HII

MKT CAP:$14B

Huntington Ingalls Industries, Inc.

Market Cap

$14B

Industrials·Aerospace & Defense·🇺🇸 United States·NYSE

Industrials·Aerospace·🇺🇸·NYSE

Stock Price

$359.29+$9.54 (+2.73%)

Apr 24, 2026

Company Details

Huntington Ingalls Industries, Inc. engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions...

CEO

Christopher Douglas Kastner

IPO Date

Mar 22, 2011

Website

www.hii.com

Key Metrics TTM

Revenue

$12.5B

+8.2% YoY

Net Income

$605M

EPS (Diluted)

$15.37

Free Cash Flow

$1.1B

Revenue / Share

$316.85

Gross Margin

12.7%

Operating Margin

5.1%

Net Margin

4.8%

FCF Margin

8.5%

P/S

1.1x

P/E

23.3x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 5, 2026

$12.5B+8.2%EPS $15.39

Q4 2025

Feb 5, 2026

$3.5B+15.7%EPS $4.04

Q3 2025

Oct 30, 2025

$3.2B+16.1%EPS $3.68

Q2 2025

Jul 31, 2025

$3.1B+3.5%EPS $3.86

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$2.6B	$349M	$132M
Q2 22	$2.7B	$390M	$163M
Q3 22	$2.6B	$362M	$118M
Q4 22	$2.8B	$339M	$103M
Q1 23	$2.7B	$350M	$141M
Q2 23	$2.8B	$389M	$156M
Q3 23	$2.8B	$416M	$172M
Q4 23	$3.2B	$491M	$312M
Q1 24	$2.8B	$375M	$154M
Q2 24	$3.0B	$432M	$189M
Q3 24	$2.7B	$322M	$82M
Q4 24	$3.0B	$321M	$110M
Q1 25	$2.7B	$394M	$161M
Q2 25	$3.1B	$395M	$154M
Q3 25	$3.2B	$394M	$161M
Q4 25	$3.5B	$402M	$157M

Valuation

Quarter	P/S	P/E
Q1 22	1.4x	26.3x
Q2 22	1.4x	24.1x
Q3 22	1.3x	24.5x
Q4 22	1.3x	24.3x
Q1 23	1.3x	24.8x
Q2 23	1.3x	27.1x
Q3 23	1.3x	26.6x
Q4 23	1.2x	20.7x
Q1 24	1.2x	20.0x
Q2 24	1.2x	18.8x
Q3 24	1.2x	20.1x
Q4 24	1.2x	25.6x
Q1 25	1.2x	25.8x
Q2 25	1.2x	26.8x
Q3 25	1.2x	24.8x
Q4 25	1.1x	23.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$83M	-$126M
Q2 22	$267M	$208M
Q3 22	-$19M	-$96M
Q4 22	$601M	$496M
Q1 23	-$9M	-$52M
Q2 23	$82M	$14M
Q3 23	$335M	$282M
Q4 23	$562M	$434M
Q1 24	-$202M	-$277M
Q2 24	-$9M	-$99M
Q3 24	$213M	$378M
Q4 24	$391M	$277M
Q1 25	-$395M	-$462M
Q2 25	$823M	$727M
Q3 25	$118M	$281M
Q4 25	$650M	$516M

Capital Expenditures

Quarter	CapEx
Q1 22	$43M
Q2 22	$59M
Q3 22	$77M
Q4 22	$105M
Q1 23	$43M
Q2 23	$68M
Q3 23	$53M
Q4 23	$128M
Q1 24	$75M
Q2 24	$90M
Q3 24	$165M
Q4 24	$114M
Q1 25	$67M
Q2 25	$96M
Q3 25	$163M
Q4 25	$134M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+13.1%	+14.1%
Q2 22	+19.3%	+18.3%
Q3 22	+12.3%	+12.3%
Q4 22	+5.0%	+5.6%
Q1 23	+3.8%	+3.6%
Q2 23	+4.7%	+5.3%
Q3 23	+7.2%	+5.4%
Q4 23	+13.0%	+5.8%
Q1 24	+4.9%	+4.7%
Q2 24	+6.8%	+6.0%
Q3 24	-2.4%	+0.9%
Q4 24	-5.4%	+1.0%
Q1 25	-2.5%	-2.9%
Q2 25	+3.5%	+5.0%
Q3 25	+16.1%	+13.6%
Q4 25	+15.7%	+14.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$9M	0.3%
Q2 22	$7M	0.3%
Q3 22	$12M	0.5%
Q4 22	$8M	0.3%
Q1 23	$12M	0.4%
Q2 23	$6M	0.2%
Q3 23	$9M	0.3%
Q4 23	$7M	0.2%
Q1 24	$14M	0.5%
Q2 24	-$7M	-0.2%
Q3 24	$8M	0.3%
Q4 24	$8M	0.3%
Q1 25	$24M	0.9%
Q2 25	$9M	0.3%
Q3 25	$10M	0.3%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A
Q1 22	—	$217M
Q2 22	—	$227M
Q3 22	—	$244M
Q4 22	—	$236M
Q1 23	—	$220M
Q2 23	—	$238M
Q3 23	—	$253M
Q4 23	$35M	$311M
Q1 24	—	$232M
Q2 24	—	$255M
Q3 24	—	$252M
Q4 24	$27M	$234M
Q1 25	—	$246M
Q2 25	—	$241M
Q3 25	—	$245M
Q4 25	—	$245M

Revenue Segments

Quarter	Ingalls	Mission Technologies	Newport News Shipbuilding
Q2 22	$656M	$546M	$1.4B
Q3 22	$618M	$552M	$1.4B
Q1 23	$575M	$570M	$1.5B
Q2 23	$664M	$645M	$1.5B
Q3 23	$711M	$685M	$1.5B
Q4 23	$802M	$799M	$1.7B
Q1 24	$655M	$750M	$1.4B
Q2 24	$712M	$765M	$1.5B
Q3 24	$664M	$709M	$1.4B
Q4 24	$736M	$713M	$1.6B
Q1 25	$637M	$701M	$1.4B
Q2 25	$724M	$791M	$1.6B
Q3 25	$828M	$787M	$1.6B
Q4 25	$889M	$765M	$1.9B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$330M	$0	$330M
Q2 22	$375M	$0	$375M
Q3 22	$117M	$0	$117M
Q4 22	$467M	$0	$467M
Q1 23	$318M	$0	$318M
Q2 23	$313M	$0	$313M
Q3 23	$109M	$0	$109M
Q4 23	$430M	$0	$430M
Q1 24	$10M	$0	$10M
Q2 24	$11M	$0	$11M
Q3 24	$10M	$0	$10M
Q4 24	$831M	$0	$831M
Q1 25	$167M	$0	$167M
Q2 25	$343M	$0	$343M
Q3 25	$312M	$0	$312M
Q4 25	$774M	$0	$774M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	40M	-0.2%	-0.5%
Q2 22	40M	+0.3%	-0.5%
Q3 22	40M	0.0%	-0.5%
Q4 22	40M	0.0%	0.0%
Q1 23	40M	-0.5%	-0.3%
Q2 23	40M	-0.3%	-0.7%
Q3 23	40M	+0.5%	-0.2%
Q4 23	40M	-0.8%	-1.0%
Q1 24	40M	-0.5%	-1.0%
Q2 24	40M	0.0%	-0.8%
Q3 24	40M	0.0%	-1.3%
Q4 24	39M	-1.0%	-1.5%
Q1 25	39M	+0.5%	-0.5%
Q2 25	39M	+0.3%	-0.3%
Q3 25	39M	0.0%	-0.3%
Q4 25	39M	0.0%	+0.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$58.5K	44K
Q2 22	$60.5K	44K
Q3 22	$59.7K	44K
Q4 22	$65.4K	43K
Q1 23	$62.2K	43K
Q2 23	$64.8K	43K
Q3 23	$65.5K	43K
Q4 23	$72.2K	44K
Q1 24	$63.8K	44K
Q2 24	$67.7K	44K
Q3 24	$62.5K	44K
Q4 24	$68.3K	44K
Q1 25	$62.1K	44K
Q2 25	$70.0K	44K
Q3 25	$72.5K	44K
Q4 25	$79.0K	44K

Revenue / Employee