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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and Viatris (VTRS). Click either name above to swap in a different company.

Viatris is the larger business by last-quarter revenue ($3.7B vs $3.5B, roughly 1.1× Huntington Ingalls Industries). On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (15.7% vs 5.0%). Viatris produced more free cash flow last quarter ($619.3M vs $516.0M). Over the past eight quarters, Huntington Ingalls Industries's revenue compounded faster (11.3% CAGR vs 0.5%).

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.

Viatris Inc. is an American global pharmaceutical and healthcare corporation headquartered in Canonsburg, Pennsylvania. The corporation was formed through the merger of Mylan and Upjohn, a legacy division of Pfizer, on November 16, 2020.

HII vs VTRS — Head-to-Head

Bigger by revenue
VTRS
VTRS
1.1× larger
VTRS
$3.7B
$3.5B
HII
Growing faster (revenue YoY)
HII
HII
+10.7% gap
HII
15.7%
5.0%
VTRS
More free cash flow
VTRS
VTRS
$103.3M more FCF
VTRS
$619.3M
$516.0M
HII
Faster 2-yr revenue CAGR
HII
HII
Annualised
HII
11.3%
0.5%
VTRS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HII
HII
VTRS
VTRS
Revenue
$3.5B
$3.7B
Net Profit
$159.0M
Gross Margin
31.1%
Operating Margin
4.9%
-5.2%
Net Margin
4.6%
Revenue YoY
15.7%
5.0%
Net Profit YoY
29.3%
EPS (diluted)
$4.06
$-0.34

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.

Revenue
HII
HII
VTRS
VTRS
Q4 25
$3.5B
$3.7B
Q3 25
$3.2B
$3.7B
Q2 25
$3.1B
$3.6B
Q1 25
$2.7B
$3.2B
Q4 24
$3.0B
$3.5B
Q3 24
$2.7B
$3.7B
Q2 24
$3.0B
$3.8B
Q1 24
$2.8B
$3.7B
Net Profit
HII
HII
VTRS
VTRS
Q4 25
$159.0M
Q3 25
$145.0M
Q2 25
$152.0M
Q1 25
$149.0M
Q4 24
$123.0M
Q3 24
$101.0M
Q2 24
$173.0M
Q1 24
$153.0M
Gross Margin
HII
HII
VTRS
VTRS
Q4 25
31.1%
Q3 25
36.6%
Q2 25
37.3%
Q1 25
35.8%
Q4 24
34.6%
Q3 24
39.0%
Q2 24
38.2%
Q1 24
41.2%
Operating Margin
HII
HII
VTRS
VTRS
Q4 25
4.9%
-5.2%
Q3 25
5.0%
4.8%
Q2 25
5.3%
6.5%
Q1 25
5.9%
-88.9%
Q4 24
3.7%
-5.1%
Q3 24
3.0%
6.0%
Q2 24
6.3%
-6.3%
Q1 24
5.5%
5.6%
Net Margin
HII
HII
VTRS
VTRS
Q4 25
4.6%
Q3 25
4.5%
Q2 25
4.9%
Q1 25
5.4%
Q4 24
4.1%
Q3 24
3.7%
Q2 24
5.8%
Q1 24
5.5%
EPS (diluted)
HII
HII
VTRS
VTRS
Q4 25
$4.06
$-0.34
Q3 25
$3.68
$-0.11
Q2 25
$3.86
$0.00
Q1 25
$3.79
$-2.55
Q4 24
$3.15
$-0.43
Q3 24
$2.56
$0.08
Q2 24
$4.38
$-0.27
Q1 24
$3.87
$0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HII
HII
VTRS
VTRS
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$5.1B
$14.7B
Total Assets
$12.7B
$37.2B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HII
HII
VTRS
VTRS
Q4 25
$1.3B
Q3 25
$975.3M
Q2 25
$566.4M
Q1 25
$755.0M
Q4 24
$734.8M
Q3 24
$1.9B
Q2 24
$917.2M
Q1 24
$10.0M
$1.0B
Total Debt
HII
HII
VTRS
VTRS
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.7B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HII
HII
VTRS
VTRS
Q4 25
$5.1B
$14.7B
Q3 25
$5.0B
$15.2B
Q2 25
$4.9B
$15.6B
Q1 25
$4.8B
$15.7B
Q4 24
$4.7B
$18.6B
Q3 24
$4.2B
$19.8B
Q2 24
$4.2B
$19.5B
Q1 24
$4.1B
$20.0B
Total Assets
HII
HII
VTRS
VTRS
Q4 25
$12.7B
$37.2B
Q3 25
$12.3B
$37.9B
Q2 25
$12.1B
$38.4B
Q1 25
$12.1B
$38.5B
Q4 24
$12.1B
$41.5B
Q3 24
$11.1B
$44.8B
Q2 24
$11.3B
$45.3B
Q1 24
$11.2B
$47.3B
Debt / Equity
HII
HII
VTRS
VTRS
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
HII
HII
VTRS
VTRS
Operating Cash FlowLast quarter
$650.0M
$815.8M
Free Cash FlowOCF − Capex
$516.0M
$619.3M
FCF MarginFCF / Revenue
14.8%
16.8%
Capex IntensityCapex / Revenue
3.9%
5.3%
Cash ConversionOCF / Net Profit
4.09×
TTM Free Cash FlowTrailing 4 quarters
$794.0M
$1.9B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HII
HII
VTRS
VTRS
Q4 25
$650.0M
$815.8M
Q3 25
$118.0M
$744.9M
Q2 25
$823.0M
$219.7M
Q1 25
$-395.0M
$535.5M
Q4 24
$391.0M
$482.7M
Q3 24
$213.0M
$826.5M
Q2 24
$-9.0M
$379.1M
Q1 24
$-202.0M
$614.6M
Free Cash Flow
HII
HII
VTRS
VTRS
Q4 25
$516.0M
$619.3M
Q3 25
$13.0M
$658.1M
Q2 25
$727.0M
$166.8M
Q1 25
$-462.0M
$492.9M
Q4 24
$277.0M
$342.3M
Q3 24
$125.0M
$749.5M
Q2 24
$-99.0M
$320.3M
Q1 24
$-277.0M
$564.8M
FCF Margin
HII
HII
VTRS
VTRS
Q4 25
14.8%
16.8%
Q3 25
0.4%
17.6%
Q2 25
23.6%
4.7%
Q1 25
-16.9%
15.2%
Q4 24
9.2%
9.7%
Q3 24
4.5%
20.1%
Q2 24
-3.3%
8.5%
Q1 24
-9.9%
15.5%
Capex Intensity
HII
HII
VTRS
VTRS
Q4 25
3.9%
5.3%
Q3 25
3.3%
2.3%
Q2 25
3.1%
1.5%
Q1 25
2.5%
1.3%
Q4 24
3.8%
4.0%
Q3 24
3.2%
2.1%
Q2 24
3.0%
1.6%
Q1 24
2.7%
1.4%
Cash Conversion
HII
HII
VTRS
VTRS
Q4 25
4.09×
Q3 25
0.81×
Q2 25
5.41×
Q1 25
-2.65×
Q4 24
3.18×
Q3 24
2.11×
Q2 24
-0.05×
Q1 24
-1.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HII
HII

Aircraftcarriers$984.0M28%
Fixedpriceincentive$758.0M22%
Submarines$744.0M21%
Surfacecombatantsandcoastguardcutters$452.0M13%
Amphibiousassaultships$433.0M12%
Costtype$123.0M4%
Otherprograms$4.0M0%

VTRS
VTRS

Brands$1.2B32%
Generics$1.1B29%
Lipitor$377.3M10%
Norvasc$175.2M5%
Other$136.6M4%
Lyrica$119.8M3%
Viagra$104.2M3%
Creon$98.9M3%
Epi Pen Auto Injectors$79.0M2%
Yupelri$70.6M2%
Effexor$68.1M2%
Zoloft$66.8M2%
Celebrex$66.2M2%
Xalabrands$42.0M1%
Dymista$38.6M1%

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