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Side-by-side financial comparison of Cintas (CTAS) and HANOVER INSURANCE GROUP, INC. (THG). Click either name above to swap in a different company.
Cintas is the larger business by last-quarter revenue ($2.8B vs $1.7B, roughly 1.6× HANOVER INSURANCE GROUP, INC.). Cintas runs the higher net margin — 17.7% vs 11.0%, a 6.7% gap on every dollar of revenue. On growth, Cintas posted the faster year-over-year revenue change (9.3% vs 6.1%). Over the past eight quarters, Cintas's revenue compounded faster (7.9% CAGR vs 5.2%).
Cintas Corporation is an American corporation headquartered in Mason, Ohio, which provides a range of products and services to businesses including uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses. Cintas is a publicly held company traded on the Nasdaq Global Select Market under the symbol CTAS and is a component of the S&P 500 Index.
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.
CTAS vs THG — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $1.7B |
| Net Profit | $495.3M | $186.8M |
| Gross Margin | 50.4% | — |
| Operating Margin | 23.4% | 11.1% |
| Net Margin | 17.7% | 11.0% |
| Revenue YoY | 9.3% | 6.1% |
| Net Profit YoY | 10.4% | 45.7% |
| EPS (diluted) | $1.21 | — |
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 | — | $1.7B | ||
| Q4 25 | $2.8B | $1.7B | ||
| Q3 25 | $2.7B | $1.7B | ||
| Q2 25 | $2.7B | $1.7B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $2.5B | $1.6B | ||
| Q2 24 | $2.5B | $1.5B |
| Q1 26 | — | $186.8M | ||
| Q4 25 | $495.3M | $198.5M | ||
| Q3 25 | $491.1M | $178.7M | ||
| Q2 25 | $448.3M | $157.1M | ||
| Q1 25 | $463.5M | $128.2M | ||
| Q4 24 | $448.5M | $167.9M | ||
| Q3 24 | $452.0M | $102.1M | ||
| Q2 24 | $414.3M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | 50.4% | — | ||
| Q3 25 | 50.3% | — | ||
| Q2 25 | 49.7% | — | ||
| Q1 25 | 50.6% | — | ||
| Q4 24 | 49.8% | — | ||
| Q3 24 | 50.1% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 11.1% | ||
| Q4 25 | 23.4% | 17.3% | ||
| Q3 25 | 22.7% | 14.9% | ||
| Q2 25 | 22.4% | 12.7% | ||
| Q1 25 | 23.4% | 11.6% | ||
| Q4 24 | 23.1% | 16.1% | ||
| Q3 24 | 22.4% | 9.6% | ||
| Q2 24 | 22.2% | 6.2% |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 17.7% | 11.9% | ||
| Q3 25 | 18.1% | 10.7% | ||
| Q2 25 | 16.8% | 9.5% | ||
| Q1 25 | 17.8% | 8.0% | ||
| Q4 24 | 17.5% | 10.6% | ||
| Q3 24 | 18.1% | 6.5% | ||
| Q2 24 | 16.8% | 2.6% |
| Q1 26 | — | — | ||
| Q4 25 | $1.21 | $5.46 | ||
| Q3 25 | $1.20 | $4.90 | ||
| Q2 25 | $1.08 | $4.30 | ||
| Q1 25 | $1.13 | $3.50 | ||
| Q4 24 | $1.09 | $4.60 | ||
| Q3 24 | $1.10 | $2.80 | ||
| Q2 24 | $4.00 | $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 | $200.8M | $243.5M |
| Total DebtLower is stronger | $2.4B | $843.8M |
| Stockholders' EquityBook value | $4.5B | $3.0B |
| Total Assets | $10.1B | $16.5B |
| Debt / EquityLower = less leverage | 0.54× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $243.5M | ||
| Q4 25 | $200.8M | $1.1B | ||
| Q3 25 | $138.1M | $915.7M | ||
| Q2 25 | $264.0M | $244.1M | ||
| Q1 25 | $243.4M | $315.1M | ||
| Q4 24 | $122.4M | $435.5M | ||
| Q3 24 | $101.4M | $427.1M | ||
| Q2 24 | $342.0M | $337.6M |
| Q1 26 | — | $843.8M | ||
| Q4 25 | $2.4B | $843.3M | ||
| Q3 25 | $2.4B | $843.0M | ||
| Q2 25 | $2.4B | $347.8M | ||
| Q1 25 | $2.0B | $722.5M | ||
| Q4 24 | $2.0B | $722.3M | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $4.5B | $3.6B | ||
| Q3 25 | $4.8B | $3.4B | ||
| Q2 25 | $4.7B | $3.2B | ||
| Q1 25 | $4.6B | $3.0B | ||
| Q4 24 | $4.3B | $2.8B | ||
| Q3 24 | $4.0B | $2.9B | ||
| Q2 24 | $4.3B | $2.6B |
| Q1 26 | — | $16.5B | ||
| Q4 25 | $10.1B | $16.9B | ||
| Q3 25 | $9.8B | $16.8B | ||
| Q2 25 | $9.8B | $15.7B | ||
| Q1 25 | $9.6B | $15.5B | ||
| Q4 24 | $9.4B | $15.3B | ||
| Q3 24 | $9.1B | $15.4B | ||
| Q2 24 | $9.2B | $14.9B |
| Q1 26 | — | 0.28× | ||
| Q4 25 | 0.54× | 0.24× | ||
| Q3 25 | 0.51× | 0.25× | ||
| Q2 25 | 0.52× | 0.11× | ||
| Q1 25 | 0.44× | 0.24× | ||
| Q4 24 | 0.47× | 0.25× | ||
| Q3 24 | 0.50× | — | ||
| Q2 24 | 0.47× | — |
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 | $531.2M | — |
| Free Cash FlowOCF − Capex | $425.0M | — |
| FCF MarginFCF / Revenue | 15.2% | — |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | 1.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $531.2M | $378.2M | ||
| Q3 25 | $414.5M | $554.4M | ||
| Q2 25 | $635.7M | $206.6M | ||
| Q1 25 | $622.0M | $38.9M | ||
| Q4 24 | $441.4M | $213.5M | ||
| Q3 24 | $466.7M | $394.7M | ||
| Q2 24 | $693.0M | $139.5M |
| Q1 26 | — | — | ||
| Q4 25 | $425.0M | $377.0M | ||
| Q3 25 | $312.5M | $551.4M | ||
| Q2 25 | $521.1M | $204.9M | ||
| Q1 25 | $522.1M | $37.1M | ||
| Q4 24 | $340.0M | $210.5M | ||
| Q3 24 | $373.8M | $392.3M | ||
| Q2 24 | $591.1M | $137.3M |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | 22.6% | ||
| Q3 25 | 11.5% | 33.1% | ||
| Q2 25 | 19.5% | 12.4% | ||
| Q1 25 | 20.0% | 2.3% | ||
| Q4 24 | 13.3% | 13.3% | ||
| Q3 24 | 14.9% | 25.1% | ||
| Q2 24 | 23.9% | 8.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 0.1% | ||
| Q3 25 | 3.8% | 0.2% | ||
| Q2 25 | 4.3% | 0.1% | ||
| Q1 25 | 3.8% | 0.1% | ||
| Q4 24 | 4.0% | 0.2% | ||
| Q3 24 | 3.7% | 0.2% | ||
| Q2 24 | 4.1% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.07× | 1.91× | ||
| Q3 25 | 0.84× | 3.10× | ||
| Q2 25 | 1.42× | 1.32× | ||
| Q1 25 | 1.34× | 0.30× | ||
| Q4 24 | 0.98× | 1.27× | ||
| Q3 24 | 1.03× | 3.87× | ||
| Q2 24 | 1.67× | 3.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTAS
| Uniform Rental And Facility Services Segment | $2.2B | 77% |
| First Aid And Safety Services Segment | $342.2M | 12% |
| Fire Protection Services | $222.5M | 8% |
| Uniform Direct Sales | $79.8M | 3% |
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
