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Side-by-side financial comparison of Schneider National, Inc. (SNDR) 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 $1.4B, roughly 1.2× Schneider National, Inc.). HANOVER INSURANCE GROUP, INC. runs the higher net margin — 11.0% vs 1.6%, a 9.4% gap on every dollar of revenue. On growth, HANOVER INSURANCE GROUP, INC. posted the faster year-over-year revenue change (6.1% vs 4.5%). Over the past eight quarters, HANOVER INSURANCE GROUP, INC.'s revenue compounded faster (5.2% CAGR vs 3.0%).
Schneider National, Inc. is an American transportation company that provides truckload, intermodal, and logistics services. Schneider's services include regional, long-haul, expedited, dedicated, bulk, intermodal, brokerage, cross-dock logistics, pool point distribution, supply chain management, and port logistics.
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.
SNDR vs THG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.7B |
| Net Profit | $22.1M | $186.8M |
| Gross Margin | — | — |
| Operating Margin | 2.6% | 11.1% |
| Net Margin | 1.6% | 11.0% |
| Revenue YoY | 4.5% | 6.1% |
| Net Profit YoY | -32.2% | 45.7% |
| EPS (diluted) | $0.13 | — |
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 | $1.4B | $1.7B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.3B | $1.5B |
| Q1 26 | — | $186.8M | ||
| Q4 25 | $22.1M | $198.5M | ||
| Q3 25 | $19.4M | $178.7M | ||
| Q2 25 | $36.0M | $157.1M | ||
| Q1 25 | $26.1M | $128.2M | ||
| Q4 24 | $32.6M | $167.9M | ||
| Q3 24 | $30.6M | $102.1M | ||
| Q2 24 | $35.3M | $40.5M |
| Q1 26 | — | 11.1% | ||
| Q4 25 | 2.6% | 17.3% | ||
| Q3 25 | 2.4% | 14.9% | ||
| Q2 25 | 3.9% | 12.7% | ||
| Q1 25 | 3.0% | 11.6% | ||
| Q4 24 | 3.2% | 16.1% | ||
| Q3 24 | 3.3% | 9.6% | ||
| Q2 24 | 3.9% | 6.2% |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 1.6% | 11.9% | ||
| Q3 25 | 1.3% | 10.7% | ||
| Q2 25 | 2.5% | 9.5% | ||
| Q1 25 | 1.9% | 8.0% | ||
| Q4 24 | 2.4% | 10.6% | ||
| Q3 24 | 2.3% | 6.5% | ||
| Q2 24 | 2.7% | 2.6% |
| Q1 26 | — | — | ||
| Q4 25 | $0.13 | $5.46 | ||
| Q3 25 | $0.11 | $4.90 | ||
| Q2 25 | $0.20 | $4.30 | ||
| Q1 25 | $0.15 | $3.50 | ||
| Q4 24 | $0.19 | $4.60 | ||
| Q3 24 | $0.17 | $2.80 | ||
| Q2 24 | $0.20 | $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 | $41.8M | $243.5M |
| Total DebtLower is stronger | $390.9M | $843.8M |
| Stockholders' EquityBook value | $3.0B | $3.0B |
| Total Assets | $4.8B | $16.5B |
| Debt / EquityLower = less leverage | 0.13× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $243.5M | ||
| Q4 25 | $41.8M | $1.1B | ||
| Q3 25 | $235.7M | $915.7M | ||
| Q2 25 | $205.1M | $244.1M | ||
| Q1 25 | $154.3M | $315.1M | ||
| Q4 24 | $165.5M | $435.5M | ||
| Q3 24 | $231.6M | $427.1M | ||
| Q2 24 | $157.2M | $337.6M |
| Q1 26 | — | $843.8M | ||
| Q4 25 | $390.9M | $843.3M | ||
| Q3 25 | $509.8M | $843.0M | ||
| Q2 25 | $512.7M | $347.8M | ||
| Q1 25 | $565.8M | $722.5M | ||
| Q4 24 | $420.8M | $722.3M | ||
| Q3 24 | $124.7M | — | ||
| Q2 24 | $125.8M | — |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $3.0B | $3.6B | ||
| Q3 25 | $3.0B | $3.4B | ||
| Q2 25 | $3.0B | $3.2B | ||
| Q1 25 | $3.0B | $3.0B | ||
| Q4 24 | $3.0B | $2.8B | ||
| Q3 24 | $3.0B | $2.9B | ||
| Q2 24 | $3.0B | $2.6B |
| Q1 26 | — | $16.5B | ||
| Q4 25 | $4.8B | $16.9B | ||
| Q3 25 | $5.0B | $16.8B | ||
| Q2 25 | $5.0B | $15.7B | ||
| Q1 25 | $5.0B | $15.5B | ||
| Q4 24 | $4.9B | $15.3B | ||
| Q3 24 | $4.6B | $15.4B | ||
| Q2 24 | $4.5B | $14.9B |
| Q1 26 | — | 0.28× | ||
| Q4 25 | 0.13× | 0.24× | ||
| Q3 25 | 0.17× | 0.25× | ||
| Q2 25 | 0.17× | 0.11× | ||
| Q1 25 | 0.19× | 0.24× | ||
| Q4 24 | 0.14× | 0.25× | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — |
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 | $186.0M | — |
| Free Cash FlowOCF − Capex | $145.5M | — |
| FCF MarginFCF / Revenue | 10.4% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | 8.42× | — |
| TTM Free Cash FlowTrailing 4 quarters | $285.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $186.0M | $378.2M | ||
| Q3 25 | $184.2M | $554.4M | ||
| Q2 25 | $175.5M | $206.6M | ||
| Q1 25 | $91.7M | $38.9M | ||
| Q4 24 | $199.5M | $213.5M | ||
| Q3 24 | $206.4M | $394.7M | ||
| Q2 24 | $182.6M | $139.5M |
| Q1 26 | — | — | ||
| Q4 25 | $145.5M | $377.0M | ||
| Q3 25 | $56.2M | $551.4M | ||
| Q2 25 | $106.4M | $204.9M | ||
| Q1 25 | $-22.7M | $37.1M | ||
| Q4 24 | $113.6M | $210.5M | ||
| Q3 24 | $98.7M | $392.3M | ||
| Q2 24 | $85.5M | $137.3M |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 22.6% | ||
| Q3 25 | 3.9% | 33.1% | ||
| Q2 25 | 7.5% | 12.4% | ||
| Q1 25 | -1.6% | 2.3% | ||
| Q4 24 | 8.5% | 13.3% | ||
| Q3 24 | 7.5% | 25.1% | ||
| Q2 24 | 6.5% | 8.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 0.1% | ||
| Q3 25 | 8.8% | 0.2% | ||
| Q2 25 | 4.9% | 0.1% | ||
| Q1 25 | 8.2% | 0.1% | ||
| Q4 24 | 6.4% | 0.2% | ||
| Q3 24 | 8.2% | 0.2% | ||
| Q2 24 | 7.4% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 8.42× | 1.91× | ||
| Q3 25 | 9.49× | 3.10× | ||
| Q2 25 | 4.88× | 1.32× | ||
| Q1 25 | 3.51× | 0.30× | ||
| Q4 24 | 6.12× | 1.27× | ||
| Q3 24 | 6.75× | 3.87× | ||
| Q2 24 | 5.17× | 3.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNDR
| Transportation | $1.3B | 93% |
| Logistics Management | $52.3M | 4% |
| Other | $46.2M | 3% |
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
