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Side-by-side financial comparison of HANOVER INSURANCE GROUP, INC. (THG) and UPBOUND GROUP, INC. (UPBD). 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× UPBOUND GROUP, INC.). HANOVER INSURANCE GROUP, INC. runs the higher net margin — 11.0% vs 1.7%, a 9.3% gap on every dollar of revenue. On growth, UPBOUND GROUP, INC. posted the faster year-over-year revenue change (10.9% vs 6.1%). Over the past eight quarters, HANOVER INSURANCE GROUP, INC.'s revenue compounded faster (5.2% CAGR vs 4.5%).
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.
Upbound Group, Inc. is a leading US provider of flexible lease-to-own solutions for consumer goods. It offers furniture, consumer electronics, home appliances, and accessories, catering to customers seeking accessible payment alternatives to traditional retail financing.
THG vs UPBD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.2B |
| Net Profit | $186.8M | $19.7M |
| Gross Margin | — | 49.0% |
| Operating Margin | 11.1% | 4.8% |
| Net Margin | 11.0% | 1.7% |
| Revenue YoY | 6.1% | 10.9% |
| Net Profit YoY | 45.7% | -36.3% |
| EPS (diluted) | — | $0.35 |
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 | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B |
| Q1 26 | $186.8M | — | ||
| Q4 25 | $198.5M | $19.7M | ||
| Q3 25 | $178.7M | $13.2M | ||
| Q2 25 | $157.1M | $15.5M | ||
| Q1 25 | $128.2M | $24.8M | ||
| Q4 24 | $167.9M | $31.0M | ||
| Q3 24 | $102.1M | $30.9M | ||
| Q2 24 | $40.5M | $33.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 49.0% | ||
| Q3 25 | — | 48.3% | ||
| Q2 25 | — | 49.4% | ||
| Q1 25 | — | 46.8% | ||
| Q4 24 | — | 47.1% | ||
| Q3 24 | — | 47.8% | ||
| Q2 24 | — | 49.4% |
| Q1 26 | 11.1% | — | ||
| Q4 25 | 17.3% | 4.8% | ||
| Q3 25 | 14.9% | 4.5% | ||
| Q2 25 | 12.7% | 4.4% | ||
| Q1 25 | 11.6% | 5.3% | ||
| Q4 24 | 16.1% | 7.3% | ||
| Q3 24 | 9.6% | 6.6% | ||
| Q2 24 | 6.2% | 7.5% |
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.9% | 1.7% | ||
| Q3 25 | 10.7% | 1.1% | ||
| Q2 25 | 9.5% | 1.3% | ||
| Q1 25 | 8.0% | 2.1% | ||
| Q4 24 | 10.6% | 2.9% | ||
| Q3 24 | 6.5% | 2.9% | ||
| Q2 24 | 2.6% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | $5.46 | $0.35 | ||
| Q3 25 | $4.90 | $0.22 | ||
| Q2 25 | $4.30 | $0.26 | ||
| Q1 25 | $3.50 | $0.42 | ||
| Q4 24 | $4.60 | $0.55 | ||
| Q3 24 | $2.80 | $0.55 | ||
| Q2 24 | $1.12 | $0.61 |
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 | $120.5M |
| Total DebtLower is stronger | $843.8M | — |
| Stockholders' EquityBook value | $3.0B | $695.7M |
| Total Assets | $16.5B | $3.3B |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $243.5M | — | ||
| Q4 25 | $1.1B | $120.5M | ||
| Q3 25 | $915.7M | $107.0M | ||
| Q2 25 | $244.1M | $106.8M | ||
| Q1 25 | $315.1M | $107.3M | ||
| Q4 24 | $435.5M | $60.9M | ||
| Q3 24 | $427.1M | $85.1M | ||
| Q2 24 | $337.6M | $82.5M |
| 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 | $695.7M | ||
| Q3 25 | $3.4B | $687.3M | ||
| Q2 25 | $3.2B | $685.5M | ||
| Q1 25 | $3.0B | $679.2M | ||
| Q4 24 | $2.8B | $629.0M | ||
| Q3 24 | $2.9B | $611.8M | ||
| Q2 24 | $2.6B | $596.3M |
| Q1 26 | $16.5B | — | ||
| Q4 25 | $16.9B | $3.3B | ||
| Q3 25 | $16.8B | $3.2B | ||
| Q2 25 | $15.7B | $3.1B | ||
| Q1 25 | $15.5B | $3.0B | ||
| Q4 24 | $15.3B | $2.6B | ||
| Q3 24 | $15.4B | $2.6B | ||
| Q2 24 | $14.9B | $2.6B |
| 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 | — | — |
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 | — | $41.6M |
| Free Cash FlowOCF − Capex | — | $24.0M |
| FCF MarginFCF / Revenue | — | 2.0% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $378.2M | $41.6M | ||
| Q3 25 | $554.4M | $118.4M | ||
| Q2 25 | $206.6M | $7.8M | ||
| Q1 25 | $38.9M | $137.7M | ||
| Q4 24 | $213.5M | $-61.9M | ||
| Q3 24 | $394.7M | $106.2M | ||
| Q2 24 | $139.5M | $15.0M |
| Q1 26 | — | — | ||
| Q4 25 | $377.0M | $24.0M | ||
| Q3 25 | $551.4M | $97.9M | ||
| Q2 25 | $204.9M | $-10.4M | ||
| Q1 25 | $37.1M | $127.2M | ||
| Q4 24 | $210.5M | $-74.0M | ||
| Q3 24 | $392.3M | $88.3M | ||
| Q2 24 | $137.3M | $613.0K |
| Q1 26 | — | — | ||
| Q4 25 | 22.6% | 2.0% | ||
| Q3 25 | 33.1% | 8.4% | ||
| Q2 25 | 12.4% | -0.9% | ||
| Q1 25 | 2.3% | 10.8% | ||
| Q4 24 | 13.3% | -6.9% | ||
| Q3 24 | 25.1% | 8.3% | ||
| Q2 24 | 8.9% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 1.5% | ||
| Q3 25 | 0.2% | 1.8% | ||
| Q2 25 | 0.1% | 1.6% | ||
| Q1 25 | 0.1% | 0.9% | ||
| Q4 24 | 0.2% | 1.1% | ||
| Q3 24 | 0.2% | 1.7% | ||
| Q2 24 | 0.1% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.91× | 2.11× | ||
| Q3 25 | 3.10× | 8.96× | ||
| Q2 25 | 1.32× | 0.50× | ||
| Q1 25 | 0.30× | 5.56× | ||
| Q4 24 | 1.27× | -2.00× | ||
| Q3 24 | 3.87× | 3.44× | ||
| Q2 24 | 3.44× | 0.44× |
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% |
UPBD
Segment breakdown not available.
