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Side-by-side financial comparison of Roper Technologies (ROP) and HANOVER INSURANCE GROUP, INC. (THG). Click either name above to swap in a different company.
Roper Technologies is the larger business by last-quarter revenue ($2.1B vs $1.7B, roughly 1.2× HANOVER INSURANCE GROUP, INC.). Roper Technologies runs the higher net margin — 15.8% vs 11.0%, a 4.8% gap on every dollar of revenue. On growth, Roper Technologies posted the faster year-over-year revenue change (11.3% vs 6.1%). Over the past eight quarters, Roper Technologies's revenue compounded faster (10.5% CAGR vs 5.2%).
Roper Technologies, Inc. is a holding company that owns companies in the technology sector.
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.
ROP vs THG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.7B |
| Net Profit | $331.0M | $186.8M |
| Gross Margin | 69.4% | — |
| Operating Margin | 27.2% | 11.1% |
| Net Margin | 15.8% | 11.0% |
| Revenue YoY | 11.3% | 6.1% |
| Net Profit YoY | 53.7% | 45.7% |
| EPS (diluted) | $4.87 | — |
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 | $2.1B | $1.7B | ||
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.9B | $1.6B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.7B | $1.5B |
| Q1 26 | $331.0M | $186.8M | ||
| Q4 25 | $428.4M | $198.5M | ||
| Q3 25 | $398.5M | $178.7M | ||
| Q2 25 | $378.3M | $157.1M | ||
| Q1 25 | $331.1M | $128.2M | ||
| Q4 24 | $462.3M | $167.9M | ||
| Q3 24 | $367.9M | $102.1M | ||
| Q2 24 | $337.1M | $40.5M |
| Q1 26 | 69.4% | — | ||
| Q4 25 | 69.5% | — | ||
| Q3 25 | 69.5% | — | ||
| Q2 25 | 69.2% | — | ||
| Q1 25 | 68.7% | — | ||
| Q4 24 | 68.3% | — | ||
| Q3 24 | 69.2% | — | ||
| Q2 24 | 69.5% | — |
| Q1 26 | 27.2% | 11.1% | ||
| Q4 25 | 28.6% | 17.3% | ||
| Q3 25 | 28.4% | 14.9% | ||
| Q2 25 | 28.2% | 12.7% | ||
| Q1 25 | 27.9% | 11.6% | ||
| Q4 24 | 28.0% | 16.1% | ||
| Q3 24 | 28.1% | 9.6% | ||
| Q2 24 | 28.8% | 6.2% |
| Q1 26 | 15.8% | 11.0% | ||
| Q4 25 | 20.8% | 11.9% | ||
| Q3 25 | 19.8% | 10.7% | ||
| Q2 25 | 19.5% | 9.5% | ||
| Q1 25 | 17.6% | 8.0% | ||
| Q4 24 | 24.6% | 10.6% | ||
| Q3 24 | 20.8% | 6.5% | ||
| Q2 24 | 19.6% | 2.6% |
| Q1 26 | $4.87 | — | ||
| Q4 25 | $3.97 | $5.46 | ||
| Q3 25 | $3.68 | $4.90 | ||
| Q2 25 | $3.49 | $4.30 | ||
| Q1 25 | $3.06 | $3.50 | ||
| Q4 24 | $4.29 | $4.60 | ||
| Q3 24 | $3.40 | $2.80 | ||
| Q2 24 | $3.12 | $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 | $382.9M | $243.5M |
| Total DebtLower is stronger | $9.7B | $843.8M |
| Stockholders' EquityBook value | $18.8B | $3.0B |
| Total Assets | $34.6B | $16.5B |
| Debt / EquityLower = less leverage | 0.52× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $382.9M | $243.5M | ||
| Q4 25 | $297.4M | $1.1B | ||
| Q3 25 | $320.0M | $915.7M | ||
| Q2 25 | $242.4M | $244.1M | ||
| Q1 25 | $372.8M | $315.1M | ||
| Q4 24 | $188.2M | $435.5M | ||
| Q3 24 | $269.6M | $427.1M | ||
| Q2 24 | $251.5M | $337.6M |
| Q1 26 | $9.7B | $843.8M | ||
| Q4 25 | $9.3B | $843.3M | ||
| Q3 25 | — | $843.0M | ||
| Q2 25 | — | $347.8M | ||
| Q1 25 | — | $722.5M | ||
| Q4 24 | $7.6B | $722.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $18.8B | $3.0B | ||
| Q4 25 | $19.9B | $3.6B | ||
| Q3 25 | $20.0B | $3.4B | ||
| Q2 25 | $19.6B | $3.2B | ||
| Q1 25 | $19.2B | $3.0B | ||
| Q4 24 | $18.9B | $2.8B | ||
| Q3 24 | $18.5B | $2.9B | ||
| Q2 24 | $18.1B | $2.6B |
| Q1 26 | $34.6B | $16.5B | ||
| Q4 25 | $34.6B | $16.9B | ||
| Q3 25 | $34.6B | $16.8B | ||
| Q2 25 | $33.2B | $15.7B | ||
| Q1 25 | $31.4B | $15.5B | ||
| Q4 24 | $31.3B | $15.3B | ||
| Q3 24 | $31.6B | $15.4B | ||
| Q2 24 | $29.8B | $14.9B |
| Q1 26 | 0.52× | 0.28× | ||
| Q4 25 | 0.47× | 0.24× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 0.40× | 0.25× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | — |
| Free Cash FlowOCF − Capex | $507.0M | — |
| FCF MarginFCF / Revenue | 24.2% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $738.0M | $378.2M | ||
| Q3 25 | $869.5M | $554.4M | ||
| Q2 25 | $404.1M | $206.6M | ||
| Q1 25 | $528.7M | $38.9M | ||
| Q4 24 | $722.2M | $213.5M | ||
| Q3 24 | $755.4M | $394.7M | ||
| Q2 24 | $384.1M | $139.5M |
| Q1 26 | $507.0M | — | ||
| Q4 25 | — | $377.0M | ||
| Q3 25 | — | $551.4M | ||
| Q2 25 | — | $204.9M | ||
| Q1 25 | — | $37.1M | ||
| Q4 24 | — | $210.5M | ||
| Q3 24 | — | $392.3M | ||
| Q2 24 | — | $137.3M |
| Q1 26 | 24.2% | — | ||
| Q4 25 | — | 22.6% | ||
| Q3 25 | — | 33.1% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | — | 8.9% |
| Q1 26 | 0.5% | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.72× | 1.91× | ||
| Q3 25 | 2.18× | 3.10× | ||
| Q2 25 | 1.07× | 1.32× | ||
| Q1 25 | 1.60× | 0.30× | ||
| Q4 24 | 1.56× | 1.27× | ||
| Q3 24 | 2.05× | 3.87× | ||
| Q2 24 | 1.14× | 3.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ROP
Segment breakdown not available.
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
