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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and Macy's, Inc. (M). Click either name above to swap in a different company.
Macy's, Inc. is the larger business by last-quarter revenue ($4.7B vs $3.5B, roughly 1.4× Huntington Ingalls Industries). Huntington Ingalls Industries runs the higher net margin — 4.6% vs 0.2%, a 4.3% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (15.7% vs -0.6%). Huntington Ingalls Industries produced more free cash flow last quarter ($516.0M vs $-101.0M). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs -23.8%).
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.
Macy's, Inc. is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over Macy's, the old department store chain originally founded in 1858 by A...
HII vs M — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $4.7B |
| Net Profit | $159.0M | $11.0M |
| Gross Margin | — | 39.4% |
| Operating Margin | 4.9% | 0.9% |
| Net Margin | 4.6% | 0.2% |
| Revenue YoY | 15.7% | -0.6% |
| Net Profit YoY | 29.3% | -60.7% |
| EPS (diluted) | $4.06 | $0.04 |
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 | $4.7B | ||
| Q3 25 | $3.2B | $4.8B | ||
| Q2 25 | $3.1B | $4.6B | ||
| Q1 25 | $2.7B | $7.8B | ||
| Q4 24 | $3.0B | $4.7B | ||
| Q3 24 | $2.7B | $4.9B | ||
| Q2 24 | $3.0B | $4.8B | ||
| Q1 24 | $2.8B | $8.1B |
| Q4 25 | $159.0M | $11.0M | ||
| Q3 25 | $145.0M | $87.0M | ||
| Q2 25 | $152.0M | $38.0M | ||
| Q1 25 | $149.0M | $342.0M | ||
| Q4 24 | $123.0M | $28.0M | ||
| Q3 24 | $101.0M | $150.0M | ||
| Q2 24 | $173.0M | $62.0M | ||
| Q1 24 | $153.0M | $-71.0M |
| Q4 25 | — | 39.4% | ||
| Q3 25 | — | 39.7% | ||
| Q2 25 | — | 39.2% | ||
| Q1 25 | — | 35.7% | ||
| Q4 24 | — | 39.6% | ||
| Q3 24 | — | 40.5% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 37.5% |
| Q4 25 | 4.9% | 0.9% | ||
| Q3 25 | 5.0% | 3.1% | ||
| Q2 25 | 5.3% | 2.0% | ||
| Q1 25 | 5.9% | 6.4% | ||
| Q4 24 | 3.7% | 1.3% | ||
| Q3 24 | 3.0% | 4.5% | ||
| Q2 24 | 6.3% | 2.6% | ||
| Q1 24 | 5.5% | -0.9% |
| Q4 25 | 4.6% | 0.2% | ||
| Q3 25 | 4.5% | 1.8% | ||
| Q2 25 | 4.9% | 0.8% | ||
| Q1 25 | 5.4% | 4.4% | ||
| Q4 24 | 4.1% | 0.6% | ||
| Q3 24 | 3.7% | 3.0% | ||
| Q2 24 | 5.8% | 1.3% | ||
| Q1 24 | 5.5% | -0.9% |
| Q4 25 | $4.06 | $0.04 | ||
| Q3 25 | $3.68 | $0.31 | ||
| Q2 25 | $3.86 | $0.13 | ||
| Q1 25 | $3.79 | $1.22 | ||
| Q4 24 | $3.15 | $0.10 | ||
| Q3 24 | $2.56 | $0.53 | ||
| Q2 24 | $4.38 | $0.22 | ||
| Q1 24 | $3.87 | $-0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $447.0M |
| Total DebtLower is stronger | $2.7B | $2.4B |
| Stockholders' EquityBook value | $5.1B | $4.3B |
| Total Assets | $12.7B | $17.1B |
| Debt / EquityLower = less leverage | 0.53× | 0.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $447.0M | ||
| Q3 25 | — | $829.0M | ||
| Q2 25 | — | $932.0M | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $315.0M | ||
| Q3 24 | — | $646.0M | ||
| Q2 24 | — | $876.0M | ||
| Q1 24 | $10.0M | $1.0B |
| Q4 25 | $2.7B | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $2.7B | $2.8B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $5.1B | $4.3B | ||
| Q3 25 | $5.0B | $4.5B | ||
| Q2 25 | $4.9B | $4.5B | ||
| Q1 25 | $4.8B | $4.6B | ||
| Q4 24 | $4.7B | $4.1B | ||
| Q3 24 | $4.2B | $4.3B | ||
| Q2 24 | $4.2B | $4.2B | ||
| Q1 24 | $4.1B | $4.1B |
| Q4 25 | $12.7B | $17.1B | ||
| Q3 25 | $12.3B | $15.6B | ||
| Q2 25 | $12.1B | $16.1B | ||
| Q1 25 | $12.1B | $16.4B | ||
| Q4 24 | $12.1B | $17.3B | ||
| Q3 24 | $11.1B | $15.8B | ||
| Q2 24 | $11.3B | $16.4B | ||
| Q1 24 | $11.2B | $16.2B |
| Q4 25 | 0.53× | 0.56× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | 0.58× | 0.67× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | 0.72× |
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 | $-8.0M |
| Free Cash FlowOCF − Capex | $516.0M | $-101.0M |
| FCF MarginFCF / Revenue | 14.8% | -2.1% |
| Capex IntensityCapex / Revenue | 3.9% | 2.0% |
| Cash ConversionOCF / Net Profit | 4.09× | -0.73× |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $650.0M | $-8.0M | ||
| Q3 25 | $118.0M | $319.0M | ||
| Q2 25 | $823.0M | $-64.0M | ||
| Q1 25 | $-395.0M | $1.3B | ||
| Q4 24 | $391.0M | $-167.0M | ||
| Q3 24 | $213.0M | $8.0M | ||
| Q2 24 | $-9.0M | $129.0M | ||
| Q1 24 | $-202.0M | $1.1B |
| Q4 25 | $516.0M | $-101.0M | ||
| Q3 25 | $13.0M | $240.0M | ||
| Q2 25 | $727.0M | $-164.0M | ||
| Q1 25 | $-462.0M | $1.2B | ||
| Q4 24 | $277.0M | $-295.0M | ||
| Q3 24 | $125.0M | $-109.0M | ||
| Q2 24 | $-99.0M | $-25.0M | ||
| Q1 24 | $-277.0M | $1.0B |
| Q4 25 | 14.8% | -2.1% | ||
| Q3 25 | 0.4% | 5.0% | ||
| Q2 25 | 23.6% | -3.6% | ||
| Q1 25 | -16.9% | 15.3% | ||
| Q4 24 | 9.2% | -6.2% | ||
| Q3 24 | 4.5% | -2.2% | ||
| Q2 24 | -3.3% | -0.5% | ||
| Q1 24 | -9.9% | 12.3% |
| Q4 25 | 3.9% | 2.0% | ||
| Q3 25 | 3.3% | 1.6% | ||
| Q2 25 | 3.1% | 2.2% | ||
| Q1 25 | 2.5% | 1.5% | ||
| Q4 24 | 3.8% | 2.7% | ||
| Q3 24 | 3.2% | 2.4% | ||
| Q2 24 | 3.0% | 3.2% | ||
| Q1 24 | 2.7% | 1.8% |
| Q4 25 | 4.09× | -0.73× | ||
| Q3 25 | 0.81× | 3.67× | ||
| Q2 25 | 5.41× | -1.68× | ||
| Q1 25 | -2.65× | 3.82× | ||
| Q4 24 | 3.18× | -5.96× | ||
| Q3 24 | 2.11× | 0.05× | ||
| Q2 24 | -0.05× | 2.08× | ||
| 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% |
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
