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Side-by-side financial comparison of HANOVER INSURANCE GROUP, INC. (THG) and Texas Roadhouse, Inc. (TXRH). 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 $1.5B, roughly 1.1× Texas Roadhouse, Inc.). HANOVER INSURANCE GROUP, INC. runs the higher net margin — 11.0% vs 5.8%, a 5.1% gap on every dollar of revenue. On growth, HANOVER INSURANCE GROUP, INC. posted the faster year-over-year revenue change (6.1% vs 3.1%). Over the past eight quarters, Texas Roadhouse, Inc.'s revenue compounded faster (12.8% CAGR vs 5.2%).
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.
Texas Roadhouse is an American steakhouse chain that specializes in steaks in a Texan and Southwestern cuisine style. It is a subsidiary of Texas Roadhouse Inc, which has two other concepts and is headquartered in Louisville, Kentucky. As of August 2025, the chain operates about 800 locations in 49 U.S. states and 70 international locations in 11 countries.
THG vs TXRH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.5B |
| Net Profit | $186.8M | $86.7M |
| Gross Margin | — | — |
| Operating Margin | 11.1% | 6.5% |
| Net Margin | 11.0% | 5.8% |
| Revenue YoY | 6.1% | 3.1% |
| Net Profit YoY | 45.7% | -26.9% |
| EPS (diluted) | — | $1.29 |
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 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.5B | $1.3B |
| Q1 26 | $186.8M | — | ||
| Q4 25 | $198.5M | $86.7M | ||
| Q3 25 | $178.7M | $84.9M | ||
| Q2 25 | $157.1M | $116.1M | ||
| Q1 25 | $128.2M | — | ||
| Q4 24 | $167.9M | $118.5M | ||
| Q3 24 | $102.1M | $86.8M | ||
| Q2 24 | $40.5M | $123.1M |
| Q1 26 | 11.1% | — | ||
| Q4 25 | 17.3% | 6.5% | ||
| Q3 25 | 14.9% | 6.7% | ||
| Q2 25 | 12.7% | 9.3% | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 16.1% | 9.6% | ||
| Q3 24 | 9.6% | 8.0% | ||
| Q2 24 | 6.2% | 10.6% |
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.9% | 5.8% | ||
| Q3 25 | 10.7% | 5.9% | ||
| Q2 25 | 9.5% | 8.0% | ||
| Q1 25 | 8.0% | — | ||
| Q4 24 | 10.6% | 8.2% | ||
| Q3 24 | 6.5% | 6.8% | ||
| Q2 24 | 2.6% | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | $5.46 | $1.29 | ||
| Q3 25 | $4.90 | $1.25 | ||
| Q2 25 | $4.30 | $1.70 | ||
| Q1 25 | $3.50 | — | ||
| Q4 24 | $4.60 | $1.73 | ||
| Q3 24 | $2.80 | $1.26 | ||
| Q2 24 | $1.12 | $1.79 |
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 | $134.7M |
| Total DebtLower is stronger | $843.8M | — |
| Stockholders' EquityBook value | $3.0B | $1.5B |
| Total Assets | $16.5B | $3.5B |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $243.5M | — | ||
| Q4 25 | $1.1B | $134.7M | ||
| Q3 25 | $915.7M | $108.2M | ||
| Q2 25 | $244.1M | $221.1M | ||
| Q1 25 | $315.1M | — | ||
| Q4 24 | $435.5M | $245.2M | ||
| Q3 24 | $427.1M | $189.2M | ||
| Q2 24 | $337.6M | $197.5M |
| 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 | $3.0B | — | ||
| Q4 25 | $3.6B | $1.5B | ||
| Q3 25 | $3.4B | $1.5B | ||
| Q2 25 | $3.2B | $1.4B | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $2.9B | $1.3B | ||
| Q2 24 | $2.6B | $1.3B |
| Q1 26 | $16.5B | — | ||
| Q4 25 | $16.9B | $3.5B | ||
| Q3 25 | $16.8B | $3.3B | ||
| Q2 25 | $15.7B | $3.2B | ||
| Q1 25 | $15.5B | — | ||
| Q4 24 | $15.3B | $3.2B | ||
| Q3 24 | $15.4B | $2.9B | ||
| Q2 24 | $14.9B | $2.9B |
| 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
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
TXRH
| Food And Beverage | $1.5B | 99% |
| Texas Roadhouse Segment | $21.2M | 1% |
| Franchise | $8.2M | 1% |
| Franchise Royalty | $7.4M | 0% |
| Bubba S33Segment | $2.3M | 0% |
