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

HAWTHORN BANCSHARES, INC. is the larger business by last-quarter revenue ($21.2M vs $11.8M, roughly 1.8× Research Solutions, Inc.). On growth, HAWTHORN BANCSHARES, INC. posted the faster year-over-year revenue change (12.2% vs -1.0%). HAWTHORN BANCSHARES, INC. produced more free cash flow last quarter ($22.8M vs $1.4M). Over the past eight quarters, HAWTHORN BANCSHARES, INC.'s revenue compounded faster (9.1% CAGR vs -1.3%).

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.

Jacobs Solutions Inc. is an American international technical professional services firm based in Dallas. The company provides engineering, technical, professional, and construction services as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies. Jacobs has consistently ranked No. 1 on both Engineering News-Record (ENR)'s 2018, 2019, 2020, 2021, 2022, and 2023 Top 500 Design Firms and Trenchless Technolo...

HWBK vs RSSS — Head-to-Head

Bigger by revenue
HWBK
HWBK
1.8× larger
HWBK
$21.2M
$11.8M
RSSS
Growing faster (revenue YoY)
HWBK
HWBK
+13.2% gap
HWBK
12.2%
-1.0%
RSSS
More free cash flow
HWBK
HWBK
$21.5M more FCF
HWBK
$22.8M
$1.4M
RSSS
Faster 2-yr revenue CAGR
HWBK
HWBK
Annualised
HWBK
9.1%
-1.3%
RSSS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HWBK
HWBK
RSSS
RSSS
Revenue
$21.2M
$11.8M
Net Profit
$546.9K
Gross Margin
52.4%
Operating Margin
35.7%
6.3%
Net Margin
4.6%
Revenue YoY
12.2%
-1.0%
Net Profit YoY
127.6%
EPS (diluted)
$0.90
$0.02

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
RSSS
RSSS
Q4 25
$21.2M
$11.8M
Q3 25
$20.6M
$12.3M
Q2 25
$19.7M
$12.4M
Q1 25
$18.8M
$12.7M
Q4 24
$18.9M
$11.9M
Q3 24
$18.1M
$12.0M
Q2 24
$18.2M
$12.1M
Q1 24
$17.8M
$12.1M
Net Profit
HWBK
HWBK
RSSS
RSSS
Q4 25
$546.9K
Q3 25
$6.1M
$749.4K
Q2 25
$6.1M
$2.4M
Q1 25
$5.4M
$216.5K
Q4 24
$-2.0M
Q3 24
$4.6M
$669.0K
Q2 24
$4.6M
$-2.8M
Q1 24
$4.5M
$76.3K
Gross Margin
HWBK
HWBK
RSSS
RSSS
Q4 25
52.4%
Q3 25
50.6%
Q2 25
51.0%
Q1 25
49.5%
Q4 24
48.9%
Q3 24
47.9%
Q2 24
46.5%
Q1 24
45.2%
Operating Margin
HWBK
HWBK
RSSS
RSSS
Q4 25
35.7%
6.3%
Q3 25
36.4%
7.8%
Q2 25
37.9%
9.7%
Q1 25
35.2%
4.4%
Q4 24
29.9%
0.8%
Q3 24
31.1%
5.4%
Q2 24
31.2%
5.5%
Q1 24
30.5%
0.7%
Net Margin
HWBK
HWBK
RSSS
RSSS
Q4 25
4.6%
Q3 25
29.8%
6.1%
Q2 25
31.0%
19.0%
Q1 25
28.7%
1.7%
Q4 24
-16.6%
Q3 24
25.3%
5.6%
Q2 24
25.5%
-23.3%
Q1 24
25.1%
0.6%
EPS (diluted)
HWBK
HWBK
RSSS
RSSS
Q4 25
$0.90
$0.02
Q3 25
$0.88
$0.02
Q2 25
$0.88
$0.08
Q1 25
$0.77
$0.01
Q4 24
$0.66
$-0.07
Q3 24
$0.66
$0.02
Q2 24
$0.66
$-0.09
Q1 24
$0.63
$0.00

Balance Sheet & Financial Strength

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

Metric
HWBK
HWBK
RSSS
RSSS
Cash + ST InvestmentsLiquidity on hand
$104.3M
$12.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$174.2M
$17.2M
Total Assets
$1.9B
$44.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWBK
HWBK
RSSS
RSSS
Q4 25
$104.3M
$12.3M
Q3 25
$99.9M
$12.0M
Q2 25
$100.3M
$12.2M
Q1 25
$102.3M
$9.9M
Q4 24
$51.0M
$7.7M
Q3 24
$54.2M
$6.9M
Q2 24
$75.8M
$6.1M
Q1 24
$43.5M
$4.2M
Stockholders' Equity
HWBK
HWBK
RSSS
RSSS
Q4 25
$174.2M
$17.2M
Q3 25
$164.9M
$15.6M
Q2 25
$156.8M
$13.9M
Q1 25
$153.4M
$11.2M
Q4 24
$149.5M
$11.1M
Q3 24
$146.5M
$12.8M
Q2 24
$138.2M
$11.7M
Q1 24
$136.6M
$14.1M
Total Assets
HWBK
HWBK
RSSS
RSSS
Q4 25
$1.9B
$44.2M
Q3 25
$1.9B
$45.5M
Q2 25
$1.9B
$46.1M
Q1 25
$1.9B
$45.2M
Q4 24
$1.8B
$42.8M
Q3 24
$1.8B
$41.4M
Q2 24
$1.8B
$41.9M
Q1 24
$1.8B
$40.8M

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
RSSS
RSSS
Operating Cash FlowLast quarter
$26.9M
$1.4M
Free Cash FlowOCF − Capex
$22.8M
$1.4M
FCF MarginFCF / Revenue
107.9%
11.7%
Capex IntensityCapex / Revenue
19.3%
0.1%
Cash ConversionOCF / Net Profit
2.53×
TTM Free Cash FlowTrailing 4 quarters
$32.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWBK
HWBK
RSSS
RSSS
Q4 25
$26.9M
$1.4M
Q3 25
$288.0K
$1.1M
Q2 25
$5.8M
$2.3M
Q1 25
$5.7M
$2.9M
Q4 24
$25.6M
$1.0M
Q3 24
$9.1M
$843.1K
Q2 24
$8.9M
$2.0M
Q1 24
$5.6M
$2.0M
Free Cash Flow
HWBK
HWBK
RSSS
RSSS
Q4 25
$22.8M
$1.4M
Q3 25
$-734.0K
$1.1M
Q2 25
$5.1M
Q1 25
$5.5M
$2.9M
Q4 24
$22.6M
Q3 24
$8.1M
Q2 24
$8.4M
$1.9M
Q1 24
$5.1M
$2.0M
FCF Margin
HWBK
HWBK
RSSS
RSSS
Q4 25
107.9%
11.7%
Q3 25
-3.6%
8.8%
Q2 25
25.9%
Q1 25
29.1%
22.8%
Q4 24
119.7%
Q3 24
44.9%
Q2 24
46.2%
16.0%
Q1 24
28.5%
16.6%
Capex Intensity
HWBK
HWBK
RSSS
RSSS
Q4 25
19.3%
0.1%
Q3 25
5.0%
0.1%
Q2 25
3.3%
Q1 25
1.5%
0.0%
Q4 24
15.9%
Q3 24
5.5%
Q2 24
3.0%
0.1%
Q1 24
3.1%
0.0%
Cash Conversion
HWBK
HWBK
RSSS
RSSS
Q4 25
2.53×
Q3 25
0.05×
1.48×
Q2 25
0.94×
0.96×
Q1 25
1.07×
13.36×
Q4 24
Q3 24
1.99×
1.26×
Q2 24
1.93×
Q1 24
1.26×
26.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HWBK
HWBK

Segment breakdown not available.

RSSS
RSSS

Transactions$6.6M56%
Platforms$5.2M44%

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