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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and Solventum (SOLV). Click either name above to swap in a different company.
Huntington Ingalls Industries is the larger business by last-quarter revenue ($3.5B vs $2.0B, roughly 1.7× Solventum). Huntington Ingalls Industries runs the higher net margin — 4.6% vs 3.2%, a 1.4% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (15.7% vs -3.7%). Huntington Ingalls Industries produced more free cash flow last quarter ($516.0M vs $32.0M). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs -0.4%).
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.
Solventum Corporation is an American health care company that was spun off from 3M on April 1, 2024.
HII vs SOLV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $2.0B |
| Net Profit | $159.0M | $63.0M |
| Gross Margin | — | 51.4% |
| Operating Margin | 4.9% | 6.3% |
| Net Margin | 4.6% | 3.2% |
| Revenue YoY | 15.7% | -3.7% |
| Net Profit YoY | 29.3% | 103.2% |
| EPS (diluted) | $4.06 | $0.37 |
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 | $2.0B | ||
| Q3 25 | $3.2B | $2.1B | ||
| Q2 25 | $3.1B | $2.2B | ||
| Q1 25 | $2.7B | $2.1B | ||
| Q4 24 | $3.0B | $2.1B | ||
| Q3 24 | $2.7B | $2.1B | ||
| Q2 24 | $3.0B | $2.1B | ||
| Q1 24 | $2.8B | $2.0B |
| Q4 25 | $159.0M | $63.0M | ||
| Q3 25 | $145.0M | $1.3B | ||
| Q2 25 | $152.0M | $90.0M | ||
| Q1 25 | $149.0M | $137.0M | ||
| Q4 24 | $123.0M | $31.0M | ||
| Q3 24 | $101.0M | $122.0M | ||
| Q2 24 | $173.0M | $89.0M | ||
| Q1 24 | $153.0M | $237.0M |
| Q4 25 | — | 51.4% | ||
| Q3 25 | — | 54.2% | ||
| Q2 25 | — | 54.4% | ||
| Q1 25 | — | 53.8% | ||
| Q4 24 | — | 53.9% | ||
| Q3 24 | — | 56.0% | ||
| Q2 24 | — | 54.6% | ||
| Q1 24 | — | 58.1% |
| Q4 25 | 4.9% | 6.3% | ||
| Q3 25 | 5.0% | 80.6% | ||
| Q2 25 | 5.3% | 9.9% | ||
| Q1 25 | 5.9% | 7.3% | ||
| Q4 24 | 3.7% | 6.6% | ||
| Q3 24 | 3.0% | 13.2% | ||
| Q2 24 | 6.3% | 11.7% | ||
| Q1 24 | 5.5% | 18.9% |
| Q4 25 | 4.6% | 3.2% | ||
| Q3 25 | 4.5% | 60.4% | ||
| Q2 25 | 4.9% | 4.2% | ||
| Q1 25 | 5.4% | 6.6% | ||
| Q4 24 | 4.1% | 1.5% | ||
| Q3 24 | 3.7% | 5.9% | ||
| Q2 24 | 5.8% | 4.3% | ||
| Q1 24 | 5.5% | 11.8% |
| Q4 25 | $4.06 | $0.37 | ||
| Q3 25 | $3.68 | $7.22 | ||
| Q2 25 | $3.86 | $0.51 | ||
| Q1 25 | $3.79 | $0.78 | ||
| Q4 24 | $3.15 | $0.18 | ||
| Q3 24 | $2.56 | $0.70 | ||
| Q2 24 | $4.38 | $0.51 | ||
| Q1 24 | $3.87 | $1.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $878.0M |
| Total DebtLower is stronger | $2.7B | $5.0B |
| Stockholders' EquityBook value | $5.1B | $5.0B |
| Total Assets | $12.7B | $14.3B |
| Debt / EquityLower = less leverage | 0.53× | 1.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $878.0M | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $492.0M | ||
| Q1 25 | — | $534.0M | ||
| Q4 24 | — | $762.0M | ||
| Q3 24 | — | $772.0M | ||
| Q2 24 | — | $897.0M | ||
| Q1 24 | $10.0M | $996.0M |
| Q4 25 | $2.7B | $5.0B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | $2.7B | $8.0B | ||
| Q3 24 | — | $8.1B | ||
| Q2 24 | — | $8.3B | ||
| Q1 24 | — | $8.3B |
| Q4 25 | $5.1B | $5.0B | ||
| Q3 25 | $5.0B | $5.0B | ||
| Q2 25 | $4.9B | $3.6B | ||
| Q1 25 | $4.8B | $3.3B | ||
| Q4 24 | $4.7B | $3.0B | ||
| Q3 24 | $4.2B | $3.2B | ||
| Q2 24 | $4.2B | $2.9B | ||
| Q1 24 | $4.1B | $3.9B |
| Q4 25 | $12.7B | $14.3B | ||
| Q3 25 | $12.3B | $14.0B | ||
| Q2 25 | $12.1B | $15.1B | ||
| Q1 25 | $12.1B | $14.5B | ||
| Q4 24 | $12.1B | $14.5B | ||
| Q3 24 | $11.1B | $14.7B | ||
| Q2 24 | $11.3B | $14.6B | ||
| Q1 24 | $11.2B | $14.7B |
| Q4 25 | 0.53× | 1.00× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 2.43× | ||
| Q4 24 | 0.58× | 2.71× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | 2.16× |
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 | $95.0M |
| Free Cash FlowOCF − Capex | $516.0M | $32.0M |
| FCF MarginFCF / Revenue | 14.8% | 1.6% |
| Capex IntensityCapex / Revenue | 3.9% | 3.2% |
| Cash ConversionOCF / Net Profit | 4.09× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | $-10.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $650.0M | $95.0M | ||
| Q3 25 | $118.0M | $76.0M | ||
| Q2 25 | $823.0M | $169.0M | ||
| Q1 25 | $-395.0M | $29.0M | ||
| Q4 24 | $391.0M | $219.0M | ||
| Q3 24 | $213.0M | $169.0M | ||
| Q2 24 | $-9.0M | $355.0M | ||
| Q1 24 | $-202.0M | $442.0M |
| Q4 25 | $516.0M | $32.0M | ||
| Q3 25 | $13.0M | $-21.0M | ||
| Q2 25 | $727.0M | $59.0M | ||
| Q1 25 | $-462.0M | $-80.0M | ||
| Q4 24 | $277.0M | $92.0M | ||
| Q3 24 | $125.0M | $76.0M | ||
| Q2 24 | $-99.0M | $297.0M | ||
| Q1 24 | $-277.0M | $340.0M |
| Q4 25 | 14.8% | 1.6% | ||
| Q3 25 | 0.4% | -1.0% | ||
| Q2 25 | 23.6% | 2.7% | ||
| Q1 25 | -16.9% | -3.9% | ||
| Q4 24 | 9.2% | 4.4% | ||
| Q3 24 | 4.5% | 3.7% | ||
| Q2 24 | -3.3% | 14.3% | ||
| Q1 24 | -9.9% | 16.9% |
| Q4 25 | 3.9% | 3.2% | ||
| Q3 25 | 3.3% | 4.6% | ||
| Q2 25 | 3.1% | 5.1% | ||
| Q1 25 | 2.5% | 5.3% | ||
| Q4 24 | 3.8% | 6.1% | ||
| Q3 24 | 3.2% | 4.5% | ||
| Q2 24 | 3.0% | 2.8% | ||
| Q1 24 | 2.7% | 5.1% |
| Q4 25 | 4.09× | 1.51× | ||
| Q3 25 | 0.81× | 0.06× | ||
| Q2 25 | 5.41× | 1.88× | ||
| Q1 25 | -2.65× | 0.21× | ||
| Q4 24 | 3.18× | 7.06× | ||
| Q3 24 | 2.11× | 1.39× | ||
| Q2 24 | -0.05× | 3.99× | ||
| Q1 24 | -1.32× | 1.86× |
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% |
SOLV
| Infection Prevention And Surgical Solutions | $752.0M | 38% |
| Cost Of Software And Rentals | $508.0M | 25% |
| Health Information Systems Segment | $347.0M | 17% |
| Dental Solutions Segment | $343.0M | 17% |
| Related Party | $14.0M | 1% |
