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Side-by-side financial comparison of Hamilton Insurance Group, Ltd. (HG) and PORTLAND GENERAL ELECTRIC CO (POR). Click either name above to swap in a different company.

PORTLAND GENERAL ELECTRIC CO is the larger business by last-quarter revenue ($889.0M vs $758.9M, roughly 1.2× Hamilton Insurance Group, Ltd.). Hamilton Insurance Group, Ltd. runs the higher net margin — 17.6% vs 4.6%, a 13.0% gap on every dollar of revenue. On growth, PORTLAND GENERAL ELECTRIC CO posted the faster year-over-year revenue change (7.9% vs -1.3%). Over the past eight quarters, Hamilton Insurance Group, Ltd.'s revenue compounded faster (13.6% CAGR vs -2.2%).

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.

Portland General Electric (PGE) is a Fortune 1000, publicly traded energy company based in Portland, Oregon, that generates, transmits and distributes electricity, serving almost two-thirds of Oregon's commercial and industrial activity. PGE is regulated by the Oregon Public Utility Commission. Founded in 1888 as the Willamette Falls Electric Company, the company has been an independent company for most of its existence, though was briefly owned by the Houston-based Enron Corporation from 199...

HG vs POR — Head-to-Head

Bigger by revenue
POR
POR
1.2× larger
POR
$889.0M
$758.9M
HG
Growing faster (revenue YoY)
POR
POR
+9.2% gap
POR
7.9%
-1.3%
HG
Higher net margin
HG
HG
13.0% more per $
HG
17.6%
4.6%
POR
Faster 2-yr revenue CAGR
HG
HG
Annualised
HG
13.6%
-2.2%
POR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HG
HG
POR
POR
Revenue
$758.9M
$889.0M
Net Profit
$133.5M
$41.0M
Gross Margin
Operating Margin
10.7%
Net Margin
17.6%
4.6%
Revenue YoY
-1.3%
7.9%
Net Profit YoY
19.7%
7.9%
EPS (diluted)
$1.31
$0.36

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
HG
HG
POR
POR
Q1 26
$758.9M
Q4 25
$728.3M
$889.0M
Q3 25
$667.6M
$952.0M
Q2 25
$740.8M
$807.0M
Q1 25
$768.8M
$928.0M
Q4 24
$570.5M
$824.0M
Q3 24
$512.8M
$929.0M
Q2 24
$587.9M
$758.0M
Net Profit
HG
HG
POR
POR
Q1 26
$133.5M
Q4 25
$214.6M
$41.0M
Q3 25
$176.4M
$103.0M
Q2 25
$267.8M
$62.0M
Q1 25
$181.3M
$100.0M
Q4 24
$74.4M
$38.0M
Q3 24
$61.0M
$94.0M
Q2 24
$200.4M
$72.0M
Operating Margin
HG
HG
POR
POR
Q1 26
Q4 25
26.0%
10.7%
Q3 25
27.0%
18.3%
Q2 25
36.5%
14.6%
Q1 25
24.0%
18.1%
Q4 24
13.4%
10.7%
Q3 24
12.5%
15.7%
Q2 24
34.5%
15.3%
Net Margin
HG
HG
POR
POR
Q1 26
17.6%
Q4 25
29.5%
4.6%
Q3 25
26.4%
10.8%
Q2 25
36.1%
7.7%
Q1 25
23.6%
10.8%
Q4 24
13.0%
4.6%
Q3 24
11.9%
10.1%
Q2 24
34.1%
9.5%
EPS (diluted)
HG
HG
POR
POR
Q1 26
$1.31
Q4 25
$1.67
$0.36
Q3 25
$1.32
$0.94
Q2 25
$1.79
$0.56
Q1 25
$0.77
$0.91
Q4 24
$0.35
$0.34
Q3 24
$0.74
$0.90
Q2 24
$1.20
$0.69

Balance Sheet & Financial Strength

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

Metric
HG
HG
POR
POR
Cash + ST InvestmentsLiquidity on hand
$842.5M
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$2.7B
$4.1B
Total Assets
$9.9B
$13.2B
Debt / EquityLower = less leverage
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HG
HG
POR
POR
Q1 26
$842.5M
Q4 25
$1.1B
Q3 25
$955.1M
Q2 25
$985.6M
Q1 25
$838.5M
Q4 24
$996.5M
Q3 24
$957.4M
Q2 24
$1.0B
Total Debt
HG
HG
POR
POR
Q1 26
Q4 25
$149.7M
$4.7B
Q3 25
$149.7M
$4.7B
Q2 25
$149.7M
$4.7B
Q1 25
$150.0M
$4.7B
Q4 24
$149.9M
$4.5B
Q3 24
$149.9M
$4.4B
Q2 24
$149.9M
$4.4B
Stockholders' Equity
HG
HG
POR
POR
Q1 26
$2.7B
Q4 25
$2.8B
$4.1B
Q3 25
$2.7B
$4.0B
Q2 25
$2.6B
$3.9B
Q1 25
$2.4B
$3.8B
Q4 24
$2.3B
$3.8B
Q3 24
$2.3B
$3.6B
Q2 24
$2.2B
$3.5B
Total Assets
HG
HG
POR
POR
Q1 26
$9.9B
Q4 25
$9.6B
$13.2B
Q3 25
$9.2B
$13.0B
Q2 25
$8.9B
$12.7B
Q1 25
$8.3B
$12.7B
Q4 24
$7.8B
$12.5B
Q3 24
$7.8B
$11.9B
Q2 24
$7.6B
$11.6B
Debt / Equity
HG
HG
POR
POR
Q1 26
Q4 25
0.05×
1.13×
Q3 25
0.06×
1.20×
Q2 25
0.06×
1.23×
Q1 25
0.06×
1.23×
Q4 24
0.06×
1.20×
Q3 24
0.06×
1.22×
Q2 24
0.07×
1.27×

Cash Flow & Capital Efficiency

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

Metric
HG
HG
POR
POR
Operating Cash FlowLast quarter
$148.0M
Free Cash FlowOCF − Capex
$-142.0M
FCF MarginFCF / Revenue
-16.0%
Capex IntensityCapex / Revenue
32.6%
Cash ConversionOCF / Net Profit
3.61×
TTM Free Cash FlowTrailing 4 quarters
$-71.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HG
HG
POR
POR
Q1 26
Q4 25
$293.4M
$148.0M
Q3 25
$295.6M
$403.0M
Q2 25
$218.4M
$336.0M
Q1 25
$34.9M
$231.0M
Q4 24
$284.1M
$170.0M
Q3 24
$160.6M
$244.0M
Q2 24
$156.4M
$189.0M
Free Cash Flow
HG
HG
POR
POR
Q1 26
Q4 25
$-142.0M
Q3 25
$100.0M
Q2 25
$99.0M
Q1 25
$-128.0M
Q4 24
$-222.0M
Q3 24
$-9.0M
Q2 24
$-109.0M
FCF Margin
HG
HG
POR
POR
Q1 26
Q4 25
-16.0%
Q3 25
10.5%
Q2 25
12.3%
Q1 25
-13.8%
Q4 24
-26.9%
Q3 24
-1.0%
Q2 24
-14.4%
Capex Intensity
HG
HG
POR
POR
Q1 26
Q4 25
32.6%
Q3 25
31.8%
Q2 25
29.4%
Q1 25
38.7%
Q4 24
47.6%
Q3 24
27.2%
Q2 24
39.3%
Cash Conversion
HG
HG
POR
POR
Q1 26
Q4 25
1.37×
3.61×
Q3 25
1.68×
3.91×
Q2 25
0.82×
5.42×
Q1 25
0.19×
2.31×
Q4 24
3.82×
4.47×
Q3 24
2.63×
2.60×
Q2 24
0.78×
2.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HG
HG

Segment breakdown not available.

POR
POR

Other$507.0M57%
Commercial$231.0M26%
Industrial$140.0M16%
Direct Accesscustomers$11.0M1%

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