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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and QVC INC (QVCD). Click either name above to swap in a different company.
Huntington Ingalls Industries is the larger business by last-quarter revenue ($3.5B vs $2.4B, roughly 1.4× QVC INC). Huntington Ingalls Industries runs the higher net margin — 4.6% vs 1.5%, a 3.0% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (15.7% vs -8.9%). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs 7.1%).
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.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
HII vs QVCD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $2.4B |
| Net Profit | $159.0M | $37.0M |
| Gross Margin | — | 32.5% |
| Operating Margin | 4.9% | 5.6% |
| Net Margin | 4.6% | 1.5% |
| Revenue YoY | 15.7% | -8.9% |
| Net Profit YoY | 29.3% | 103.0% |
| EPS (diluted) | $4.06 | — |
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 | $2.4B | ||
| Q3 25 | $3.2B | $2.0B | ||
| Q2 25 | $3.1B | $2.0B | ||
| Q1 25 | $2.7B | $1.9B | ||
| Q4 24 | $3.0B | $2.7B | ||
| Q3 24 | $2.7B | $2.1B | ||
| Q2 24 | $3.0B | $2.1B | ||
| Q1 24 | $2.8B | $2.1B |
| Q4 25 | $159.0M | $37.0M | ||
| Q3 25 | $145.0M | $2.0M | ||
| Q2 25 | $152.0M | $-2.2B | ||
| Q1 25 | $149.0M | $-42.0M | ||
| Q4 24 | $123.0M | $-1.2B | ||
| Q3 24 | $101.0M | $51.0M | ||
| Q2 24 | $173.0M | $53.0M | ||
| Q1 24 | $153.0M | $51.0M |
| Q4 25 | — | 32.5% | ||
| Q3 25 | — | 33.6% | ||
| Q2 25 | — | 35.4% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | 32.6% | ||
| Q3 24 | — | 34.7% | ||
| Q2 24 | — | 35.6% | ||
| Q1 24 | — | 35.0% |
| Q4 25 | 4.9% | 5.6% | ||
| Q3 25 | 5.0% | 4.6% | ||
| Q2 25 | 5.3% | -114.5% | ||
| Q1 25 | 5.9% | 1.5% | ||
| Q4 24 | 3.7% | -47.1% | ||
| Q3 24 | 3.0% | 7.8% | ||
| Q2 24 | 6.3% | 7.6% | ||
| Q1 24 | 5.5% | 7.4% |
| Q4 25 | 4.6% | 1.5% | ||
| Q3 25 | 4.5% | 0.1% | ||
| Q2 25 | 4.9% | -109.1% | ||
| Q1 25 | 5.4% | -2.2% | ||
| Q4 24 | 4.1% | -46.0% | ||
| Q3 24 | 3.7% | 2.4% | ||
| Q2 24 | 5.8% | 2.5% | ||
| Q1 24 | 5.5% | 2.4% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.5B |
| Total DebtLower is stronger | $2.7B | $1.0M |
| Stockholders' EquityBook value | $5.1B | $1.2B |
| Total Assets | $12.7B | $8.5B |
| Debt / EquityLower = less leverage | 0.53× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $297.0M | ||
| Q3 24 | — | $297.0M | ||
| Q2 24 | — | $315.0M | ||
| Q1 24 | $10.0M | $311.0M |
| Q4 25 | $2.7B | $1.0M | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | $2.7B | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | $5.1B | $1.2B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $4.9B | $1.2B | ||
| Q1 25 | $4.8B | $3.3B | ||
| Q4 24 | $4.7B | $3.3B | ||
| Q3 24 | $4.2B | $4.6B | ||
| Q2 24 | $4.2B | $4.3B | ||
| Q1 24 | $4.1B | $4.2B |
| Q4 25 | $12.7B | $8.5B | ||
| Q3 25 | $12.3B | $8.3B | ||
| Q2 25 | $12.1B | $7.4B | ||
| Q1 25 | $12.1B | $9.7B | ||
| Q4 24 | $12.1B | $9.9B | ||
| Q3 24 | $11.1B | $9.9B | ||
| Q2 24 | $11.3B | $11.2B | ||
| Q1 24 | $11.2B | $11.4B |
| Q4 25 | 0.53× | 0.00× | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.42× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | 0.58× | 1.01× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.89× |
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 | $245.0M |
| Free Cash FlowOCF − Capex | $516.0M | — |
| FCF MarginFCF / Revenue | 14.8% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | 4.09× | 6.62× |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $650.0M | $245.0M | ||
| Q3 25 | $118.0M | $76.0M | ||
| Q2 25 | $823.0M | $52.0M | ||
| Q1 25 | $-395.0M | $46.0M | ||
| Q4 24 | $391.0M | $189.0M | ||
| Q3 24 | $213.0M | $98.0M | ||
| Q2 24 | $-9.0M | $164.0M | ||
| Q1 24 | $-202.0M | $84.0M |
| 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 | — | ||
| Q1 24 | $-277.0M | — |
| 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% | — |
| 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% | — |
| Q4 25 | 4.09× | 6.62× | ||
| Q3 25 | 0.81× | 38.00× | ||
| Q2 25 | 5.41× | — | ||
| Q1 25 | -2.65× | — | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 2.11× | 1.92× | ||
| Q2 24 | -0.05× | 3.09× | ||
| Q1 24 | -1.32× | 1.65× |
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% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
