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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and MARKEL GROUP INC. (MKL). Click either name above to swap in a different company.
MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $3.5B, roughly 1.0× Huntington Ingalls Industries). MARKEL GROUP INC. runs the higher net margin — 16.1% vs 4.6%, a 11.6% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (15.7% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $516.0M). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs -10.5%).
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.
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
HII vs MKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $3.6B |
| Net Profit | $159.0M | $576.8M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 22.2% |
| Net Margin | 4.6% | 16.1% |
| Revenue YoY | 15.7% | -6.9% |
| Net Profit YoY | 29.3% | 5.0% |
| EPS (diluted) | $4.06 | $48.22 |
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 | $3.6B | ||
| Q3 25 | $3.2B | $3.9B | ||
| Q2 25 | $3.1B | $4.6B | ||
| Q1 25 | $2.7B | $3.4B | ||
| Q4 24 | $3.0B | $3.8B | ||
| Q3 24 | $2.7B | $4.6B | ||
| Q2 24 | $3.0B | $3.7B | ||
| Q1 24 | $2.8B | $4.5B |
| Q4 25 | $159.0M | $576.8M | ||
| Q3 25 | $145.0M | $751.3M | ||
| Q2 25 | $152.0M | $657.1M | ||
| Q1 25 | $149.0M | $121.7M | ||
| Q4 24 | $123.0M | $549.2M | ||
| Q3 24 | $101.0M | $905.0M | ||
| Q2 24 | $173.0M | $267.7M | ||
| Q1 24 | $153.0M | $1.0B |
| Q4 25 | 4.9% | 22.2% | ||
| Q3 25 | 5.0% | 25.7% | ||
| Q2 25 | 5.3% | 24.1% | ||
| Q1 25 | 5.9% | 8.3% | ||
| Q4 24 | 3.7% | 15.5% | ||
| Q3 24 | 3.0% | 29.7% | ||
| Q2 24 | 6.3% | 11.1% | ||
| Q1 24 | 5.5% | 29.9% |
| Q4 25 | 4.6% | 16.1% | ||
| Q3 25 | 4.5% | 19.1% | ||
| Q2 25 | 4.9% | 14.3% | ||
| Q1 25 | 5.4% | 3.6% | ||
| Q4 24 | 4.1% | 14.3% | ||
| Q3 24 | 3.7% | 19.6% | ||
| Q2 24 | 5.8% | 7.2% | ||
| Q1 24 | 5.5% | 23.0% |
| Q4 25 | $4.06 | $48.22 | ||
| Q3 25 | $3.68 | $59.25 | ||
| Q2 25 | $3.86 | $49.67 | ||
| Q1 25 | $3.79 | $12.08 | ||
| Q4 24 | $3.15 | $39.02 | ||
| Q3 24 | $2.56 | $66.25 | ||
| Q2 24 | $4.38 | $18.62 | ||
| Q1 24 | $3.87 | $75.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.0B |
| Total DebtLower is stronger | $2.7B | $4.3B |
| Stockholders' EquityBook value | $5.1B | $18.6B |
| Total Assets | $12.7B | $68.9B |
| Debt / EquityLower = less leverage | 0.53× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.0B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | $10.0M | $3.6B |
| Q4 25 | $2.7B | $4.3B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | $2.7B | $4.3B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $5.1B | $18.6B | ||
| Q3 25 | $5.0B | $18.0B | ||
| Q2 25 | $4.9B | $17.3B | ||
| Q1 25 | $4.8B | $17.1B | ||
| Q4 24 | $4.7B | $16.9B | ||
| Q3 24 | $4.2B | $17.0B | ||
| Q2 24 | $4.2B | $15.9B | ||
| Q1 24 | $4.1B | $15.7B |
| Q4 25 | $12.7B | $68.9B | ||
| Q3 25 | $12.3B | $67.4B | ||
| Q2 25 | $12.1B | $66.8B | ||
| Q1 25 | $12.1B | $64.6B | ||
| Q4 24 | $12.1B | $61.9B | ||
| Q3 24 | $11.1B | $62.3B | ||
| Q2 24 | $11.3B | $59.7B | ||
| Q1 24 | $11.2B | $57.3B |
| Q4 25 | 0.53× | 0.23× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | 0.58× | 0.26× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 0.25× |
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 | $662.2M |
| Free Cash FlowOCF − Capex | $516.0M | $599.1M |
| FCF MarginFCF / Revenue | 14.8% | 16.7% |
| Capex IntensityCapex / Revenue | 3.9% | 1.8% |
| Cash ConversionOCF / Net Profit | 4.09× | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $650.0M | $662.2M | ||
| Q3 25 | $118.0M | $1.2B | ||
| Q2 25 | $823.0M | $504.4M | ||
| Q1 25 | $-395.0M | $376.2M | ||
| Q4 24 | $391.0M | $493.9M | ||
| Q3 24 | $213.0M | $890.8M | ||
| Q2 24 | $-9.0M | $578.6M | ||
| Q1 24 | $-202.0M | $630.7M |
| Q4 25 | $516.0M | $599.1M | ||
| Q3 25 | $13.0M | $1.2B | ||
| Q2 25 | $727.0M | $453.8M | ||
| Q1 25 | $-462.0M | $335.5M | ||
| Q4 24 | $277.0M | $420.0M | ||
| Q3 24 | $125.0M | $838.9M | ||
| Q2 24 | $-99.0M | $521.4M | ||
| Q1 24 | $-277.0M | $558.7M |
| Q4 25 | 14.8% | 16.7% | ||
| Q3 25 | 0.4% | 29.6% | ||
| Q2 25 | 23.6% | 9.9% | ||
| Q1 25 | -16.9% | 9.9% | ||
| Q4 24 | 9.2% | 10.9% | ||
| Q3 24 | 4.5% | 18.2% | ||
| Q2 24 | -3.3% | 14.1% | ||
| Q1 24 | -9.9% | 12.5% |
| Q4 25 | 3.9% | 1.8% | ||
| Q3 25 | 3.3% | 1.3% | ||
| Q2 25 | 3.1% | 1.1% | ||
| Q1 25 | 2.5% | 1.2% | ||
| Q4 24 | 3.8% | 1.9% | ||
| Q3 24 | 3.2% | 1.1% | ||
| Q2 24 | 3.0% | 1.5% | ||
| Q1 24 | 2.7% | 1.6% |
| Q4 25 | 4.09× | 1.15× | ||
| Q3 25 | 0.81× | 1.62× | ||
| Q2 25 | 5.41× | 0.77× | ||
| Q1 25 | -2.65× | 3.09× | ||
| Q4 24 | 3.18× | 0.90× | ||
| Q3 24 | 2.11× | 0.98× | ||
| Q2 24 | -0.05× | 2.16× | ||
| Q1 24 | -1.32× | 0.62× |
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% |
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
