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CARLISLE COMPANIES INC（CSL）与HANOVER INSURANCE GROUP, INC.（THG）财务数据对比。点击上方公司名可切换其他公司
HANOVER INSURANCE GROUP, INC.的季度营收约是CARLISLE COMPANIES INC的1.6倍（$1.7B vs $1.1B），CARLISLE COMPANIES INC净利率更高（12.1% vs 11.9%，领先0.3%），HANOVER INSURANCE GROUP, INC.同比增速更快（5.5% vs -4.0%），HANOVER INSURANCE GROUP, INC.自由现金流更多（$377.0M vs $-73.0M），过去两年HANOVER INSURANCE GROUP, INC.的营收复合增速更高（3.8% vs -14.8%）
卡莱尔公司是专业建筑产品供应商，聚焦于提升建筑能效与稳固性，面向商业建筑领域生产销售单层屋面产品、质保系统及配套配件，旗下设有卡莱尔建筑材料、卡莱尔防水技术两大业务板块，产品涵盖防潮材料、屋面防护层等多个品类。
汉诺威保险集团是总部位于美国马萨诸塞州伍斯特市的保险企业，1852年成立时主营财产责任保险，以原名公开上市交易，直至上世纪90年代初更名为Allmerica财产意外伤害保险公司。
CSL vs THG — 直观对比
营收规模更大
THG
是对方的1.6倍
$1.1B
营收增速更快
THG
高出9.5%
-4.0%
净利率更高
CSL
高出0.3%
11.9%
自由现金流更多
THG
多$450.0M
$-73.0M
两年增速更快
THG
近两年复合增速
-14.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.7B |
| 净利润 | $127.7M | $198.5M |
| 毛利率 | 34.5% | — |
| 营业利润率 | 17.1% | 17.3% |
| 净利率 | 12.1% | 11.9% |
| 营收同比 | -4.0% | 5.5% |
| 净利润同比 | -10.9% | 18.2% |
| 每股收益（稀释后） | $3.10 | $5.46 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CSLTHG
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.5B | $1.5B |
净利润CSLTHG
| Q1 26 | $127.7M | — | ||
| Q4 25 | $127.4M | $198.5M | ||
| Q3 25 | $214.2M | $178.7M | ||
| Q2 25 | $255.8M | $157.1M | ||
| Q1 25 | $143.3M | $128.2M | ||
| Q4 24 | $162.8M | $167.9M | ||
| Q3 24 | $244.3M | $102.1M | ||
| Q2 24 | $712.4M | $40.5M |
毛利率CSLTHG
| Q1 26 | 34.5% | — | ||
| Q4 25 | 33.8% | — | ||
| Q3 25 | 36.0% | — | ||
| Q2 25 | 37.3% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 36.1% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 39.2% | — |
营业利润率CSLTHG
| Q1 26 | 17.1% | — | ||
| Q4 25 | 16.8% | 17.3% | ||
| Q3 25 | 21.8% | 14.9% | ||
| Q2 25 | 23.1% | 12.7% | ||
| Q1 25 | 16.8% | 11.6% | ||
| Q4 24 | 19.9% | 16.1% | ||
| Q3 24 | 23.7% | 9.6% | ||
| Q2 24 | 26.0% | 6.2% |
净利率CSLTHG
| Q1 26 | 12.1% | — | ||
| Q4 25 | 11.3% | 11.9% | ||
| Q3 25 | 15.9% | 10.7% | ||
| Q2 25 | 17.6% | 9.5% | ||
| Q1 25 | 13.1% | 8.0% | ||
| Q4 24 | 14.5% | 10.6% | ||
| Q3 24 | 18.3% | 6.5% | ||
| Q2 24 | 49.1% | 2.6% |
每股收益（稀释后）CSLTHG
| Q1 26 | $3.10 | — | ||
| Q4 25 | $3.06 | $5.46 | ||
| Q3 25 | $4.98 | $4.90 | ||
| Q2 25 | $5.88 | $4.30 | ||
| Q1 25 | $3.20 | $3.50 | ||
| Q4 24 | $3.76 | $4.60 | ||
| Q3 24 | $5.25 | $2.80 | ||
| Q2 24 | $14.84 | $1.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $771.3M | $1.1B |
| 总债务越低越好 | — | $843.3M |
| 股东权益账面价值 | $1.7B | $3.6B |
| 总资产 | — | $16.9B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资CSLTHG
| Q1 26 | $771.3M | — | ||
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $915.7M | ||
| Q2 25 | $68.4M | $244.1M | ||
| Q1 25 | $220.2M | $315.1M | ||
| Q4 24 | $753.5M | $435.5M | ||
| Q3 24 | $1.5B | $427.1M | ||
| Q2 24 | $1.7B | $337.6M |
总债务CSLTHG
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $843.3M | ||
| Q3 25 | $2.9B | $843.0M | ||
| Q2 25 | $1.9B | $347.8M | ||
| Q1 25 | $1.9B | $722.5M | ||
| Q4 24 | $1.9B | $722.3M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益CSLTHG
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.8B | $3.6B | ||
| Q3 25 | $2.0B | $3.4B | ||
| Q2 25 | $2.1B | $3.2B | ||
| Q1 25 | $2.2B | $3.0B | ||
| Q4 24 | $2.5B | $2.8B | ||
| Q3 24 | $2.8B | $2.9B | ||
| Q2 24 | $3.0B | $2.6B |
总资产CSLTHG
| Q1 26 | — | — | ||
| Q4 25 | $6.3B | $16.9B | ||
| Q3 25 | $6.5B | $16.8B | ||
| Q2 25 | $5.5B | $15.7B | ||
| Q1 25 | $5.5B | $15.5B | ||
| Q4 24 | $5.8B | $15.3B | ||
| Q3 24 | $6.5B | $15.4B | ||
| Q2 24 | $6.7B | $14.9B |
负债/权益比CSLTHG
| Q1 26 | — | — | ||
| Q4 25 | 1.61× | 0.24× | ||
| Q3 25 | 1.45× | 0.25× | ||
| Q2 25 | 0.89× | 0.11× | ||
| Q1 25 | 0.87× | 0.24× | ||
| Q4 24 | 0.77× | 0.25× | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | 0.76× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $378.2M |
| 自由现金流经营现金流 - 资本支出 | $-73.0M | $377.0M |
| 自由现金流率自由现金流/营收 | -6.9% | 22.6% |
| 资本支出强度资本支出/营收 | 2.7% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.91× |
| 过去12个月自由现金流最近4个季度 | $924.8M | $1.2B |
8季度趋势，按日历期对齐
经营现金流CSLTHG
| Q1 26 | — | — | ||
| Q4 25 | $386.0M | $378.2M | ||
| Q3 25 | $426.9M | $554.4M | ||
| Q2 25 | $287.1M | $206.6M | ||
| Q1 25 | $1.8M | $38.9M | ||
| Q4 24 | $370.6M | $213.5M | ||
| Q3 24 | $312.8M | $394.7M | ||
| Q2 24 | $183.4M | $139.5M |
自由现金流CSLTHG
| Q1 26 | $-73.0M | — | ||
| Q4 25 | $346.1M | $377.0M | ||
| Q3 25 | $393.4M | $551.4M | ||
| Q2 25 | $258.3M | $204.9M | ||
| Q1 25 | $-27.2M | $37.1M | ||
| Q4 24 | $334.0M | $210.5M | ||
| Q3 24 | $293.5M | $392.3M | ||
| Q2 24 | $158.5M | $137.3M |
自由现金流率CSLTHG
| Q1 26 | -6.9% | — | ||
| Q4 25 | 30.7% | 22.6% | ||
| Q3 25 | 29.2% | 33.1% | ||
| Q2 25 | 17.8% | 12.4% | ||
| Q1 25 | -2.5% | 2.3% | ||
| Q4 24 | 29.7% | 13.3% | ||
| Q3 24 | 22.0% | 25.1% | ||
| Q2 24 | 10.9% | 8.9% |
资本支出强度CSLTHG
| Q1 26 | 2.7% | — | ||
| Q4 25 | 3.5% | 0.1% | ||
| Q3 25 | 2.5% | 0.2% | ||
| Q2 25 | 2.0% | 0.1% | ||
| Q1 25 | 2.6% | 0.1% | ||
| Q4 24 | 3.3% | 0.2% | ||
| Q3 24 | 1.4% | 0.2% | ||
| Q2 24 | 1.7% | 0.1% |
现金转化率CSLTHG
| Q1 26 | — | — | ||
| Q4 25 | 3.03× | 1.91× | ||
| Q3 25 | 1.99× | 3.10× | ||
| Q2 25 | 1.12× | 1.32× | ||
| Q1 25 | 0.01× | 0.30× | ||
| Q4 24 | 2.28× | 1.27× | ||
| Q3 24 | 1.28× | 3.87× | ||
| Q2 24 | 0.26× | 3.44× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CSL
暂无分部数据
THG
| Personal Lines Segment | $684.6M | 41% |
| Core Commercial Lines Segment | $617.8M | 37% |
| Specialty Lines Segment | $377.9M | 23% |
