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Side-by-side financial comparison of Agilent Technologies (A) and HANOVER INSURANCE GROUP, INC. (THG). Click either name above to swap in a different company.

Agilent Technologies is the larger business by last-quarter revenue ($1.8B vs $1.7B, roughly 1.1× HANOVER INSURANCE GROUP, INC.). Agilent Technologies runs the higher net margin — 17.0% vs 11.9%, a 5.1% gap on every dollar of revenue. On growth, Agilent Technologies posted the faster year-over-year revenue change (7.0% vs 5.5%). HANOVER INSURANCE GROUP, INC. produced more free cash flow last quarter ($377.0M vs $175.0M). Over the past eight quarters, Agilent Technologies's revenue compounded faster (6.9% CAGR vs 3.8%).

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...

The Hanover Insurance Group, Inc. is an insurance company based in Worcester, Massachusetts. It was the original name of a property-liability insurance firm established in 1852, and it remained a publicly traded company under that name until the early 1990s, when it changed its name to Allmerica Property & Casualty Companies.

A vs THG — Head-to-Head

Bigger by revenue
A
A
1.1× larger
A
$1.8B
$1.7B
THG
Growing faster (revenue YoY)
A
A
+1.4% gap
A
7.0%
5.5%
THG
Higher net margin
A
A
5.1% more per $
A
17.0%
11.9%
THG
More free cash flow
THG
THG
$202.0M more FCF
THG
$377.0M
$175.0M
A
Faster 2-yr revenue CAGR
A
A
Annualised
A
6.9%
3.8%
THG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
A
A
THG
THG
Revenue
$1.8B
$1.7B
Net Profit
$305.0M
$198.5M
Gross Margin
52.6%
Operating Margin
19.6%
17.3%
Net Margin
17.0%
11.9%
Revenue YoY
7.0%
5.5%
Net Profit YoY
-4.1%
18.2%
EPS (diluted)
$1.07
$5.46

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
A
A
THG
THG
Q1 26
$1.8B
Q4 25
$1.9B
$1.7B
Q3 25
$1.7B
$1.7B
Q2 25
$1.7B
$1.7B
Q1 25
$1.7B
$1.6B
Q4 24
$1.7B
$1.6B
Q3 24
$1.6B
$1.6B
Q2 24
$1.6B
$1.5B
Net Profit
A
A
THG
THG
Q1 26
$305.0M
Q4 25
$434.0M
$198.5M
Q3 25
$336.0M
$178.7M
Q2 25
$215.0M
$157.1M
Q1 25
$318.0M
$128.2M
Q4 24
$351.0M
$167.9M
Q3 24
$282.0M
$102.1M
Q2 24
$308.0M
$40.5M
Gross Margin
A
A
THG
THG
Q1 26
52.6%
Q4 25
53.2%
Q3 25
51.1%
Q2 25
51.9%
Q1 25
53.5%
Q4 24
53.9%
Q3 24
54.2%
Q2 24
54.4%
Operating Margin
A
A
THG
THG
Q1 26
19.6%
Q4 25
23.8%
17.3%
Q3 25
20.7%
14.9%
Q2 25
18.0%
12.7%
Q1 25
22.4%
11.6%
Q4 24
24.0%
16.1%
Q3 24
21.1%
9.6%
Q2 24
23.1%
6.2%
Net Margin
A
A
THG
THG
Q1 26
17.0%
Q4 25
23.3%
11.9%
Q3 25
19.3%
10.7%
Q2 25
12.9%
9.5%
Q1 25
18.9%
8.0%
Q4 24
20.6%
10.6%
Q3 24
17.9%
6.5%
Q2 24
19.6%
2.6%
EPS (diluted)
A
A
THG
THG
Q1 26
$1.07
Q4 25
$1.53
$5.46
Q3 25
$1.18
$4.90
Q2 25
$0.75
$4.30
Q1 25
$1.11
$3.50
Q4 24
$1.23
$4.60
Q3 24
$0.97
$2.80
Q2 24
$1.05
$1.12

Balance Sheet & Financial Strength

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

Metric
A
A
THG
THG
Cash + ST InvestmentsLiquidity on hand
$1.8B
$1.1B
Total DebtLower is stronger
$3.0B
$843.3M
Stockholders' EquityBook value
$6.9B
$3.6B
Total Assets
$12.8B
$16.9B
Debt / EquityLower = less leverage
0.44×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
A
A
THG
THG
Q1 26
$1.8B
Q4 25
$1.8B
$1.1B
Q3 25
$1.5B
$915.7M
Q2 25
$1.5B
$244.1M
Q1 25
$1.5B
$315.1M
Q4 24
$1.3B
$435.5M
Q3 24
$1.8B
$427.1M
Q2 24
$1.7B
$337.6M
Total Debt
A
A
THG
THG
Q1 26
$3.0B
Q4 25
$3.0B
$843.3M
Q3 25
$3.4B
$843.0M
Q2 25
$3.3B
$347.8M
Q1 25
$3.3B
$722.5M
Q4 24
$3.3B
$722.3M
Q3 24
$2.1B
Q2 24
$2.1B
Stockholders' Equity
A
A
THG
THG
Q1 26
$6.9B
Q4 25
$6.7B
$3.6B
Q3 25
$6.4B
$3.4B
Q2 25
$6.1B
$3.2B
Q1 25
$6.0B
$3.0B
Q4 24
$5.9B
$2.8B
Q3 24
$5.9B
$2.9B
Q2 24
$6.2B
$2.6B
Total Assets
A
A
THG
THG
Q1 26
$12.8B
Q4 25
$12.7B
$16.9B
Q3 25
$12.2B
$16.8B
Q2 25
$12.2B
$15.7B
Q1 25
$11.9B
$15.5B
Q4 24
$11.8B
$15.3B
Q3 24
$11.0B
$15.4B
Q2 24
$10.9B
$14.9B
Debt / Equity
A
A
THG
THG
Q1 26
0.44×
Q4 25
0.45×
0.24×
Q3 25
0.53×
0.25×
Q2 25
0.55×
0.11×
Q1 25
0.56×
0.24×
Q4 24
0.57×
0.25×
Q3 24
0.36×
Q2 24
0.34×

Cash Flow & Capital Efficiency

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

Metric
A
A
THG
THG
Operating Cash FlowLast quarter
$268.0M
$378.2M
Free Cash FlowOCF − Capex
$175.0M
$377.0M
FCF MarginFCF / Revenue
9.7%
22.6%
Capex IntensityCapex / Revenue
5.2%
0.1%
Cash ConversionOCF / Net Profit
0.88×
1.91×
TTM Free Cash FlowTrailing 4 quarters
$993.0M
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
A
A
THG
THG
Q1 26
$268.0M
Q4 25
$545.0M
$378.2M
Q3 25
$362.0M
$554.4M
Q2 25
$221.0M
$206.6M
Q1 25
$431.0M
$38.9M
Q4 24
$481.0M
$213.5M
Q3 24
$452.0M
$394.7M
Q2 24
$333.0M
$139.5M
Free Cash Flow
A
A
THG
THG
Q1 26
$175.0M
Q4 25
$452.0M
$377.0M
Q3 25
$259.0M
$551.4M
Q2 25
$107.0M
$204.9M
Q1 25
$334.0M
$37.1M
Q4 24
$388.0M
$210.5M
Q3 24
$360.0M
$392.3M
Q2 24
$230.0M
$137.3M
FCF Margin
A
A
THG
THG
Q1 26
9.7%
Q4 25
24.3%
22.6%
Q3 25
14.9%
33.1%
Q2 25
6.4%
12.4%
Q1 25
19.9%
2.3%
Q4 24
22.8%
13.3%
Q3 24
22.8%
25.1%
Q2 24
14.6%
8.9%
Capex Intensity
A
A
THG
THG
Q1 26
5.2%
Q4 25
5.0%
0.1%
Q3 25
5.9%
0.2%
Q2 25
6.8%
0.1%
Q1 25
5.8%
0.1%
Q4 24
5.5%
0.2%
Q3 24
5.8%
0.2%
Q2 24
6.5%
0.1%
Cash Conversion
A
A
THG
THG
Q1 26
0.88×
Q4 25
1.26×
1.91×
Q3 25
1.08×
3.10×
Q2 25
1.03×
1.32×
Q1 25
1.36×
0.30×
Q4 24
1.37×
1.27×
Q3 24
1.60×
3.87×
Q2 24
1.08×
3.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

A
A

Service Other$525.0M29%
Chemicaland Energy Market$422.0M23%
Agilent Cross Lab$273.0M15%
Environmentaland Forensics Market$177.0M10%
Food Market$166.0M9%
Academiaand Government Market$130.0M7%
Applied Markets$98.0M5%

THG
THG

Personal Lines Segment$684.6M41%
Core Commercial Lines Segment$617.8M37%
Specialty Lines Segment$377.9M23%

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