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Side-by-side financial comparison of Avery Dennison (AVY) and Huntington Ingalls Industries (HII). Click either name above to swap in a different company.
Huntington Ingalls Industries is the larger business by last-quarter revenue ($3.5B vs $2.3B, roughly 1.5× Avery Dennison). Avery Dennison runs the higher net margin — 7.3% vs 4.6%, a 2.7% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (15.7% vs 7.0%). Huntington Ingalls Industries produced more free cash flow last quarter ($516.0M vs $104.4M). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs 1.4%).
Avery Dennison Corporation is an American multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio.
Huntington Ingalls Industries, Inc. (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII was formed on 31 March 2011, as a divestiture from Northrop Grumman.
AVY vs HII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $3.5B |
| Net Profit | $168.1M | $159.0M |
| Gross Margin | 28.9% | — |
| Operating Margin | 10.7% | 4.9% |
| Net Margin | 7.3% | 4.6% |
| Revenue YoY | 7.0% | 15.7% |
| Net Profit YoY | 1.1% | 29.3% |
| EPS (diluted) | — | $4.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $3.5B | ||
| Q3 25 | $2.2B | $3.2B | ||
| Q2 25 | $2.2B | $3.1B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.2B | $3.0B | ||
| Q3 24 | $2.2B | $2.7B | ||
| Q2 24 | $2.2B | $3.0B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $159.0M | ||
| Q3 25 | $166.3M | $145.0M | ||
| Q2 25 | $189.0M | $152.0M | ||
| Q1 25 | $166.3M | $149.0M | ||
| Q4 24 | $174.0M | $123.0M | ||
| Q3 24 | $181.7M | $101.0M | ||
| Q2 24 | $176.8M | $173.0M |
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 29.6% | — |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | 4.9% | ||
| Q3 25 | 10.6% | 5.0% | ||
| Q2 25 | 11.5% | 5.3% | ||
| Q1 25 | 10.6% | 5.9% | ||
| Q4 24 | 11.0% | 3.7% | ||
| Q3 24 | 11.0% | 3.0% | ||
| Q2 24 | 10.7% | 6.3% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 4.6% | ||
| Q3 25 | 7.5% | 4.5% | ||
| Q2 25 | 8.5% | 4.9% | ||
| Q1 25 | 7.7% | 5.4% | ||
| Q4 24 | 8.0% | 4.1% | ||
| Q3 24 | 8.3% | 3.7% | ||
| Q2 24 | 7.9% | 5.8% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $4.06 | ||
| Q3 25 | $2.13 | $3.68 | ||
| Q2 25 | $2.41 | $3.86 | ||
| Q1 25 | $2.09 | $3.79 | ||
| Q4 24 | $2.17 | $3.15 | ||
| Q3 24 | $2.25 | $2.56 | ||
| Q2 24 | $2.18 | $4.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $255.1M | — |
| Total DebtLower is stronger | $3.2B | $2.7B |
| Stockholders' EquityBook value | $2.3B | $5.1B |
| Total Assets | $9.0B | $12.7B |
| Debt / EquityLower = less leverage | 1.38× | 0.53× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | — | ||
| Q3 25 | $536.3M | — | ||
| Q2 25 | $215.9M | — | ||
| Q1 25 | $195.9M | — | ||
| Q4 24 | $329.1M | — | ||
| Q3 24 | $212.7M | — | ||
| Q2 24 | $208.8M | — |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $2.7B | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $5.1B | ||
| Q3 25 | $2.2B | $5.0B | ||
| Q2 25 | $2.2B | $4.9B | ||
| Q1 25 | $2.2B | $4.8B | ||
| Q4 24 | $2.3B | $4.7B | ||
| Q3 24 | $2.4B | $4.2B | ||
| Q2 24 | $2.3B | $4.2B |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $12.7B | ||
| Q3 25 | $8.9B | $12.3B | ||
| Q2 25 | $8.6B | $12.1B | ||
| Q1 25 | $8.4B | $12.1B | ||
| Q4 24 | $8.4B | $12.1B | ||
| Q3 24 | $8.5B | $11.1B | ||
| Q2 24 | $8.3B | $11.3B |
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | 0.53× | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.11× | 0.58× | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 0.89× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $650.0M |
| Free Cash FlowOCF − Capex | $104.4M | $516.0M |
| FCF MarginFCF / Revenue | 4.5% | 14.8% |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | — | 4.09× |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | $794.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $650.0M | ||
| Q3 25 | $312.1M | $118.0M | ||
| Q2 25 | $208.8M | $823.0M | ||
| Q1 25 | $-16.3M | $-395.0M | ||
| Q4 24 | $351.2M | $391.0M | ||
| Q3 24 | $270.1M | $213.0M | ||
| Q2 24 | $197.7M | $-9.0M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $516.0M | ||
| Q3 25 | $276.2M | $13.0M | ||
| Q2 25 | $178.8M | $727.0M | ||
| Q1 25 | $-52.3M | $-462.0M | ||
| Q4 24 | $281.7M | $277.0M | ||
| Q3 24 | $227.1M | $125.0M | ||
| Q2 24 | $150.2M | $-99.0M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 14.8% | ||
| Q3 25 | 12.5% | 0.4% | ||
| Q2 25 | 8.1% | 23.6% | ||
| Q1 25 | -2.4% | -16.9% | ||
| Q4 24 | 12.9% | 9.2% | ||
| Q3 24 | 10.4% | 4.5% | ||
| Q2 24 | 6.7% | -3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 3.9% | ||
| Q3 25 | 1.6% | 3.3% | ||
| Q2 25 | 1.4% | 3.1% | ||
| Q1 25 | 1.7% | 2.5% | ||
| Q4 24 | 3.2% | 3.8% | ||
| Q3 24 | 2.0% | 3.2% | ||
| Q2 24 | 2.1% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 4.09× | ||
| Q3 25 | 1.88× | 0.81× | ||
| Q2 25 | 1.10× | 5.41× | ||
| Q1 25 | -0.10× | -2.65× | ||
| Q4 24 | 2.02× | 3.18× | ||
| Q3 24 | 1.49× | 2.11× | ||
| Q2 24 | 1.12× | -0.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
HII
| Aircraftcarriers | $984.0M | 28% |
| Fixedpriceincentive | $758.0M | 22% |
| Submarines | $744.0M | 21% |
| Surfacecombatantsandcoastguardcutters | $452.0M | 13% |
| Amphibiousassaultships | $433.0M | 12% |
| Costtype | $123.0M | 4% |
| Otherprograms | $4.0M | 0% |
