A Business at a Glance
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HUNTINGTON INGALLS INDUSTRIES, INC.
HII
$11.3B
Mkt Cap
$287.59
+0.17%
HUNTINGTON INGALLS INDUSTRIES, INC. (HII) has a current P/E ratio of 18.7, compared to its historical median P/E of 13.9. The stock is currently considered Expensive based on its historical valuation range.
HUNTINGTON INGALLS INDUSTRIES, INC. (HII) has a 5-year average return on invested capital (ROIC) of 8.4%. This is below average and may indicate limited pricing power.
HUNTINGTON INGALLS INDUSTRIES, INC. (HII) has a market capitalization of $11.3B. It is classified as a large-cap stock.
Yes, HUNTINGTON INGALLS INDUSTRIES, INC. (HII) pays a dividend with a trailing twelve-month yield of 1.89%.
Based on historical P/E analysis, HUNTINGTON INGALLS INDUSTRIES, INC. (HII) appears expensive. The current P/E of 18.7 is 35% above its historical median of 13.9. The estimated fair value CAGR (P/E method) is -0.9%.
HUNTINGTON INGALLS INDUSTRIES, INC. (HII) operates in the Ship & Boat Building & Repairing industry, within the Industrials sector.
Huntington Ingalls Industries is a global, all-domain defense contractor and America's largest shipbuilder, employing over 44,000 people domestically and internationally. The company operates three primary segments: Ingalls Shipbuilding in Mississippi, which designs and constructs non-nuclear ships including amphibious assault ships (LHA and LPD classes), surface combatants (Arleigh Burke-class destroyers), and national security cutters for the U.S. Navy and Coast Guard; Newport News Shipbuilding in Virginia, which designs and constructs nuclear-powered aircraft carriers (CVN class) and submarines (Virginia-class and Columbia-class), and provides exclusive refueling and complex overhaul services for nuclear carriers; and Mission Technologies, which develops integrated technology solutions including command, control, communications, cyber, intelligence, surveillance and reconnaissance systems, artificial intelligence and machine learning applications, cyberspace operations, unmanned autonomous systems, training solutions, and platform modernization services. The company's business model is primarily contract-based with the U.S. Government, particularly the Department of the Navy, which accounted for approximately 81% of revenues in 2025, with work conducted as prime contractor, principal subcontractor, or team member on high-priority defense programs. HII's competitive moat derives from its exclusive or sole-builder status on critical platforms (sole builder of amphibious assault ships, one of two builders of surface combatants and submarines, exclusive provider of carrier refueling and overhaul services), highly trained nuclear-capable workforce, significant capital requirements and barriers to entry, and over a century of shipbuilding expertise across multiple ship classes.
【Throughput expansion and margin recovery】 Management is executing a multi-year operational strategy focused on increasing shipbuilding throughput by approximately 15% annually through 2026, supported by significant workforce expansion (hiring over 6,600 shipbuilders in 2025 with plans to hire at least that many in 2026), wage investments to improve retention, and a 30% increase in outsourcing in 2026 to expand distributed shipbuilding capacity. The company expects incremental quarterly revenue growth in shipbuilding as it monetizes its $54 billion backlog and transitions from pre-COVID contracts to newly awarded contracts with improved margins, with medium-term consolidated revenue growth of approximately 6% (shipbuilding 6%, Mission Technologies 5%), though management notes additional upside potential from recently announced frigate and battleship programs pending further details. Capital expenditures are expected to remain elevated at approximately 4%–5% of sales in 2026 to support capacity and throughput improvements, with management anticipating continued profitability improvement as the portfolio shifts toward post-COVID contracts and operational efficiencies mature, though near-term performance reflects investments in outsourcing and overtime to prioritize ship delivery schedules.
No forward guidance provided.
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 12.8B | 12.5B | 11.5B | 11.5B | 10.7B | 9.5B |
| Net Income | 605M | 605M | 550M | 681M | 579M | 544M |
| EPS | $15.40 | $15.39 | $13.96 | $17.07 | $14.44 | $13.50 |
| Free Cash Flow | 792M | 794M | 26M | 678M | 482M | 429M |
| ROIC | 6.6% | 7.2% | 6.9% | 10.1% | 7.8% | 10.2% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.52 | 0.59 | 0.74 | 0.67 | 0.92 | 1.26 |
| Dividends/Share | $5.43 | $5.43 | $5.25 | $5.02 | $4.78 | $4.60 |
| Operating Income | 651M | 657M | 535M | 781M | 565M | 513M |
| Operating Margin | 5.1% | 5.3% | 4.6% | 6.8% | 5.3% | 5.4% |
| ROE | 11.8% | 12.4% | 12.6% | 18.0% | 18.4% | 23.1% |
| Shares Outstanding | 39M | 39M | 39M | 40M | 40M | 40M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 7.0B | 7.0B | 7.1B | 7.4B | 8.2B | 8.9B | 9.4B | 9.5B | 10.7B | 11.5B | 11.5B | 12.5B | 12.8B |
| Gross Margin | 35.5% | 38.5% | 38.0% | 40.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | 18M | 19M | 19M | 17M | 25M | 23M | 31M | 34M | 40M | 35M | 27M | 26M | 26M |
| SG&A | 726M | 669M | 768M | 759M | 871M | 788M | 904M | 898M | 924M | 1.0B | 973M | 977M | 989M |
| EBIT | 655M | 769M | 876M | 881M | 951M | 736M | 799M | 513M | 565M | 781M | 535M | 657M | 651M |
| Op. Margin | 9.4% | 11.0% | 12.4% | 11.8% | 11.6% | 8.3% | 8.5% | 5.4% | 5.3% | 6.8% | 4.6% | 5.3% | 5.1% |
| Net Income | 338M | 404M | 573M | 479M | 836M | 549M | 696M | 544M | 579M | 681M | 550M | 605M | 605M |
| Net Margin | 4.9% | 5.8% | 8.1% | 6.4% | 10.2% | 6.2% | 7.4% | 5.7% | 5.4% | 5.9% | 4.8% | 4.8% | 4.7% |
| Non-Recurring | 47M | 356M | 287M | 0 | 0 | 29M | 13M | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 20.3% | 25.1% | 31.4% | 24.0% | 33.5% | 21.3% | 22.7% | 10.2% | 7.8% | 10.1% | 6.9% | 7.2% | 6.6% |
| ROE | 23.4% | 28.3% | 36.5% | 28.1% | 51.1% | 35.4% | 39.9% | 23.1% | 18.4% | 18.0% | 12.6% | 12.4% | 11.8% |
| ROA | 5.4% | 6.6% | 9.3% | 7.5% | 13.1% | 8.2% | 9.2% | 5.8% | 5.4% | 6.2% | 4.7% | 4.9% | 4.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 755M | 861M | 822M | 814M | 914M | 896M | 1.1B | 760M | 766M | 970M | 393M | 1.2B | 1.2B |
| Free Cash Flow | 590M | 673M | 537M | 432M | 451M | 366M | 740M | 429M | 482M | 678M | 26M | 794M | 792M |
| Owner Earnings | 527M | 638M | 600M | 575M | 675M | 639M | 823M | 434M | 372M | 589M | 44M | 813M | 824M |
| CapEx | 165M | 188M | 285M | 382M | 463M | 530M | 353M | 331M | 284M | 292M | 367M | 402M | 409M |
| Maint. CapEx | 194M | 180M | 186M | 205M | 203M | 227M | 247M | 293M | 358M | 347M | 326M | 329M | 326M |
| Growth CapEx | 0 | 8.0M | 99M | 177M | 260M | 303M | 106M | 38M | 0 | 0 | 41M | 73M | 83M |
| D&A | 194M | 180M | 186M | 205M | 203M | 227M | 247M | 293M | 358M | 347M | 326M | 329M | 326M |
| CapEx/OCF | 23.0% | 21.8% | 34.7% | 46.9% | 50.7% | 59.2% | 32.3% | 43.6% | 37.1% | 30.1% | 93.4% | 33.6% | 34.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 49M | 81M | 98M | 115M | 132M | 149M | 172M | 186M | 192M | 200M | 206M | 213M | 214M |
| Dividend Yield | 1.2% | 1.7% | 1.6% | 1.4% | 1.5% | 1.9% | 2.6% | 2.6% | 2.4% | 2.4% | 2.1% | 2.2% | 1.9% |
| Share Buybacks | 138M | 232M | 194M | 286M | 742M | 262M | 84M | 101M | 52M | 75M | 162M | 0 | 0 |
| Buyback Yield | 3.0% | 4.5% | 2.7% | 3.1% | 10.5% | 2.9% | 1.4% | 1.5% | 0.6% | 0.8% | 2.2% | N/A | 0.0% |
| Stock-Based Comp | 34M | 43M | 36M | 34M | 36M | 30M | 23M | 33M | 36M | 34M | 23M | 54M | 51M |
| Debt Repayment | 679M | 995M | 0 | 600M | 0 | 0 | 600M | 25M | 400M | 480M | 229M | 500M | 500M |
| Balance Sheet | |||||||||||||
| Net Debt | 680M | 379M | 558M | 578M | 1.0B | 1.4B | 1.4B | 2.9B | 2.8B | 2.3B | 2.6B | 2.2B | 2.5B |
| Cash & Equiv. | 990M | 894M | 720M | 701M | 240M | 75M | 512M | 627M | 467M | 430M | 831M | 774M | 213M |
| Long-Term Debt | 1.6B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.7B | 3.3B | 2.5B | 2.2B | 2.7B | 2.7B | 2.7B |
| Debt/Equity | 1.22 | 0.85 | 0.77 | 0.73 | 0.85 | 0.94 | 0.99 | 1.26 | 0.92 | 0.67 | 0.74 | 0.59 | 0.52 |
| Interest Coverage | 4.4 | 5.6 | 11.8 | 9.4 | 16.4 | 10.5 | 7.0 | 5.8 | 5.5 | 8.2 | 5.6 | 6.3 | 6.6 |
| Equity | 1.4B | 1.5B | 1.7B | 1.8B | 1.5B | 1.6B | 1.9B | 2.8B | 3.5B | 4.1B | 4.7B | 5.1B | 5.1B |
| Total Assets | 6.2B | 6.0B | 6.4B | 6.4B | 6.4B | 7.0B | 8.2B | 10.6B | 10.9B | 11.2B | 12.1B | 12.7B | 12.5B |
| Total Liabilities | 4.9B | 4.5B | 4.7B | 4.6B | 4.9B | 5.4B | 6.3B | 7.8B | 7.4B | 7.1B | 7.5B | 7.7B | 7.4B |
| Intangibles | 547M | 495M | 548M | 508M | 492M | 492M | 512M | 1.2B | 1.0B | 891M | 782M | 694M | 673M |
| Retained Earnings | 525M | 848M | 1.3B | 1.7B | 2.6B | 3.0B | 3.5B | 3.9B | 4.3B | 4.8B | 5.1B | 5.5B | 5.6B |
| Working Capital | 1.1B | 1.0B | 799M | 804M | -84M | -105M | 218M | 363M | -149M | -152M | 237M | 406M | 515M |
| Current Assets | 2.4B | 2.3B | 2.1B | 2.2B | 1.7B | 1.8B | 2.4B | 2.8B | 2.7B | 2.9B | 3.2B | 3.5B | 3.2B |
| Current Liabilities | 1.3B | 1.3B | 1.3B | 1.4B | 1.8B | 1.9B | 2.2B | 2.4B | 2.9B | 3.0B | 3.0B | 3.0B | 2.7B |
| Per Share Data | |||||||||||||
| EPS | 6.86 | 8.36 | 12.14 | 10.46 | 19.09 | 13.26 | 17.14 | 13.50 | 14.44 | 17.07 | 13.96 | 15.39 | 15.40 |
| Owner EPS | 10.70 | 13.20 | 12.71 | 12.56 | 15.41 | 15.43 | 20.27 | 10.77 | 9.28 | 14.76 | 1.12 | 20.68 | 20.93 |
| Book Value | 27.70 | 30.83 | 35.02 | 38.39 | 34.62 | 38.35 | 46.81 | 69.68 | 87.01 | 102.60 | 118.43 | 129.05 | 130.71 |
| Cash Flow/Share | 15.32 | 17.82 | 17.42 | 17.78 | 20.87 | 21.64 | 26.92 | 18.86 | 19.10 | 24.31 | 9.98 | 30.42 | 23.64 |
| Dividends/Share | 1.00 | 1.70 | 2.10 | 2.52 | 3.02 | 3.61 | 4.23 | 4.60 | 4.78 | 5.02 | 5.25 | 5.43 | 5.43 |
| Shares Out. | 49.3M | 48.3M | 47.2M | 45.8M | 43.8M | 41.4M | 40.6M | 40.3M | 40.1M | 39.9M | 39.4M | 39.3M | 39.4M |
| Valuation | |||||||||||||
| P/E Ratio | 13.7 | 12.6 | 12.7 | 19.3 | 8.4 | 16.5 | 8.7 | 12.6 | 14.8 | 14.4 | 13.3 | 22.7 | 18.7 |
| P/FCF | 7.8 | 7.6 | 13.5 | 21.5 | 15.6 | 24.7 | 8.2 | 15.9 | 17.8 | 14.5 | 281.1 | 17.3 | 14.3 |
| EV/EBIT | 6.8 | 6.1 | 8.3 | 10.4 | 8.3 | 13.8 | 8.4 | 18.5 | 20.2 | 15.5 | 19.0 | 23.9 | 21.2 |
| Price/Book | 3.4 | 3.4 | 4.4 | 5.3 | 4.7 | 5.7 | 3.2 | 2.4 | 2.5 | 2.4 | 1.6 | 2.7 | 2.2 |
| Price/Sales | 3.2 | 3.6 | 4.2 | 1.1 | 1.1 | 0.9 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 0.9 |
| FCF Yield | 12.8% | 13.2% | 7.4% | 4.7% | 6.4% | 4.0% | 12.3% | 6.3% | 5.6% | 6.9% | 0.4% | 5.8% | 7.0% |
| Market Cap | 4.6B | 5.1B | 7.3B | 9.3B | 7.1B | 9.0B | 6.0B | 6.8B | 8.6B | 9.8B | 7.3B | 13.8B | 11.3B |
| Avg. Price | 80.74 | 100.40 | 127.88 | 176.75 | 199.14 | 188.31 | 162.38 | 177.05 | 199.23 | 206.86 | 244.56 | 243.81 | 287.59 |
| Year-End Price | 93.87 | 105.72 | 153.78 | 202.37 | 161.09 | 218.48 | 148.63 | 169.80 | 213.75 | 246.51 | 185.48 | 350.04 | 287.59 |
HUNTINGTON INGALLS INDUSTRIES, INC. passes 3 of 9 quality checks, indicating weak fundamentals.
HUNTINGTON INGALLS INDUSTRIES, INC. trades at 18.7x trailing earnings, compared to its 15-year median P/E of 13.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 14.2x vs a median of 15.9x. The company's 5-year average ROIC is 8.4%. Total shareholder yield (dividends) is 1.9%. At current prices, the estimated annualized return to fair value is -4.0%.
HUNTINGTON INGALLS INDUSTRIES, INC. (HII) reported annual revenue of $12.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
HUNTINGTON INGALLS INDUSTRIES, INC. (HII) has a net profit margin of 4.8%. This is a modest margin.
HUNTINGTON INGALLS INDUSTRIES, INC. (HII) generated $794 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HUNTINGTON INGALLS INDUSTRIES, INC. (HII) has a debt-to-equity ratio of 0.59. This indicates moderate leverage.
HUNTINGTON INGALLS INDUSTRIES, INC. (HII) reported earnings per share (EPS) of $15.39 in its most recent fiscal year.
HUNTINGTON INGALLS INDUSTRIES, INC. (HII) has a return on equity (ROE) of 12.4%. This indicates moderate shareholder returns.
The Ledger Terminal provides 17 years of financial data for HUNTINGTON INGALLS INDUSTRIES, INC. (HII), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HUNTINGTON INGALLS INDUSTRIES, INC. (HII) has a book value per share of $129.05, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is executing a multi-year operational strategy focused on increasing shipbuilding throughput by approximately 15% annually through 2026, supported by significant workforce expansion (hiring over 6,600 shipbuilders in 2025 with plans to hire at least that many in 2026), wage investments to improve retention, and a 30% increase in outsourcing in 2026 to expand distributed shipbuilding capacity. The company expects incremental quarterly revenue growth in shipbuilding as it monetizes its $54 billion backlog and transitions from pre-COVID contracts to newly awarded contracts with improved margins, with medium-term consolidated revenue growth of approximately 6% (shipbuilding 6%, Mission Technologies 5%), though management notes additional upside potential from recently announced frigate and battleship programs pending further details. Capital expenditures are expected to remain elevated at approximately 4%–5% of sales in 2026 to support capacity and throughput improvements, with management anticipating continued profitability improvement as the portfolio shifts toward post-COVID contracts and operational efficiencies mature, though near-term performance reflects investments in outsourcing and overtime to prioritize ship delivery schedules.