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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.
Huntington Ingalls Industries is the larger business by last-quarter revenue ($3.5B vs $2.6B, roughly 1.3× Vertiv Holdings Co). Vertiv Holdings Co runs the higher net margin — 14.7% vs 4.6%, a 10.1% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 15.7%). Vertiv Holdings Co produced more free cash flow last quarter ($652.8M vs $516.0M). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% 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.
Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.
HII vs VRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $2.6B |
| Net Profit | $159.0M | $390.1M |
| Gross Margin | — | 37.7% |
| Operating Margin | 4.9% | — |
| Net Margin | 4.6% | 14.7% |
| Revenue YoY | 15.7% | 30.1% |
| Net Profit YoY | 29.3% | 137.1% |
| EPS (diluted) | $4.06 | $0.99 |
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 | — | $2.6B | ||
| Q4 25 | $3.5B | $2.9B | ||
| Q3 25 | $3.2B | $2.7B | ||
| Q2 25 | $3.1B | $2.6B | ||
| Q1 25 | $2.7B | $2.0B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $2.7B | $2.1B | ||
| Q2 24 | $3.0B | $2.0B |
| Q1 26 | — | $390.1M | ||
| Q4 25 | $159.0M | $445.6M | ||
| Q3 25 | $145.0M | $398.5M | ||
| Q2 25 | $152.0M | $324.2M | ||
| Q1 25 | $149.0M | $164.5M | ||
| Q4 24 | $123.0M | $147.0M | ||
| Q3 24 | $101.0M | $176.6M | ||
| Q2 24 | $173.0M | $178.1M |
| Q1 26 | — | 37.7% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 37.8% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 37.1% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 38.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 20.1% | ||
| Q3 25 | 5.0% | 19.3% | ||
| Q2 25 | 5.3% | 16.8% | ||
| Q1 25 | 5.9% | 14.3% | ||
| Q4 24 | 3.7% | 19.5% | ||
| Q3 24 | 3.0% | 17.9% | ||
| Q2 24 | 6.3% | 17.2% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | 4.6% | 15.5% | ||
| Q3 25 | 4.5% | 14.9% | ||
| Q2 25 | 4.9% | 12.3% | ||
| Q1 25 | 5.4% | 8.1% | ||
| Q4 24 | 4.1% | 6.3% | ||
| Q3 24 | 3.7% | 8.5% | ||
| Q2 24 | 5.8% | 9.1% |
| Q1 26 | — | $0.99 | ||
| Q4 25 | $4.06 | $1.14 | ||
| Q3 25 | $3.68 | $1.02 | ||
| Q2 25 | $3.86 | $0.83 | ||
| Q1 25 | $3.79 | $0.42 | ||
| Q4 24 | $3.15 | $0.38 | ||
| Q3 24 | $2.56 | $0.46 | ||
| Q2 24 | $4.38 | $0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.5B |
| Total DebtLower is stronger | $2.7B | $0 |
| Stockholders' EquityBook value | $5.1B | $4.2B |
| Total Assets | $12.7B | $13.4B |
| Debt / EquityLower = less leverage | 0.53× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.5B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $908.7M | ||
| Q2 24 | — | $579.7M |
| Q1 26 | — | $0 | ||
| Q4 25 | $2.7B | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | $2.7B | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $5.1B | $3.9B | ||
| Q3 25 | $5.0B | $3.5B | ||
| Q2 25 | $4.9B | $3.1B | ||
| Q1 25 | $4.8B | $2.7B | ||
| Q4 24 | $4.7B | $2.4B | ||
| Q3 24 | $4.2B | $1.8B | ||
| Q2 24 | $4.2B | $1.5B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $12.7B | $12.2B | ||
| Q3 25 | $12.3B | $10.8B | ||
| Q2 25 | $12.1B | $10.4B | ||
| Q1 25 | $12.1B | $9.5B | ||
| Q4 24 | $12.1B | $9.1B | ||
| Q3 24 | $11.1B | $8.9B | ||
| Q2 24 | $11.3B | $8.1B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.53× | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | 0.58× | 1.20× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.91× |
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 | — |
| Free Cash FlowOCF − Capex | $516.0M | $652.8M |
| FCF MarginFCF / Revenue | 14.8% | 24.6% |
| Capex IntensityCapex / Revenue | 3.9% | 4.2% |
| Cash ConversionOCF / Net Profit | 4.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | $2.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $650.0M | $978.9M | ||
| Q3 25 | $118.0M | $508.7M | ||
| Q2 25 | $823.0M | $322.9M | ||
| Q1 25 | $-395.0M | $303.3M | ||
| Q4 24 | $391.0M | $425.2M | ||
| Q3 24 | $213.0M | $378.2M | ||
| Q2 24 | $-9.0M | $378.4M |
| Q1 26 | — | $652.8M | ||
| Q4 25 | $516.0M | $885.6M | ||
| Q3 25 | $13.0M | $463.5M | ||
| Q2 25 | $727.0M | $277.9M | ||
| Q1 25 | $-462.0M | $266.8M | ||
| Q4 24 | $277.0M | $364.5M | ||
| Q3 24 | $125.0M | $341.8M | ||
| Q2 24 | $-99.0M | $344.3M |
| Q1 26 | — | 24.6% | ||
| Q4 25 | 14.8% | 30.8% | ||
| Q3 25 | 0.4% | 17.3% | ||
| Q2 25 | 23.6% | 10.5% | ||
| Q1 25 | -16.9% | 13.1% | ||
| Q4 24 | 9.2% | 15.5% | ||
| Q3 24 | 4.5% | 16.5% | ||
| Q2 24 | -3.3% | 17.6% |
| Q1 26 | — | 4.2% | ||
| Q4 25 | 3.9% | 3.2% | ||
| Q3 25 | 3.3% | 1.7% | ||
| Q2 25 | 3.1% | 1.7% | ||
| Q1 25 | 2.5% | 1.8% | ||
| Q4 24 | 3.8% | 2.6% | ||
| Q3 24 | 3.2% | 1.8% | ||
| Q2 24 | 3.0% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.09× | 2.20× | ||
| Q3 25 | 0.81× | 1.28× | ||
| Q2 25 | 5.41× | 1.00× | ||
| Q1 25 | -2.65× | 1.84× | ||
| Q4 24 | 3.18× | 2.89× | ||
| Q3 24 | 2.11× | 2.14× | ||
| Q2 24 | -0.05× | 2.12× |
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% |
VRT
Segment breakdown not available.
