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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and Keysight Technologies (KEYS). Click either name above to swap in a different company.
Huntington Ingalls Industries is the larger business by last-quarter revenue ($1.7B vs $1.6B, roughly 1.0× Keysight Technologies). Keysight Technologies runs the higher net margin — 17.6% vs 8.9%, a 8.6% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (27.0% vs 13.8%). Keysight Technologies produced more free cash flow last quarter ($407.0M vs $-461.0M). Over the past eight quarters, Keysight Technologies's revenue compounded faster (14.7% CAGR vs -25.2%).
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.
Keysight Technologies, Inc. is an American company that manufactures electronics test and measurement equipment and software. The company was formed as a spin-off of Agilent Technologies, which inherited and rebranded the test and measurement product lines developed and produced, from the late 1960s to the turn of the millennium, by Hewlett-Packard's Test and Measurement division. Its name is a portmanteau of key and insight.
HII vs KEYS — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.6B |
| Net Profit | $149.0M | $281.0M |
| Gross Margin | — | — |
| Operating Margin | 9.3% | 15.5% |
| Net Margin | 8.9% | 17.6% |
| Revenue YoY | 13.8% | 27.0% |
| Net Profit YoY | — | 66.3% |
| EPS (diluted) | $3.79 | $1.63 |
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.
| Q1 26 | $1.7B | $1.6B | ||
| Q4 25 | $3.5B | $1.4B | ||
| Q3 25 | $3.2B | $1.4B | ||
| Q2 25 | $3.1B | $1.3B | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $3.0B | $1.2B |
| Q1 26 | $149.0M | $281.0M | ||
| Q4 25 | $159.0M | $233.0M | ||
| Q3 25 | $145.0M | $191.0M | ||
| Q2 25 | $152.0M | $257.0M | ||
| Q1 25 | $149.0M | $169.0M | ||
| Q4 24 | $123.0M | $-73.0M | ||
| Q3 24 | $101.0M | $389.0M | ||
| Q2 24 | $173.0M | $126.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 61.2% | ||
| Q3 25 | — | 61.7% | ||
| Q2 25 | — | 62.3% | ||
| Q1 25 | — | 63.2% | ||
| Q4 24 | — | 62.3% | ||
| Q3 24 | — | 62.0% | ||
| Q2 24 | — | 62.7% |
| Q1 26 | 9.3% | 15.5% | ||
| Q4 25 | 4.9% | 15.3% | ||
| Q3 25 | 5.0% | 17.3% | ||
| Q2 25 | 5.3% | 15.8% | ||
| Q1 25 | 5.9% | 16.8% | ||
| Q4 24 | 3.7% | 17.9% | ||
| Q3 24 | 3.0% | 16.8% | ||
| Q2 24 | 6.3% | 14.6% |
| Q1 26 | 8.9% | 17.6% | ||
| Q4 25 | 4.6% | 16.4% | ||
| Q3 25 | 4.5% | 14.1% | ||
| Q2 25 | 4.9% | 19.7% | ||
| Q1 25 | 5.4% | 13.0% | ||
| Q4 24 | 4.1% | -5.7% | ||
| Q3 24 | 3.7% | 32.0% | ||
| Q2 24 | 5.8% | 10.4% |
| Q1 26 | $3.79 | $1.63 | ||
| Q4 25 | $4.06 | $1.35 | ||
| Q3 25 | $3.68 | $1.10 | ||
| Q2 25 | $3.86 | $1.49 | ||
| Q1 25 | $3.79 | $0.97 | ||
| Q4 24 | $3.15 | $-0.41 | ||
| Q3 24 | $2.56 | $2.22 | ||
| Q2 24 | $4.38 | $0.72 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $216.0M | $2.2B |
| Total DebtLower is stronger | $2.7B | $2.5B |
| Stockholders' EquityBook value | $5.1B | $6.2B |
| Total Assets | $12.5B | $11.5B |
| Debt / EquityLower = less leverage | 0.52× | 0.41× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $216.0M | $2.2B | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | $2.7B | $2.5B | ||
| Q4 25 | $2.7B | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $2.7B | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.8B |
| Q1 26 | $5.1B | $6.2B | ||
| Q4 25 | $5.1B | $5.9B | ||
| Q3 25 | $5.0B | $5.7B | ||
| Q2 25 | $4.9B | $5.5B | ||
| Q1 25 | $4.8B | $5.2B | ||
| Q4 24 | $4.7B | $5.1B | ||
| Q3 24 | $4.2B | $5.2B | ||
| Q2 24 | $4.2B | $4.9B |
| Q1 26 | $12.5B | $11.5B | ||
| Q4 25 | $12.7B | $11.3B | ||
| Q3 25 | $12.3B | $10.7B | ||
| Q2 25 | $12.1B | $10.5B | ||
| Q1 25 | $12.1B | $9.4B | ||
| Q4 24 | $12.1B | $9.3B | ||
| Q3 24 | $11.1B | $9.3B | ||
| Q2 24 | $11.3B | $9.0B |
| Q1 26 | 0.52× | 0.41× | ||
| Q4 25 | 0.53× | 0.43× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | 0.58× | 0.35× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.37× |
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 | $-390.0M | $441.0M |
| Free Cash FlowOCF − Capex | $-461.0M | $407.0M |
| FCF MarginFCF / Revenue | -27.7% | 25.4% |
| Capex IntensityCapex / Revenue | 4.4% | — |
| Cash ConversionOCF / Net Profit | -2.62× | 1.57× |
| TTM Free Cash FlowTrailing 4 quarters | $795.0M | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-390.0M | $441.0M | ||
| Q4 25 | $650.0M | $225.0M | ||
| Q3 25 | $118.0M | $322.0M | ||
| Q2 25 | $823.0M | $484.0M | ||
| Q1 25 | $-395.0M | $378.0M | ||
| Q4 24 | $391.0M | $359.0M | ||
| Q3 24 | $213.0M | $255.0M | ||
| Q2 24 | $-9.0M | $110.0M |
| Q1 26 | $-461.0M | $407.0M | ||
| Q4 25 | $516.0M | $187.0M | ||
| Q3 25 | $13.0M | $291.0M | ||
| Q2 25 | $727.0M | $457.0M | ||
| Q1 25 | $-462.0M | $346.0M | ||
| Q4 24 | $277.0M | $321.0M | ||
| Q3 24 | $125.0M | $222.0M | ||
| Q2 24 | $-99.0M | $74.0M |
| Q1 26 | -27.7% | 25.4% | ||
| Q4 25 | 14.8% | 13.2% | ||
| Q3 25 | 0.4% | 21.5% | ||
| Q2 25 | 23.6% | 35.0% | ||
| Q1 25 | -16.9% | 26.7% | ||
| Q4 24 | 9.2% | 24.9% | ||
| Q3 24 | 4.5% | 18.2% | ||
| Q2 24 | -3.3% | 6.1% |
| Q1 26 | 4.4% | — | ||
| Q4 25 | 3.9% | 2.7% | ||
| Q3 25 | 3.3% | 2.3% | ||
| Q2 25 | 3.1% | 2.1% | ||
| Q1 25 | 2.5% | 2.5% | ||
| Q4 24 | 3.8% | 3.0% | ||
| Q3 24 | 3.2% | 2.7% | ||
| Q2 24 | 3.0% | 3.0% |
| Q1 26 | -2.62× | 1.57× | ||
| Q4 25 | 4.09× | 0.97× | ||
| Q3 25 | 0.81× | 1.69× | ||
| Q2 25 | 5.41× | 1.88× | ||
| Q1 25 | -2.65× | 2.24× | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 2.11× | 0.66× | ||
| Q2 24 | -0.05× | 0.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HII
Segment breakdown not available.
KEYS
| Commercial Communications | $758.0M | 47% |
| Electronic Industrial | $476.0M | 30% |
| Aerospace, Defense and Government | $366.0M | 23% |
