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. In the quarter to June 2026, revenue grew 10.9%, EPS grew 36.5%, free cash flow fell 120.7% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten.
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Huntington Ingalls Industries, Inc. (HII) Altman Z-score
Huntington Ingalls Industries, Inc.'s Altman Z-score for fiscal 2025 is 2.85, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.85 | 0.53 |
| FY2024 | 2.32 | (0.39) |
| FY2023 | 2.71 | 0.25 |
| FY2022 | 2.46 | 0.26 |
| FY2021 | 2.20 | (0.59) |
| FY2020 | 2.79 | (0.56) |
| FY2019 | 3.35 | (0.02) |
| FY2018 | 3.37 | (0.19) |
| FY2017 | 3.55 | 0.44 |
| FY2016 | 3.11 | 0.32 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.03 | — | 0.04 | |
| Retained earnings / total assets | 0.43 | — | 0.60 | |
| EBIT / total assets | 0.06 | — | 0.18 | |
| Market value of equity / total liabilities | 1.74 | — | 1.04 | |
| Sales / total assets | 0.98 | — | 0.98 | |
| Altman Z-score | Grey zone | 2.85 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 2.68 | ||
Z and Z″ put Huntington Ingalls Industries, Inc. in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| KTOS Kratos Defense & Security Solutions, Inc. compare | 16.4× |
| BWXT BWX Technologies, Inc. compare | 5.3× |
| AVAV AeroVironment, Inc. compare | 4.8× |
| MOG.A Moog Inc. compare | 4.0× |
| DRS Leonardo DRS, Inc. compare | 3.7× |
| HII Huntington Ingalls Industries, Inc. | 2.8× |
| SARO StandardAero, Inc. compare | 2.7× |
| TXT Textron Inc. compare | 2.6× |
| EMBJ Embraer-Empresa Brasileira de Aeronautica compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on HII
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement