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Huntington Ingalls Industries, Inc.

HII Industrials Aerospace & Defense

Huntington Ingalls Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $12.5 billion, up 8.23% from fiscal 2024.

Revenue
+10.8%
EPS
+48.9%
Free cash flow
+3,169.2%
Total debt
+0.22%

Quarter to September 2026, against a year earlier

289.71 14.28 −4.70%
Market cap
$11.4B
P/E
15.6×
Fwd P/E
16.6×
Dividend yield
1.91%
F-score
9/9
Altman Z
2.85
Beneish M
−2.25
Dividend safety
85/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Newport News
  • Ingalls
  • Mission Technologies

Every year since 2010 →

Insider Decisions last twelve months

Sold, $m 10.14
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 3 — 1 — — 2 — — —
Insider Ownership 1.01%

Capital & Financial Ratios $m

Size
Market Cap 11,400.00
Revenue ttm 13,530.00
Net income ttm 733.00
Free cash flow ttm 327.00
Net debt Q 2,317.00
Valuation
P/E 15.57
Forward P/E 16.60
Price / sales 0.85
Forward P/S Powerpack
Price / FCF 35.00
Price / book 2.08
Financial health
Current ratio Q 1.26
Debt / equity Q 0.49 (at or below 0.5: strong)
Interest coverage Q 10.46
Growth
Revenue growth Q +10.81% (above 0%: growing)
Operating income growth Q +52.80% (above 0%: growing)
EPS, this year +28.06% (at or above 15%: strong)
EPS, next year A +3.52%
Revenue, next year A +8.01%
EPS, past 5 yrs −2.13% (below 0%: weak)
EPS, next 5 yrs A +15.83% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.0×, against a ten-year median of 1.1×; over the ten years it ranged from 0.8× in 2025 to 1.7× in 2018.
P/E against its own 10 years 48.29%
10-year low 10-year high
P/S against its own 10 years 30.40%
10-year low 10-year high
P/B against its own 10 years 8.14%
10-year low 10-year high
EV/Sales against its own 10 years 21.34%
10-year low 10-year high
EV/FCF against its own 10 years 88.66%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.91%
Annual rate
5.52
Payout ratio
29.7%
Growth, 2017–25
+10.1%/yr
  1. 2.52 ’17
  2. 3.02 ’18 +20
  3. 3.61 ’19 +20
  4. 4.23 ’20 +17
  5. 4.60 ’21 +9
  6. 4.78 ’22 +4
  7. 5.02 ’23 +5
  8. 5.25 ’24 +5
  9. 5.43 ’25 +3
  10. 5.58 ’26e +3
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 430 831 774 387
Receivables 644 416 623 611
Inventory 186 208 219 240
Other 1,537 1,683 1,758 2,125
2,880 3,228 3,451 3,463
2023 2024 2025 Q'26
Payables 554 598 556 709
ST’ Debt 231 503 — —
Other 1,865 1,498 2,046 1,626
3,032 2,991 3,045 2,738

Compound Annual Growth %

10y 5y 3y
Sales 5.93% 5.93% 5.35%
Cash Flow 3.34% 1.82% 16.01%
Earnings 4.12% (2.76%) 1.47%
Book Value 13.03% 21.69% 13.29%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 4.41 Actual 5.48

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 3.72 4.04 Beat by 0.32
Q1 FY26 3.70 3.79 Beat by 0.09
Q2 FY26 3.80 5.27 Beat by 1.47
Q3 FY26 4.41 5.48 Beat by 1.07
Q4 FY26 5.22 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.79 5.27 5.48 — —
’25 3.79 3.86 3.68 4.04 15.39
’24 3.87 4.38 2.56 3.15 13.96
’23 3.23 3.27 3.70 6.90 17.07
’22 3.50 4.44 3.44 3.07 14.44
’21 3.68 3.20 3.65 2.99 13.50
’20 4.23 1.30 5.45 6.15 17.14
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 3,099 3,418 3,537 — —
’25 2,734 3,082 3,192 3,476 12,484
’24 2,805 2,977 2,749 3,004 11,535
’23 2,674 2,787 2,816 3,177 11,454
’22 2,576 2,662 2,626 2,812 10,676
’21 2,278 2,231 2,338 2,677 9,524
’20 2,263 2,027 2,314 2,757 9,361
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (390) (31) 520 — —
’25 (395) 823 118 650 1,196
’24 (202) (9) 213 391 393
’23 (9) 82 335 562 970
’22 (83) 267 (19) 601 766
’21 43 96 350 271 760
’20 68 201 222 602 1,093
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (464) (150) 425 — —
’25 (461) 726 13 516 794
’24 (277) (99) 125 277 26
’23 (52) 14 282 434 678
’22 (126) 208 (96) 496 482
’21 (17) 22 268 156 429
’20 (3) 122 152 469 740
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 18.1% a year for ten years. It grew −4.9% a year over the last ten.

Implied
18.1%
10 years, reported
−4.9%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 7,068 7,441 8,176 8,899 9,361 9,524 10,676 11,454 11,535 12,484 13,530 +6.5% 13,484 14,325 15,278 +7.0%
Gross margin, % 22.96 21.88 21.91 17.20 17.84 14.36 13.49 14.37 12.57 12.70 12.72 (10.3) pt
EBT 784 772 971 683 810 622 719 853 643 777 915 (0.1%)
EBT margin, % 11.09 10.37 11.88 7.68 8.65 6.53 6.73 7.45 5.57 6.22 6.76 (4.9) pt
Net income 573 479 836 549 696 544 579 681 550 605 733 +0.6%
Per share, $
Per share, $ Revenue 151.03 162.82 186.67 214.95 230.57 236.33 266.23 287.07 292.77 317.66 342.53 +8.6%
Earnings 12.24 10.48 19.09 13.26 17.14 13.50 14.44 17.07 13.96 15.39 18.60 +2.6%
Cash flow 17.56 17.81 20.87 21.64 26.92 18.86 19.10 24.31 9.97 30.43 18.96 +6.3%
Capex (6.00) (8.16) (10.27) (12.80) (8.69) (8.21) (7.08) (7.32) (9.31) (10.23) (10.68) +6.1%
Free cash flow 11.56 9.65 10.59 8.84 18.23 10.65 12.02 16.99 0.66 20.20 8.28 +6.4%
Book value 35.32 38.47 34.61 38.36 46.82 69.68 87.01 102.58 118.43 129.08 139.04 +15.5%
Shares, m 47 46 44 41 41 40 40 40 39 39 39 (1.9%)
Valuation, ×
Valuation, × P/E 15.50 21.76 9.95 18.91 9.94 13.81 15.80 15.21 13.54 22.10 15.57 15.7
P/S 1.25 1.40 1.02 1.17 0.74 0.79 0.86 0.91 0.65 1.07 0.85 1.0
P/B 5.35 5.93 5.50 6.54 3.64 2.68 2.62 2.54 1.60 2.63 2.08 3.9
EV/Sales 1.38 1.53 1.19 1.31 0.87 1.08 1.09 1.08 0.85 1.23 1.02 1.2
EV/FCF 18.08 25.79 21.02 31.78 10.99 23.89 24.06 18.28 377.59 19.26 42.09 57.1
Cash, $m
Cash, $m Operating cash flow 822 814 914 896 1,093 760 766 970 393 1,196 749 +4.3%
Capex (281) (373) (450) (530) (353) (331) (284) (292) (367) (402) (422) +4.1%
Free cash flow 541 441 464 366 740 429 482 678 26 794 327 +4.4%
Balance, $m
Balance, $m Working capital 799 804 (84) (105) 218 363 (149) (152) 237 406 725 (7.2%)
Net debt 558 578 1,043 1,246 1,212 2,723 2,438 2,015 2,372 1,926 2,317 +14.8%
Shareholders’ equity 1,653 1,758 1,516 1,588 1,901 2,808 3,489 4,093 4,666 5,073 5,492 +13.3%
Returns, %
Returns, % ROA 9.26 7.53 13.11 8.19 9.17 5.79 5.39 6.17 4.71 4.86 5.80 (4.4) pt
ROIC 24.76 23.57 23.23 16.23 16.04 5.80 5.96 7.99 4.75 5.87 6.27 (18.9) pt
ROE 36.46 28.09 51.07 35.37 39.90 23.10 18.39 17.96 12.56 12.42 13.99 (24.0) pt
People
People Employees 37,000 38,000 40,000 42,000 42,000 44,000 43,000 44,000 44,000 44,000 — +1.9%
Revenue/emp, $m 0.19 0.20 0.20 0.21 0.22 0.22 0.25 0.26 0.26 0.28 — +4.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Huntington Ingalls Industries, or HII, designs, builds and maintains naval ships and provides defense technology and services. Its principal customer is the U.S. government, especially the U.S. Navy. The company was founded in 2011, is headquartered in Newport News, Virginia, and is led by President and Chief Executive Officer Christopher D. Kastner.

HII has two shipbuilding businesses. Ingalls Shipbuilding, in Mississippi, builds non-nuclear vessels such as amphibious assault ships and destroyers. These ships carry Marines and equipment or provide capabilities for naval operations. Ingalls also provides ship repair and maintenance. Newport News Shipbuilding, in Virginia, designs and builds nuclear-powered aircraft carriers and submarines. It also refuels, overhauls, repairs and eventually inactivates aircraft carriers.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Newport News 6,507 52.12%
Ingalls 3,078 24.66%
Mission Technologies 3,044 24.38%
Gross margin 12.70%
Operating margin 5.26%
Pre-tax margin 6.22%

Revenue by segment since 2010

Huntington Ingalls Industries, Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FTAI FTAI Aviation Ltd. $16.6B 32.5× 33.5× +46.56% (above 0%: growing) +32.16% (above 0%: growing) −17.34% (below 0%: shrinking) 36.19% 22.39% Compare
CW Curtiss-Wright Corporation $16.0B 29.0× 30.6× +9.60% (above 0%: growing) +13.47% (above 0%: growing) +2.47% (above 0%: growing) 39.01% 19.73% Compare
TXT Textron Inc. $14.4B 15.4× 15.3× +4.14% (above 0%: growing) +20.34% (above 0%: growing) +18.32% (above 0%: growing) 17.73% 7.57% Compare
EMBJ Embraer-Empresa Brasileira de Aeronautica $13.2B 30.1× — +22.87% (above 0%: growing) +176.74% (above 0%: growing) +287.11% (above 0%: growing) 19.90% 12.79% Compare
HII Huntington Ingalls Industries, Inc. $11.4B 15.6× 16.6× +10.81% (above 0%: growing) +48.88% (above 0%: growing) +3,169.23% (above 0%: growing) 13.57% 7.69%
BWXT BWX Technologies, Inc. $10.5B 28.3× 29.8× +10.01% (above 0%: growing) +23.53% (above 0%: growing) +58.55% (above 0%: growing) 23.84% 16.59% Compare
MOG.A Moog Inc. $9.8B 25.9× 28.3× +15.16% (above 0%: growing) +153.97% (above 0%: growing) +67.52% (above 0%: growing) 31.10% 14.41% Compare
DRS Leonardo DRS, Inc. $8.8B 24.0× 26.7× +11.04% (above 0%: growing) +59.63% (above 0%: growing) −24.68% (below 0%: shrinking) 24.67% 10.88% Compare
SARO StandardAero, Inc. $8.4B 25.4× 19.9× +4.63% (above 0%: growing) +42.86% (above 0%: growing) +263.74% (above 0%: growing) 16.80% 10.53% Compare
Median of peers $11.9B 27.1× 28.3× +10.53% +37.51% +38.44% 24.26% 13.60%

All 94 Aerospace & Defense stocks →

From the latest earnings call

Updated

  • Chris Kastner said approximately 90% of expected shipbuilding revenue through 2030 was under contract, with the company focused on workforce growth and throughput.
  • Tom Stiehle said higher material receipts, wage investments and outsourcing helped lift shipbuilding revenue, while the company raised its full-year revenue outlook for the business.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Bernstein Oct 27, 2026 Target cut Hold 327.00 → 304.00
TD Cowen Oct 27, 2026 Target cut Buy 360.00 → 340.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 87.50%
Held by the ten largest 51.40%
Holder Shares Stake Change
Vanguard 4.97m 12.62% +45.45k
BlackRock 3.38m 8.57% +139.65k
State Street 2.92m 7.42% +227.44k
Fidelity (FMR) 2.60m 6.59% −499.29k
Geode Capital Management 1.26m 3.20% +23.85k
Invesco 1.20m 3.06% +277.12k
First Trust 1.19m 3.01% +355.04k
VanEck 1.03m 2.61% −46.74k
Dimensional Fund Advisors 900.57k 2.29% +134.49k
EARNEST PARTNERS LLC 802.68k 2.04% −11.66k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Huntington Ingalls Industries, Inc. (HII) Latest News

31 Oct

Impact 3 · · StockStory

30 Oct

Impact 3 · · MarketBeat

29 Oct

Impact 4 · · Moby transcript
Impact 4 · · Zacks
Impact 4 · · The Motley Fool
Impact 4 · · StockStory
Impact 4 · · Zacks earnings
Impact 4 · · TIKR
Impact 4 · · GlobeNewswire
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press

28 Oct

Impact 4 · · GlobeNewswire
Impact 3 · · StockStory

27 Oct

Impact 3 · · Barchart
Impact 3 · · Zacks

25 Oct

Impact 4 · · The Telegraph

23 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

22 Oct

Impact 4 · · 24/7 Wall St.
Impact 3 · · Zacks

21 Oct

Impact 4 · · Zacks

20 Oct

Impact 4 · · GlobeNewswire
Impact 3 · · GlobeNewswire

19 Oct

Impact 4 · · GlobeNewswire

16 Oct

Impact 4 · · Zacks
Impact 3 · · GlobeNewswire

14 Oct

Impact 3 · · Barchart

13 Oct

Impact 4 · · GlobeNewswire

HII metrics, ten years each

stockrow.com/HII · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com