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Side-by-side financial comparison of ASSOCIATED BANC-CORP (ASB) and WEBTOON Entertainment Inc. (WBTN). Click either name above to swap in a different company.
ASSOCIATED BANC-CORP is the larger business by last-quarter revenue ($383.0M vs $330.7M, roughly 1.2× WEBTOON Entertainment Inc.). ASSOCIATED BANC-CORP runs the higher net margin — 31.2% vs -93.0%, a 124.2% gap on every dollar of revenue.
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.
Webtoon is a South Korean-American webtoon platform launched in 2004 by Naver Corporation, providing hosting for webtoons and compact digital comics. The platform, controlled by Naver and the Naver-SoftBank Group joint venture LY Corporation through a Delaware-domiciled, Los Angeles, California-headquartered holding company Webtoon Entertainment Inc., is free and can be found both on the web at Webtoons.com and on mobile devices available for both Android and iOS.
ASB vs WBTN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $383.0M | $330.7M |
| Net Profit | $119.6M | $-307.6M |
| Gross Margin | — | 24.3% |
| Operating Margin | — | -4.0% |
| Net Margin | 31.2% | -93.0% |
| Revenue YoY | — | — |
| Net Profit YoY | 566.6% | — |
| EPS (diluted) | $0.70 | $-2.37 |
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.
| Q1 26 | $383.0M | — | ||
| Q4 25 | $310.0M | $330.7M | ||
| Q3 25 | $305.2M | $378.0M | ||
| Q2 25 | $300.0M | $348.3M | ||
| Q1 25 | $285.9M | $325.7M | ||
| Q4 24 | $270.3M | — | ||
| Q3 24 | $329.7M | $347.9M | ||
| Q2 24 | $321.8M | $321.0M |
| Q1 26 | $119.6M | — | ||
| Q4 25 | $137.1M | $-307.6M | ||
| Q3 25 | $124.7M | $-11.6M | ||
| Q2 25 | $111.2M | $-4.3M | ||
| Q1 25 | $101.7M | $-22.4M | ||
| Q4 24 | $-161.6M | — | ||
| Q3 24 | $88.0M | $19.8M | ||
| Q2 24 | $115.6M | $-76.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | — | 25.1% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 26.3% | ||
| Q2 24 | — | 25.9% |
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | -4.0% | ||
| Q3 25 | 50.5% | -3.9% | ||
| Q2 25 | 46.5% | -2.5% | ||
| Q1 25 | 42.3% | -8.2% | ||
| Q4 24 | -65.8% | — | ||
| Q3 24 | 32.8% | -2.3% | ||
| Q2 24 | 32.0% | -24.6% |
| Q1 26 | 31.2% | — | ||
| Q4 25 | 44.2% | -93.0% | ||
| Q3 25 | 40.9% | -3.1% | ||
| Q2 25 | 37.1% | -1.2% | ||
| Q1 25 | 35.6% | -6.9% | ||
| Q4 24 | -59.8% | — | ||
| Q3 24 | 26.7% | 5.7% | ||
| Q2 24 | 35.9% | -24.0% |
| Q1 26 | $0.70 | — | ||
| Q4 25 | $0.80 | $-2.37 | ||
| Q3 25 | $0.73 | $-0.09 | ||
| Q2 25 | $0.65 | $-0.03 | ||
| Q1 25 | $0.59 | $-0.17 | ||
| Q4 24 | $-1.10 | — | ||
| Q3 24 | $0.56 | $0.15 | ||
| Q2 24 | $0.74 | $-0.70 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $581.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.0B | $1.2B |
| Total Assets | $45.6B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $581.8M | ||
| Q3 25 | — | $584.6M | ||
| Q2 25 | — | $581.5M | ||
| Q1 25 | — | $550.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $585.5M | ||
| Q2 24 | — | $572.3M |
| 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 | — |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $1.2B | ||
| Q3 25 | $4.9B | $1.5B | ||
| Q2 25 | $4.8B | $1.5B | ||
| Q1 25 | $4.7B | $1.5B | ||
| Q4 24 | $4.6B | — | ||
| Q3 24 | $4.4B | $1.6B | ||
| Q2 24 | $4.2B | $1.5B |
| Q1 26 | $45.6B | — | ||
| Q4 25 | $45.2B | $1.6B | ||
| Q3 25 | $44.5B | $2.0B | ||
| Q2 25 | $44.0B | $2.0B | ||
| Q1 25 | $43.3B | $1.9B | ||
| Q4 24 | $43.0B | — | ||
| Q3 24 | $42.2B | $2.1B | ||
| Q2 24 | $41.6B | $2.0B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $7.6M |
| Free Cash FlowOCF − Capex | — | $7.0M |
| FCF MarginFCF / Revenue | — | 2.1% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $218.1M | $7.6M | ||
| Q3 25 | $158.0M | $16.5M | ||
| Q2 25 | $141.5M | $5.7M | ||
| Q1 25 | $98.2M | $-18.7M | ||
| Q4 24 | $207.1M | — | ||
| Q3 24 | $105.1M | $4.1M | ||
| Q2 24 | $113.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.0M | ||
| Q3 25 | — | $11.8M | ||
| Q2 25 | — | $3.9M | ||
| Q1 25 | — | $-19.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.5M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | — | ||
| Q3 25 | 1.27× | — | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 0.97× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.19× | 0.21× | ||
| Q2 24 | 0.98× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
WBTN
| Other | $158.3M | 48% |
| KR | $125.7M | 38% |
| IP Adaptations | $25.4M | 8% |
| Related Party | $21.3M | 6% |
