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Side-by-side financial comparison of Delek US Holdings, Inc. (DK) and HANOVER INSURANCE GROUP, INC. (THG). Click either name above to swap in a different company.

Delek US Holdings, Inc. is the larger business by last-quarter revenue ($2.6B vs $1.7B, roughly 1.5× HANOVER INSURANCE GROUP, INC.). HANOVER INSURANCE GROUP, INC. runs the higher net margin — 11.0% vs -7.7%, a 18.6% gap on every dollar of revenue. On growth, HANOVER INSURANCE GROUP, INC. posted the faster year-over-year revenue change (6.1% vs -4.9%). Over the past eight quarters, HANOVER INSURANCE GROUP, INC.'s revenue compounded faster (5.2% CAGR vs -10.8%).

Delek US Holdings, Inc. is an oil refining, logistics and biofuels company founded in 2001 and headquartered in Brentwood, Tennessee.

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.

DK vs THG — Head-to-Head

Bigger by revenue
DK
DK
1.5× larger
DK
$2.6B
$1.7B
THG
Growing faster (revenue YoY)
THG
THG
+11.1% gap
THG
6.1%
-4.9%
DK
Higher net margin
THG
THG
18.6% more per $
THG
11.0%
-7.7%
DK
Faster 2-yr revenue CAGR
THG
THG
Annualised
THG
5.2%
-10.8%
DK

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
DK
DK
THG
THG
Revenue
$2.6B
$1.7B
Net Profit
$-201.3M
$186.8M
Gross Margin
-5.8%
Operating Margin
11.1%
Net Margin
-7.7%
11.0%
Revenue YoY
-4.9%
6.1%
Net Profit YoY
45.7%
EPS (diluted)
$-3.34

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
DK
DK
THG
THG
Q1 26
$2.6B
$1.7B
Q4 25
$2.4B
$1.7B
Q3 25
$2.9B
$1.7B
Q2 25
$2.8B
$1.7B
Q1 25
$2.6B
$1.6B
Q4 24
$2.4B
$1.6B
Q3 24
$3.0B
$1.6B
Q2 24
$3.3B
$1.5B
Net Profit
DK
DK
THG
THG
Q1 26
$-201.3M
$186.8M
Q4 25
$78.3M
$198.5M
Q3 25
$178.0M
$178.7M
Q2 25
$-106.4M
$157.1M
Q1 25
$-172.7M
$128.2M
Q4 24
$-413.8M
$167.9M
Q3 24
$-76.8M
$102.1M
Q2 24
$-37.2M
$40.5M
Gross Margin
DK
DK
THG
THG
Q1 26
-5.8%
Q4 25
9.3%
Q3 25
13.8%
Q2 25
1.9%
Q1 25
-2.4%
Q4 24
-5.7%
Q3 24
-0.7%
Q2 24
0.5%
Operating Margin
DK
DK
THG
THG
Q1 26
11.1%
Q4 25
6.8%
17.3%
Q3 25
10.2%
14.9%
Q2 25
-1.2%
12.7%
Q1 25
-4.8%
11.6%
Q4 24
-17.0%
16.1%
Q3 24
-4.0%
9.6%
Q2 24
0.1%
6.2%
Net Margin
DK
DK
THG
THG
Q1 26
-7.7%
11.0%
Q4 25
3.2%
11.9%
Q3 25
6.2%
10.7%
Q2 25
-3.8%
9.5%
Q1 25
-6.5%
8.0%
Q4 24
-17.4%
10.6%
Q3 24
-2.5%
6.5%
Q2 24
-1.1%
2.6%
EPS (diluted)
DK
DK
THG
THG
Q1 26
$-3.34
Q4 25
$1.23
$5.46
Q3 25
$2.93
$4.90
Q2 25
$-1.76
$4.30
Q1 25
$-2.78
$3.50
Q4 24
$-6.48
$4.60
Q3 24
$-1.20
$2.80
Q2 24
$-0.58
$1.12

Balance Sheet & Financial Strength

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

Metric
DK
DK
THG
THG
Cash + ST InvestmentsLiquidity on hand
$624.1M
$243.5M
Total DebtLower is stronger
$3.2B
$843.8M
Stockholders' EquityBook value
$302.0M
$3.0B
Total Assets
$7.6B
$16.5B
Debt / EquityLower = less leverage
10.54×
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DK
DK
THG
THG
Q1 26
$624.1M
$243.5M
Q4 25
$625.8M
$1.1B
Q3 25
$630.9M
$915.7M
Q2 25
$615.5M
$244.1M
Q1 25
$623.8M
$315.1M
Q4 24
$735.6M
$435.5M
Q3 24
$1.0B
$427.1M
Q2 24
$657.9M
$337.6M
Total Debt
DK
DK
THG
THG
Q1 26
$3.2B
$843.8M
Q4 25
$3.2B
$843.3M
Q3 25
$3.2B
$843.0M
Q2 25
$3.1B
$347.8M
Q1 25
$3.0B
$722.5M
Q4 24
$2.8B
$722.3M
Q3 24
$2.8B
Q2 24
$2.5B
Stockholders' Equity
DK
DK
THG
THG
Q1 26
$302.0M
$3.0B
Q4 25
$547.3M
$3.6B
Q3 25
$444.8M
$3.4B
Q2 25
$294.9M
$3.2B
Q1 25
$429.4M
$3.0B
Q4 24
$575.2M
$2.8B
Q3 24
$875.4M
$2.9B
Q2 24
$982.8M
$2.6B
Total Assets
DK
DK
THG
THG
Q1 26
$7.6B
$16.5B
Q4 25
$6.8B
$16.9B
Q3 25
$7.1B
$16.8B
Q2 25
$7.1B
$15.7B
Q1 25
$6.9B
$15.5B
Q4 24
$6.7B
$15.3B
Q3 24
$7.0B
$15.4B
Q2 24
$6.9B
$14.9B
Debt / Equity
DK
DK
THG
THG
Q1 26
10.54×
0.28×
Q4 25
5.91×
0.24×
Q3 25
7.14×
0.25×
Q2 25
10.51×
0.11×
Q1 25
7.07×
0.24×
Q4 24
4.81×
0.25×
Q3 24
3.19×
Q2 24
2.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DK
DK

Segment breakdown not available.

THG
THG

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

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