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PATHWARD FINANCIAL, INC.（CASH）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）财务数据对比。点击上方公司名可切换其他公司
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的季度营收约是PATHWARD FINANCIAL, INC.的1.2倍（$331.3M vs $276.3M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs 0.0%，领先26.4%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs -5.4%）
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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
CASH vs SPWH — 直观对比
营收规模更大
SPWH
是对方的1.2倍
$276.3M
净利率更高
CASH
高出26.4%
0.0%
两年增速更快
CASH
近两年复合增速
-5.4%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $331.3M |
| 净利润 | $72.9M | $8.0K |
| 毛利率 | — | 32.8% |
| 营业利润率 | — | 1.3% |
| 净利率 | 26.4% | 0.0% |
| 营收同比 | — | 2.2% |
| 净利润同比 | — | -97.8% |
| 每股收益（稀释后） | $3.35 | $0.00 |
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CASHSPWH
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $331.3M | ||
| Q3 25 | $186.7M | $293.9M | ||
| Q2 25 | $195.8M | $249.1M | ||
| Q1 25 | $274.8M | $340.4M | ||
| Q4 24 | $182.6M | $324.3M | ||
| Q3 24 | $179.5M | $288.7M | ||
| Q2 24 | $188.6M | $244.2M |
净利润CASHSPWH
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $8.0K | ||
| Q3 25 | $38.8M | $-7.1M | ||
| Q2 25 | $42.1M | $-21.3M | ||
| Q1 25 | $75.0M | $-8.7M | ||
| Q4 24 | $30.0M | $-364.0K | ||
| Q3 24 | $33.5M | $-5.9M | ||
| Q2 24 | $44.9M | $-18.1M |
毛利率CASHSPWH
| Q1 26 | — | — | ||
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 30.2% |
营业利润率CASHSPWH
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 1.3% | ||
| Q3 25 | 25.9% | -1.1% | ||
| Q2 25 | 24.1% | -7.9% | ||
| Q1 25 | 33.2% | 1.1% | ||
| Q4 24 | 19.8% | 1.0% | ||
| Q3 24 | 20.9% | -1.5% | ||
| Q2 24 | 27.1% | -8.4% |
净利率CASHSPWH
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 0.0% | ||
| Q3 25 | 20.8% | -2.4% | ||
| Q2 25 | 21.5% | -8.5% | ||
| Q1 25 | 27.3% | -2.6% | ||
| Q4 24 | 16.4% | -0.1% | ||
| Q3 24 | 18.7% | -2.0% | ||
| Q2 24 | 23.8% | -7.4% |
每股收益（稀释后）CASHSPWH
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $0.00 | ||
| Q3 25 | $1.69 | $-0.18 | ||
| Q2 25 | $1.81 | $-0.56 | ||
| Q1 25 | $3.14 | $-0.22 | ||
| Q4 24 | $1.23 | $-0.01 | ||
| Q3 24 | $1.34 | $-0.16 | ||
| Q2 24 | $1.78 | $-0.48 |
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 | $2.2M |
| 总债务越低越好 | $59.5M | $44.0M |
| 股东权益账面价值 | $850.7M | $209.5M |
| 总资产 | $7.1B | $913.9M |
| 负债/权益比越低杠杆越低 | 0.07× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资CASHSPWH
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $2.2M | ||
| Q3 25 | $120.6M | $1.8M | ||
| Q2 25 | $258.3M | $3.6M | ||
| Q1 25 | $254.2M | $2.8M | ||
| Q4 24 | $597.4M | $2.7M | ||
| Q3 24 | $158.3M | $2.6M | ||
| Q2 24 | $298.9M | $2.2M |
总债务CASHSPWH
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $44.0M | ||
| Q3 25 | $33.5M | $43.9M | ||
| Q2 25 | $33.4M | $24.1M | ||
| Q1 25 | $33.4M | $24.1M | ||
| Q4 24 | $33.4M | $24.0M | ||
| Q3 24 | $33.4M | $24.0M | ||
| Q2 24 | $33.3M | — |
股东权益CASHSPWH
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $209.5M | ||
| Q3 25 | $858.0M | $208.9M | ||
| Q2 25 | $819.0M | $215.1M | ||
| Q1 25 | $814.7M | $235.7M | ||
| Q4 24 | $758.3M | $243.6M | ||
| Q3 24 | $822.5M | $243.0M | ||
| Q2 24 | $748.4M | $247.5M |
总资产CASHSPWH
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $913.9M | ||
| Q3 25 | $7.2B | $948.9M | ||
| Q2 25 | $7.2B | $929.7M | ||
| Q1 25 | $7.0B | $852.1M | ||
| Q4 24 | $7.6B | $967.7M | ||
| Q3 24 | $7.5B | $901.9M | ||
| Q2 24 | $7.5B | $930.4M |
负债/权益比CASHSPWH
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.21× | ||
| Q3 25 | 0.04× | 0.21× | ||
| Q2 25 | 0.04× | 0.11× | ||
| Q1 25 | 0.04× | 0.10× | ||
| Q4 24 | 0.04× | 0.10× | ||
| Q3 24 | 0.04× | 0.10× | ||
| 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 | — | $16.3M |
| 自由现金流经营现金流 - 资本支出 | — | $8.7M |
| 自由现金流率自由现金流/营收 | — | 2.6% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | — | 2038.00× |
| 过去12个月自由现金流最近4个季度 | — | $-39.7M |
8季度趋势，按日历期对齐
经营现金流CASHSPWH
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $16.3M | ||
| Q3 25 | $303.7M | $-26.6M | ||
| Q2 25 | $30.4M | $-60.2M | ||
| Q1 25 | $188.3M | $52.8M | ||
| Q4 24 | $-71.7M | $-2.5M | ||
| Q3 24 | $143.1M | $18.5M | ||
| Q2 24 | $113.2M | $-34.6M |
自由现金流CASHSPWH
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $8.7M | ||
| Q3 25 | $300.3M | $-33.9M | ||
| Q2 25 | $27.7M | $-64.0M | ||
| Q1 25 | $184.7M | $49.6M | ||
| Q4 24 | $-73.8M | $-6.2M | ||
| Q3 24 | $138.8M | $14.1M | ||
| Q2 24 | $111.0M | $-38.0M |
自由现金流率CASHSPWH
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 2.6% | ||
| Q3 25 | 160.9% | -11.5% | ||
| Q2 25 | 14.1% | -25.7% | ||
| Q1 25 | 67.2% | 14.6% | ||
| Q4 24 | -40.4% | -1.9% | ||
| Q3 24 | 77.3% | 4.9% | ||
| Q2 24 | 58.8% | -15.5% |
资本支出强度CASHSPWH
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 2.3% | ||
| Q3 25 | 1.8% | 2.5% | ||
| Q2 25 | 1.4% | 1.5% | ||
| Q1 25 | 1.3% | 1.0% | ||
| Q4 24 | 1.1% | 1.1% | ||
| Q3 24 | 2.4% | 1.5% | ||
| Q2 24 | 1.2% | 1.4% |
现金转化率CASHSPWH
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 2038.00× | ||
| Q3 25 | 7.83× | — | ||
| Q2 25 | 0.72× | — | ||
| 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% |
SPWH
暂无分部数据
