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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and ON Semiconductor (ON). Click either name above to swap in a different company.
Huntington Ingalls Industries is the larger business by last-quarter revenue ($1.7B vs $1.5B, roughly 1.1× ON Semiconductor). ON Semiconductor runs the higher net margin — 12.0% vs 8.9%, a 3.1% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (13.8% vs 4.7%). ON Semiconductor produced more free cash flow last quarter ($217.2M vs $-461.0M). Over the past eight quarters, ON Semiconductor's revenue compounded faster (-9.9% 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.
Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...
HII vs ON — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.5B |
| Net Profit | $149.0M | $181.8M |
| Gross Margin | — | 38.5% |
| Operating Margin | 9.3% | 57.9% |
| Net Margin | 8.9% | 12.0% |
| Revenue YoY | 13.8% | 4.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | $3.79 | $0.45 |
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 | $1.5B | ||
| Q4 25 | $3.5B | $1.6B | ||
| Q3 25 | $3.2B | $1.5B | ||
| Q2 25 | $3.1B | $1.4B | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $2.7B | $1.8B | ||
| Q2 24 | $3.0B | $1.7B |
| Q1 26 | $149.0M | $181.8M | ||
| Q4 25 | $159.0M | $255.0M | ||
| Q3 25 | $145.0M | $170.3M | ||
| Q2 25 | $152.0M | $-486.1M | ||
| Q1 25 | $149.0M | — | ||
| Q4 24 | $123.0M | $379.9M | ||
| Q3 24 | $101.0M | $401.7M | ||
| Q2 24 | $173.0M | $338.2M |
| Q1 26 | — | 38.5% | ||
| Q4 25 | — | 37.9% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 20.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 45.2% | ||
| Q3 24 | — | 45.4% | ||
| Q2 24 | — | 45.2% |
| Q1 26 | 9.3% | 57.9% | ||
| Q4 25 | 4.9% | 17.0% | ||
| Q3 25 | 5.0% | 13.2% | ||
| Q2 25 | 5.3% | -39.7% | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 3.7% | 23.7% | ||
| Q3 24 | 3.0% | 25.3% | ||
| Q2 24 | 6.3% | 22.4% |
| Q1 26 | 8.9% | 12.0% | ||
| Q4 25 | 4.6% | 16.4% | ||
| Q3 25 | 4.5% | 11.6% | ||
| Q2 25 | 4.9% | -33.6% | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 4.1% | 22.1% | ||
| Q3 24 | 3.7% | 22.8% | ||
| Q2 24 | 5.8% | 19.5% |
| Q1 26 | $3.79 | $0.45 | ||
| Q4 25 | $4.06 | $0.63 | ||
| Q3 25 | $3.68 | $0.41 | ||
| Q2 25 | $3.86 | $-1.15 | ||
| Q1 25 | $3.79 | — | ||
| Q4 24 | $3.15 | $0.88 | ||
| Q3 24 | $2.56 | $0.93 | ||
| Q2 24 | $4.38 | $0.78 |
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 | $2.4B |
| Total DebtLower is stronger | $2.7B | $3.0B |
| Stockholders' EquityBook value | $5.1B | $7.3B |
| Total Assets | $12.5B | $12.0B |
| Debt / EquityLower = less leverage | 0.52× | 0.41× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $216.0M | $2.4B | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.7B |
| Q1 26 | $2.7B | $3.0B | ||
| Q4 25 | $2.7B | $3.4B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.7B | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B |
| Q1 26 | $5.1B | $7.3B | ||
| Q4 25 | $5.1B | $7.9B | ||
| Q3 25 | $5.0B | $7.9B | ||
| Q2 25 | $4.9B | $8.0B | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.7B | $8.8B | ||
| Q3 24 | $4.2B | $8.6B | ||
| Q2 24 | $4.2B | $8.3B |
| Q1 26 | $12.5B | $12.0B | ||
| Q4 25 | $12.7B | $13.0B | ||
| Q3 25 | $12.3B | $13.1B | ||
| Q2 25 | $12.1B | $13.3B | ||
| Q1 25 | $12.1B | — | ||
| Q4 24 | $12.1B | $14.1B | ||
| Q3 24 | $11.1B | $13.9B | ||
| Q2 24 | $11.3B | $13.7B |
| Q1 26 | 0.52× | 0.41× | ||
| Q4 25 | 0.53× | 0.43× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.58× | 0.38× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.41× |
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 | $239.1M |
| Free Cash FlowOCF − Capex | $-461.0M | $217.2M |
| FCF MarginFCF / Revenue | -27.7% | 14.4% |
| Capex IntensityCapex / Revenue | 4.4% | — |
| Cash ConversionOCF / Net Profit | -2.62× | 1.32× |
| TTM Free Cash FlowTrailing 4 quarters | $795.0M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-390.0M | $239.1M | ||
| Q4 25 | $650.0M | $418.7M | ||
| Q3 25 | $118.0M | $184.3M | ||
| Q2 25 | $823.0M | $602.3M | ||
| Q1 25 | $-395.0M | — | ||
| Q4 24 | $391.0M | $579.7M | ||
| Q3 24 | $213.0M | $465.8M | ||
| Q2 24 | $-9.0M | $362.2M |
| Q1 26 | $-461.0M | $217.2M | ||
| Q4 25 | $516.0M | $372.4M | ||
| Q3 25 | $13.0M | $106.1M | ||
| Q2 25 | $727.0M | $454.7M | ||
| Q1 25 | $-462.0M | — | ||
| Q4 24 | $277.0M | $434.8M | ||
| Q3 24 | $125.0M | $293.6M | ||
| Q2 24 | $-99.0M | $207.7M |
| Q1 26 | -27.7% | 14.4% | ||
| Q4 25 | 14.8% | 24.0% | ||
| Q3 25 | 0.4% | 7.2% | ||
| Q2 25 | 23.6% | 31.5% | ||
| Q1 25 | -16.9% | — | ||
| Q4 24 | 9.2% | 25.2% | ||
| Q3 24 | 4.5% | 16.7% | ||
| Q2 24 | -3.3% | 12.0% |
| Q1 26 | 4.4% | — | ||
| Q4 25 | 3.9% | 3.0% | ||
| Q3 25 | 3.3% | 5.3% | ||
| Q2 25 | 3.1% | 10.2% | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 3.8% | 8.4% | ||
| Q3 24 | 3.2% | 9.8% | ||
| Q2 24 | 3.0% | 8.9% |
| Q1 26 | -2.62× | 1.32× | ||
| Q4 25 | 4.09× | 1.64× | ||
| Q3 25 | 0.81× | 1.08× | ||
| Q2 25 | 5.41× | — | ||
| Q1 25 | -2.65× | — | ||
| Q4 24 | 3.18× | 1.53× | ||
| Q3 24 | 2.11× | 1.16× | ||
| Q2 24 | -0.05× | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
