Pathward Financial (CASH) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Pathward Financial

NasdaqGS•Financial Services•Banks - Regional

$78.45-0.97(-0.01%)Pre-market

Market Cap

$1.60B

P/E

9.2x

P/S

1.9x

P/B

1.9x

Pathward Financial, Inc. operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. It operates through three segments: Consumer, Commercial, and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, and money market savings accounts. It also provides commercial finance product comprising term lending, asset-based lending, factoring, lease financing, insurance premium finance, government guaranteed lending, and other commercial finance products; installment and revolving consumer lending products; tax services, which includes short-term refund advance loans and short-term electronic return originator advance loans; and warehouse financing services. In addition, the company offers payment solutions, such as acceptance, processing, and settlement of credit card and debit card payments, financial processing services for freestanding ATMs; digital payments; and merchant services, as well as issues debit and prepaid cards. The company was formerly known as Meta Financial Group, Inc. and changed its name to Pathward Financial, Inc. in July 2022. Pathward Financial, Inc. was founded in 1954 and is based in Sioux Falls, South Dakota.

How this company scores

GoodMetricSide Score: 76/100

Strongest: Cash & Earnings Quality (24/25); weakest: Growth (13/25).

Profitability16/25

Growth13/25

Balance Sheet & Red Flags23/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowStrong marginsHigh ROELow leverage

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.2x5y range 6.0x – 11.6x

Currently near its 20-quarter median.

P/S · 1.9x5y range 1.6x – 3.0x

Currently near its 20-quarter median.

P/B · 1.9x5y range 1.5x – 2.3x

Price & Volume

Market Cap $1.60B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $834.87M
Q. Revenue: $189.64M
TTM EBITDA: $266.73M
TTM Op. Income: $208.72M
Q. Op. Income: $32.21M
TTM Net Income: $174.39M
Q. Net Income: $28.97M
EPS: $1.37
Shares Out.: $21.07M

$834.87M in TTM revenue grew 2.8% YoY, reaching $189.64M last quarter. TTM EBITDA of $266.73M and TTM operating income of $208.72M show growth is flowing through to the bottom line. TTM net income of $174.39M means revenue is converting into profit. Over the past year, TTM revenue is up 3% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 99.4%
EBITDA Margin: 17.4%
Op. Margin: 17.0%
Net Margin: 15.3%

Op. margin of 17.0% is down 7.1% YoY — costs are rising relative to revenue. Net margin at 15.3% and gross margin of 99.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 29% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.2x
P/S Ratio: 1.9x
P/B Ratio: 1.9x

At 9.2x P/E, the stock trades below typical market levels. P/S of 1.9x and P/B of 1.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 8% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.31B
Cash: $149.41M
Long-Term Debt: $33.53M
Book Value: $850.90M
D/E Ratio: 0.0
Debt/EBITDA: 1.0

With $7.31B in assets and $33.53M in long-term debt, D/E is 0.0and book value is $850.90M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $51.95M
TTM Free Cash Flow: $683.61M
FCF Margin: 81.9%
FCF / Net Income: 3.9

TTM FCF of $683.61M on $51.95M in operating cash flow. The FCF / Net Income ratio of 3.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.