Pathward Financial Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Pathward Financial Inc (CASH) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Pathward Financial Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 786M vs 137,325M combined for tracked competitors (0.6% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-3.5% annualized vs trailing 12 months), vs accelerating (+5.4%) for its tracked peer group.
- Growth: Pathward Financial Inc generated 1.7% revenue growth year over year in Q3 2026, vs 15.2% for its tracked competitors combined.
- Profitability: Its 15.4% net margin compares with 28.3% for the peer group.
- Scale: Pathward Financial Inc ranks #47 of 83 companies by market capitalization in the Commercial Banks industry, holding 0.1% of industry market cap.
- Peer revenue share: Pathward Financial Inc accounted for 0.5% of combined revenue among its tracked peer group, down from 0.6% a year earlier.
- Peer differentiation: Revenue per employee of $0.66M compares with $0.53M for the peer group (1.2x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
CASH Sales vs. its Competitors, Q3 2026
Pathward Financial Inc reported revenue growth of 1.70 % year on year in Q3 2026, below its competitors' combined revenue growth of 15.15 %.
With a net margin of 15.37 %, Pathward Financial Inc reported lower profitability than its competitors (28.29 %).
Pathward Financial Inc generated 0.52 % of the combined sales of its peer group, down from 0.59 % a year earlier.
Pathward Financial Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Pathward Financial Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Pathward Financial Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Pathward Financial Inc's competitor groups requires a Commercial License.
For context: the Commercial Banks industry grew revenue 44.1% year over year, combined, vs 1.7% for Pathward Financial Inc. Pathward Financial Inc's share of combined industry revenue moved from 0.10% to 0.07%, a loss of 0.03 percentage points.
Pathward Financial Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Pathward Financial Inc | Yes | Yes | No | No |
| Competitors combined (53) | ||||
| High-Confidence Competitors (2) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
CASH Stock Performance relative to its Competitors
CASH Stock Performance relative to High-Confidence Competitors
CASH Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Brookline Bancorp inc | 282.9% | Outperformed |
| 2 | Home Federal Bancorp Inc Of Louisiana | 282.9% | Outperformed |
| 3 | Broadway Financial Corporation | 282.9% | Outperformed |
| 4 | Kentucky First Federal Bancorp | 282.9% | Outperformed |
| 5 | F and m Bank Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Pathward Financial Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Pathward Financial Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Pathward Financial Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Pathward Financial Inc | 1,530.08 | 785.83 |
| Bank Of America Corporation | 404,609.27 | 121,098.00 |
| Wintrust Financial Corp | 9,834.55 | 2,761.82 |
| Cullen | 9,769.17 | 2,274.23 |
| Commerce Bancshares Inc | 8,014.99 | 1,809.19 |
| Prosperity Bancshares Inc | 6,784.71 | 1,391.29 |
| SUBTOTAL | 490,695.20 | 139,515.90 |
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Sources: Pathward Financial Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Pathward Financial Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Pathward Financial Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Moneylion Inc | Named by the company | 85% |
| The Bancorp Inc | Named by the company | 85% |
| The Partner Solutions | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Pathward Financial Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Pathward Financial Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Northrim Bancorp Inc | Community Banking 69.21 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Pathward Financial Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Pathward Financial Inc | 1,530 | 664,831 | 148,295 |
| Bank Of America Corporation | 404,609 | 568,535 | 158,005 |
| Wintrust Financial Corp | 9,835 | 467,946 | 146,512 |
| Cullen | 9,769 | 378,534 | 113,795 |
| Commerce Bancshares Inc | 8,015 | 381,927 | 124,729 |
| Prosperity Bancshares Inc | 6,785 | 353,028 | 142,683 |
| PEERS TOTAL | 489,165 | 533,766 | 150,704 |
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Pathward Financial Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 81 companies in Pathward Financial Inc's industry classification, broader than the peer set above. Market cap in millions of $.Pathward Financial Inc ranks #47 of 81 companies by market capitalization in its industry, holding 0.06 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,895, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Jpmorgan Chase and Co | 916,675 | 36.90 % |
| 2 | Bank Of America Corporation | 412,086 | 16.59 % |
| 3 | Wells Fargo and Company | 252,701 | 10.17 % |
| 4 | Citigroup inc | 236,874 | 9.53 % |
| 5 | Capital one financial corp | 1,234 | 5.2% |
| 6 | Us Bancorp De | 1,234 | 5.2% |
| 7 | Pnc Financial Services Group Inc | 1,234 | 5.2% |
| 8 | Truist Financial Corporation | 1,234 | 5.2% |
| 9 | Huntington Bancshares Incorporated | 1,234 | 5.2% |
| 10 | Mizuho Financial Group Inc | 1,234 | 5.2% |
| 47 | Pathward Financial Inc | 1,550 | 0.06 % |
Market cap and industry share for the rest of Pathward Financial Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Pathward Financial Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 42 | Firstsun Capital Bancorp | 1,843 | -0.65 % |
| 43 | National Bank Holdings Corp | 1,798 | 1.90 % |
| 44 | Hope Bancorp Inc | 1,766 | 26.94 % |
| 45 | Dime Community Bancshares Inc | 1,737 | 33.18 % |
| 46 | Bank First Corp | 1,234 | 12.3% |
| 47 | Pathward Financial Inc | 1,550 | -2.60 % |
| 48 | Westamerica Bancorporation | 1,234 | 12.3% |
| 49 | Burke and Herbert Financial Services Corp | 1,234 | 12.3% |
| 50 | Oceanfirst Financial Corp | 1,234 | 12.3% |
| 51 | Amerant Bancorp Inc | 1,234 | 12.3% |
| 52 | Farmers and Merchants Bancorp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Pathward Financial Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Pathward Financial Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Commercial Banks industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (46 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 72.69 % | 65.76 % (avg) | +6.9 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 43.10 % | 50.98 % (avg) | -7.9 pp |
| Capital Intensity (Capex / Revenue) | - | 1.97 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Pathward Financial Inc's Valuation vs Competitive Position
Valuation multiples vs the Commercial Banks industry average (46 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 10.7x | 15.4x | -4.6x |
| EV / EBITDA | 4.9x | 6.3x | -1.4x |
| P/B | 2.1x | 1.3x | +0.9x |
| Return on Equity | 20.52 % | industry aggregate | 7.60 % |
| Return on Invested Capital | - | 3.36 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Pathward Financial Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 18.20 % | 37.71 % | -0.05 % | 25.43 % | 0.33 % | 18.99 % | 9.19 % | 9.84 % |
| Operating Margin | 19.27 % | 24.10 % | 28.33 % | 36.04 % | 26.46 % | 27.39 % | 28.18 % | 28.78 % |
| Return on Invested Capital | 4.28 % | 5.45 % | 6.91 % | 11.07 % | 3.30 % | 2.22 % | 2.44 % | 6.95 % |
| P/E | 11.2x | 13.3x | 11.1x | 10.8x | 10.4x | 8.4x | 11.1x | 9.0x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Pathward Financial Inc's BCG Growth-Share Matrix
Relative market share (vs Pathward Financial Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Pathward Financial Inc falls in the Question Mark quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 13.0% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Jpmorgan Chase and Co alone holds 37% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Pathward Financial Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,895 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Pathward Financial Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Pathward Financial Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Pathward Financial Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Pathward Financial Inc falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Pathward Financial Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Return on equity 7.6 points above the industry aggregate.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-3.5% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
- Industry revenue growing at a healthy 13.0% median pace.
Threats
- Industry dominated by Jpmorgan Chase and Co, holding 36.90 % of industry market cap.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Pathward Financial Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Pathward Financial Inc | 0.02 | 0.05 | 0.10 |
| Bank Of America Corporation | 0.09 | 0.52 | 1.25 |
| Wintrust Financial Corp | 0.09 | 0.04 | 0.16 |
| Cullen | 0.04 | 0.07 | 1.02 |
| Commerce Bancshares Inc | 0.11 | 0.36 | 0.00 |
| Prosperity Bancshares Inc | 0.08 | 0.86 | 0.31 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Pathward Financial Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Pathward Financial Inc | Q2 2026 | +1.7 % | -31.2 % |
| Bank Of America Corporation | Q2 2026 | +15.0 % | +27.5 % |
| Wintrust Financial Corp | Q2 2026 | +10.3 % | +19.5 % |
| Cullen | Q2 2026 | +7.9 % | +9.6 % |
| Commerce Bancshares Inc | Q2 2026 | +11.4 % | +4.2 % |
| Prosperity Bancshares Inc | Q2 2026 | +25.9 % | +24.7 % |
| PEERS TOTAL | +15.0 % | +22.0 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Pathward Financial Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Pathward Financial Inc | Q2 2026 | +72.0 % | +12.3 % |
| Bank Of America Corporation | Q2 2026 | - | - |
| Wintrust Financial Corp | Q2 2026 | +4.0 % | - |
| Cullen | Q2 2026 | -25.6 % | +128.7 % |
| Commerce Bancshares Inc | Q2 2026 | +56.0 % | +19.5 % |
| Prosperity Bancshares Inc | Q2 2026 | - | -28.7 % |
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Pathward Financial Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Pathward Financial Inc | 2.44% | 7.38% | 20.52% |
| Bank Of America Corporation | 0.97% | 2.76% | 11.13% |
| Wintrust Financial Corp | 1.20% | 3.12% | 11.84% |
| Cullen | 1.29% | 4.50% | 15.04% |
| Commerce Bancshares Inc | 1.74% | 5.10% | 14.48% |
| Prosperity Bancshares Inc | 1.37% | 3.01% | 7.07% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Pathward Financial Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Pathward Financial Inc | 9.10 | 1.95 |
| Bank Of America Corporation | 12.78 | 3.34 |
| Wintrust Financial Corp | 10.91 | 3.56 |
| Cullen | 14.77 | 4.30 |
| Commerce Bancshares Inc | 13.87 | 4.43 |
| Prosperity Bancshares Inc | 11.71 | 4.88 |
| PEERS AVERAGE | 12.47 | 3.52 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.