4.8M | ||
| Q4 24 | $-73.8M | $5.7M | ||
| Q3 24 | $138.8M | $-19.6M | ||
| Q2 24 | $111.0M | $-2.8M |
自由现金流率CASHMVST
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 16.4% | ||
| Q3 25 | 160.9% | 1.0% | ||
| Q2 25 | 14.1% | 37.5% | ||
| Q1 25 | 67.2% | 4.1% | ||
| Q4 24 | -40.4% | 5.1% | ||
| Q3 24 | 77.3% | -19.3% | ||
| Q2 24 | 58.8% | -3.4% |
资本支出强度CASHMVST
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 0.7% | ||
| Q3 25 | 1.8% | 11.3% | ||
| Q2 25 | 1.4% | 3.1% | ||
| Q1 25 | 1.3% | 2.0% | ||
| Q4 24 | 1.1% | 0.3% | ||
| Q3 24 | 2.4% | 14.0% | ||
| Q2 24 | 1.2% | 3.5% |
现金转化率CASHMVST
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 0.99× | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 2.51× | 0.12× | ||
| Q4 24 | -2.39× | — | ||
| Q3 24 | 4.27× | -0.41× | ||
| 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% |
MVST
| Europe | $35.1M | 36% |
| CN | $32.5M | 34% |
| US | $21.5M | 22% |
| Other | $7.2M | 8% |
