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Side-by-side financial comparison of GLOBAL PARTNERS LP (GLP) 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 $2.2B, roughly 1.6× GLOBAL PARTNERS LP). Huntington Ingalls Industries runs the higher net margin — 4.6% vs 1.1%, a 3.4% 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 $62.2M). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs 0.2%).

Global Partners LP is an American energy supply company ranked 361 in the 2018 Fortune 500. The company is organized as a master limited partnership, and its operations focus on the importing of petroleum products and marketing them in North America. It wholesales products like crude oil, diesel oil, gasoline, heating oil and kerosene.

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.

GLP vs HII — Head-to-Head

Bigger by revenue
HII
HII
1.6× larger
HII
$3.5B
$2.2B
GLP
Growing faster (revenue YoY)
HII
HII
+8.7% gap
HII
15.7%
7.0%
GLP
Higher net margin
HII
HII
3.4% more per $
HII
4.6%
1.1%
GLP
More free cash flow
HII
HII
$453.8M more FCF
HII
$516.0M
$62.2M
GLP
Faster 2-yr revenue CAGR
HII
HII
Annualised
HII
11.3%
0.2%
GLP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GLP
GLP
HII
HII
Revenue
$2.2B
$3.5B
Net Profit
$25.1M
$159.0M
Gross Margin
11.9%
Operating Margin
2.6%
4.9%
Net Margin
1.1%
4.6%
Revenue YoY
7.0%
15.7%
Net Profit YoY
5.0%
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.

Revenue
GLP
GLP
HII
HII
Q4 25
$2.2B
$3.5B
Q3 25
$2.2B
$3.2B
Q2 25
$2.1B
$3.1B
Q1 25
$2.2B
$2.7B
Q4 24
$2.1B
$3.0B
Q3 24
$2.1B
$2.7B
Q2 24
$2.3B
$3.0B
Q1 24
$2.2B
$2.8B
Net Profit
GLP
GLP
HII
HII
Q4 25
$25.1M
$159.0M
Q3 25
$29.0M
$145.0M
Q2 25
$25.2M
$152.0M
Q1 25
$18.7M
$149.0M
Q4 24
$23.9M
$123.0M
Q3 24
$45.9M
$101.0M
Q2 24
$46.1M
$173.0M
Q1 24
$-5.6M
$153.0M
Gross Margin
GLP
GLP
HII
HII
Q4 25
11.9%
Q3 25
12.1%
Q2 25
13.1%
Q1 25
11.7%
Q4 24
13.0%
Q3 24
13.4%
Q2 24
12.6%
Q1 24
9.8%
Operating Margin
GLP
GLP
HII
HII
Q4 25
2.6%
4.9%
Q3 25
2.7%
5.0%
Q2 25
2.9%
5.3%
Q1 25
2.6%
5.9%
Q4 24
2.8%
3.7%
Q3 24
3.9%
3.0%
Q2 24
3.7%
6.3%
Q1 24
1.2%
5.5%
Net Margin
GLP
GLP
HII
HII
Q4 25
1.1%
4.6%
Q3 25
1.3%
4.5%
Q2 25
1.2%
4.9%
Q1 25
0.9%
5.4%
Q4 24
1.2%
4.1%
Q3 24
2.1%
3.7%
Q2 24
2.0%
5.8%
Q1 24
-0.3%
5.5%
EPS (diluted)
GLP
GLP
HII
HII
Q4 25
$4.06
Q3 25
$3.68
Q2 25
$3.86
Q1 25
$3.79
Q4 24
$3.15
Q3 24
$2.56
Q2 24
$4.38
Q1 24
$3.87

Balance Sheet & Financial Strength

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

Metric
GLP
GLP
HII
HII
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$5.1B
Total Assets
$3.9B
$12.7B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLP
GLP
HII
HII
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$10.0M
Total Debt
GLP
GLP
HII
HII
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.7B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GLP
GLP
HII
HII
Q4 25
$5.1B
Q3 25
$5.0B
Q2 25
$4.9B
Q1 25
$4.8B
Q4 24
$4.7B
Q3 24
$4.2B
Q2 24
$4.2B
Q1 24
$4.1B
Total Assets
GLP
GLP
HII
HII
Q4 25
$3.9B
$12.7B
Q3 25
$3.7B
$12.3B
Q2 25
$3.8B
$12.1B
Q1 25
$3.8B
$12.1B
Q4 24
$3.8B
$12.1B
Q3 24
$3.7B
$11.1B
Q2 24
$3.8B
$11.3B
Q1 24
$3.5B
$11.2B
Debt / Equity
GLP
GLP
HII
HII
Q4 25
0.53×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
GLP
GLP
HII
HII
Operating Cash FlowLast quarter
$101.0M
$650.0M
Free Cash FlowOCF − Capex
$62.2M
$516.0M
FCF MarginFCF / Revenue
2.8%
14.8%
Capex IntensityCapex / Revenue
1.8%
3.9%
Cash ConversionOCF / Net Profit
4.03×
4.09×
TTM Free Cash FlowTrailing 4 quarters
$193.3M
$794.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLP
GLP
HII
HII
Q4 25
$101.0M
$650.0M
Q3 25
$19.0M
$118.0M
Q2 25
$216.3M
$823.0M
Q1 25
$-51.6M
$-395.0M
Q4 24
$67.2M
$391.0M
Q3 24
$122.7M
$213.0M
Q2 24
$24.3M
$-9.0M
Q1 24
$-182.7M
$-202.0M
Free Cash Flow
GLP
GLP
HII
HII
Q4 25
$62.2M
$516.0M
Q3 25
$-678.0K
$13.0M
Q2 25
$201.3M
$727.0M
Q1 25
$-69.5M
$-462.0M
Q4 24
$20.4M
$277.0M
Q3 24
$98.4M
$125.0M
Q2 24
$8.7M
$-99.0M
Q1 24
$-199.3M
$-277.0M
FCF Margin
GLP
GLP
HII
HII
Q4 25
2.8%
14.8%
Q3 25
-0.0%
0.4%
Q2 25
9.7%
23.6%
Q1 25
-3.2%
-16.9%
Q4 24
1.0%
9.2%
Q3 24
4.6%
4.5%
Q2 24
0.4%
-3.3%
Q1 24
-9.0%
-9.9%
Capex Intensity
GLP
GLP
HII
HII
Q4 25
1.8%
3.9%
Q3 25
0.9%
3.3%
Q2 25
0.7%
3.1%
Q1 25
0.8%
2.5%
Q4 24
2.3%
3.8%
Q3 24
1.1%
3.2%
Q2 24
0.7%
3.0%
Q1 24
0.8%
2.7%
Cash Conversion
GLP
GLP
HII
HII
Q4 25
4.03×
4.09×
Q3 25
0.66×
0.81×
Q2 25
8.58×
5.41×
Q1 25
-2.76×
-2.65×
Q4 24
2.82×
3.18×
Q3 24
2.67×
2.11×
Q2 24
0.53×
-0.05×
Q1 24
-1.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLP
GLP

Gasoline$1.0B46%
Refined Petroleum Products Renewable Fuels Crude Oil And Propane$884.7M40%
Commercial Segment$187.6M8%
Station Operations$110.5M5%

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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