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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and IQVIA (IQV). Click either name above to swap in a different company.
IQVIA is the larger business by last-quarter revenue ($4.4B vs $3.5B, roughly 1.3× Huntington Ingalls Industries). IQVIA runs the higher net margin — 11.8% vs 4.6%, a 7.2% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (15.7% vs 10.3%). IQVIA produced more free cash flow last quarter ($561.0M vs $516.0M). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs 8.1%).
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.
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
HII vs IQV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $4.4B |
| Net Profit | $159.0M | $514.0M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 14.4% |
| Net Margin | 4.6% | 11.8% |
| Revenue YoY | 15.7% | 10.3% |
| Net Profit YoY | 29.3% | 17.6% |
| EPS (diluted) | $4.06 | $2.97 |
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 | $3.5B | $4.4B | ||
| Q3 25 | $3.2B | $4.1B | ||
| Q2 25 | $3.1B | $4.0B | ||
| Q1 25 | $2.7B | $3.8B | ||
| Q4 24 | $3.0B | $4.0B | ||
| Q3 24 | $2.7B | $3.9B | ||
| Q2 24 | $3.0B | $3.8B | ||
| Q1 24 | $2.8B | $3.7B |
| Q4 25 | $159.0M | $514.0M | ||
| Q3 25 | $145.0M | $331.0M | ||
| Q2 25 | $152.0M | $266.0M | ||
| Q1 25 | $149.0M | $249.0M | ||
| Q4 24 | $123.0M | $437.0M | ||
| Q3 24 | $101.0M | $285.0M | ||
| Q2 24 | $173.0M | $363.0M | ||
| Q1 24 | $153.0M | $288.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 22.6% | ||
| Q1 24 | — | 22.1% |
| Q4 25 | 4.9% | 14.4% | ||
| Q3 25 | 5.0% | 13.5% | ||
| Q2 25 | 5.3% | 12.6% | ||
| Q1 25 | 5.9% | 13.0% | ||
| Q4 24 | 3.7% | 15.8% | ||
| Q3 24 | 3.0% | 14.1% | ||
| Q2 24 | 6.3% | 13.6% | ||
| Q1 24 | 5.5% | 13.5% |
| Q4 25 | 4.6% | 11.8% | ||
| Q3 25 | 4.5% | 8.1% | ||
| Q2 25 | 4.9% | 6.6% | ||
| Q1 25 | 5.4% | 6.5% | ||
| Q4 24 | 4.1% | 11.0% | ||
| Q3 24 | 3.7% | 7.3% | ||
| Q2 24 | 5.8% | 9.5% | ||
| Q1 24 | 5.5% | 7.7% |
| Q4 25 | $4.06 | $2.97 | ||
| Q3 25 | $3.68 | $1.93 | ||
| Q2 25 | $3.86 | $1.54 | ||
| Q1 25 | $3.79 | $1.40 | ||
| Q4 24 | $3.15 | $2.41 | ||
| Q3 24 | $2.56 | $1.55 | ||
| Q2 24 | $4.38 | $1.97 | ||
| Q1 24 | $3.87 | $1.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.1B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $5.1B | $6.5B |
| Total Assets | $12.7B | $29.9B |
| Debt / EquityLower = less leverage | 0.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | $10.0M | $1.6B |
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $5.1B | $6.5B | ||
| Q3 25 | $5.0B | $6.2B | ||
| Q2 25 | $4.9B | $5.8B | ||
| Q1 25 | $4.8B | $6.0B | ||
| Q4 24 | $4.7B | $6.1B | ||
| Q3 24 | $4.2B | $7.0B | ||
| Q2 24 | $4.2B | $6.7B | ||
| Q1 24 | $4.1B | $6.3B |
| Q4 25 | $12.7B | $29.9B | ||
| Q3 25 | $12.3B | $28.7B | ||
| Q2 25 | $12.1B | $28.6B | ||
| Q1 25 | $12.1B | $27.3B | ||
| Q4 24 | $12.1B | $26.9B | ||
| Q3 24 | $11.1B | $27.2B | ||
| Q2 24 | $11.3B | $26.4B | ||
| Q1 24 | $11.2B | $26.6B |
| 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 | $650.0M | $735.0M |
| Free Cash FlowOCF − Capex | $516.0M | $561.0M |
| FCF MarginFCF / Revenue | 14.8% | 12.9% |
| Capex IntensityCapex / Revenue | 3.9% | 4.0% |
| Cash ConversionOCF / Net Profit | 4.09× | 1.43× |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | $2.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $650.0M | $735.0M | ||
| Q3 25 | $118.0M | $908.0M | ||
| Q2 25 | $823.0M | $443.0M | ||
| Q1 25 | $-395.0M | $568.0M | ||
| Q4 24 | $391.0M | $885.0M | ||
| Q3 24 | $213.0M | $721.0M | ||
| Q2 24 | $-9.0M | $588.0M | ||
| Q1 24 | $-202.0M | $522.0M |
| Q4 25 | $516.0M | $561.0M | ||
| Q3 25 | $13.0M | $772.0M | ||
| Q2 25 | $727.0M | $292.0M | ||
| Q1 25 | $-462.0M | $426.0M | ||
| Q4 24 | $277.0M | $721.0M | ||
| Q3 24 | $125.0M | $571.0M | ||
| Q2 24 | $-99.0M | $445.0M | ||
| Q1 24 | $-277.0M | $377.0M |
| Q4 25 | 14.8% | 12.9% | ||
| Q3 25 | 0.4% | 18.8% | ||
| Q2 25 | 23.6% | 7.3% | ||
| Q1 25 | -16.9% | 11.1% | ||
| Q4 24 | 9.2% | 18.2% | ||
| Q3 24 | 4.5% | 14.7% | ||
| Q2 24 | -3.3% | 11.7% | ||
| Q1 24 | -9.9% | 10.1% |
| Q4 25 | 3.9% | 4.0% | ||
| Q3 25 | 3.3% | 3.3% | ||
| Q2 25 | 3.1% | 3.8% | ||
| Q1 25 | 2.5% | 3.7% | ||
| Q4 24 | 3.8% | 4.1% | ||
| Q3 24 | 3.2% | 3.9% | ||
| Q2 24 | 3.0% | 3.7% | ||
| Q1 24 | 2.7% | 3.9% |
| Q4 25 | 4.09× | 1.43× | ||
| Q3 25 | 0.81× | 2.74× | ||
| Q2 25 | 5.41× | 1.67× | ||
| Q1 25 | -2.65× | 2.28× | ||
| Q4 24 | 3.18× | 2.03× | ||
| Q3 24 | 2.11× | 2.53× | ||
| Q2 24 | -0.05× | 1.62× | ||
| Q1 24 | -1.32× | 1.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
IQV
Segment breakdown not available.
