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Side-by-side financial comparison of HAWTHORN BANCSHARES, INC. (HWBK) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

X4 Pharmaceuticals, Inc is the larger business by last-quarter revenue ($28.8M vs $21.2M, roughly 1.4× HAWTHORN BANCSHARES, INC.).

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.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

HWBK vs XFOR — Head-to-Head

Bigger by revenue
XFOR
XFOR
1.4× larger
XFOR
$28.8M
$21.2M
HWBK

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
HWBK
HWBK
XFOR
XFOR
Revenue
$21.2M
$28.8M
Net Profit
$282.0K
Gross Margin
83.6%
Operating Margin
35.7%
-32.8%
Net Margin
1.0%
Revenue YoY
12.2%
Net Profit YoY
100.5%
EPS (diluted)
$0.90
$0.04

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
XFOR
XFOR
Q4 25
$21.2M
Q3 25
$20.6M
Q2 25
$19.7M
Q1 25
$18.8M
$28.8M
Q4 24
$18.9M
Q3 24
$18.1M
Q2 24
$18.2M
Q1 24
$17.8M
$0
Net Profit
HWBK
HWBK
XFOR
XFOR
Q4 25
Q3 25
$6.1M
Q2 25
$6.1M
Q1 25
$5.4M
$282.0K
Q4 24
Q3 24
$4.6M
Q2 24
$4.6M
Q1 24
$4.5M
$-51.8M
Gross Margin
HWBK
HWBK
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
83.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
HWBK
HWBK
XFOR
XFOR
Q4 25
35.7%
Q3 25
36.4%
Q2 25
37.9%
Q1 25
35.2%
-32.8%
Q4 24
29.9%
Q3 24
31.1%
Q2 24
31.2%
Q1 24
30.5%
Net Margin
HWBK
HWBK
XFOR
XFOR
Q4 25
Q3 25
29.8%
Q2 25
31.0%
Q1 25
28.7%
1.0%
Q4 24
Q3 24
25.3%
Q2 24
25.5%
Q1 24
25.1%
EPS (diluted)
HWBK
HWBK
XFOR
XFOR
Q4 25
$0.90
Q3 25
$0.88
Q2 25
$0.88
Q1 25
$0.77
$0.04
Q4 24
$0.66
Q3 24
$0.66
Q2 24
$0.66
Q1 24
$0.63
$-7.77

Balance Sheet & Financial Strength

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

Metric
HWBK
HWBK
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$104.3M
$40.3M
Total DebtLower is stronger
$75.0M
Stockholders' EquityBook value
$174.2M
$22.9M
Total Assets
$1.9B
$130.0M
Debt / EquityLower = less leverage
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWBK
HWBK
XFOR
XFOR
Q4 25
$104.3M
Q3 25
$99.9M
Q2 25
$100.3M
Q1 25
$102.3M
$40.3M
Q4 24
$51.0M
Q3 24
$54.2M
Q2 24
$75.8M
Q1 24
$43.5M
$60.5M
Total Debt
HWBK
HWBK
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
$75.0M
Q4 24
Q3 24
Q2 24
Q1 24
$55.0M
Stockholders' Equity
HWBK
HWBK
XFOR
XFOR
Q4 25
$174.2M
Q3 25
$164.9M
Q2 25
$156.8M
Q1 25
$153.4M
$22.9M
Q4 24
$149.5M
Q3 24
$146.5M
Q2 24
$138.2M
Q1 24
$136.6M
$1.0M
Total Assets
HWBK
HWBK
XFOR
XFOR
Q4 25
$1.9B
Q3 25
$1.9B
Q2 25
$1.9B
Q1 25
$1.9B
$130.0M
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
Q1 24
$1.8B
$112.2M
Debt / Equity
HWBK
HWBK
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
3.27×
Q4 24
Q3 24
Q2 24
Q1 24
53.09×

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
XFOR
XFOR
Operating Cash FlowLast quarter
$26.9M
$-12.4M
Free Cash FlowOCF − Capex
$22.8M
FCF MarginFCF / Revenue
107.9%
Capex IntensityCapex / Revenue
19.3%
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters
$32.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWBK
HWBK
XFOR
XFOR
Q4 25
$26.9M
Q3 25
$288.0K
Q2 25
$5.8M
Q1 25
$5.7M
$-12.4M
Q4 24
$25.6M
Q3 24
$9.1M
Q2 24
$8.9M
Q1 24
$5.6M
$-33.6M
Free Cash Flow
HWBK
HWBK
XFOR
XFOR
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
$-33.7M
FCF Margin
HWBK
HWBK
XFOR
XFOR
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
XFOR
XFOR
Q4 25
19.3%
Q3 25
5.0%
Q2 25
3.3%
Q1 25
1.5%
0.0%
Q4 24
15.9%
Q3 24
5.5%
Q2 24
3.0%
Q1 24
3.1%
Cash Conversion
HWBK
HWBK
XFOR
XFOR
Q4 25
Q3 25
0.05×
Q2 25
0.94×
Q1 25
1.07×
-43.86×
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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