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Side-by-side financial comparison of F&G Annuities & Life, Inc. (FG) 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 $1.8B, roughly 2.0× F&G Annuities & Life, Inc.). F&G Annuities & Life, Inc. 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 13.2%). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs 6.1%).

F&G Annuities & Life, Inc. is a public company headquartered in Des Moines, Iowa. It primarily provides annuities, life insurance, and pension buyout services. The company was founded in 1959.

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.

FG vs HII — Head-to-Head

Bigger by revenue
HII
HII
2.0× larger
HII
$3.5B
$1.8B
FG
Growing faster (revenue YoY)
HII
HII
+2.5% gap
HII
15.7%
13.2%
FG
Higher net margin
FG
FG
2.7% more per $
FG
7.3%
4.6%
HII
Faster 2-yr revenue CAGR
HII
HII
Annualised
HII
11.3%
6.1%
FG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FG
FG
HII
HII
Revenue
$1.8B
$3.5B
Net Profit
$128.0M
$159.0M
Gross Margin
Operating Margin
4.9%
Net Margin
7.3%
4.6%
Revenue YoY
13.2%
15.7%
Net Profit YoY
-60.9%
29.3%
EPS (diluted)
$0.97
$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.

Revenue
FG
FG
HII
HII
Q4 25
$1.8B
$3.5B
Q3 25
$1.7B
$3.2B
Q2 25
$1.4B
$3.1B
Q1 25
$908.0M
$2.7B
Q4 24
$1.6B
$3.0B
Q3 24
$1.4B
$2.7B
Q2 24
$1.2B
$3.0B
Q1 24
$1.6B
$2.8B
Net Profit
FG
FG
HII
HII
Q4 25
$128.0M
$159.0M
Q3 25
$118.0M
$145.0M
Q2 25
$40.0M
$152.0M
Q1 25
$-21.0M
$149.0M
Q4 24
$327.0M
$123.0M
Q3 24
$-6.0M
$101.0M
Q2 24
$203.0M
$173.0M
Q1 24
$115.0M
$153.0M
Operating Margin
FG
FG
HII
HII
Q4 25
4.9%
Q3 25
5.0%
Q2 25
5.3%
Q1 25
5.9%
Q4 24
3.7%
Q3 24
3.0%
Q2 24
6.3%
Q1 24
5.5%
Net Margin
FG
FG
HII
HII
Q4 25
7.3%
4.6%
Q3 25
7.0%
4.5%
Q2 25
2.9%
4.9%
Q1 25
-2.3%
5.4%
Q4 24
21.0%
4.1%
Q3 24
-0.4%
3.7%
Q2 24
17.3%
5.8%
Q1 24
7.3%
5.5%
EPS (diluted)
FG
FG
HII
HII
Q4 25
$0.97
$4.06
Q3 25
$0.85
$3.68
Q2 25
$0.26
$3.86
Q1 25
$-0.20
$3.79
Q4 24
$2.53
$3.15
Q3 24
$-0.08
$2.56
Q2 24
$1.55
$4.38
Q1 24
$0.88
$3.87

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FG
FG
HII
HII
Cash + ST InvestmentsLiquidity on hand
$1.5B
Total DebtLower is stronger
$2.2B
$2.7B
Stockholders' EquityBook value
$4.8B
$5.1B
Total Assets
$98.4B
$12.7B
Debt / EquityLower = less leverage
0.47×
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FG
FG
HII
HII
Q4 25
$1.5B
Q3 25
$2.2B
Q2 25
$1.9B
Q1 25
$3.3B
Q4 24
$2.3B
Q3 24
$3.5B
Q2 24
$3.5B
Q1 24
$2.4B
$10.0M
Total Debt
FG
FG
HII
HII
Q4 25
$2.2B
$2.7B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
$2.7B
Q3 24
$2.0B
Q2 24
$2.0B
Q1 24
$1.7B
Stockholders' Equity
FG
FG
HII
HII
Q4 25
$4.8B
$5.1B
Q3 25
$4.8B
$5.0B
Q2 25
$4.4B
$4.9B
Q1 25
$4.4B
$4.8B
Q4 24
$4.0B
$4.7B
Q3 24
$4.3B
$4.2B
Q2 24
$3.7B
$4.2B
Q1 24
$3.5B
$4.1B
Total Assets
FG
FG
HII
HII
Q4 25
$98.4B
$12.7B
Q3 25
$96.1B
$12.3B
Q2 25
$91.8B
$12.1B
Q1 25
$88.0B
$12.1B
Q4 24
$85.0B
$12.1B
Q3 24
$84.1B
$11.1B
Q2 24
$78.5B
$11.3B
Q1 24
$74.4B
$11.2B
Debt / Equity
FG
FG
HII
HII
Q4 25
0.47×
0.53×
Q3 25
0.46×
Q2 25
0.50×
Q1 25
0.51×
Q4 24
0.55×
0.58×
Q3 24
0.47×
Q2 24
0.56×
Q1 24
0.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FG
FG
HII
HII
Operating Cash FlowLast quarter
$1.2B
$650.0M
Free Cash FlowOCF − Capex
$516.0M
FCF MarginFCF / Revenue
14.8%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
9.13×
4.09×
TTM Free Cash FlowTrailing 4 quarters
$794.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FG
FG
HII
HII
Q4 25
$1.2B
$650.0M
Q3 25
$937.0M
$118.0M
Q2 25
$1.6B
$823.0M
Q1 25
$956.0M
$-395.0M
Q4 24
$1.3B
$391.0M
Q3 24
$2.1B
$213.0M
Q2 24
$1.1B
$-9.0M
Q1 24
$1.5B
$-202.0M
Free Cash Flow
FG
FG
HII
HII
Q4 25
$516.0M
Q3 25
$13.0M
Q2 25
$727.0M
Q1 25
$-462.0M
Q4 24
$277.0M
Q3 24
$125.0M
Q2 24
$-99.0M
Q1 24
$-277.0M
FCF Margin
FG
FG
HII
HII
Q4 25
14.8%
Q3 25
0.4%
Q2 25
23.6%
Q1 25
-16.9%
Q4 24
9.2%
Q3 24
4.5%
Q2 24
-3.3%
Q1 24
-9.9%
Capex Intensity
FG
FG
HII
HII
Q4 25
3.9%
Q3 25
3.3%
Q2 25
3.1%
Q1 25
2.5%
Q4 24
3.8%
Q3 24
3.2%
Q2 24
3.0%
Q1 24
2.7%
Cash Conversion
FG
FG
HII
HII
Q4 25
9.13×
4.09×
Q3 25
7.94×
0.81×
Q2 25
40.50×
5.41×
Q1 25
-2.65×
Q4 24
4.04×
3.18×
Q3 24
2.11×
Q2 24
5.20×
-0.05×
Q1 24
13.34×
-1.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FG
FG

Segment breakdown not available.

HII
HII

Aircraftcarriers$984.0M28%
Fixedpriceincentive$758.0M22%
Submarines$744.0M21%
Surfacecombatantsandcoastguardcutters$452.0M13%
Amphibiousassaultships$433.0M12%
Costtype$123.0M4%
Otherprograms$4.0M0%

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