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HII

Huntington Ingalls Industries, Inc.

HII

Huntington Ingalls Industries, Inc. • NYSE
$313.62 ▲ 0.22% (+0.69)
Market Cap $12.31 B
52w High $330.00
52w Low $158.88
Dividend Yield 5.43%
P/E 21.64
Volume 133.14K
Outstanding Shares 39.24M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.192B ▲ $245M ▲ $145M ▼ 4.543% ▼ $3.69 ▼ $307M ▲
Q2-2025 $3.082B ▲ $241M ▲ $152M ▲ 4.932% ▼ $3.86 ▲ $299M ▲
Q1-2025 $2.734B ▼ $233M ▲ $149M ▲ 5.45% ▲ $3.79 ▲ $294M ▲
Q4-2024 $3.004B ▲ $211M ▼ $123M ▲ 4.095% ▲ $3.15 ▲ $242M ▲
Q3-2024 $2.749B $252M $101M 3.674% $2.56 $217M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $312M ▼ $12.309B ▲ $7.325B ▲ $4.984B ▲
Q2-2025 $343M ▲ $12.098B ▼ $7.216B ▼ $4.882B ▲
Q1-2025 $167M ▼ $12.103B ▼ $7.33B ▼ $4.773B ▲
Q4-2024 $831M ▲ $12.141B ▲ $7.475B ▲ $4.666B ▲
Q3-2024 $10M $11.082B $6.879B $4.203B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $145M ▼ $118M ▼ $-96M ▼ $-53M ▲ $-31M ▼ $281M ▼
Q2-2025 $152M ▲ $823M ▲ $-92M ▲ $-555M ▼ $176M ▲ $727M ▲
Q1-2025 $149M ▲ $-395M ▼ $-199M ▼ $-70M ▼ $-664M ▼ $-462M ▼
Q4-2024 $123M ▲ $391M ▲ $-110M ▼ $540M ▲ $821M ▲ $277M ▼
Q3-2024 $101M $213M $-76M $-138M $-1M $378M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Ingalls
Ingalls
 $740.00M ▲$640.00M ▼$720.00M ▲$830.00M ▲
Mission Technologies
Mission Technologies
 $710.00M ▲$700.00M ▼$790.00M ▲$790.00M ▲
Newport News Shipbuilding
Newport News Shipbuilding
 $1.59Bn ▲$1.40Bn ▼$1.60Bn ▲$1.62Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the last several years, showing a healthy expansion of the core business. However, profits have been more uneven. Margins have tightened compared with a few years ago, suggesting cost pressure, program mix issues, or heavier investment spending. Recent results show higher sales but somewhat softer profitability than in some past years, which points to good demand but ongoing execution and cost-control challenges on complex long-term contracts.

Balance Sheet

Balance Sheet The balance sheet has become larger and generally stronger over time, with total assets and shareholder equity both moving up meaningfully. Cash on hand is now solid relative to recent history, which helps liquidity. Debt, however, is also elevated and has increased again in the most recent year, so leverage is something to monitor. Overall, the company looks better capitalized than in the past, but it is balancing a higher debt load against a thicker equity cushion and improved cash position.

Cash Flow

Cash Flow Cash generation has been inconsistent. In some years, operating cash flow and free cash flow were comfortably positive, while the most recent year shows a sharp drop and only marginal free cash after investment. Capital spending has been fairly steady, reflecting ongoing commitment to yards, technology, and infrastructure. The weak recent cash flow likely reflects timing of large defense programs and working capital swings, but it does mean less short-term financial flexibility until cash conversion improves again.

Competitive Edge

Competitive Edge HII holds a very strong strategic position in U.S. defense shipbuilding. It is the only builder of U.S. nuclear aircraft carriers and one of just two builders of nuclear submarines, supported by gigantic, highly specialized shipyards and deep technical expertise. Its long, embedded relationship with the U.S. Navy and its role on critical, decades-long programs create high barriers to entry. The flip side is heavy dependence on U.S. defense budgets, exposure to cost overruns on fixed-price work, and a relatively narrow customer base, but within that niche its moat is unusually deep.

Innovation and R&D

Innovation and R&D The company is clearly pushing to evolve from a traditional shipyard into a broader defense technology player. Digital shipbuilding, advanced modeling, and paperless workflows aim to improve efficiency and margins over time. At the same time, HII is building a strong position in unmanned underwater and surface vehicles, autonomy software, and AI-enabled C5ISR and training systems. These areas tend to be faster growing and potentially higher margin than legacy shipbuilding, but they also demand sustained investment, integration of acquisitions, and careful execution to turn promising technologies into large, profitable programs.

Summary

HII combines a protected core franchise in U.S. naval shipbuilding with an active push into newer, higher-tech defense segments. The business has grown steadily in size, though profitability and cash flow have been choppy, with the latest year showing particular pressure on margins and cash generation. The balance sheet is larger and more robust than a few years ago, but debt has also climbed and bears watching. Strategically, the company benefits from rare capabilities and long-term contracts, while its moves into digital shipbuilding, unmanned systems, and AI-driven mission technologies could reshape its growth and margin profile over time. The key uncertainties center on cost control on complex programs and the ability to translate its innovation efforts into consistently stronger earnings and cash flow.

NEWS

November 21, 2025 · 2:00 PM UTC

HII Completes Acceptance Trials for Destroyer Ted Stevens (DDG 128)

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November 21, 2025 · 11:45 AM UTC

HII Delivers Virginia-Class Submarine Massachusetts (SSN 798) to U.S. Navy

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November 4, 2025 · 3:00 PM UTC

HII REMUS UUV Marks 18 Years Serving Australia, and Continues to Lead Globally as Unmanned Undersea Vehicle of Choice

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November 4, 2025 · 10:00 AM UTC

HII Welcomes UK's Westley Group as Strategic Supplier, Strengthening Global Submarine Supply Chain Under AUKUS Framework

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November 3, 2025 · 4:30 PM UTC

HII Names Tim Taylor as Vice President of Engineering, Technology, and Design at Newport News Shipbuilding

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