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

HANCOCK WHITNEY CORP is the larger business by last-quarter revenue ($295.0M vs $171.9M, roughly 1.7× MILLER INDUSTRIES INC). On growth, HANCOCK WHITNEY CORP posted the faster year-over-year revenue change (-19.7% vs -22.5%). Over the past eight quarters, HANCOCK WHITNEY CORP's revenue compounded faster (-9.4% CAGR vs -29.9%).

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.

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...

HWC vs MLR — Head-to-Head

Bigger by revenue
HWC
HWC
1.7× larger
HWC
$295.0M
$171.9M
MLR
Growing faster (revenue YoY)
HWC
HWC
+2.8% gap
HWC
-19.7%
-22.5%
MLR
Faster 2-yr revenue CAGR
HWC
HWC
Annualised
HWC
-9.4%
-29.9%
MLR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HWC
HWC
MLR
MLR
Revenue
$295.0M
$171.9M
Net Profit
$47.4M
Gross Margin
15.4%
Operating Margin
2.9%
Net Margin
16.1%
Revenue YoY
-19.7%
-22.5%
Net Profit YoY
-60.3%
EPS (diluted)
$0.57
$0.29

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
MLR
MLR
Q1 26
$295.0M
Q4 25
$389.3M
$171.9M
Q3 25
$385.7M
$178.7M
Q2 25
$375.5M
$214.0M
Q1 25
$364.7M
$225.7M
Q4 24
$364.8M
$221.9M
Q3 24
$367.7M
$314.3M
Q2 24
$359.6M
$371.5M
Net Profit
HWC
HWC
MLR
MLR
Q1 26
$47.4M
Q4 25
Q3 25
$127.5M
$3.1M
Q2 25
$8.5M
Q1 25
$8.1M
Q4 24
Q3 24
$115.6M
$15.4M
Q2 24
$20.5M
Gross Margin
HWC
HWC
MLR
MLR
Q1 26
Q4 25
15.4%
Q3 25
14.2%
Q2 25
16.2%
Q1 25
15.0%
Q4 24
15.1%
Q3 24
13.4%
Q2 24
13.8%
Operating Margin
HWC
HWC
MLR
MLR
Q1 26
Q4 25
40.7%
2.9%
Q3 25
41.6%
2.4%
Q2 25
38.5%
5.3%
Q1 25
40.9%
4.8%
Q4 24
41.3%
5.7%
Q3 24
39.5%
6.3%
Q2 24
40.3%
7.1%
Net Margin
HWC
HWC
MLR
MLR
Q1 26
16.1%
Q4 25
Q3 25
33.0%
1.7%
Q2 25
4.0%
Q1 25
3.6%
Q4 24
Q3 24
31.4%
4.9%
Q2 24
5.5%
EPS (diluted)
HWC
HWC
MLR
MLR
Q1 26
$0.57
Q4 25
$1.48
$0.29
Q3 25
$1.49
$0.27
Q2 25
$1.32
$0.73
Q1 25
$1.38
$0.69
Q4 24
$1.40
$0.89
Q3 24
$1.33
$1.33
Q2 24
$1.31
$1.78

Balance Sheet & Financial Strength

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

Metric
HWC
HWC
MLR
MLR
Cash + ST InvestmentsLiquidity on hand
$223.7M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$420.6M
Total Assets
$35.5B
$589.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWC
HWC
MLR
MLR
Q1 26
$223.7M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
HWC
HWC
MLR
MLR
Q1 26
$1.6B
Q4 25
$199.4M
Q3 25
$210.7M
Q2 25
$210.6M
Q1 25
$210.6M
Q4 24
$210.5M
Q3 24
$236.4M
Q2 24
$236.4M
Stockholders' Equity
HWC
HWC
MLR
MLR
Q1 26
Q4 25
$4.5B
$420.6M
Q3 25
$4.5B
$420.7M
Q2 25
$4.4B
$418.6M
Q1 25
$4.3B
$406.5M
Q4 24
$4.1B
$401.0M
Q3 24
$4.2B
$395.2M
Q2 24
$3.9B
$379.9M
Total Assets
HWC
HWC
MLR
MLR
Q1 26
$35.5B
Q4 25
$35.5B
$589.7M
Q3 25
$35.8B
$604.3M
Q2 25
$35.2B
$622.9M
Q1 25
$34.8B
$639.7M
Q4 24
$35.1B
$667.0M
Q3 24
$35.2B
$755.3M
Q2 24
$35.4B
$748.2M
Debt / Equity
HWC
HWC
MLR
MLR
Q1 26
Q4 25
0.04×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.06×
Q2 24
0.06×

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
MLR
MLR
Operating Cash FlowLast quarter
$48.9M
Free Cash FlowOCF − Capex
$43.8M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$85.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWC
HWC
MLR
MLR
Q1 26
Q4 25
$541.8M
$48.9M
Q3 25
$158.8M
$19.9M
Q2 25
$125.8M
$27.2M
Q1 25
$104.2M
$2.7M
Q4 24
$625.7M
$-11.7M
Q3 24
$162.5M
$30.3M
Q2 24
$105.0M
$-10.7M
Free Cash Flow
HWC
HWC
MLR
MLR
Q1 26
Q4 25
$523.1M
$43.8M
Q3 25
$155.0M
$18.1M
Q2 25
$122.0M
$25.6M
Q1 25
$100.2M
$-2.4M
Q4 24
$615.5M
$-13.0M
Q3 24
$158.6M
$24.0M
Q2 24
$103.7M
$-13.8M
FCF Margin
HWC
HWC
MLR
MLR
Q1 26
Q4 25
134.4%
25.5%
Q3 25
40.2%
10.1%
Q2 25
32.5%
11.9%
Q1 25
27.5%
-1.1%
Q4 24
168.7%
-5.9%
Q3 24
43.1%
7.6%
Q2 24
28.8%
-3.7%
Capex Intensity
HWC
HWC
MLR
MLR
Q1 26
Q4 25
4.8%
3.0%
Q3 25
1.0%
1.0%
Q2 25
1.0%
0.8%
Q1 25
1.1%
2.3%
Q4 24
2.8%
0.6%
Q3 24
1.1%
2.0%
Q2 24
0.4%
0.8%
Cash Conversion
HWC
HWC
MLR
MLR
Q1 26
Q4 25
Q3 25
1.25×
6.46×
Q2 25
3.22×
Q1 25
0.34×
Q4 24
Q3 24
1.41×
1.96×
Q2 24
-0.52×

Financial Flow Comparison

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

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