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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
Huntington Ingalls Industries is the larger business by last-quarter revenue ($3.5B vs $2.4B, roughly 1.4× Workday, Inc.). Workday, Inc. runs the higher net margin — 10.4% vs 4.6%, a 5.8% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (15.7% vs 12.6%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $516.0M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% 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.
Workday, Inc. is a leading global enterprise cloud software provider that develops and distributes human capital management, financial management, and enterprise resource planning solutions. It caters primarily to mid-sized and large organizations across sectors including education, healthcare, finance, and technology, with operations spanning North America, Europe, and Asia Pacific.
HII vs WDAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.5B | $2.4B |
| Net Profit | $159.0M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 10.6% |
| Net Margin | 4.6% | 10.4% |
| Revenue YoY | 15.7% | 12.6% |
| Net Profit YoY | 29.3% | 30.6% |
| EPS (diluted) | $4.06 | $0.94 |
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 | $2.4B | ||
| Q3 25 | $3.2B | $2.3B | ||
| Q2 25 | $3.1B | $2.2B | ||
| Q1 25 | $2.7B | $2.2B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $2.7B | $2.1B | ||
| Q2 24 | $3.0B | $2.0B | ||
| Q1 24 | $2.8B | $1.9B |
| Q4 25 | $159.0M | $252.0M | ||
| Q3 25 | $145.0M | $228.0M | ||
| Q2 25 | $152.0M | $68.0M | ||
| Q1 25 | $149.0M | $94.0M | ||
| Q4 24 | $123.0M | $193.0M | ||
| Q3 24 | $101.0M | $132.0M | ||
| Q2 24 | $173.0M | $107.0M | ||
| Q1 24 | $153.0M | $1.2B |
| Q4 25 | 4.9% | 10.6% | ||
| Q3 25 | 5.0% | 10.6% | ||
| Q2 25 | 5.3% | 1.7% | ||
| Q1 25 | 5.9% | 3.4% | ||
| Q4 24 | 3.7% | 7.6% | ||
| Q3 24 | 3.0% | 5.3% | ||
| Q2 24 | 6.3% | 3.2% | ||
| Q1 24 | 5.5% | 4.1% |
| Q4 25 | 4.6% | 10.4% | ||
| Q3 25 | 4.5% | 9.7% | ||
| Q2 25 | 4.9% | 3.0% | ||
| Q1 25 | 5.4% | 4.3% | ||
| Q4 24 | 4.1% | 8.9% | ||
| Q3 24 | 3.7% | 6.3% | ||
| Q2 24 | 5.8% | 5.4% | ||
| Q1 24 | 5.5% | 61.8% |
| Q4 25 | $4.06 | $0.94 | ||
| Q3 25 | $3.68 | $0.84 | ||
| Q2 25 | $3.86 | $0.25 | ||
| Q1 25 | $3.79 | $0.34 | ||
| Q4 24 | $3.15 | $0.72 | ||
| Q3 24 | $2.56 | $0.49 | ||
| Q2 24 | $4.38 | $0.40 | ||
| Q1 24 | $3.87 | $4.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $6.8B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $5.1B | $8.9B |
| Total Assets | $12.7B | $17.8B |
| Debt / EquityLower = less leverage | 0.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | — | $8.0B | ||
| Q1 25 | — | $8.0B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.2B | ||
| Q1 24 | $10.0M | $7.8B |
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $5.1B | $8.9B | ||
| Q3 25 | $5.0B | $9.2B | ||
| Q2 25 | $4.9B | $8.9B | ||
| Q1 25 | $4.8B | $9.0B | ||
| Q4 24 | $4.7B | $8.6B | ||
| Q3 24 | $4.2B | $8.3B | ||
| Q2 24 | $4.2B | $8.2B | ||
| Q1 24 | $4.1B | $8.1B |
| Q4 25 | $12.7B | $17.8B | ||
| Q3 25 | $12.3B | $18.0B | ||
| Q2 25 | $12.1B | $17.2B | ||
| Q1 25 | $12.1B | $18.0B | ||
| Q4 24 | $12.1B | $16.4B | ||
| Q3 24 | $11.1B | $16.2B | ||
| Q2 24 | $11.3B | $15.9B | ||
| Q1 24 | $11.2B | $16.5B |
| Q4 25 | 0.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.37× |
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 | $588.0M |
| Free Cash FlowOCF − Capex | $516.0M | $550.0M |
| FCF MarginFCF / Revenue | 14.8% | 22.6% |
| Capex IntensityCapex / Revenue | 3.9% | 1.6% |
| Cash ConversionOCF / Net Profit | 4.09× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $794.0M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $650.0M | $588.0M | ||
| Q3 25 | $118.0M | $616.0M | ||
| Q2 25 | $823.0M | $457.0M | ||
| Q1 25 | $-395.0M | $1.1B | ||
| Q4 24 | $391.0M | $406.0M | ||
| Q3 24 | $213.0M | $571.0M | ||
| Q2 24 | $-9.0M | $372.0M | ||
| Q1 24 | $-202.0M | $995.6M |
| Q4 25 | $516.0M | $550.0M | ||
| Q3 25 | $13.0M | $588.0M | ||
| Q2 25 | $727.0M | $421.0M | ||
| Q1 25 | $-462.0M | $1.0B | ||
| Q4 24 | $277.0M | $359.0M | ||
| Q3 24 | $125.0M | $516.0M | ||
| Q2 24 | $-99.0M | $291.0M | ||
| Q1 24 | $-277.0M | $947.6M |
| Q4 25 | 14.8% | 22.6% | ||
| Q3 25 | 0.4% | 25.0% | ||
| Q2 25 | 23.6% | 18.8% | ||
| Q1 25 | -16.9% | 46.4% | ||
| Q4 24 | 9.2% | 16.6% | ||
| Q3 24 | 4.5% | 24.7% | ||
| Q2 24 | -3.3% | 14.6% | ||
| Q1 24 | -9.9% | 49.3% |
| Q4 25 | 3.9% | 1.6% | ||
| Q3 25 | 3.3% | 1.2% | ||
| Q2 25 | 3.1% | 1.6% | ||
| Q1 25 | 2.5% | 3.9% | ||
| Q4 24 | 3.8% | 2.2% | ||
| Q3 24 | 3.2% | 2.6% | ||
| Q2 24 | 3.0% | 4.1% | ||
| Q1 24 | 2.7% | 2.5% |
| Q4 25 | 4.09× | 2.33× | ||
| Q3 25 | 0.81× | 2.70× | ||
| Q2 25 | 5.41× | 6.72× | ||
| Q1 25 | -2.65× | 11.83× | ||
| Q4 24 | 3.18× | 2.10× | ||
| Q3 24 | 2.11× | 4.33× | ||
| Q2 24 | -0.05× | 3.48× | ||
| Q1 24 | -1.32× | 0.84× |
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% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
