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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and Ulta Beauty (ULTA). Click either name above to swap in a different company.
Huntington Ingalls Industries is the larger business by last-quarter revenue ($3.5B vs $2.9B, roughly 1.2× Ulta Beauty). Ulta Beauty runs the higher net margin — 8.1% vs 4.6%, a 3.5% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (15.7% vs 12.9%). Huntington Ingalls Industries produced more free cash flow last quarter ($516.0M vs $-81.6M). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs 7.2%).
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.
Ulta Beauty, Inc., formerly known as Ulta Salon, Cosmetics & Fragrance Inc. and before 2000 as Ulta3, is an American chain of cosmetic stores headquartered in Bolingbrook, Illinois. Ulta Beauty carries both high- and low-end cosmetics, fragrances, nail products, bath and body products, beauty tools and haircare products. Each location has a beauty salon available to the public.
HII vs ULTA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $2.9B |
| Net Profit | $159.0M | $230.9M |
| Gross Margin | — | 40.4% |
| Operating Margin | 4.9% | 10.8% |
| Net Margin | 4.6% | 8.1% |
| Revenue YoY | 15.7% | 12.9% |
| Net Profit YoY | 29.3% | -4.7% |
| EPS (diluted) | $4.06 | $5.14 |
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 | $2.9B | ||
| Q3 25 | $3.2B | $2.8B | ||
| Q2 25 | $3.1B | $2.8B | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $3.0B | $2.5B | ||
| Q3 24 | $2.7B | $2.6B | ||
| Q2 24 | $3.0B | $2.7B | ||
| Q1 24 | $2.8B | $3.6B |
| Q4 25 | $159.0M | $230.9M | ||
| Q3 25 | $145.0M | $260.9M | ||
| Q2 25 | $152.0M | $305.1M | ||
| Q1 25 | $149.0M | — | ||
| Q4 24 | $123.0M | $242.2M | ||
| Q3 24 | $101.0M | $252.6M | ||
| Q2 24 | $173.0M | $313.1M | ||
| Q1 24 | $153.0M | $394.4M |
| Q4 25 | — | 40.4% | ||
| Q3 25 | — | 39.2% | ||
| Q2 25 | — | 39.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 37.7% |
| Q4 25 | 4.9% | 10.8% | ||
| Q3 25 | 5.0% | 12.4% | ||
| Q2 25 | 5.3% | 14.1% | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 3.7% | 12.6% | ||
| Q3 24 | 3.0% | 12.9% | ||
| Q2 24 | 6.3% | 14.7% | ||
| Q1 24 | 5.5% | 14.5% |
| Q4 25 | 4.6% | 8.1% | ||
| Q3 25 | 4.5% | 9.4% | ||
| Q2 25 | 4.9% | 10.7% | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 4.1% | 9.6% | ||
| Q3 24 | 3.7% | 9.9% | ||
| Q2 24 | 5.8% | 11.5% | ||
| Q1 24 | 5.5% | 11.1% |
| Q4 25 | $4.06 | $5.14 | ||
| Q3 25 | $3.68 | $5.78 | ||
| Q2 25 | $3.86 | $6.70 | ||
| Q1 25 | $3.79 | — | ||
| Q4 24 | $3.15 | $5.14 | ||
| Q3 24 | $2.56 | $5.30 | ||
| Q2 24 | $4.38 | $6.47 | ||
| Q1 24 | $3.87 | $8.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $204.9M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $5.1B | $2.6B |
| Total Assets | $12.7B | $7.0B |
| Debt / EquityLower = less leverage | 0.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $204.9M | ||
| Q3 25 | — | $242.7M | ||
| Q2 25 | — | $454.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $177.8M | ||
| Q3 24 | — | $414.0M | ||
| Q2 24 | — | $524.6M | ||
| Q1 24 | $10.0M | $766.6M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $5.1B | $2.6B | ||
| Q3 25 | $5.0B | $2.6B | ||
| Q2 25 | $4.9B | $2.4B | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.7B | $2.3B | ||
| Q3 24 | $4.2B | $2.3B | ||
| Q2 24 | $4.2B | $2.3B | ||
| Q1 24 | $4.1B | $2.3B |
| Q4 25 | $12.7B | $7.0B | ||
| Q3 25 | $12.3B | $6.6B | ||
| Q2 25 | $12.1B | $6.0B | ||
| Q1 25 | $12.1B | — | ||
| Q4 24 | $12.1B | $6.0B | ||
| Q3 24 | $11.1B | $5.7B | ||
| Q2 24 | $11.3B | $5.6B | ||
| Q1 24 | $11.2B | $5.7B |
| 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 | $5.6M |
| Free Cash FlowOCF − Capex | $516.0M | $-81.6M |
| FCF MarginFCF / Revenue | 14.8% | -2.9% |
| Capex IntensityCapex / Revenue | 3.9% | 3.1% |
| Cash ConversionOCF / Net Profit | 4.09× | 0.02× |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | $-92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $650.0M | $5.6M | ||
| Q3 25 | $118.0M | $96.5M | ||
| Q2 25 | $823.0M | $220.0M | ||
| Q1 25 | $-395.0M | — | ||
| Q4 24 | $391.0M | $-56.8M | ||
| Q3 24 | $213.0M | $199.5M | ||
| Q2 24 | $-9.0M | $159.3M | ||
| Q1 24 | $-202.0M | $1.1B |
| Q4 25 | $516.0M | $-81.6M | ||
| Q3 25 | $13.0M | $19.6M | ||
| Q2 25 | $727.0M | $141.0M | ||
| Q1 25 | $-462.0M | — | ||
| Q4 24 | $277.0M | $-171.1M | ||
| Q3 24 | $125.0M | $104.3M | ||
| Q2 24 | $-99.0M | $68.3M | ||
| Q1 24 | $-277.0M | $994.0M |
| Q4 25 | 14.8% | -2.9% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 23.6% | 4.9% | ||
| Q1 25 | -16.9% | — | ||
| Q4 24 | 9.2% | -6.8% | ||
| Q3 24 | 4.5% | 4.1% | ||
| Q2 24 | -3.3% | 2.5% | ||
| Q1 24 | -9.9% | 28.0% |
| Q4 25 | 3.9% | 3.1% | ||
| Q3 25 | 3.3% | 2.8% | ||
| Q2 25 | 3.1% | 2.8% | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 3.8% | 4.5% | ||
| Q3 24 | 3.2% | 3.7% | ||
| Q2 24 | 3.0% | 3.3% | ||
| Q1 24 | 2.7% | 3.5% |
| Q4 25 | 4.09× | 0.02× | ||
| Q3 25 | 0.81× | 0.37× | ||
| Q2 25 | 5.41× | 0.72× | ||
| Q1 25 | -2.65× | — | ||
| Q4 24 | 3.18× | -0.23× | ||
| Q3 24 | 2.11× | 0.79× | ||
| Q2 24 | -0.05× | 0.51× | ||
| Q1 24 | -1.32× | 2.84× |
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% |
ULTA
Segment breakdown not available.
