Pathward Financial, Inc. (CASH) Key Metrics
CASH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.52B
- Enterprise value
- $1.59B
- P/E (TTM)
- 9.1 10-yr median 10.6
- Forward P/E
- 11.2
- PEG ratio
- 0.20
- Price / sales
- 2.0 10-yr median 2.5
- Price / book
- 1.8 10-yr median 1.6
- EV / EBITDA
- — 10-yr median 2.4
- Dividend yield
- 0.27% $0.20 a year
- Beta
- 0.66
CASH key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsCASH valuation Price multiples at each fiscal year-end price.
CASH returns How much profit the business earns on the capital it uses.
CASH per-share figures Results divided by the shares outstanding at year-end.
CASH financial health Debt, liquidity and how easily interest is covered.
CASH efficiency & capital use Working capital cycle and where the cash goes.
CASH valuation history
CASH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CASH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CASH cash returned to shareholders
CASH price vs earnings per share
CASH key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.74B | $1.66B | $1.24B | $963.5M | $1.67B | $685.2M | $1.27B | $850.0M | $729.3M | $512.3M |
| Enterprise value | $689.8M | $174.4M | −$891.9M | −$1.27B | $602.3M | −$449.2M | $1.11B | −$223.2M | −$155.2M | $15.7M |
| P/E ratio | 9.4 | 9.1 | 7.6 | 6.4 | 11.8 | 6.5 | 13.1 | 16.5 | 16.2 | 15.4 |
| Price / sales | 2.5 | 2.5 | 2.1 | 1.8 | 3.2 | 1.4 | 2.5 | 2.8 | 3.0 | 3.4 |
| Price / book | 2.0 | 2.0 | 1.9 | 1.5 | 1.9 | 0.8 | 1.5 | 1.1 | 1.7 | 1.5 |
| Price / free cash flow | 7.4 | 9.4 | — | — | 3.2 | 1.7 | 38.9 | 7.6 | 6.4 | — |
| Price / operating cash flow | 3.9 | 3.7 | 4.1 | 3.6 | 2.9 | 1.5 | 6.6 | 6.2 | 6.1 | — |
| EV / sales | 1.0 | 0.3 | -1.5 | -2.4 | 1.2 | -0.9 | 2.2 | -0.7 | -0.6 | 0.1 |
| EV / EBITDA | 2.4 | 0.6 | — | — | 2.8 | — | 7.3 | — | — | 0.4 |
| EV / free cash flow | 2.9 | 1.0 | — | — | 1.2 | — | 34.2 | — | — | — |
| Earnings yield | 10.7% | 11.0% | 13.2% | 15.7% | 8.5% | 15.3% | 7.6% | 6.1% | 6.2% | 6.5% |
| Free cash flow yield | 13.6% | 10.6% | −11.8% | −17.7% | 31.1% | 58.6% | 2.6% | 13.2% | 15.5% | −1.4% |
| Dividend yield | 0.3% | 0.3% | 0.4% | 0.6% | 0.4% | 1.0% | 0.6% | 0.7% | 0.7% | 0.9% |
| Shareholder yield (dividends + buybacks) | 9.6% | 5.5% | 10.1% | 18.1% | 6.4% | 18.4% | 4.5% | 1.0% | 0.7% | 0.9% |
| Share price at fiscal year-end | $74.01 | $66.01 | $46.09 | $32.96 | $52.48 | $19.22 | $32.61 | $27.55 | $26.13 | $20.20 |
| Per share | ||||||||||
| Revenue per share | $29.13 | $26.54 | $21.44 | $17.90 | $16.22 | $13.38 | $13.21 | $9.83 | $8.64 | $5.97 |
| Earnings per share | $7.90 | $7.27 | $6.08 | $5.17 | $4.46 | $2.94 | $2.49 | $1.67 | $1.61 | $1.31 |
| Operating cash flow per share | $19.16 | $18.00 | $11.26 | $9.20 | $18.32 | $13.11 | $4.91 | $4.46 | $4.30 | $0.00 |
| Free cash flow per share | $10.06 | $7.01 | −$5.45 | −$5.82 | $16.30 | $11.26 | $0.84 | $3.64 | $4.06 | −$0.27 |
| Cash per share | $46.49 | $75.37 | $80.96 | $77.68 | $36.59 | $34.83 | $26.12 | $51.47 | $85.09 | $66.42 |
| Book value per share | $36.48 | $33.33 | $24.20 | $22.07 | $27.46 | $23.77 | $21.58 | $24.12 | $15.57 | $13.21 |
| Tangible book value per share | $23.28 | $20.39 | $11.94 | $10.60 | $16.67 | $13.92 | $12.27 | $12.00 | $10.16 | $10.61 |
| Dividends per share | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.19 | $0.17 | $0.17 |
| Capex per share | $9.10 | $10.98 | $16.71 | $15.01 | $2.02 | $1.85 | $4.07 | $0.82 | $0.24 | $0.28 |
| Debt per share | $1.80 | $16.28 | $1.74 | $1.39 | $3.08 | $3.01 | $22.14 | $16.68 | $53.39 | $46.83 |
| Shares outstanding | 23.5M | 25.2M | 26.9M | 29.2M | 31.8M | 35.7M | 38.9M | 30.9M | 27.9M | 25.4M |
| Change in shares outstanding | −6.7% | −6.4% | −7.9% | −7.9% | −10.9% | −8.4% | +26.2% | +10.6% | +10.1% | +24.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 21.9% | 24.6% | 25.2% | 19.9% | 16.5% | 12.4% | 12.2% | 8.8% | 11.7% | 11.0% |
| Return on invested capital (ROIC) | — | — | — | — | — | — | 55.0% | — | — | — |
| Return on assets (ROA) | 2.5% | 2.4% | 2.3% | 2.2% | 2.2% | 1.7% | 1.6% | 0.9% | 1.0% | 1.0% |
| Return on tangible assets | 2.7% | 2.5% | 2.3% | 2.4% | 2.2% | 1.8% | 1.7% | 0.9% | 0.9% | 0.8% |
| Free cash flow margin | 34.5% | 26.4% | −25.4% | −32.5% | 100.5% | 84.1% | 6.3% | 37.1% | 47.0% | −4.6% |
| Income quality (OCF / net income) | 2.42 | 2.48 | 1.85 | 1.78 | 4.10 | 4.46 | 1.97 | 2.67 | 2.67 | 0.00 |
| Financial health | ||||||||||
| Total debt | $42.5M | $410.4M | $46.9M | $40.6M | $97.9M | $107.4M | $861.9M | $514.7M | $1.49B | $1.19B |
| Cash & short-term investments | $1.09B | $1.90B | $2.18B | $2.27B | $1.16B | $1.24B | $1.02B | $1.59B | $2.37B | $1.68B |
| Net debt | −$1.05B | −$1.49B | −$2.13B | −$2.23B | −$1.06B | −$1.13B | −$154.6M | −$1.07B | −$884.5M | −$496.6M |
| Debt / equity | 0.05 | 0.49 | 0.07 | 0.06 | 0.11 | 0.13 | 1.03 | 0.69 | 3.43 | 3.55 |
| Debt / assets | 0.01 | 0.05 | 0.01 | 0.01 | 0.01 | 0.02 | 0.14 | 0.09 | 0.28 | 0.30 |
| Net debt / EBITDA | −3.72 | −5.39 | −9.35 | −9.22 | −4.94 | −6.45 | −1.01 | −11.28 | −8.83 | −12.80 |
| Current ratio | 0.22 | 0.33 | 0.35 | 0.43 | — | 654.44 | 0.20 | 0.33 | 0.51 | 0.48 |
| Quick ratio | 0.22 | 0.33 | 0.41 | 0.50 | — | 894.84 | 0.24 | 0.32 | 0.51 | 0.48 |
| Interest coverage | 19.2 | 10.3 | 16.3 | 37.0 | 22.8 | 3.4 | 1.6 | 2.1 | 3.7 | 9.5 |
| Working capital | −$4.61B | −$4.17B | −$4.46B | −$3.30B | $1.18B | $1.26B | −$4.08B | −$3.36B | −$2.29B | −$1.86B |
| Invested capital | −$193.1M | −$649.3M | −$1.48B | −$1.59B | −$192.1M | −$287.1M | $685.3M | −$329.1M | −$450.0M | −$161.6M |
| Tangible asset value | $547.0M | $513.5M | $320.4M | $309.9M | $529.2M | $496.1M | $481.6M | $373.7M | $283.6M | $269.1M |
| Net current asset value | −$5.03B | −$4.63B | −$4.50B | −$3.60B | −$4.64B | −$3.99B | −$4.29B | −$3.45B | −$2.37B | −$1.96B |
| Graham number | $80.53 | $73.83 | $57.52 | $50.67 | $52.51 | $39.63 | $34.79 | $30.13 | $23.74 | $19.73 |
| Graham net-net per share | −$215.98 | −$185.40 | −$176.39 | −$132.14 | −$151.68 | −$118.41 | −$113.05 | −$112.37 | −$86.16 | −$77.86 |
| Capital allocation | ||||||||||
| Dividends paid | $4.7M | $5.1M | $5.4M | $5.9M | $6.4M | $7.1M | $7.8M | $5.7M | $4.8M | $4.4M |
| Share buybacks (net) | $163.0M | $86.9M | $120.4M | $168.2M | $99.9M | $118.7M | $49.9M | $2.6M | $470,000 | $0 |
| Dividend payout ratio | 2.5% | 2.8% | 3.3% | 3.9% | 4.5% | 6.8% | 8.0% | 11.1% | 10.8% | 13.2% |
| Dividends + buybacks / free cash flow | 70.9% | 52.0% | — | — | 20.5% | 31.4% | 176.9% | 7.4% | 4.7% | — |
| Capex / revenue | 31.2% | 41.4% | 77.9% | 83.9% | 12.4% | 13.8% | 30.8% | 8.4% | 2.8% | 4.6% |
| Capex / operating cash flow | 47.5% | 61.0% | 148.4% | 163.3% | 11.0% | 14.1% | 82.9% | 18.4% | 5.7% | 12,689.1% |
| Capex / depreciation | 3.58 | 4.79 | 23.38 | 7.12 | 1.08 | 1.08 | 2.87 | 0.67 | 0.15 | — |
| Stock-based compensation / revenue | 1.4% | 1.5% | 1.9% | 1.9% | 1.3% | 2.1% | 2.5% | 3.7% | 4.3% | 0.3% |
| SG&A / revenue | 29.3% | 30.1% | 31.9% | 32.7% | 29.3% | 28.6% | 30.8% | 36.8% | 38.3% | 43.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 98.9 | 106.5 | 137.6 | 85.4 | 11.6 | 14.2 | 15.1 | 24.9 | 27.7 | 43.3 |
| Days of inventory on hand | — | — | -563.3 | -2,216.4 | -2,594.8 | -1,200.0 | -240.3 | 101.5 | 2.6 | 1.6 |
| Days payables outstanding | — | — | — | 17,362.8 | 8.1 | 21.0 | 26.8 | 32.0 | 22.6 | 24.1 |
| Cash conversion cycle (days) | — | — | — | -19,493.7 | -2,591.2 | -1,206.8 | -252.0 | 94.4 | 7.7 | 20.8 |
| Receivables turnover | 3.69 | 3.43 | 2.65 | 4.27 | 31.33 | 25.77 | 24.23 | 14.65 | 13.18 | 8.43 |
| Payables turnover | — | — | — | 0.02 | 45.27 | 17.39 | 13.62 | 11.40 | 16.14 | 15.16 |
| Inventory turnover | — | — | — | — | — | — | — | 3.60 | 138.38 | 228.84 |
| Asset turnover | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.05 | 0.05 | 0.05 |
| Average receivables | $185.7M | $195.1M | $217.7M | $122.5M | $16.4M | $18.5M | $21.2M | $20.7M | $18.3M | $17.9M |
| Average payables | — | — | — | $2.93B | $1.3M | $5.7M | $8.6M | $5.0M | $1.6M | $573,500 |
| Average inventory | — | — | −$402.4M | −$374.4M | −$402.6M | −$324.1M | −$77.1M | $16.0M | $184,000 | $38,000 |
| Intangibles / total assets | 4.3% | 4.3% | 4.4% | 5.0% | 5.1% | 5.8% | 5.9% | 6.4% | 2.9% | 1.6% |
Computed from CASH's annual financial statements (latest annual report filed November 25, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CASH valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Pathward Financial traded at 9.4 times earnings, against a 10-year median of 10.6. Based on the latest twelve months, the trailing P/E is 9.1 and the forward P/E is 11.2. Pathward Financial earned a return on equity of 21.9% in fiscal 2025. It ended the year with $42.5 million of debt and $1.1 billion in cash and short-term investments, a net cash position of $1.1 billion. It returned $167.7 million to shareholders: $4.7 million in dividends and $163.0 million in share buybacks, 71% of free cash flow. The share count fell 7.2% from 25.4M to 23.5M over 9 years.
See the CASH income statement, the CASH chart for price history, or the CASH stock overview for the latest quote and news.
CASH key metrics FAQ
What is Pathward Financial's P/E ratio?
Pathward Financial's trailing P/E ratio is 9.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.2. At the end of fiscal 2025 it was 9.4, compared with a 10-year median of 10.6.
What is Pathward Financial's EV/EBITDA?
Pathward Financial's enterprise value was 2.4 times EBITDA at the end of fiscal 2025 (enterprise value $689.8 million, EBITDA $282.8 million).
What is Pathward Financial's return on equity?
Pathward Financial's return on equity (ROE) was 21.9% in fiscal 2025: net income of $185.9 million on average shareholders' equity of $849.0 million.
How much debt does Pathward Financial have?
Pathward Financial had total debt of $42.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.05 and more cash than debt.
What is Pathward Financial's dividend yield?
Pathward Financial's forward dividend yield is 0.27%. Pathward Financial paid $4.7 million in dividends in fiscal 2025 ($0.20 per share), a payout ratio of 2.5%.
Does Pathward Financial buy back its shares?
Yes. Pathward Financial spent $163.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −6.7% over the year, to 23.5M..
What is Pathward Financial's free cash flow yield?
Pathward Financial generated $236.6 million of free cash flow in fiscal 2025, a free cash flow yield of 13.6% on its market value at year-end ($1.7 billion).
What is Pathward Financial's current ratio?
Pathward Financial's current ratio was 0.22 at the end of fiscal 2025: current assets were 0.22 times current liabilities.