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

HANCOCK WHITNEY CORP is the larger business by last-quarter revenue ($295.0M vs $267.0M, roughly 1.1× SEMTECH CORP). HANCOCK WHITNEY CORP runs the higher net margin — 16.1% vs -1.1%, a 17.1% gap on every dollar of revenue. On growth, SEMTECH CORP posted the faster year-over-year revenue change (12.7% vs -19.7%). Over the past eight quarters, SEMTECH CORP's revenue compounded faster (17.6% CAGR vs -9.4%).

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.

Semtech Corporation is an American supplier of analog and mixed-signal semiconductors and advanced algorithms for consumer, enterprise computing, communications and industrial end-markets. It is based in Camarillo, Ventura County, Southern California. It was founded in 1960 in Newbury Park, California. It has 32 locations in 15 countries in North America, Europe, and Asia.

HWC vs SMTC — Head-to-Head

Bigger by revenue
HWC
HWC
1.1× larger
HWC
$295.0M
$267.0M
SMTC
Growing faster (revenue YoY)
SMTC
SMTC
+32.4% gap
SMTC
12.7%
-19.7%
HWC
Higher net margin
HWC
HWC
17.1% more per $
HWC
16.1%
-1.1%
SMTC
Faster 2-yr revenue CAGR
SMTC
SMTC
Annualised
SMTC
17.6%
-9.4%
HWC

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
HWC
HWC
SMTC
SMTC
Revenue
$295.0M
$267.0M
Net Profit
$47.4M
$-2.9M
Gross Margin
51.9%
Operating Margin
11.6%
Net Margin
16.1%
-1.1%
Revenue YoY
-19.7%
12.7%
Net Profit YoY
-60.3%
62.3%
EPS (diluted)
$0.57
$-0.03

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
SMTC
SMTC
Q1 26
$295.0M
Q4 25
$389.3M
$267.0M
Q3 25
$385.7M
$257.6M
Q2 25
$375.5M
$251.1M
Q1 25
$364.7M
$251.0M
Q4 24
$364.8M
$236.8M
Q3 24
$367.7M
$215.4M
Q2 24
$359.6M
$206.1M
Net Profit
HWC
HWC
SMTC
SMTC
Q1 26
$47.4M
Q4 25
$-2.9M
Q3 25
$127.5M
$-27.1M
Q2 25
$19.3M
Q1 25
$39.1M
Q4 24
$-7.6M
Q3 24
$115.6M
$-170.3M
Q2 24
$-23.2M
Gross Margin
HWC
HWC
SMTC
SMTC
Q1 26
Q4 25
51.9%
Q3 25
52.1%
Q2 25
52.3%
Q1 25
52.0%
Q4 24
51.1%
Q3 24
49.0%
Q2 24
48.3%
Operating Margin
HWC
HWC
SMTC
SMTC
Q1 26
Q4 25
40.7%
11.6%
Q3 25
41.6%
-6.3%
Q2 25
38.5%
14.3%
Q1 25
40.9%
8.5%
Q4 24
41.3%
7.5%
Q3 24
39.5%
3.6%
Q2 24
40.3%
1.5%
Net Margin
HWC
HWC
SMTC
SMTC
Q1 26
16.1%
Q4 25
-1.1%
Q3 25
33.0%
-10.5%
Q2 25
7.7%
Q1 25
15.6%
Q4 24
-3.2%
Q3 24
31.4%
-79.1%
Q2 24
-11.2%
EPS (diluted)
HWC
HWC
SMTC
SMTC
Q1 26
$0.57
Q4 25
$1.48
$-0.03
Q3 25
$1.49
$-0.31
Q2 25
$1.32
$0.22
Q1 25
$1.38
$0.81
Q4 24
$1.40
$-0.10
Q3 24
$1.33
$-2.61
Q2 24
$1.31
$-0.36

Balance Sheet & Financial Strength

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

Metric
HWC
HWC
SMTC
SMTC
Cash + ST InvestmentsLiquidity on hand
$223.7M
$164.7M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$565.7M
Total Assets
$35.5B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWC
HWC
SMTC
SMTC
Q1 26
$223.7M
Q4 25
$164.7M
Q3 25
$168.6M
Q2 25
$156.5M
Q1 25
$151.7M
Q4 24
$136.5M
Q3 24
$115.9M
Q2 24
$126.8M
Total Debt
HWC
HWC
SMTC
SMTC
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
SMTC
SMTC
Q1 26
Q4 25
$4.5B
$565.7M
Q3 25
$4.5B
$552.9M
Q2 25
$4.4B
$568.8M
Q1 25
$4.3B
$542.4M
Q4 24
$4.1B
$-139.7M
Q3 24
$4.2B
$-141.4M
Q2 24
$3.9B
$-313.1M
Total Assets
HWC
HWC
SMTC
SMTC
Q1 26
$35.5B
Q4 25
$35.5B
$1.4B
Q3 25
$35.8B
$1.4B
Q2 25
$35.2B
$1.4B
Q1 25
$34.8B
$1.4B
Q4 24
$35.1B
$1.4B
Q3 24
$35.2B
$1.4B
Q2 24
$35.4B
$1.4B
Debt / Equity
HWC
HWC
SMTC
SMTC
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
SMTC
SMTC
Operating Cash FlowLast quarter
$47.5M
Free Cash FlowOCF − Capex
$44.6M
FCF MarginFCF / Revenue
16.7%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$143.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWC
HWC
SMTC
SMTC
Q1 26
Q4 25
$541.8M
$47.5M
Q3 25
$158.8M
$44.4M
Q2 25
$125.8M
$27.8M
Q1 25
$104.2M
$33.5M
Q4 24
$625.7M
$29.6M
Q3 24
$162.5M
$-5.0M
Q2 24
$105.0M
$-89.0K
Free Cash Flow
HWC
HWC
SMTC
SMTC
Q1 26
Q4 25
$523.1M
$44.6M
Q3 25
$155.0M
$41.5M
Q2 25
$122.0M
$26.2M
Q1 25
$100.2M
$30.9M
Q4 24
$615.5M
$29.1M
Q3 24
$158.6M
$-8.4M
Q2 24
$103.7M
$-1.4M
FCF Margin
HWC
HWC
SMTC
SMTC
Q1 26
Q4 25
134.4%
16.7%
Q3 25
40.2%
16.1%
Q2 25
32.5%
10.4%
Q1 25
27.5%
12.3%
Q4 24
168.7%
12.3%
Q3 24
43.1%
-3.9%
Q2 24
28.8%
-0.7%
Capex Intensity
HWC
HWC
SMTC
SMTC
Q1 26
Q4 25
4.8%
1.1%
Q3 25
1.0%
1.1%
Q2 25
1.0%
0.7%
Q1 25
1.1%
1.0%
Q4 24
2.8%
0.2%
Q3 24
1.1%
1.6%
Q2 24
0.4%
0.6%
Cash Conversion
HWC
HWC
SMTC
SMTC
Q1 26
Q4 25
Q3 25
1.25×
Q2 25
1.44×
Q1 25
0.86×
Q4 24
Q3 24
1.41×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HWC
HWC

Segment breakdown not available.

SMTC
SMTC

Products$239.5M90%
Services$27.4M10%

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