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Side-by-side financial comparison of Assertio Holdings, Inc. (ASRT) and HAWTHORN BANCSHARES, INC. (HWBK). Click either name above to swap in a different company.

HAWTHORN BANCSHARES, INC. is the larger business by last-quarter revenue ($21.2M vs $13.5M, roughly 1.6× Assertio Holdings, Inc.). On growth, HAWTHORN BANCSHARES, INC. posted the faster year-over-year revenue change (12.2% vs -57.9%). Over the past eight quarters, HAWTHORN BANCSHARES, INC.'s revenue compounded faster (9.1% CAGR vs -35.4%).

Assertio Therapeutics, Inc. is an American specialty pharmaceutical company. It mainly markets products for treatment in neurology, pain and diseases of the central nervous system. Depomed was founded in 1995 and is headquartered in Newark, California. It is a publicly traded company on NASDAQ, with several products approved by the United States Food and Drug Administration (FDA). On August 15, 2018, the company announced its name change from Depomed, Inc., to Assertio Therapeutics, Inc. As o...

Hawthorn Bancshares, Inc. is a U.S. regional bank holding company operating through its wholly owned subsidiary Hawthorn Bank. It provides a full range of retail and commercial banking services including deposit products, mortgage loans, small business financing, commercial lending, and wealth management solutions, primarily serving individual customers and small to mid-sized enterprises across local communities in Missouri.

ASRT vs HWBK — Head-to-Head

Bigger by revenue
HWBK
HWBK
1.6× larger
HWBK
$21.2M
$13.5M
ASRT
Growing faster (revenue YoY)
HWBK
HWBK
+70.1% gap
HWBK
12.2%
-57.9%
ASRT
Faster 2-yr revenue CAGR
HWBK
HWBK
Annualised
HWBK
9.1%
-35.4%
ASRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASRT
ASRT
HWBK
HWBK
Revenue
$13.5M
$21.2M
Net Profit
Gross Margin
Operating Margin
-86.7%
35.7%
Net Margin
Revenue YoY
-57.9%
12.2%
Net Profit YoY
EPS (diluted)
$-4.54
$0.90

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
ASRT
ASRT
HWBK
HWBK
Q4 25
$13.5M
$21.2M
Q3 25
$49.5M
$20.6M
Q2 25
$29.2M
$19.7M
Q1 25
$26.5M
$18.8M
Q4 24
$32.2M
$18.9M
Q3 24
$29.2M
$18.1M
Q2 24
$31.1M
$18.2M
Q1 24
$32.4M
$17.8M
Net Profit
ASRT
ASRT
HWBK
HWBK
Q4 25
Q3 25
$11.4M
$6.1M
Q2 25
$-16.4M
$6.1M
Q1 25
$-13.5M
$5.4M
Q4 24
Q3 24
$-2.9M
$4.6M
Q2 24
$-3.7M
$4.6M
Q1 24
$-4.5M
$4.5M
Operating Margin
ASRT
ASRT
HWBK
HWBK
Q4 25
-86.7%
35.7%
Q3 25
23.2%
36.4%
Q2 25
-27.5%
37.9%
Q1 25
-50.0%
35.2%
Q4 24
-41.9%
29.9%
Q3 24
-10.4%
31.1%
Q2 24
-11.6%
31.2%
Q1 24
-13.4%
30.5%
Net Margin
ASRT
ASRT
HWBK
HWBK
Q4 25
Q3 25
23.1%
29.8%
Q2 25
-56.0%
31.0%
Q1 25
-51.1%
28.7%
Q4 24
Q3 24
-10.0%
25.3%
Q2 24
-11.8%
25.5%
Q1 24
-13.9%
25.1%
EPS (diluted)
ASRT
ASRT
HWBK
HWBK
Q4 25
$-4.54
$0.90
Q3 25
$0.11
$0.88
Q2 25
$-0.17
$0.88
Q1 25
$-0.14
$0.77
Q4 24
$-3.28
$0.66
Q3 24
$-0.03
$0.66
Q2 24
$-0.04
$0.66
Q1 24
$-0.05
$0.63

Balance Sheet & Financial Strength

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

Metric
ASRT
ASRT
HWBK
HWBK
Cash + ST InvestmentsLiquidity on hand
$63.4M
$104.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$94.0M
$174.2M
Total Assets
$267.0M
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASRT
ASRT
HWBK
HWBK
Q4 25
$63.4M
$104.3M
Q3 25
$93.4M
$99.9M
Q2 25
$98.2M
$100.3M
Q1 25
$87.3M
$102.3M
Q4 24
$100.1M
$51.0M
Q3 24
$88.6M
$54.2M
Q2 24
$88.4M
$75.8M
Q1 24
$80.7M
$43.5M
Total Debt
ASRT
ASRT
HWBK
HWBK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$38.6M
Stockholders' Equity
ASRT
ASRT
HWBK
HWBK
Q4 25
$94.0M
$174.2M
Q3 25
$105.8M
$164.9M
Q2 25
$93.3M
$156.8M
Q1 25
$108.5M
$153.4M
Q4 24
$121.1M
$149.5M
Q3 24
$130.5M
$146.5M
Q2 24
$132.2M
$138.2M
Q1 24
$134.5M
$136.6M
Total Assets
ASRT
ASRT
HWBK
HWBK
Q4 25
$267.0M
$1.9B
Q3 25
$319.8M
$1.9B
Q2 25
$273.8M
$1.9B
Q1 25
$286.4M
$1.9B
Q4 24
$284.7M
$1.8B
Q3 24
$276.0M
$1.8B
Q2 24
$279.4M
$1.8B
Q1 24
$282.0M
$1.8B
Debt / Equity
ASRT
ASRT
HWBK
HWBK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.29×

Cash Flow & Capital Efficiency

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

Metric
ASRT
ASRT
HWBK
HWBK
Operating Cash FlowLast quarter
$-30.0M
$26.9M
Free Cash FlowOCF − Capex
$22.8M
FCF MarginFCF / Revenue
107.9%
Capex IntensityCapex / Revenue
19.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$32.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASRT
ASRT
HWBK
HWBK
Q4 25
$-30.0M
$26.9M
Q3 25
$-4.8M
$288.0K
Q2 25
$19.1M
$5.8M
Q1 25
$-12.5M
$5.7M
Q4 24
$11.5M
$25.6M
Q3 24
$-35.0K
$9.1M
Q2 24
$7.4M
$8.9M
Q1 24
$7.5M
$5.6M
Free Cash Flow
ASRT
ASRT
HWBK
HWBK
Q4 25
$22.8M
Q3 25
$-734.0K
Q2 25
$5.1M
Q1 25
$5.5M
Q4 24
$22.6M
Q3 24
$8.1M
Q2 24
$8.4M
Q1 24
$5.1M
FCF Margin
ASRT
ASRT
HWBK
HWBK
Q4 25
107.9%
Q3 25
-3.6%
Q2 25
25.9%
Q1 25
29.1%
Q4 24
119.7%
Q3 24
44.9%
Q2 24
46.2%
Q1 24
28.5%
Capex Intensity
ASRT
ASRT
HWBK
HWBK
Q4 25
19.3%
Q3 25
5.0%
Q2 25
3.3%
Q1 25
1.5%
Q4 24
15.9%
Q3 24
0.0%
5.5%
Q2 24
3.0%
Q1 24
3.1%
Cash Conversion
ASRT
ASRT
HWBK
HWBK
Q4 25
Q3 25
-0.42×
0.05×
Q2 25
0.94×
Q1 25
1.07×
Q4 24
Q3 24
1.99×
Q2 24
1.93×
Q1 24
1.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASRT
ASRT

Products$12.8M95%
Other$719.0K5%

HWBK
HWBK

Segment breakdown not available.

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