Pathward Financial IncPathward Financial Inc
Pathward Financial Inc

Pathward Financial Inc

CASH
Financials·Banks

Pathward Financial, Inc. is a financial holding company, which provides savings and loan services. The firm operates through the following business segments: Consumer, Commercial, and Corporate Services/Other. The Consumer segment collaborates with partners to navigate payment and lending needs. The Commercial segment refers to the commercial finance business line, which helps businesses access funds they need to launch, operate, and grow. The Corporate Services/Other segment consists of certain shared services, treasury, retained community bank portfolio, and student loan lending. The company was founded on June 14, 1993 and is headquartered in Sioux Falls, SD.

South Dakota; U.S.A
Market cap
No dataNo data
Revenue
$839.9M+5.3% YoY
Net income
$185.9M+1.4% YoY
Free cash flow
$438.9M−8.3% YoY

Market

Listed stock
CASHPriceNasdaq
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Financial performance

Revenue
$839.9M+5.3% YoY
Operating income
$774.1M+6.2% YoY
Net income
$185.9M+1.4% YoY
Free cash flow
$438.9M−8.3% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $549.9M, 2022 $601.1M, 2023 $704.5M, 2024 $797.4M, 2025 $839.9M. Operating income: 2021 $510.4M, 2022 $576.4M, 2023 $652.5M, 2024 $729.1M, 2025 $774.1M. Net income: 2021 $141.7M, 2022 $156.4M, 2023 $163.6M, 2024 $183.2M, 2025 $185.9M. Free cash flow: 2021 $568.7M, 2022 $260.6M, 2023 $294.5M, 2024 $478.7M, 2025 $438.9M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
5.3%−787 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-09-30 $510.4M, 2022-09-30 $576.4M, 2023-09-30 $652.5M, 2024-09-30 $729.1M, 2025-09-30 $774.1M. Net income: 2021-09-30 $141.7M, 2022-09-30 $156.4M, 2023-09-30 $163.6M, 2024-09-30 $183.2M, 2025-09-30 $185.9M. Free cash flow: 2021-09-30 $568.7M, 2022-09-30 $260.6M, 2023-09-30 $294.5M, 2024-09-30 $478.7M, 2025-09-30 $438.9M

Growth heatmap

2022202320242025CAGR
Revenue
+9.3%
+17.2%
+13.2%
+5.3%
+11.2%
Gross profit
+20.2%
+7.6%
+14.2%
+5.9%
+11.9%
Operating income
+12.9%
+13.2%
+11.7%
+6.2%
+11.0%
Free cash flow
-54.2%
+13.0%
+62.5%
-8.3%
-6.3%

Earnings quality

Operating cash flow
$450.6M−7.8% YoY
Net income
$185.9M+1.4% YoY
Free cash flow
$438.9M−8.3% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-09-30 242%, 2024-09-30 267%, 2023-09-30 185%, 2022-09-30 172%, 2021-09-30 410%. Free cash flow: 2025-09-30 236%, 2024-09-30 261%, 2023-09-30 180%, 2022-09-30 167%, 2021-09-30 401%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
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EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
No data
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Free cash flow yield
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