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

HAWTHORN BANCSHARES, INC. is the larger business by last-quarter revenue ($21.2M vs $12.6M, roughly 1.7× Spero Therapeutics, Inc.). On growth, Spero Therapeutics, Inc. posted the faster year-over-year revenue change (24080.8% vs 12.2%). Over the past eight quarters, Spero Therapeutics, Inc.'s revenue compounded faster (847.7% 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.

HWBK vs SPRO — Head-to-Head

Bigger by revenue
HWBK
HWBK
1.7× larger
HWBK
$21.2M
$12.6M
SPRO
Growing faster (revenue YoY)
SPRO
SPRO
+24068.6% gap
SPRO
24080.8%
12.2%
HWBK
Faster 2-yr revenue CAGR
SPRO
SPRO
Annualised
SPRO
847.7%
9.1%
HWBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HWBK
HWBK
SPRO
SPRO
Revenue
$21.2M
$12.6M
Net Profit
$31.5M
Gross Margin
Operating Margin
35.7%
Net Margin
250.7%
Revenue YoY
12.2%
24080.8%
Net Profit YoY
250.9%
EPS (diluted)
$0.90
$0.56

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
SPRO
SPRO
Q4 25
$21.2M
$12.6M
Q3 25
$20.6M
$0
Q2 25
$19.7M
$0
Q1 25
$18.8M
$12.0K
Q4 24
$18.9M
$52.0K
Q3 24
$18.1M
$65.0K
Q2 24
$18.2M
$114.0K
Q1 24
$17.8M
$140.0K
Net Profit
HWBK
HWBK
SPRO
SPRO
Q4 25
$31.5M
Q3 25
$6.1M
$-7.4M
Q2 25
$6.1M
$-1.7M
Q1 25
$5.4M
$-13.9M
Q4 24
Q3 24
$4.6M
$-17.1M
Q2 24
$4.6M
$-17.9M
Q1 24
$4.5M
$-12.7M
Operating Margin
HWBK
HWBK
SPRO
SPRO
Q4 25
35.7%
Q3 25
36.4%
Q2 25
37.9%
Q1 25
35.2%
-122758.3%
Q4 24
29.9%
Q3 24
31.1%
-28604.6%
Q2 24
31.2%
-16720.2%
Q1 24
30.5%
-9987.1%
Net Margin
HWBK
HWBK
SPRO
SPRO
Q4 25
250.7%
Q3 25
29.8%
Q2 25
31.0%
Q1 25
28.7%
-115550.0%
Q4 24
Q3 24
25.3%
-26380.0%
Q2 24
25.5%
-15668.4%
Q1 24
25.1%
-9049.3%
EPS (diluted)
HWBK
HWBK
SPRO
SPRO
Q4 25
$0.90
$0.56
Q3 25
$0.88
$-0.13
Q2 25
$0.88
$-0.03
Q1 25
$0.77
$-0.25
Q4 24
$0.66
Q3 24
$0.66
$-0.32
Q2 24
$0.66
$-0.33
Q1 24
$0.63
$-0.24

Balance Sheet & Financial Strength

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

Metric
HWBK
HWBK
SPRO
SPRO
Cash + ST InvestmentsLiquidity on hand
$104.3M
$40.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$174.2M
$59.0M
Total Assets
$1.9B
$68.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWBK
HWBK
SPRO
SPRO
Q4 25
$104.3M
$40.3M
Q3 25
$99.9M
$48.6M
Q2 25
$100.3M
$31.2M
Q1 25
$102.3M
$48.9M
Q4 24
$51.0M
$52.9M
Q3 24
$54.2M
$76.3M
Q2 24
$75.8M
$63.5M
Q1 24
$43.5M
$82.3M
Stockholders' Equity
HWBK
HWBK
SPRO
SPRO
Q4 25
$174.2M
$59.0M
Q3 25
$164.9M
$26.5M
Q2 25
$156.8M
$32.8M
Q1 25
$153.4M
$33.8M
Q4 24
$149.5M
$46.1M
Q3 24
$146.5M
$65.5M
Q2 24
$138.2M
$80.5M
Q1 24
$136.6M
$96.2M
Total Assets
HWBK
HWBK
SPRO
SPRO
Q4 25
$1.9B
$68.9M
Q3 25
$1.9B
$54.2M
Q2 25
$1.9B
$62.1M
Q1 25
$1.9B
$77.7M
Q4 24
$1.8B
$110.5M
Q3 24
$1.8B
$135.2M
Q2 24
$1.8B
$149.9M
Q1 24
$1.8B
$167.7M

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
SPRO
SPRO
Operating Cash FlowLast quarter
$26.9M
$-8.4M
Free Cash FlowOCF − Capex
$22.8M
FCF MarginFCF / Revenue
107.9%
Capex IntensityCapex / Revenue
19.3%
Cash ConversionOCF / Net Profit
-0.26×
TTM Free Cash FlowTrailing 4 quarters
$32.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWBK
HWBK
SPRO
SPRO
Q4 25
$26.9M
$-8.4M
Q3 25
$288.0K
$17.4M
Q2 25
$5.8M
$-17.7M
Q1 25
$5.7M
$-4.0M
Q4 24
$25.6M
$-23.4M
Q3 24
$9.1M
$12.8M
Q2 24
$8.9M
$-18.7M
Q1 24
$5.6M
$5.9M
Free Cash Flow
HWBK
HWBK
SPRO
SPRO
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
HWBK
HWBK
SPRO
SPRO
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
HWBK
HWBK
SPRO
SPRO
Q4 25
19.3%
Q3 25
5.0%
Q2 25
3.3%
Q1 25
1.5%
Q4 24
15.9%
Q3 24
5.5%
Q2 24
3.0%
Q1 24
3.1%
Cash Conversion
HWBK
HWBK
SPRO
SPRO
Q4 25
-0.26×
Q3 25
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.

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