Huntington Ingalls Industries Inc. (HII) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$3.82	$5.27	+38.0%	—	$3.4B	—
Q1 26	$3.73	$3.79	+1.6%	—	$3.1B	—
Q4 25	$3.85	$4.04	+4.9%	—	$3.5B	—
Q3 25	$3.4	$3.68	+8.2%	—	$3.2B	—
Q2 25	$3.43	$3.86	+12.5%	—	$3.1B	—
Q1 25	$2.81	$3.79	+34.9%	—	$2.7B	—
Q4 24	$3.09	$3.15	+1.9%	—	$3B	—
Q3 24	$3.75	$2.56	-31.7%	—	$2.7B	—
Q2 24	$3.48	$4.38	+25.9%	—	$3B	—
Q1 24	$3.48	$3.87	+11.2%	—	$2.8B	—
Q4 23	$4.26	$6.9	+62.0%	—	$3.2B	—
Q3 23	$3.4	$3.7	+8.8%	—	$2.8B	—
Q2 23	$3.03	$3.27	+7.9%	—	$2.8B	—
Q1 23	$2.86	$3.23	+12.9%	—	$2.7B	—
Q4 22	$3.28	$3.07	-6.4%	—	$2.8B	—
Q3 22	$3.41	$3.44	+0.9%	—	$2.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$15.4	—	—	$12.5B	—
FY24	—	$14	—	—	$11.5B	—
FY23	—	$17.1	—	—	$11.5B	—
FY22	—	$14.4	—	—	$10.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$7.1B	$7.4B	$8.2B	$8.9B	$9.4B	$9.5B	$10.7B	$11.5B	$11.5B	$12.5B
YoY change	+0.68%	+5.28%	+9.88%	+8.84%	+5.19%	+1.74%	+12.1%	+7.29%	+0.71%	+8.23%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	7.1B	7.4B	8.2B	8.9B	9.4B	9.5B	10.7B	11.5B	11.5B	12.5B
Cost of revenue	5.4B	5.8B	6.4B	7.4B	7.7B	8.2B	9.2B	9.8B	10.1B	10.9B
Gross profit	1.6B	1.6B	1.8B	1.5B	1.7B	1.4B	1.4B	1.6B	1.4B	1.6B
Gross margin	23%	21.9%	21.9%	17.2%	17.8%	14.4%	13.5%	14.4%	12.6%	12.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	768M	759M	871M	788M	904M	898M	924M	1B	973M	977M
Operating expenses	753M	759M	857M	788M	903M	896M	923M	902M	964M	974M
Operating income	870M	869M	934M	743M	767M	472M	517M	744M	486M	611M
Operating margin	12.3%	11.7%	11.4%	8.35%	8.19%	4.96%	4.84%	6.5%	4.21%	4.89%
Non-operating income, net	-12M	-3M	95M	10M	157M	239M	304M	204M	252M	271M
Pretax income	784M	772M	971M	683M	810M	622M	719M	853M	643M	777M
Income tax	211M	293M	135M	134M	114M	78M	140M	172M	93M	172M
Net income	573M	479M	836M	549M	696M	544M	579M	681M	550M	605M
Net margin	8.11%	6.44%	10.2%	6.17%	7.44%	5.71%	5.42%	5.95%	4.77%	4.85%
EBITDA	1B	1.1B	1.2B	987M	1.1B	963M	1.1B	1.3B	1B	1.2B
EPS	12.2	10.5	19.1	13.3	17.1	13.5	14.4	17.1	14	15.4
Diluted EPS	12.1	10.5	19.1	13.3	17.1	13.5	14.4	17.1	14	15.4

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2.8B	3.2B	2.8B	3B	2.7B	3B	2.7B	3.1B	3.2B	3.5B	3.1B	3.4B
Cost of revenue	2.4B	2.7B	2.4B	2.5B	2.4B	2.7B	2.3B	2.7B	2.8B	3.1B	2.7B	3B
Gross profit	416M	491M	375M	432M	322M	321M	394M	395M	394M	402M	408M	431M
Gross margin	14.8%	15.5%	13.4%	14.5%	11.7%	10.7%	14.4%	12.8%	12.3%	11.6%	13.2%	12.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	253M	311M	232M	255M	252M	234M	246M	241M	245M	245M	258M	242M
Operating expenses	253M	311M	233M	254M	252M	234M	246M	240M	245M	243M	258M	242M
Operating income	163M	300M	142M	178M	70M	96M	148M	155M	149M	159M	150M	189M
Operating margin	5.79%	9.44%	5.06%	5.98%	2.55%	3.2%	5.41%	5.03%	4.67%	4.57%	4.84%	5.53%
Non-operating income, net	48M	57M	63M	62M	65M	62M	67M	61M	78M	65M	60M	92M
Pretax income	189M	332M	184M	216M	112M	131M	187M	188M	204M	198M	188M	254M
Income tax	41M	58M	31M	43M	11M	8M	38M	36M	59M	39M	39M	46M
Net income	148M	274M	153M	173M	101M	123M	149M	152M	145M	159M	149M	208M
Net margin	5.26%	8.62%	5.45%	5.81%	3.67%	4.09%	5.45%	4.93%	4.54%	4.57%	4.81%	6.09%
EBITDA	287M	433M	285M	309M	205M	228M	294M	291M	295M	298M	286M	339M
EPS	3.7	6.9	3.87	4.38	2.56	3.15	3.79	3.86	3.69	4.05	3.79	5.27
Diluted EPS	3.7	6.9	3.87	4.38	2.56	3.15	3.79	3.86	3.68	4.04	3.79	5.27

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	8.6B	10.8B	8.3B	10.4B	6.9B	7.5B	9.3B	10.4B	7.4B	13.4B	10.1B
Enterprise value	9.2B	11.3B	9.4B	11.8B	8.3B	10.4B	11.9B	12.6B	10B	15.5B	13.3B
Shares outstanding	46.8M	45.7M	43.8M	41.4M	40.6M	40.3M	40.1M	39.9M	39.4M	39.3M	39.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	15	22.5	9.97	18.9	9.94	13.8	16	15.2	13.5	22.1	15.7
P/S	1.22	1.45	1.02	1.17	0.74	0.79	0.87	0.9	0.65	1.07	0.79
P/B	5.21	6.13	5.5	6.54	3.64	2.68	2.65	2.53	1.6	2.63	1.96
EV/EBITDA	8.84	10.6	7.61	11.9	7.25	10.8	10.6	10	9.87	13.3	11.4
EV/Sales	1.3	1.53	1.15	1.32	0.88	1.09	1.12	1.1	0.87	1.24	1.01
Earnings yield	6.65%	4.45%	10%	5.29%	10.1%	7.23%	6.26%	6.57%	7.39%	4.53%	6.36%
FCF yield	6.23%	4.01%	5.41%	3.52%	10.7%	5.7%	5.21%	6.54%	0.35%	5.94%	-2.96%
PEG	—	—	—	—	—	—	—	—	—	—	0.43

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	23%	21.9%	21.9%	17.2%	17.8%	14.4%	13.5%	14.4%	12.6%	12.7%	12.6%
Operating margin	12.3%	11.7%	11.4%	8.35%	8.19%	4.96%	4.84%	6.5%	4.21%	4.89%	7.08%
Net margin	8.11%	6.44%	10.2%	6.17%	7.44%	5.71%	5.42%	5.95%	4.77%	4.85%	5.01%
ROE	34.7%	27.2%	55.1%	34.6%	36.6%	19.4%	16.6%	16.6%	11.8%	11.9%	13%
ROA	9.02%	7.51%	13.1%	7.81%	8.53%	5.12%	5.33%	6.07%	4.53%	4.75%	4.28%
ROIC	28.8%	23.1%	31.4%	20.2%	20.4%	7.28%	6.74%	9.37%	5.74%	6.59%	6.15%
Return on tangible assets	20.6%	16.4%	29.1%	16.6%	17.9%	17.8%	16.2%	16.2%	10.3%	9.98%	10.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.59	1.58	0.95	0.94	1.1	1.15	0.95	0.95	1.08	1.13	1.23
Quick ratio	1.44	1.45	0.88	0.87	1.04	1.08	0.89	0.89	1.01	1.06	1.14
Debt / equity	0.77	0.73	0.85	0.91	0.97	1.24	0.9	0.65	0.73	0.58	0.55
Debt / assets	0.2	0.2	0.2	0.21	0.23	0.33	0.29	0.24	0.28	0.23	0.23
Net debt / EBITDA	0.54	0.54	0.85	1.39	1.17	2.98	2.37	1.78	2.54	1.84	2.4
Interest coverage	11.6	9.21	17.7	10.8	8.11	7.99	8.05	9.98	7.77	8.4	9.61
Effective tax rate	26.9%	38%	13.9%	19.6%	14.1%	12.5%	19.5%	20.2%	14.5%	22.1%	21.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	151	162.8	186.7	215	230.6	236.3	266.2	287.1	292.8	317.7	335.1
EPS (basic)	12.2	10.5	19.1	13.3	17.1	13.5	14.4	17.1	14	15.4	15.4
EPS (diluted)	12.1	10.5	19.1	13.3	17.1	13.5	14.4	17.1	14	15.4	16.8
Book value per share	35.3	38.5	34.6	38.4	46.8	69.7	87	102.6	118.4	129.1	134.8
FCF per share	11.5	9.45	10.3	8.84	18.2	10.6	12	17	0.66	20.2	-2.15
Cash per share	15.4	15.3	5.48	1.81	12.6	15.6	11.6	10.8	21.1	19.7	0.3
Capex per share	6.09	—	—	—	—	—	—	—	—	10.2	10.9

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.03%	—	—	—	—	—	—	—	—	3.22%	3.28%
Capex / operating cash flow	32.4%	—	—	—	—	—	—	—	—	33.6%	124.5%
Payout ratio	17.1%	24%	15.8%	27.1%	24.7%	34.2%	33.2%	29.4%	37.5%	35.2%	32.7%
Dividend yield	1.14%	1.07%	1.58%	1.43%	2.49%	2.47%	2.08%	1.93%	2.77%	1.59%	2.15%

Yield

2.15%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.38

ex-dividend Aug 28, 2026

Payout ratio

33%

of earnings

Dividend growth

13 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 28, 2026	$1.38
May 29, 2026	$1.38
Feb 27, 2026	$1.38
Nov 28, 2025	$1.38

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$2.8B	$3.2B	$2.8B	$3B	$2.7B	$3B	$2.7B	$3.1B	$3.2B	$3.5B	$3.1B	$3.4B
YoY change	+7.24%	+13%	+4.9%	+6.82%	-2.38%	-5.45%	-2.53%	+3.53%	+16.1%	+15.7%	+13.4%	+10.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	720M	701M	240M	75M	512M	627M	467M	430M	831M	774M
Receivables	318M	442M	252M	318M	397M	433M	636M	461M	212M	339M
Inventory	210M	183M	128M	136M	137M	161M	183M	186M	208M	219M
Total current assets	2.1B	2.2B	1.7B	1.8B	2.4B	2.8B	2.7B	2.9B	3.2B	3.5B
Property, plant & equipment	234M	292M	474M	649M	728M	705M	675M	604M	507M	510M
Goodwill & intangibles	3.6B	3.5B	3.5B	3.7B	4.3B	7.6B	7.3B	7B	6.8B	6.7B
Total assets	6.4B	6.4B	6.4B	7B	8.2B	10.6B	10.9B	11.2B	12.1B	12.7B
Accounts payable	316M	375M	562M	497M	460M	603M	642M	554M	598M	556M
Short-term debt	—	—	—	—	—	—	399M	231M	503M	—
Total current liabilities	1.3B	1.4B	1.8B	1.9B	2.2B	2.4B	2.9B	3B	3B	3B
Long-term debt	1.3B	1.3B	1.3B	1.4B	1.8B	3.5B	2.8B	2.4B	2.9B	2.9B
Total liabilities	4.7B	4.6B	4.9B	5.4B	6.3B	7.8B	7.4B	7.1B	7.5B	7.7B
Shareholders' equity	1.7B	1.8B	1.5B	1.6B	1.9B	2.8B	3.5B	4.1B	4.7B	5.1B
Total debt	1.3B	1.3B	1.3B	1.4B	1.8B	3.5B	3.2B	2.7B	3.4B	2.9B
Net debt	558M	578M	1B	1.4B	1.3B	2.9B	2.7B	2.2B	2.6B	2.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	312M	774M	216M	12M
Receivables	—	—	—	—	—	—	—	—	374M	339M	406M	452M
Inventory	—	—	—	—	—	—	—	—	221M	219M	230M	236M
Total current assets	—	—	—	—	—	—	—	—	3.1B	3.5B	3.2B	3.2B
Property, plant & equipment	-2.4B	-2.5B	-2.5B	-2.5B	-2.5B	-2.6B	-2.6B	-2.7B	3.9B	510M	4B	4.1B
Goodwill & intangibles	—	—	—	—	—	—	—	—	6.7B	6.7B	6.6B	6.6B
Total assets	—	—	—	—	—	—	—	—	12.3B	12.7B	12.5B	12.7B
Accounts payable	—	—	—	—	—	—	—	—	680M	556M	692M	737M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	2.7B	3B	2.7B	2.6B
Long-term debt	—	—	—	—	—	—	—	—	2.9B	2.9B	2.9B	2.9B
Total liabilities	—	—	—	—	—	—	—	—	7.3B	7.7B	7.4B	7.4B
Shareholders' equity	—	—	—	—	—	—	—	—	5B	5.1B	5.1B	5.3B
Total debt	—	—	—	—	—	—	—	—	2.9B	2.9B	2.9B	2.9B
Net debt	—	—	—	—	—	—	—	—	2.6B	2.1B	2.7B	2.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	573M	479M	836M	549M	696M	544M	579M	681M	550M	605M
Depreciation & amortization	186M	205M	203M	227M	247M	293M	358M	347M	326M	329M
Stock-based compensation	36M	34M	36M	30M	23M	33M	36M	34M	23M	54M
Change in working capital	9M	-180M	-461M	50M	-213M	-171M	-275M	-207M	-24M	-367M
Operating cash flow	880M	732M	623M	967M	795M	815M	722M	765M	763M	1.2B
Capital expenditure	-285M	—	—	—	—	—	—	—	—	-402M
Investing cash flow	-653M	33M	-13M	-97M	-406M	-1.6B	16M	56M	19M	-521M
Dividends paid	-98M	-115M	-132M	-149M	-172M	-186M	-192M	-200M	-206M	-213M
Share repurchases	-194M	-286M	-742M	-262M	-84M	-101M	-52M	-75M	-162M	0
Financing cash flow	-343M	-484M	-899M	-434M	103M	1.3B	-658M	-771M	356M	-732M
Net change in cash	-116M	281M	-289M	436M	492M	501M	80M	50M	1.1B	-57M
Free cash flow	537M	432M	451M	366M	740M	429M	482M	678M	26M	794M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	148M	274M	153M	173M	101M	123M	149M	152M	145M	159M	149M	208M
Depreciation & amortization	85M	88M	80M	80M	82M	84M	79M	83M	80M	87M	76M	79M
Stock-based compensation	9M	7M	14M	-7M	8M	8M	24M	9M	10M	11M	21M	10M
Change in working capital	30M	-18M	-417M	-48M	216M	225M	-554M	177M	-100M	110M	-354M	-262M
Operating cash flow	255M	326M	-182M	187M	385M	376M	-310M	419M	118M	650M	-390M	-31M
Capital expenditure	—	—	—	—	—	—	—	—	-105M	-134M	-74M	-119M
Investing cash flow	12M	3M	4M	-1M	12M	4M	-132M	4M	-101M	-134M	-71M	-118M
Dividends paid	-50M	-51M	-51M	-51M	-52M	-52M	-53M	-53M	-53M	-54M	-54M	-55M
Share repurchases	-21M	-38M	-62M	-65M	-35M	0	0	0	0	0	—	—
Financing cash flow	-498M	-116M	-147M	101M	-138M	936M	-70M	-555M	-53M	-54M	-97M	-55M
Net change in cash	-231M	213M	-325M	287M	259M	1.3B	-512M	-132M	-36M	462M	-558M	-204M
Free cash flow	282M	434M	-277M	-99M	125M	277M	-462M	727M	13M	516M	-464M	-150M

Huntington Ingalls Industries Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement