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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
SHOPIFY INC. is the larger business by last-quarter revenue ($3.7B vs $3.5B, roughly 1.1× Huntington Ingalls Industries). SHOPIFY INC. runs the higher net margin — 20.2% vs 4.6%, a 15.7% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 15.7%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $516.0M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 11.3%).
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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
HII vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $3.7B |
| Net Profit | $159.0M | $743.0M |
| Gross Margin | — | 46.1% |
| Operating Margin | 4.9% | 17.2% |
| Net Margin | 4.6% | 20.2% |
| Revenue YoY | 15.7% | 30.6% |
| Net Profit YoY | 29.3% | -42.5% |
| EPS (diluted) | $4.06 | $0.58 |
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 | $3.7B | ||
| Q3 25 | $3.2B | $2.8B | ||
| Q2 25 | $3.1B | $2.7B | ||
| Q1 25 | $2.7B | $2.4B | ||
| Q4 24 | $3.0B | $2.8B | ||
| Q3 24 | $2.7B | $2.2B | ||
| Q2 24 | $3.0B | $2.0B | ||
| Q1 24 | $2.8B | $1.9B |
| Q4 25 | $159.0M | $743.0M | ||
| Q3 25 | $145.0M | $264.0M | ||
| Q2 25 | $152.0M | $906.0M | ||
| Q1 25 | $149.0M | $-682.0M | ||
| Q4 24 | $123.0M | $1.3B | ||
| Q3 24 | $101.0M | $828.0M | ||
| Q2 24 | $173.0M | $171.0M | ||
| Q1 24 | $153.0M | $-273.0M |
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% | ||
| Q1 24 | — | 51.4% |
| Q4 25 | 4.9% | 17.2% | ||
| Q3 25 | 5.0% | 12.1% | ||
| Q2 25 | 5.3% | 10.9% | ||
| Q1 25 | 5.9% | 8.6% | ||
| Q4 24 | 3.7% | 16.5% | ||
| Q3 24 | 3.0% | 13.1% | ||
| Q2 24 | 6.3% | 11.8% | ||
| Q1 24 | 5.5% | 4.6% |
| Q4 25 | 4.6% | 20.2% | ||
| Q3 25 | 4.5% | 9.3% | ||
| Q2 25 | 4.9% | 33.8% | ||
| Q1 25 | 5.4% | -28.9% | ||
| Q4 24 | 4.1% | 46.0% | ||
| Q3 24 | 3.7% | 38.3% | ||
| Q2 24 | 5.8% | 8.4% | ||
| Q1 24 | 5.5% | -14.7% |
| Q4 25 | $4.06 | $0.58 | ||
| Q3 25 | $3.68 | $0.20 | ||
| Q2 25 | $3.86 | $0.69 | ||
| Q1 25 | $3.79 | $-0.53 | ||
| Q4 24 | $3.15 | $0.99 | ||
| Q3 24 | $2.56 | $0.64 | ||
| Q2 24 | $4.38 | $0.13 | ||
| Q1 24 | $3.87 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $5.8B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $5.1B | $13.5B |
| Total Assets | $12.7B | $15.2B |
| Debt / EquityLower = less leverage | 0.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $10.0M | — |
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $5.1B | $13.5B | ||
| Q3 25 | $5.0B | $12.5B | ||
| Q2 25 | $4.9B | $12.1B | ||
| Q1 25 | $4.8B | $11.1B | ||
| Q4 24 | $4.7B | $11.6B | ||
| Q3 24 | $4.2B | $10.1B | ||
| Q2 24 | $4.2B | $9.2B | ||
| Q1 24 | $4.1B | $8.9B |
| Q4 25 | $12.7B | $15.2B | ||
| Q3 25 | $12.3B | $15.0B | ||
| Q2 25 | $12.1B | $14.6B | ||
| Q1 25 | $12.1B | $13.4B | ||
| Q4 24 | $12.1B | $13.9B | ||
| Q3 24 | $11.1B | — | ||
| Q2 24 | $11.3B | — | ||
| Q1 24 | $11.2B | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $650.0M | $725.0M |
| Free Cash FlowOCF − Capex | $516.0M | $715.0M |
| FCF MarginFCF / Revenue | 14.8% | 19.5% |
| Capex IntensityCapex / Revenue | 3.9% | 0.3% |
| Cash ConversionOCF / Net Profit | 4.09× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $650.0M | $725.0M | ||
| Q3 25 | $118.0M | $513.0M | ||
| Q2 25 | $823.0M | $428.0M | ||
| Q1 25 | $-395.0M | $367.0M | ||
| Q4 24 | $391.0M | $615.0M | ||
| Q3 24 | $213.0M | $423.0M | ||
| Q2 24 | $-9.0M | $340.0M | ||
| Q1 24 | $-202.0M | $238.0M |
| Q4 25 | $516.0M | $715.0M | ||
| Q3 25 | $13.0M | $507.0M | ||
| Q2 25 | $727.0M | $422.0M | ||
| Q1 25 | $-462.0M | $363.0M | ||
| Q4 24 | $277.0M | $611.0M | ||
| Q3 24 | $125.0M | $421.0M | ||
| Q2 24 | $-99.0M | $333.0M | ||
| Q1 24 | $-277.0M | $232.0M |
| Q4 25 | 14.8% | 19.5% | ||
| Q3 25 | 0.4% | 17.8% | ||
| Q2 25 | 23.6% | 15.7% | ||
| Q1 25 | -16.9% | 15.4% | ||
| Q4 24 | 9.2% | 21.7% | ||
| Q3 24 | 4.5% | 19.5% | ||
| Q2 24 | -3.3% | 16.3% | ||
| Q1 24 | -9.9% | 12.5% |
| Q4 25 | 3.9% | 0.3% | ||
| Q3 25 | 3.3% | 0.2% | ||
| Q2 25 | 3.1% | 0.2% | ||
| Q1 25 | 2.5% | 0.2% | ||
| Q4 24 | 3.8% | 0.1% | ||
| Q3 24 | 3.2% | 0.1% | ||
| Q2 24 | 3.0% | 0.3% | ||
| Q1 24 | 2.7% | 0.3% |
| Q4 25 | 4.09× | 0.98× | ||
| Q3 25 | 0.81× | 1.94× | ||
| Q2 25 | 5.41× | 0.47× | ||
| Q1 25 | -2.65× | — | ||
| Q4 24 | 3.18× | 0.48× | ||
| Q3 24 | 2.11× | 0.51× | ||
| Q2 24 | -0.05× | 1.99× | ||
| Q1 24 | -1.32× | — |
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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
