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Side-by-side financial comparison of ASSOCIATED BANC-CORP (ASB) and Sleep Number Corp (SNBR). Click either name above to swap in a different company.

ASSOCIATED BANC-CORP is the larger business by last-quarter revenue ($383.0M vs $347.4M, roughly 1.1× Sleep Number Corp). ASSOCIATED BANC-CORP runs the higher net margin — 31.2% vs -16.8%, a 48.1% gap on every dollar of revenue. Over the past eight quarters, ASSOCIATED BANC-CORP's revenue compounded faster (9.1% CAGR vs -14.1%).

Associated Banc-Corp is a U.S. regional bank holding company providing retail banking, commercial banking, commercial real estate lending, private banking and specialized financial services. Headquartered in Green Bay, Wisconsin, Associated is a Midwest bank with from more than 220 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas.

Sleep Number Corporation is an American manufacturer that makes the Sleep Number and Comfortaire beds as well as foundations and bedding accessories. The company is based in Minneapolis, Minnesota. In addition to its Minnesota headquarters, Sleep Number has manufacturing and distribution facilities in South Carolina and Utah.

ASB vs SNBR — Head-to-Head

Bigger by revenue
ASB
ASB
1.1× larger
ASB
$383.0M
$347.4M
SNBR
Higher net margin
ASB
ASB
48.1% more per $
ASB
31.2%
-16.8%
SNBR
Faster 2-yr revenue CAGR
ASB
ASB
Annualised
ASB
9.1%
-14.1%
SNBR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ASB
ASB
SNBR
SNBR
Revenue
$383.0M
$347.4M
Net Profit
$119.6M
$-58.5M
Gross Margin
55.6%
Operating Margin
-13.4%
Net Margin
31.2%
-16.8%
Revenue YoY
-7.8%
Net Profit YoY
566.6%
-549.0%
EPS (diluted)
$0.70
$-2.55

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
ASB
ASB
SNBR
SNBR
Q1 26
$383.0M
$347.4M
Q4 25
$310.0M
Q3 25
$305.2M
$342.9M
Q2 25
$300.0M
$327.9M
Q1 25
$285.9M
$393.3M
Q4 24
$270.3M
$376.8M
Q3 24
$329.7M
$426.6M
Q2 24
$321.8M
$408.4M
Net Profit
ASB
ASB
SNBR
SNBR
Q1 26
$119.6M
$-58.5M
Q4 25
$137.1M
Q3 25
$124.7M
$-39.8M
Q2 25
$111.2M
$-25.0M
Q1 25
$101.7M
$-8.6M
Q4 24
$-161.6M
$-4.7M
Q3 24
$88.0M
$-3.1M
Q2 24
$115.6M
$-5.1M
Gross Margin
ASB
ASB
SNBR
SNBR
Q1 26
55.6%
Q4 25
Q3 25
59.9%
Q2 25
59.1%
Q1 25
61.2%
Q4 24
59.9%
Q3 24
60.8%
Q2 24
59.1%
Operating Margin
ASB
ASB
SNBR
SNBR
Q1 26
-13.4%
Q4 25
52.6%
Q3 25
50.5%
-11.8%
Q2 25
46.5%
-0.0%
Q1 25
42.3%
0.5%
Q4 24
-65.8%
0.7%
Q3 24
32.8%
2.0%
Q2 24
32.0%
1.5%
Net Margin
ASB
ASB
SNBR
SNBR
Q1 26
31.2%
-16.8%
Q4 25
44.2%
Q3 25
40.9%
-11.6%
Q2 25
37.1%
-7.6%
Q1 25
35.6%
-2.2%
Q4 24
-59.8%
-1.2%
Q3 24
26.7%
-0.7%
Q2 24
35.9%
-1.2%
EPS (diluted)
ASB
ASB
SNBR
SNBR
Q1 26
$0.70
$-2.55
Q4 25
$0.80
Q3 25
$0.73
$-1.73
Q2 25
$0.65
$-1.09
Q1 25
$0.59
$-0.38
Q4 24
$-1.10
$-0.21
Q3 24
$0.56
$-0.14
Q2 24
$0.74
$-0.22

Balance Sheet & Financial Strength

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

Metric
ASB
ASB
SNBR
SNBR
Cash + ST InvestmentsLiquidity on hand
$1.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0B
Total Assets
$45.6B
$680.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASB
ASB
SNBR
SNBR
Q1 26
$1.7M
Q4 25
Q3 25
$1.3M
Q2 25
$1.3M
Q1 25
$1.7M
Q4 24
$1.9M
Q3 24
$1.6M
Q2 24
$2.0M
Total Debt
ASB
ASB
SNBR
SNBR
Q1 26
Q4 25
$1.0B
Q3 25
$594.1M
Q2 25
$593.5M
Q1 25
$591.4M
Q4 24
$1.4B
Q3 24
$844.3M
Q2 24
$536.1M
Stockholders' Equity
ASB
ASB
SNBR
SNBR
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
$4.9B
$-521.3M
Q2 25
$4.8B
$-480.7M
Q1 25
$4.7B
$-456.8M
Q4 24
$4.6B
$-451.6M
Q3 24
$4.4B
$-448.8M
Q2 24
$4.2B
$-447.0M
Total Assets
ASB
ASB
SNBR
SNBR
Q1 26
$45.6B
$680.1M
Q4 25
$45.2B
Q3 25
$44.5B
$749.4M
Q2 25
$44.0B
$804.5M
Q1 25
$43.3B
$836.8M
Q4 24
$43.0B
$860.8M
Q3 24
$42.2B
$864.7M
Q2 24
$41.6B
$883.6M
Debt / Equity
ASB
ASB
SNBR
SNBR
Q1 26
Q4 25
0.20×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.13×
Q4 24
0.31×
Q3 24
0.19×
Q2 24
0.13×

Cash Flow & Capital Efficiency

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

Metric
ASB
ASB
SNBR
SNBR
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-643.0K
FCF MarginFCF / Revenue
-0.2%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-17.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASB
ASB
SNBR
SNBR
Q1 26
Q4 25
$218.1M
Q3 25
$158.0M
$-6.4M
Q2 25
$141.5M
$3.8M
Q1 25
$98.2M
$-2.6M
Q4 24
$207.1M
$-23.7M
Q3 24
$105.1M
$27.3M
Q2 24
$113.5M
$-10.2M
Free Cash Flow
ASB
ASB
SNBR
SNBR
Q1 26
$-643.0K
Q4 25
Q3 25
$-10.2M
Q2 25
$369.0K
Q1 25
$-7.2M
Q4 24
$-30.0M
Q3 24
$24.2M
Q2 24
$-15.0M
FCF Margin
ASB
ASB
SNBR
SNBR
Q1 26
-0.2%
Q4 25
Q3 25
-3.0%
Q2 25
0.1%
Q1 25
-1.8%
Q4 24
-8.0%
Q3 24
5.7%
Q2 24
-3.7%
Capex Intensity
ASB
ASB
SNBR
SNBR
Q1 26
Q4 25
Q3 25
1.1%
Q2 25
1.1%
Q1 25
1.2%
Q4 24
1.7%
Q3 24
0.7%
Q2 24
1.2%
Cash Conversion
ASB
ASB
SNBR
SNBR
Q1 26
Q4 25
1.59×
Q3 25
1.27×
Q2 25
1.27×
Q1 25
0.97×
Q4 24
Q3 24
1.19×
Q2 24
0.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASB
ASB

Net Interest Income$307.2M80%
Noninterest Income$75.9M20%

SNBR
SNBR

Segment breakdown not available.

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