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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and Kyndryl Holdings, Inc. (KD). Click either name above to swap in a different company.
Kyndryl Holdings, Inc. is the larger business by last-quarter revenue ($3.9B vs $3.5B, roughly 1.1× Huntington Ingalls Industries). Huntington Ingalls Industries runs the higher net margin — 4.6% vs 1.5%, a 3.1% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (15.7% vs 3.1%). Huntington Ingalls Industries produced more free cash flow last quarter ($516.0M vs $208.0M). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs 0.1%).
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.
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021. The company designs, builds, manages and develops large-scale information systems. The company also has business advisory services. It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.
HII vs KD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $3.9B |
| Net Profit | $159.0M | $57.0M |
| Gross Margin | — | 21.8% |
| Operating Margin | 4.9% | 2.4% |
| Net Margin | 4.6% | 1.5% |
| Revenue YoY | 15.7% | 3.1% |
| Net Profit YoY | 29.3% | -73.5% |
| EPS (diluted) | $4.06 | $0.25 |
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 | $3.9B | ||
| Q3 25 | $3.2B | $3.7B | ||
| Q2 25 | $3.1B | $3.7B | ||
| Q1 25 | $2.7B | $3.8B | ||
| Q4 24 | $3.0B | $3.7B | ||
| Q3 24 | $2.7B | $3.8B | ||
| Q2 24 | $3.0B | $3.7B | ||
| Q1 24 | $2.8B | $3.9B |
| Q4 25 | $159.0M | $57.0M | ||
| Q3 25 | $145.0M | $68.0M | ||
| Q2 25 | $152.0M | $56.0M | ||
| Q1 25 | $149.0M | $69.0M | ||
| Q4 24 | $123.0M | $215.0M | ||
| Q3 24 | $101.0M | $-43.0M | ||
| Q2 24 | $173.0M | $11.0M | ||
| Q1 24 | $153.0M | $-45.0M |
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.5% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | 4.9% | 2.4% | ||
| Q3 25 | 5.0% | 2.6% | ||
| Q2 25 | 5.3% | 2.5% | ||
| Q1 25 | 5.9% | 3.1% | ||
| Q4 24 | 3.7% | 6.9% | ||
| Q3 24 | 3.0% | -0.1% | ||
| Q2 24 | 6.3% | 1.7% | ||
| Q1 24 | 5.5% | -0.1% |
| Q4 25 | 4.6% | 1.5% | ||
| Q3 25 | 4.5% | 1.8% | ||
| Q2 25 | 4.9% | 1.5% | ||
| Q1 25 | 5.4% | 1.8% | ||
| Q4 24 | 4.1% | 5.7% | ||
| Q3 24 | 3.7% | -1.1% | ||
| Q2 24 | 5.8% | 0.3% | ||
| Q1 24 | 5.5% | -1.2% |
| Q4 25 | $4.06 | $0.25 | ||
| Q3 25 | $3.68 | $0.29 | ||
| Q2 25 | $3.86 | $0.23 | ||
| Q1 25 | $3.79 | $0.30 | ||
| Q4 24 | $3.15 | $0.89 | ||
| Q3 24 | $2.56 | $-0.19 | ||
| Q2 24 | $4.38 | $0.05 | ||
| Q1 24 | $3.87 | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.3B |
| Total DebtLower is stronger | $2.7B | $2.3B |
| Stockholders' EquityBook value | $5.1B | $1.2B |
| Total Assets | $12.7B | $11.3B |
| Debt / EquityLower = less leverage | 0.53× | 1.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | $10.0M | $1.6B |
| Q4 25 | $2.7B | $2.3B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $2.7B | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.1B |
| Q4 25 | $5.1B | $1.2B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $4.9B | $1.2B | ||
| Q1 25 | $4.8B | $1.2B | ||
| Q4 24 | $4.7B | $1.1B | ||
| Q3 24 | $4.2B | $1.1B | ||
| Q2 24 | $4.2B | $996.0M | ||
| Q1 24 | $4.1B | $1.0B |
| Q4 25 | $12.7B | $11.3B | ||
| Q3 25 | $12.3B | $11.2B | ||
| Q2 25 | $12.1B | $11.5B | ||
| Q1 25 | $12.1B | $10.5B | ||
| Q4 24 | $12.1B | $9.9B | ||
| Q3 24 | $11.1B | $10.4B | ||
| Q2 24 | $11.3B | $10.2B | ||
| Q1 24 | $11.2B | $10.6B |
| Q4 25 | 0.53× | 1.92× | ||
| Q3 25 | — | 2.45× | ||
| Q2 25 | — | 2.44× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | 0.58× | 2.81× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | — | 3.12× | ||
| Q1 24 | — | 3.07× |
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 | $428.0M |
| Free Cash FlowOCF − Capex | $516.0M | $208.0M |
| FCF MarginFCF / Revenue | 14.8% | 5.4% |
| Capex IntensityCapex / Revenue | 3.9% | 5.7% |
| Cash ConversionOCF / Net Profit | 4.09× | 7.51× |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | $299.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $650.0M | $428.0M | ||
| Q3 25 | $118.0M | $146.0M | ||
| Q2 25 | $823.0M | $-124.0M | ||
| Q1 25 | $-395.0M | $581.0M | ||
| Q4 24 | $391.0M | $260.0M | ||
| Q3 24 | $213.0M | $149.0M | ||
| Q2 24 | $-9.0M | $-48.0M | ||
| Q1 24 | $-202.0M | $145.0M |
| Q4 25 | $516.0M | $208.0M | ||
| Q3 25 | $13.0M | $17.0M | ||
| Q2 25 | $727.0M | $-267.0M | ||
| Q1 25 | $-462.0M | $341.0M | ||
| Q4 24 | $277.0M | $151.0M | ||
| Q3 24 | $125.0M | $15.0M | ||
| Q2 24 | $-99.0M | $-170.0M | ||
| Q1 24 | $-277.0M | $-57.0M |
| Q4 25 | 14.8% | 5.4% | ||
| Q3 25 | 0.4% | 0.5% | ||
| Q2 25 | 23.6% | -7.1% | ||
| Q1 25 | -16.9% | 9.0% | ||
| Q4 24 | 9.2% | 4.0% | ||
| Q3 24 | 4.5% | 0.4% | ||
| Q2 24 | -3.3% | -4.5% | ||
| Q1 24 | -9.9% | -1.5% |
| Q4 25 | 3.9% | 5.7% | ||
| Q3 25 | 3.3% | 3.5% | ||
| Q2 25 | 3.1% | 3.8% | ||
| Q1 25 | 2.5% | 6.3% | ||
| Q4 24 | 3.8% | 2.9% | ||
| Q3 24 | 3.2% | 3.6% | ||
| Q2 24 | 3.0% | 3.3% | ||
| Q1 24 | 2.7% | 5.2% |
| Q4 25 | 4.09× | 7.51× | ||
| Q3 25 | 0.81× | 2.15× | ||
| Q2 25 | 5.41× | -2.21× | ||
| Q1 25 | -2.65× | 8.42× | ||
| Q4 24 | 3.18× | 1.21× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | -0.05× | -4.36× | ||
| Q1 24 | -1.32× | — |
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% |
KD
| Principal Markets Segment | $1.4B | 37% |
| United States Segment | $958.0M | 25% |
| Strategic Markets Segment | $905.0M | 23% |
| Other | $568.0M | 15% |
