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Side-by-side financial comparison of PLEXUS CORP (PLXS) 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 $1.2B, roughly 1.5× PLEXUS CORP). HANOVER INSURANCE GROUP, INC. runs the higher net margin — 11.0% vs 4.3%, a 6.7% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs 6.1%). Over the past eight quarters, PLEXUS CORP's revenue compounded faster (7.2% CAGR vs 5.2%).
Plex Systems, Inc. is an American software company based in Troy, Michigan. The company develops and markets the Plex Manufacturing Cloud, a software as a service (SaaS) or cloud computing ERP for manufacturing.
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.
PLXS vs THG — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.7B |
| Net Profit | $49.8M | $186.8M |
| Gross Margin | 10.2% | — |
| Operating Margin | 5.3% | 11.1% |
| Net Margin | 4.3% | 11.0% |
| Revenue YoY | 18.7% | 6.1% |
| Net Profit YoY | 27.5% | 45.7% |
| EPS (diluted) | $1.82 | — |
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 | $1.1B | $1.7B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | $41.2M | $186.8M | ||
| Q4 25 | — | $198.5M | ||
| Q3 25 | — | $178.7M | ||
| Q2 25 | — | $157.1M | ||
| Q1 25 | — | $128.2M | ||
| Q4 24 | — | $167.9M | ||
| Q3 24 | — | $102.1M | ||
| Q2 24 | — | $40.5M |
| Q1 26 | 9.9% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 5.1% | 11.1% | ||
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | 6.2% |
| Q1 26 | 3.8% | 11.0% | ||
| Q4 25 | — | 11.9% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | — | 2.6% |
| Q1 26 | $1.51 | — | ||
| Q4 25 | — | $5.46 | ||
| Q3 25 | — | $4.90 | ||
| Q2 25 | — | $4.30 | ||
| Q1 25 | — | $3.50 | ||
| Q4 24 | — | $4.60 | ||
| Q3 24 | — | $2.80 | ||
| Q2 24 | — | $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 | $303.1M | $243.5M |
| Total DebtLower is stronger | — | $843.8M |
| Stockholders' EquityBook value | $1.5B | $3.0B |
| Total Assets | $3.4B | $16.5B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $248.8M | $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 | — | $843.8M | ||
| 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 26 | $1.5B | $3.0B | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.6B |
| Q1 26 | $3.2B | $16.5B | ||
| Q4 25 | — | $16.9B | ||
| Q3 25 | — | $16.8B | ||
| Q2 25 | — | $15.7B | ||
| Q1 25 | — | $15.5B | ||
| Q4 24 | — | $15.3B | ||
| Q3 24 | — | $15.4B | ||
| Q2 24 | — | $14.9B |
| Q1 26 | — | 0.28× | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PLXS
| Asia-Pacific | $652.0M | 56% |
| Americas | $397.0M | 34% |
| Europe, Middle East and Africa | $116.0M | 10% |
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
