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Side-by-side financial comparison of QVC Group, Inc. (QVCGA) and HANOVER INSURANCE GROUP, INC. (THG). Click either name above to swap in a different company.
QVC Group, Inc. is the larger business by last-quarter revenue ($2.7B vs $1.7B, roughly 1.6× HANOVER INSURANCE GROUP, INC.). HANOVER INSURANCE GROUP, INC. runs the higher net margin — 11.9% vs -1.4%, a 13.3% gap on every dollar of revenue. On growth, HANOVER INSURANCE GROUP, INC. posted the faster year-over-year revenue change (5.5% vs -9.1%). HANOVER INSURANCE GROUP, INC. produced more free cash flow last quarter ($377.0M vs $191.0M). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% CAGR vs 3.8%).
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
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.
QVCGA vs THG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $1.7B |
| Net Profit | $-37.0M | $198.5M |
| Gross Margin | 32.9% | — |
| Operating Margin | 3.7% | 17.3% |
| Net Margin | -1.4% | 11.9% |
| Revenue YoY | -9.1% | 5.5% |
| Net Profit YoY | 97.1% | 18.2% |
| EPS (diluted) | $-17.37 | $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 | $2.7B | $1.7B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.2B | $1.7B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.9B | $1.6B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.4B | $1.5B | ||
| Q1 24 | $2.3B | $1.6B |
| Q4 25 | $-37.0M | $198.5M | ||
| Q3 25 | $-80.0M | $178.7M | ||
| Q2 25 | $-2.2B | $157.1M | ||
| Q1 25 | $-100.0M | $128.2M | ||
| Q4 24 | $-1.3B | $167.9M | ||
| Q3 24 | $-23.0M | $102.1M | ||
| Q2 24 | $20.0M | $40.5M | ||
| Q1 24 | $-1.0M | $115.5M |
| Q4 25 | 32.9% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 36.4% | — | ||
| Q1 25 | 34.2% | — | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 35.3% | — | ||
| Q2 24 | 36.4% | — | ||
| Q1 24 | 35.5% | — |
| Q4 25 | 3.7% | 17.3% | ||
| Q3 25 | 2.7% | 14.9% | ||
| Q2 25 | -101.6% | 12.7% | ||
| Q1 25 | 0.7% | 11.6% | ||
| Q4 24 | -43.2% | 16.1% | ||
| Q3 24 | 6.5% | 9.6% | ||
| Q2 24 | 6.9% | 6.2% | ||
| Q1 24 | 6.2% | 9.7% |
| Q4 25 | -1.4% | 11.9% | ||
| Q3 25 | -3.6% | 10.7% | ||
| Q2 25 | -99.4% | 9.5% | ||
| Q1 25 | -4.8% | 8.0% | ||
| Q4 24 | -43.7% | 10.6% | ||
| Q3 24 | -1.0% | 6.5% | ||
| Q2 24 | 0.8% | 2.6% | ||
| Q1 24 | -0.0% | 7.4% |
| Q4 25 | $-17.37 | $5.46 | ||
| Q3 25 | $-9.89 | $4.90 | ||
| Q2 25 | $-275.46 | $4.30 | ||
| Q1 25 | $-0.25 | $3.50 | ||
| Q4 24 | — | $4.60 | ||
| Q3 24 | $-0.06 | $2.80 | ||
| Q2 24 | $2.57 | $1.12 | ||
| Q1 24 | — | $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 | $2.0B | $1.1B |
| Total DebtLower is stronger | $790.0M | $843.3M |
| Stockholders' EquityBook value | $-3.1B | $3.6B |
| Total Assets | $7.6B | $16.9B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $1.8B | $915.7M | ||
| Q2 25 | $897.0M | $244.1M | ||
| Q1 25 | $833.0M | $315.1M | ||
| Q4 24 | $905.0M | $435.5M | ||
| Q3 24 | $873.0M | $427.1M | ||
| Q2 24 | $1.2B | $337.6M | ||
| Q1 24 | $1.1B | $264.6M |
| Q4 25 | $790.0M | $843.3M | ||
| Q3 25 | $5.9B | $843.0M | ||
| Q2 25 | $4.9B | $347.8M | ||
| Q1 25 | $5.0B | $722.5M | ||
| Q4 24 | $4.1B | $722.3M | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.5B | — |
| Q4 25 | $-3.1B | $3.6B | ||
| Q3 25 | $-3.1B | $3.4B | ||
| Q2 25 | $-3.0B | $3.2B | ||
| Q1 25 | $-981.0M | $3.0B | ||
| Q4 24 | $-971.0M | $2.8B | ||
| Q3 24 | $397.0M | $2.9B | ||
| Q2 24 | $328.0M | $2.6B | ||
| Q1 24 | $255.0M | $2.5B |
| Q4 25 | $7.6B | $16.9B | ||
| Q3 25 | $7.6B | $16.8B | ||
| Q2 25 | $6.7B | $15.7B | ||
| Q1 25 | $9.0B | $15.5B | ||
| Q4 24 | $9.2B | $15.3B | ||
| Q3 24 | $10.8B | $15.4B | ||
| Q2 24 | $10.9B | $14.9B | ||
| Q1 24 | $11.0B | $14.6B |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | 12.74× | — | ||
| Q2 24 | 16.28× | — | ||
| Q1 24 | 21.53× | — |
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 | $244.0M | $378.2M |
| Free Cash FlowOCF − Capex | $191.0M | $377.0M |
| FCF MarginFCF / Revenue | 7.1% | 22.6% |
| Capex IntensityCapex / Revenue | 2.0% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | $118.0M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $244.0M | $378.2M | ||
| Q3 25 | $4.0M | $554.4M | ||
| Q2 25 | $86.0M | $206.6M | ||
| Q1 25 | $-60.0M | $38.9M | ||
| Q4 24 | $212.0M | $213.5M | ||
| Q3 24 | $20.0M | $394.7M | ||
| Q2 24 | $267.0M | $139.5M | ||
| Q1 24 | $26.0M | $58.7M |
| Q4 25 | $191.0M | $377.0M | ||
| Q3 25 | $-27.0M | $551.4M | ||
| Q2 25 | $48.0M | $204.9M | ||
| Q1 25 | $-94.0M | $37.1M | ||
| Q4 24 | $150.0M | $210.5M | ||
| Q3 24 | $-23.0M | $392.3M | ||
| Q2 24 | $213.0M | $137.3M | ||
| Q1 24 | $-14.0M | $56.1M |
| Q4 25 | 7.1% | 22.6% | ||
| Q3 25 | -1.2% | 33.1% | ||
| Q2 25 | 2.1% | 12.4% | ||
| Q1 25 | -4.5% | 2.3% | ||
| Q4 24 | 5.1% | 13.3% | ||
| Q3 24 | -1.0% | 25.1% | ||
| Q2 24 | 8.8% | 8.9% | ||
| Q1 24 | -0.6% | 3.6% |
| Q4 25 | 2.0% | 0.1% | ||
| Q3 25 | 1.4% | 0.2% | ||
| Q2 25 | 1.7% | 0.1% | ||
| Q1 25 | 1.6% | 0.1% | ||
| Q4 24 | 2.1% | 0.2% | ||
| Q3 24 | 1.8% | 0.2% | ||
| Q2 24 | 2.2% | 0.1% | ||
| Q1 24 | 1.7% | 0.2% |
| Q4 25 | — | 1.91× | ||
| Q3 25 | — | 3.10× | ||
| Q2 25 | — | 1.32× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | 13.35× | 3.44× | ||
| Q1 24 | — | 0.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
THG
| Personal Lines Segment | $684.6M | 41% |
| Core Commercial Lines Segment | $617.8M | 37% |
| Specialty Lines Segment | $377.9M | 23% |
