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Side-by-side financial comparison of Garmin (GRMN) 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 $2.1B, roughly 1.6× Garmin). Garmin runs the higher net margin — 24.9% vs 4.6%, a 20.3% gap on every dollar of revenue. On growth, Garmin posted the faster year-over-year revenue change (16.6% vs 15.7%). Huntington Ingalls Industries produced more free cash flow last quarter ($516.0M vs $429.6M). Over the past eight quarters, Garmin's revenue compounded faster (24.0% CAGR vs 11.3%).
Garmin Ltd. is an American multinational technology company based in Olathe, Kansas. The company designs, develops, manufactures, markets, and distributes GPS-enabled products and other navigation, communication, sensor-based, and information products to the automotive, aviation, marine, outdoors, and sport markets.
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.
GRMN vs HII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $3.5B |
| Net Profit | $528.7M | $159.0M |
| Gross Margin | 59.2% | — |
| Operating Margin | 28.9% | 4.9% |
| Net Margin | 24.9% | 4.6% |
| Revenue YoY | 16.6% | 15.7% |
| Net Profit YoY | 21.3% | 29.3% |
| EPS (diluted) | $2.72 | $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.
| Q4 25 | $2.1B | $3.5B | ||
| Q3 25 | $1.8B | $3.2B | ||
| Q2 25 | $1.8B | $3.1B | ||
| Q1 25 | $1.5B | $2.7B | ||
| Q4 24 | $1.8B | $3.0B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.5B | $3.0B | ||
| Q1 24 | $1.4B | $2.8B |
| Q4 25 | $528.7M | $159.0M | ||
| Q3 25 | $401.6M | $145.0M | ||
| Q2 25 | $400.8M | $152.0M | ||
| Q1 25 | $332.8M | $149.0M | ||
| Q4 24 | $435.7M | $123.0M | ||
| Q3 24 | $399.1M | $101.0M | ||
| Q2 24 | $300.6M | $173.0M | ||
| Q1 24 | $276.0M | $153.0M |
| Q4 25 | 59.2% | — | ||
| Q3 25 | 59.1% | — | ||
| Q2 25 | 58.8% | — | ||
| Q1 25 | 57.6% | — | ||
| Q4 24 | 59.3% | — | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | 57.3% | — | ||
| Q1 24 | 58.1% | — |
| Q4 25 | 28.9% | 4.9% | ||
| Q3 25 | 25.8% | 5.0% | ||
| Q2 25 | 26.0% | 5.3% | ||
| Q1 25 | 21.7% | 5.9% | ||
| Q4 24 | 28.3% | 3.7% | ||
| Q3 24 | 27.6% | 3.0% | ||
| Q2 24 | 22.7% | 6.3% | ||
| Q1 24 | 21.6% | 5.5% |
| Q4 25 | 24.9% | 4.6% | ||
| Q3 25 | 22.7% | 4.5% | ||
| Q2 25 | 22.1% | 4.9% | ||
| Q1 25 | 21.7% | 5.4% | ||
| Q4 24 | 23.9% | 4.1% | ||
| Q3 24 | 25.2% | 3.7% | ||
| Q2 24 | 20.0% | 5.8% | ||
| Q1 24 | 20.0% | 5.5% |
| Q4 25 | $2.72 | $4.06 | ||
| Q3 25 | $2.08 | $3.68 | ||
| Q2 25 | $2.07 | $3.86 | ||
| Q1 25 | $1.72 | $3.79 | ||
| Q4 24 | $2.24 | $3.15 | ||
| Q3 24 | $2.07 | $2.56 | ||
| Q2 24 | $1.56 | $4.38 | ||
| Q1 24 | $1.43 | $3.87 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.3B | — |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $9.0B | $5.1B |
| Total Assets | $11.0B | $12.7B |
| Debt / EquityLower = less leverage | — | 0.53× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | $10.0M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $9.0B | $5.1B | ||
| Q3 25 | $8.5B | $5.0B | ||
| Q2 25 | $8.1B | $4.9B | ||
| Q1 25 | $8.2B | $4.8B | ||
| Q4 24 | $7.8B | $4.7B | ||
| Q3 24 | $7.5B | $4.2B | ||
| Q2 24 | $7.0B | $4.2B | ||
| Q1 24 | $7.2B | $4.1B |
| Q4 25 | $11.0B | $12.7B | ||
| Q3 25 | $10.5B | $12.3B | ||
| Q2 25 | $10.3B | $12.1B | ||
| Q1 25 | $9.8B | $12.1B | ||
| Q4 24 | $9.6B | $12.1B | ||
| Q3 24 | $9.3B | $11.1B | ||
| Q2 24 | $8.9B | $11.3B | ||
| Q1 24 | $8.6B | $11.2B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $553.8M | $650.0M |
| Free Cash FlowOCF − Capex | $429.6M | $516.0M |
| FCF MarginFCF / Revenue | 20.2% | 14.8% |
| Capex IntensityCapex / Revenue | 5.8% | 3.9% |
| Cash ConversionOCF / Net Profit | 1.05× | 4.09× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $794.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $553.8M | $650.0M | ||
| Q3 25 | $485.6M | $118.0M | ||
| Q2 25 | $173.2M | $823.0M | ||
| Q1 25 | $420.8M | $-395.0M | ||
| Q4 24 | $483.9M | $391.0M | ||
| Q3 24 | $258.0M | $213.0M | ||
| Q2 24 | $255.3M | $-9.0M | ||
| Q1 24 | $435.3M | $-202.0M |
| Q4 25 | $429.6M | $516.0M | ||
| Q3 25 | $425.1M | $13.0M | ||
| Q2 25 | $127.5M | $727.0M | ||
| Q1 25 | $380.7M | $-462.0M | ||
| Q4 24 | $399.2M | $277.0M | ||
| Q3 24 | $219.4M | $125.0M | ||
| Q2 24 | $218.2M | $-99.0M | ||
| Q1 24 | $402.1M | $-277.0M |
| Q4 25 | 20.2% | 14.8% | ||
| Q3 25 | 24.0% | 0.4% | ||
| Q2 25 | 7.0% | 23.6% | ||
| Q1 25 | 24.8% | -16.9% | ||
| Q4 24 | 21.9% | 9.2% | ||
| Q3 24 | 13.8% | 4.5% | ||
| Q2 24 | 14.5% | -3.3% | ||
| Q1 24 | 29.1% | -9.9% |
| Q4 25 | 5.8% | 3.9% | ||
| Q3 25 | 3.4% | 3.3% | ||
| Q2 25 | 2.5% | 3.1% | ||
| Q1 25 | 2.6% | 2.5% | ||
| Q4 24 | 4.6% | 3.8% | ||
| Q3 24 | 2.4% | 3.2% | ||
| Q2 24 | 2.5% | 3.0% | ||
| Q1 24 | 2.4% | 2.7% |
| Q4 25 | 1.05× | 4.09× | ||
| Q3 25 | 1.21× | 0.81× | ||
| Q2 25 | 0.43× | 5.41× | ||
| Q1 25 | 1.26× | -2.65× | ||
| Q4 24 | 1.11× | 3.18× | ||
| Q3 24 | 0.65× | 2.11× | ||
| Q2 24 | 0.85× | -0.05× | ||
| Q1 24 | 1.58× | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRMN
| Fitness Segment | $765.8M | 36% |
| Outdoor Segment | $627.6M | 30% |
| Marine Segment | $296.9M | 14% |
| Aviation Segment | $274.2M | 13% |
| Auto Oem Segment | $160.4M | 8% |
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% |
