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Company file · HII

Huntington Ingalls Industries

Ingalls was Huntington Ingalls Industries' fastest-growing segment in FY2025, up 11.2%

Revenue rose 8.2% to $12.5B in FY2025, from $11.5B in FY2024. Net income rose 10.0% to $605M. Newport News Shipbuilding was the largest segment, at 52% of the segment total.

Key facts

Huntington Ingalls Industries (NYSE: HII) closed fiscal 2025 on Dec 31, 2025 with revenue of $12.5B, up 8.2% from a year before; net income came to $605M, up 10.0%. Its newest quarterly report covers the three months to Sep 30, 2026: revenue of $3.5B, up 10.8% on the same stretch of the prior year, and net income of $217M. Broken down by segment, Newport News Shipbuilding led with 52% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 5, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Oct 29, 2026).

Revenue$12.5BFY2025 · +8.2% vs FY2024
Net income$605MFY2025 · +10.0% vs FY2024
Operating cash flow$1.2BFY2025 · +204.3% vs FY2024
Cash & equivalents$387Mat Sep 30, 2026 · −50.0% vs FY2025 end
Total debt$2.7Bat Sep 30, 2026 · +0.1% vs FY2025 end
Diluted shares39MFY2025 avg · −0.3% vs FY2024
Revenue and net income, three fiscal yearsBy fiscal year, $bn
RevenueNet income
Revenue and net income by fiscal yearRevenue FY2023: $11.5B11.5Net income FY2023: $681M0.68FY2023Revenue FY2024: $11.5B11.5Net income FY2024: $550M0.55FY2024Revenue FY2025: $12.5B12.5Net income FY2025: $605M0.60FY2025Data: Ticker Sage, from SEC EDGAR · tickersage.com

Source: 10-K FY2025, filed Feb 5, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)
FY2025FY2026
Quarterly revenue, fiscal 2026 vs 2025FY2025 Q1: $2.7B2.7FY2026 Q1: $3.1B3.1Q1FY2025 Q2: $3.1B3.1FY2026 Q2: $3.4B3.4Q2FY2025 Q3: $3.2B3.2FY2026 Q3: $3.5B3.5Q3Data: Ticker Sage, from SEC EDGAR · tickersage.com

Source: 10-Q filed May 5, 2026 · 10-Q filed Jul 30, 2026 · 10-Q filed Oct 29, 2026

How it makes money

FY2025 total by categoryNewport News Shipbuilding: $6.5B (52%)Ingalls: $3.1B (24%)Mission Technologies: $3.0B (24%)$12.6BFY2025 totalData: Ticker Sage, from SEC EDGARtickersage.com

By segment, FY2025

  • LineAmountSharevs FY2024
  • Newport News Shipbuilding$6.5B52%+9.0%
  • Ingalls$3.1B24%+11.2%
  • Mission Technologies$3.0B24%+3.6%

Source: 10-K FY2025, XBRL breakdown

By segment in FY2025: Newport News Shipbuilding (52%), Ingalls (24%) and Mission Technologies (24%), as shares of the segment total. Total revenue was $12.5B.

By segment: three-year mixShare of the total each fiscal year
Newport News ShipbuildingIngallsMission Technologies

Source: 10-K FY2025

By product or service, FY2025

Products$8.1B65%+9.0%
Services$4.4B35%+6.9%

Share is of the FY2025 total; the last column is the change from FY2024.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 2026Q3 2025

Company

Revenue
$3.5B Q3 2026
$3.2B Q3 2025
10.8% increase
Net income
$217M Q3 2026
$145M Q3 2025
49.7% increase

Source: Huntington Ingalls Industries 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026

By segment

Newport News Shipbuilding
$1.9B Q3 2026
$1.6B Q3 2025
18.1% increase
Ingalls
$876M Q3 2026
$828M Q3 2025
5.8% increase
Mission Technologies
$792M Q3 2026
$787M Q3 2025
0.6% increase

Source: Huntington Ingalls Industries 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026

  • Cash & equivalents $387M at Sep 30, 2026, vs $774M at FY2025 end.
  • Total debt $2.7B at Sep 30, 2026, vs $2.7B at FY2025 end.
  • Operating cash flow, first 9 months of fiscal 2026: $99M vs $546M a year earlier.

The bull case and the bear case

The bull case

  • Revenue rose 8.2% in FY2025 to $12.5B, from $11.5B a year earlier. 10-K, FY2025
  • Net income rose 10.0% in FY2025 to $605M, from $550M. 10-K, FY2025
  • Operating cash flow rose 204.3% in FY2025 to $1.2B. 10-K, FY2025
  • Total debt fell 15.7% in FY2025 to $2.7B. 10-K, FY2025

The bear case

  • The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include government and airline demand; program execution; supply chain. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Huntington Ingalls Industries is in the aerospace & defense industry, part of the industrials sector. The SEC files it under Ship & Boat Building & Repairing.

Huntington Ingalls Industries reports 3 segments: Newport News Shipbuilding, Ingalls and Mission Technologies.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the aerospace & defense industry. They are not a summary of Huntington Ingalls Industries’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

  1. Government and airline demandOrders depend on defense budgets and airline spending, which can change.
  2. Program executionLarge programs can run over budget or be delayed.
  3. Supply chainSpecialist suppliers and materials can limit output.
  4. Regulation and safetyAviation safety rules and product liability can bring cost.
  5. TradeExport rules and tariffs affect costs and sales.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$FY2023FY2024FY2025
Revenue$11.5B$11.5B$12.5B
Net income$681M$550M$605M
Operating cash flow$970M$393M$1.2B
Cash & equivalents (year end)$430M$831M$774M
Total debt (year end)$2.4B$3.2B$2.7B
Diluted shares40M39M39M
  • Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
  • Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
  • Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
  • Cash & equivalents: Cash, cash equivalents and restricted cash, the only cash total tagged in its filings.
  • Total debt: The current part of long-term debt plus long-term debt, at carrying value.
  • Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

  • Segment figures are shown before eliminations and other items, so shares are of the segment total rather than of consolidated revenue.

Recent filings

FormFiledPeriod
10-QOct 29, 2026Sep 30, 2026
10-QJul 30, 2026Jun 30, 2026
10-QMay 5, 2026Mar 31, 2026
DEF 14AMar 20, 2026Dec 31, 2025
10-KFeb 5, 2026Dec 31, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Huntington Ingalls Industries

How does Huntington Ingalls Industries make money?

Fiscal 2025 revenue: $12.5B. By segment in FY2025: Newport News Shipbuilding (52%), Ingalls (24%) and Mission Technologies (24%), as shares of the segment total. Total revenue was $12.5B. Source: 10-K for fiscal 2025, filed Feb 5, 2026.

What was Huntington Ingalls Industries's revenue in fiscal 2025?

$12.5B, up 8.2% from fiscal 2024 ($11.5B). The year ended Dec 31, 2025; for fiscal 2023 the figure was $11.5B. Source: 10-K for fiscal 2025, filed Feb 5, 2026.

Is Huntington Ingalls Industries profitable?

Net income was $605M in fiscal 2025 (up 10.0%; fiscal 2024 was $550M). That counts as a GAAP profit. The latest quarter, ended Sep 30, 2026: net income was $217M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 5, 2026.

What did Huntington Ingalls Industries report in its latest quarterly filing?

For the three months to Sep 30, 2026: revenue $3.5B (up 10.8% from $3.2B) and net income $217M (up 49.7% from $145M). Source: 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026.

How much cash and debt does Huntington Ingalls Industries have?

As of Sep 30, 2026: $387M of cash and cash equivalents, $2.7B of total debt. Total debt here is the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Oct 29, 2026.

What are the main risks Huntington Ingalls Industries faces?

Huntington Ingalls Industries's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 5, 2026. Risks that are common among companies in the aerospace & defense industry include Government and airline demand; program execution; supply chain; regulation and safety; trade. The first: Orders depend on defense budgets and airline spending, which can change. Source: 10-K, Item 1A Risk Factors.

Where do these Huntington Ingalls Industries numbers come from?

The 10-K filed Feb 5, 2026 (fiscal 2025) and the 10-Q filed Oct 29, 2026 (quarter ended Sep 30, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Huntington Ingalls Industries

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in HII
The editor holds no position in Huntington Ingalls Industries (HII). As of Nov 11, 2026.
Trading rule
The editor does not buy or sell HII from 3 days before to 3 days after this page is published or substantively updated.
Compensation
Nobody paid for this page. No affiliate links on this page.
Sources
The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated
Nov 10, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold HII, and it doesn't consider your situation.

Compare with peers

CompanyFiscal yearRevenueRevenue growthNet income
Huntington Ingalls IndustriesHIIFY2025$12.5B+8.2%$605M
GE AerospaceGEFY2025$45.9B+18.5%$8.7B
RTXFY2025$88.6B+9.7%$6.7B
Lockheed MartinLMTFY2025$75.0B+5.6%$5.0B
BoeingBAFY2025$89.5B+34.5%$2.2B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

More company files

New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.