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Side-by-side financial comparison of HANCOCK WHITNEY CORP (HWC) and Thryv Holdings, Inc. (THRY). Click either name above to swap in a different company.

HANCOCK WHITNEY CORP is the larger business by last-quarter revenue ($295.0M vs $191.6M, roughly 1.5× Thryv Holdings, Inc.). HANCOCK WHITNEY CORP runs the higher net margin — 16.1% vs -5.0%, a 21.1% gap on every dollar of revenue. On growth, Thryv Holdings, Inc. posted the faster year-over-year revenue change (2.7% vs -19.7%). Over the past eight quarters, HANCOCK WHITNEY CORP's revenue compounded faster (-9.4% 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.

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

HWC vs THRY — Head-to-Head

Bigger by revenue
HWC
HWC
1.5× larger
HWC
$295.0M
$191.6M
THRY
Growing faster (revenue YoY)
THRY
THRY
+22.4% gap
THRY
2.7%
-19.7%
HWC
Higher net margin
HWC
HWC
21.1% more per $
HWC
16.1%
-5.0%
THRY
Faster 2-yr revenue CAGR
HWC
HWC
Annualised
HWC
-9.4%
-9.4%
THRY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HWC
HWC
THRY
THRY
Revenue
$295.0M
$191.6M
Net Profit
$47.4M
$-9.7M
Gross Margin
68.0%
Operating Margin
5.3%
Net Margin
16.1%
-5.0%
Revenue YoY
-19.7%
2.7%
Net Profit YoY
-60.3%
-222.5%
EPS (diluted)
$0.57
$-0.21

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
THRY
THRY
Q1 26
$295.0M
Q4 25
$389.3M
$191.6M
Q3 25
$385.7M
$201.6M
Q2 25
$375.5M
$210.5M
Q1 25
$364.7M
$181.4M
Q4 24
$364.8M
$186.6M
Q3 24
$367.7M
$179.9M
Q2 24
$359.6M
$224.1M
Net Profit
HWC
HWC
THRY
THRY
Q1 26
$47.4M
Q4 25
$-9.7M
Q3 25
$127.5M
$5.7M
Q2 25
$13.9M
Q1 25
$-9.6M
Q4 24
$7.9M
Q3 24
$115.6M
$-96.1M
Q2 24
$5.5M
Gross Margin
HWC
HWC
THRY
THRY
Q1 26
Q4 25
68.0%
Q3 25
67.7%
Q2 25
69.7%
Q1 25
65.8%
Q4 24
65.9%
Q3 24
62.3%
Q2 24
66.3%
Operating Margin
HWC
HWC
THRY
THRY
Q1 26
Q4 25
40.7%
5.3%
Q3 25
41.6%
9.9%
Q2 25
38.5%
14.0%
Q1 25
40.9%
-1.7%
Q4 24
41.3%
-3.9%
Q3 24
39.5%
-49.2%
Q2 24
40.3%
14.0%
Net Margin
HWC
HWC
THRY
THRY
Q1 26
16.1%
Q4 25
-5.0%
Q3 25
33.0%
2.8%
Q2 25
6.6%
Q1 25
-5.3%
Q4 24
4.2%
Q3 24
31.4%
-53.4%
Q2 24
2.5%
EPS (diluted)
HWC
HWC
THRY
THRY
Q1 26
$0.57
Q4 25
$1.48
$-0.21
Q3 25
$1.49
$0.13
Q2 25
$1.32
$0.31
Q1 25
$1.38
$-0.22
Q4 24
$1.40
$0.28
Q3 24
$1.33
$-2.65
Q2 24
$1.31
$0.15

Balance Sheet & Financial Strength

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

Metric
HWC
HWC
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$223.7M
$10.8M
Total DebtLower is stronger
$1.6B
$253.5M
Stockholders' EquityBook value
$218.1M
Total Assets
$35.5B
$688.6M
Debt / EquityLower = less leverage
1.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWC
HWC
THRY
THRY
Q1 26
$223.7M
Q4 25
$10.8M
Q3 25
$11.6M
Q2 25
$10.8M
Q1 25
$11.0M
Q4 24
$16.3M
Q3 24
$12.5M
Q2 24
$15.5M
Total Debt
HWC
HWC
THRY
THRY
Q1 26
$1.6B
Q4 25
$199.4M
$253.5M
Q3 25
$210.7M
$268.2M
Q2 25
$210.6M
$275.6M
Q1 25
$210.6M
$299.0M
Q4 24
$210.5M
$284.3M
Q3 24
$236.4M
$307.8M
Q2 24
$236.4M
$342.1M
Stockholders' Equity
HWC
HWC
THRY
THRY
Q1 26
Q4 25
$4.5B
$218.1M
Q3 25
$4.5B
$221.1M
Q2 25
$4.4B
$214.9M
Q1 25
$4.3B
$193.2M
Q4 24
$4.1B
$196.9M
Q3 24
$4.2B
$94.5M
Q2 24
$3.9B
$183.1M
Total Assets
HWC
HWC
THRY
THRY
Q1 26
$35.5B
Q4 25
$35.5B
$688.6M
Q3 25
$35.8B
$701.8M
Q2 25
$35.2B
$687.7M
Q1 25
$34.8B
$703.7M
Q4 24
$35.1B
$712.2M
Q3 24
$35.2B
$654.8M
Q2 24
$35.4B
$785.5M
Debt / Equity
HWC
HWC
THRY
THRY
Q1 26
Q4 25
0.04×
1.16×
Q3 25
0.05×
1.21×
Q2 25
0.05×
1.28×
Q1 25
0.05×
1.55×
Q4 24
0.05×
1.44×
Q3 24
0.06×
3.26×
Q2 24
0.06×
1.87×

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
THRY
THRY
Operating Cash FlowLast quarter
$22.2M
Free Cash FlowOCF − Capex
$12.3M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$31.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWC
HWC
THRY
THRY
Q1 26
Q4 25
$541.8M
$22.2M
Q3 25
$158.8M
$22.2M
Q2 25
$125.8M
$29.6M
Q1 25
$104.2M
$-10.5M
Q4 24
$625.7M
$26.1M
Q3 24
$162.5M
$36.0M
Q2 24
$105.0M
$22.2M
Free Cash Flow
HWC
HWC
THRY
THRY
Q1 26
Q4 25
$523.1M
$12.3M
Q3 25
$155.0M
$14.6M
Q2 25
$122.0M
$21.8M
Q1 25
$100.2M
$-17.6M
Q4 24
$615.5M
$17.3M
Q3 24
$158.6M
$27.5M
Q2 24
$103.7M
$13.3M
FCF Margin
HWC
HWC
THRY
THRY
Q1 26
Q4 25
134.4%
6.4%
Q3 25
40.2%
7.2%
Q2 25
32.5%
10.4%
Q1 25
27.5%
-9.7%
Q4 24
168.7%
9.3%
Q3 24
43.1%
15.3%
Q2 24
28.8%
5.9%
Capex Intensity
HWC
HWC
THRY
THRY
Q1 26
Q4 25
4.8%
5.2%
Q3 25
1.0%
3.8%
Q2 25
1.0%
3.7%
Q1 25
1.1%
3.9%
Q4 24
2.8%
4.7%
Q3 24
1.1%
4.7%
Q2 24
0.4%
4.0%
Cash Conversion
HWC
HWC
THRY
THRY
Q1 26
Q4 25
Q3 25
1.25×
3.93×
Q2 25
2.12×
Q1 25
Q4 24
3.32×
Q3 24
1.41×
Q2 24
4.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HWC
HWC

Segment breakdown not available.

THRY
THRY

Software As A Service$119.0M62%
Print$56.2M29%
Digital$16.4M9%

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