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Side-by-side financial comparison of HANOVER INSURANCE GROUP, INC. (THG) and Zoom Communications, Inc. (ZM). 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× Zoom Communications, Inc.). Zoom Communications, Inc. runs the higher net margin — 49.8% vs 11.0%, a 38.9% gap on every dollar of revenue. On growth, HANOVER INSURANCE GROUP, INC. posted the faster year-over-year revenue change (6.1% vs 4.4%). Over the past eight quarters, HANOVER INSURANCE GROUP, INC.'s revenue compounded faster (5.2% CAGR vs 3.6%).
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.
Zoom Communications, Inc. is an American communications technology company headquartered in San Jose, California, United States. It is primarily known for the videoconferencing application Zoom.
THG vs ZM — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.2B |
| Net Profit | $186.8M | $612.9M |
| Gross Margin | — | 77.9% |
| Operating Margin | 11.1% | 25.2% |
| Net Margin | 11.0% | 49.8% |
| Revenue YoY | 6.1% | 4.4% |
| Net Profit YoY | 45.7% | 196.0% |
| EPS (diluted) | — | $2.01 |
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 | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.5B | $1.1B |
| Q1 26 | $186.8M | — | ||
| Q4 25 | $198.5M | $612.9M | ||
| Q3 25 | $178.7M | $358.6M | ||
| Q2 25 | $157.1M | $254.6M | ||
| Q1 25 | $128.2M | $367.9M | ||
| Q4 24 | $167.9M | $207.1M | ||
| Q3 24 | $102.1M | $219.0M | ||
| Q2 24 | $40.5M | $216.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 77.9% | ||
| Q3 25 | — | 77.6% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 75.7% | ||
| Q4 24 | — | 75.9% | ||
| Q3 24 | — | 75.5% | ||
| Q2 24 | — | 76.1% |
| Q1 26 | 11.1% | — | ||
| Q4 25 | 17.3% | 25.2% | ||
| Q3 25 | 14.9% | 26.4% | ||
| Q2 25 | 12.7% | 20.6% | ||
| Q1 25 | 11.6% | 19.0% | ||
| Q4 24 | 16.1% | 15.5% | ||
| Q3 24 | 9.6% | 17.4% | ||
| Q2 24 | 6.2% | 17.8% |
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.9% | 49.8% | ||
| Q3 25 | 10.7% | 29.5% | ||
| Q2 25 | 9.5% | 21.7% | ||
| Q1 25 | 8.0% | 31.1% | ||
| Q4 24 | 10.6% | 17.6% | ||
| Q3 24 | 6.5% | 18.8% | ||
| Q2 24 | 2.6% | 19.0% |
| Q1 26 | — | — | ||
| Q4 25 | $5.46 | $2.01 | ||
| Q3 25 | $4.90 | $1.16 | ||
| Q2 25 | $4.30 | $0.81 | ||
| Q1 25 | $3.50 | $1.16 | ||
| Q4 24 | $4.60 | $0.66 | ||
| Q3 24 | $2.80 | $0.70 | ||
| Q2 24 | $1.12 | $0.69 |
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 | $1.2B |
| Total DebtLower is stronger | $843.8M | — |
| Stockholders' EquityBook value | $3.0B | $9.3B |
| Total Assets | $16.5B | $11.4B |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $243.5M | — | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $915.7M | $1.2B | ||
| Q2 25 | $244.1M | $1.2B | ||
| Q1 25 | $315.1M | $1.3B | ||
| Q4 24 | $435.5M | $1.3B | ||
| Q3 24 | $427.1M | $1.5B | ||
| Q2 24 | $337.6M | $1.9B |
| 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 | $9.3B | ||
| Q3 25 | $3.4B | $9.0B | ||
| Q2 25 | $3.2B | $8.9B | ||
| Q1 25 | $3.0B | $8.9B | ||
| Q4 24 | $2.8B | $8.7B | ||
| Q3 24 | $2.9B | $8.5B | ||
| Q2 24 | $2.6B | $8.3B |
| Q1 26 | $16.5B | — | ||
| Q4 25 | $16.9B | $11.4B | ||
| Q3 25 | $16.8B | $11.0B | ||
| Q2 25 | $15.7B | $11.0B | ||
| Q1 25 | $15.5B | $11.0B | ||
| Q4 24 | $15.3B | $10.7B | ||
| Q3 24 | $15.4B | $10.5B | ||
| Q2 24 | $14.9B | $10.3B |
| 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 | — | $629.3M |
| Free Cash FlowOCF − Capex | — | $614.3M |
| FCF MarginFCF / Revenue | — | 50.0% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | — | 1.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $378.2M | $629.3M | ||
| Q3 25 | $554.4M | $515.9M | ||
| Q2 25 | $206.6M | $489.3M | ||
| Q1 25 | $38.9M | $424.6M | ||
| Q4 24 | $213.5M | $483.2M | ||
| Q3 24 | $394.7M | $449.3M | ||
| Q2 24 | $139.5M | $588.2M |
| Q1 26 | — | — | ||
| Q4 25 | $377.0M | $614.3M | ||
| Q3 25 | $551.4M | $508.0M | ||
| Q2 25 | $204.9M | $463.4M | ||
| Q1 25 | $37.1M | $416.2M | ||
| Q4 24 | $210.5M | $457.7M | ||
| Q3 24 | $392.3M | $365.1M | ||
| Q2 24 | $137.3M | $569.7M |
| Q1 26 | — | — | ||
| Q4 25 | 22.6% | 50.0% | ||
| Q3 25 | 33.1% | 41.7% | ||
| Q2 25 | 12.4% | 39.4% | ||
| Q1 25 | 2.3% | 35.2% | ||
| Q4 24 | 13.3% | 38.9% | ||
| Q3 24 | 25.1% | 31.4% | ||
| Q2 24 | 8.9% | 49.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 1.2% | ||
| Q3 25 | 0.2% | 0.7% | ||
| Q2 25 | 0.1% | 2.2% | ||
| Q1 25 | 0.1% | 0.7% | ||
| Q4 24 | 0.2% | 2.2% | ||
| Q3 24 | 0.2% | 7.2% | ||
| Q2 24 | 0.1% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.91× | 1.03× | ||
| Q3 25 | 3.10× | 1.44× | ||
| Q2 25 | 1.32× | 1.92× | ||
| Q1 25 | 0.30× | 1.15× | ||
| Q4 24 | 1.27× | 2.33× | ||
| Q3 24 | 3.87× | 2.05× | ||
| Q2 24 | 3.44× | 2.72× |
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% |
ZM
Segment breakdown not available.
