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Side-by-side financial comparison of Hubbell Incorporated (HUBB) 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 $1.5B, roughly 1.1× Hubbell Incorporated). Hubbell Incorporated runs the higher net margin — 14.6% vs 11.0%, a 3.6% gap on every dollar of revenue. On growth, Hubbell Incorporated posted the faster year-over-year revenue change (11.9% vs 6.1%). Over the past eight quarters, HANOVER INSURANCE GROUP, INC.'s revenue compounded faster (5.2% CAGR vs 3.3%).
Hubbell Incorporated, headquartered in Shelton, Connecticut, is an American company that designs, manufactures, and sells electrical and electronic products for non-residential and residential construction, industrial, and utility applications. Hubbell was founded by Harvey Hubbell as a proprietorship in 1888, and was incorporated in Connecticut in 1905.
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.
HUBB vs THG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.7B |
| Net Profit | $217.7M | $186.8M |
| Gross Margin | 34.6% | — |
| Operating Margin | 20.3% | 11.1% |
| Net Margin | 14.6% | 11.0% |
| Revenue YoY | 11.9% | 6.1% |
| Net Profit YoY | 10.5% | 45.7% |
| EPS (diluted) | $4.06 | — |
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 | $1.5B | $1.7B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.5B | $1.5B |
| Q1 26 | — | $186.8M | ||
| Q4 25 | $217.7M | $198.5M | ||
| Q3 25 | $255.5M | $178.7M | ||
| Q2 25 | $244.2M | $157.1M | ||
| Q1 25 | $169.7M | $128.2M | ||
| Q4 24 | $197.0M | $167.9M | ||
| Q3 24 | $219.4M | $102.1M | ||
| Q2 24 | $213.6M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | 34.6% | — | ||
| Q3 25 | 36.2% | — | ||
| Q2 25 | 37.2% | — | ||
| Q1 25 | 33.1% | — | ||
| Q4 24 | 33.8% | — | ||
| Q3 24 | 34.5% | — | ||
| Q2 24 | 35.0% | — |
| Q1 26 | — | 11.1% | ||
| Q4 25 | 20.3% | 17.3% | ||
| Q3 25 | 22.0% | 14.9% | ||
| Q2 25 | 22.7% | 12.7% | ||
| Q1 25 | 17.5% | 11.6% | ||
| Q4 24 | 19.3% | 16.1% | ||
| Q3 24 | 21.1% | 9.6% | ||
| Q2 24 | 20.7% | 6.2% |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 14.6% | 11.9% | ||
| Q3 25 | 17.0% | 10.7% | ||
| Q2 25 | 16.5% | 9.5% | ||
| Q1 25 | 12.4% | 8.0% | ||
| Q4 24 | 14.8% | 10.6% | ||
| Q3 24 | 15.2% | 6.5% | ||
| Q2 24 | 14.7% | 2.6% |
| Q1 26 | — | — | ||
| Q4 25 | $4.06 | $5.46 | ||
| Q3 25 | $4.77 | $4.90 | ||
| Q2 25 | $4.56 | $4.30 | ||
| Q1 25 | $3.15 | $3.50 | ||
| Q4 24 | $3.65 | $4.60 | ||
| Q3 24 | $4.05 | $2.80 | ||
| Q2 24 | $3.94 | $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 | $497.9M | $243.5M |
| Total DebtLower is stronger | — | $843.8M |
| Stockholders' EquityBook value | $3.8B | $3.0B |
| Total Assets | $8.2B | $16.5B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $243.5M | ||
| Q4 25 | $497.9M | $1.1B | ||
| Q3 25 | $680.9M | $915.7M | ||
| Q2 25 | $399.6M | $244.1M | ||
| Q1 25 | $360.3M | $315.1M | ||
| Q4 24 | $345.0M | $435.5M | ||
| Q3 24 | $445.6M | $427.1M | ||
| Q2 24 | $406.5M | $337.6M |
| Q1 26 | — | $843.8M | ||
| Q4 25 | — | $843.3M | ||
| Q3 25 | $1.4B | $843.0M | ||
| Q2 25 | $1.4B | $347.8M | ||
| Q1 25 | $1.4B | $722.5M | ||
| Q4 24 | $1.4B | $722.3M | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $3.8B | $3.6B | ||
| Q3 25 | $3.7B | $3.4B | ||
| Q2 25 | $3.5B | $3.2B | ||
| Q1 25 | $3.3B | $3.0B | ||
| Q4 24 | $3.3B | $2.8B | ||
| Q3 24 | $3.2B | $2.9B | ||
| Q2 24 | $3.1B | $2.6B |
| Q1 26 | — | $16.5B | ||
| Q4 25 | $8.2B | $16.9B | ||
| Q3 25 | $7.5B | $16.8B | ||
| Q2 25 | $7.1B | $15.7B | ||
| Q1 25 | $6.9B | $15.5B | ||
| Q4 24 | $6.7B | $15.3B | ||
| Q3 24 | $6.9B | $15.4B | ||
| Q2 24 | $6.9B | $14.9B |
| Q1 26 | — | 0.28× | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | 0.39× | 0.25× | ||
| Q2 25 | 0.41× | 0.11× | ||
| Q1 25 | 0.44× | 0.24× | ||
| Q4 24 | 0.44× | 0.25× | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.63× | — |
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 | $447.5M | — |
| Free Cash FlowOCF − Capex | $388.8M | — |
| FCF MarginFCF / Revenue | 26.0% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | 2.06× | — |
| TTM Free Cash FlowTrailing 4 quarters | $874.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $447.5M | $378.2M | ||
| Q3 25 | $284.3M | $554.4M | ||
| Q2 25 | $260.6M | $206.6M | ||
| Q1 25 | $37.4M | $38.9M | ||
| Q4 24 | $432.4M | $213.5M | ||
| Q3 24 | $227.0M | $394.7M | ||
| Q2 24 | $239.6M | $139.5M |
| Q1 26 | — | — | ||
| Q4 25 | $388.8M | $377.0M | ||
| Q3 25 | $253.8M | $551.4M | ||
| Q2 25 | $220.7M | $204.9M | ||
| Q1 25 | $11.4M | $37.1M | ||
| Q4 24 | $364.4M | $210.5M | ||
| Q3 24 | $188.8M | $392.3M | ||
| Q2 24 | $205.7M | $137.3M |
| Q1 26 | — | — | ||
| Q4 25 | 26.0% | 22.6% | ||
| Q3 25 | 16.9% | 33.1% | ||
| Q2 25 | 14.9% | 12.4% | ||
| Q1 25 | 0.8% | 2.3% | ||
| Q4 24 | 27.3% | 13.3% | ||
| Q3 24 | 13.1% | 25.1% | ||
| Q2 24 | 14.2% | 8.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 0.1% | ||
| Q3 25 | 2.0% | 0.2% | ||
| Q2 25 | 2.7% | 0.1% | ||
| Q1 25 | 1.9% | 0.1% | ||
| Q4 24 | 5.1% | 0.2% | ||
| Q3 24 | 2.6% | 0.2% | ||
| Q2 24 | 2.3% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.06× | 1.91× | ||
| Q3 25 | 1.11× | 3.10× | ||
| Q2 25 | 1.07× | 1.32× | ||
| Q1 25 | 0.22× | 0.30× | ||
| Q4 24 | 2.19× | 1.27× | ||
| Q3 24 | 1.03× | 3.87× | ||
| Q2 24 | 1.12× | 3.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HUBB
| Grid Infrastructure | $717.0M | 48% |
| Industrial | $393.7M | 26% |
| Grid Automation | $218.9M | 15% |
| Electrical Products | $163.1M | 11% |
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
