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Side-by-side financial comparison of Snap-on (SNA) 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 1.4× Snap-on). Snap-on runs the higher net margin — 21.3% vs 11.0%, a 10.3% gap on every dollar of revenue. On growth, HANOVER INSURANCE GROUP, INC. posted the faster year-over-year revenue change (6.1% vs 2.7%). Over the past eight quarters, HANOVER INSURANCE GROUP, INC.'s revenue compounded faster (5.2% CAGR vs 2.0%).
Snap-on Incorporated is an American designer, manufacturer, and marketer of high-end tools and equipment for professional use in the transportation industry, including the automotive, heavy duty, equipment, marine, aviation, and railroad industries. Headquartered in Kenosha, Wisconsin, since 1930, Snap-on also distributes lower-end tools under the brand name Blue-Point. Their primary competitors include Matco, Mac Tools, and Cornwell Tools.
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.
SNA vs THG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.7B |
| Net Profit | $260.7M | $186.8M |
| Gross Margin | — | — |
| Operating Margin | 27.8% | 11.1% |
| Net Margin | 21.3% | 11.0% |
| Revenue YoY | 2.7% | 6.1% |
| Net Profit YoY | 1.0% | 45.7% |
| EPS (diluted) | $4.94 | — |
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 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.2B | $1.5B |
| Q1 26 | — | $186.8M | ||
| Q4 25 | $260.7M | $198.5M | ||
| Q3 25 | $265.4M | $178.7M | ||
| Q2 25 | $250.3M | $157.1M | ||
| Q1 25 | $240.5M | $128.2M | ||
| Q4 24 | $258.1M | $167.9M | ||
| Q3 24 | $251.1M | $102.1M | ||
| Q2 24 | $271.2M | $40.5M |
| Q1 26 | — | 11.1% | ||
| Q4 25 | 27.8% | 17.3% | ||
| Q3 25 | 29.4% | 14.9% | ||
| Q2 25 | 28.0% | 12.7% | ||
| Q1 25 | 27.7% | 11.6% | ||
| Q4 24 | 27.9% | 16.1% | ||
| Q3 24 | 28.4% | 9.6% | ||
| Q2 24 | 29.9% | 6.2% |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 21.3% | 11.9% | ||
| Q3 25 | 22.5% | 10.7% | ||
| Q2 25 | 21.4% | 9.5% | ||
| Q1 25 | 21.2% | 8.0% | ||
| Q4 24 | 21.7% | 10.6% | ||
| Q3 24 | 22.0% | 6.5% | ||
| Q2 24 | 23.1% | 2.6% |
| Q1 26 | — | — | ||
| Q4 25 | $4.94 | $5.46 | ||
| Q3 25 | $5.02 | $4.90 | ||
| Q2 25 | $4.72 | $4.30 | ||
| Q1 25 | $4.51 | $3.50 | ||
| Q4 24 | $4.83 | $4.60 | ||
| Q3 24 | $4.70 | $2.80 | ||
| Q2 24 | $5.07 | $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 | — | $243.5M |
| Total DebtLower is stronger | — | $843.8M |
| Stockholders' EquityBook value | — | $3.0B |
| Total Assets | — | $16.5B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $243.5M | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.5B | $915.7M | ||
| Q2 25 | $1.5B | $244.1M | ||
| Q1 25 | $1.4B | $315.1M | ||
| Q4 24 | $1.4B | $435.5M | ||
| Q3 24 | $1.3B | $427.1M | ||
| Q2 24 | $1.2B | $337.6M |
| Q1 26 | — | $843.8M | ||
| Q4 25 | — | $843.3M | ||
| Q3 25 | $1.2B | $843.0M | ||
| Q2 25 | $1.2B | $347.8M | ||
| Q1 25 | — | $722.5M | ||
| Q4 24 | $1.2B | $722.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $3.0B | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | $5.8B | $3.4B | ||
| Q2 25 | $5.7B | $3.2B | ||
| Q1 25 | $5.5B | $3.0B | ||
| Q4 24 | $5.4B | $2.8B | ||
| Q3 24 | $5.5B | $2.9B | ||
| Q2 24 | $5.3B | $2.6B |
| Q1 26 | — | $16.5B | ||
| Q4 25 | — | $16.9B | ||
| Q3 25 | $8.4B | $16.8B | ||
| Q2 25 | $8.2B | $15.7B | ||
| Q1 25 | $8.1B | $15.5B | ||
| Q4 24 | $7.9B | $15.3B | ||
| Q3 24 | $8.0B | $15.4B | ||
| Q2 24 | $7.8B | $14.9B |
| Q1 26 | — | 0.28× | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | 0.21× | 0.25× | ||
| Q2 25 | 0.21× | 0.11× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 0.22× | 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 | $268.1M | — |
| Free Cash FlowOCF − Capex | $254.6M | — |
| FCF MarginFCF / Revenue | 20.8% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | 1.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $268.1M | $378.2M | ||
| Q3 25 | $277.9M | $554.4M | ||
| Q2 25 | $237.2M | $206.6M | ||
| Q1 25 | $298.5M | $38.9M | ||
| Q4 24 | $293.5M | $213.5M | ||
| Q3 24 | $274.2M | $394.7M | ||
| Q2 24 | $301.1M | $139.5M |
| Q1 26 | — | — | ||
| Q4 25 | $254.6M | $377.0M | ||
| Q3 25 | $258.0M | $551.4M | ||
| Q2 25 | $217.5M | $204.9M | ||
| Q1 25 | $275.6M | $37.1M | ||
| Q4 24 | $275.4M | $210.5M | ||
| Q3 24 | $253.8M | $392.3M | ||
| Q2 24 | $277.9M | $137.3M |
| Q1 26 | — | — | ||
| Q4 25 | 20.8% | 22.6% | ||
| Q3 25 | 21.8% | 33.1% | ||
| Q2 25 | 18.6% | 12.4% | ||
| Q1 25 | 24.3% | 2.3% | ||
| Q4 24 | 23.1% | 13.3% | ||
| Q3 24 | 22.3% | 25.1% | ||
| Q2 24 | 23.7% | 8.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 1.7% | 0.2% | ||
| Q2 25 | 1.7% | 0.1% | ||
| Q1 25 | 2.0% | 0.1% | ||
| Q4 24 | 1.5% | 0.2% | ||
| Q3 24 | 1.8% | 0.2% | ||
| Q2 24 | 2.0% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.03× | 1.91× | ||
| Q3 25 | 1.05× | 3.10× | ||
| Q2 25 | 0.95× | 1.32× | ||
| Q1 25 | 1.24× | 0.30× | ||
| Q4 24 | 1.14× | 1.27× | ||
| Q3 24 | 1.09× | 3.87× | ||
| Q2 24 | 1.11× | 3.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNA
Segment breakdown not available.
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
