NYSE: HII
Huntington Ingalls Industries
Industrials · Ship & Boat Building & Repairing
52-week range
$255.36$460.00
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$10.5B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $8.48B |
| FY2017, ended Dec 31, 2017 | $10.6B |
| FY2018, ended Dec 31, 2018 | $7.90B |
| FY2019, ended Dec 31, 2019 | $10.2B |
| FY2020, ended Dec 31, 2020 | $6.87B |
| FY2021, ended Dec 31, 2021 | $7.47B |
| FY2022, ended Dec 31, 2022 | $9.19B |
| FY2023, ended Dec 31, 2023 | $10.3B |
| FY2024, ended Dec 31, 2024 | $7.39B |
| FY2025, ended Dec 31, 2025 | $13.3B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $10.5B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$13.5B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $7.07B |
| FY2017, ended Dec 31, 2017 | $7.44B |
| FY2018, ended Dec 31, 2018 | $8.18B |
| FY2019, ended Dec 31, 2019 | $8.90B |
| FY2020, ended Dec 31, 2020 | $9.36B |
| FY2021, ended Dec 31, 2021 | $9.52B |
| FY2022, ended Dec 31, 2022 | $10.7B |
| FY2023, ended Dec 31, 2023 | $11.5B |
| FY2024, ended Dec 31, 2024 | $11.5B |
| FY2025, ended Dec 31, 2025 | $12.5B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $13.5B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $573M | $537M |
| FY2017, ended Dec 31, 2017 | $479M | $432M |
| FY2018, ended Dec 31, 2018 | $836M | $451M |
| FY2019, ended Dec 31, 2019 | $549M | $366M |
| FY2020, ended Dec 31, 2020 | $696M | $740M |
| FY2021, ended Dec 31, 2021 | $544M | $429M |
| FY2022, ended Dec 31, 2022 | $579M | $482M |
| FY2023, ended Dec 31, 2023 | $681M | $678M |
| FY2024, ended Dec 31, 2024 | $550M | $26.0M |
| FY2025, ended Dec 31, 2025 | $605M | $794M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $733M | $327M |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$387M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $720M |
| FY2017, ended Dec 31, 2017 | $701M |
| FY2018, ended Dec 31, 2018 | $240M |
| FY2019, ended Dec 31, 2019 | $75.0M |
| FY2020, ended Dec 31, 2020 | $512M |
| FY2021, ended Dec 31, 2021 | $627M |
| FY2022, ended Dec 31, 2022 | $467M |
| FY2023, ended Dec 31, 2023 | $430M |
| FY2024, ended Dec 31, 2024 | $831M |
| FY2025, ended Dec 31, 2025 | $774M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $387M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$2.70B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $1.28B |
| FY2017, ended Dec 31, 2017 | $1.28B |
| FY2018, ended Dec 31, 2018 | $1.28B |
| FY2019, ended Dec 31, 2019 | $1.29B |
| FY2020, ended Dec 31, 2020 | $1.69B |
| FY2021, ended Dec 31, 2021 | $3.30B |
| FY2022, ended Dec 31, 2022 | $2.90B |
| FY2023, ended Dec 31, 2023 | $2.44B |
| FY2024, ended Dec 31, 2024 | $3.20B |
| FY2025, ended Dec 31, 2025 | $2.70B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $2.70B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 14.4% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.39.4M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 46.0M |
| FY2017, ended Dec 31, 2017 | 44.8M |
| FY2018, ended Dec 31, 2018 | 41.5M |
| FY2019, ended Dec 31, 2019 | 40.8M |
| FY2020, ended Dec 31, 2020 | 40.3M |
| FY2021, ended Dec 31, 2021 | 40.0M |
| FY2022, ended Dec 31, 2022 | 39.9M |
| FY2023, ended Dec 31, 2023 | 39.6M |
| FY2024, ended Dec 31, 2024 | 39.1M |
| FY2025, ended Dec 31, 2025 | 39.2M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 39.4M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $58.0M more issued than bought back
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $194M | $36.0M |
| FY2017, ended Dec 31, 2017 | $286M | $34.0M |
| FY2018, ended Dec 31, 2018 | $742M | $36.0M |
| FY2019, ended Dec 31, 2019 | $262M | $30.0M |
| FY2020, ended Dec 31, 2020 | $84.0M | $23.0M |
| FY2021, ended Dec 31, 2021 | $101M | $33.0M |
| FY2022, ended Dec 31, 2022 | $52.0M | $36.0M |
| FY2023, ended Dec 31, 2023 | $75.0M | $34.0M |
| FY2024, ended Dec 31, 2024 | $162M | $23.0M |
| FY2025, ended Dec 31, 2025 | — | $54.0M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | — | $58.0M |
Revenue (TTM)
$13.5B
+12.6% YoY
Net income (TTM)
$733M
+28.8% YoY
Cash
$387M
+24.0% YoY
Total debt
$2.70B
+0.2% YoY
Valuation
At current price- Market Cap
- $12.5B
- P/E
- 17.0×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 0.9×
- Price / Book
- 2.3×
- EV / EBITDA
- 13.5×
Growth
Trailing 12 months- Revenue (TTM)
- $13.5B
- Revenue Growth YoY
- 12.6%
- Revenue CAGR 3Y
- 5.4%
- Revenue CAGR 5Y
- 5.9%
- EPS Growth YoY
- 28.1%
- Net Income Growth YoY
- 28.8%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- 5.8%
- Net Margin
- 5.4%
- FCF Margin
- 2.4%
- Return on Equity
- 14.0%
Earnings
Trailing 12 months- Net Income
- $733M
- EPS (diluted)
- $18.57
- EBITDA
- $1.10B
- Operating Income
- $783M
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $387M
- Total Debt
- $2.70B
- Net Debt
- $2.32B
- Total Assets
- $13.0B
- Total Liabilities
- $7.49B
- Shareholders' Equity
- $5.49B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $749M
- Capital Expenditure
- $422M
- Free Cash Flow
- $327M
Dividends and risk
Last 12 months- Dividend Yield
- 1.7%
- Dividend / Share
- $5.52
- Beta (5Y)
- 0.21
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 12.6% year over year, at $13.5B.
Note
Net margin of 5.4% over the last 12 months.
Note
Net debt of $2.32B is 2.1× EBITDA.
Note
Free cash flow of $327M, 2.4% of revenue.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 29, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K69Mildly positive
69Mildly positive
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 5, 2026 · Read the filing on EDGAR
- Revenue rose 8% to $12.48 billion, operating income rose 23% to $657 million, and net earnings rose 10% to $605 million.
- Free cash flow jumped to $800 million from $40 million, largely on the timing of billings, lower cash taxes and higher earnings.
- Backlog reached $53.1 billion, up from $48.7 billion, helped by $16.9 billion of new contract awards.
- Newport News still reports performance problems on carriers and Virginia class submarines, with significant unfavorable adjustments offset by contract incentives.
Business momentum
Strong improvement
“Sales and service revenues for the year ended December 31, 2025, increased $949 million, or 8%, compared to the same period in 2024, due to higher volumes at Newport News, Ingalls, and Mission Technologies.”
Outlook
Cautious
“we continue to see uncertainty in the economy, our industry, and our company”
Financial stress
Low
“We expect cash generated from operations in 2026, in combination with our current cash and cash equivalents, as well as existing borrowing facilities, to be sufficient to service debt and retiree benefit plans, meet contractual obligations, and fund capital expenditures”
Tone against the previous report
More positive
Red flags
- Minor
Other
“In 2025, we reached agreement with the U.S. Coast Guard to terminate production and delivery of the 11th and final ship.”
Positives
Backlog grew to a larger base of future work
“Total backlog as of December 31, 2025 and 2024, was approximately $53.1 billion and $48.7 billion, respectively.”
Free cash flow recovered sharply
“Free cash flow in 2025 increased $760 million from 2024, primarily due to a favorable change in trade working capital driven by the timing of billings across programs, lower cash paid for income taxes, and higher earnings, partially offset by higher capital expenditures.”
Largest segment's profit recovered
“Newport News segment operating income in 2025 was $331 million, compared to segment operating income of $246 million in 2024.”
Concerns
Ongoing carrier and submarine performance problems at Newport News
“The Company’s Newport News segment continues to experience performance challenges in the construction of aircraft carriers and the Virginia class (SSN 774) submarine program.”
Persistent difficulty hiring and keeping skilled workers
“We have experienced, and expect to continue to experience, significant challenges hiring and retaining personnel with relevant qualifications and experience”
Supply chain delays from labor shortages
“Labor shortages and retention are also impacting our supply chain, resulting in longer lead times for materials, parts, and other supplies.”
New risks since the previous report
Government efficiency efforts forcing price cuts on federal civilian contracts
“We have experienced price adjustments and renegotiations of certain of these contracts”
Pentagon favoring privately funded, non-traditional defense contractors
“If we cannot adapt successfully to changing acquisition processes or if the Department significantly favors privately funded, non-traditional defense contractors or increases cost sharing mandates, we may lose new business opportunities”
Military strategy shift away from large ships such as carriers
“future strategy reassessments by the Department may result in decreased demand for our shipbuilding programs, including our aircraft carrier programs”
Flawed or poorly governed use of artificial intelligence tools
“There is inherent risk and uncertainty involved in using AI and we cannot provide assurances that our use of AI will enhance our products or services, produce the intended results, or keep pace with our competitors.”
Tariffs and immigration policy adding economic uncertainty
“The economic and policy environment remains fluid, with the main variables revolving around tariffs and immigration.”
Biggest risks named
- Dependence on U.S. Government funding, priorities and budget delays
- Cost growth and estimate changes on long-term ship contracts
- Skilled labor shortages and weak workforce performance
- Supplier disruptions and sole-source parts
- Inability to expand shipbuilding capacity cost-effectively
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | −2 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | −0.9 | |
| New risks | −2 | |
| Score | 69 | |
Written by AI (Claude Opus 5.5) from the report’s text. 15 of 15 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 29, 2026 | Pro | |||
| 10-K | Feb 5, 2026 | 69 | Strong improvement | 1 minor | |
| 10-K | Feb 6, 2025 | 49 | Mixed | 1 medium | |
| 10-K | Feb 1, 2024 | 68 | Strong improvement | None | |
| 10-K | Feb 9, 2023 | 62 | Improving | 1 minor | |
| 10-K | Feb 10, 2022 | 49 | Mixed | 1 medium2 minor | |
| 10-K | Feb 11, 2021 | 50 | Mixed | 1 medium1 minor | |
| 10-K | Feb 13, 2020 | 50 | Mixed | 1 medium1 minor | |
| 10-K | Feb 14, 2019 | 53 | Mixed | 1 minor | |
| 10-K | Feb 15, 2018 | 53 | Mixed | 1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 29, 2026. View filings on SEC EDGAR