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Jacobs Solutions（J）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
Jacobs Solutions的季度营收约是HANOVER INSURANCE GROUP, INC.的2.0倍（$3.3B vs $1.7B），HANOVER INSURANCE GROUP, INC.净利率更高（11.9% vs 3.8%，领先8.1%），Jacobs Solutions同比增速更快（12.3% vs 5.5%），HANOVER INSURANCE GROUP, INC.自由现金流更多（$377.0M vs $364.9M），过去两年HANOVER INSURANCE GROUP, INC.的营收复合增速更高（3.8% vs -12.2%）
Jacobs Solutions是总部位于美国得克萨斯州达拉斯市的国际技术专业服务企业，面向全球各类企业、社会组织及政府机构客户，提供工程、技术、专业及施工服务，同时开展科学研究与专项咨询业务，在所属行业长期处于领先地位。
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。
J vs THG — 直观对比
营收规模更大
J
是对方的2.0倍
$1.7B
营收增速更快
J
高出6.8%
5.5%
净利率更高
THG
高出8.1%
3.8%
自由现金流更多
THG
多$12.1M
$364.9M
两年增速更快
THG
近两年复合增速
-12.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.7B |
| 净利润 | $125.5M | $198.5M |
| 毛利率 | 23.2% | — |
| 营业利润率 | 7.1% | 17.3% |
| 净利率 | 3.8% | 11.9% |
| 营收同比 | 12.3% | 5.5% |
| 净利润同比 | 792.3% | 18.2% |
| 每股收益（稀释后） | $1.12 | $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JTHG
| Q4 25 | $3.3B | $1.7B | ||
| Q3 25 | $3.2B | $1.7B | ||
| Q2 25 | $3.0B | $1.7B | ||
| Q1 25 | $2.9B | $1.6B | ||
| Q4 24 | $2.9B | $1.6B | ||
| Q3 24 | $-1.2B | $1.6B | ||
| Q2 24 | $4.2B | $1.5B | ||
| Q1 24 | $4.3B | $1.6B |
净利润JTHG
| Q4 25 | $125.5M | $198.5M | ||
| Q3 25 | $122.2M | $178.7M | ||
| Q2 25 | $179.6M | $157.1M | ||
| Q1 25 | $5.6M | $128.2M | ||
| Q4 24 | $-18.1M | $167.9M | ||
| Q3 24 | $325.4M | $102.1M | ||
| Q2 24 | $146.9M | $40.5M | ||
| Q1 24 | $162.1M | $115.5M |
毛利率JTHG
| Q4 25 | 23.2% | — | ||
| Q3 25 | 24.3% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 25.4% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 21.7% | — | ||
| Q1 24 | 21.2% | — |
营业利润率JTHG
| Q4 25 | 7.1% | 17.3% | ||
| Q3 25 | 6.7% | 14.9% | ||
| Q2 25 | 7.8% | 12.7% | ||
| Q1 25 | 7.2% | 11.6% | ||
| Q4 24 | 7.1% | 16.1% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | 6.2% | 6.2% | ||
| Q1 24 | 6.6% | 9.7% |
净利率JTHG
| Q4 25 | 3.8% | 11.9% | ||
| Q3 25 | 3.9% | 10.7% | ||
| Q2 25 | 5.9% | 9.5% | ||
| Q1 25 | 0.2% | 8.0% | ||
| Q4 24 | -0.6% | 10.6% | ||
| Q3 24 | -28.1% | 6.5% | ||
| Q2 24 | 3.5% | 2.6% | ||
| Q1 24 | 3.8% | 7.4% |
每股收益（稀释后）JTHG
| Q4 25 | $1.12 | $5.46 | ||
| Q3 25 | $0.88 | $4.90 | ||
| Q2 25 | $1.55 | $4.30 | ||
| Q1 25 | $0.06 | $3.50 | ||
| Q4 24 | $-0.11 | $4.60 | ||
| Q3 24 | $2.50 | $2.80 | ||
| Q2 24 | $1.17 | $1.12 | ||
| Q1 24 | $1.28 | $3.18 |
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 | $1.6B | $1.1B |
| 总债务越低越好 | — | $843.3M |
| 股东权益账面价值 | $3.4B | $3.6B |
| 总资产 | $11.6B | $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JTHG
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.2B | $915.7M | ||
| Q2 25 | $1.3B | $244.1M | ||
| Q1 25 | $1.2B | $315.1M | ||
| Q4 24 | $1.3B | $435.5M | ||
| Q3 24 | $1.1B | $427.1M | ||
| Q2 24 | $1.2B | $337.6M | ||
| Q1 24 | $1.0B | $264.6M |
总债务JTHG
| 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 24 | — | — |
股东权益JTHG
| Q4 25 | $3.4B | $3.6B | ||
| Q3 25 | $3.6B | $3.4B | ||
| Q2 25 | $3.8B | $3.2B | ||
| Q1 25 | $3.9B | $3.0B | ||
| Q4 24 | $4.2B | $2.8B | ||
| Q3 24 | $4.5B | $2.9B | ||
| Q2 24 | $6.6B | $2.6B | ||
| Q1 24 | $6.6B | $2.5B |
总资产JTHG
| Q4 25 | $11.6B | $16.9B | ||
| Q3 25 | $11.3B | $16.8B | ||
| Q2 25 | $11.4B | $15.7B | ||
| Q1 25 | $11.2B | $15.5B | ||
| Q4 24 | $11.6B | $15.3B | ||
| Q3 24 | $11.8B | $15.4B | ||
| Q2 24 | $15.0B | $14.9B | ||
| Q1 24 | $14.9B | $14.6B |
负债/权益比JTHG
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $380.8M | $378.2M |
| 自由现金流经营现金流 - 资本支出 | $364.9M | $377.0M |
| 自由现金流率自由现金流/营收 | 11.1% | 22.6% |
| 资本支出强度资本支出/营收 | 0.5% | 0.1% |
| 现金转化率经营现金流/净利润 | 3.03× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $875.3M | $1.2B |
8季度趋势，按日历期对齐
经营现金流JTHG
| Q4 25 | $380.8M | $378.2M | ||
| Q3 25 | $383.1M | $554.4M | ||
| Q2 25 | $292.6M | $206.6M | ||
| Q1 25 | $-96.4M | $38.9M | ||
| Q4 24 | $107.5M | $213.5M | ||
| Q3 24 | $196.5M | $394.7M | ||
| Q2 24 | $482.6M | $139.5M | ||
| Q1 24 | $-42.8M | $58.7M |
自由现金流JTHG
| Q4 25 | $364.9M | $377.0M | ||
| Q3 25 | $353.5M | $551.4M | ||
| Q2 25 | $270.5M | $204.9M | ||
| Q1 25 | $-113.7M | $37.1M | ||
| Q4 24 | $97.1M | $210.5M | ||
| Q3 24 | $158.2M | $392.3M | ||
| Q2 24 | $444.9M | $137.3M | ||
| Q1 24 | $-70.6M | $56.1M |
自由现金流率JTHG
| Q4 25 | 11.1% | 22.6% | ||
| Q3 25 | 11.2% | 33.1% | ||
| Q2 25 | 8.9% | 12.4% | ||
| Q1 25 | -3.9% | 2.3% | ||
| Q4 24 | 3.3% | 13.3% | ||
| Q3 24 | -13.6% | 25.1% | ||
| Q2 24 | 10.5% | 8.9% | ||
| Q1 24 | -1.7% | 3.6% |
资本支出强度JTHG
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.9% | 0.2% | ||
| Q2 25 | 0.7% | 0.1% | ||
| Q1 25 | 0.6% | 0.1% | ||
| Q4 24 | 0.4% | 0.2% | ||
| Q3 24 | -3.3% | 0.2% | ||
| Q2 24 | 0.9% | 0.1% | ||
| Q1 24 | 0.7% | 0.2% |
现金转化率JTHG
| Q4 25 | 3.03× | 1.91× | ||
| Q3 25 | 3.13× | 3.10× | ||
| Q2 25 | 1.63× | 1.32× | ||
| Q1 25 | -17.18× | 0.30× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | 0.60× | 3.87× | ||
| Q2 24 | 3.28× | 3.44× | ||
| Q1 24 | -0.26× | 0.51× |
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
J
| Infrastructure Advanced Facilities | $2.9B | 89% |
| PA Consulting | $354.4M | 11% |
THG
| Personal Lines Segment | $684.6M | 41% |
| Core Commercial Lines Segment | $617.8M | 37% |
| Specialty Lines Segment | $377.9M | 23% |
