Hancock Whitney Corporation (HWC) Key Metrics
HWC valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $5.86B
- Enterprise value
- $6.70B
- P/E (TTM)
- 14.3 10-yr median 10.7
- Forward P/E
- 10.1
- PEG ratio
- 1.76
- Price / sales
- 4.1 10-yr median 2.6
- Price / book
- 1.3 10-yr median 1.2
- EV / EBITDA
- — 10-yr median 5.9
- Dividend yield
- 2.74% $2.00 a year
- Beta
- 0.99
HWC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHWC valuation Price multiples at each fiscal year-end price.
HWC returns How much profit the business earns on the capital it uses.
HWC per-share figures Results divided by the shares outstanding at year-end.
HWC financial health Debt, liquidity and how easily interest is covered.
HWC efficiency & capital use Working capital cycle and where the cash goes.
HWC valuation history
HWC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HWC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HWC cash returned to shareholders
HWC price vs earnings per share
HWC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $5.37B | $4.74B | $4.20B | $4.23B | $4.43B | $2.94B | $3.80B | $2.96B | $4.29B | $3.44B |
| Enterprise value | $6.14B | −$967.0M | −$387.0M | $12.7M | −$4.76B | −$2.74B | $1.66B | $1.59B | $2.91B | $2.14B |
| P/E ratio | 11.0 | 10.3 | 10.7 | 8.1 | 9.6 | — | 11.6 | 9.2 | 19.9 | 23.0 |
| Price / sales | 2.7 | 2.3 | 2.2 | 2.9 | 3.3 | 2.1 | 2.6 | 2.3 | 3.7 | 3.5 |
| Price / book | 1.2 | 1.1 | 1.1 | 1.3 | 1.2 | 0.9 | 1.1 | 1.0 | 1.5 | 1.3 |
| Price / free cash flow | 10.3 | 7.7 | 8.9 | 5.2 | 7.9 | 9.3 | 12.3 | 7.4 | 11.0 | 10.6 |
| Price / operating cash flow | 9.9 | 7.6 | 8.5 | 5.0 | 7.6 | 8.3 | 10.8 | 6.6 | 10.4 | 10.1 |
| EV / sales | 3.0 | -0.5 | -0.2 | 0.0 | -3.5 | -2.0 | 1.2 | 1.2 | 2.5 | 2.2 |
| EV / EBITDA | 9.3 | — | — | 0.0 | — | — | 3.7 | 3.7 | 8.1 | 9.1 |
| EV / free cash flow | 11.7 | — | — | 0.0 | — | — | 5.4 | 4.0 | 7.4 | 6.6 |
| Earnings yield | 9.1% | 9.7% | 9.3% | 12.4% | 10.5% | −1.5% | 8.6% | 10.9% | 5.0% | 4.3% |
| Free cash flow yield | 9.7% | 13.0% | 11.2% | 19.2% | 12.7% | 10.8% | 8.1% | 13.4% | 9.1% | 9.4% |
| Dividend yield | 2.9% | 2.8% | 2.5% | 2.2% | 2.2% | 3.2% | 2.5% | 3.0% | 1.9% | 2.2% |
| Shareholder yield (dividends + buybacks) | 7.5% | 3.6% | 2.6% | 3.6% | 2.7% | 3.7% | 7.4% | 3.3% | 2.2% | 2.3% |
| Share price at fiscal year-end | $63.68 | $54.72 | $48.59 | $48.39 | $50.02 | $34.02 | $43.88 | $34.65 | $49.50 | $43.10 |
| Per share | ||||||||||
| Revenue per share | $23.95 | $23.65 | $21.86 | $16.78 | $15.19 | $15.98 | $16.65 | $15.07 | $13.41 | $12.29 |
| Earnings per share | $5.77 | $5.32 | $4.54 | $6.00 | $5.23 | −$0.52 | $3.78 | $3.79 | $2.49 | $1.87 |
| Operating cash flow per share | $6.43 | $7.22 | $5.73 | $9.64 | $6.61 | $4.10 | $4.06 | $5.25 | $4.75 | $4.27 |
| Free cash flow per share | $6.21 | $7.10 | $5.44 | $9.31 | $6.35 | $3.67 | $3.57 | $4.66 | $4.51 | $4.07 |
| Cash per share | $6.68 | $77.04 | $70.62 | $73.77 | $126.66 | $90.82 | $60.25 | $37.24 | $39.15 | $37.16 |
| Book value per share | $52.92 | $47.64 | $44.01 | $38.27 | $41.44 | $39.74 | $40.04 | $36.03 | $33.31 | $34.07 |
| Tangible book value per share | $41.15 | $37.36 | $33.60 | $27.83 | $30.99 | $28.85 | $28.93 | $25.66 | $23.66 | $25.19 |
| Dividends per share | $1.82 | $1.51 | $1.21 | $1.08 | $1.08 | $1.10 | $1.10 | $1.04 | $0.96 | $0.96 |
| Capex per share | $0.22 | $0.12 | $0.29 | $0.33 | $0.27 | $0.44 | $0.49 | $0.59 | $0.23 | $0.24 |
| Debt per share | $15.88 | $11.16 | $17.55 | $25.53 | $22.94 | $25.15 | $35.52 | $21.21 | $23.20 | $20.81 |
| Shares outstanding | 84.3M | 86.6M | 86.4M | 87.3M | 88.6M | 86.5M | 86.6M | 85.5M | 86.6M | 79.8M |
| Change in shares outstanding | −2.7% | +0.3% | −1.1% | −1.4% | +2.4% | −0.1% | +1.3% | −1.2% | +8.5% | −0.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.3% | 11.6% | 11.0% | 14.9% | 13.0% | −1.3% | 10.0% | 10.9% | 7.7% | 5.8% |
| Return on invested capital (ROIC) | 27.2% | — | — | — | — | — | 21.6% | 20.1% | 14.8% | 10.7% |
| Return on assets (ROA) | 1.4% | 1.3% | 1.1% | 1.5% | 1.3% | −0.1% | 1.1% | 1.2% | 0.8% | 0.6% |
| Return on tangible assets | 1.4% | 1.3% | 1.1% | 1.5% | 1.3% | −0.1% | 1.1% | 1.2% | 0.8% | 0.6% |
| Free cash flow margin | 25.9% | 30.0% | 24.9% | 55.5% | 41.8% | 23.0% | 21.4% | 30.9% | 33.7% | 33.1% |
| Income quality (OCF / net income) | 1.11 | 1.36 | 1.26 | 1.61 | 1.26 | — | 1.08 | 1.39 | 1.91 | 2.28 |
| Financial health | ||||||||||
| Total debt | $1.34B | $967.4M | $1.52B | $2.23B | $2.03B | $2.18B | $3.08B | $1.81B | $2.01B | $1.66B |
| Cash & short-term investments | $563.2M | $6.68B | $6.10B | $6.44B | $11.22B | $7.86B | $5.22B | $3.18B | $3.39B | $2.97B |
| Net debt | $775.0M | −$5.71B | −$4.59B | −$4.21B | −$9.19B | −$5.68B | −$2.14B | −$1.37B | −$1.38B | −$1.31B |
| Debt / equity | 0.30 | 0.23 | 0.40 | 0.67 | 0.55 | 0.63 | 0.89 | 0.59 | 0.70 | 0.61 |
| Debt / assets | 0.04 | 0.03 | 0.04 | 0.06 | 0.06 | 0.06 | 0.10 | 0.06 | 0.07 | 0.07 |
| Net debt / EBITDA | 1.17 | −9.27 | −8.55 | −5.98 | −14.97 | — | −4.82 | −3.18 | −3.85 | −5.55 |
| Current ratio | 0.13 | 0.23 | 0.21 | 0.21 | 0.36 | 0.28 | 0.20 | 0.13 | 0.15 | 0.15 |
| Quick ratio | 0.13 | 0.23 | 0.39 | 0.25 | 0.49 | 0.34 | 0.23 | 0.13 | 0.14 | 0.15 |
| Interest coverage | 1.2 | 0.9 | 0.9 | 7.6 | 11.6 | -1.1 | 1.7 | 2.1 | 2.8 | 2.6 |
| Working capital | −$885.0M | −$23.27B | −$24.53B | −$24.34B | −$20.65B | −$21.26B | −$21.15B | −$21.44B | −$20.47B | −$17.59B |
| Invested capital | $5.24B | −$1.58B | −$782.6M | −$871.4M | −$5.52B | −$2.24B | $1.33B | $1.71B | $1.50B | $1.41B |
| Tangible asset value | $3.47B | $3.24B | $2.90B | $2.43B | $2.74B | $2.50B | $2.51B | $2.19B | $2.05B | $2.01B |
| Net current asset value | −$30.88B | −$24.07B | −$25.41B | −$25.23B | −$21.38B | −$22.09B | −$21.75B | −$21.85B | −$20.95B | −$18.19B |
| Graham number | $82.87 | $75.50 | $67.07 | $71.88 | $69.83 | — | $58.36 | $55.40 | $43.20 | $37.86 |
| Graham net-net per share | −$360.07 | −$278.79 | −$327.78 | −$295.64 | −$267.18 | −$268.06 | −$256.08 | −$255.98 | −$242.33 | −$228.19 |
| Capital allocation | ||||||||||
| Dividends paid | $153.8M | $130.8M | $104.7M | $94.5M | $95.9M | $95.6M | $94.9M | $88.8M | $83.3M | $76.6M |
| Share buybacks (net) | $246.9M | $37.7M | $5.7M | $58.9M | $21.8M | $12.7M | $185.0M | $8.3M | $11.9M | $3.2M |
| Dividend payout ratio | 31.6% | 28.4% | 26.7% | 18.0% | 20.7% | — | 29.0% | 27.4% | 38.6% | 51.3% |
| Dividends + buybacks / free cash flow | 76.6% | 27.4% | 23.5% | 18.9% | 20.9% | 34.1% | 90.5% | 24.4% | 24.3% | 24.6% |
| Capex / revenue | 0.9% | 0.5% | 1.3% | 2.0% | 1.8% | 2.7% | 3.0% | 3.9% | 1.7% | 2.0% |
| Capex / operating cash flow | 3.5% | 1.6% | 5.1% | 3.5% | 4.0% | 10.7% | 12.1% | 11.3% | 4.9% | 5.7% |
| Capex / depreciation | 0.50 | 0.25 | 0.54 | 0.64 | 0.51 | 0.76 | 0.83 | 1.04 | 0.40 | 0.40 |
| Stock-based compensation / revenue | 1.2% | 1.1% | 1.3% | 1.6% | 1.7% | 1.5% | 1.4% | 1.5% | 1.5% | 1.5% |
| SG&A / revenue | 23.2% | 23.9% | 27.0% | 31.4% | 35.9% | 34.1% | 38.3% | 40.0% | 42.7% | 45.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 27.2 | 33.6 | 36.9 | 48.8 | 58.4 | 43.4 | 26.6 | 23.9 | 25.8 | 30.9 |
| Days of inventory on hand | — | — | -2,112.1 | -17,057.1 | 41,022.0 | -692.1 | -445.3 | 45.6 | 50.7 | 45.8 |
| Days payables outstanding | 11.6 | 17.9 | 17.2 | 40.6 | -47.5 | 3.7 | 14.7 | 17.7 | 19.9 | 16.1 |
| Cash conversion cycle (days) | 15.6 | 15.7 | -2,092.5 | -17,048.8 | 41,127.9 | -652.4 | -433.5 | 51.7 | 56.6 | 60.6 |
| Receivables turnover | 13.41 | 10.86 | 9.90 | 7.48 | 6.25 | 8.41 | 13.74 | 15.26 | 14.13 | 11.82 |
| Payables turnover | 31.41 | 20.36 | 21.19 | 9.00 | −7.68 | 98.98 | 24.77 | 20.58 | 18.32 | 22.70 |
| Inventory turnover | — | — | — | — | — | — | — | 8.01 | 7.20 | 7.97 |
| Asset turnover | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 |
| Average receivables | $150.5M | $188.7M | $190.9M | $196.0M | $215.3M | $164.4M | $105.0M | $84.4M | $82.1M | $83.0M |
| Average payables | $17.3M | $32.6M | $27.5M | $6.5M | $3.7M | $7.3M | $11.2M | $10.5M | $9.1M | $8.1M |
| Average inventory | — | — | −$3.37B | −$2.74B | −$3.20B | −$1.36B | −$339.5M | $26.9M | $23.2M | $23.0M |
| Intangibles / total assets | 2.8% | 2.5% | 2.5% | 2.6% | 2.5% | 2.8% | 3.1% | 3.1% | 3.1% | 3.0% |
Computed from HWC's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HWC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Hancock Whitney traded at 11.0 times earnings, against a 10-year median of 10.7. Based on the latest twelve months, the trailing P/E is 14.3 and the forward P/E is 10.1. Hancock Whitney earned a return on equity of 11.3% and a return on invested capital of 27.2% in fiscal 2025. It ended the year with $1.3 billion of debt and $563.2 million in cash and short-term investments, net debt of $775.0 million. It returned $400.7 million to shareholders: $153.8 million in dividends and $246.9 million in share buybacks, 77% of free cash flow. The share count rose 5.6% from 79.8M to 84.3M over 9 years.
See the HWC income statement, the HWC chart for price history, or the HWC stock overview for the latest quote and news.
HWC key metrics FAQ
What is Hancock Whitney's P/E ratio?
Hancock Whitney's trailing P/E ratio is 14.3 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 10.1. At the end of fiscal 2025 it was 11.0, compared with a 10-year median of 10.7.
What is Hancock Whitney's EV/EBITDA?
Hancock Whitney's enterprise value was 9.3 times EBITDA at the end of fiscal 2025 (enterprise value $6.1 billion, EBITDA $662.8 million).
What is Hancock Whitney's return on equity?
Hancock Whitney's return on equity (ROE) was 11.3% in fiscal 2025: net income of $486.1 million on average shareholders' equity of $4.3 billion.
What is Hancock Whitney's ROIC?
Hancock Whitney's return on invested capital was 27.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Hancock Whitney have?
Hancock Whitney had total debt of $1.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.30 and $775.0 million of net debt (1.17 times EBITDA).
What is Hancock Whitney's dividend yield?
Hancock Whitney's forward dividend yield is 2.74%. Hancock Whitney paid $153.8 million in dividends in fiscal 2025 ($1.82 per share), a payout ratio of 31.6%.
Does Hancock Whitney buy back its shares?
Yes. Hancock Whitney spent $246.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.7% over the year, to 84.3M..
What is Hancock Whitney's free cash flow yield?
Hancock Whitney generated $523.1 million of free cash flow in fiscal 2025, a free cash flow yield of 9.7% on its market value at year-end ($5.4 billion).
What is Hancock Whitney's current ratio?
Hancock Whitney's current ratio was 0.13 at the end of fiscal 2025: current assets were 0.13 times current liabilities.