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Side-by-side financial comparison of HUDSON TECHNOLOGIES INC (HDSN) and WASHINGTON TRUST BANCORP INC (WASH). Click either name above to swap in a different company.

WASHINGTON TRUST BANCORP INC is the larger business by last-quarter revenue ($57.8M vs $44.4M, roughly 1.3× HUDSON TECHNOLOGIES INC). WASHINGTON TRUST BANCORP INC runs the higher net margin — 21.8% vs -19.4%, a 41.2% gap on every dollar of revenue. Over the past eight quarters, WASHINGTON TRUST BANCORP INC's revenue compounded faster (9.5% CAGR vs -17.5%).

Hudson Technologies Inc is a U.S.-based provider of sustainable refrigerant management solutions, offering virgin and reclaimed refrigerants, refrigerant recovery, reclamation, and compliance support services. It primarily serves the North American market, with core customers across the HVAC, commercial refrigeration, and industrial cooling sectors, focusing on supporting clients' transition to low-GWP refrigerant alternatives.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

HDSN vs WASH — Head-to-Head

Bigger by revenue
WASH
WASH
1.3× larger
WASH
$57.8M
$44.4M
HDSN
Higher net margin
WASH
WASH
41.2% more per $
WASH
21.8%
-19.4%
HDSN
Faster 2-yr revenue CAGR
WASH
WASH
Annualised
WASH
9.5%
-17.5%
HDSN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HDSN
HDSN
WASH
WASH
Revenue
$44.4M
$57.8M
Net Profit
$-8.6M
$12.6M
Gross Margin
8.0%
Operating Margin
-25.2%
Net Margin
-19.4%
21.8%
Revenue YoY
28.2%
Net Profit YoY
-236.6%
3.5%
EPS (diluted)
$-0.19
$0.66

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
HDSN
HDSN
WASH
WASH
Q1 26
$57.8M
Q4 25
$44.4M
$59.3M
Q3 25
$74.0M
$56.5M
Q2 25
$72.8M
$54.3M
Q1 25
$55.3M
$59.1M
Q4 24
$34.6M
$12.4M
Q3 24
$61.9M
$48.5M
Q2 24
$75.3M
$48.2M
Net Profit
HDSN
HDSN
WASH
WASH
Q1 26
$12.6M
Q4 25
$-8.6M
$16.0M
Q3 25
$12.4M
$10.8M
Q2 25
$10.2M
$13.2M
Q1 25
$2.8M
$12.2M
Q4 24
$-2.6M
$-60.8M
Q3 24
$7.8M
$11.0M
Q2 24
$9.6M
$10.8M
Gross Margin
HDSN
HDSN
WASH
WASH
Q1 26
Q4 25
8.0%
Q3 25
32.0%
Q2 25
31.3%
Q1 25
21.8%
Q4 24
16.7%
Q3 24
25.7%
Q2 24
30.0%
Operating Margin
HDSN
HDSN
WASH
WASH
Q1 26
Q4 25
-25.2%
34.9%
Q3 25
18.9%
24.7%
Q2 25
17.5%
31.6%
Q1 25
5.6%
26.5%
Q4 24
-9.4%
-648.7%
Q3 24
11.3%
28.5%
Q2 24
17.0%
28.7%
Net Margin
HDSN
HDSN
WASH
WASH
Q1 26
21.8%
Q4 25
-19.4%
27.0%
Q3 25
16.7%
19.2%
Q2 25
14.0%
24.4%
Q1 25
5.0%
20.6%
Q4 24
-7.4%
-491.4%
Q3 24
12.6%
22.6%
Q2 24
12.7%
22.4%
EPS (diluted)
HDSN
HDSN
WASH
WASH
Q1 26
$0.66
Q4 25
$-0.19
$0.84
Q3 25
$0.27
$0.56
Q2 25
$0.23
$0.68
Q1 25
$0.06
$0.63
Q4 24
$-0.05
$-3.54
Q3 24
$0.17
$0.64
Q2 24
$0.20
$0.63

Balance Sheet & Financial Strength

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

Metric
HDSN
HDSN
WASH
WASH
Cash + ST InvestmentsLiquidity on hand
$39.5M
$12.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$243.4M
$546.8M
Total Assets
$318.6M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HDSN
HDSN
WASH
WASH
Q1 26
$12.3M
Q4 25
$39.5M
Q3 25
$89.7M
Q2 25
$84.3M
Q1 25
$81.0M
Q4 24
$70.1M
Q3 24
$56.5M
Q2 24
$30.5M
Stockholders' Equity
HDSN
HDSN
WASH
WASH
Q1 26
$546.8M
Q4 25
$243.4M
$543.6M
Q3 25
$265.9M
$533.0M
Q2 25
$254.8M
$527.5M
Q1 25
$246.8M
$521.7M
Q4 24
$245.8M
$499.7M
Q3 24
$253.9M
$502.2M
Q2 24
$248.7M
$471.0M
Total Assets
HDSN
HDSN
WASH
WASH
Q1 26
$6.5B
Q4 25
$318.6M
$6.6B
Q3 25
$338.9M
$6.7B
Q2 25
$317.9M
$6.7B
Q1 25
$307.9M
$6.6B
Q4 24
$302.7M
$6.9B
Q3 24
$309.4M
$7.1B
Q2 24
$300.9M
$7.2B

Cash Flow & Capital Efficiency

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

Metric
HDSN
HDSN
WASH
WASH
Operating Cash FlowLast quarter
$-32.5M
Free Cash FlowOCF − Capex
$-33.7M
FCF MarginFCF / Revenue
-75.8%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HDSN
HDSN
WASH
WASH
Q1 26
Q4 25
$-32.5M
$80.3M
Q3 25
$8.8M
$39.6M
Q2 25
$6.4M
$11.3M
Q1 25
$14.2M
$8.4M
Q4 24
$20.7M
$57.7M
Q3 24
$30.3M
$25.7M
Q2 24
$41.8M
$11.2M
Free Cash Flow
HDSN
HDSN
WASH
WASH
Q1 26
Q4 25
$-33.7M
$78.3M
Q3 25
$6.7M
$39.3M
Q2 25
$5.9M
$10.9M
Q1 25
$12.7M
$8.4M
Q4 24
$19.2M
$53.7M
Q3 24
$28.6M
$24.4M
Q2 24
$40.6M
$9.6M
FCF Margin
HDSN
HDSN
WASH
WASH
Q1 26
Q4 25
-75.8%
132.2%
Q3 25
9.1%
69.6%
Q2 25
8.2%
20.2%
Q1 25
23.0%
14.2%
Q4 24
55.3%
433.8%
Q3 24
46.2%
50.4%
Q2 24
54.0%
19.8%
Capex Intensity
HDSN
HDSN
WASH
WASH
Q1 26
Q4 25
2.5%
3.4%
Q3 25
2.8%
0.6%
Q2 25
0.6%
0.7%
Q1 25
2.5%
0.1%
Q4 24
4.5%
32.3%
Q3 24
2.7%
2.6%
Q2 24
1.5%
3.4%
Cash Conversion
HDSN
HDSN
WASH
WASH
Q1 26
Q4 25
5.03×
Q3 25
0.71×
3.65×
Q2 25
0.63×
0.86×
Q1 25
5.13×
0.69×
Q4 24
Q3 24
3.88×
2.34×
Q2 24
4.36×
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HDSN
HDSN

Products$43.1M97%
Services$1.3M3%

WASH
WASH

Net Interest Income$40.5M70%
Noninterest Income$17.3M30%

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