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Side-by-side financial comparison of HANCOCK WHITNEY CORP (HWC) and MASIMO CORP (MASI). Click either name above to swap in a different company.

MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $295.0M, roughly 1.3× HANCOCK WHITNEY CORP). HANCOCK WHITNEY CORP runs the higher net margin — 16.1% vs -27.0%, a 43.1% gap on every dollar of revenue. On growth, HANCOCK WHITNEY CORP posted the faster year-over-year revenue change (-19.7% vs -26.4%). Over the past eight quarters, HANCOCK WHITNEY CORP's revenue compounded faster (-9.4% CAGR vs -17.7%).

Hancock Whitney Corp. is an American bank holding company headquartered in Gulfport, Mississippi. It operates 237 branches in Mississippi, Alabama, Florida, Louisiana, and Texas. The bank is the official bank of the New Orleans Saints and issues the official debit card. The bank is also the official bank of LSU Athletics and the Louisiana Ragin' Cajuns, being the exclusive provider of credit cards for the LSU Tigers, as well as debit cards for both athletic brands.

Masimo Corporation is an American health technology and consumer electronics company headquartered in Irvine, California. The company develops patient monitoring devices, non-invasive sensors, and related software platforms used in hospital and home settings. Masimo has also operated in the consumer audio and wearable device markets.

HWC vs MASI — Head-to-Head

Bigger by revenue
MASI
MASI
1.3× larger
MASI
$371.5M
$295.0M
HWC
Growing faster (revenue YoY)
HWC
HWC
+6.7% gap
HWC
-19.7%
-26.4%
MASI
Higher net margin
HWC
HWC
43.1% more per $
HWC
16.1%
-27.0%
MASI
Faster 2-yr revenue CAGR
HWC
HWC
Annualised
HWC
-9.4%
-17.7%
MASI

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
HWC
HWC
MASI
MASI
Revenue
$295.0M
$371.5M
Net Profit
$47.4M
$-100.4M
Gross Margin
62.1%
Operating Margin
22.5%
Net Margin
16.1%
-27.0%
Revenue YoY
-19.7%
-26.4%
Net Profit YoY
-60.3%
-1124.5%
EPS (diluted)
$0.57
$-1.84

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
HWC
HWC
MASI
MASI
Q1 26
$295.0M
Q4 25
$389.3M
Q3 25
$385.7M
$371.5M
Q2 25
$375.5M
$370.9M
Q1 25
$364.7M
$372.0M
Q4 24
$364.8M
$600.7M
Q3 24
$367.7M
$504.6M
Q2 24
$359.6M
$496.3M
Net Profit
HWC
HWC
MASI
MASI
Q1 26
$47.4M
Q4 25
Q3 25
$127.5M
$-100.4M
Q2 25
$51.3M
Q1 25
$-170.7M
Q4 24
$-349.6M
Q3 24
$115.6M
$9.8M
Q2 24
$16.0M
Gross Margin
HWC
HWC
MASI
MASI
Q1 26
Q4 25
Q3 25
62.1%
Q2 25
62.9%
Q1 25
62.9%
Q4 24
40.7%
Q3 24
52.2%
Q2 24
51.3%
Operating Margin
HWC
HWC
MASI
MASI
Q1 26
Q4 25
40.7%
Q3 25
41.6%
22.5%
Q2 25
38.5%
17.4%
Q1 25
40.9%
21.0%
Q4 24
41.3%
-59.8%
Q3 24
39.5%
6.0%
Q2 24
40.3%
5.7%
Net Margin
HWC
HWC
MASI
MASI
Q1 26
16.1%
Q4 25
Q3 25
33.0%
-27.0%
Q2 25
13.8%
Q1 25
-45.9%
Q4 24
-58.2%
Q3 24
31.4%
1.9%
Q2 24
3.2%
EPS (diluted)
HWC
HWC
MASI
MASI
Q1 26
$0.57
Q4 25
$1.48
Q3 25
$1.49
$-1.84
Q2 25
$1.32
$0.94
Q1 25
$1.38
$-3.12
Q4 24
$1.40
$-6.54
Q3 24
$1.33
$0.18
Q2 24
$1.31
$0.29

Balance Sheet & Financial Strength

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

Metric
HWC
HWC
MASI
MASI
Cash + ST InvestmentsLiquidity on hand
$223.7M
$312.3M
Total DebtLower is stronger
$1.6B
$559.1M
Stockholders' EquityBook value
$810.0M
Total Assets
$35.5B
$1.8B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWC
HWC
MASI
MASI
Q1 26
$223.7M
Q4 25
Q3 25
$312.3M
Q2 25
$149.6M
Q1 25
$130.8M
Q4 24
$177.6M
Q3 24
$158.5M
Q2 24
$129.6M
Total Debt
HWC
HWC
MASI
MASI
Q1 26
$1.6B
Q4 25
$199.4M
Q3 25
$210.7M
$559.1M
Q2 25
$210.6M
$613.7M
Q1 25
$210.6M
$651.0M
Q4 24
$210.5M
$765.2M
Q3 24
$236.4M
$772.6M
Q2 24
$236.4M
$781.6M
Stockholders' Equity
HWC
HWC
MASI
MASI
Q1 26
Q4 25
$4.5B
Q3 25
$4.5B
$810.0M
Q2 25
$4.4B
$1.0B
Q1 25
$4.3B
$946.4M
Q4 24
$4.1B
$1.1B
Q3 24
$4.2B
$1.5B
Q2 24
$3.9B
$1.4B
Total Assets
HWC
HWC
MASI
MASI
Q1 26
$35.5B
Q4 25
$35.5B
Q3 25
$35.8B
$1.8B
Q2 25
$35.2B
$2.4B
Q1 25
$34.8B
$2.3B
Q4 24
$35.1B
$2.6B
Q3 24
$35.2B
$3.1B
Q2 24
$35.4B
$2.9B
Debt / Equity
HWC
HWC
MASI
MASI
Q1 26
Q4 25
0.04×
Q3 25
0.05×
0.69×
Q2 25
0.05×
0.59×
Q1 25
0.05×
0.69×
Q4 24
0.05×
0.73×
Q3 24
0.06×
0.53×
Q2 24
0.06×
0.57×

Cash Flow & Capital Efficiency

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

Metric
HWC
HWC
MASI
MASI
Operating Cash FlowLast quarter
$56.8M
Free Cash FlowOCF − Capex
$50.9M
FCF MarginFCF / Revenue
13.7%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$191.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWC
HWC
MASI
MASI
Q1 26
Q4 25
$541.8M
Q3 25
$158.8M
$56.8M
Q2 25
$125.8M
$69.4M
Q1 25
$104.2M
$31.1M
Q4 24
$625.7M
$50.5M
Q3 24
$162.5M
$25.6M
Q2 24
$105.0M
$74.5M
Free Cash Flow
HWC
HWC
MASI
MASI
Q1 26
Q4 25
$523.1M
Q3 25
$155.0M
$50.9M
Q2 25
$122.0M
$65.6M
Q1 25
$100.2M
$28.5M
Q4 24
$615.5M
$46.0M
Q3 24
$158.6M
$16.9M
Q2 24
$103.7M
$66.9M
FCF Margin
HWC
HWC
MASI
MASI
Q1 26
Q4 25
134.4%
Q3 25
40.2%
13.7%
Q2 25
32.5%
17.7%
Q1 25
27.5%
7.7%
Q4 24
168.7%
7.7%
Q3 24
43.1%
3.3%
Q2 24
28.8%
13.5%
Capex Intensity
HWC
HWC
MASI
MASI
Q1 26
Q4 25
4.8%
Q3 25
1.0%
1.6%
Q2 25
1.0%
1.0%
Q1 25
1.1%
0.7%
Q4 24
2.8%
0.7%
Q3 24
1.1%
1.7%
Q2 24
0.4%
1.5%
Cash Conversion
HWC
HWC
MASI
MASI
Q1 26
Q4 25
Q3 25
1.25×
Q2 25
1.35×
Q1 25
Q4 24
Q3 24
1.41×
2.61×
Q2 24
4.66×

Financial Flow Comparison

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

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