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Primo Brands Corp（PRMB）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Primo Brands Corp的1.0倍（$1.7B vs $1.6B），HANOVER INSURANCE GROUP, INC.净利率更高（11.0% vs 1.7%，领先9.3%），HANOVER INSURANCE GROUP, INC.同比增速更快（6.1% vs 0.8%），过去两年Primo Brands Corp的营收复合增速更高（19.7% vs 5.2%）
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
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。
PRMB 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
THG
高出5.4%
0.8%
净利率更高
THG
高出9.3%
1.7%
两年增速更快
PRMB
近两年复合增速
5.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.7B |
| 净利润 | $27.3M | $186.8M |
| 毛利率 | 28.6% | — |
| 营业利润率 | 8.5% | 11.1% |
| 净利率 | 1.7% | 11.0% |
| 营收同比 | 0.8% | 6.1% |
| 净利润同比 | -4.9% | 45.7% |
| 每股收益（稀释后） | $0.07 | — |
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PRMBTHG
| Q1 26 | $1.6B | $1.7B | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $0 | $1.6B | ||
| Q2 24 | $1.3B | $1.5B |
净利润PRMBTHG
| Q1 26 | $27.3M | $186.8M | ||
| Q4 25 | $-13.0M | $198.5M | ||
| Q3 25 | $16.8M | $178.7M | ||
| Q2 25 | $27.6M | $157.1M | ||
| Q1 25 | $28.7M | $128.2M | ||
| Q4 24 | — | $167.9M | ||
| Q3 24 | $-2.0K | $102.1M | ||
| Q2 24 | $54.5M | $40.5M |
毛利率PRMBTHG
| Q1 26 | 28.6% | — | ||
| Q4 25 | 27.7% | — | ||
| Q3 25 | 29.9% | — | ||
| Q2 25 | 31.3% | — | ||
| Q1 25 | 32.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 32.7% | — |
营业利润率PRMBTHG
| Q1 26 | 8.5% | 11.1% | ||
| Q4 25 | 1.2% | 17.3% | ||
| Q3 25 | 8.3% | 14.9% | ||
| Q2 25 | 6.5% | 12.7% | ||
| Q1 25 | 9.5% | 11.6% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | 12.1% | 6.2% |
净利率PRMBTHG
| Q1 26 | 1.7% | 11.0% | ||
| Q4 25 | -0.8% | 11.9% | ||
| Q3 25 | 1.0% | 10.7% | ||
| Q2 25 | 1.6% | 9.5% | ||
| Q1 25 | 1.8% | 8.0% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | 4.1% | 2.6% |
每股收益（稀释后）PRMBTHG
| Q1 26 | $0.07 | — | ||
| Q4 25 | $-0.03 | $5.46 | ||
| Q3 25 | $0.04 | $4.90 | ||
| Q2 25 | $0.07 | $4.30 | ||
| Q1 25 | $0.08 | $3.50 | ||
| Q4 24 | — | $4.60 | ||
| Q3 24 | $-20.00 | $2.80 | ||
| Q2 24 | $0.25 | $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 | — | $243.5M |
| 总债务越低越好 | $5.2B | $843.8M |
| 股东权益账面价值 | $3.0B | $3.0B |
| 总资产 | $10.6B | $16.5B |
| 负债/权益比越低杠杆越低 | 1.74× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资PRMBTHG
| Q1 26 | — | $243.5M | ||
| Q4 25 | $376.7M | $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PRMBTHG
| Q1 26 | $5.2B | $843.8M | ||
| Q4 25 | $5.2B | $843.3M | ||
| Q3 25 | $5.1B | $843.0M | ||
| Q2 25 | $5.1B | $347.8M | ||
| Q1 25 | $5.0B | $722.5M | ||
| Q4 24 | — | $722.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PRMBTHG
| Q1 26 | $3.0B | $3.0B | ||
| Q4 25 | $3.0B | $3.6B | ||
| Q3 25 | $3.2B | $3.4B | ||
| Q2 25 | $3.2B | $3.2B | ||
| Q1 25 | $3.3B | $3.0B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $-2.0K | $2.9B | ||
| Q2 24 | $-296.8M | $2.6B |
总资产PRMBTHG
| Q1 26 | $10.6B | $16.5B | ||
| Q4 25 | $10.6B | $16.9B | ||
| Q3 25 | $11.0B | $16.8B | ||
| Q2 25 | $11.0B | $15.7B | ||
| Q1 25 | $11.0B | $15.5B | ||
| Q4 24 | — | $15.3B | ||
| Q3 24 | $0 | $15.4B | ||
| Q2 24 | — | $14.9B |
负债/权益比PRMBTHG
| Q1 26 | 1.74× | 0.28× | ||
| Q4 25 | 1.72× | 0.24× | ||
| Q3 25 | 1.61× | 0.25× | ||
| Q2 25 | 1.57× | 0.11× | ||
| Q1 25 | 1.51× | 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 | $103.8M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 2.9% | — |
| 现金转化率经营现金流/净利润 | 3.80× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PRMBTHG
| Q1 26 | $103.8M | — | ||
| Q4 25 | $203.1M | $378.2M | ||
| Q3 25 | $283.4M | $554.4M | ||
| Q2 25 | $155.0M | $206.6M | ||
| Q1 25 | $38.8M | $38.9M | ||
| Q4 24 | — | $213.5M | ||
| Q3 24 | $0 | $394.7M | ||
| Q2 24 | $102.5M | $139.5M |
自由现金流PRMBTHG
| Q1 26 | — | — | ||
| Q4 25 | $57.3M | $377.0M | ||
| Q3 25 | $167.7M | $551.4M | ||
| Q2 25 | $101.1M | $204.9M | ||
| Q1 25 | $-23.2M | $37.1M | ||
| Q4 24 | — | $210.5M | ||
| Q3 24 | — | $392.3M | ||
| Q2 24 | $61.4M | $137.3M |
自由现金流率PRMBTHG
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 22.6% | ||
| Q3 25 | 9.5% | 33.1% | ||
| Q2 25 | 5.8% | 12.4% | ||
| Q1 25 | -1.4% | 2.3% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | 4.7% | 8.9% |
资本支出强度PRMBTHG
| Q1 26 | 2.9% | — | ||
| Q4 25 | 9.4% | 0.1% | ||
| Q3 25 | 6.6% | 0.2% | ||
| Q2 25 | 3.1% | 0.1% | ||
| Q1 25 | 3.8% | 0.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | 3.1% | 0.1% |
现金转化率PRMBTHG
| Q1 26 | 3.80× | — | ||
| Q4 25 | — | 1.91× | ||
| Q3 25 | 16.87× | 3.10× | ||
| Q2 25 | 5.62× | 1.32× | ||
| Q1 25 | 1.35× | 0.30× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | 1.88× | 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
PRMB
| Regional spring water | $801.2M | 49% |
| Purified water | $511.2M | 31% |
| Other | $208.2M | 13% |
| Premium water | $105.5M | 6% |
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
