Huntington Ingalls Industries vs L3Harris
L3Harris reported revenue of $21.9 billion in fiscal 2025, 1.8 times Huntington Ingalls Industries' $12.5 billion in fiscal 2025. Huntington Ingalls Industries' revenue grew 8.2% in its latest year, and L3Harris' grew 2.5%. Huntington Ingalls Industries had an operating margin of 5.3%, against 9.7% at L3Harris. Free cash flow was $794 million at Huntington Ingalls Industries and $2.7 billion at L3Harris. Their fiscal years end in different months (December 31 and January 2), so the periods don't line up exactly.
Side by side
| Huntington Ingalls Industries | L3Harris | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Jan 2, 2026 |
| Revenue | $12.5B | $21.9B |
| Revenue growth | 8.2% | 2.5% |
| Revenue growth a year, last 5 years | 5.9% | 3.7% |
| Gross margin | — | 25.7% |
| Operating margin | 5.3% | 9.7% |
| Net margin | 4.8% | 7.3% |
| Free cash flow | $794M | $2.7B |
| Free cash flow margin | 6.4% | 12.3% |
| Return on capital | 7.3% | 5.8% |
| Net debt to EBITDA | 1.9x | 3.0x |
| Dividends and buybacks | $213M | $2.1B |
| Change in diluted share count | −0.2% | −1.2% |
| Last close | $281.05 | $260.23 |
| P/E at the last close | 16.7× | 26.2× |
| Insider trades, last 12 months | sold $18.8 million | sold $9.7 million |
| Piotroski F-score | 7 of 8 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Huntington Ingalls IndustriesL3Harris
Operating margin
Percent of revenue
Huntington Ingalls IndustriesL3Harris
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Huntington Ingalls IndustriesL3Harris
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Huntington Ingalls Industries and L3Harris pages.