Huntington Ingalls Industries, Inc.

HII · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Valuation
Market cap	$13,345	$7,394	$10,314	$9,205	$7,481	$6,830	$10,051	$7,624	$9,442	$7,379	$5,082	$5,488	$4,473	$2,141	$1,526	–
Enterprise value	$15,717	$9,971	$12,557	$11,889	$10,346	$8,161	$11,426	$8,667	$10,020	$7,937	$5,461	$6,198	$5,209	$2,914	$2,470	–
P/E (TTM) at period end	22.06×	13.44×	15.15×	15.90×	13.75×	9.81×	18.31×	9.12×	19.71×	12.88×	12.58×	16.24×	17.14×	14.66×	–	–
P/S (TTM) at period end	1.07×	0.64×	0.90×	0.86×	0.79×	0.73×	1.13×	0.93×	1.27×	1.04×	0.72×	0.79×	0.66×	0.32×	0.23×	–
P/B at period end	2.63×	1.58×	2.52×	2.64×	2.66×	3.59×	6.33×	5.03×	5.37×	4.46×	3.41×	4.02×	2.94×	3.21×	1.78×	–
EV / EBITDA (TTM)	17.82×	13.26×	12.56×	15.18×	14.37×	8.24×	12.47×	7.75×	9.58×	7.64×	5.92×	7.55×	7.26×	5.57×	9.36×	–
EV / Sales (TTM)	1.26×	0.86×	1.10×	1.11×	1.09×	0.87×	1.28×	1.06×	1.35×	1.12×	0.78×	0.89×	0.76×	0.43×	0.38×	–
Returns
Return on equity	11.9%	11.8%	16.6%	16.6%	19.4%	36.6%	34.6%	55.1%	27.2%	34.7%	27.1%	24.8%	17.2%	21.9%	(11.6%)	9.3%
Return on invested capital	6.9%	6.3%	9.8%	7.4%	7.9%	21.2%	20.0%	32.0%	23.4%	29.0%	26.3%	21.0%	15.0%	15.1%	5.5%	7.1%
Dividend yield	1.6%	2.8%	1.9%	2.1%	2.5%	2.5%	1.5%	1.7%	1.2%	1.3%	1.6%	0.9%	0.6%	0.2%	93.6%	–
Financial health
Current ratio	1.13×	1.08×	0.95×	0.95×	1.15×	1.10×	0.94×	0.95×	1.58×	1.59×	1.79×	1.84×	1.92×	1.79×	1.65×	0.59×
Debt / equity	0.53×	0.69×	0.60×	0.83×	1.17×	0.89×	0.81×	0.85×	0.73×	0.77×	0.85×	1.22×	1.17×	2.74×	2.16×	0.07×
Effective tax rate	22.1%	14.5%	20.2%	19.5%	12.5%	14.1%	19.6%	13.9%	38.0%	26.9%	36.1%	33.3%	33.8%	39.4%	(2400.0%)	34.2%
Share count
Diluted shares outstanding	39	39	40	40	40	41	41	44	46	47	48	49	50	50	49	49

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Revenue and gross profit
Revenue	$13,185	$12,484	$11,535	$11,454	$10,676	$9,524	$9,361	$8,899	$8,176	$7,441	$7,068	$7,020	$6,957	$6,820	$6,708	$6,575	$6,723
Cost of revenue	($11,529)	($10,899)	($10,085)	($9,808)	($9,236)	($8,156)	($7,691)	($7,368)	($6,385)	($4,444)	($4,380)	($4,319)	($4,489)	($4,695)	($4,827)	($4,794)	($5,042)
Gross profit	$1,656	$1,585	$1,450	$1,646	$1,440	$1,368	$1,670	$1,531	$1,791	$2,997	$2,688	$2,701	$2,468	$2,125	$1,881	$1,781	$1,681
Operating expenses
Research and development	–	($26)	($27)	($35)	($40)	($34)	($31)	($23)	($25)	($17)	($19)	($19)	($18)	($22)	($21)	($24)	($23)
Selling, general and administrative	($990)	($977)	($973)	($1,022)	($924)	($898)	($904)	($788)	($871)	($759)	($768)	($669)	($726)	($739)	($739)	($634)	($670)
Total operating expenses	($958)	($928)	($915)	($865)	($875)	($855)	($871)	($795)	($840)	($2,116)	($1,812)	($1,932)	($1,813)	($1,613)	($1,523)	($1,681)	($1,440)
Total costs and expenses	($12,487)	($11,827)	($11,000)	($10,673)	($10,111)	($9,011)	($8,562)	($8,163)	($7,225)	($6,560)	($6,192)	($6,251)	($6,302)	($6,308)	($6,350)	($6,475)	($6,482)
Operating income	$698	$657	$535	$781	$565	$513	$799	$736	$951	$881	$876	$769	$655	$512	$358	$100	$241
Earnings
EBITDA	$925	$882	$752	$1,000	$783	$720	$990	$916	$1,118	$1,046	$1,039	$923	$821	$718	$523	$264	$424
Interest income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($98)	($105)	($95)	($95)	($102)	($89)	($114)	($70)	($58)	($94)	($74)	($137)	($149)	($118)	($117)	($104)	($40)
Pre-tax income	$844	$777	$643	$853	$719	$622	$810	$683	$971	$772	$784	$632	$507	$394	$241	($4)	$199
Income tax expense	($183)	($172)	($93)	($172)	($140)	($78)	($114)	($134)	($135)	($293)	($211)	($228)	($169)	($133)	($95)	($96)	($68)
Net income	$661	$605	$550	$681	$579	$544	$696	$549	$836	$479	$573	$404	$338	$261	$146	($100)	$131
Per share
Diluted EPS (GAAP)	$16.78	$15.39	$13.96	$17.07	$14.44	$13.50	$17.14	$13.26	$19.09	$10.46	$12.14	$8.36	$6.86	$5.18	$2.91	($2.05)	$2.68
Basic EPS (GAAP)	$16.80	$15.39	$13.96	$17.07	$14.44	$13.50	$17.14	$13.26	$19.09	$10.48	$12.24	$8.43	$6.93	$5.25	$2.96	($2.05)	$2.68
Basic shares outstanding	39	39	39	40	40	40	41	41	44	46	47	48	49	50	49	49	49
Margins
Gross margin	12.6%	12.7%	12.6%	14.4%	13.5%	14.4%	17.8%	17.2%	21.9%	40.3%	38.0%	38.5%	35.5%	31.2%	28.0%	27.1%	25.0%
Operating margin	5.3%	5.3%	4.6%	6.8%	5.3%	5.4%	8.5%	8.3%	11.6%	11.8%	12.4%	11.0%	9.4%	7.5%	5.3%	1.5%	3.6%
Net margin	5.0%	4.8%	4.8%	5.9%	5.4%	5.7%	7.4%	6.2%	10.2%	6.4%	8.1%	5.8%	4.9%	3.8%	2.2%	(1.5%)	1.9%

Analyst consensus

Hold27 analysts

Bearish · 1 · Hold · 15 · Bullish · 11

Earnings history

	EPS	Estimate
Q3 2024	$2.56	$3.86	Miss
Q4 2024	$3.15	$3.28	Miss
Q1 2025	$3.79	$2.90	Beat
Q2 2025	$3.86	$3.23	Beat
Q3 2025	$3.68	$3.30	Beat
Q4 2025	$4.04	$3.72	Beat
Q1 2026	$3.79	$3.70	Beat
Q2 2026	$5.27	$3.79	Beat

Peers

Company overview

IPO dateMar 22, 2011

CEOChristopher Douglas Kastner

Employees45,000

SectorIndustrials

IndustryAerospace & Defense

CountryUS

ExchangeNew York Stock Exchange

Websitewww.hii.com

Huntington Ingalls Industries, Inc. (HII) stands as a prominent American enterprise specializing in the comprehensive lifecycle management of military vessels, encompassing their design, construction, modernization, and maintenance. The company's diverse operations are segmented into three core divisions: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. HII is a primary builder of non-nuclear ships, delivering amphibious assault ships, expeditionary warfare vessels, surface combatants, and national security cutters to both the U.S. Navy and U.S. Coast Guard. Furthermore, it plays a critical role in providing nuclear-powered ships, including aircraft carriers and submarines, along with essential associated services such as refueling, extensive overhauls, and inactivation procedures. Beyond direct shipbuilding, Huntington Ingalls Industries offers specialized naval nuclear support services, covering the full spectrum from design and construction to maintenance and disposal for active U.S. Navy nuclear fleets, in addition to maintaining nuclear reactor prototypes. Its broader technical and support portfolio includes life-cycle sustainment services for the U.S. Navy fleet and other maritime clients; sophisticated information technology and mission-specific solutions for defense, intelligence, and federal civilian agencies; nuclear facility management, operational support, and environmental remediation services for various government bodies and private sector entities; comprehensive defense and federal solutions; and the development of cutting-edge unmanned systems. Established in 1886, Huntington Ingalls Industries, Inc. is headquartered in Newport News, Virginia.

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