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Digital Realty（DLR）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Digital Realty的1.0倍（$1.7B vs $1.6B），HANOVER INSURANCE GROUP, INC.净利率更高（11.9% vs 6.0%，领先5.8%），Digital Realty同比增速更快（16.1% vs 5.5%），过去两年Digital Realty的营收复合增速更高（9.8% vs 3.8%）
Digital Realty是一家全球知名的不动产投资信托企业，核心业务涵盖全球各地运营商中立数据中心的持有、运营与投资，可为客户提供数据中心部署、主机托管、网络互联等多元专业服务，能够满足不同企业对算力基础设施、数据存储及网络连接的多样化需求。
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。
DLR vs THG — 直观对比
营收规模更大
THG
是对方的1.0倍
$1.6B
营收增速更快
DLR
高出10.6%
5.5%
净利率更高
THG
高出5.8%
6.0%
两年增速更快
DLR
近两年复合增速
3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.7B |
| 净利润 | $98.6M | $198.5M |
| 毛利率 | — | — |
| 营业利润率 | 6.9% | 17.3% |
| 净利率 | 6.0% | 11.9% |
| 营收同比 | 16.1% | 5.5% |
| 净利润同比 | -10.3% | 18.2% |
| 每股收益（稀释后） | $0.22 | $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DLRTHG
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.4B | $1.5B |
净利润DLRTHG
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $198.5M | ||
| Q3 25 | $67.8M | $178.7M | ||
| Q2 25 | $1.0B | $157.1M | ||
| Q1 25 | $110.0M | $128.2M | ||
| Q4 24 | $189.6M | $167.9M | ||
| Q3 24 | $51.2M | $102.1M | ||
| Q2 24 | $80.2M | $40.5M |
营业利润率DLRTHG
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 17.3% | ||
| Q3 25 | 8.8% | 14.9% | ||
| Q2 25 | 14.2% | 12.7% | ||
| Q1 25 | 13.9% | 11.6% | ||
| Q4 24 | 10.1% | 16.1% | ||
| Q3 24 | 11.8% | 9.6% | ||
| Q2 24 | 0.7% | 6.2% |
净利率DLRTHG
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 11.9% | ||
| Q3 25 | 4.3% | 10.7% | ||
| Q2 25 | 69.1% | 9.5% | ||
| Q1 25 | 7.8% | 8.0% | ||
| Q4 24 | 13.2% | 10.6% | ||
| Q3 24 | 3.6% | 6.5% | ||
| Q2 24 | 5.9% | 2.6% |
每股收益（稀释后）DLRTHG
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $5.46 | ||
| Q3 25 | $0.15 | $4.90 | ||
| Q2 25 | $2.94 | $4.30 | ||
| Q1 25 | $0.27 | $3.50 | ||
| Q4 24 | $0.50 | $4.60 | ||
| Q3 24 | $0.09 | $2.80 | ||
| Q2 24 | $0.20 | $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 | $3.5B | $1.1B |
| 总债务越低越好 | — | $843.3M |
| 股东权益账面价值 | $22.9B | $3.6B |
| 总资产 | $49.4B | $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DLRTHG
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $1.1B | ||
| Q3 25 | $3.3B | $915.7M | ||
| Q2 25 | $3.6B | $244.1M | ||
| Q1 25 | $2.3B | $315.1M | ||
| Q4 24 | $3.9B | $435.5M | ||
| Q3 24 | $2.2B | $427.1M | ||
| Q2 24 | $2.3B | $337.6M |
总债务DLRTHG
| Q1 26 | — | — | ||
| Q4 25 | — | $843.3M | ||
| Q3 25 | — | $843.0M | ||
| Q2 25 | — | $347.8M | ||
| Q1 25 | — | $722.5M | ||
| Q4 24 | — | $722.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DLRTHG
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $3.6B | ||
| Q3 25 | $23.0B | $3.4B | ||
| Q2 25 | $22.9B | $3.2B | ||
| Q1 25 | $21.3B | $3.0B | ||
| Q4 24 | $21.3B | $2.8B | ||
| Q3 24 | $21.2B | $2.9B | ||
| Q2 24 | $20.5B | $2.6B |
总资产DLRTHG
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $16.9B | ||
| Q3 25 | $48.7B | $16.8B | ||
| Q2 25 | $48.7B | $15.7B | ||
| Q1 25 | $45.1B | $15.5B | ||
| Q4 24 | $45.3B | $15.3B | ||
| Q3 24 | $45.3B | $15.4B | ||
| Q2 24 | $43.6B | $14.9B |
负债/权益比DLRTHG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $377.0M |
| 自由现金流率自由现金流/营收 | — | 22.6% |
| 资本支出强度资本支出/营收 | — | 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 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流DLRTHG
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $378.2M | ||
| Q3 25 | $652.9M | $554.4M | ||
| Q2 25 | $641.2M | $206.6M | ||
| Q1 25 | $399.1M | $38.9M | ||
| Q4 24 | $769.5M | $213.5M | ||
| Q3 24 | $566.5M | $394.7M | ||
| Q2 24 | $573.2M | $139.5M |
自由现金流DLRTHG
| Q1 26 | — | — | ||
| Q4 25 | — | $377.0M | ||
| Q3 25 | — | $551.4M | ||
| Q2 25 | — | $204.9M | ||
| Q1 25 | — | $37.1M | ||
| Q4 24 | — | $210.5M | ||
| Q3 24 | — | $392.3M | ||
| Q2 24 | — | $137.3M |
自由现金流率DLRTHG
| Q1 26 | — | — | ||
| Q4 25 | — | 22.6% | ||
| Q3 25 | — | 33.1% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | — | 8.9% |
资本支出强度DLRTHG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% |
现金转化率DLRTHG
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | 1.91× | ||
| Q3 25 | 9.63× | 3.10× | ||
| Q2 25 | 0.62× | 1.32× | ||
| Q1 25 | 3.63× | 0.30× | ||
| Q4 24 | 4.06× | 1.27× | ||
| Q3 24 | 11.07× | 3.87× | ||
| Q2 24 | 7.15× | 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
DLR
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% |
