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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and North American Construction Group Ltd. (NOA). Click either name above to swap in a different company.

Huntington Ingalls Industries is the larger business by last-quarter revenue ($1.7B vs $860.2M, roughly 1.9× North American Construction Group Ltd.). Huntington Ingalls Industries runs the higher net margin — 8.9% vs 4.7%, a 4.2% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% 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.

Shanghai Construction (Group) Corporation (SCG) is a Chinese construction and engineering company, ranked as the 16th largest construction company in the world based on 2011 revenues.

HII vs NOA — Head-to-Head

Bigger by revenue
HII
HII
1.9× larger
HII
$1.7B
$860.2M
NOA
Higher net margin
HII
HII
4.2% more per $
HII
8.9%
4.7%
NOA
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
-25.2%
HII

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
HII
HII
NOA
NOA
Revenue
$1.7B
$860.2M
Net Profit
$149.0M
$40.5M
Gross Margin
19.7%
Operating Margin
9.3%
15.4%
Net Margin
8.9%
4.7%
Revenue YoY
13.8%
Net Profit YoY
EPS (diluted)
$3.79

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.

Revenue
HII
HII
NOA
NOA
Q1 26
$1.7B
Q4 25
$3.5B
Q3 25
$3.2B
$860.2M
Q2 25
$3.1B
$573.3M
Q1 25
$2.7B
$297.0M
Q4 24
$3.0B
Q3 24
$2.7B
$636.4M
Q2 24
$3.0B
$439.5M
Net Profit
HII
HII
NOA
NOA
Q1 26
$149.0M
Q4 25
$159.0M
Q3 25
$145.0M
$40.5M
Q2 25
$152.0M
$26.0M
Q1 25
$149.0M
$11.5M
Q4 24
$123.0M
Q3 24
$101.0M
$45.5M
Q2 24
$173.0M
$34.1M
Gross Margin
HII
HII
NOA
NOA
Q1 26
Q4 25
Q3 25
19.7%
Q2 25
18.1%
Q1 25
18.0%
Q4 24
Q3 24
14.0%
Q2 24
14.3%
Operating Margin
HII
HII
NOA
NOA
Q1 26
9.3%
Q4 25
4.9%
Q3 25
5.0%
15.4%
Q2 25
5.3%
13.6%
Q1 25
5.9%
13.0%
Q4 24
3.7%
Q3 24
3.0%
7.9%
Q2 24
6.3%
8.2%
Net Margin
HII
HII
NOA
NOA
Q1 26
8.9%
Q4 25
4.6%
Q3 25
4.5%
4.7%
Q2 25
4.9%
4.5%
Q1 25
5.4%
3.9%
Q4 24
4.1%
Q3 24
3.7%
7.1%
Q2 24
5.8%
7.8%
EPS (diluted)
HII
HII
NOA
NOA
Q1 26
$3.79
Q4 25
$4.06
Q3 25
$3.68
Q2 25
$3.86
Q1 25
$3.79
Q4 24
$3.15
Q3 24
$2.56
Q2 24
$4.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HII
HII
NOA
NOA
Cash + ST InvestmentsLiquidity on hand
$216.0M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$5.1B
Total Assets
$12.5B
$1.7B
Debt / EquityLower = less leverage
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HII
HII
NOA
NOA
Q1 26
$216.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
HII
HII
NOA
NOA
Q1 26
$2.7B
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.7B
Q3 24
Q2 24
Stockholders' Equity
HII
HII
NOA
NOA
Q1 26
$5.1B
Q4 25
$5.1B
Q3 25
$5.0B
Q2 25
$4.9B
Q1 25
$4.8B
Q4 24
$4.7B
Q3 24
$4.2B
Q2 24
$4.2B
Total Assets
HII
HII
NOA
NOA
Q1 26
$12.5B
Q4 25
$12.7B
Q3 25
$12.3B
$1.7B
Q2 25
$12.1B
$1.7B
Q1 25
$12.1B
$1.7B
Q4 24
$12.1B
Q3 24
$11.1B
$1.5B
Q2 24
$11.3B
$1.5B
Debt / Equity
HII
HII
NOA
NOA
Q1 26
0.52×
Q4 25
0.53×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HII
HII
NOA
NOA
Operating Cash FlowLast quarter
$-390.0M
$140.7M
Free Cash FlowOCF − Capex
$-461.0M
FCF MarginFCF / Revenue
-27.7%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
-2.62×
3.47×
TTM Free Cash FlowTrailing 4 quarters
$795.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HII
HII
NOA
NOA
Q1 26
$-390.0M
Q4 25
$650.0M
Q3 25
$118.0M
$140.7M
Q2 25
$823.0M
$85.4M
Q1 25
$-395.0M
$19.0M
Q4 24
$391.0M
Q3 24
$213.0M
$109.5M
Q2 24
$-9.0M
$72.0M
Free Cash Flow
HII
HII
NOA
NOA
Q1 26
$-461.0M
Q4 25
$516.0M
Q3 25
$13.0M
Q2 25
$727.0M
Q1 25
$-462.0M
Q4 24
$277.0M
Q3 24
$125.0M
Q2 24
$-99.0M
FCF Margin
HII
HII
NOA
NOA
Q1 26
-27.7%
Q4 25
14.8%
Q3 25
0.4%
Q2 25
23.6%
Q1 25
-16.9%
Q4 24
9.2%
Q3 24
4.5%
Q2 24
-3.3%
Capex Intensity
HII
HII
NOA
NOA
Q1 26
4.4%
Q4 25
3.9%
Q3 25
3.3%
Q2 25
3.1%
Q1 25
2.5%
Q4 24
3.8%
Q3 24
3.2%
Q2 24
3.0%
Cash Conversion
HII
HII
NOA
NOA
Q1 26
-2.62×
Q4 25
4.09×
Q3 25
0.81×
3.47×
Q2 25
5.41×
3.28×
Q1 25
-2.65×
1.65×
Q4 24
3.18×
Q3 24
2.11×
2.41×
Q2 24
-0.05×
2.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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