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Side-by-side financial comparison of HORACE MANN EDUCATORS CORP (HMN) and Dave & Buster's Entertainment, Inc. (PLAY). Click either name above to swap in a different company.

Dave & Buster's Entertainment, Inc. is the larger business by last-quarter revenue ($448.2M vs $434.8M, roughly 1.0× HORACE MANN EDUCATORS CORP). On growth, HORACE MANN EDUCATORS CORP posted the faster year-over-year revenue change (6.3% vs -1.1%). Over the past eight quarters, HORACE MANN EDUCATORS CORP's revenue compounded faster (6.1% CAGR vs -13.5%).

Horace Mann is an Illinois-based auto, property, supplemental and life insurance, as well as financial services company that focuses on retirement annuities and mutual funds. Horace Mann primarily works with educators and their families.

Dave & Buster's Entertainment, Inc. is an American restaurant and entertainment business headquartered in Dallas. Each Dave & Buster's location has a full-service restaurant, full bar, and a video arcade, the latter of which is known as the "Million Dollar Midway". As of February 2024, the company has 158 locations in the United States, as well as two in Puerto Rico and two in Canada.

HMN vs PLAY — Head-to-Head

Bigger by revenue
PLAY
PLAY
1.0× larger
PLAY
$448.2M
$434.8M
HMN
Growing faster (revenue YoY)
HMN
HMN
+7.4% gap
HMN
6.3%
-1.1%
PLAY
Faster 2-yr revenue CAGR
HMN
HMN
Annualised
HMN
6.1%
-13.5%
PLAY

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
HMN
HMN
PLAY
PLAY
Revenue
$434.8M
$448.2M
Net Profit
$-42.1M
Gross Margin
85.8%
Operating Margin
10.5%
-3.6%
Net Margin
-9.4%
Revenue YoY
6.3%
-1.1%
Net Profit YoY
-28.7%
EPS (diluted)
$0.87
$-1.22

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
HMN
HMN
PLAY
PLAY
Q4 25
$434.8M
$448.2M
Q3 25
$438.5M
$557.4M
Q2 25
$411.7M
$567.7M
Q1 25
$416.4M
$534.5M
Q4 24
$409.0M
$453.0M
Q3 24
$412.1M
$557.1M
Q2 24
$388.1M
$588.1M
Q1 24
$386.0M
$599.0M
Net Profit
HMN
HMN
PLAY
PLAY
Q4 25
$-42.1M
Q3 25
$58.3M
$11.4M
Q2 25
$29.4M
$21.7M
Q1 25
$38.2M
$9.3M
Q4 24
$-32.7M
Q3 24
$34.3M
$40.3M
Q2 24
$3.8M
$41.4M
Q1 24
$26.5M
$36.1M
Gross Margin
HMN
HMN
PLAY
PLAY
Q4 25
85.8%
Q3 25
86.3%
Q2 25
85.5%
Q1 25
85.5%
Q4 24
85.0%
Q3 24
85.3%
Q2 24
85.2%
Q1 24
84.1%
Operating Margin
HMN
HMN
PLAY
PLAY
Q4 25
10.5%
-3.6%
Q3 25
16.3%
9.5%
Q2 25
8.9%
11.1%
Q1 25
11.4%
8.3%
Q4 24
11.8%
1.4%
Q3 24
10.4%
15.2%
Q2 24
1.2%
14.5%
Q1 24
8.5%
14.9%
Net Margin
HMN
HMN
PLAY
PLAY
Q4 25
-9.4%
Q3 25
13.3%
2.0%
Q2 25
7.1%
3.8%
Q1 25
9.2%
1.7%
Q4 24
-7.2%
Q3 24
8.3%
7.2%
Q2 24
1.0%
7.0%
Q1 24
6.9%
6.0%
EPS (diluted)
HMN
HMN
PLAY
PLAY
Q4 25
$0.87
$-1.22
Q3 25
$1.40
$0.32
Q2 25
$0.71
$0.62
Q1 25
$0.92
$0.32
Q4 24
$0.92
$-0.84
Q3 24
$0.83
$0.99
Q2 24
$0.09
$0.99
Q1 24
$0.64
$0.95

Balance Sheet & Financial Strength

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

Metric
HMN
HMN
PLAY
PLAY
Cash + ST InvestmentsLiquidity on hand
$27.5M
$13.6M
Total DebtLower is stronger
$593.4M
$1.6B
Stockholders' EquityBook value
$1.5B
$130.8M
Total Assets
$15.3B
$4.1B
Debt / EquityLower = less leverage
0.40×
12.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HMN
HMN
PLAY
PLAY
Q4 25
$27.5M
$13.6M
Q3 25
$46.7M
$12.0M
Q2 25
$11.9M
Q1 25
$6.9M
Q4 24
$38.1M
$8.6M
Q3 24
$13.1M
Q2 24
$32.1M
Q1 24
$37.3M
Total Debt
HMN
HMN
PLAY
PLAY
Q4 25
$593.4M
$1.6B
Q3 25
$842.9M
$1.6B
Q2 25
$547.5M
$1.6B
Q1 25
$547.2M
$1.5B
Q4 24
$547.0M
$1.5B
Q3 24
$546.7M
$1.3B
Q2 24
$546.5M
$1.3B
Q1 24
$546.2M
$1.3B
Stockholders' Equity
HMN
HMN
PLAY
PLAY
Q4 25
$1.5B
$130.8M
Q3 25
$1.4B
$166.2M
Q2 25
$1.4B
$146.8M
Q1 25
$1.3B
$145.8M
Q4 24
$1.3B
$226.6M
Q3 24
$1.3B
$284.4M
Q2 24
$1.2B
$292.5M
Q1 24
$1.2B
$251.2M
Total Assets
HMN
HMN
PLAY
PLAY
Q4 25
$15.3B
$4.1B
Q3 25
$15.5B
$4.1B
Q2 25
$14.7B
$4.1B
Q1 25
$14.4B
$4.0B
Q4 24
$14.5B
$3.9B
Q3 24
$14.7B
$3.8B
Q2 24
$14.3B
$3.8B
Q1 24
$14.2B
$3.8B
Debt / Equity
HMN
HMN
PLAY
PLAY
Q4 25
0.40×
12.17×
Q3 25
0.58×
9.57×
Q2 25
0.40×
10.98×
Q1 25
0.41×
10.45×
Q4 24
0.42×
6.58×
Q3 24
0.42×
4.72×
Q2 24
0.45×
4.58×
Q1 24
0.45×
5.33×

Cash Flow & Capital Efficiency

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

Metric
HMN
HMN
PLAY
PLAY
Operating Cash FlowLast quarter
$553.2M
$58.0M
Free Cash FlowOCF − Capex
$-20.6M
FCF MarginFCF / Revenue
-4.6%
Capex IntensityCapex / Revenue
17.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-195.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HMN
HMN
PLAY
PLAY
Q4 25
$553.2M
$58.0M
Q3 25
$151.2M
$34.0M
Q2 25
$131.3M
$95.8M
Q1 25
$140.8M
$108.9M
Q4 24
$452.1M
$-7.2M
Q3 24
$143.9M
$101.8M
Q2 24
$40.2M
$108.8M
Q1 24
$74.5M
$97.2M
Free Cash Flow
HMN
HMN
PLAY
PLAY
Q4 25
$-20.6M
Q3 25
$-55.2M
Q2 25
$-58.8M
Q1 25
$-61.0M
Q4 24
$-138.4M
Q3 24
$-14.3M
Q2 24
$-4.2M
Q1 24
$-25.4M
FCF Margin
HMN
HMN
PLAY
PLAY
Q4 25
-4.6%
Q3 25
-9.9%
Q2 25
-10.4%
Q1 25
-11.4%
Q4 24
-30.6%
Q3 24
-2.6%
Q2 24
-0.7%
Q1 24
-4.2%
Capex Intensity
HMN
HMN
PLAY
PLAY
Q4 25
17.5%
Q3 25
16.0%
Q2 25
27.2%
Q1 25
31.8%
Q4 24
29.0%
Q3 24
20.8%
Q2 24
19.2%
Q1 24
20.5%
Cash Conversion
HMN
HMN
PLAY
PLAY
Q4 25
Q3 25
2.59×
2.98×
Q2 25
4.47×
4.41×
Q1 25
3.69×
11.71×
Q4 24
Q3 24
4.20×
2.53×
Q2 24
10.58×
2.63×
Q1 24
2.81×
2.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HMN
HMN

Property And Casualty$224.3M52%
Life And Retirement$139.6M32%
Supplemental And Group Benefits$77.0M18%

PLAY
PLAY

Game Play Credit Usage$273.1M61%
Food And Nonalcoholic Beverages$115.1M26%
Alcoholic Beverage$53.7M12%
Other Entertainment$6.3M1%
Gift Card Revenue$3.5M1%

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