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Dover Corporation（DOV）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
Dover Corporation的季度营收约是HANOVER INSURANCE GROUP, INC.的1.3倍（$2.1B vs $1.7B），Dover Corporation净利率更高（13.4% vs 11.9%，领先1.6%），Dover Corporation同比增速更快（12.5% vs 5.5%），过去两年HANOVER INSURANCE GROUP, INC.的营收复合增速更高（3.8% vs -1.8%）
美国工业产品综合性制造集团，1955年成立，总部位于伊利诺伊州唐纳斯格罗夫。旗下业务分为工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术五大板块，为标普500指数成分股，纽交所交易代码DOV，2024年位列财富榜单第448位。
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。
DOV vs THG — 直观对比
营收规模更大
DOV
是对方的1.3倍
$1.7B
营收增速更快
DOV
高出7.0%
5.5%
净利率更高
DOV
高出1.6%
11.9%
两年增速更快
THG
近两年复合增速
-1.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.7B |
| 净利润 | $282.1M | $198.5M |
| 毛利率 | 39.1% | — |
| 营业利润率 | 16.5% | 17.3% |
| 净利率 | 13.4% | 11.9% |
| 营收同比 | 12.5% | 5.5% |
| 净利润同比 | 22.2% | 18.2% |
| 每股收益（稀释后） | $2.06 | $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DOVTHG
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $2.0B | $1.7B | ||
| Q1 25 | $1.9B | $1.6B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $2.2B | $1.5B |
净利润DOVTHG
| Q1 26 | $282.1M | — | ||
| Q4 25 | $282.1M | $198.5M | ||
| Q3 25 | $302.0M | $178.7M | ||
| Q2 25 | $279.1M | $157.1M | ||
| Q1 25 | $230.8M | $128.2M | ||
| Q4 24 | $1.4B | $167.9M | ||
| Q3 24 | $347.1M | $102.1M | ||
| Q2 24 | $281.8M | $40.5M |
毛利率DOVTHG
| Q1 26 | 39.1% | — | ||
| Q4 25 | 39.1% | — | ||
| Q3 25 | 40.1% | — | ||
| Q2 25 | 39.9% | — | ||
| Q1 25 | 40.0% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 38.5% | — | ||
| Q2 24 | 37.7% | — |
营业利润率DOVTHG
| Q1 26 | 16.5% | — | ||
| Q4 25 | 16.5% | 17.3% | ||
| Q3 25 | 18.2% | 14.9% | ||
| Q2 25 | 17.3% | 12.7% | ||
| Q1 25 | 15.9% | 11.6% | ||
| Q4 24 | 14.0% | 16.1% | ||
| Q3 24 | 16.8% | 9.6% | ||
| Q2 24 | 17.0% | 6.2% |
净利率DOVTHG
| Q1 26 | 13.4% | — | ||
| Q4 25 | 13.4% | 11.9% | ||
| Q3 25 | 14.5% | 10.7% | ||
| Q2 25 | 13.6% | 9.5% | ||
| Q1 25 | 12.4% | 8.0% | ||
| Q4 24 | 96.4% | 10.6% | ||
| Q3 24 | 17.5% | 6.5% | ||
| Q2 24 | 12.9% | 2.6% |
每股收益（稀释后）DOVTHG
| Q1 26 | $2.06 | — | ||
| Q4 25 | $2.06 | $5.46 | ||
| Q3 25 | $2.19 | $4.90 | ||
| Q2 25 | $2.02 | $4.30 | ||
| Q1 25 | $1.67 | $3.50 | ||
| Q4 24 | $10.38 | $4.60 | ||
| Q3 24 | $2.51 | $2.80 | ||
| Q2 24 | $2.04 | $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 | — | $1.1B |
| 总债务越低越好 | $3.3B | $843.3M |
| 股东权益账面价值 | $7.4B | $3.6B |
| 总资产 | $13.4B | $16.9B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资DOVTHG
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $915.7M | ||
| Q2 25 | — | $244.1M | ||
| Q1 25 | — | $315.1M | ||
| Q4 24 | — | $435.5M | ||
| Q3 24 | — | $427.1M | ||
| Q2 24 | — | $337.6M |
总债务DOVTHG
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.3B | $843.3M | ||
| Q3 25 | $3.1B | $843.0M | ||
| Q2 25 | $3.1B | $347.8M | ||
| Q1 25 | $3.0B | $722.5M | ||
| Q4 24 | $2.9B | $722.3M | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — |
股东权益DOVTHG
| Q1 26 | $7.4B | — | ||
| Q4 25 | $7.4B | $3.6B | ||
| Q3 25 | $7.7B | $3.4B | ||
| Q2 25 | $7.4B | $3.2B | ||
| Q1 25 | $7.1B | $3.0B | ||
| Q4 24 | $7.0B | $2.8B | ||
| Q3 24 | $5.7B | $2.9B | ||
| Q2 24 | $5.4B | $2.6B |
总资产DOVTHG
| Q1 26 | $13.4B | — | ||
| Q4 25 | $13.4B | $16.9B | ||
| Q3 25 | $13.4B | $16.8B | ||
| Q2 25 | $13.2B | $15.7B | ||
| Q1 25 | $12.6B | $15.5B | ||
| Q4 24 | $12.5B | $15.3B | ||
| Q3 24 | $11.9B | $15.4B | ||
| Q2 24 | $11.3B | $14.9B |
负债/权益比DOVTHG
| Q1 26 | 0.45× | — | ||
| Q4 25 | 0.45× | 0.24× | ||
| Q3 25 | 0.40× | 0.25× | ||
| Q2 25 | 0.41× | 0.11× | ||
| Q1 25 | 0.42× | 0.24× | ||
| Q4 24 | 0.42× | 0.25× | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.55× | — |
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DOVTHG
| Q1 26 | — | — | ||
| Q4 25 | $543.9M | $378.2M | ||
| Q3 25 | $424.2M | $554.4M | ||
| Q2 25 | $212.3M | $206.6M | ||
| Q1 25 | $157.5M | $38.9M | ||
| Q4 24 | $439.0M | $213.5M | ||
| Q3 24 | $353.2M | $394.7M | ||
| Q2 24 | $203.7M | $139.5M |
自由现金流DOVTHG
| Q1 26 | — | — | ||
| Q4 25 | $487.0M | $377.0M | ||
| Q3 25 | $370.1M | $551.4M | ||
| Q2 25 | $151.4M | $204.9M | ||
| Q1 25 | $109.3M | $37.1M | ||
| Q4 24 | $385.0M | $210.5M | ||
| Q3 24 | $325.0M | $392.3M | ||
| Q2 24 | $162.8M | $137.3M |
自由现金流率DOVTHG
| Q1 26 | — | — | ||
| Q4 25 | 23.2% | 22.6% | ||
| Q3 25 | 17.8% | 33.1% | ||
| Q2 25 | 7.4% | 12.4% | ||
| Q1 25 | 5.9% | 2.3% | ||
| Q4 24 | 25.8% | 13.3% | ||
| Q3 24 | 16.4% | 25.1% | ||
| Q2 24 | 7.5% | 8.9% |
资本支出强度DOVTHG
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 0.1% | ||
| Q3 25 | 2.6% | 0.2% | ||
| Q2 25 | 3.0% | 0.1% | ||
| Q1 25 | 2.6% | 0.1% | ||
| Q4 24 | 3.6% | 0.2% | ||
| Q3 24 | 1.4% | 0.2% | ||
| Q2 24 | 1.9% | 0.1% |
现金转化率DOVTHG
| Q1 26 | — | — | ||
| Q4 25 | 1.93× | 1.91× | ||
| Q3 25 | 1.40× | 3.10× | ||
| Q2 25 | 0.76× | 1.32× | ||
| Q1 25 | 0.68× | 0.30× | ||
| Q4 24 | 0.31× | 1.27× | ||
| Q3 24 | 1.02× | 3.87× | ||
| Q2 24 | 0.72× | 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
DOV
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% |
