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Side-by-side financial comparison of ACUITY INC. (DE) (AYI) 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 $1.1B, roughly 1.5× ACUITY INC. (DE)). HANOVER INSURANCE GROUP, INC. runs the higher net margin — 11.0% vs 10.5%, a 0.4% gap on every dollar of revenue. On growth, ACUITY INC. (DE) posted the faster year-over-year revenue change (20.2% vs 6.1%). Over the past eight quarters, ACUITY INC. (DE)'s revenue compounded faster (12.4% CAGR vs 5.2%).

Squarespace, Inc. is an American website building and hosting company based in New York City. It provides software as a service for website building and hosting, and allows users to use pre-built website templates and drag-and-drop elements to create and modify webpages.

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.

AYI vs THG — Head-to-Head

Bigger by revenue
THG
THG
1.5× larger
THG
$1.7B
$1.1B
AYI
Growing faster (revenue YoY)
AYI
AYI
+14.1% gap
AYI
20.2%
6.1%
THG
Higher net margin
THG
THG
0.4% more per $
THG
11.0%
10.5%
AYI
Faster 2-yr revenue CAGR
AYI
AYI
Annualised
AYI
12.4%
5.2%
THG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AYI
AYI
THG
THG
Revenue
$1.1B
$1.7B
Net Profit
$120.5M
$186.8M
Gross Margin
48.4%
Operating Margin
14.0%
11.1%
Net Margin
10.5%
11.0%
Revenue YoY
20.2%
6.1%
Net Profit YoY
12.9%
45.7%
EPS (diluted)
$3.82

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
AYI
AYI
THG
THG
Q1 26
$1.7B
Q4 25
$1.1B
$1.7B
Q3 25
$1.2B
$1.7B
Q2 25
$1.2B
$1.7B
Q1 25
$1.0B
$1.6B
Q4 24
$951.6M
$1.6B
Q3 24
$1.0B
$1.6B
Q2 24
$968.1M
$1.5B
Net Profit
AYI
AYI
THG
THG
Q1 26
$186.8M
Q4 25
$120.5M
$198.5M
Q3 25
$114.0M
$178.7M
Q2 25
$98.4M
$157.1M
Q1 25
$77.5M
$128.2M
Q4 24
$106.7M
$167.9M
Q3 24
$118.9M
$102.1M
Q2 24
$113.9M
$40.5M
Gross Margin
AYI
AYI
THG
THG
Q1 26
Q4 25
48.4%
Q3 25
48.9%
Q2 25
48.4%
Q1 25
46.5%
Q4 24
47.2%
Q3 24
47.3%
Q2 24
46.7%
Operating Margin
AYI
AYI
THG
THG
Q1 26
11.1%
Q4 25
14.0%
17.3%
Q3 25
14.9%
14.9%
Q2 25
11.9%
12.7%
Q1 25
11.0%
11.6%
Q4 24
14.0%
16.1%
Q3 24
15.2%
9.6%
Q2 24
15.0%
6.2%
Net Margin
AYI
AYI
THG
THG
Q1 26
11.0%
Q4 25
10.5%
11.9%
Q3 25
9.4%
10.7%
Q2 25
8.3%
9.5%
Q1 25
7.7%
8.0%
Q4 24
11.2%
10.6%
Q3 24
11.5%
6.5%
Q2 24
11.8%
2.6%
EPS (diluted)
AYI
AYI
THG
THG
Q1 26
Q4 25
$3.82
$5.46
Q3 25
$3.61
$4.90
Q2 25
$3.12
$4.30
Q1 25
$2.45
$3.50
Q4 24
$3.35
$4.60
Q3 24
$3.77
$2.80
Q2 24
$3.62
$1.12

Balance Sheet & Financial Strength

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

Metric
AYI
AYI
THG
THG
Cash + ST InvestmentsLiquidity on hand
$376.1M
$243.5M
Total DebtLower is stronger
$843.8M
Stockholders' EquityBook value
$2.8B
$3.0B
Total Assets
$4.7B
$16.5B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AYI
AYI
THG
THG
Q1 26
$243.5M
Q4 25
$376.1M
$1.1B
Q3 25
$422.5M
$915.7M
Q2 25
$371.8M
$244.1M
Q1 25
$397.9M
$315.1M
Q4 24
$935.6M
$435.5M
Q3 24
$845.8M
$427.1M
Q2 24
$699.0M
$337.6M
Total Debt
AYI
AYI
THG
THG
Q1 26
$843.8M
Q4 25
$843.3M
Q3 25
$843.0M
Q2 25
$347.8M
Q1 25
$722.5M
Q4 24
$722.3M
Q3 24
Q2 24
Stockholders' Equity
AYI
AYI
THG
THG
Q1 26
$3.0B
Q4 25
$2.8B
$3.6B
Q3 25
$2.7B
$3.4B
Q2 25
$2.6B
$3.2B
Q1 25
$2.5B
$3.0B
Q4 24
$2.5B
$2.8B
Q3 24
$2.4B
$2.9B
Q2 24
$2.3B
$2.6B
Total Assets
AYI
AYI
THG
THG
Q1 26
$16.5B
Q4 25
$4.7B
$16.9B
Q3 25
$4.8B
$16.8B
Q2 25
$4.6B
$15.7B
Q1 25
$4.6B
$15.5B
Q4 24
$3.9B
$15.3B
Q3 24
$3.8B
$15.4B
Q2 24
$3.6B
$14.9B
Debt / Equity
AYI
AYI
THG
THG
Q1 26
0.28×
Q4 25
0.24×
Q3 25
0.25×
Q2 25
0.11×
Q1 25
0.24×
Q4 24
0.25×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
AYI
AYI
THG
THG
Operating Cash FlowLast quarter
$140.8M
Free Cash FlowOCF − Capex
$114.8M
FCF MarginFCF / Revenue
10.0%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters
$534.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AYI
AYI
THG
THG
Q1 26
Q4 25
$140.8M
$378.2M
Q3 25
$202.5M
$554.4M
Q2 25
$207.3M
$206.6M
Q1 25
$59.4M
$38.9M
Q4 24
$132.2M
$213.5M
Q3 24
$174.1M
$394.7M
Q2 24
$152.5M
$139.5M
Free Cash Flow
AYI
AYI
THG
THG
Q1 26
Q4 25
$114.8M
$377.0M
Q3 25
$177.7M
$551.4M
Q2 25
$192.3M
$204.9M
Q1 25
$49.7M
$37.1M
Q4 24
$113.3M
$210.5M
Q3 24
$151.1M
$392.3M
Q2 24
$140.5M
$137.3M
FCF Margin
AYI
AYI
THG
THG
Q1 26
Q4 25
10.0%
22.6%
Q3 25
14.7%
33.1%
Q2 25
16.3%
12.4%
Q1 25
4.9%
2.3%
Q4 24
11.9%
13.3%
Q3 24
14.6%
25.1%
Q2 24
14.5%
8.9%
Capex Intensity
AYI
AYI
THG
THG
Q1 26
Q4 25
2.3%
0.1%
Q3 25
2.1%
0.2%
Q2 25
1.3%
0.1%
Q1 25
1.0%
0.1%
Q4 24
2.0%
0.2%
Q3 24
2.2%
0.2%
Q2 24
1.2%
0.1%
Cash Conversion
AYI
AYI
THG
THG
Q1 26
Q4 25
1.17×
1.91×
Q3 25
1.78×
3.10×
Q2 25
2.11×
1.32×
Q1 25
0.77×
0.30×
Q4 24
1.24×
1.27×
Q3 24
1.46×
3.87×
Q2 24
1.34×
3.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AYI
AYI

Sales Channel Through Independent Sales Network$616.7M54%
Acuity Intelligent Spaces$248.1M22%
QSCLLC$95.1M8%
Sales Channel Through Direct Sales Network$70.6M6%
Sales Channel Through Original Equipment Manufacturer And Other$49.1M4%
Sales Channel Through Corporate Accounts Network$40.7M4%
Sales Channel Through Retail$40.3M4%

THG
THG

Premiums earned$1.6B92%
Other$124.6M7%
Fees and other income$6.2M0%

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