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Side-by-side financial comparison of Nextpower Inc. (NXT) 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 $909.4M, roughly 1.8× Nextpower Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs 11.9%, a 2.6% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 5.5%). HANOVER INSURANCE GROUP, INC. produced more free cash flow last quarter ($377.0M vs $118.5M). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% CAGR vs 3.8%).
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
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.
NXT vs THG — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $909.4M | $1.7B |
| Net Profit | $131.2M | $198.5M |
| Gross Margin | 31.7% | — |
| Operating Margin | 19.4% | 17.3% |
| Net Margin | 14.4% | 11.9% |
| Revenue YoY | 33.9% | 5.5% |
| Net Profit YoY | 13.8% | 18.2% |
| EPS (diluted) | $0.85 | $5.46 |
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.
| Q4 25 | $909.4M | $1.7B | ||
| Q3 25 | $905.3M | $1.7B | ||
| Q2 25 | $864.3M | $1.7B | ||
| Q1 25 | $924.3M | $1.6B | ||
| Q4 24 | $679.4M | $1.6B | ||
| Q3 24 | $635.6M | $1.6B | ||
| Q2 24 | $719.9M | $1.5B | ||
| Q1 24 | $736.5M | $1.6B |
| Q4 25 | $131.2M | $198.5M | ||
| Q3 25 | $146.9M | $178.7M | ||
| Q2 25 | $157.2M | $157.1M | ||
| Q1 25 | $156.8M | $128.2M | ||
| Q4 24 | $115.3M | $167.9M | ||
| Q3 24 | $115.4M | $102.1M | ||
| Q2 24 | $121.7M | $40.5M | ||
| Q1 24 | $205.2M | $115.5M |
| Q4 25 | 31.7% | — | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 32.6% | — | ||
| Q1 25 | 33.1% | — | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 35.4% | — | ||
| Q2 24 | 33.0% | — | ||
| Q1 24 | 46.2% | — |
| Q4 25 | 19.4% | 17.3% | ||
| Q3 25 | 20.0% | 14.9% | ||
| Q2 25 | 21.5% | 12.7% | ||
| Q1 25 | 21.1% | 11.6% | ||
| Q4 24 | 22.1% | 16.1% | ||
| Q3 24 | 21.0% | 9.6% | ||
| Q2 24 | 22.2% | 6.2% | ||
| Q1 24 | 36.8% | 9.7% |
| Q4 25 | 14.4% | 11.9% | ||
| Q3 25 | 16.2% | 10.7% | ||
| Q2 25 | 18.2% | 9.5% | ||
| Q1 25 | 17.0% | 8.0% | ||
| Q4 24 | 17.0% | 10.6% | ||
| Q3 24 | 18.2% | 6.5% | ||
| Q2 24 | 16.9% | 2.6% | ||
| Q1 24 | 27.9% | 7.4% |
| Q4 25 | $0.85 | $5.46 | ||
| Q3 25 | $0.97 | $4.90 | ||
| Q2 25 | $1.04 | $4.30 | ||
| Q1 25 | $1.05 | $3.50 | ||
| Q4 24 | $0.79 | $4.60 | ||
| Q3 24 | $0.79 | $2.80 | ||
| Q2 24 | $0.84 | $1.12 | ||
| Q1 24 | $1.52 | $3.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $952.6M | $1.1B |
| Total DebtLower is stronger | — | $843.3M |
| Stockholders' EquityBook value | $2.2B | $3.6B |
| Total Assets | $3.8B | $16.9B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $952.6M | $1.1B | ||
| Q3 25 | $845.3M | $915.7M | ||
| Q2 25 | $743.4M | $244.1M | ||
| Q1 25 | $766.1M | $315.1M | ||
| Q4 24 | $693.5M | $435.5M | ||
| Q3 24 | $561.9M | $427.1M | ||
| Q2 24 | $471.9M | $337.6M | ||
| Q1 24 | $474.1M | $264.6M |
| Q4 25 | — | $843.3M | ||
| Q3 25 | — | $843.0M | ||
| Q2 25 | — | $347.8M | ||
| Q1 25 | — | $722.5M | ||
| Q4 24 | — | $722.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.2B | $3.6B | ||
| Q3 25 | $2.0B | $3.4B | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $1.6B | $3.0B | ||
| Q4 24 | $1.4B | $2.8B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.1B | $2.6B | ||
| Q1 24 | $961.0M | $2.5B |
| Q4 25 | $3.8B | $16.9B | ||
| Q3 25 | $3.7B | $16.8B | ||
| Q2 25 | $3.4B | $15.7B | ||
| Q1 25 | $3.2B | $15.5B | ||
| Q4 24 | $3.0B | $15.3B | ||
| Q3 24 | $2.8B | $15.4B | ||
| Q2 24 | $2.6B | $14.9B | ||
| Q1 24 | $2.5B | $14.6B |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $123.3M | $378.2M |
| Free Cash FlowOCF − Capex | $118.5M | $377.0M |
| FCF MarginFCF / Revenue | 13.0% | 22.6% |
| Capex IntensityCapex / Revenue | 0.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.94× | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | $587.3M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.3M | $378.2M | ||
| Q3 25 | $186.9M | $554.4M | ||
| Q2 25 | $81.3M | $206.6M | ||
| Q1 25 | $237.3M | $38.9M | ||
| Q4 24 | $143.8M | $213.5M | ||
| Q3 24 | $153.8M | $394.7M | ||
| Q2 24 | $120.8M | $139.5M | ||
| Q1 24 | $111.5M | $58.7M |
| Q4 25 | $118.5M | $377.0M | ||
| Q3 25 | $171.4M | $551.4M | ||
| Q2 25 | $70.1M | $204.9M | ||
| Q1 25 | $227.2M | $37.1M | ||
| Q4 24 | $134.9M | $210.5M | ||
| Q3 24 | $141.8M | $392.3M | ||
| Q2 24 | $118.0M | $137.3M | ||
| Q1 24 | $109.2M | $56.1M |
| Q4 25 | 13.0% | 22.6% | ||
| Q3 25 | 18.9% | 33.1% | ||
| Q2 25 | 8.1% | 12.4% | ||
| Q1 25 | 24.6% | 2.3% | ||
| Q4 24 | 19.9% | 13.3% | ||
| Q3 24 | 22.3% | 25.1% | ||
| Q2 24 | 16.4% | 8.9% | ||
| Q1 24 | 14.8% | 3.6% |
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 1.7% | 0.2% | ||
| Q2 25 | 1.3% | 0.1% | ||
| Q1 25 | 1.1% | 0.1% | ||
| Q4 24 | 1.3% | 0.2% | ||
| Q3 24 | 1.9% | 0.2% | ||
| Q2 24 | 0.4% | 0.1% | ||
| Q1 24 | 0.3% | 0.2% |
| Q4 25 | 0.94× | 1.91× | ||
| Q3 25 | 1.27× | 3.10× | ||
| Q2 25 | 0.52× | 1.32× | ||
| Q1 25 | 1.51× | 0.30× | ||
| Q4 24 | 1.25× | 1.27× | ||
| Q3 24 | 1.33× | 3.87× | ||
| Q2 24 | 0.99× | 3.44× | ||
| Q1 24 | 0.54× | 0.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
THG
| Personal Lines Segment | $684.6M | 41% |
| Core Commercial Lines Segment | $617.8M | 37% |
| Specialty Lines Segment | $377.9M | 23% |
