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Side-by-side financial comparison of Hamilton Insurance Group, Ltd. (HG) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.

Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $728.3M, roughly 1.1× Hamilton Insurance Group, Ltd.). Hamilton Insurance Group, Ltd. runs the higher net margin — 23.6% vs 2.1%, a 21.5% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 27.7%). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 11.3%).

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.

Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.

HG vs ROAD — Head-to-Head

Bigger by revenue
ROAD
ROAD
1.1× larger
ROAD
$809.5M
$728.3M
HG
Growing faster (revenue YoY)
ROAD
ROAD
+16.5% gap
ROAD
44.1%
27.7%
HG
Higher net margin
HG
HG
21.5% more per $
HG
23.6%
2.1%
ROAD
Faster 2-yr revenue CAGR
ROAD
ROAD
Annualised
ROAD
47.6%
11.3%
HG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
HG
HG
ROAD
ROAD
Revenue
$728.3M
$809.5M
Net Profit
$172.2M
$17.2M
Gross Margin
15.0%
Operating Margin
6.2%
Net Margin
23.6%
2.1%
Revenue YoY
27.7%
44.1%
Net Profit YoY
188.3%
663.9%
EPS (diluted)
$1.69
$0.31

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
ROAD
ROAD
Q1 26
$728.3M
Q4 25
$728.3M
$809.5M
Q3 25
$667.6M
$899.8M
Q2 25
$740.8M
$779.3M
Q1 25
$768.8M
$571.6M
Q4 24
$570.5M
$561.6M
Q3 24
$512.8M
$538.2M
Q2 24
$587.9M
$517.8M
Net Profit
HG
HG
ROAD
ROAD
Q1 26
$172.2M
Q4 25
$214.6M
$17.2M
Q3 25
$176.4M
$56.6M
Q2 25
$267.8M
$44.0M
Q1 25
$181.3M
$4.2M
Q4 24
$74.4M
$-3.1M
Q3 24
$61.0M
$29.3M
Q2 24
$200.4M
$30.9M
Gross Margin
HG
HG
ROAD
ROAD
Q1 26
Q4 25
15.0%
Q3 25
17.7%
Q2 25
16.9%
Q1 25
12.5%
Q4 24
13.6%
Q3 24
15.6%
Q2 24
16.1%
Operating Margin
HG
HG
ROAD
ROAD
Q1 26
Q4 25
26.0%
6.2%
Q3 25
27.0%
11.2%
Q2 25
36.5%
10.6%
Q1 25
24.0%
4.8%
Q4 24
13.4%
2.5%
Q3 24
12.5%
8.5%
Q2 24
34.5%
8.8%
Net Margin
HG
HG
ROAD
ROAD
Q1 26
23.6%
Q4 25
29.5%
2.1%
Q3 25
26.4%
6.3%
Q2 25
36.1%
5.7%
Q1 25
23.6%
0.7%
Q4 24
13.0%
-0.5%
Q3 24
11.9%
5.4%
Q2 24
34.1%
6.0%
EPS (diluted)
HG
HG
ROAD
ROAD
Q1 26
$1.69
Q4 25
$1.67
$0.31
Q3 25
$1.32
$1.03
Q2 25
$1.79
$0.79
Q1 25
$0.77
$0.08
Q4 24
$0.35
$-0.06
Q3 24
$0.74
$0.55
Q2 24
$1.20
$0.59

Balance Sheet & Financial Strength

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

Metric
HG
HG
ROAD
ROAD
Cash + ST InvestmentsLiquidity on hand
$1.1B
$104.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.8B
$969.1M
Total Assets
$9.6B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HG
HG
ROAD
ROAD
Q1 26
$1.1B
Q4 25
$1.1B
$104.1M
Q3 25
$955.1M
$156.1M
Q2 25
$985.6M
$114.3M
Q1 25
$838.5M
$101.9M
Q4 24
$996.5M
$132.5M
Q3 24
$957.4M
$74.7M
Q2 24
$1.0B
$56.3M
Total Debt
HG
HG
ROAD
ROAD
Q1 26
Q4 25
$149.7M
Q3 25
$149.7M
$1.6B
Q2 25
$149.7M
Q1 25
$150.0M
Q4 24
$149.9M
Q3 24
$149.9M
$515.0M
Q2 24
$149.9M
Stockholders' Equity
HG
HG
ROAD
ROAD
Q1 26
$2.8B
Q4 25
$2.8B
$969.1M
Q3 25
$2.7B
$912.0M
Q2 25
$2.6B
$853.3M
Q1 25
$2.4B
$807.9M
Q4 24
$2.3B
$811.1M
Q3 24
$2.3B
$573.7M
Q2 24
$2.2B
$552.9M
Total Assets
HG
HG
ROAD
ROAD
Q1 26
$9.6B
Q4 25
$9.6B
$3.4B
Q3 25
$9.2B
$3.2B
Q2 25
$8.9B
$2.9B
Q1 25
$8.3B
$2.8B
Q4 24
$7.8B
$2.6B
Q3 24
$7.8B
$1.5B
Q2 24
$7.6B
$1.4B
Debt / Equity
HG
HG
ROAD
ROAD
Q1 26
Q4 25
0.05×
Q3 25
0.06×
1.78×
Q2 25
0.06×
Q1 25
0.06×
Q4 24
0.06×
Q3 24
0.06×
0.90×
Q2 24
0.07×

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
ROAD
ROAD
Operating Cash FlowLast quarter
$82.6M
Free Cash FlowOCF − Capex
$47.1M
FCF MarginFCF / Revenue
5.8%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
4.80×
TTM Free Cash FlowTrailing 4 quarters
$186.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HG
HG
ROAD
ROAD
Q1 26
Q4 25
$293.4M
$82.6M
Q3 25
$295.6M
$112.0M
Q2 25
$218.4M
$83.0M
Q1 25
$34.9M
$55.6M
Q4 24
$284.1M
$40.7M
Q3 24
$160.6M
$95.9M
Q2 24
$156.4M
$34.6M
Free Cash Flow
HG
HG
ROAD
ROAD
Q1 26
Q4 25
$47.1M
Q3 25
$78.9M
Q2 25
$46.4M
Q1 25
$14.2M
Q4 24
$13.8M
Q3 24
$78.4M
Q2 24
$19.7M
FCF Margin
HG
HG
ROAD
ROAD
Q1 26
Q4 25
5.8%
Q3 25
8.8%
Q2 25
5.9%
Q1 25
2.5%
Q4 24
2.5%
Q3 24
14.6%
Q2 24
3.8%
Capex Intensity
HG
HG
ROAD
ROAD
Q1 26
Q4 25
4.4%
Q3 25
3.7%
Q2 25
4.7%
Q1 25
7.2%
Q4 24
4.8%
Q3 24
3.3%
Q2 24
2.9%
Cash Conversion
HG
HG
ROAD
ROAD
Q1 26
Q4 25
1.37×
4.80×
Q3 25
1.68×
1.98×
Q2 25
0.82×
1.88×
Q1 25
0.19×
13.20×
Q4 24
3.82×
Q3 24
2.63×
3.27×
Q2 24
0.78×
1.12×

Financial Flow Comparison

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

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