vs
PATHWARD FINANCIAL, INC.（CASH）与TACTILE SYSTEMS TECHNOLOGY INC（TCMD）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TACTILE SYSTEMS TECHNOLOGY INC的2.7倍（$276.3M vs $103.6M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs 10.3%，领先16.1%），过去两年TACTILE SYSTEMS TECHNOLOGY INC的营收复合增速更高（30.2% vs 21.0%）
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。
Dominion Voting Systems Corporation是一家北美企业，在加拿大和美国研发、销售电子投票相关的硬件与软件产品，涵盖投票设备和计票设备等，是该区域电子投票领域的主要供应商之一。
CASH vs TCMD — 直观对比
营收规模更大
CASH
是对方的2.7倍
$103.6M
净利率更高
CASH
高出16.1%
10.3%
两年增速更快
TCMD
近两年复合增速
21.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $103.6M |
| 净利润 | $72.9M | $10.6M |
| 毛利率 | — | 78.2% |
| 营业利润率 | — | 18.1% |
| 净利率 | 26.4% | 10.3% |
| 营收同比 | — | 21.0% |
| 净利润同比 | — | 9.4% |
| 每股收益（稀释后） | $3.35 | $0.45 |
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CASHTCMD
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $103.6M | ||
| Q3 25 | $186.7M | $85.8M | ||
| Q2 25 | $195.8M | $78.9M | ||
| Q1 25 | $274.8M | $61.3M | ||
| Q4 24 | $182.6M | $85.6M | ||
| Q3 24 | $179.5M | $73.1M | ||
| Q2 24 | $188.6M | $73.2M |
净利润CASHTCMD
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $10.6M | ||
| Q3 25 | $38.8M | $8.2M | ||
| Q2 25 | $42.1M | $3.2M | ||
| Q1 25 | $75.0M | $-3.0M | ||
| Q4 24 | $30.0M | $9.7M | ||
| Q3 24 | $33.5M | $5.2M | ||
| Q2 24 | $44.9M | $4.3M |
毛利率CASHTCMD
| Q1 26 | — | — | ||
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% |
营业利润率CASHTCMD
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 18.1% | ||
| Q3 25 | 25.9% | 12.8% | ||
| Q2 25 | 24.1% | 5.2% | ||
| Q1 25 | 33.2% | -7.4% | ||
| Q4 24 | 19.8% | 14.6% | ||
| Q3 24 | 20.9% | 9.3% | ||
| Q2 24 | 27.1% | 8.0% |
净利率CASHTCMD
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 10.3% | ||
| Q3 25 | 20.8% | 9.6% | ||
| Q2 25 | 21.5% | 4.1% | ||
| Q1 25 | 27.3% | -4.9% | ||
| Q4 24 | 16.4% | 11.4% | ||
| Q3 24 | 18.7% | 7.1% | ||
| Q2 24 | 23.8% | 5.9% |
每股收益（稀释后）CASHTCMD
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $0.45 | ||
| Q3 25 | $1.69 | $0.36 | ||
| Q2 25 | $1.81 | $0.14 | ||
| Q1 25 | $3.14 | $-0.13 | ||
| Q4 24 | $1.23 | $0.40 | ||
| Q3 24 | $1.34 | $0.21 | ||
| Q2 24 | $1.78 | $0.18 |
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 | $83.4M |
| 总债务越低越好 | $59.5M | $0 |
| 股东权益账面价值 | $850.7M | $218.9M |
| 总资产 | $7.1B | $273.9M |
| 负债/权益比越低杠杆越低 | 0.07× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CASHTCMD
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $83.4M | ||
| Q3 25 | $120.6M | $66.0M | ||
| Q2 25 | $258.3M | $81.5M | ||
| Q1 25 | $254.2M | $83.6M | ||
| Q4 24 | $597.4M | $94.4M | ||
| Q3 24 | $158.3M | $82.1M | ||
| Q2 24 | $298.9M | $73.6M |
总债务CASHTCMD
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $0 | ||
| Q3 25 | $33.5M | $0 | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $33.4M | — | ||
| Q4 24 | $33.4M | — | ||
| Q3 24 | $33.4M | $27.0M | ||
| Q2 24 | $33.3M | $27.8M |
股东权益CASHTCMD
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $218.9M | ||
| Q3 25 | $858.0M | $204.9M | ||
| Q2 25 | $819.0M | $194.9M | ||
| Q1 25 | $814.7M | $205.6M | ||
| Q4 24 | $758.3M | $216.6M | ||
| Q3 24 | $822.5M | $207.9M | ||
| Q2 24 | $748.4M | $200.7M |
总资产CASHTCMD
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $273.9M | ||
| Q3 25 | $7.2B | $259.2M | ||
| Q2 25 | $7.2B | $273.0M | ||
| Q1 25 | $7.0B | $280.2M | ||
| Q4 24 | $7.6B | $297.9M | ||
| Q3 24 | $7.5B | $287.7M | ||
| Q2 24 | $7.5B | $278.8M |
负债/权益比CASHTCMD
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.00× | ||
| Q3 25 | 0.04× | 0.00× | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.04× | 0.13× | ||
| Q2 24 | 0.04× | 0.14× |
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 | — | $17.3M |
| 自由现金流经营现金流 - 资本支出 | — | $16.8M |
| 自由现金流率自由现金流/营收 | — | 16.2% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | — | 1.63× |
| 过去12个月自由现金流最近4个季度 | — | $40.4M |
8季度趋势，按日历期对齐
经营现金流CASHTCMD
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $17.3M | ||
| Q3 25 | $303.7M | $10.3M | ||
| Q2 25 | $30.4M | $14.8M | ||
| Q1 25 | $188.3M | $417.0K | ||
| Q4 24 | $-71.7M | $16.3M | ||
| Q3 24 | $143.1M | $10.3M | ||
| Q2 24 | $113.2M | $13.1M |
自由现金流CASHTCMD
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $16.8M | ||
| Q3 25 | $300.3M | $9.2M | ||
| Q2 25 | $27.7M | $14.4M | ||
| Q1 25 | $184.7M | $38.0K | ||
| Q4 24 | $-73.8M | $15.9M | ||
| Q3 24 | $138.8M | $9.3M | ||
| Q2 24 | $111.0M | $12.6M |
自由现金流率CASHTCMD
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 16.2% | ||
| Q3 25 | 160.9% | 10.8% | ||
| Q2 25 | 14.1% | 18.2% | ||
| Q1 25 | 67.2% | 0.1% | ||
| Q4 24 | -40.4% | 18.5% | ||
| Q3 24 | 77.3% | 12.7% | ||
| Q2 24 | 58.8% | 17.3% |
资本支出强度CASHTCMD
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 0.5% | ||
| Q3 25 | 1.8% | 1.3% | ||
| Q2 25 | 1.4% | 0.5% | ||
| Q1 25 | 1.3% | 0.6% | ||
| Q4 24 | 1.1% | 0.5% | ||
| Q3 24 | 2.4% | 1.3% | ||
| Q2 24 | 1.2% | 0.7% |
现金转化率CASHTCMD
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 1.63× | ||
| Q3 25 | 7.83× | 1.26× | ||
| Q2 25 | 0.72× | 4.59× | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | -2.39× | 1.68× | ||
| Q3 24 | 4.27× | 1.99× | ||
| Q2 24 | 2.52× | 3.06× |
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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
