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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and PG&E Corporation (PCG). Click either name above to swap in a different company.
PG&E Corporation is the larger business by last-quarter revenue ($6.9B vs $3.5B, roughly 2.0× Huntington Ingalls Industries). PG&E Corporation runs the higher net margin — 12.9% vs 4.6%, a 8.3% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (15.7% vs 15.0%). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs 7.2%).
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.
Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.
HII vs PCG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $6.9B |
| Net Profit | $159.0M | $885.0M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 21.4% |
| Net Margin | 4.6% | 12.9% |
| Revenue YoY | 15.7% | 15.0% |
| Net Profit YoY | 29.3% | 39.6% |
| EPS (diluted) | $4.06 | $0.39 |
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 | — | $6.9B | ||
| Q4 25 | $3.5B | $6.8B | ||
| Q3 25 | $3.2B | $6.3B | ||
| Q2 25 | $3.1B | $5.9B | ||
| Q1 25 | $2.7B | $6.0B | ||
| Q4 24 | $3.0B | $6.6B | ||
| Q3 24 | $2.7B | $5.9B | ||
| Q2 24 | $3.0B | $6.0B |
| Q1 26 | — | $885.0M | ||
| Q4 25 | $159.0M | $670.0M | ||
| Q3 25 | $145.0M | $850.0M | ||
| Q2 25 | $152.0M | $549.0M | ||
| Q1 25 | $149.0M | $634.0M | ||
| Q4 24 | $123.0M | $674.0M | ||
| Q3 24 | $101.0M | $579.0M | ||
| Q2 24 | $173.0M | $524.0M |
| Q1 26 | — | 21.4% | ||
| Q4 25 | 4.9% | 18.0% | ||
| Q3 25 | 5.0% | 19.3% | ||
| Q2 25 | 5.3% | 18.6% | ||
| Q1 25 | 5.9% | 20.4% | ||
| Q4 24 | 3.7% | 15.4% | ||
| Q3 24 | 3.0% | 17.3% | ||
| Q2 24 | 6.3% | 18.9% |
| Q1 26 | — | 12.9% | ||
| Q4 25 | 4.6% | 9.8% | ||
| Q3 25 | 4.5% | 13.6% | ||
| Q2 25 | 4.9% | 9.3% | ||
| Q1 25 | 5.4% | 10.6% | ||
| Q4 24 | 4.1% | 10.2% | ||
| Q3 24 | 3.7% | 9.7% | ||
| Q2 24 | 5.8% | 8.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $4.06 | $0.29 | ||
| Q3 25 | $3.68 | $0.37 | ||
| Q2 25 | $3.86 | $0.24 | ||
| Q1 25 | $3.79 | $0.28 | ||
| Q4 24 | $3.15 | $0.30 | ||
| Q3 24 | $2.56 | $0.27 | ||
| Q2 24 | $4.38 | $0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | — | $713.0M | ||
| Q3 25 | — | $404.0M | ||
| Q2 25 | — | $494.0M | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $940.0M | ||
| Q3 24 | — | $895.0M | ||
| Q2 24 | — | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $57.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.7B | $53.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $32.5B | ||
| Q3 25 | $5.0B | $32.0B | ||
| Q2 25 | $4.9B | $31.2B | ||
| Q1 25 | $4.8B | $30.7B | ||
| Q4 24 | $4.7B | $30.1B | ||
| Q3 24 | $4.2B | $26.8B | ||
| Q2 24 | $4.2B | $26.3B |
| Q1 26 | — | — | ||
| Q4 25 | $12.7B | $141.6B | ||
| Q3 25 | $12.3B | $138.2B | ||
| Q2 25 | $12.1B | $136.4B | ||
| Q1 25 | $12.1B | $135.4B | ||
| Q4 24 | $12.1B | $133.7B | ||
| Q3 24 | $11.1B | $132.3B | ||
| Q2 24 | $11.3B | $130.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.53× | 1.76× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.58× | 1.78× | ||
| 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 | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $650.0M | $2.0B | ||
| Q3 25 | $118.0M | $2.9B | ||
| Q2 25 | $823.0M | $1.1B | ||
| Q1 25 | $-395.0M | $2.8B | ||
| Q4 24 | $391.0M | $1.9B | ||
| Q3 24 | $213.0M | $3.1B | ||
| Q2 24 | $-9.0M | $711.0M |
| Q1 26 | — | — | ||
| Q4 25 | $516.0M | $-1.2B | ||
| Q3 25 | $13.0M | $-80.0M | ||
| Q2 25 | $727.0M | $-2.0B | ||
| Q1 25 | $-462.0M | $213.0M | ||
| Q4 24 | $277.0M | $-896.0M | ||
| Q3 24 | $125.0M | $526.0M | ||
| Q2 24 | $-99.0M | $-1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | -17.6% | ||
| Q3 25 | 0.4% | -1.3% | ||
| Q2 25 | 23.6% | -34.0% | ||
| Q1 25 | -16.9% | 3.6% | ||
| Q4 24 | 9.2% | -13.5% | ||
| Q3 24 | 4.5% | 8.9% | ||
| Q2 24 | -3.3% | -26.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 46.4% | ||
| Q3 25 | 3.3% | 46.9% | ||
| Q2 25 | 3.1% | 52.0% | ||
| Q1 25 | 2.5% | 44.0% | ||
| Q4 24 | 3.8% | 42.6% | ||
| Q3 24 | 3.2% | 43.8% | ||
| Q2 24 | 3.0% | 38.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.09× | 2.93× | ||
| Q3 25 | 0.81× | 3.35× | ||
| Q2 25 | 5.41× | 1.93× | ||
| Q1 25 | -2.65× | 4.49× | ||
| Q4 24 | 3.18× | 2.87× | ||
| Q3 24 | 2.11× | 5.41× | ||
| Q2 24 | -0.05× | 1.36× |
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% |
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
