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Side-by-side financial comparison of Asana, Inc. (ASAN) and HANCOCK WHITNEY CORP (HWC). Click either name above to swap in a different company.

HANCOCK WHITNEY CORP is the larger business by last-quarter revenue ($295.0M vs $201.0M, roughly 1.5× Asana, Inc.). HANCOCK WHITNEY CORP runs the higher net margin — 16.1% vs -34.0%, a 50.1% gap on every dollar of revenue. On growth, Asana, Inc. posted the faster year-over-year revenue change (9.3% vs -19.7%). Over the past eight quarters, Asana, Inc.'s revenue compounded faster (8.4% CAGR vs -9.4%).

Asana, Inc. is an American software company based in San Francisco whose flagship Asana service is a web and mobile "work management" platform designed to help teams organize, track, and manage their work. Asana, Inc. was founded in 2008 by Dustin Moskovitz and Justin Rosenstein. The product launched commercially in April 2012. In September 2020, the company was valued at $5.5 billion following its direct listing.

Hancock Whitney Corp. is an American bank holding company headquartered in Gulfport, Mississippi. It operates 237 branches in Mississippi, Alabama, Florida, Louisiana, and Texas. The bank is the official bank of the New Orleans Saints and issues the official debit card. The bank is also the official bank of LSU Athletics and the Louisiana Ragin' Cajuns, being the exclusive provider of credit cards for the LSU Tigers, as well as debit cards for both athletic brands.

ASAN vs HWC — Head-to-Head

Bigger by revenue
HWC
HWC
1.5× larger
HWC
$295.0M
$201.0M
ASAN
Growing faster (revenue YoY)
ASAN
ASAN
+29.0% gap
ASAN
9.3%
-19.7%
HWC
Higher net margin
HWC
HWC
50.1% more per $
HWC
16.1%
-34.0%
ASAN
Faster 2-yr revenue CAGR
ASAN
ASAN
Annualised
ASAN
8.4%
-9.4%
HWC

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
ASAN
ASAN
HWC
HWC
Revenue
$201.0M
$295.0M
Net Profit
$-68.4M
$47.4M
Gross Margin
88.9%
Operating Margin
-34.8%
Net Margin
-34.0%
16.1%
Revenue YoY
9.3%
-19.7%
Net Profit YoY
-19.4%
-60.3%
EPS (diluted)
$-0.29
$0.57

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASAN
ASAN
HWC
HWC
Q1 26
$295.0M
Q4 25
$201.0M
$389.3M
Q3 25
$196.9M
$385.7M
Q2 25
$187.3M
$375.5M
Q1 25
$188.3M
$364.7M
Q4 24
$183.9M
$364.8M
Q3 24
$179.2M
$367.7M
Q2 24
$172.4M
$359.6M
Net Profit
ASAN
ASAN
HWC
HWC
Q1 26
$47.4M
Q4 25
$-68.4M
Q3 25
$-48.4M
$127.5M
Q2 25
$-40.0M
Q1 25
$-62.3M
Q4 24
$-57.3M
Q3 24
$-72.2M
$115.6M
Q2 24
$-63.7M
Gross Margin
ASAN
ASAN
HWC
HWC
Q1 26
Q4 25
88.9%
Q3 25
89.7%
Q2 25
89.7%
Q1 25
89.6%
Q4 24
89.2%
Q3 24
88.8%
Q2 24
89.7%
Operating Margin
ASAN
ASAN
HWC
HWC
Q1 26
Q4 25
-34.8%
40.7%
Q3 25
-25.1%
41.6%
Q2 25
-23.4%
38.5%
Q1 25
-33.8%
40.9%
Q4 24
-32.7%
41.3%
Q3 24
-42.9%
39.5%
Q2 24
-38.4%
40.3%
Net Margin
ASAN
ASAN
HWC
HWC
Q1 26
16.1%
Q4 25
-34.0%
Q3 25
-24.6%
33.0%
Q2 25
-21.4%
Q1 25
-33.1%
Q4 24
-31.2%
Q3 24
-40.3%
31.4%
Q2 24
-37.0%
EPS (diluted)
ASAN
ASAN
HWC
HWC
Q1 26
$0.57
Q4 25
$-0.29
$1.48
Q3 25
$-0.20
$1.49
Q2 25
$-0.17
$1.32
Q1 25
$-0.27
$1.38
Q4 24
$-0.25
$1.40
Q3 24
$-0.31
$1.33
Q2 24
$-0.28
$1.31

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASAN
ASAN
HWC
HWC
Cash + ST InvestmentsLiquidity on hand
$183.5M
$223.7M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$188.4M
Total Assets
$840.4M
$35.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASAN
ASAN
HWC
HWC
Q1 26
$223.7M
Q4 25
$183.5M
Q3 25
$184.1M
Q2 25
$193.8M
Q1 25
$184.7M
Q4 24
$196.8M
Q3 24
$219.4M
Q2 24
$222.0M
Total Debt
ASAN
ASAN
HWC
HWC
Q1 26
$1.6B
Q4 25
$199.4M
Q3 25
$210.7M
Q2 25
$210.6M
Q1 25
$210.6M
Q4 24
$210.5M
Q3 24
$236.4M
Q2 24
$236.4M
Stockholders' Equity
ASAN
ASAN
HWC
HWC
Q1 26
Q4 25
$188.4M
$4.5B
Q3 25
$224.6M
$4.5B
Q2 25
$236.3M
$4.4B
Q1 25
$227.5M
$4.3B
Q4 24
$239.3M
$4.1B
Q3 24
$291.9M
$4.2B
Q2 24
$319.9M
$3.9B
Total Assets
ASAN
ASAN
HWC
HWC
Q1 26
$35.5B
Q4 25
$840.4M
$35.5B
Q3 25
$883.2M
$35.8B
Q2 25
$877.1M
$35.2B
Q1 25
$891.4M
$34.8B
Q4 24
$874.2M
$35.1B
Q3 24
$945.4M
$35.2B
Q2 24
$978.2M
$35.4B
Debt / Equity
ASAN
ASAN
HWC
HWC
Q1 26
Q4 25
0.04×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.06×
Q2 24
0.06×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASAN
ASAN
HWC
HWC
Operating Cash FlowLast quarter
$16.2M
Free Cash FlowOCF − Capex
$15.5M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$74.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASAN
ASAN
HWC
HWC
Q1 26
Q4 25
$16.2M
$541.8M
Q3 25
$39.8M
$158.8M
Q2 25
$6.8M
$125.8M
Q1 25
$15.9M
$104.2M
Q4 24
$-14.9M
$625.7M
Q3 24
$15.9M
$162.5M
Q2 24
$-1.9M
$105.0M
Free Cash Flow
ASAN
ASAN
HWC
HWC
Q1 26
Q4 25
$15.5M
$523.1M
Q3 25
$38.5M
$155.0M
Q2 25
$6.1M
$122.0M
Q1 25
$14.3M
$100.2M
Q4 24
$-16.3M
$615.5M
Q3 24
$14.2M
$158.6M
Q2 24
$-2.9M
$103.7M
FCF Margin
ASAN
ASAN
HWC
HWC
Q1 26
Q4 25
7.7%
134.4%
Q3 25
19.6%
40.2%
Q2 25
3.3%
32.5%
Q1 25
7.6%
27.5%
Q4 24
-8.8%
168.7%
Q3 24
7.9%
43.1%
Q2 24
-1.7%
28.8%
Capex Intensity
ASAN
ASAN
HWC
HWC
Q1 26
Q4 25
0.3%
4.8%
Q3 25
0.7%
1.0%
Q2 25
0.3%
1.0%
Q1 25
0.8%
1.1%
Q4 24
0.7%
2.8%
Q3 24
0.9%
1.1%
Q2 24
0.6%
0.4%
Cash Conversion
ASAN
ASAN
HWC
HWC
Q1 26
Q4 25
Q3 25
1.25×
Q2 25
Q1 25
Q4 24
Q3 24
1.41×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASAN
ASAN

US$118.5M59%
Non Us$82.5M41%

HWC
HWC

Segment breakdown not available.

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