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).
Source: 10-K FY2025, filed Feb 5, 2026
Source: 10-Q filed May 5, 2026 · 10-Q filed Jul 30, 2026 · 10-Q filed Oct 29, 2026
How it makes money
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.
Source: 10-K FY2025
By product or service, FY2025
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
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
Source: Huntington Ingalls Industries 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026
By segment
Source: Huntington Ingalls Industries 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026
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 $2.7B. 10-K, FY2025
The bear case
- The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include government and airline demand; program execution; supply chain. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Huntington Ingalls Industries is in the aerospace & defense industry, part of the industrials sector. The SEC files it under Ship & Boat Building & Repairing.
Huntington Ingalls Industries reports 3 segments: Newport News Shipbuilding, Ingalls and Mission Technologies.
Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the aerospace & defense industry. They are not a summary of Huntington Ingalls Industries’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Government and airline demandOrders depend on defense budgets and airline spending, which can change.
- Program executionLarge programs can run over budget or be delayed.
- Supply chainSpecialist suppliers and materials can limit output.
- Regulation and safetyAviation safety rules and product liability can bring cost.
- TradeExport rules and tariffs affect costs and sales.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| 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 shares | 40M | 39M | 39M |
- 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
- Segment reporting
- Net debt and net cash
- Debt-to-equity ratio
- The cash flow statement
- Risk factors (Item 1A)
- Discontinued operations
- Cybersecurity disclosures (Item 1C)
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
| Form | Filed | Period |
|---|---|---|
| 10-Q | Oct 29, 2026 | Sep 30, 2026 |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 |
| 10-Q | May 5, 2026 | Mar 31, 2026 |
| DEF 14A | Mar 20, 2026 | Dec 31, 2025 |
| 10-K | Feb 5, 2026 | Dec 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
- Citadel Advisors: 190,853 shares, reported value $53.4M at Jun 30, 2026 (+385.8% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Point72 Asset Management: 133,950 shares, reported value $37.5M at Jun 30, 2026 (+68.3% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Renaissance Technologies: 101,640 shares, reported value $28.4M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 13, 2026.
- Millennium Management: 85,266 shares, reported value $23.9M at Jun 30, 2026 (−21.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Markel Group: 27,500 shares, reported value $7.3M at Sep 30, 2026 (same number of shares as in the filing for Jun 30, 2026). Form 13F filed Oct 30, 2026.
- Bridgewater Associates: 2,057 shares, reported value $0.6M at Jun 30, 2026 (−61.6% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
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
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| Huntington Ingalls IndustriesHII | FY2025 | $12.5B | +8.2% | $605M |
| GE AerospaceGE | FY2025 | $45.9B | +18.5% | $8.7B |
| RTX | FY2025 | $88.6B | +9.7% | $6.7B |
| Lockheed MartinLMT | FY2025 | $75.0B | +5.6% | $5.0B |
| BoeingBA | FY2025 | $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.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.