PATHWARD FINANCIAL, INC.
CASH· Nasdaq· National Commercial Banks
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 52.3%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +11.0%
We record prices for the companies we cover; CASH is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 23.5M
- Revenue
- $839.9M
- Free cash flow
- $438.9M
- Owner earnings
- $429.4M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 22.1%
- Free cash flow
- 52.3%
- Owner earnings
- 51.1%
- Stock pay
- 1.1%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 21.7%
- ROE, 5 yr avg
- 21.4%
Growth (CAGR)
- Revenue, 3 yr
- 11.8%
- Revenue, 5 yr
- 11.0%
- Revenue, 9 yr
- –
- Diluted EPS, 3 yr
- 15.6%
- Diluted EPS, 5 yr
- 21.8%
- Diluted EPS, 9 yr
- 22.1%
- Free cash flow, 3 yr
- 15.9%
- Free cash flow, 5 yr
- -0.7%
- Free cash flow, 9 yr
- 22.3%
Financial health · FY2025
- Cash and investments
- $120.6M
- Total debt
- $42.5M
- Net cash
- $78.1M
- Debt/Equity
- 0.0x
- Debt/FCF
- 0.1x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 2.5%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -7.6%
Financials: ten years from the 10-Ks
Revenue
$839.9M
+9.5% a year over 9 years
FY2016FY2025
Margins
22.1%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$438.9MOwner earnings$429.4M
Free cash flow +22.3% a year
FY2016FY2025
Diluted shares
23.5M
-7.6% over 9 years, net buybacks
FY2016FY2025
Net cash
$78.1M
$78.1M more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | – | – | – | $486.8M | $498.8M | $549.9M | $601.1M | $727.7M | $797.4M | $839.9M |
| Revenue growth | – | – | – | – | 2.5% | 10.2% | 9.3% | 21.1% | 9.6% | 5.3% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | $33.2M | $44.9M | $51.6M | $97.0M | $104.7M | $141.7M | $151.1M | $143.3M | $183.2M | $185.9M |
| Net margin | – | – | – | 19.9% | 21.0% | 25.8% | 25.1% | 19.7% | 23.0% | 22.1% |
| Diluted EPS | $1.30 | $1.61 | $1.67 | $2.49 | $2.94 | $4.38 | $5.09 | $5.24 | $7.20 | $7.87 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $78.5M | $120.0M | $137.8M | $191.0M | $467.2M | $581.6M | $290.0M | $327.9M | $488.8M | $450.6M |
| Capital expenditure | $7.0M | $6.8M | $8.5M | $14.0M | $12.3M | $13.0M | $8.2M | $8.6M | $10.1M | $11.7M |
| Free cash flow | $71.5M | $113.2M | $129.2M | $177.0M | $455.0M | $568.7M | $281.9M | $319.3M | $478.7M | $438.9M |
| Stock-based compensation | $486.0K | $10.4M | $11.1M | $12.9M | $10.2M | $6.9M | $10.0M | $11.1M | $10.3M | $9.5M |
| Owner earnings? | $71.0M | $102.8M | $118.1M | $164.1M | $444.7M | $561.8M | $271.9M | $308.2M | $468.4M | $429.4M |
| Free cash flow per share | $2.81 | $4.06 | $4.19 | $4.66 | $13.06 | $17.91 | $9.64 | $11.86 | $18.99 | $18.66 |
| Capital allocation | ||||||||||
| Dividends paid | $4.4M | $4.8M | $5.7M | $7.8M | $7.1M | $6.4M | $5.9M | $5.4M | $5.1M | $4.7M |
| Share repurchases | – | – | – | – | – | – | – | – | – | – |
| Diluted shares | 25.4Ms | 27.9M | 30.9M | 38.0M | 34.8M | 31.8M | 29.2M | 26.9M | 25.2M | 23.5M |
| Share count change? | 24.8% | 9.7% | 10.6% | 23.1% | -8.3% | -8.8% | -7.9% | -7.9% | -6.4% | -6.7% |
| Balance sheet | ||||||||||
| Cash and equivalents | $773.8M | $1.3B | $100.0M | $126.5M | $427.4M | $314.0M | $388.0M | $375.6M | $158.3M | $120.6M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | – | – | $89.0M | $861.9M | $98.2M | $92.8M | $36.0M | $46.9M | $410.4M | $42.5M |
| Net debt | – | – | -$11.0M | $735.3M | -$329.1M | -$221.2M | -$352.0M | -$328.7M | $252.0M | -$78.1M |
| Shareholders' equity | $335.0M | $434.5M | $744.2M | $839.9M | $843.7M | $870.7M | $633.2M | $619.4M | $822.5M | $858.0M |
Latest filings
| 2026-10-21 | 8-K | Earnings release |
| 2026-08-06 | 10-Q | Quarterly report |
| 2026-07-22 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-04-22 | 8-K | Earnings release |
| 2026-02-05 | 10-Q | Quarterly report |
| 2026-01-22 | 8-K | Earnings release |
| 2026-01-14 | DEF 14A | Proxy statement |
| 2025-11-25 | 10-K | Annual report |
| 2025-10-21 | 8-K | Earnings release |
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