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PATHWARD FINANCIAL, INC. CASH

Nasdaq · stock · National Commercial Banks · website · IPO 1993-09-20 · LEI

PATHWARD FINANCIAL, INC. statistics & valuation

Market cap$1.8B
P / E9.9×
P / S2.2×
P / B2.1×
P / FCF4.2×
Dividend yield0.25%
Net margin22.1%
Return on equity21.7%
FCF margin52.3%
Net cash$87.1M
Enterprise value USD$1.8B
Graham number -6.4%$80.37

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($80.37); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
19.90% 21.00% 25.80% 26.00% 20.30% 23.00% 22.10% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
9.90% 10.30% 6.90% 11.50% 12.40% 16.30% 24.20% 22.00% 22.30% 21.70% 2016201720182019202020212022202320242025
Shares outstanding
25.5M 28.9M 39.2M 38.0M 34.8M 31.8M 29.2M 26.9M 25.2M 23.5M 2016201720182019202020212022202320242025
Net debt ($)
-$11.0M $89.3M -$329.1M -$221.2M -$352.0M -$341.7M -$125.0M -$87.1M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.80% 0.90% 0.90% 1.60% 1.70% 2.10% 2.30% 1.90% 2.40% 2.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
36.40% 91.20% 103.40% 43.40% 45.30% 60.00% 52.30% 2016201720182019202020212022202320242025
Debt / equity (×)
0.12× 0.26× 0.12× 0.11× 0.06× 0.05× 0.04× 0.04× 2016201720182019202020212022202320242025
EPS ($)
$1.30 $1.61 $1.67 $2.49 $2.94 $4.38 $5.26 $5.24 $7.20 $7.87 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

PATHWARD FINANCIAL, INC. trades at about 10.9× earnings — below its 10-year norm (10-year range 8×–18.8×, median 12.7×).

8× 18.8×

Shaded band = 10-year range (8×–18.8×); dot = today's 10.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin22.1%23.0%20.3%26.0%25.8%21.0%19.9%———
FCF margin52.3%60.0%45.3%43.4%103.4%91.2%36.4%———
Return on assets2.6%2.4%1.9%2.3%2.1%1.7%1.6%0.9%0.9%0.8%
Return on equity21.7%22.3%22.0%24.2%16.3%12.4%11.5%6.9%10.3%9.9%
Debt / equity0.04×0.04×0.05×0.06×0.11×0.12×0.26×0.12×——

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.