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Side-by-side financial comparison of Allegion (ALLE) and HANOVER INSURANCE GROUP, INC. (THG). Click either name above to swap in a different company.
HANOVER INSURANCE GROUP, INC. is the larger business by last-quarter revenue ($1.7B vs $1.0B, roughly 1.6× Allegion). Allegion runs the higher net margin — 13.4% vs 11.9%, a 1.5% gap on every dollar of revenue. On growth, Allegion posted the faster year-over-year revenue change (9.7% vs 5.5%). Over the past eight quarters, HANOVER INSURANCE GROUP, INC.'s revenue compounded faster (3.8% CAGR vs 3.5%).
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facili...
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.
ALLE vs THG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.7B |
| Net Profit | $138.1M | $198.5M |
| Gross Margin | 44.0% | — |
| Operating Margin | 18.9% | 17.3% |
| Net Margin | 13.4% | 11.9% |
| Revenue YoY | 9.7% | 5.5% |
| Net Profit YoY | -6.8% | 18.2% |
| EPS (diluted) | — | $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.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $941.9M | $1.6B | ||
| Q4 24 | $945.6M | $1.6B | ||
| Q3 24 | $967.1M | $1.6B | ||
| Q2 24 | $965.6M | $1.5B |
| Q1 26 | $138.1M | — | ||
| Q4 25 | $147.5M | $198.5M | ||
| Q3 25 | $188.4M | $178.7M | ||
| Q2 25 | $159.7M | $157.1M | ||
| Q1 25 | $148.2M | $128.2M | ||
| Q4 24 | $144.1M | $167.9M | ||
| Q3 24 | $174.2M | $102.1M | ||
| Q2 24 | $155.4M | $40.5M |
| Q1 26 | 44.0% | — | ||
| Q4 25 | 44.5% | — | ||
| Q3 25 | 45.8% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 44.9% | — | ||
| Q4 24 | 44.1% | — | ||
| Q3 24 | 44.7% | — | ||
| Q2 24 | 44.4% | — |
| Q1 26 | 18.9% | — | ||
| Q4 25 | 20.3% | 17.3% | ||
| Q3 25 | 21.8% | 14.9% | ||
| Q2 25 | 21.5% | 12.7% | ||
| Q1 25 | 20.9% | 11.6% | ||
| Q4 24 | 19.5% | 16.1% | ||
| Q3 24 | 22.2% | 9.6% | ||
| Q2 24 | 21.6% | 6.2% |
| Q1 26 | 13.4% | — | ||
| Q4 25 | 14.3% | 11.9% | ||
| Q3 25 | 17.6% | 10.7% | ||
| Q2 25 | 15.6% | 9.5% | ||
| Q1 25 | 15.7% | 8.0% | ||
| Q4 24 | 15.2% | 10.6% | ||
| Q3 24 | 18.0% | 6.5% | ||
| Q2 24 | 16.1% | 2.6% |
| Q1 26 | — | — | ||
| Q4 25 | $1.70 | $5.46 | ||
| Q3 25 | $2.18 | $4.90 | ||
| Q2 25 | $1.85 | $4.30 | ||
| Q1 25 | $1.71 | $3.50 | ||
| Q4 24 | $1.65 | $4.60 | ||
| Q3 24 | $1.99 | $2.80 | ||
| Q2 24 | $1.77 | $1.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $308.9M | $1.1B |
| Total DebtLower is stronger | $2.0B | $843.3M |
| Stockholders' EquityBook value | $2.1B | $3.6B |
| Total Assets | $5.3B | $16.9B |
| Debt / EquityLower = less leverage | 0.97× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $308.9M | — | ||
| Q4 25 | $356.2M | $1.1B | ||
| Q3 25 | $302.7M | $915.7M | ||
| Q2 25 | $656.8M | $244.1M | ||
| Q1 25 | $494.5M | $315.1M | ||
| Q4 24 | $503.8M | $435.5M | ||
| Q3 24 | $878.9M | $427.1M | ||
| Q2 24 | $747.5M | $337.6M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $843.3M | ||
| Q3 25 | $2.1B | $843.0M | ||
| Q2 25 | $2.1B | $347.8M | ||
| Q1 25 | $2.0B | $722.5M | ||
| Q4 24 | $2.0B | $722.3M | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $3.6B | ||
| Q3 25 | $1.9B | $3.4B | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $1.6B | $3.0B | ||
| Q4 24 | $1.5B | $2.8B | ||
| Q3 24 | $1.6B | $2.9B | ||
| Q2 24 | $1.4B | $2.6B |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.2B | $16.9B | ||
| Q3 25 | $5.2B | $16.8B | ||
| Q2 25 | $4.9B | $15.7B | ||
| Q1 25 | $4.6B | $15.5B | ||
| Q4 24 | $4.5B | $15.3B | ||
| Q3 24 | $5.0B | $15.4B | ||
| Q2 24 | $4.8B | $14.9B |
| Q1 26 | 0.97× | — | ||
| Q4 25 | 0.96× | 0.24× | ||
| Q3 25 | 1.07× | 0.25× | ||
| Q2 25 | 1.16× | 0.11× | ||
| Q1 25 | 1.24× | 0.24× | ||
| Q4 24 | 1.33× | 0.25× | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.69× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $101.3M | $378.2M |
| Free Cash FlowOCF − Capex | — | $377.0M |
| FCF MarginFCF / Revenue | — | 22.6% |
| Capex IntensityCapex / Revenue | 2.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.73× | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $101.3M | — | ||
| Q4 25 | $240.1M | $378.2M | ||
| Q3 25 | $229.5M | $554.4M | ||
| Q2 25 | $209.7M | $206.6M | ||
| Q1 25 | $104.5M | $38.9M | ||
| Q4 24 | $219.0M | $213.5M | ||
| Q3 24 | $231.9M | $394.7M | ||
| Q2 24 | $173.0M | $139.5M |
| Q1 26 | — | — | ||
| Q4 25 | $200.5M | $377.0M | ||
| Q3 25 | $209.8M | $551.4M | ||
| Q2 25 | $192.0M | $204.9M | ||
| Q1 25 | $83.4M | $37.1M | ||
| Q4 24 | $194.9M | $210.5M | ||
| Q3 24 | $212.0M | $392.3M | ||
| Q2 24 | $152.1M | $137.3M |
| Q1 26 | — | — | ||
| Q4 25 | 19.4% | 22.6% | ||
| Q3 25 | 19.6% | 33.1% | ||
| Q2 25 | 18.8% | 12.4% | ||
| Q1 25 | 8.9% | 2.3% | ||
| Q4 24 | 20.6% | 13.3% | ||
| Q3 24 | 21.9% | 25.1% | ||
| Q2 24 | 15.8% | 8.9% |
| Q1 26 | 2.0% | — | ||
| Q4 25 | 3.8% | 0.1% | ||
| Q3 25 | 1.8% | 0.2% | ||
| Q2 25 | 1.7% | 0.1% | ||
| Q1 25 | 2.2% | 0.1% | ||
| Q4 24 | 2.5% | 0.2% | ||
| Q3 24 | 2.1% | 0.2% | ||
| Q2 24 | 2.2% | 0.1% |
| Q1 26 | 0.73× | — | ||
| Q4 25 | 1.63× | 1.91× | ||
| Q3 25 | 1.22× | 3.10× | ||
| Q2 25 | 1.31× | 1.32× | ||
| Q1 25 | 0.71× | 0.30× | ||
| Q4 24 | 1.52× | 1.27× | ||
| Q3 24 | 1.33× | 3.87× | ||
| Q2 24 | 1.11× | 3.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALLE
| Allegion Americas | $809.9M | 78% |
| Allegion International | $223.7M | 22% |
THG
| Personal Lines Segment | $684.6M | 41% |
| Core Commercial Lines Segment | $617.8M | 37% |
| Specialty Lines Segment | $377.9M | 23% |
