vs

Side-by-side financial comparison of Huntington Ingalls Industries (HII) and PAN AMERICAN SILVER CORP (PAAS). Click either name above to swap in a different company.

Huntington Ingalls Industries is the larger business by last-quarter revenue ($3.5B vs $2.8B, roughly 1.2× PAN AMERICAN SILVER CORP).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

HII vs PAAS — Head-to-Head

Bigger by revenue
HII
HII
1.2× larger
HII
$3.5B
$2.8B
PAAS

Income Statement — Q4 FY2025 vs Q3 FY2022

Metric
HII
HII
PAAS
PAAS
Revenue
$3.5B
$2.8B
Net Profit
$159.0M
Gross Margin
27.0%
Operating Margin
4.9%
Net Margin
4.6%
Revenue YoY
15.7%
Net Profit YoY
29.3%
EPS (diluted)
$4.06
$-1.05

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
PAAS
PAAS
Q4 25
$3.5B
Q3 25
$3.2B
Q2 25
$3.1B
Q1 25
$2.7B
Q4 24
$3.0B
Q3 24
$2.7B
Q2 24
$3.0B
Q1 24
$2.8B
Net Profit
HII
HII
PAAS
PAAS
Q4 25
$159.0M
Q3 25
$145.0M
Q2 25
$152.0M
Q1 25
$149.0M
Q4 24
$123.0M
Q3 24
$101.0M
Q2 24
$173.0M
Q1 24
$153.0M
Operating Margin
HII
HII
PAAS
PAAS
Q4 25
4.9%
Q3 25
5.0%
Q2 25
5.3%
Q1 25
5.9%
Q4 24
3.7%
Q3 24
3.0%
Q2 24
6.3%
Q1 24
5.5%
Net Margin
HII
HII
PAAS
PAAS
Q4 25
4.6%
Q3 25
4.5%
Q2 25
4.9%
Q1 25
5.4%
Q4 24
4.1%
Q3 24
3.7%
Q2 24
5.8%
Q1 24
5.5%
EPS (diluted)
HII
HII
PAAS
PAAS
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
Q1 24
$3.87

Balance Sheet & Financial Strength

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

Metric
HII
HII
PAAS
PAAS
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$5.1B
Total Assets
$12.7B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HII
HII
PAAS
PAAS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$10.0M
Total Debt
HII
HII
PAAS
PAAS
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.7B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HII
HII
PAAS
PAAS
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
Q1 24
$4.1B
Total Assets
HII
HII
PAAS
PAAS
Q4 25
$12.7B
Q3 25
$12.3B
Q2 25
$12.1B
Q1 25
$12.1B
Q4 24
$12.1B
Q3 24
$11.1B
Q2 24
$11.3B
Q1 24
$11.2B
Debt / Equity
HII
HII
PAAS
PAAS
Q4 25
0.53×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
Q3 24
Q2 24
Q1 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
PAAS
PAAS
Operating Cash FlowLast quarter
$650.0M
Free Cash FlowOCF − Capex
$516.0M
FCF MarginFCF / Revenue
14.8%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
4.09×
TTM Free Cash FlowTrailing 4 quarters
$794.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HII
HII
PAAS
PAAS
Q4 25
$650.0M
Q3 25
$118.0M
Q2 25
$823.0M
Q1 25
$-395.0M
Q4 24
$391.0M
Q3 24
$213.0M
Q2 24
$-9.0M
Q1 24
$-202.0M
Free Cash Flow
HII
HII
PAAS
PAAS
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
Q1 24
$-277.0M
FCF Margin
HII
HII
PAAS
PAAS
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%
Q1 24
-9.9%
Capex Intensity
HII
HII
PAAS
PAAS
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%
Q1 24
2.7%
Cash Conversion
HII
HII
PAAS
PAAS
Q4 25
4.09×
Q3 25
0.81×
Q2 25
5.41×
Q1 25
-2.65×
Q4 24
3.18×
Q3 24
2.11×
Q2 24
-0.05×
Q1 24
-1.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HII
HII

Aircraftcarriers$984.0M28%
Fixedpriceincentive$758.0M22%
Submarines$744.0M21%
Surfacecombatantsandcoastguardcutters$452.0M13%
Amphibiousassaultships$433.0M12%
Costtype$123.0M4%
Otherprograms$4.0M0%

PAAS
PAAS

Segment breakdown not available.

Related Comparisons