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Side-by-side financial comparison of HANOVER INSURANCE GROUP, INC. (THG) and Weyerhaeuser (WY). 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× Weyerhaeuser). HANOVER INSURANCE GROUP, INC. runs the higher net margin — 11.9% vs 4.8%, a 7.1% gap on every dollar of revenue. On growth, HANOVER INSURANCE GROUP, INC. posted the faster year-over-year revenue change (5.5% vs -9.8%). HANOVER INSURANCE GROUP, INC. produced more free cash flow last quarter ($377.0M vs $-128.0M). Over the past eight quarters, HANOVER INSURANCE GROUP, INC.'s revenue compounded faster (3.8% CAGR vs -7.4%).
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.
The Weyerhaeuser Company is an American timberland company which owns approximately 10,400,000 acres of timberlands in the U.S., and manages an additional 14,000,000 acres of timberlands under long-term licenses in Canada. The company has manufactured wood products for over a century. It operates as a real estate investment trust (REIT).
THG vs WY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.5B |
| Net Profit | $198.5M | $74.0M |
| Gross Margin | — | 10.4% |
| Operating Margin | 17.3% | 16.3% |
| Net Margin | 11.9% | 4.8% |
| Revenue YoY | 5.5% | -9.8% |
| Net Profit YoY | 18.2% | -8.6% |
| EPS (diluted) | $5.46 | $0.11 |
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.
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.5B | $1.9B | ||
| Q1 24 | $1.6B | $1.8B |
| Q4 25 | $198.5M | $74.0M | ||
| Q3 25 | $178.7M | $80.0M | ||
| Q2 25 | $157.1M | $87.0M | ||
| Q1 25 | $128.2M | $83.0M | ||
| Q4 24 | $167.9M | $81.0M | ||
| Q3 24 | $102.1M | $28.0M | ||
| Q2 24 | $40.5M | $173.0M | ||
| Q1 24 | $115.5M | $114.0M |
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 20.8% | ||
| Q1 24 | — | 19.8% |
| Q4 25 | 17.3% | 16.3% | ||
| Q3 25 | 14.9% | 7.2% | ||
| Q2 25 | 12.7% | 9.4% | ||
| Q1 25 | 11.6% | 10.2% | ||
| Q4 24 | 16.1% | 8.3% | ||
| Q3 24 | 9.6% | 4.6% | ||
| Q2 24 | 6.2% | 13.9% | ||
| Q1 24 | 9.7% | 10.9% |
| Q4 25 | 11.9% | 4.8% | ||
| Q3 25 | 10.7% | 4.7% | ||
| Q2 25 | 9.5% | 4.6% | ||
| Q1 25 | 8.0% | 4.7% | ||
| Q4 24 | 10.6% | 4.7% | ||
| Q3 24 | 6.5% | 1.7% | ||
| Q2 24 | 2.6% | 8.9% | ||
| Q1 24 | 7.4% | 6.3% |
| Q4 25 | $5.46 | $0.11 | ||
| Q3 25 | $4.90 | $0.11 | ||
| Q2 25 | $4.30 | $0.12 | ||
| Q1 25 | $3.50 | $0.11 | ||
| Q4 24 | $4.60 | $0.10 | ||
| Q3 24 | $2.80 | $0.04 | ||
| Q2 24 | $1.12 | $0.24 | ||
| Q1 24 | $3.18 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $464.0M |
| Total DebtLower is stronger | $843.3M | $5.6B |
| Stockholders' EquityBook value | $3.6B | $9.4B |
| Total Assets | $16.9B | $16.6B |
| Debt / EquityLower = less leverage | 0.24× | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $464.0M | ||
| Q3 25 | $915.7M | $401.0M | ||
| Q2 25 | $244.1M | $592.0M | ||
| Q1 25 | $315.1M | $560.0M | ||
| Q4 24 | $435.5M | $684.0M | ||
| Q3 24 | $427.1M | $877.0M | ||
| Q2 24 | $337.6M | $997.0M | ||
| Q1 24 | $264.6M | $871.0M |
| Q4 25 | $843.3M | $5.6B | ||
| Q3 25 | $843.0M | — | ||
| Q2 25 | $347.8M | — | ||
| Q1 25 | $722.5M | — | ||
| Q4 24 | $722.3M | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.6B | $9.4B | ||
| Q3 25 | $3.4B | $9.4B | ||
| Q2 25 | $3.2B | $9.5B | ||
| Q1 25 | $3.0B | $9.6B | ||
| Q4 24 | $2.8B | $9.7B | ||
| Q3 24 | $2.9B | $9.9B | ||
| Q2 24 | $2.6B | $10.0B | ||
| Q1 24 | $2.5B | $10.1B |
| Q4 25 | $16.9B | $16.6B | ||
| Q3 25 | $16.8B | $16.7B | ||
| Q2 25 | $15.7B | $16.5B | ||
| Q1 25 | $15.5B | $16.5B | ||
| Q4 24 | $15.3B | $16.5B | ||
| Q3 24 | $15.4B | $16.7B | ||
| Q2 24 | $14.9B | $16.8B | ||
| Q1 24 | $14.6B | $16.8B |
| Q4 25 | 0.24× | 0.59× | ||
| Q3 25 | 0.25× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.25× | 0.52× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $378.2M | $-114.0M |
| Free Cash FlowOCF − Capex | $377.0M | $-128.0M |
| FCF MarginFCF / Revenue | 22.6% | -8.3% |
| Capex IntensityCapex / Revenue | 0.1% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.91× | -1.54× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $511.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $378.2M | $-114.0M | ||
| Q3 25 | $554.4M | $210.0M | ||
| Q2 25 | $206.6M | $396.0M | ||
| Q1 25 | $38.9M | $70.0M | ||
| Q4 24 | $213.5M | $218.0M | ||
| Q3 24 | $394.7M | $234.0M | ||
| Q2 24 | $139.5M | $432.0M | ||
| Q1 24 | $58.7M | $124.0M |
| Q4 25 | $377.0M | $-128.0M | ||
| Q3 25 | $551.4M | $203.0M | ||
| Q2 25 | $204.9M | $388.0M | ||
| Q1 25 | $37.1M | $48.0M | ||
| Q4 24 | $210.5M | $205.0M | ||
| Q3 24 | $392.3M | $226.0M | ||
| Q2 24 | $137.3M | $423.0M | ||
| Q1 24 | $56.1M | $102.0M |
| Q4 25 | 22.6% | -8.3% | ||
| Q3 25 | 33.1% | 11.8% | ||
| Q2 25 | 12.4% | 20.6% | ||
| Q1 25 | 2.3% | 2.7% | ||
| Q4 24 | 13.3% | 12.0% | ||
| Q3 24 | 25.1% | 13.4% | ||
| Q2 24 | 8.9% | 21.8% | ||
| Q1 24 | 3.6% | 5.7% |
| Q4 25 | 0.1% | 0.9% | ||
| Q3 25 | 0.2% | 0.4% | ||
| Q2 25 | 0.1% | 0.4% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | 0.2% | 0.8% | ||
| Q3 24 | 0.2% | 0.5% | ||
| Q2 24 | 0.1% | 0.5% | ||
| Q1 24 | 0.2% | 1.2% |
| Q4 25 | 1.91× | -1.54× | ||
| Q3 25 | 3.10× | 2.63× | ||
| Q2 25 | 1.32× | 4.55× | ||
| Q1 25 | 0.30× | 0.84× | ||
| Q4 24 | 1.27× | 2.69× | ||
| Q3 24 | 3.87× | 8.36× | ||
| Q2 24 | 3.44× | 2.50× | ||
| Q1 24 | 0.51× | 1.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
THG
| Personal Lines Segment | $684.6M | 41% |
| Core Commercial Lines Segment | $617.8M | 37% |
| Specialty Lines Segment | $377.9M | 23% |
WY
Segment breakdown not available.
