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PATHWARD FINANCIAL, INC.（CASH）与PEGASYSTEMS INC（PEGA）财务数据对比。点击上方公司名可切换其他公司
PEGASYSTEMS INC的季度营收约是PATHWARD FINANCIAL, INC.的1.6倍（$430.0M vs $276.3M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs 7.6%，领先18.8%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs 10.7%）
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。
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
CASH vs PEGA — 直观对比
营收规模更大
PEGA
是对方的1.6倍
$276.3M
净利率更高
CASH
高出18.8%
7.6%
两年增速更快
CASH
近两年复合增速
10.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $430.0M |
| 净利润 | $72.9M | $32.8M |
| 毛利率 | — | 75.2% |
| 营业利润率 | — | 8.6% |
| 净利率 | 26.4% | 7.6% |
| 营收同比 | — | -9.6% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $3.35 | $0.18 |
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CASHPEGA
| Q1 26 | $276.3M | $430.0M | ||
| Q4 25 | $173.1M | $504.3M | ||
| Q3 25 | $186.7M | $381.4M | ||
| Q2 25 | $195.8M | $384.5M | ||
| Q1 25 | $274.8M | $475.6M | ||
| Q4 24 | $182.6M | $490.8M | ||
| Q3 24 | $179.5M | $325.1M | ||
| Q2 24 | $188.6M | $351.2M |
净利润CASHPEGA
| Q1 26 | $72.9M | $32.8M | ||
| Q4 25 | $35.2M | $234.6M | ||
| Q3 25 | $38.8M | $43.4M | ||
| Q2 25 | $42.1M | $30.1M | ||
| Q1 25 | $75.0M | $85.4M | ||
| Q4 24 | $30.0M | $119.1M | ||
| Q3 24 | $33.5M | $-14.4M | ||
| Q2 24 | $44.9M | $6.6M |
毛利率CASHPEGA
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
营业利润率CASHPEGA
| Q1 26 | — | 8.6% | ||
| Q4 25 | 24.6% | 20.7% | ||
| Q3 25 | 25.9% | 3.8% | ||
| Q2 25 | 24.1% | 4.5% | ||
| Q1 25 | 33.2% | 26.7% | ||
| Q4 24 | 19.8% | 29.1% | ||
| Q3 24 | 20.9% | -3.6% | ||
| Q2 24 | 27.1% | 3.7% |
净利率CASHPEGA
| Q1 26 | 26.4% | 7.6% | ||
| Q4 25 | 20.3% | 46.5% | ||
| Q3 25 | 20.8% | 11.4% | ||
| Q2 25 | 21.5% | 7.8% | ||
| Q1 25 | 27.3% | 18.0% | ||
| Q4 24 | 16.4% | 24.3% | ||
| Q3 24 | 18.7% | -4.4% | ||
| Q2 24 | 23.8% | 1.9% |
每股收益（稀释后）CASHPEGA
| Q1 26 | $3.35 | $0.18 | ||
| Q4 25 | $1.57 | $0.81 | ||
| Q3 25 | $1.69 | $0.24 | ||
| Q2 25 | $1.81 | $0.17 | ||
| Q1 25 | $3.14 | $0.91 | ||
| Q4 24 | $1.23 | $1.35 | ||
| Q3 24 | $1.34 | $-0.17 | ||
| 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 | $270.0M |
| 总债务越低越好 | $59.5M | — |
| 股东权益账面价值 | $850.7M | $705.9M |
| 总资产 | $7.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.07× | — |
8季度趋势，按日历期对齐
现金及短期投资CASHPEGA
| Q1 26 | $157.6M | $270.0M | ||
| Q4 25 | $331.2M | $425.8M | ||
| Q3 25 | $120.6M | $351.4M | ||
| Q2 25 | $258.3M | $411.6M | ||
| Q1 25 | $254.2M | $371.7M | ||
| Q4 24 | $597.4M | $740.0M | ||
| Q3 24 | $158.3M | $703.0M | ||
| Q2 24 | $298.9M | $665.1M |
总债务CASHPEGA
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | — | ||
| Q3 25 | $33.5M | — | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $33.4M | — | ||
| Q4 24 | $33.4M | — | ||
| Q3 24 | $33.4M | — | ||
| Q2 24 | $33.3M | — |
股东权益CASHPEGA
| Q1 26 | $850.7M | $705.9M | ||
| Q4 25 | $854.5M | $787.4M | ||
| Q3 25 | $858.0M | $596.8M | ||
| Q2 25 | $819.0M | $624.5M | ||
| Q1 25 | $814.7M | $611.3M | ||
| Q4 24 | $758.3M | $585.5M | ||
| Q3 24 | $822.5M | $473.0M | ||
| Q2 24 | $748.4M | $435.4M |
总资产CASHPEGA
| Q1 26 | $7.1B | $1.6B | ||
| Q4 25 | $7.6B | $1.6B | ||
| Q3 25 | $7.2B | $1.3B | ||
| Q2 25 | $7.2B | $1.3B | ||
| Q1 25 | $7.0B | $1.3B | ||
| Q4 24 | $7.6B | $1.8B | ||
| Q3 24 | $7.5B | $1.6B | ||
| Q2 24 | $7.5B | $1.5B |
负债/权益比CASHPEGA
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| 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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $206.5M |
| 自由现金流率自由现金流/营收 | — | 48.0% |
| 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 | — | $494.9M |
8季度趋势，按日历期对齐
经营现金流CASHPEGA
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $158.4M | ||
| Q3 25 | $303.7M | $56.3M | ||
| Q2 25 | $30.4M | $86.3M | ||
| Q1 25 | $188.3M | $204.2M | ||
| Q4 24 | $-71.7M | $95.2M | ||
| Q3 24 | $143.1M | $30.5M | ||
| Q2 24 | $113.2M | $40.1M |
自由现金流CASHPEGA
| Q1 26 | — | $206.5M | ||
| Q4 25 | $104.1M | $152.4M | ||
| Q3 25 | $300.3M | $51.8M | ||
| Q2 25 | $27.7M | $84.1M | ||
| Q1 25 | $184.7M | $202.3M | ||
| Q4 24 | $-73.8M | $92.4M | ||
| Q3 24 | $138.8M | $27.4M | ||
| Q2 24 | $111.0M | $38.8M |
自由现金流率CASHPEGA
| Q1 26 | — | 48.0% | ||
| Q4 25 | 60.1% | 30.2% | ||
| Q3 25 | 160.9% | 13.6% | ||
| Q2 25 | 14.1% | 21.9% | ||
| Q1 25 | 67.2% | 42.5% | ||
| Q4 24 | -40.4% | 18.8% | ||
| Q3 24 | 77.3% | 8.4% | ||
| Q2 24 | 58.8% | 11.1% |
资本支出强度CASHPEGA
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 1.2% | ||
| Q3 25 | 1.8% | 1.2% | ||
| Q2 25 | 1.4% | 0.6% | ||
| Q1 25 | 1.3% | 0.4% | ||
| Q4 24 | 1.1% | 0.6% | ||
| Q3 24 | 2.4% | 0.9% | ||
| Q2 24 | 1.2% | 0.4% |
现金转化率CASHPEGA
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 0.68× | ||
| Q3 25 | 7.83× | 1.30× | ||
| Q2 25 | 0.72× | 2.87× | ||
| Q1 25 | 2.51× | 2.39× | ||
| Q4 24 | -2.39× | 0.80× | ||
| Q3 24 | 4.27× | — | ||
| Q2 24 | 2.52× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
