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Side-by-side financial comparison of Huntington Ingalls Industries (HII) 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 $1.7B, roughly 1.0× Huntington Ingalls Industries). HANOVER INSURANCE GROUP, INC. runs the higher net margin — 11.0% vs 8.9%, a 2.0% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (13.8% vs 6.1%). Over the past eight quarters, HANOVER INSURANCE GROUP, INC.'s revenue compounded faster (5.2% CAGR vs -25.2%).
Huntington Ingalls Industries, Inc. (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII was formed on 31 March 2011, as a divestiture from Northrop Grumman.
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.
HII vs THG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.7B |
| Net Profit | $149.0M | $186.8M |
| Gross Margin | — | — |
| Operating Margin | 9.3% | 11.1% |
| Net Margin | 8.9% | 11.0% |
| Revenue YoY | 13.8% | 6.1% |
| Net Profit YoY | — | 45.7% |
| EPS (diluted) | $3.79 | — |
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 | $1.7B | ||
| Q4 25 | $3.5B | $1.7B | ||
| Q3 25 | $3.2B | $1.7B | ||
| Q2 25 | $3.1B | $1.7B | ||
| Q1 25 | $2.7B | $1.6B | ||
| Q4 24 | $3.0B | $1.6B | ||
| Q3 24 | $2.7B | $1.6B | ||
| Q2 24 | $3.0B | $1.5B |
| Q1 26 | $149.0M | $186.8M | ||
| Q4 25 | $159.0M | $198.5M | ||
| Q3 25 | $145.0M | $178.7M | ||
| Q2 25 | $152.0M | $157.1M | ||
| Q1 25 | $149.0M | $128.2M | ||
| Q4 24 | $123.0M | $167.9M | ||
| Q3 24 | $101.0M | $102.1M | ||
| Q2 24 | $173.0M | $40.5M |
| Q1 26 | 9.3% | 11.1% | ||
| Q4 25 | 4.9% | 17.3% | ||
| Q3 25 | 5.0% | 14.9% | ||
| Q2 25 | 5.3% | 12.7% | ||
| Q1 25 | 5.9% | 11.6% | ||
| Q4 24 | 3.7% | 16.1% | ||
| Q3 24 | 3.0% | 9.6% | ||
| Q2 24 | 6.3% | 6.2% |
| Q1 26 | 8.9% | 11.0% | ||
| Q4 25 | 4.6% | 11.9% | ||
| Q3 25 | 4.5% | 10.7% | ||
| Q2 25 | 4.9% | 9.5% | ||
| Q1 25 | 5.4% | 8.0% | ||
| Q4 24 | 4.1% | 10.6% | ||
| Q3 24 | 3.7% | 6.5% | ||
| Q2 24 | 5.8% | 2.6% |
| Q1 26 | $3.79 | — | ||
| Q4 25 | $4.06 | $5.46 | ||
| Q3 25 | $3.68 | $4.90 | ||
| Q2 25 | $3.86 | $4.30 | ||
| Q1 25 | $3.79 | $3.50 | ||
| Q4 24 | $3.15 | $4.60 | ||
| Q3 24 | $2.56 | $2.80 | ||
| Q2 24 | $4.38 | $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 | $216.0M | $243.5M |
| Total DebtLower is stronger | $2.7B | $843.8M |
| Stockholders' EquityBook value | $5.1B | $3.0B |
| Total Assets | $12.5B | $16.5B |
| Debt / EquityLower = less leverage | 0.52× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $216.0M | $243.5M | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $915.7M | ||
| Q2 25 | — | $244.1M | ||
| Q1 25 | — | $315.1M | ||
| Q4 24 | — | $435.5M | ||
| Q3 24 | — | $427.1M | ||
| Q2 24 | — | $337.6M |
| Q1 26 | $2.7B | $843.8M | ||
| Q4 25 | $2.7B | $843.3M | ||
| Q3 25 | — | $843.0M | ||
| Q2 25 | — | $347.8M | ||
| Q1 25 | — | $722.5M | ||
| Q4 24 | $2.7B | $722.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $5.1B | $3.0B | ||
| Q4 25 | $5.1B | $3.6B | ||
| Q3 25 | $5.0B | $3.4B | ||
| Q2 25 | $4.9B | $3.2B | ||
| Q1 25 | $4.8B | $3.0B | ||
| Q4 24 | $4.7B | $2.8B | ||
| Q3 24 | $4.2B | $2.9B | ||
| Q2 24 | $4.2B | $2.6B |
| Q1 26 | $12.5B | $16.5B | ||
| Q4 25 | $12.7B | $16.9B | ||
| Q3 25 | $12.3B | $16.8B | ||
| Q2 25 | $12.1B | $15.7B | ||
| Q1 25 | $12.1B | $15.5B | ||
| Q4 24 | $12.1B | $15.3B | ||
| Q3 24 | $11.1B | $15.4B | ||
| Q2 24 | $11.3B | $14.9B |
| Q1 26 | 0.52× | 0.28× | ||
| Q4 25 | 0.53× | 0.24× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 0.58× | 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 | $-390.0M | — |
| Free Cash FlowOCF − Capex | $-461.0M | — |
| FCF MarginFCF / Revenue | -27.7% | — |
| Capex IntensityCapex / Revenue | 4.4% | — |
| Cash ConversionOCF / Net Profit | -2.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | $795.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-390.0M | — | ||
| Q4 25 | $650.0M | $378.2M | ||
| Q3 25 | $118.0M | $554.4M | ||
| Q2 25 | $823.0M | $206.6M | ||
| Q1 25 | $-395.0M | $38.9M | ||
| Q4 24 | $391.0M | $213.5M | ||
| Q3 24 | $213.0M | $394.7M | ||
| Q2 24 | $-9.0M | $139.5M |
| Q1 26 | $-461.0M | — | ||
| Q4 25 | $516.0M | $377.0M | ||
| Q3 25 | $13.0M | $551.4M | ||
| Q2 25 | $727.0M | $204.9M | ||
| Q1 25 | $-462.0M | $37.1M | ||
| Q4 24 | $277.0M | $210.5M | ||
| Q3 24 | $125.0M | $392.3M | ||
| Q2 24 | $-99.0M | $137.3M |
| Q1 26 | -27.7% | — | ||
| Q4 25 | 14.8% | 22.6% | ||
| Q3 25 | 0.4% | 33.1% | ||
| Q2 25 | 23.6% | 12.4% | ||
| Q1 25 | -16.9% | 2.3% | ||
| Q4 24 | 9.2% | 13.3% | ||
| Q3 24 | 4.5% | 25.1% | ||
| Q2 24 | -3.3% | 8.9% |
| Q1 26 | 4.4% | — | ||
| Q4 25 | 3.9% | 0.1% | ||
| Q3 25 | 3.3% | 0.2% | ||
| Q2 25 | 3.1% | 0.1% | ||
| Q1 25 | 2.5% | 0.1% | ||
| Q4 24 | 3.8% | 0.2% | ||
| Q3 24 | 3.2% | 0.2% | ||
| Q2 24 | 3.0% | 0.1% |
| Q1 26 | -2.62× | — | ||
| Q4 25 | 4.09× | 1.91× | ||
| Q3 25 | 0.81× | 3.10× | ||
| Q2 25 | 5.41× | 1.32× | ||
| Q1 25 | -2.65× | 0.30× | ||
| Q4 24 | 3.18× | 1.27× | ||
| Q3 24 | 2.11× | 3.87× | ||
| Q2 24 | -0.05× | 3.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HII
Segment breakdown not available.
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
