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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Royal Caribbean Group is the larger business by last-quarter revenue ($4.5B vs $3.5B, roughly 1.3× Huntington Ingalls Industries). Royal Caribbean Group runs the higher net margin — 21.3% vs 4.6%, a 16.8% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (15.7% vs 11.3%). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs 4.1%).
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.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
HII vs RCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $4.5B |
| Net Profit | $159.0M | $950.0M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 26.1% |
| Net Margin | 4.6% | 21.3% |
| Revenue YoY | 15.7% | 11.3% |
| Net Profit YoY | 29.3% | 29.1% |
| EPS (diluted) | $4.06 | $3.48 |
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 | — | $4.5B | ||
| Q4 25 | $3.5B | $4.3B | ||
| Q3 25 | $3.2B | $5.1B | ||
| Q2 25 | $3.1B | $4.5B | ||
| Q1 25 | $2.7B | $4.0B | ||
| Q4 24 | $3.0B | $3.8B | ||
| Q3 24 | $2.7B | $4.9B | ||
| Q2 24 | $3.0B | $4.1B |
| Q1 26 | — | $950.0M | ||
| Q4 25 | $159.0M | $753.0M | ||
| Q3 25 | $145.0M | $1.6B | ||
| Q2 25 | $152.0M | $1.2B | ||
| Q1 25 | $149.0M | $730.0M | ||
| Q4 24 | $123.0M | $552.0M | ||
| Q3 24 | $101.0M | $1.1B | ||
| Q2 24 | $173.0M | $854.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% |
| Q1 26 | — | 26.1% | ||
| Q4 25 | 4.9% | 21.9% | ||
| Q3 25 | 5.0% | 33.1% | ||
| Q2 25 | 5.3% | 29.3% | ||
| Q1 25 | 5.9% | 23.6% | ||
| Q4 24 | 3.7% | 16.6% | ||
| Q3 24 | 3.0% | 33.4% | ||
| Q2 24 | 6.3% | 26.7% |
| Q1 26 | — | 21.3% | ||
| Q4 25 | 4.6% | 17.7% | ||
| Q3 25 | 4.5% | 30.6% | ||
| Q2 25 | 4.9% | 26.7% | ||
| Q1 25 | 5.4% | 18.3% | ||
| Q4 24 | 4.1% | 14.7% | ||
| Q3 24 | 3.7% | 22.7% | ||
| Q2 24 | 5.8% | 20.8% |
| Q1 26 | — | $3.48 | ||
| Q4 25 | $4.06 | $2.76 | ||
| Q3 25 | $3.68 | $5.74 | ||
| Q2 25 | $3.86 | $4.41 | ||
| Q1 25 | $3.79 | $2.70 | ||
| Q4 24 | $3.15 | $2.27 | ||
| Q3 24 | $2.56 | $4.21 | ||
| Q2 24 | $4.38 | $3.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $512.0M |
| Total DebtLower is stronger | $2.7B | $21.1B |
| Stockholders' EquityBook value | $5.1B | $10.0B |
| Total Assets | $12.7B | $42.0B |
| Debt / EquityLower = less leverage | 0.53× | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.0M | ||
| Q4 25 | — | $825.0M | ||
| Q3 25 | — | $432.0M | ||
| Q2 25 | — | $735.0M | ||
| Q1 25 | — | $386.0M | ||
| Q4 24 | — | $388.0M | ||
| Q3 24 | — | $418.0M | ||
| Q2 24 | — | $391.0M |
| Q1 26 | — | $21.1B | ||
| Q4 25 | $2.7B | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | $2.7B | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
| Q1 26 | — | $10.0B | ||
| Q4 25 | $5.1B | $10.0B | ||
| Q3 25 | $5.0B | $10.1B | ||
| Q2 25 | $4.9B | $9.2B | ||
| Q1 25 | $4.8B | $8.0B | ||
| Q4 24 | $4.7B | $7.6B | ||
| Q3 24 | $4.2B | $7.0B | ||
| Q2 24 | $4.2B | $6.0B |
| Q1 26 | — | $42.0B | ||
| Q4 25 | $12.7B | $41.6B | ||
| Q3 25 | $12.3B | $40.1B | ||
| Q2 25 | $12.1B | $38.5B | ||
| Q1 25 | $12.1B | $37.5B | ||
| Q4 24 | $12.1B | $37.1B | ||
| Q3 24 | $11.1B | $37.1B | ||
| Q2 24 | $11.3B | $37.0B |
| Q1 26 | — | 2.11× | ||
| Q4 25 | 0.53× | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | 0.58× | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× |
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 | $1.8B |
| Free Cash FlowOCF − Capex | $516.0M | — |
| FCF MarginFCF / Revenue | 14.8% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | 4.09× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $650.0M | $1.6B | ||
| Q3 25 | $118.0M | $1.5B | ||
| Q2 25 | $823.0M | $1.7B | ||
| Q1 25 | $-395.0M | $1.6B | ||
| Q4 24 | $391.0M | $1.5B | ||
| Q3 24 | $213.0M | $897.0M | ||
| Q2 24 | $-9.0M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $516.0M | $116.0M | ||
| Q3 25 | $13.0M | $-989.0M | ||
| Q2 25 | $727.0M | $910.0M | ||
| Q1 25 | $-462.0M | $1.2B | ||
| Q4 24 | $277.0M | $915.0M | ||
| Q3 24 | $125.0M | $563.0M | ||
| Q2 24 | $-99.0M | $-567.0M |
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | 2.7% | ||
| Q3 25 | 0.4% | -19.2% | ||
| Q2 25 | 23.6% | 20.1% | ||
| Q1 25 | -16.9% | 30.0% | ||
| Q4 24 | 9.2% | 24.3% | ||
| Q3 24 | 4.5% | 11.5% | ||
| Q2 24 | -3.3% | -13.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 35.4% | ||
| Q3 25 | 3.3% | 47.8% | ||
| Q2 25 | 3.1% | 18.4% | ||
| Q1 25 | 2.5% | 10.7% | ||
| Q4 24 | 3.8% | 14.7% | ||
| Q3 24 | 3.2% | 6.8% | ||
| Q2 24 | 3.0% | 52.1% |
| Q1 26 | — | 1.93× | ||
| Q4 25 | 4.09× | 2.16× | ||
| Q3 25 | 0.81× | 0.93× | ||
| Q2 25 | 5.41× | 1.44× | ||
| Q1 25 | -2.65× | 2.23× | ||
| Q4 24 | 3.18× | 2.66× | ||
| Q3 24 | 2.11× | 0.81× | ||
| Q2 24 | -0.05× | 1.84× |
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% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
