Huntington Ingalls Industries (HII) Financials

$320.88 +0.25 (+0.08%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$318.06 -2.82 (-0.88%)

As of 05/22/2026 08:00 PM Eastern

Annual Income Statements for Huntington Ingalls Industries

This table shows Huntington Ingalls Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	404	573	479	836	549	696	544	579	681	550	605
Consolidated Net Income / (Loss)	404	573	479	836	549	696	544	579	681	550	605
Net Income / (Loss) Continuing Operations	404	573	479	836	549	696	544	579	681	550	605
Total Pre-Tax Income	632	784	772	971	683	810	622	719	853	643	777
Total Operating Income	759	870	869	934	736	799	513	565	781	535	657
Total Gross Profit	1,503	1,623	1,628	1,791	1,531	1,670	1,368	1,440	1,646	1,450	1,585
Total Revenue	7,020	7,068	7,441	8,176	8,899	9,361	9,524	10,676	11,454	11,535	12,484
Operating Revenue	7,020	7,068	7,441	8,176	8,899	9,361	9,524	10,676	11,454	11,535	12,484
Total Cost of Revenue	5,517	5,445	5,813	6,385	7,368	7,691	8,156	9,236	9,808	10,085	10,899
Operating Cost of Revenue	5,517	5,445	5,813	6,385	7,368	7,691	8,156	9,236	9,808	10,085	10,899
Total Operating Expenses	744	753	759	857	795	871	855	875	865	915	928
Selling, General & Admin Expense	669	768	759	871	788	904	898	924	1,022	973	977
Other Operating Expenses / (Income)	0.00	-15	-	-14	-22	-33	-43	-49	-157	-58	-49
Impairment Charge	75	0.00	-	0.00	29	0.00	0.00	0.00	0.00	0.00	0.00
Total Other Income / (Expense), net	-127	-86	-97	37	-53	11	109	154	72	108	120
Interest Expense	137	74	94	58	70	114	89	102	95	95	105
Interest & Investment Income	10	6.00	12	17	12	-	181	276	148	179	190
Other Income / (Expense), net	0.00	-18	-15	78	5.00	125	17	-20	19	24	35
Income Tax Expense	228	211	293	135	134	114	78	140	172	93	172
Basic Earnings per Share	$8.43	$12.24	$10.48	$19.09	$13.26	$17.14	$13.50	$14.44	$17.07	$13.96	$15.39
Weighted Average Basic Shares Outstanding	47.90M	46.80M	45.70M	43.80M	41.40M	40.60M	40.30M	40.10M	39.90M	39.40M	39.30M
Diluted Earnings per Share	$8.36	$12.14	$10.46	$19.09	$13.26	$17.14	$13.50	$14.44	$17.07	$13.96	$15.39
Weighted Average Diluted Shares Outstanding	48.30M	47.20M	45.80M	43.80M	41.40M	40.60M	40.30M	40.10M	39.90M	39.40M	39.30M
Weighted Average Basic & Diluted Shares Outstanding	47.90M	46.80M	45.70M	43.80M	40.76M	40.32M	39.99M	39.86M	39.59M	39.13M	39.24M
Cash Dividends to Common per Share	$1.70	$2.10	$2.52	$3.02	$3.61	$4.23	$4.60	$4.78	$5.02	$5.25	$5.43

This table shows Huntington Ingalls Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	148	274	153	173	101	123	149	152	145	159	149
Consolidated Net Income / (Loss)	148	274	153	173	101	123	149	152	145	159	149
Net Income / (Loss) Continuing Operations	148	274	153	173	101	123	149	152	145	159	149
Total Pre-Tax Income	189	332	184	216	112	131	187	188	204	198	188
Total Operating Income	172	312	154	189	82	110	161	163	161	172	155
Total Gross Profit	416	491	375	432	322	321	394	395	394	402	408
Total Revenue	2,816	3,177	2,805	2,977	2,749	3,004	2,734	3,082	3,192	3,476	3,099
Operating Revenue	2,816	3,177	2,805	2,977	2,749	3,004	2,734	3,082	3,192	3,476	3,099
Total Cost of Revenue	2,400	2,686	2,430	2,545	2,427	2,683	2,340	2,687	2,798	3,074	2,691
Operating Cost of Revenue	2,400	2,686	2,430	2,545	2,427	2,683	2,340	2,687	2,798	3,074	2,691
Total Operating Expenses	244	179	220	244	240	211	233	233	233	229	253
Selling, General & Admin Expense	253	311	232	255	252	234	246	241	245	245	258
Other Operating Expenses / (Income)	-9.00	-132	-12	-11	-12	-23	-13	-8.00	-12	-16	-5.00
Total Other Income / (Expense), net	17	20	30	27	30	21	26	25	43	26	33
Interest Expense	22	25	21	24	23	27	28	28	23	26	22
Interest & Investment Income	37	37	44	46	44	45	48	47	48	47	53
Other Income / (Expense), net	2.00	8.00	7.00	5.00	9.00	3.00	6.00	6.00	18	5.00	2.00
Income Tax Expense	41	58	31	43	11	8.00	38	36	59	39	39
Basic Earnings per Share	$3.70	$6.87	$3.87	$4.38	$2.56	$3.15	$3.79	$3.86	$3.69	$4.05	$3.79
Weighted Average Basic Shares Outstanding	40M	39.90M	39.50M	39.50M	39.50M	39.40M	39.30M	39.40M	39.30M	39.30M	39.30M
Diluted Earnings per Share	$3.70	$6.87	$3.87	$4.38	$2.56	$3.15	$3.79	$3.86	$3.68	$4.06	$3.79
Weighted Average Diluted Shares Outstanding	40M	39.90M	39.50M	39.50M	39.50M	39.40M	39.30M	39.40M	39.40M	39.30M	39.30M
Weighted Average Basic & Diluted Shares Outstanding	79.45M	39.59M	78.87M	78.43M	39.13M	39.13M	39.24M	39.24M	39.24M	39.24M	39.40M
Cash Dividends to Common per Share	$1.24	-	$1.30	$1.30	$1.30	-	$1.35	$1.35	$1.35	-	$1.38

This table details how cash moves in and out of Huntington Ingalls Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-96	-174	-19	-461	-165	437	115	-160	-37	401	-57
Net Cash From Operating Activities	861	822	814	914	896	1,093	760	766	970	393	1,196
Net Cash From Continuing Operating Activities	861	822	814	914	896	1,093	760	766	970	393	1,196
Net Income / (Loss) Continuing Operations	404	573	479	836	549	696	544	579	681	550	605
Consolidated Net Income / (Loss)	404	573	479	836	549	696	544	579	681	550	605
Depreciation Expense	154	163	165	167	180	191	207	218	219	217	225
Amortization Expense	34	28	46	40	50	63	94	140	128	109	104
Non-Cash Adjustments To Reconcile Net Income	173	16	161	-215	91	73	31	146	-257	-135	-32
Changes in Operating Assets and Liabilities, net	96	42	-37	86	26	70	-116	-317	199	-348	294
Net Cash From Investing Activities	-141	-653	-349	-476	-627	-759	-1,954	-268	-236	-348	-521
Net Cash From Continuing Investing Activities	-141	-653	-349	-476	-635	-759	-1,954	-268	-236	-348	-521
Purchase of Property, Plant & Equipment	-188	-285	-382	-463	-530	-353	-331	-272	-292	-367	-396
Acquisitions	-6.00	-372	-	-77	-195	-417	-1,643	0.00	0.00	0.00	-132
Divestitures	-	-	3.00	-	0.00	0.00	20	0.00	0.00	0.00	0.00
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	6.00	63	0.00	5.00
Other Investing Activities, net	21	0.00	21	51	90	11	0.00	-2.00	-7.00	19	2.00
Net Cash From Financing Activities	-816	-343	-484	-899	-434	103	1,309	-658	-771	356	-732
Net Cash From Continuing Financing Activities	-816	-343	-484	-899	-434	103	1,309	-658	-771	356	-732
Repayment of Debt	-1,049	0.00	-627	-95	-5,119	-1,013	-47	-424	-483	-293	-505
Repurchase of Common Equity	-232	-194	-286	-742	-262	-84	-101	-52	-75	-162	0.00
Payment of Dividends	-81	-98	-115	-132	-149	-172	-186	-192	-200	-206	-213
Issuance of Debt	600	0.00	600	95	5,119	1,385	1,650	24	0.00	1,042	0.00
Other Financing Activities, net	-54	-51	-56	-25	-23	-13	-7.00	-14	-13	-25	-14
Cash Interest Paid	96	71	72	62	75	89	76	100	101	101	108

This table details how cash moves in and out of Huntington Ingalls Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-204	321	-420	1.00	-1.00	821	-664	176	-31	462	-558
Net Cash From Operating Activities	335	562	-202	-9.00	213	391	-395	823	118	650	-390
Net Cash From Continuing Operating Activities	335	562	-202	-9.00	213	391	-395	823	118	650	-390
Net Income / (Loss) Continuing Operations	148	274	153	173	101	123	149	152	145	159	149
Consolidated Net Income / (Loss)	148	274	153	173	101	123	149	152	145	159	149
Depreciation Expense	53	56	53	53	54	57	54	56	54	61	55
Amortization Expense	32	32	27	25	28	27	25	27	26	26	21
Non-Cash Adjustments To Reconcile Net Income	-20	-230	-116	-41	-18	42	-310	214	-60	124	-204
Changes in Operating Assets and Liabilities, net	122	430	-319	-219	48	142	-313	374	-47	280	-411
Net Cash From Investing Activities	-41	-125	-71	-91	-76	-110	-199	-92	-96	-134	-71
Net Cash From Continuing Investing Activities	-41	-125	-77	-94	-67	-110	-199	-98	-90	-134	-71
Purchase of Property, Plant & Equipment	-53	-128	-81	-93	-79	-114	-67	-102	-99	-128	-74
Acquisitions	-	-	0.00	-	-	-	-133	-	1.00	-	0.00
Divestitures	-	-	0.00	-	-	-	1.00	-1.00	-	-	0.00
Sale and/or Maturity of Investments	-	2.00	0.00	-	-	-	0.00	-	5.00	-	0.00
Other Investing Activities, net	12	1.00	4.00	-1.00	12	4.00	0.00	5.00	3.00	-6.00	3.00
Net Cash From Financing Activities	-498	-116	-147	101	-138	540	-70	-555	-53	-54	-97
Net Cash From Continuing Financing Activities	-496	-118	-141	101	-138	534	-70	-551	-63	-54	-97
Repayment of Debt	-424	-29	-162	-106	-7.00	-18	-3.00	-498	-10	-	-15
Repurchase of Common Equity	-21	-38	-62	-65	-35	-	0.00	-	-	-	0.00
Payment of Dividends	-50	-51	-51	-51	-52	-52	-53	-53	-53	-54	-54
Issuance of Debt	-	-	159	323	-44	604	0.00	-	-	-	15
Issuance of Common Equity	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Other Financing Activities, net	-1.00	-	-25	-	-	-	-14	-	-	-	-43
Cash Interest Paid	12	38	10	41	15	35	8.00	34	44	22	35
Cash Income Taxes Paid	55	-227	0.00	157	13	-170	0.00	55	16	-	0.00

This table presents Huntington Ingalls Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	6,024	6,352	6,374	6,383	7,031	8,157	10,627	10,857	11,215	12,141	12,749
Total Current Assets	2,284	2,142	2,195	1,745	1,785	2,444	2,790	2,746	2,880	3,228	3,451
Cash & Equivalents	894	720	701	240	75	512	627	467	430	831	774
Accounts Receivable	1,074	1,164	429	252	318	397	433	636	461	212	339
Inventories, net	285	210	183	128	136	137	161	183	186	208	219
Prepaid Expenses	31	48	123	27	24	45	50	50	83	90	77
Current Deferred & Refundable Income Taxes	0.00	0.00	0.00	94	148	171	209	170	183	204	284
Other Current Assets	-	-	759	1,003	989	1,049	1,310	1,240	1,537	1,683	1,758
Other Current Nonoperating Assets	-	-	-	1.00	95	133	-	-	-	-	0.00
Plant, Property, & Equipment, net	1,827	1,986	2,215	2,517	2,832	2,978	3,107	3,198	3,296	3,450	3,726
Total Noncurrent Assets	1,913	2,224	1,964	2,121	2,414	2,735	4,730	4,913	5,039	5,463	5,572
Goodwill	956	1,234	1,217	1,263	1,373	1,617	2,628	2,618	2,618	2,618	2,650
Intangible Assets	495	548	508	492	492	512	1,159	1,019	891	782	694
Employee Benefit Assets	0.00	0.00	0.00	-	0.00	0.00	281	600	888	1,422	1,544
Other Noncurrent Operating Assets	126	128	125	203	441	473	662	676	642	641	684
Total Liabilities & Shareholders' Equity	6,024	6,352	6,374	6,383	7,031	8,157	10,627	10,857	11,215	12,141	12,749
Total Liabilities	4,534	4,699	4,616	4,867	5,443	6,256	7,819	7,368	7,122	7,475	7,676
Total Current Liabilities	1,274	1,343	1,391	1,829	1,890	2,226	2,427	2,895	3,032	2,991	3,045
Short-Term Debt	0.00	0.00	0.00	-	0.00	0.00	0.00	399	231	503	0.00
Accounts Payable	317	316	375	562	497	460	603	642	554	598	556
Current Deferred Revenue	125	166	146	331	373	585	-	-	-	-	1,220
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	-	0.00
Current Employee Benefit Liabilities	585	605	634	604	620	651	750	708	735	717	779
Other Current Liabilities	-	-	-	-	-	-	1,074	1,146	1,512	1,173	490
Other Current Nonoperating Liabilities	-	-	-	-	77	68	-	-	-	-	0.00
Total Noncurrent Liabilities	3,260	3,356	3,225	3,038	3,553	4,030	5,392	4,473	4,090	4,484	4,631
Long-Term Debt	1,273	1,278	1,279	1,283	1,286	1,686	3,298	2,506	2,214	2,700	2,700
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	313	418	367	378	572
Noncurrent Employee Benefit Liabilities	1,884	1,988	1,845	1,566	1,812	1,872	1,225	937	902	794	797
Other Noncurrent Operating Liabilities	103	90	101	189	455	472	556	612	607	612	562
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,490	1,653	1,758	1,516	1,588	1,901	2,808	3,489	4,093	4,666	5,073
Total Preferred & Common Equity	1,490	1,653	1,758	1,516	1,588	1,901	2,808	3,489	4,093	4,666	5,073
Total Common Equity	1,490	1,653	1,758	1,516	1,588	1,901	2,808	3,489	4,093	4,666	5,073
Common Stock	1,979	1,965	1,943	1,955	1,962	1,973	1,999	2,023	2,046	2,046	2,088
Retained Earnings	848	1,323	1,687	2,609	3,009	3,533	3,891	4,276	4,755	5,097	5,487
Treasury Stock	-492	-684	-972	-1,760	-1,974	-2,058	-2,159	-2,211	-2,286	-2,449	-2,449
Accumulated Other Comprehensive Income / (Loss)	-845	-951	-900	-1,288	-1,409	-1,547	-923	-599	-422	-28	-53

This table presents Huntington Ingalls Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	10,859	10,621	11,215	11,167	11,310	11,082	12,141	12,103	12,098	12,309	12,533
Total Current Assets	2,817	2,587	2,880	2,833	2,912	2,629	3,228	3,042	2,973	3,078	3,217
Cash & Equivalents	313	109	430	10	11	10	831	167	343	312	216
Accounts Receivable	786	698	461	718	706	436	212	387	377	374	406
Inventories, net	190	194	186	199	198	205	208	215	215	221	230
Prepaid Expenses	78	106	83	105	106	91	90	105	74	75	98
Current Deferred & Refundable Income Taxes	184	180	183	140	197	173	204	151	153	227	278
Other Current Assets	1,266	1,300	1,537	1,661	1,694	1,714	1,683	2,017	1,811	1,869	1,989
Other Current Nonoperating Assets	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Plant, Property, & Equipment, net	3,196	3,201	3,296	3,298	3,342	3,384	3,450	3,540	3,576	3,635	3,742
Total Noncurrent Assets	4,846	4,833	5,039	5,036	5,056	5,069	5,463	5,521	5,549	5,596	5,574
Goodwill	2,618	2,618	2,618	2,618	2,618	2,618	2,618	2,651	2,651	2,650	2,650
Intangible Assets	955	923	891	864	837	809	782	757	746	720	673
Employee Benefit Assets	646	670	888	920	952	985	1,422	1,457	1,492	1,526	1,586
Other Noncurrent Operating Assets	627	622	642	634	649	657	641	656	660	700	665
Total Liabilities & Shareholders' Equity	10,859	10,621	11,215	11,167	11,310	11,082	12,141	12,103	12,098	12,309	12,533
Total Liabilities	7,213	6,888	7,122	7,041	7,132	6,879	7,475	7,330	7,216	7,325	7,386
Total Current Liabilities	2,927	2,817	3,032	2,948	3,563	3,336	2,991	2,856	2,750	2,702	2,702
Short-Term Debt	484	255	231	203	942	898	503	503	3.00	0.00	0.00
Accounts Payable	519	535	554	608	652	579	598	602	650	680	692
Current Deferred Revenue	-	-	-	-	-	-	-	-	-	893	822
Current Deferred & Payable Income Tax Liabilities	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Current Employee Benefit Liabilities	708	718	735	696	708	698	717	655	711	697	683
Other Current Liabilities	833	878	1,512	936	886	743	1,173	647	969	432	505
Other Current Nonoperating Liabilities	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Total Noncurrent Liabilities	4,286	4,071	4,090	4,093	3,569	3,543	4,484	4,474	4,466	4,623	4,684
Long-Term Debt	2,396	2,213	2,214	2,235	1,715	1,709	2,700	2,699	2,700	2,698	2,701
Noncurrent Deferred & Payable Income Tax Liabilities	359	341	367	351	341	316	378	367	359	501	615
Noncurrent Employee Benefit Liabilities	940	928	902	904	902	899	794	797	790	788	796
Other Noncurrent Operating Liabilities	591	589	607	603	611	619	612	611	617	636	572
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,646	3,733	4,093	4,126	4,178	4,203	4,666	4,773	4,882	4,984	5,147
Total Preferred & Common Equity	3,646	3,733	4,093	4,126	4,178	4,203	4,666	4,773	4,882	4,984	5,147
Total Common Equity	3,646	3,733	4,093	4,126	4,178	4,203	4,666	4,773	4,882	4,984	5,147
Common Stock	2,031	2,039	2,046	2,039	2,030	2,038	2,046	2,058	2,067	2,077	2,071
Retained Earnings	4,434	4,532	4,755	4,855	4,977	5,026	5,097	5,191	5,290	5,382	5,577
Treasury Stock	-2,227	-2,248	-2,286	-2,349	-2,414	-2,449	-2,449	-2,449	-2,449	-2,449	-2,449
Accumulated Other Comprehensive Income / (Loss)	-592	-590	-422	-419	-415	-412	-28	-27	-26	-26	-52

This table displays calculated financial ratios and metrics derived from Huntington Ingalls Industries' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.91%	0.68%	5.28%	9.88%	8.84%	5.19%	1.74%	12.10%	7.29%	0.71%	8.23%
EBITDA Growth	11.41%	10.14%	2.11%	14.46%	-20.34%	21.32%	-29.46%	8.66%	27.02%	-22.84%	15.37%
EBIT Growth	17.67%	12.25%	0.23%	18.50%	-26.78%	24.70%	-42.64%	2.83%	46.79%	-30.13%	23.79%
NOPAT Growth	13.01%	31.05%	-15.20%	49.14%	-26.43%	16.05%	-34.65%	1.41%	37.04%	-26.61%	11.79%
Net Income Growth	19.53%	41.83%	-16.40%	74.53%	-34.33%	26.78%	-21.84%	6.43%	17.62%	-19.24%	10.00%
EPS Growth	21.87%	45.22%	-13.84%	82.50%	-30.54%	29.26%	-21.24%	6.96%	18.21%	-18.22%	10.24%
Operating Cash Flow Growth	14.04%	-4.53%	-0.97%	12.29%	-1.97%	21.99%	-30.47%	0.79%	26.63%	-59.48%	204.33%
Free Cash Flow Firm Growth	3.10%	-55.56%	40.95%	40.55%	-36.68%	24.13%	-541.56%	100.35%	6,234.27%	-206.75%	216.55%
Invested Capital Growth	-8.61%	18.30%	5.65%	9.50%	8.72%	8.23%	82.03%	8.18%	3.05%	15.23%	-0.55%
Revenue Q/Q Growth	-0.31%	0.24%	1.00%	2.55%	2.45%	3.83%	-0.83%	1.28%	3.29%	-1.48%	3.93%
EBITDA Q/Q Growth	0.42%	14.36%	-3.27%	-0.08%	-2.12%	17.21%	-19.94%	-8.14%	29.31%	-19.84%	7.02%
EBIT Q/Q Growth	-0.26%	18.01%	-4.69%	0.60%	-5.24%	22.22%	-30.08%	-12.24%	50.66%	-27.02%	10.19%
NOPAT Q/Q Growth	-0.91%	26.55%	-20.03%	14.92%	-5.79%	14.52%	-26.33%	-2.54%	37.69%	-25.24%	7.28%
Net Income Q/Q Growth	-0.49%	34.51%	-21.73%	21.51%	-10.29%	16.78%	-19.17%	0.52%	28.49%	-21.54%	6.33%
EPS Q/Q Growth	0.36%	34.59%	-21.00%	22.45%	-9.05%	17.56%	-19.11%	0.63%	28.73%	-21.04%	6.28%
Operating Cash Flow Q/Q Growth	-0.92%	-9.67%	12.28%	30.57%	-8.38%	3.41%	-30.34%	75.69%	-3.87%	-30.32%	27.64%
Free Cash Flow Firm Q/Q Growth	-33.99%	-55.10%	173.89%	273.83%	-17.15%	-3.78%	-102.03%	101.36%	49.58%	-392.72%	690.97%
Invested Capital Q/Q Growth	-12.01%	12.12%	-6.37%	-15.83%	-13.69%	-10.04%	10.58%	-0.13%	0.26%	3.50%	-5.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.41%	22.96%	21.88%	21.91%	17.20%	17.84%	14.36%	13.49%	14.37%	12.57%	12.70%
EBITDA Margin	13.49%	14.76%	14.31%	14.91%	10.91%	12.58%	8.73%	8.46%	10.01%	7.67%	8.18%
Operating Margin	10.81%	12.31%	11.68%	11.42%	8.27%	8.54%	5.39%	5.29%	6.82%	4.64%	5.26%
EBIT Margin	10.81%	12.05%	11.48%	12.38%	8.33%	9.87%	5.56%	5.10%	6.98%	4.85%	5.54%
Profit (Net Income) Margin	5.76%	8.11%	6.44%	10.23%	6.17%	7.44%	5.71%	5.42%	5.95%	4.77%	4.85%
Tax Burden Percent	63.92%	73.09%	62.05%	86.10%	80.38%	85.93%	87.46%	80.53%	79.84%	85.54%	77.86%
Interest Burden Percent	83.27%	92.02%	90.40%	95.95%	92.17%	87.66%	117.36%	131.93%	106.63%	115.03%	112.28%
Effective Tax Rate	36.08%	26.91%	37.95%	13.90%	19.62%	14.07%	12.54%	19.47%	20.16%	14.46%	22.14%
Return on Invested Capital (ROIC)	24.79%	31.17%	23.72%	32.86%	22.16%	23.71%	10.57%	7.98%	10.36%	6.96%	7.29%
ROIC Less NNEP Spread (ROIC-NNEP)	9.46%	17.75%	13.12%	36.80%	18.35%	24.53%	15.61%	12.83%	12.94%	11.17%	11.64%
Return on Net Nonoperating Assets (RNNOA)	3.51%	5.29%	4.37%	18.21%	13.21%	16.19%	12.53%	10.41%	7.60%	5.60%	5.14%
Return on Equity (ROE)	28.30%	36.46%	28.09%	51.07%	35.37%	39.90%	23.10%	18.39%	17.96%	12.56%	12.42%
Cash Return on Invested Capital (CROIC)	33.79%	14.40%	18.22%	23.79%	13.81%	15.80%	-47.60%	0.12%	7.35%	-7.19%	7.84%
Operating Return on Assets (OROA)	12.38%	13.77%	13.42%	15.87%	11.05%	12.17%	5.64%	5.07%	7.25%	4.79%	5.56%
Return on Assets (ROA)	6.59%	9.26%	7.53%	13.11%	8.19%	9.17%	5.79%	5.39%	6.17%	4.71%	4.86%
Return on Common Equity (ROCE)	28.30%	36.46%	28.09%	51.07%	35.37%	39.90%	23.10%	18.39%	17.96%	12.56%	12.42%
Return on Equity Simple (ROE_SIMPLE)	27.11%	34.66%	27.25%	55.15%	34.57%	36.61%	19.37%	16.60%	16.64%	11.79%	0.00%
Net Operating Profit after Tax (NOPAT)	485	636	539	804	592	687	449	455	624	458	512
NOPAT Margin	6.91%	9.00%	7.25%	9.84%	6.65%	7.33%	4.71%	4.26%	5.44%	3.97%	4.10%
Net Nonoperating Expense Percent (NNEP)	15.33%	13.42%	10.60%	-3.93%	3.81%	-0.82%	-5.04%	-4.85%	-2.58%	-4.21%	-4.35%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.12%	9.54%	5.82%	6.58%
Cost of Revenue to Revenue	78.59%	77.04%	78.12%	78.09%	82.80%	82.16%	85.64%	86.51%	85.63%	87.43%	87.30%
SG&A Expenses to Revenue	9.53%	10.87%	10.20%	10.65%	8.85%	9.66%	9.43%	8.65%	8.92%	8.44%	7.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.60%	10.65%	10.20%	10.48%	8.93%	9.30%	8.98%	8.20%	7.55%	7.93%	7.43%
Earnings before Interest and Taxes (EBIT)	759	852	854	1,012	741	924	530	545	800	559	692
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	947	1,043	1,065	1,219	971	1,178	831	903	1,147	885	1,021
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.42	4.48	5.33	4.79	5.84	3.36	2.52	2.52	2.47	1.58	2.63
Price to Tangible Book Value (P/TBV)	130.75	0.00	283.70	0.00	0.00	0.00	0.00	0.00	17.29	5.84	7.72
Price to Revenue (P/Rev)	0.73	1.05	1.26	0.89	1.04	0.68	0.74	0.83	0.88	0.64	1.07
Price to Earnings (P/E)	12.62	12.93	19.55	8.69	16.89	9.17	13.02	15.21	14.83	13.44	22.06
Dividend Yield	1.57%	1.31%	1.22%	1.79%	1.59%	2.68%	2.60%	2.17%	1.97%	2.78%	1.60%
Earnings Yield	7.92%	7.74%	5.12%	11.50%	5.92%	10.90%	7.68%	6.57%	6.74%	7.44%	4.53%
Enterprise Value to Invested Capital (EV/IC)	2.93	3.60	4.26	3.25	3.77	2.51	1.78	1.90	1.98	1.39	2.18
Enterprise Value to Revenue (EV/Rev)	0.78	1.13	1.34	1.02	1.18	0.81	1.02	1.05	1.06	0.85	1.22
Enterprise Value to EBITDA (EV/EBITDA)	5.78	7.64	9.33	6.82	10.80	6.42	11.73	12.45	10.56	11.04	14.96
Enterprise Value to EBIT (EV/EBIT)	7.22	9.35	11.64	8.21	14.15	8.18	18.40	20.64	15.14	17.47	22.07
Enterprise Value to NOPAT (EV/NOPAT)	11.29	12.53	18.44	10.33	17.72	11.01	21.73	24.72	19.43	21.34	29.85
Enterprise Value to Operating Cash Flow (EV/OCF)	6.36	9.69	12.21	9.09	11.70	6.91	12.83	14.68	12.49	24.85	12.77
Enterprise Value to Free Cash Flow (EV/FCFF)	8.29	27.11	24.00	14.27	28.44	16.52	0.00	1,609.88	27.37	0.00	27.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.85	0.77	0.73	0.85	0.81	0.89	1.17	0.83	0.60	0.69	0.53
Long-Term Debt to Equity	0.85	0.77	0.73	0.85	0.81	0.89	1.17	0.72	0.54	0.58	0.53
Financial Leverage	0.37	0.30	0.33	0.49	0.72	0.66	0.80	0.81	0.59	0.50	0.44
Leverage Ratio	4.30	3.94	3.73	3.90	4.32	4.35	3.99	3.41	2.91	2.67	2.56
Compound Leverage Factor	3.58	3.62	3.37	3.74	3.98	3.82	4.68	4.50	3.10	3.07	2.87
Debt to Total Capital	46.07%	43.60%	42.11%	45.84%	44.75%	47.00%	54.01%	45.43%	37.40%	40.70%	34.74%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.24%	3.53%	6.39%	0.00%
Long-Term Debt to Total Capital	46.07%	43.60%	42.11%	45.84%	44.75%	47.00%	54.01%	39.19%	33.86%	34.31%	34.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	53.93%	56.40%	57.89%	54.16%	55.25%	53.00%	45.99%	54.57%	62.60%	59.30%	65.26%
Debt to EBITDA	1.34	1.23	1.20	1.05	1.32	1.43	3.97	3.22	2.13	3.62	2.64
Net Debt to EBITDA	0.40	0.54	0.54	0.86	1.25	1.00	3.21	2.70	1.76	2.68	1.89
Long-Term Debt to EBITDA	1.34	1.23	1.20	1.05	1.32	1.43	3.97	2.78	1.93	3.05	2.64
Debt to NOPAT	2.62	2.01	2.37	1.60	2.17	2.46	7.35	6.38	3.92	7.00	5.28
Net Debt to NOPAT	0.78	0.88	1.07	1.30	2.05	1.71	5.95	5.36	3.23	5.18	3.76
Long-Term Debt to NOPAT	2.62	2.01	2.37	1.60	2.17	2.46	7.35	5.51	3.55	5.90	5.28
Altman Z-Score	2.65	2.94	3.35	3.26	3.22	2.77	2.16	2.40	2.68	2.31	2.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.79	1.59	1.58	0.95	0.94	1.10	1.15	0.95	0.95	1.08	1.13
Quick Ratio	1.54	1.40	0.81	0.27	0.21	0.41	0.44	0.38	0.29	0.35	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	661	294	414	582	369	458	-2,020	6.99	443	-472	551
Operating Cash Flow to CapEx	551.92%	292.53%	218.23%	203.11%	169.06%	309.63%	229.61%	281.62%	332.19%	107.08%	302.02%
Free Cash Flow to Firm to Interest Expense	4.83	3.97	4.41	10.04	5.27	4.01	-22.70	0.07	4.66	-4.97	5.24
Operating Cash Flow to Interest Expense	6.28	11.11	8.66	15.76	12.80	9.59	8.54	7.51	10.21	4.14	11.39
Operating Cash Flow Less CapEx to Interest Expense	5.15	7.31	4.69	8.00	5.23	6.49	4.82	4.84	7.14	0.27	7.62
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.14	1.14	1.17	1.28	1.33	1.23	1.01	0.99	1.04	0.99	1.00
Accounts Receivable Turnover	6.65	6.32	9.34	24.01	31.22	26.18	22.95	19.97	20.88	34.28	45.31
Inventory Turnover	17.68	22.00	29.58	41.06	55.82	56.34	54.74	53.70	53.16	51.19	51.05
Fixed Asset Turnover	3.88	3.71	3.54	3.46	3.33	3.22	3.13	3.39	3.53	3.42	3.48
Accounts Payable Turnover	18.83	17.20	16.82	13.63	13.92	16.07	15.35	14.84	16.40	17.51	18.89
Days Sales Outstanding (DSO)	54.91	57.79	39.07	15.20	11.69	13.94	15.90	18.27	17.48	10.65	8.05
Days Inventory Outstanding (DIO)	20.64	16.59	12.34	8.89	6.54	6.48	6.67	6.80	6.87	7.13	7.15
Days Payable Outstanding (DPO)	19.38	21.22	21.69	26.78	26.23	22.71	23.79	24.60	22.25	20.85	19.32
Cash Conversion Cycle (CCC)	56.16	53.16	29.71	-2.69	-8.00	-2.29	-1.21	0.47	2.09	-3.07	-4.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,869	2,211	2,336	2,558	2,781	3,010	5,479	5,927	6,108	7,038	6,999
Invested Capital Turnover	3.59	3.46	3.27	3.34	3.33	3.23	2.24	1.87	1.90	1.75	1.78
Increase / (Decrease) in Invested Capital	-176	342	125	222	223	229	2,469	448	181	930	-39
Enterprise Value (EV)	5,478	7,965	9,940	8,310	10,483	7,558	9,752	11,247	12,113	9,766	15,271
Market Capitalization	5,099	7,407	9,362	7,267	9,272	6,384	7,081	8,809	10,098	7,394	13,345
Book Value per Share	$31.72	$35.65	$38.84	$35.29	$38.83	$46.95	$70.09	$87.44	$103.04	$119.25	$129.28
Tangible Book Value per Share	$0.83	($2.78)	$0.73	($5.56)	($6.77)	($5.63)	($24.44)	($3.71)	$14.70	$32.35	$44.06
Total Capital	2,763	2,931	3,037	2,799	2,874	3,587	6,106	6,394	6,538	7,869	7,773
Total Debt	1,273	1,278	1,279	1,283	1,286	1,686	3,298	2,905	2,445	3,203	2,700
Total Long-Term Debt	1,273	1,278	1,279	1,283	1,286	1,686	3,298	2,506	2,214	2,700	2,700
Net Debt	379	558	578	1,043	1,211	1,174	2,671	2,438	2,015	2,372	1,926
Capital Expenditures (CapEx)	156	281	373	450	530	353	331	272	292	367	396
Debt-free, Cash-free Net Working Capital (DFCFNWC)	116	79	103	-324	-180	-294	-264	-217	-351	-91	-368
Debt-free Net Working Capital (DFNWC)	1,010	799	804	-84	-105	218	363	250	79	740	406
Net Working Capital (NWC)	1,010	799	804	-84	-105	218	363	-149	-152	237	406
Net Nonoperating Expense (NNE)	81	63	60	-32	43	-9.45	-95	-124	-57	-92	-93
Net Nonoperating Obligations (NNO)	379	558	578	1,042	1,193	1,109	2,671	2,438	2,015	2,372	1,926
Total Depreciation and Amortization (D&A)	188	191	211	207	230	254	301	358	347	326	329
Debt-free, Cash-free Net Working Capital to Revenue	1.65%	1.12%	1.38%	-3.96%	-2.02%	-3.14%	-2.77%	-2.03%	-3.06%	-0.79%	-2.95%
Debt-free Net Working Capital to Revenue	14.39%	11.30%	10.81%	-1.03%	-1.18%	2.33%	3.81%	2.34%	0.69%	6.42%	3.25%
Net Working Capital to Revenue	14.39%	11.30%	10.81%	-1.03%	-1.18%	2.33%	3.81%	-1.40%	-1.33%	2.05%	3.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.43	$12.24	$10.48	$19.09	$13.26	$17.14	$13.50	$14.44	$17.07	$13.96	$15.39
Adjusted Weighted Average Basic Shares Outstanding	47.90M	46.80M	45.70M	43.80M	41.40M	40.60M	40.30M	40.10M	39.90M	39.40M	39.30M
Adjusted Diluted Earnings per Share	$8.36	$12.14	$10.46	$19.09	$13.26	$17.14	$13.50	$14.44	$17.07	$13.96	$15.39
Adjusted Weighted Average Diluted Shares Outstanding	48.30M	47.20M	45.80M	43.80M	41.40M	40.60M	40.30M	40.10M	39.90M	39.40M	39.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.81M	46.03M	44.79M	41.53M	40.76M	40.32M	39.99M	39.86M	39.59M	39.13M	39.24M
Normalized Net Operating Profit after Tax (NOPAT)	533	636	539	804	615	687	449	455	624	458	512
Normalized NOPAT Margin	7.59%	9.00%	7.25%	9.84%	6.91%	7.33%	4.71%	4.26%	5.44%	3.97%	4.10%
Pre Tax Income Margin	9.00%	11.09%	10.37%	11.88%	7.68%	8.65%	6.53%	6.73%	7.45%	5.57%	6.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.54	11.51	9.09	17.45	10.59	8.11	5.96	5.34	8.42	5.88	6.59
NOPAT to Interest Expense	3.54	8.59	5.74	13.86	8.45	6.02	5.04	4.46	6.56	4.82	4.87
EBIT Less CapEx to Interest Expense	4.40	7.72	5.12	9.69	3.01	5.01	2.24	2.68	5.35	2.02	2.82
NOPAT Less CapEx to Interest Expense	2.40	4.80	1.77	6.11	0.88	2.93	1.32	1.79	3.49	0.95	1.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.05%	17.10%	24.01%	15.79%	27.14%	24.71%	34.19%	33.16%	29.37%	37.45%	35.21%
Augmented Payout Ratio	77.48%	50.96%	83.72%	104.55%	74.86%	36.78%	52.76%	42.14%	40.38%	66.91%	35.21%

This table displays calculated financial ratios and metrics derived from Huntington Ingalls Industries' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	39,242,688.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	39,242,688.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	3.80
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.24%	12.98%	4.90%	6.82%	-2.38%	-5.45%	-2.53%	3.53%	16.12%	15.71%	13.35%
EBITDA Growth	23.92%	191.43%	1.67%	12.86%	-33.20%	-51.72%	2.07%	-8.03%	49.71%	34.01%	-5.28%
EBIT Growth	47.46%	527.45%	7.33%	24.36%	-47.70%	-64.69%	3.73%	-12.89%	96.70%	56.64%	-5.99%
NOPAT Growth	20.70%	197.19%	14.76%	26.15%	-45.10%	-59.89%	0.18%	-12.94%	54.76%	33.73%	-4.24%
Net Income Growth	7.25%	122.76%	18.60%	33.08%	-31.76%	-55.11%	-2.61%	-12.14%	43.56%	29.27%	0.00%
EPS Growth	7.56%	124.51%	19.81%	33.95%	-30.81%	-54.15%	-2.07%	-11.87%	43.75%	28.89%	0.00%
Operating Cash Flow Growth	1,863.16%	-6.49%	-2,144.44%	-110.98%	-36.42%	-30.43%	-95.54%	9,244.44%	-44.60%	66.24%	1.27%
Free Cash Flow Firm Growth	97.43%	121.17%	16.09%	-11.02%	-2,741.74%	-1,180.76%	-296.45%	37.73%	28.15%	121.42%	126.55%
Invested Capital Growth	2.65%	3.05%	6.71%	9.83%	11.62%	15.23%	19.13%	6.13%	8.38%	-0.55%	-2.25%
Revenue Q/Q Growth	1.04%	12.82%	-11.71%	6.13%	-7.66%	9.28%	-8.99%	12.73%	3.57%	8.90%	-10.85%
EBITDA Q/Q Growth	7.47%	57.53%	-40.73%	11.93%	-36.40%	13.87%	24.87%	2.44%	2.78%	1.93%	-11.74%
EBIT Q/Q Growth	11.54%	83.91%	-49.69%	20.50%	-53.09%	24.18%	47.79%	1.20%	5.92%	-1.12%	-11.30%
NOPAT Q/Q Growth	12.24%	91.18%	-50.27%	18.21%	-51.15%	39.67%	24.21%	2.73%	-13.17%	20.70%	-11.06%
Net Income Q/Q Growth	13.85%	85.14%	-44.16%	13.07%	-41.62%	21.78%	21.14%	2.01%	-4.61%	9.66%	-6.29%
EPS Q/Q Growth	13.15%	85.68%	-43.67%	13.18%	-41.55%	23.05%	20.32%	1.85%	-4.66%	10.33%	-6.65%
Operating Cash Flow Q/Q Growth	308.54%	67.76%	-135.94%	95.54%	2,466.67%	83.57%	-201.02%	308.35%	-85.66%	450.85%	-160.00%
Free Cash Flow Firm Q/Q Growth	94.61%	442.84%	-471.20%	-61.87%	-37.95%	-30.39%	-36.17%	74.58%	-59.17%	138.88%	68.72%
Invested Capital Q/Q Growth	-1.95%	0.26%	7.30%	4.12%	-0.35%	3.50%	10.94%	-7.25%	1.77%	-5.03%	9.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.77%	15.45%	13.37%	14.51%	11.71%	10.69%	14.41%	12.82%	12.34%	11.57%	13.17%
EBITDA Margin	9.20%	12.84%	8.66%	9.14%	6.29%	6.56%	9.00%	8.18%	8.11%	7.59%	7.52%
Operating Margin	6.11%	9.82%	5.49%	6.35%	2.98%	3.66%	5.89%	5.29%	5.04%	4.95%	5.00%
EBIT Margin	6.18%	10.07%	5.74%	6.52%	3.31%	3.76%	6.11%	5.48%	5.61%	5.09%	5.07%
Profit (Net Income) Margin	5.26%	8.62%	5.45%	5.81%	3.67%	4.09%	5.45%	4.93%	4.54%	4.57%	4.81%
Tax Burden Percent	78.31%	82.53%	83.15%	80.09%	90.18%	93.89%	79.68%	80.85%	71.08%	80.30%	79.26%
Interest Burden Percent	108.62%	103.75%	114.29%	111.34%	123.08%	115.93%	111.98%	111.24%	113.97%	111.86%	119.75%
Effective Tax Rate	21.69%	17.47%	16.85%	19.91%	9.82%	6.11%	20.32%	19.15%	28.92%	19.70%	20.74%
Return on Invested Capital (ROIC)	8.82%	15.43%	8.33%	9.19%	4.89%	6.03%	7.49%	7.03%	6.08%	7.07%	6.60%
ROIC Less NNEP Spread (ROIC-NNEP)	9.33%	16.17%	9.33%	10.01%	5.98%	6.93%	8.25%	7.84%	7.30%	8.04%	7.55%
Return on Net Nonoperating Assets (RNNOA)	7.22%	9.50%	6.07%	6.67%	3.73%	3.47%	5.06%	4.33%	3.96%	3.55%	4.20%
Return on Equity (ROE)	16.04%	24.92%	14.41%	15.86%	8.62%	9.51%	12.55%	11.37%	10.04%	10.62%	10.80%
Cash Return on Invested Capital (CROIC)	4.92%	7.35%	3.60%	0.93%	-1.49%	-7.19%	-11.08%	0.29%	-1.31%	7.84%	8.84%
Operating Return on Assets (OROA)	6.45%	10.45%	6.04%	6.92%	3.57%	3.72%	6.02%	5.42%	5.76%	5.11%	5.28%
Return on Assets (ROA)	5.49%	8.95%	5.74%	6.17%	3.96%	4.04%	5.37%	4.88%	4.67%	4.59%	5.02%
Return on Common Equity (ROCE)	16.04%	24.92%	14.41%	15.86%	8.62%	9.51%	12.55%	11.37%	10.04%	10.62%	10.80%
Return on Equity Simple (ROE_SIMPLE)	14.20%	0.00%	17.09%	17.90%	16.68%	0.00%	11.44%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	135	257	128	151	74	103	128	132	114	138	123
NOPAT Margin	4.78%	8.10%	4.57%	5.08%	2.69%	3.44%	4.69%	4.28%	3.59%	3.97%	3.96%
Net Nonoperating Expense Percent (NNEP)	-0.51%	-0.74%	-1.00%	-0.83%	-1.09%	-0.90%	-0.76%	-0.81%	-1.23%	-0.97%	-0.95%
Return On Investment Capital (ROIC_SIMPLE)	-	3.94%	-	-	-	1.31%	1.61%	1.74%	1.49%	1.78%	1.57%
Cost of Revenue to Revenue	85.23%	84.55%	86.63%	85.49%	88.29%	89.31%	85.59%	87.18%	87.66%	88.44%	86.83%
SG&A Expenses to Revenue	8.98%	9.79%	8.27%	8.57%	9.17%	7.79%	9.00%	7.82%	7.68%	7.05%	8.33%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.66%	5.63%	7.84%	8.20%	8.73%	7.02%	8.52%	7.56%	7.30%	6.59%	8.16%
Earnings before Interest and Taxes (EBIT)	174	320	161	194	91	113	167	169	179	177	157
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	259	408	243	272	173	197	246	252	259	264	233
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.14	2.47	2.79	2.32	2.47	1.58	1.67	1.94	2.27	2.63	2.90
Price to Tangible Book Value (P/TBV)	41.65	17.29	17.89	13.44	13.36	5.84	5.85	6.38	7.00	7.72	8.17
Price to Revenue (P/Rev)	0.72	0.88	0.99	0.82	0.89	0.64	0.70	0.82	0.94	1.07	1.16
Price to Earnings (P/E)	15.09	14.83	16.34	12.99	14.79	13.44	14.62	18.05	19.86	22.06	24.64
Dividend Yield	2.47%	1.97%	1.75%	2.09%	1.97%	2.78%	2.60%	2.22%	1.88%	1.60%	1.44%
Earnings Yield	6.63%	6.74%	6.12%	7.70%	6.76%	7.44%	6.84%	5.54%	5.04%	4.53%	4.06%
Enterprise Value to Invested Capital (EV/IC)	1.70	1.98	2.13	1.81	1.91	1.39	1.41	1.63	1.86	2.18	2.28
Enterprise Value to Revenue (EV/Rev)	0.93	1.06	1.20	1.05	1.11	0.85	0.96	1.02	1.14	1.22	1.35
Enterprise Value to EBITDA (EV/EBITDA)	11.67	10.56	12.03	10.39	11.74	11.04	12.38	13.63	14.34	14.96	17.26
Enterprise Value to EBIT (EV/EBIT)	19.50	15.14	17.20	14.56	16.93	17.47	19.50	21.92	21.79	22.07	25.50
Enterprise Value to NOPAT (EV/NOPAT)	22.87	19.43	21.78	18.40	21.18	21.34	24.05	27.00	28.70	29.85	34.36
Enterprise Value to Operating Cash Flow (EV/OCF)	10.26	12.49	17.95	18.02	22.99	24.85	55.10	11.47	14.60	12.77	14.48
Enterprise Value to Free Cash Flow (EV/FCFF)	35.00	27.37	61.04	203.76	0.00	0.00	0.00	581.57	0.00	27.74	25.49
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.66	0.60	0.59	0.64	0.62	0.69	0.67	0.55	0.54	0.53	0.52
Long-Term Debt to Equity	0.59	0.54	0.54	0.41	0.41	0.58	0.57	0.55	0.54	0.53	0.52
Financial Leverage	0.77	0.59	0.65	0.67	0.62	0.50	0.61	0.55	0.54	0.44	0.56
Leverage Ratio	3.13	2.91	2.86	2.83	2.73	2.67	2.61	2.58	2.55	2.56	2.48
Compound Leverage Factor	3.40	3.02	3.27	3.15	3.37	3.09	2.93	2.87	2.90	2.86	2.97
Debt to Total Capital	39.80%	37.40%	37.14%	38.87%	38.28%	40.70%	40.15%	35.64%	35.12%	34.74%	34.42%
Short-Term Debt to Total Capital	4.11%	3.53%	3.09%	13.78%	13.19%	6.39%	6.31%	0.04%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	35.69%	33.86%	34.05%	25.09%	25.10%	34.31%	33.84%	35.60%	35.12%	34.74%	34.42%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.20%	62.60%	62.86%	61.13%	61.72%	59.30%	59.85%	64.36%	64.88%	65.26%	65.58%
Debt to EBITDA	2.78	2.13	2.10	2.23	2.36	3.62	3.60	3.11	2.83	2.64	2.68
Net Debt to EBITDA	2.66	1.76	2.09	2.22	2.35	2.68	3.41	2.72	2.50	1.89	2.47
Long-Term Debt to EBITDA	2.49	1.93	1.93	1.44	1.55	3.05	3.03	3.11	2.83	2.64	2.68
Debt to NOPAT	5.45	3.92	3.81	3.96	4.26	7.00	6.99	6.17	5.66	5.28	5.34
Net Debt to NOPAT	5.21	3.23	3.79	3.94	4.24	5.18	6.63	5.38	5.00	3.76	4.91
Long-Term Debt to NOPAT	4.89	3.55	3.49	2.55	2.79	5.90	5.89	6.16	5.66	5.28	5.34
Altman Z-Score	2.37	2.54	2.66	2.46	2.55	2.19	2.27	2.42	2.60	2.71	2.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.92	0.95	0.96	0.82	0.79	1.08	1.07	1.08	1.14	1.13	1.19
Quick Ratio	0.29	0.29	0.25	0.20	0.13	0.35	0.19	0.26	0.25	0.37	0.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-22	76	-284	-460	-634	-827	-1,126	-286	-456	177	299
Operating Cash Flow to CapEx	632.08%	439.06%	-249.38%	-9.68%	269.62%	342.98%	-589.55%	806.86%	119.19%	507.81%	-527.03%
Free Cash Flow to Firm to Interest Expense	-1.01	3.06	-13.52	-19.15	-27.57	-30.62	-40.20	-10.22	-19.81	6.81	13.58
Operating Cash Flow to Interest Expense	15.23	22.48	-9.62	-0.38	9.26	14.48	-14.11	29.39	5.13	25.00	-17.73
Operating Cash Flow Less CapEx to Interest Expense	12.82	17.36	-13.48	-4.25	5.83	10.26	-16.50	25.75	0.83	20.08	-21.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.04	1.04	1.05	1.06	1.08	0.99	0.99	0.99	1.03	1.00	1.04
Accounts Receivable Turnover	15.63	20.88	15.73	15.78	20.65	34.28	20.75	21.36	29.66	45.31	32.41
Inventory Turnover	52.15	53.16	50.97	51.86	50.57	51.19	48.29	49.09	49.33	51.05	50.56
Fixed Asset Turnover	3.50	3.53	3.58	3.60	3.56	3.42	3.35	3.34	3.42	3.48	3.53
Accounts Payable Turnover	17.87	16.40	17.81	17.18	18.11	17.51	16.52	15.57	16.69	18.89	17.39
Days Sales Outstanding (DSO)	23.35	17.48	23.20	23.12	17.68	10.65	17.59	17.08	12.31	8.05	11.26
Days Inventory Outstanding (DIO)	7.00	6.87	7.16	7.04	7.22	7.13	7.56	7.44	7.40	7.15	7.22
Days Payable Outstanding (DPO)	20.43	22.25	20.49	21.24	20.15	20.85	22.09	23.44	21.87	19.32	20.99
Cash Conversion Cycle (CCC)	9.93	2.09	9.88	8.92	4.74	-3.07	3.06	1.08	-2.16	-4.12	-2.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,092	6,108	6,554	6,824	6,800	7,038	7,808	7,242	7,370	6,999	7,632
Invested Capital Turnover	1.84	1.90	1.83	1.81	1.82	1.75	1.60	1.65	1.70	1.78	1.66
Increase / (Decrease) in Invested Capital	157	181	412	611	708	930	1,254	418	570	-39	-176
Enterprise Value (EV)	10,355	12,113	13,946	12,360	12,965	9,766	11,019	11,835	13,684	15,271	17,393
Market Capitalization	7,996	10,098	11,518	9,714	10,368	7,394	7,984	9,475	11,298	13,345	14,908
Book Value per Share	$93.63	$103.04	$104.46	$105.95	$107.18	$119.25	$121.98	$124.42	$127.01	$129.28	$131.16
Tangible Book Value per Share	$4.82	$14.70	$16.30	$18.33	$19.79	$32.35	$34.88	$37.84	$41.13	$44.06	$46.48
Total Capital	6,201	6,538	6,564	6,835	6,810	7,869	7,975	7,585	7,682	7,773	7,848
Total Debt	2,468	2,445	2,438	2,657	2,607	3,203	3,202	2,703	2,698	2,700	2,701
Total Long-Term Debt	2,213	2,214	2,235	1,715	1,709	2,700	2,699	2,700	2,698	2,700	2,701
Net Debt	2,359	2,015	2,428	2,646	2,597	2,372	3,035	2,360	2,386	1,926	2,485
Capital Expenditures (CapEx)	53	128	81	93	79	114	67	102	99	128	74
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-84	-351	78	280	181	-91	522	-117	64	-368	299
Debt-free Net Working Capital (DFNWC)	25	79	88	291	191	740	689	226	376	406	515
Net Working Capital (NWC)	-230	-152	-115	-651	-707	237	186	223	376	406	515
Net Nonoperating Expense (NNE)	-13	-17	-25	-22	-27	-20	-21	-20	-31	-21	-26
Net Nonoperating Obligations (NNO)	2,359	2,015	2,428	2,646	2,597	2,372	3,035	2,360	2,386	1,926	2,485
Total Depreciation and Amortization (D&A)	85	88	82	78	82	84	79	83	80	87	76
Debt-free, Cash-free Net Working Capital to Revenue	-0.76%	-3.06%	0.67%	2.38%	1.55%	-0.79%	4.55%	-1.01%	0.53%	-2.95%	2.33%
Debt-free Net Working Capital to Revenue	0.23%	0.69%	0.76%	2.47%	1.63%	6.42%	6.01%	1.95%	3.13%	3.25%	4.01%
Net Working Capital to Revenue	-2.07%	-1.33%	-0.99%	-5.53%	-6.04%	2.05%	1.62%	1.93%	3.13%	3.25%	4.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.70	$6.87	$3.87	$4.38	$2.56	$3.15	$3.79	$3.86	$3.69	$4.05	$3.79
Adjusted Weighted Average Basic Shares Outstanding	40M	39.90M	39.50M	39.50M	39.50M	39.40M	39.30M	39.40M	39.30M	39.30M	39.30M
Adjusted Diluted Earnings per Share	$3.70	$6.87	$3.87	$4.38	$2.56	$3.15	$3.79	$3.86	$3.68	$4.06	$3.79
Adjusted Weighted Average Diluted Shares Outstanding	40M	39.90M	39.50M	39.50M	39.50M	39.40M	39.30M	39.40M	39.40M	39.30M	39.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	79.45M	39.59M	78.87M	78.43M	39.13M	39.13M	39.24M	39.24M	39.24M	39.24M	39.40M
Normalized Net Operating Profit after Tax (NOPAT)	135	257	128	151	74	103	128	132	114	138	123
Normalized NOPAT Margin	4.78%	8.10%	4.57%	5.08%	2.69%	3.44%	4.69%	4.28%	3.59%	3.97%	3.96%
Pre Tax Income Margin	6.71%	10.45%	6.56%	7.26%	4.07%	4.36%	6.84%	6.10%	6.39%	5.70%	6.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.91	12.80	7.67	8.08	3.96	4.19	5.96	6.04	7.78	6.81	7.14
NOPAT to Interest Expense	6.12	10.30	6.10	6.31	3.22	3.83	4.58	4.71	4.98	5.31	5.58
EBIT Less CapEx to Interest Expense	5.50	7.68	3.81	4.21	0.52	-0.04	3.57	2.39	3.48	1.88	3.77
NOPAT Less CapEx to Interest Expense	3.71	5.18	2.24	2.43	-0.22	-0.40	2.19	1.06	0.67	0.39	2.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.55%	29.37%	28.65%	27.14%	29.24%	37.45%	38.10%	40.00%	37.08%	35.21%	35.37%
Augmented Payout Ratio	46.60%	40.38%	46.81%	52.01%	57.77%	66.91%	56.41%	46.67%	37.08%	35.21%	35.37%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from Huntington Ingalls Industries (NYSE:HII) based on the most recent quarterly statements and trends over the last four years. The focus is on how revenue, profitability, cash flow, and leverage have evolved quarter-to-quarter and year-over-year.

Revenue strength: Q4 2025 operating revenue rose to about 3.476B, up from 3.192B in Q3 2025, signaling stronger demand and scale.
Net income growth: Q4 2025 net income climbed to 159M, up from 145M in Q3 2025 and higher than Q4 2024 (123M), reflecting improved profitability at the bottom line.
Robust operating cash flow: Q4 2025 net cash from continuing operating activities was 650M, highlighting solid cash generation relative to net income.
Improving free cash flow: Q4 2025 free cash flow (approx. 522M = 650M OCF minus 128M capex) demonstrates strong cash conversion from earnings.
Dividend discipline: Quarterly cash dividends per share remain at 1.35, supporting ongoing cash returns to shareholders.
Leverage appears stable: Long-term debt around 2.7B and total liabilities near 7.3B indicate a high but steady leverage profile typical for a large defense contractor; no immediate liquidity crunch is evident in the latest quarter.
Profitability margins are consistent: Gross margins generally sit in the low-teens to around 11–12%, showing resilient profitability despite revenue fluctuations.
Liquidity has shown variability: Cash balances have fluctuated (approximately 312M in Q3 2025 vs around 831M in late 2024), indicating some seasonal or quarterly cash-position shifts, though OCF supports improvements in Q4 2025.
Capital spending remains moderate: Capex around 128M in Q4 2025 aligns with ongoing maintenance needs and preserves capacity for shareholder returns and debt management.
Debt and liquidity risk: The combination of a sizable debt load and a relatively modest cash cushion suggests sensitivity to shifts in defense budgets, interest rates, or operating cash flow; this could constrain flexibility if conditions worsen.

05/26/26 03:24 AM ETAI Generated. May Contain Errors.

Huntington Ingalls Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Huntington Ingalls Industries' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Huntington Ingalls Industries' net income were at $605 million at the end of 2025, a 10.0% increase from 2024, and a 49.8% increase since 2015. See Huntington Ingalls Industries' forecast for analyst expectations on what's next for the company.

Huntington Ingalls Industries' total operating income in 2025 was $657 million, based on the following breakdown:

Total Gross Profit: $1.59 billion
Total Operating Expenses: $928 million

Over the last 10 years, Huntington Ingalls Industries' total revenue changed from $7.02 billion in 2015 to $12.48 billion in 2025, a change of 77.8%.

Huntington Ingalls Industries' total liabilities were at $7.68 billion at the end of 2025, a 2.7% increase from 2024, and a 69.3% increase since 2015.

In the past 10 years, Huntington Ingalls Industries' cash and equivalents has ranged from $75 million in 2019 to $894 million in 2015, and is currently $774 million as of their latest financial filing in 2025.

Over the last 10 years, Huntington Ingalls Industries' book value per share changed from 31.72 in 2015 to 129.28 in 2025, a change of 307.6%.

Related Companies

Financial statements for NYSE:HII last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Huntington Ingalls Industries (HII) Financials

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Huntington Ingalls Industries (HII) Financials

Annual Income Statements for Huntington Ingalls Industries

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Quarterly Cash Flow Statements for Huntington Ingalls Industries

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Quarterly Balance Sheets for Huntington Ingalls Industries

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Quarterly Metrics And Ratios for Huntington Ingalls Industries

Financials Breakdown Chart

Key Financial Trends

Huntington Ingalls Industries Financials - Frequently Asked Questions

When does Huntington Ingalls Industries' fiscal year end?

How has Huntington Ingalls Industries' net income changed over the last 10 years?

What is Huntington Ingalls Industries' operating income?

How has Huntington Ingalls Industries' revenue changed over the last 10 years?

How much debt does Huntington Ingalls Industries have?

How much cash does Huntington Ingalls Industries have?

How has Huntington Ingalls Industries' book value per share changed over the last 10 years?

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