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Side-by-side financial comparison of BRUNSWICK CORP (BC) and Hamilton Insurance Group, Ltd. (HG). Click either name above to swap in a different company.

BRUNSWICK CORP is the larger business by last-quarter revenue ($1.4B vs $758.9M, roughly 1.8× Hamilton Insurance Group, Ltd.). Hamilton Insurance Group, Ltd. runs the higher net margin — 17.6% vs 1.5%, a 16.1% gap on every dollar of revenue. On growth, BRUNSWICK CORP posted the faster year-over-year revenue change (17.3% vs -1.3%). Over the past eight quarters, Hamilton Insurance Group, Ltd.'s revenue compounded faster (13.6% CAGR vs -2.3%).

Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Brunswick has more than 13,000 employees in 24 countries. Brunswick owns a number of brands, including Mercury Marine. In 2024, Brunswick reported sales of US$5.2 billion. Brunswick's global headquarters is in the northern Chicago suburb of Mettawa, Illinois.

White Mountains Insurance Group is a diversified insurance and related financial services holding company based in Hamilton, Bermuda. Redomiciled from Delaware, United States, on October 25, 1999, the company conducts most of its business through its insurance subsidiaries and other affiliates.

BC vs HG — Head-to-Head

Bigger by revenue
BC
BC
1.8× larger
BC
$1.4B
$758.9M
HG
Growing faster (revenue YoY)
BC
BC
+18.6% gap
BC
17.3%
-1.3%
HG
Higher net margin
HG
HG
16.1% more per $
HG
17.6%
1.5%
BC
Faster 2-yr revenue CAGR
HG
HG
Annualised
HG
13.6%
-2.3%
BC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BC
BC
HG
HG
Revenue
$1.4B
$758.9M
Net Profit
$21.0M
$133.5M
Gross Margin
24.9%
Operating Margin
3.6%
Net Margin
1.5%
17.6%
Revenue YoY
17.3%
-1.3%
Net Profit YoY
19.7%
EPS (diluted)
$0.32
$1.31

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
BC
BC
HG
HG
Q1 26
$1.4B
$758.9M
Q4 25
$1.3B
$728.3M
Q3 25
$1.4B
$667.6M
Q2 25
$1.4B
$740.8M
Q1 25
$1.2B
$768.8M
Q4 24
$1.2B
$570.5M
Q3 24
$1.3B
$512.8M
Q2 24
$1.4B
$587.9M
Net Profit
BC
BC
HG
HG
Q1 26
$21.0M
$133.5M
Q4 25
$18.7M
$214.6M
Q3 25
$-235.5M
$176.4M
Q2 25
$59.3M
$267.8M
Q1 25
$20.2M
$181.3M
Q4 24
$-82.5M
$74.4M
Q3 24
$44.6M
$61.0M
Q2 24
$100.0M
$200.4M
Gross Margin
BC
BC
HG
HG
Q1 26
24.9%
Q4 25
23.1%
Q3 25
25.8%
Q2 25
25.5%
Q1 25
24.9%
Q4 24
21.9%
Q3 24
26.2%
Q2 24
27.1%
Operating Margin
BC
BC
HG
HG
Q1 26
3.6%
Q4 25
3.1%
26.0%
Q3 25
-17.8%
27.0%
Q2 25
7.1%
36.5%
Q1 25
4.6%
24.0%
Q4 24
-4.8%
13.4%
Q3 24
7.7%
12.5%
Q2 24
11.0%
34.5%
Net Margin
BC
BC
HG
HG
Q1 26
1.5%
17.6%
Q4 25
1.4%
29.5%
Q3 25
-17.3%
26.4%
Q2 25
4.1%
36.1%
Q1 25
1.7%
23.6%
Q4 24
-7.1%
13.0%
Q3 24
3.5%
11.9%
Q2 24
6.9%
34.1%
EPS (diluted)
BC
BC
HG
HG
Q1 26
$0.32
$1.31
Q4 25
$0.32
$1.67
Q3 25
$-3.59
$1.32
Q2 25
$0.89
$1.79
Q1 25
$0.30
$0.77
Q4 24
$-1.21
$0.35
Q3 24
$0.67
$0.74
Q2 24
$1.48
$1.20

Balance Sheet & Financial Strength

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

Metric
BC
BC
HG
HG
Cash + ST InvestmentsLiquidity on hand
$277.8M
$842.5M
Total DebtLower is stronger
$490.2M
Stockholders' EquityBook value
$1.6B
$2.7B
Total Assets
$5.5B
$9.9B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BC
BC
HG
HG
Q1 26
$277.8M
$842.5M
Q4 25
$256.8M
$1.1B
Q3 25
$297.7M
$955.1M
Q2 25
$315.7M
$985.6M
Q1 25
$286.7M
$838.5M
Q4 24
$269.0M
$996.5M
Q3 24
$284.1M
$957.4M
Q2 24
$494.5M
$1.0B
Total Debt
BC
BC
HG
HG
Q1 26
$490.2M
Q4 25
$2.1B
$149.7M
Q3 25
$149.7M
Q2 25
$149.7M
Q1 25
$150.0M
Q4 24
$2.4B
$149.9M
Q3 24
$149.9M
Q2 24
$149.9M
Stockholders' Equity
BC
BC
HG
HG
Q1 26
$1.6B
$2.7B
Q4 25
$1.6B
$2.8B
Q3 25
$1.6B
$2.7B
Q2 25
$1.9B
$2.6B
Q1 25
$1.9B
$2.4B
Q4 24
$1.9B
$2.3B
Q3 24
$2.0B
$2.3B
Q2 24
$2.0B
$2.2B
Total Assets
BC
BC
HG
HG
Q1 26
$5.5B
$9.9B
Q4 25
$5.3B
$9.6B
Q3 25
$5.4B
$9.2B
Q2 25
$5.8B
$8.9B
Q1 25
$5.9B
$8.3B
Q4 24
$5.7B
$7.8B
Q3 24
$6.0B
$7.8B
Q2 24
$6.4B
$7.6B
Debt / Equity
BC
BC
HG
HG
Q1 26
0.31×
Q4 25
1.30×
0.05×
Q3 25
0.06×
Q2 25
0.06×
Q1 25
0.06×
Q4 24
1.25×
0.06×
Q3 24
0.06×
Q2 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
BC
BC
HG
HG
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-116.8M
FCF MarginFCF / Revenue
-8.5%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$344.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BC
BC
HG
HG
Q1 26
Q4 25
$132.9M
$293.4M
Q3 25
$140.4M
$295.6M
Q2 25
$316.2M
$218.4M
Q1 25
$-27.4M
$34.9M
Q4 24
$306.4M
$284.1M
Q3 24
$67.4M
$160.6M
Q2 24
$211.0M
$156.4M
Free Cash Flow
BC
BC
HG
HG
Q1 26
$-116.8M
Q4 25
$83.6M
Q3 25
$106.5M
Q2 25
$271.3M
Q1 25
$-65.1M
Q4 24
$276.1M
Q3 24
$31.4M
Q2 24
$163.9M
FCF Margin
BC
BC
HG
HG
Q1 26
-8.5%
Q4 25
6.3%
Q3 25
7.8%
Q2 25
18.7%
Q1 25
-5.3%
Q4 24
23.9%
Q3 24
2.5%
Q2 24
11.4%
Capex Intensity
BC
BC
HG
HG
Q1 26
4.2%
Q4 25
3.7%
Q3 25
2.5%
Q2 25
3.1%
Q1 25
3.1%
Q4 24
2.6%
Q3 24
2.8%
Q2 24
3.3%
Cash Conversion
BC
BC
HG
HG
Q1 26
Q4 25
7.11×
1.37×
Q3 25
1.68×
Q2 25
5.33×
0.82×
Q1 25
-1.36×
0.19×
Q4 24
3.82×
Q3 24
1.51×
2.63×
Q2 24
2.11×
0.78×

Financial Flow Comparison

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

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