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Side-by-side financial comparison of Datadog (DDOG) 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 $953.2M, roughly 1.8× Datadog). HANOVER INSURANCE GROUP, INC. runs the higher net margin — 11.0% vs 4.9%, a 6.1% gap on every dollar of revenue. On growth, Datadog posted the faster year-over-year revenue change (29.2% vs 6.1%). Over the past eight quarters, Datadog's revenue compounded faster (24.9% CAGR vs 5.2%).
Datadog, Inc. is an American company that provides an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Founded and headquartered in New York City, the company is a publicly traded entity on the Nasdaq stock exchange.
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.
DDOG vs THG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $953.2M | $1.7B |
| Net Profit | $46.6M | $186.8M |
| Gross Margin | 80.4% | — |
| Operating Margin | 1.0% | 11.1% |
| Net Margin | 4.9% | 11.0% |
| Revenue YoY | 29.2% | 6.1% |
| Net Profit YoY | 2.1% | 45.7% |
| EPS (diluted) | $0.13 | — |
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 | $953.2M | $1.7B | ||
| Q3 25 | $885.7M | $1.7B | ||
| Q2 25 | $826.8M | $1.7B | ||
| Q1 25 | $761.6M | $1.6B | ||
| Q4 24 | $737.7M | $1.6B | ||
| Q3 24 | $690.0M | $1.6B | ||
| Q2 24 | $645.3M | $1.5B |
| Q1 26 | — | $186.8M | ||
| Q4 25 | $46.6M | $198.5M | ||
| Q3 25 | $33.9M | $178.7M | ||
| Q2 25 | $2.6M | $157.1M | ||
| Q1 25 | $24.6M | $128.2M | ||
| Q4 24 | $45.6M | $167.9M | ||
| Q3 24 | $51.7M | $102.1M | ||
| Q2 24 | $43.8M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | — | ||
| Q3 25 | 80.1% | — | ||
| Q2 25 | 79.9% | — | ||
| Q1 25 | 79.3% | — | ||
| Q4 24 | 80.5% | — | ||
| Q3 24 | 80.0% | — | ||
| Q2 24 | 80.9% | — |
| Q1 26 | — | 11.1% | ||
| Q4 25 | 1.0% | 17.3% | ||
| Q3 25 | -0.7% | 14.9% | ||
| Q2 25 | -4.3% | 12.7% | ||
| Q1 25 | -1.6% | 11.6% | ||
| Q4 24 | 1.3% | 16.1% | ||
| Q3 24 | 2.9% | 9.6% | ||
| Q2 24 | 2.0% | 6.2% |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 4.9% | 11.9% | ||
| Q3 25 | 3.8% | 10.7% | ||
| Q2 25 | 0.3% | 9.5% | ||
| Q1 25 | 3.2% | 8.0% | ||
| Q4 24 | 6.2% | 10.6% | ||
| Q3 24 | 7.5% | 6.5% | ||
| Q2 24 | 6.8% | 2.6% |
| Q1 26 | — | — | ||
| Q4 25 | $0.13 | $5.46 | ||
| Q3 25 | $0.10 | $4.90 | ||
| Q2 25 | $0.01 | $4.30 | ||
| Q1 25 | $0.07 | $3.50 | ||
| Q4 24 | $0.14 | $4.60 | ||
| Q3 24 | $0.14 | $2.80 | ||
| Q2 24 | $0.12 | $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 | $401.3M | $243.5M |
| Total DebtLower is stronger | — | $843.8M |
| Stockholders' EquityBook value | $3.7B | $3.0B |
| Total Assets | $6.6B | $16.5B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $243.5M | ||
| Q4 25 | $401.3M | $1.1B | ||
| Q3 25 | $540.6M | $915.7M | ||
| Q2 25 | $489.0M | $244.1M | ||
| Q1 25 | $1.1B | $315.1M | ||
| Q4 24 | $1.2B | $435.5M | ||
| Q3 24 | $337.4M | $427.1M | ||
| Q2 24 | $411.0M | $337.6M |
| 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 | — | — |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $3.7B | $3.6B | ||
| Q3 25 | $3.4B | $3.4B | ||
| Q2 25 | $3.2B | $3.2B | ||
| Q1 25 | $2.9B | $3.0B | ||
| Q4 24 | $2.7B | $2.8B | ||
| Q3 24 | $2.6B | $2.9B | ||
| Q2 24 | $2.4B | $2.6B |
| Q1 26 | — | $16.5B | ||
| Q4 25 | $6.6B | $16.9B | ||
| Q3 25 | $6.1B | $16.8B | ||
| Q2 25 | $5.8B | $15.7B | ||
| Q1 25 | $6.0B | $15.5B | ||
| Q4 24 | $5.8B | $15.3B | ||
| Q3 24 | $4.6B | $15.4B | ||
| Q2 24 | $4.4B | $14.9B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $327.1M | — |
| Free Cash FlowOCF − Capex | $318.2M | — |
| FCF MarginFCF / Revenue | 33.4% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | 7.02× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $327.1M | $378.2M | ||
| Q3 25 | $251.5M | $554.4M | ||
| Q2 25 | $200.1M | $206.6M | ||
| Q1 25 | $271.5M | $38.9M | ||
| Q4 24 | $265.2M | $213.5M | ||
| Q3 24 | $228.7M | $394.7M | ||
| Q2 24 | $164.4M | $139.5M |
| Q1 26 | — | — | ||
| Q4 25 | $318.2M | $377.0M | ||
| Q3 25 | $234.7M | $551.4M | ||
| Q2 25 | $184.9M | $204.9M | ||
| Q1 25 | $262.8M | $37.1M | ||
| Q4 24 | $257.5M | $210.5M | ||
| Q3 24 | $220.3M | $392.3M | ||
| Q2 24 | $160.0M | $137.3M |
| Q1 26 | — | — | ||
| Q4 25 | 33.4% | 22.6% | ||
| Q3 25 | 26.5% | 33.1% | ||
| Q2 25 | 22.4% | 12.4% | ||
| Q1 25 | 34.5% | 2.3% | ||
| Q4 24 | 34.9% | 13.3% | ||
| Q3 24 | 31.9% | 25.1% | ||
| Q2 24 | 24.8% | 8.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 1.9% | 0.2% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 1.1% | 0.1% | ||
| Q4 24 | 1.1% | 0.2% | ||
| Q3 24 | 1.2% | 0.2% | ||
| Q2 24 | 0.7% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 7.02× | 1.91× | ||
| Q3 25 | 7.42× | 3.10× | ||
| Q2 25 | 75.58× | 1.32× | ||
| Q1 25 | 11.02× | 0.30× | ||
| Q4 24 | 5.82× | 1.27× | ||
| Q3 24 | 4.42× | 3.87× | ||
| Q2 24 | 3.75× | 3.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DDOG
| North America | $678.7M | 71% |
| International | $274.5M | 29% |
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
