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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and REINSURANCE GROUP OF AMERICA INC (RGA). Click either name above to swap in a different company.
REINSURANCE GROUP OF AMERICA INC is the larger business by last-quarter revenue ($6.6B vs $3.5B, roughly 1.9× Huntington Ingalls Industries). REINSURANCE GROUP OF AMERICA INC runs the higher net margin — 7.0% vs 4.6%, a 2.4% gap on every dollar of revenue. On growth, REINSURANCE GROUP OF AMERICA INC posted the faster year-over-year revenue change (26.6% vs 15.7%). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs 2.3%).
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.
Reinsurance Group of America, Incorporated is a holding company for a global life and health reinsurance entity based in Greater St. Louis within the western suburb of Chesterfield, Missouri, United States. With approximately $3.9 trillion of life reinsurance in force and assets of $118.7 billion as of December 31, 2024, RGA has grown to become the only international company to focus primarily on life and health-related reinsurance.
HII vs RGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $6.6B |
| Net Profit | $159.0M | $463.0M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 7.7% |
| Net Margin | 4.6% | 7.0% |
| Revenue YoY | 15.7% | 26.6% |
| Net Profit YoY | 29.3% | 212.8% |
| EPS (diluted) | $4.06 | $6.91 |
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 | $6.6B | ||
| Q3 25 | $3.2B | $6.2B | ||
| Q2 25 | $3.1B | $5.6B | ||
| Q1 25 | $2.7B | $5.3B | ||
| Q4 24 | $3.0B | $5.2B | ||
| Q3 24 | $2.7B | $5.7B | ||
| Q2 24 | $3.0B | $4.9B | ||
| Q1 24 | $2.8B | $6.3B |
| Q4 25 | $159.0M | $463.0M | ||
| Q3 25 | $145.0M | $253.0M | ||
| Q2 25 | $152.0M | $180.0M | ||
| Q1 25 | $149.0M | $286.0M | ||
| Q4 24 | $123.0M | $148.0M | ||
| Q3 24 | $101.0M | $156.0M | ||
| Q2 24 | $173.0M | $203.0M | ||
| Q1 24 | $153.0M | $210.0M |
| Q4 25 | 4.9% | 7.7% | ||
| Q3 25 | 5.0% | 5.2% | ||
| Q2 25 | 5.3% | 6.1% | ||
| Q1 25 | 5.9% | 7.0% | ||
| Q4 24 | 3.7% | 4.3% | ||
| Q3 24 | 3.0% | 3.8% | ||
| Q2 24 | 6.3% | 5.5% | ||
| Q1 24 | 5.5% | 4.3% |
| Q4 25 | 4.6% | 7.0% | ||
| Q3 25 | 4.5% | 4.1% | ||
| Q2 25 | 4.9% | 3.2% | ||
| Q1 25 | 5.4% | 5.4% | ||
| Q4 24 | 4.1% | 2.8% | ||
| Q3 24 | 3.7% | 2.8% | ||
| Q2 24 | 5.8% | 4.2% | ||
| Q1 24 | 5.5% | 3.3% |
| Q4 25 | $4.06 | $6.91 | ||
| Q3 25 | $3.68 | $3.81 | ||
| Q2 25 | $3.86 | $2.70 | ||
| Q1 25 | $3.79 | $4.27 | ||
| Q4 24 | $3.15 | $2.21 | ||
| Q3 24 | $2.56 | $2.33 | ||
| Q2 24 | $4.38 | $3.03 | ||
| Q1 24 | $3.87 | $3.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.2B |
| Total DebtLower is stronger | $2.7B | $5.7B |
| Stockholders' EquityBook value | $5.1B | $13.5B |
| Total Assets | $12.7B | $156.6B |
| Debt / EquityLower = less leverage | 0.53× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $4.6B | ||
| Q1 24 | $10.0M | $5.9B |
| Q4 25 | $2.7B | $5.7B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | $2.7B | $5.0B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $5.1B | $13.5B | ||
| Q3 25 | $5.0B | $13.0B | ||
| Q2 25 | $4.9B | $12.1B | ||
| Q1 25 | $4.8B | $11.4B | ||
| Q4 24 | $4.7B | $10.8B | ||
| Q3 24 | $4.2B | $11.1B | ||
| Q2 24 | $4.2B | $9.7B | ||
| Q1 24 | $4.1B | $9.5B |
| Q4 25 | $12.7B | $156.6B | ||
| Q3 25 | $12.3B | $152.0B | ||
| Q2 25 | $12.1B | $133.5B | ||
| Q1 25 | $12.1B | $128.2B | ||
| Q4 24 | $12.1B | $118.7B | ||
| Q3 24 | $11.1B | $120.3B | ||
| Q2 24 | $11.3B | $109.9B | ||
| Q1 24 | $11.2B | $106.0B |
| Q4 25 | 0.53× | 0.42× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | 0.58× | 0.47× | ||
| Q3 24 | — | 0.46× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.47× |
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 | $7.3B |
| Free Cash FlowOCF − Capex | $516.0M | — |
| FCF MarginFCF / Revenue | 14.8% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | 4.09× | 15.83× |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $650.0M | $7.3B | ||
| Q3 25 | $118.0M | $-990.0M | ||
| Q2 25 | $823.0M | $-820.0M | ||
| Q1 25 | $-395.0M | $-1.4B | ||
| Q4 24 | $391.0M | $17.1B | ||
| Q3 24 | $213.0M | $-1.1B | ||
| Q2 24 | $-9.0M | $-967.0M | ||
| Q1 24 | $-202.0M | $-5.7B |
| 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× | 15.83× | ||
| Q3 25 | 0.81× | -3.91× | ||
| Q2 25 | 5.41× | -4.56× | ||
| Q1 25 | -2.65× | -5.00× | ||
| Q4 24 | 3.18× | 115.81× | ||
| Q3 24 | 2.11× | -6.84× | ||
| Q2 24 | -0.05× | -4.76× | ||
| Q1 24 | -1.32× | -27.31× |
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% |
RGA
Segment breakdown not available.
