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Side-by-side financial comparison of Everus Construction Group, Inc. (ECG) 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 $1.0B, roughly 1.7× Everus Construction Group, Inc.). HANOVER INSURANCE GROUP, INC. runs the higher net margin — 11.0% vs 5.5%, a 5.5% gap on every dollar of revenue. On growth, Everus Construction Group, Inc. posted the faster year-over-year revenue change (33.2% vs 6.1%). Over the past eight quarters, Everus Construction Group, Inc.'s revenue compounded faster (27.1% CAGR vs 5.2%).
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.
ECG vs THG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.7B |
| Net Profit | $55.3M | $186.8M |
| Gross Margin | 11.6% | — |
| Operating Margin | 6.8% | 11.1% |
| Net Margin | 5.5% | 11.0% |
| Revenue YoY | 33.2% | 6.1% |
| Net Profit YoY | 60.4% | 45.7% |
| EPS (diluted) | $1.09 | — |
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 | $1.0B | $1.7B | ||
| Q3 25 | $986.8M | $1.7B | ||
| Q2 25 | $921.5M | $1.7B | ||
| Q1 25 | $826.6M | $1.6B | ||
| Q4 24 | $759.6M | $1.6B | ||
| Q3 24 | $761.0M | $1.6B | ||
| Q2 24 | $703.4M | $1.5B |
| Q1 26 | — | $186.8M | ||
| Q4 25 | $55.3M | $198.5M | ||
| Q3 25 | $57.0M | $178.7M | ||
| Q2 25 | $52.8M | $157.1M | ||
| Q1 25 | $36.7M | $128.2M | ||
| Q4 24 | $34.5M | $167.9M | ||
| Q3 24 | $41.8M | $102.1M | ||
| Q2 24 | $39.0M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | 11.6% | — | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 13.0% | — | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 11.8% | — | ||
| Q2 24 | 12.6% | — |
| Q1 26 | — | 11.1% | ||
| Q4 25 | 6.8% | 17.3% | ||
| Q3 25 | 7.3% | 14.9% | ||
| Q2 25 | 7.9% | 12.7% | ||
| Q1 25 | 6.2% | 11.6% | ||
| Q4 24 | 6.1% | 16.1% | ||
| Q3 24 | 7.1% | 9.6% | ||
| Q2 24 | 7.3% | 6.2% |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 5.5% | 11.9% | ||
| Q3 25 | 5.8% | 10.7% | ||
| Q2 25 | 5.7% | 9.5% | ||
| Q1 25 | 4.4% | 8.0% | ||
| Q4 24 | 4.5% | 10.6% | ||
| Q3 24 | 5.5% | 6.5% | ||
| Q2 24 | 5.5% | 2.6% |
| Q1 26 | — | — | ||
| Q4 25 | $1.09 | $5.46 | ||
| Q3 25 | $1.11 | $4.90 | ||
| Q2 25 | $1.03 | $4.30 | ||
| Q1 25 | $0.72 | $3.50 | ||
| Q4 24 | $0.68 | $4.60 | ||
| Q3 24 | $0.82 | $2.80 | ||
| Q2 24 | $0.76 | $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 | — | $243.5M |
| Total DebtLower is stronger | $281.5M | $843.8M |
| Stockholders' EquityBook value | $629.8M | $3.0B |
| Total Assets | $1.7B | $16.5B |
| Debt / EquityLower = less leverage | 0.45× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $243.5M | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $915.7M | ||
| Q2 25 | — | $244.1M | ||
| Q1 25 | — | $315.1M | ||
| Q4 24 | — | $435.5M | ||
| Q3 24 | $553.0K | $427.1M | ||
| Q2 24 | — | $337.6M |
| Q1 26 | — | $843.8M | ||
| Q4 25 | $281.5M | $843.3M | ||
| Q3 25 | $285.1M | $843.0M | ||
| Q2 25 | $288.6M | $347.8M | ||
| Q1 25 | $292.1M | $722.5M | ||
| Q4 24 | $295.6M | $722.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $629.8M | $3.6B | ||
| Q3 25 | $573.0M | $3.4B | ||
| Q2 25 | $514.4M | $3.2B | ||
| Q1 25 | $460.2M | $3.0B | ||
| Q4 24 | $422.6M | $2.8B | ||
| Q3 24 | $453.3M | $2.9B | ||
| Q2 24 | $490.0M | $2.6B |
| Q1 26 | — | $16.5B | ||
| Q4 25 | $1.7B | $16.9B | ||
| Q3 25 | $1.6B | $16.8B | ||
| Q2 25 | $1.5B | $15.7B | ||
| Q1 25 | $1.4B | $15.5B | ||
| Q4 24 | $1.3B | $15.3B | ||
| Q3 24 | $1.3B | $15.4B | ||
| Q2 24 | — | $14.9B |
| Q1 26 | — | 0.28× | ||
| Q4 25 | 0.45× | 0.24× | ||
| Q3 25 | 0.50× | 0.25× | ||
| Q2 25 | 0.56× | 0.11× | ||
| Q1 25 | 0.63× | 0.24× | ||
| Q4 24 | 0.70× | 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 | $48.2M | — |
| Free Cash FlowOCF − Capex | $23.5M | — |
| FCF MarginFCF / Revenue | 2.3% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | 0.87× | — |
| TTM Free Cash FlowTrailing 4 quarters | $90.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $48.2M | $378.2M | ||
| Q3 25 | $76.2M | $554.4M | ||
| Q2 25 | $25.3M | $206.6M | ||
| Q1 25 | $7.1M | $38.9M | ||
| Q4 24 | — | $213.5M | ||
| Q3 24 | $78.9M | $394.7M | ||
| Q2 24 | — | $139.5M |
| Q1 26 | — | — | ||
| Q4 25 | $23.5M | $377.0M | ||
| Q3 25 | $65.7M | $551.4M | ||
| Q2 25 | $12.3M | $204.9M | ||
| Q1 25 | $-11.4M | $37.1M | ||
| Q4 24 | — | $210.5M | ||
| Q3 24 | $60.9M | $392.3M | ||
| Q2 24 | — | $137.3M |
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 22.6% | ||
| Q3 25 | 6.7% | 33.1% | ||
| Q2 25 | 1.3% | 12.4% | ||
| Q1 25 | -1.4% | 2.3% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | 8.0% | 25.1% | ||
| Q2 24 | — | 8.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 0.1% | ||
| Q3 25 | 1.1% | 0.2% | ||
| Q2 25 | 1.4% | 0.1% | ||
| Q1 25 | 2.2% | 0.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 2.4% | 0.2% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 1.91× | ||
| Q3 25 | 1.34× | 3.10× | ||
| Q2 25 | 0.48× | 1.32× | ||
| Q1 25 | 0.19× | 0.30× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | 1.89× | 3.87× | ||
| Q2 24 | — | 3.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECG
| Commercial | $594.5M | 59% |
| Utility | $203.5M | 20% |
| Industrial | $82.8M | 8% |
| Institutional | $66.1M | 7% |
| Service And Other | $28.4M | 3% |
| Transportation | $24.2M | 2% |
| Renewables | $19.8M | 2% |
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
