True, but remember, Hitler had Ukrainians, Romanians, etc. fighting for him. And he had Vlasov's Army potentially at his disposal had he defeated Russia. Some speculate, out of admiration for Stalin, he would have offered Stalin a chance to keep command of a puppet state, though I certainly doubt he would have accepted it. Over time as Nazi Europe became more consolidate, certainly there would also be French troops fighting for the Nazis.
That still wouldn’t be enough. He regard Slavs as “untermenschen” so I don’t know if he would made use of his biggest source of manpower.
And the navies of Germany, its allies and its conquests, still would not have had parity with the USN. You needed the Japanese and their naval aviation - and they were half the world away!