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Side-by-side financial comparison of HAWTHORN BANCSHARES, INC. (HWBK) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

R F INDUSTRIES LTD is the larger business by last-quarter revenue ($22.7M vs $21.2M, roughly 1.1× HAWTHORN BANCSHARES, INC.). On growth, R F INDUSTRIES LTD posted the faster year-over-year revenue change (22.9% vs 12.2%). HAWTHORN BANCSHARES, INC. produced more free cash flow last quarter ($22.8M vs $2.0M). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% CAGR vs 9.1%).

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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

HWBK vs RFIL — Head-to-Head

Bigger by revenue
RFIL
RFIL
1.1× larger
RFIL
$22.7M
$21.2M
HWBK
Growing faster (revenue YoY)
RFIL
RFIL
+10.8% gap
RFIL
22.9%
12.2%
HWBK
More free cash flow
HWBK
HWBK
$20.8M more FCF
HWBK
$22.8M
$2.0M
RFIL
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
9.1%
HWBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HWBK
HWBK
RFIL
RFIL
Revenue
$21.2M
$22.7M
Net Profit
$173.0K
Gross Margin
36.8%
Operating Margin
35.7%
4.0%
Net Margin
0.8%
Revenue YoY
12.2%
22.9%
Net Profit YoY
172.7%
EPS (diluted)
$0.90
$0.01

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
HWBK
HWBK
RFIL
RFIL
Q4 25
$21.2M
$22.7M
Q3 25
$20.6M
$19.8M
Q2 25
$19.7M
$18.9M
Q1 25
$18.8M
$19.2M
Q4 24
$18.9M
$18.5M
Q3 24
$18.1M
$16.8M
Q2 24
$18.2M
$16.1M
Q1 24
$17.8M
$13.5M
Net Profit
HWBK
HWBK
RFIL
RFIL
Q4 25
$173.0K
Q3 25
$6.1M
$392.0K
Q2 25
$6.1M
$-245.0K
Q1 25
$5.4M
$-245.0K
Q4 24
$-238.0K
Q3 24
$4.6M
$-705.0K
Q2 24
$4.6M
$-4.3M
Q1 24
$4.5M
$-1.4M
Gross Margin
HWBK
HWBK
RFIL
RFIL
Q4 25
36.8%
Q3 25
34.0%
Q2 25
31.5%
Q1 25
29.8%
Q4 24
31.3%
Q3 24
29.5%
Q2 24
29.9%
Q1 24
24.5%
Operating Margin
HWBK
HWBK
RFIL
RFIL
Q4 25
35.7%
4.0%
Q3 25
36.4%
3.6%
Q2 25
37.9%
0.6%
Q1 25
35.2%
0.3%
Q4 24
29.9%
0.5%
Q3 24
31.1%
-2.5%
Q2 24
31.2%
-2.6%
Q1 24
30.5%
-15.5%
Net Margin
HWBK
HWBK
RFIL
RFIL
Q4 25
0.8%
Q3 25
29.8%
2.0%
Q2 25
31.0%
-1.3%
Q1 25
28.7%
-1.3%
Q4 24
-1.3%
Q3 24
25.3%
-4.2%
Q2 24
25.5%
-26.7%
Q1 24
25.1%
-10.1%
EPS (diluted)
HWBK
HWBK
RFIL
RFIL
Q4 25
$0.90
$0.01
Q3 25
$0.88
$0.04
Q2 25
$0.88
$-0.02
Q1 25
$0.77
$-0.02
Q4 24
$0.66
$-0.02
Q3 24
$0.66
$-0.07
Q2 24
$0.66
$-0.41
Q1 24
$0.63
$-0.13

Balance Sheet & Financial Strength

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

Metric
HWBK
HWBK
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$104.3M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$174.2M
$35.2M
Total Assets
$1.9B
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWBK
HWBK
RFIL
RFIL
Q4 25
$104.3M
$5.1M
Q3 25
$99.9M
$3.0M
Q2 25
$100.3M
$3.6M
Q1 25
$102.3M
$1.3M
Q4 24
$51.0M
$839.0K
Q3 24
$54.2M
$1.8M
Q2 24
$75.8M
$1.4M
Q1 24
$43.5M
$4.5M
Stockholders' Equity
HWBK
HWBK
RFIL
RFIL
Q4 25
$174.2M
$35.2M
Q3 25
$164.9M
$34.8M
Q2 25
$156.8M
$34.2M
Q1 25
$153.4M
$34.2M
Q4 24
$149.5M
$34.1M
Q3 24
$146.5M
$34.1M
Q2 24
$138.2M
$34.6M
Q1 24
$136.6M
$38.7M
Total Assets
HWBK
HWBK
RFIL
RFIL
Q4 25
$1.9B
$73.0M
Q3 25
$1.9B
$73.2M
Q2 25
$1.9B
$72.7M
Q1 25
$1.9B
$70.4M
Q4 24
$1.8B
$71.0M
Q3 24
$1.8B
$71.9M
Q2 24
$1.8B
$72.8M
Q1 24
$1.8B
$79.1M

Cash Flow & Capital Efficiency

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

Metric
HWBK
HWBK
RFIL
RFIL
Operating Cash FlowLast quarter
$26.9M
$2.1M
Free Cash FlowOCF − Capex
$22.8M
$2.0M
FCF MarginFCF / Revenue
107.9%
9.0%
Capex IntensityCapex / Revenue
19.3%
0.3%
Cash ConversionOCF / Net Profit
12.13×
TTM Free Cash FlowTrailing 4 quarters
$32.7M
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWBK
HWBK
RFIL
RFIL
Q4 25
$26.9M
$2.1M
Q3 25
$288.0K
$-311.0K
Q2 25
$5.8M
$2.2M
Q1 25
$5.7M
$601.0K
Q4 24
$25.6M
$-244.0K
Q3 24
$9.1M
$2.4M
Q2 24
$8.9M
$197.0K
Q1 24
$5.6M
$840.0K
Free Cash Flow
HWBK
HWBK
RFIL
RFIL
Q4 25
$22.8M
$2.0M
Q3 25
$-734.0K
$-419.0K
Q2 25
$5.1M
$2.2M
Q1 25
$5.5M
$574.0K
Q4 24
$22.6M
$-418.0K
Q3 24
$8.1M
$2.1M
Q2 24
$8.4M
$28.0K
Q1 24
$5.1M
$697.0K
FCF Margin
HWBK
HWBK
RFIL
RFIL
Q4 25
107.9%
9.0%
Q3 25
-3.6%
-2.1%
Q2 25
25.9%
11.4%
Q1 25
29.1%
3.0%
Q4 24
119.7%
-2.3%
Q3 24
44.9%
12.6%
Q2 24
46.2%
0.2%
Q1 24
28.5%
5.2%
Capex Intensity
HWBK
HWBK
RFIL
RFIL
Q4 25
19.3%
0.3%
Q3 25
5.0%
0.5%
Q2 25
3.3%
0.2%
Q1 25
1.5%
0.1%
Q4 24
15.9%
0.9%
Q3 24
5.5%
1.5%
Q2 24
3.0%
1.0%
Q1 24
3.1%
1.1%
Cash Conversion
HWBK
HWBK
RFIL
RFIL
Q4 25
12.13×
Q3 25
0.05×
-0.79×
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

HWBK
HWBK

Segment breakdown not available.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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