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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and LPL Financial Holdings Inc. (LPLA). Click either name above to swap in a different company.
LPL Financial Holdings Inc. is the larger business by last-quarter revenue ($4.9B vs $3.5B, roughly 1.4× Huntington Ingalls Industries). LPL Financial Holdings Inc. runs the higher net margin — 7.2% vs 4.6%, a 2.6% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (34.6% vs 15.7%). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (29.8% CAGR vs 11.3%).
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.
LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
HII vs LPLA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $4.9B |
| Net Profit | $159.0M | $356.4M |
| Gross Margin | — | 32.3% |
| Operating Margin | 4.9% | — |
| Net Margin | 4.6% | 7.2% |
| Revenue YoY | 15.7% | 34.6% |
| Net Profit YoY | 29.3% | — |
| EPS (diluted) | $4.06 | $4.43 |
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 | — | $4.9B | ||
| Q4 25 | $3.5B | $4.9B | ||
| Q3 25 | $3.2B | $4.6B | ||
| Q2 25 | $3.1B | $3.8B | ||
| Q1 25 | $2.7B | $3.7B | ||
| Q4 24 | $3.0B | $3.5B | ||
| Q3 24 | $2.7B | $3.1B | ||
| Q2 24 | $3.0B | $2.9B |
| Q1 26 | — | $356.4M | ||
| Q4 25 | $159.0M | $300.7M | ||
| Q3 25 | $145.0M | $-29.5M | ||
| Q2 25 | $152.0M | $273.2M | ||
| Q1 25 | $149.0M | $318.6M | ||
| Q4 24 | $123.0M | $270.7M | ||
| Q3 24 | $101.0M | $255.3M | ||
| Q2 24 | $173.0M | $243.8M |
| Q1 26 | — | 32.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 8.1% | ||
| Q3 25 | 5.0% | -0.7% | ||
| Q2 25 | 5.3% | 9.6% | ||
| Q1 25 | 5.9% | 11.4% | ||
| Q4 24 | 3.7% | 9.7% | ||
| Q3 24 | 3.0% | 11.2% | ||
| Q2 24 | 6.3% | 11.3% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | 4.6% | 6.1% | ||
| Q3 25 | 4.5% | -0.6% | ||
| Q2 25 | 4.9% | 7.1% | ||
| Q1 25 | 5.4% | 8.7% | ||
| Q4 24 | 4.1% | 7.7% | ||
| Q3 24 | 3.7% | 8.2% | ||
| Q2 24 | 5.8% | 8.3% |
| Q1 26 | — | $4.43 | ||
| Q4 25 | $4.06 | $3.65 | ||
| Q3 25 | $3.68 | $-0.37 | ||
| Q2 25 | $3.86 | $3.40 | ||
| Q1 25 | $3.79 | $4.24 | ||
| Q4 24 | $3.15 | $3.58 | ||
| Q3 24 | $2.56 | $3.39 | ||
| Q2 24 | $4.38 | $3.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.0B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $5.1B | $5.7B |
| Total Assets | $12.7B | $18.8B |
| Debt / EquityLower = less leverage | 0.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $7.3B | ||
| Q3 25 | — | $7.5B | ||
| Q2 25 | — | $7.2B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | $2.7B | $5.5B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B |
| Q1 26 | — | $5.7B | ||
| Q4 25 | $5.1B | $5.3B | ||
| Q3 25 | $5.0B | $5.0B | ||
| Q2 25 | $4.9B | $5.1B | ||
| Q1 25 | $4.8B | $3.1B | ||
| Q4 24 | $4.7B | $2.9B | ||
| Q3 24 | $4.2B | $2.8B | ||
| Q2 24 | $4.2B | $2.5B |
| Q1 26 | — | $18.8B | ||
| Q4 25 | $12.7B | $18.5B | ||
| Q3 25 | $12.3B | $18.0B | ||
| Q2 25 | $12.1B | $17.5B | ||
| Q1 25 | $12.1B | $14.0B | ||
| Q4 24 | $12.1B | $13.3B | ||
| Q3 24 | $11.1B | $11.9B | ||
| Q2 24 | $11.3B | $11.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.53× | 1.36× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | 0.58× | 1.87× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 1.77× |
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 | — |
| Free Cash FlowOCF − Capex | $516.0M | — |
| FCF MarginFCF / Revenue | 14.8% | — |
| Capex IntensityCapex / Revenue | 3.9% | 0.0% |
| Cash ConversionOCF / Net Profit | 4.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $650.0M | $785.0M | ||
| Q3 25 | $118.0M | $-1.7B | ||
| Q2 25 | $823.0M | $193.3M | ||
| Q1 25 | $-395.0M | $339.8M | ||
| Q4 24 | $391.0M | $-178.8M | ||
| Q3 24 | $213.0M | $209.3M | ||
| Q2 24 | $-9.0M | $-178.9M |
| Q1 26 | — | — | ||
| Q4 25 | $516.0M | $613.3M | ||
| Q3 25 | $13.0M | $-1.9B | ||
| Q2 25 | $727.0M | $56.3M | ||
| Q1 25 | $-462.0M | $220.3M | ||
| Q4 24 | $277.0M | $-344.3M | ||
| Q3 24 | $125.0M | $62.3M | ||
| Q2 24 | $-99.0M | $-307.8M |
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | 12.4% | ||
| Q3 25 | 0.4% | -41.1% | ||
| Q2 25 | 23.6% | 1.5% | ||
| Q1 25 | -16.9% | 6.0% | ||
| Q4 24 | 9.2% | -9.8% | ||
| Q3 24 | 4.5% | 2.0% | ||
| Q2 24 | -3.3% | -10.5% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 3.9% | 3.5% | ||
| Q3 25 | 3.3% | 3.1% | ||
| Q2 25 | 3.1% | 3.6% | ||
| Q1 25 | 2.5% | 3.3% | ||
| Q4 24 | 3.8% | 4.7% | ||
| Q3 24 | 3.2% | 4.7% | ||
| Q2 24 | 3.0% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.09× | 2.61× | ||
| Q3 25 | 0.81× | — | ||
| Q2 25 | 5.41× | 0.71× | ||
| Q1 25 | -2.65× | 1.07× | ||
| Q4 24 | 3.18× | -0.66× | ||
| Q3 24 | 2.11× | 0.82× | ||
| Q2 24 | -0.05× | -0.73× |
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% |
LPLA
| Advisory | $2.6B | 53% |
| Sales-based | $705.4M | 14% |
| Trailing | $486.6M | 10% |
| Client cash | $445.3M | 9% |
| Other | $394.5M | 8% |
| Service and fee | $211.0M | 4% |
| Transaction | $80.5M | 2% |
