Huntington Ingalls Industries, Inc. designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships, surface combatants, and national security cutters for the U.S. Navy and U.S. Coast Guard. It also provides nuclear-powered ships, such as aircraft carriers and submarines, as well as refueling and overhaul, and inactivation services of nuclear-powered aircraft carriers. In addition, the company offers naval nuclear support services, including fleet services comprising design, construction, maintenance, and disposal activities for in-service the U.S. Navy nuclear ships; and maintenance services on nuclear reactor prototypes. Further, the company provides C5ISR systems and operations; application of artificial intelligence and machine learning to battlefield decisions; defensive and offensive cyberspace strategies and electronic warfare; uncrewed autonomous systems; live, virtual, and constructive solutions; platform modernization; and critical nuclear operations. Huntington Ingalls Industries, Inc. was founded in 1886 and is headquartered in Newport News, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $12.5B | $1.2B | $605M | $794M | 11.9% | 8.2% | 10.0% |
| 2024 | $11.5B | $1.1B | $550M | $26M | 11.8% | 0.7% | -19.2% |
| 2023 | $11.5B | $1.3B | $681M | $678M | 16.6% | 7.3% | 17.6% |
| 2022 | $10.7B | $1.2B | $579M | $482M | 16.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 10,676 | 11,454 | 11,535 | 12,484 |
| Cost Of Revenue | - | 9,236 | 9,808 | 10,085 | 10,899 |
| Gross Profit | - | 1,440 | 1,646 | 1,450 | 1,585 |
| Operating Expense | - | 923 | 902 | 964 | 974 |
| Operating Income | - | 517 | 744 | 486 | 611 |
| EBITDA | - | 1,179 | 1,295 | 1,064 | 1,211 |
| EBIT | - | 821 | 948 | 738 | 882 |
| Pretax Income | - | 719 | 853 | 643 | 777 |
| Tax Provision | - | 140 | 172 | 93 | 172 |
| Net Income | - | 579 | 681 | 550 | 605 |
| Net Income Common Stockholders | - | 579 | 681 | 550 | 605 |
| Total Expenses | - | 10,159 | 10,710 | 11,049 | 11,873 |
| Interest Expense | - | 102 | 95 | 95 | 105 |
| Selling General And Administration | - | 924 | 1,022 | 973 | 977 |
| Normalized EBITDA | - | 1,131 | 1,258 | 1,015 | 1,165 |
| Normalized Income | - | 540.36 | 651.47 | 508.10 | 569.17 |
| Market Cap | 14,147.82 | 14,147.82 | 14,147.82 | 14,147.82 | 14,147.82 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Huntington Ingalls Industries, Inc.this co. | HII | $14.1B | 23.38β discount | 2.79 | 11.9% | 13.46 |
| Global Payments Inc. | GPN | $16.4B | 13.32 | 0.81 | 6.1% | 9.68 |
| Nordson Corporation | NDSN | $16.0B | 32.51 | 5.18 | 15.9% | 20.81 |
| Textron Inc. | TXT | $15.8B | 16.63 | 1.94 | 11.7% | 10.32 |
| IDEX Corporation | IEX |
| 2021 | - | - | - | - | - | - | - |
| $15.4B |
| 31.50 |
| 3.78 |
| 12.0% |
| 18.25 |
| Jacobs Solutions Inc. | J | $15.3B | 51.39 | 4.08 | 7.9% | 17.63 |
| Masco Corporation | MAS | $15.2B | 18.47 | -80.46 | -435.5% | 12.67 |
| Pentair plc | PNR | $15.0B | 22.91 | 3.87 | 16.9% | 17.64 |
| Generac Holdings Inc. | GNRC | $12.9B | 81.25 | 4.92 | 6.1% | 30.39 |
| Peer Median | - | 27.20 | 3.83 | 9.8% | 17.63 | |