HUNTINGTON INGALLS INDUSTRIES, INC. HII
Huntington Ingalls Industries, Inc. ("HII", the "Company", "we", "us", or "our") is a global, all-domain defense partner, building and delivering the world's most powerful, survivable naval ships and technologies that safeguard America's seas, sky, land, space, and cyber. For more than a century, our Ingalls Shipbuilding segment ("Ingalls") in Mississippi and Newport News Shipbuilding segment ("Newport News") in Virginia have built more ships in more ship classes than any other U.S. naval shipbuilder, making us America's largest shipbuilder. Our Mission Technologies segment develops integrated technology solutions and products that enable today's connected, all-domain force. Headquartered in Newport News, Virginia, we employ over 44,000 people domestically and internationally.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.48B | $11.54B | $11.45B | $10.68B | $9.52B | $9.36B | $8.90B | $8.18B | $7.44B | $7.07B |
| Cost of revenue | — | — | — | — | — | — | — | — | $1.57B | $1.23B |
| Gross profit | — | — | — | — | — | — | — | — | $5.87B | $5.84B |
| R&D | $26.0M | $27.0M | $35.0M | $40.0M | $34.0M | $31.0M | $23.0M | $25.0M | $17.0M | $19.0M |
| SG&A | $977.0M | $973.0M | $1.02B | $924.0M | $898.0M | $904.0M | $788.0M | $871.0M | $759.0M | $768.0M |
| Operating income | $657.0M | $535.0M | $781.0M | $565.0M | $513.0M | $799.0M | $736.0M | $951.0M | $881.0M | $876.0M |
| Interest expense | $105.0M | $95.0M | $95.0M | $102.0M | $89.0M | $114.0M | $70.0M | $58.0M | $94.0M | $74.0M |
| Pre-tax income | $777.0M | $643.0M | $853.0M | $719.0M | $622.0M | $810.0M | $683.0M | $971.0M | $772.0M | $784.0M |
| Income tax | $172.0M | $93.0M | $172.0M | $140.0M | $78.0M | $114.0M | $134.0M | $135.0M | $293.0M | $211.0M |
| Net income | $605.0M | $550.0M | $681.0M | $579.0M | $544.0M | $696.0M | $549.0M | $836.0M | $479.0M | $573.0M |
| EPS, basic | 15.39 | 13.96 | 17.07 | 14.44 | 13.50 | 17.14 | 13.26 | 19.09 | 10.48 | 12.24 |
| EPS, diluted | 15.39 | 13.96 | 17.07 | 14.44 | 13.50 | 17.14 | 13.26 | 19.09 | 10.46 | 12.14 |
| Shares, diluted (wtd. avg.) | $39.3M | $39.4M | $39.9M | $40.1M | $40.3M | $40.6M | $41.4M | $43.8M | $45.8M | $47.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $774.0M | $831.0M | $430.0M | $467.0M | $627.0M | $512.0M | $75.0M | $240.0M | $701.0M | $720.0M |
| Receivables | $339.0M | $212.0M | $461.0M | $636.0M | $433.0M | $397.0M | $318.0M | $252.0M | $429.0M | $1.16B |
| Total current assets | $3.45B | $3.23B | $2.88B | $2.75B | $2.79B | $2.44B | $1.78B | $1.75B | $2.19B | $2.14B |
| Property, plant and equipment | $3.73B | $3.45B | $3.30B | $3.20B | $3.11B | $2.98B | $2.83B | $2.52B | $2.21B | $1.99B |
| Goodwill | $2.65B | $2.62B | $2.62B | $2.62B | $2.63B | $1.62B | $1.37B | $1.26B | $1.22B | $1.23B |
| Other intangibles | $694.0M | $782.0M | $891.0M | $1.02B | $1.16B | $512.0M | $492.0M | $492.0M | $508.0M | $548.0M |
| Total assets | $12.75B | $12.14B | $11.21B | $10.86B | $10.63B | $8.16B | $7.03B | $6.38B | $6.37B | $6.35B |
| Accounts payable | $556.0M | $598.0M | $554.0M | $642.0M | $603.0M | $460.0M | $497.0M | $562.0M | $375.0M | $316.0M |
| Short-term debt | — | — | $231.0M | $399.0M | — | — | — | — | — | — |
| Total current liabilities | $3.04B | $2.99B | $3.03B | $2.90B | $2.43B | $2.23B | $1.89B | $1.83B | $1.39B | $1.34B |
| Long-term debt | — | — | $2.21B | $2.51B | $3.30B | $1.69B | $1.29B | $1.28B | $1.28B | $1.28B |
| Total liabilities | $7.68B | $7.47B | $7.12B | $7.37B | $7.82B | $6.26B | $5.44B | $4.87B | $4.62B | $4.70B |
| Retained earnings | $5.49B | $5.10B | $4.75B | $4.28B | $3.89B | $3.53B | $3.01B | $2.61B | $1.69B | $1.32B |
| Total equity | $5.07B | $4.67B | $4.09B | $3.49B | $2.81B | $1.90B | $1.59B | $1.52B | $1.76B | $1.65B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.20B | $393.0M | $970.0M | $766.0M | $760.0M | $1.09B | $896.0M | $914.0M | $814.0M | $822.0M |
| Depreciation and amortisation | $329.0M | $326.0M | $347.0M | $358.0M | $293.0M | $247.0M | $227.0M | $203.0M | $205.0M | $186.0M |
| Stock-based compensation | $54.0M | $23.0M | $34.0M | $36.0M | $33.0M | $23.0M | $30.0M | $36.0M | $34.0M | $36.0M |
| Capital expenditure | $402.0M | $367.0M | $292.0M | $284.0M | $331.0M | $353.0M | $530.0M | $463.0M | $382.0M | $285.0M |
| Investing cash flow | -$521.0M | -$348.0M | -$236.0M | -$268.0M | -$1.95B | -$759.0M | -$627.0M | -$476.0M | -$349.0M | -$653.0M |
| Financing cash flow | -$732.0M | $356.0M | -$771.0M | -$658.0M | $1.31B | $103.0M | -$434.0M | -$899.0M | -$484.0M | -$343.0M |
| Dividends paid | $213.0M | $206.0M | $200.0M | $192.0M | $186.0M | $172.0M | $149.0M | $132.0M | $115.0M | $98.0M |
| Buybacks | — | $162.0M | $75.0M | $52.0M | $101.0M | $84.0M | $262.0M | $742.0M | $286.0M | $194.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001501585-26-000006.
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