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PATHWARD FINANCIAL, INC.（CASH）与Dave & Buster's Entertainment, Inc.（PLAY）财务数据对比。点击上方公司名可切换其他公司
Dave & Buster's Entertainment, Inc.的季度营收约是PATHWARD FINANCIAL, INC.的1.6倍（$448.2M vs $276.3M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs -9.4%，领先35.8%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs -13.5%）
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。
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
CASH vs PLAY — 直观对比
营收规模更大
PLAY
是对方的1.6倍
$276.3M
净利率更高
CASH
高出35.8%
-9.4%
两年增速更快
CASH
近两年复合增速
-13.5%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $448.2M |
| 净利润 | $72.9M | $-42.1M |
| 毛利率 | — | 85.8% |
| 营业利润率 | — | -3.6% |
| 净利率 | 26.4% | -9.4% |
| 营收同比 | — | -1.1% |
| 净利润同比 | — | -28.7% |
| 每股收益（稀释后） | $3.35 | $-1.22 |
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CASHPLAY
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $448.2M | ||
| Q3 25 | $186.7M | $557.4M | ||
| Q2 25 | $195.8M | $567.7M | ||
| Q1 25 | $274.8M | $534.5M | ||
| Q4 24 | $182.6M | $453.0M | ||
| Q3 24 | $179.5M | $557.1M | ||
| Q2 24 | $188.6M | $588.1M |
净利润CASHPLAY
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $-42.1M | ||
| Q3 25 | $38.8M | $11.4M | ||
| Q2 25 | $42.1M | $21.7M | ||
| Q1 25 | $75.0M | $9.3M | ||
| Q4 24 | $30.0M | $-32.7M | ||
| Q3 24 | $33.5M | $40.3M | ||
| Q2 24 | $44.9M | $41.4M |
毛利率CASHPLAY
| Q1 26 | — | — | ||
| Q4 25 | — | 85.8% | ||
| Q3 25 | — | 86.3% | ||
| Q2 25 | — | 85.5% | ||
| Q1 25 | — | 85.5% | ||
| Q4 24 | — | 85.0% | ||
| Q3 24 | — | 85.3% | ||
| Q2 24 | — | 85.2% |
营业利润率CASHPLAY
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | -3.6% | ||
| Q3 25 | 25.9% | 9.5% | ||
| Q2 25 | 24.1% | 11.1% | ||
| Q1 25 | 33.2% | 8.3% | ||
| Q4 24 | 19.8% | 1.4% | ||
| Q3 24 | 20.9% | 15.2% | ||
| Q2 24 | 27.1% | 14.5% |
净利率CASHPLAY
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | -9.4% | ||
| Q3 25 | 20.8% | 2.0% | ||
| Q2 25 | 21.5% | 3.8% | ||
| Q1 25 | 27.3% | 1.7% | ||
| Q4 24 | 16.4% | -7.2% | ||
| Q3 24 | 18.7% | 7.2% | ||
| Q2 24 | 23.8% | 7.0% |
每股收益（稀释后）CASHPLAY
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $-1.22 | ||
| Q3 25 | $1.69 | $0.32 | ||
| Q2 25 | $1.81 | $0.62 | ||
| Q1 25 | $3.14 | $0.32 | ||
| Q4 24 | $1.23 | $-0.84 | ||
| Q3 24 | $1.34 | $0.99 | ||
| Q2 24 | $1.78 | $0.99 |
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 | $13.6M |
| 总债务越低越好 | $59.5M | $1.6B |
| 股东权益账面价值 | $850.7M | $130.8M |
| 总资产 | $7.1B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.07× | 12.17× |
8季度趋势，按日历期对齐
现金及短期投资CASHPLAY
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $13.6M | ||
| Q3 25 | $120.6M | $12.0M | ||
| Q2 25 | $258.3M | $11.9M | ||
| Q1 25 | $254.2M | $6.9M | ||
| Q4 24 | $597.4M | $8.6M | ||
| Q3 24 | $158.3M | $13.1M | ||
| Q2 24 | $298.9M | $32.1M |
总债务CASHPLAY
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $1.6B | ||
| Q3 25 | $33.5M | $1.6B | ||
| Q2 25 | $33.4M | $1.6B | ||
| Q1 25 | $33.4M | $1.5B | ||
| Q4 24 | $33.4M | $1.5B | ||
| Q3 24 | $33.4M | $1.3B | ||
| Q2 24 | $33.3M | $1.3B |
股东权益CASHPLAY
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $130.8M | ||
| Q3 25 | $858.0M | $166.2M | ||
| Q2 25 | $819.0M | $146.8M | ||
| Q1 25 | $814.7M | $145.8M | ||
| Q4 24 | $758.3M | $226.6M | ||
| Q3 24 | $822.5M | $284.4M | ||
| Q2 24 | $748.4M | $292.5M |
总资产CASHPLAY
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $4.1B | ||
| Q3 25 | $7.2B | $4.1B | ||
| Q2 25 | $7.2B | $4.1B | ||
| Q1 25 | $7.0B | $4.0B | ||
| Q4 24 | $7.6B | $3.9B | ||
| Q3 24 | $7.5B | $3.8B | ||
| Q2 24 | $7.5B | $3.8B |
负债/权益比CASHPLAY
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 12.17× | ||
| Q3 25 | 0.04× | 9.57× | ||
| Q2 25 | 0.04× | 10.98× | ||
| Q1 25 | 0.04× | 10.45× | ||
| Q4 24 | 0.04× | 6.58× | ||
| Q3 24 | 0.04× | 4.72× | ||
| Q2 24 | 0.04× | 4.58× |
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 | — | $58.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-20.6M |
| 自由现金流率自由现金流/营收 | — | -4.6% |
| 资本支出强度资本支出/营收 | — | 17.5% |
| 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 | — | $-195.6M |
8季度趋势，按日历期对齐
经营现金流CASHPLAY
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $58.0M | ||
| Q3 25 | $303.7M | $34.0M | ||
| Q2 25 | $30.4M | $95.8M | ||
| Q1 25 | $188.3M | $108.9M | ||
| Q4 24 | $-71.7M | $-7.2M | ||
| Q3 24 | $143.1M | $101.8M | ||
| Q2 24 | $113.2M | $108.8M |
自由现金流CASHPLAY
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $-20.6M | ||
| Q3 25 | $300.3M | $-55.2M | ||
| Q2 25 | $27.7M | $-58.8M | ||
| Q1 25 | $184.7M | $-61.0M | ||
| Q4 24 | $-73.8M | $-138.4M | ||
| Q3 24 | $138.8M | $-14.3M | ||
| Q2 24 | $111.0M | $-4.2M |
自由现金流率CASHPLAY
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | -4.6% | ||
| Q3 25 | 160.9% | -9.9% | ||
| Q2 25 | 14.1% | -10.4% | ||
| Q1 25 | 67.2% | -11.4% | ||
| Q4 24 | -40.4% | -30.6% | ||
| Q3 24 | 77.3% | -2.6% | ||
| Q2 24 | 58.8% | -0.7% |
资本支出强度CASHPLAY
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 17.5% | ||
| Q3 25 | 1.8% | 16.0% | ||
| Q2 25 | 1.4% | 27.2% | ||
| Q1 25 | 1.3% | 31.8% | ||
| Q4 24 | 1.1% | 29.0% | ||
| Q3 24 | 2.4% | 20.8% | ||
| Q2 24 | 1.2% | 19.2% |
现金转化率CASHPLAY
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | — | ||
| Q3 25 | 7.83× | 2.98× | ||
| Q2 25 | 0.72× | 4.41× | ||
| Q1 25 | 2.51× | 11.71× | ||
| Q4 24 | -2.39× | — | ||
| Q3 24 | 4.27× | 2.53× | ||
| Q2 24 | 2.52× | 2.63× |
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% |
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
