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PATHWARD FINANCIAL, INC.（CASH）与Ranpak Holdings Corp.（PACK）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Ranpak Holdings Corp.的2.9倍（$276.3M vs $93.7M），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs 13.7%）
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。
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
CASH vs PACK — 直观对比
营收规模更大
CASH
是对方的2.9倍
$93.7M
两年增速更快
CASH
近两年复合增速
13.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $93.7M |
| 净利润 | $72.9M | — |
| 毛利率 | — | 39.0% |
| 营业利润率 | — | -1.0% |
| 净利率 | 26.4% | — |
| 营收同比 | — | 2.3% |
| 净利润同比 | — | — |
| 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CASHPACK
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $93.7M | ||
| Q3 25 | $186.7M | $83.6M | ||
| Q2 25 | $195.8M | $77.8M | ||
| Q1 25 | $274.8M | $77.6M | ||
| Q4 24 | $182.6M | $91.6M | ||
| Q3 24 | $179.5M | $78.6M | ||
| Q2 24 | $188.6M | $72.8M |
净利润CASHPACK
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | — | ||
| Q3 25 | $38.8M | $-10.4M | ||
| Q2 25 | $42.1M | $-7.5M | ||
| Q1 25 | $75.0M | $-10.9M | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $33.5M | $-8.1M | ||
| Q2 24 | $44.9M | $5.5M |
毛利率CASHPACK
| Q1 26 | — | — | ||
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 41.1% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 45.2% | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 43.5% |
营业利润率CASHPACK
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | -1.0% | ||
| Q3 25 | 25.9% | -6.8% | ||
| Q2 25 | 24.1% | -12.5% | ||
| Q1 25 | 33.2% | -10.3% | ||
| Q4 24 | 19.8% | 1.5% | ||
| Q3 24 | 20.9% | -5.3% | ||
| Q2 24 | 27.1% | -7.1% |
净利率CASHPACK
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | — | ||
| Q3 25 | 20.8% | -12.4% | ||
| Q2 25 | 21.5% | -9.6% | ||
| Q1 25 | 27.3% | -14.0% | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 18.7% | -10.3% | ||
| Q2 24 | 23.8% | 7.6% |
每股收益（稀释后）CASHPACK
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $-0.11 | ||
| Q3 25 | $1.69 | $-0.12 | ||
| Q2 25 | $1.81 | $-0.09 | ||
| Q1 25 | $3.14 | $-0.13 | ||
| Q4 24 | $1.23 | $-0.13 | ||
| Q3 24 | $1.34 | $-0.10 | ||
| Q2 24 | $1.78 | $0.07 |
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 | $63.0M |
| 总债务越低越好 | $59.5M | $401.9M |
| 股东权益账面价值 | $850.7M | $534.9M |
| 总资产 | $7.1B | $1.1B |
| 负债/权益比越低杠杆越低 | 0.07× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资CASHPACK
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $63.0M | ||
| Q3 25 | $120.6M | $49.9M | ||
| Q2 25 | $258.3M | $49.2M | ||
| Q1 25 | $254.2M | $65.5M | ||
| Q4 24 | $597.4M | $76.1M | ||
| Q3 24 | $158.3M | $69.5M | ||
| Q2 24 | $298.9M | $65.1M |
总债务CASHPACK
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $401.9M | ||
| Q3 25 | $33.5M | $403.1M | ||
| Q2 25 | $33.4M | $403.1M | ||
| Q1 25 | $33.4M | $405.2M | ||
| Q4 24 | $33.4M | $406.4M | ||
| Q3 24 | $33.4M | $403.2M | ||
| Q2 24 | $33.3M | $396.1M |
股东权益CASHPACK
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $534.9M | ||
| Q3 25 | $858.0M | $537.8M | ||
| Q2 25 | $819.0M | $539.0M | ||
| Q1 25 | $814.7M | $544.1M | ||
| Q4 24 | $758.3M | $548.1M | ||
| Q3 24 | $822.5M | $564.3M | ||
| Q2 24 | $748.4M | $566.2M |
总资产CASHPACK
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $1.1B | ||
| Q3 25 | $7.2B | $1.1B | ||
| Q2 25 | $7.2B | $1.1B | ||
| Q1 25 | $7.0B | $1.1B | ||
| Q4 24 | $7.6B | $1.1B | ||
| Q3 24 | $7.5B | $1.1B | ||
| Q2 24 | $7.5B | $1.1B |
负债/权益比CASHPACK
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.75× | ||
| Q3 25 | 0.04× | 0.75× | ||
| Q2 25 | 0.04× | 0.75× | ||
| Q1 25 | 0.04× | 0.74× | ||
| Q4 24 | 0.04× | 0.74× | ||
| Q3 24 | 0.04× | 0.71× | ||
| Q2 24 | 0.04× | 0.70× |
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 | — | $19.5M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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CASHPACK
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $19.5M | ||
| Q3 25 | $303.7M | $8.5M | ||
| Q2 25 | $30.4M | $-3.6M | ||
| Q1 25 | $188.3M | $-1.3M | ||
| Q4 24 | $-71.7M | $6.5M | ||
| Q3 24 | $143.1M | $10.1M | ||
| Q2 24 | $113.2M | $19.6M |
自由现金流CASHPACK
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | — | ||
| Q3 25 | $300.3M | — | ||
| Q2 25 | $27.7M | — | ||
| Q1 25 | $184.7M | — | ||
| Q4 24 | $-73.8M | — | ||
| Q3 24 | $138.8M | — | ||
| Q2 24 | $111.0M | — |
自由现金流率CASHPACK
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | — | ||
| Q3 25 | 160.9% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 67.2% | — | ||
| Q4 24 | -40.4% | — | ||
| Q3 24 | 77.3% | — | ||
| Q2 24 | 58.8% | — |
资本支出强度CASHPACK
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.2% | — |
现金转化率CASHPACK
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | — | ||
| Q3 24 | 4.27× | — | ||
| Q2 24 | 2.52× | 3.56× |
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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
