Huntington Ingalls Industries, Inc. HII

IndustrialsAerospace & DefenseUnited States of America

Last close 316.88 USD on Nov 1, 2026, −5.7% year to date

Quant rating

Quant rating C Rank 232 of 486 in Industrials

Growth C 266 of 486
Valuation C 203 of 486
Quality B 193 of 486
Revisions C 305 of 486
Momentum B 193 of 486

Wall Street consensus Buy (2.31)Average target 354.38 USD +11.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 12.5B
Enterprise value: 14.8B
52-week range: 255.41 – 459.99
3-year range: 159.75 – 459.99
Dividend yield: 1.78%
Beta (5 years): 0.20
Shares outstanding: 39.4M
Next earnings: Feb 5, 2027

About the company

Huntington Ingalls Industries, Inc. is a global, all-domain defense partner, building and delivering naval ships and technologies. Its segments include Ingalls Shipbuilding (Ingalls), Newport News Shipbuilding (Newport News) and Mission Technologies. Ingalls segment includes its non-nuclear ship design, construction, repair, and maintenance businesses. Newport News segment includes all of its nuclear ship design, construction, overhaul, refueling, and repair and maintenance businesses. Mission Technologies segment provides a range of services and products, including command, control, computers, communications, cyber, intelligence, surveillance, and reconnaissance systems and operations; the application of artificial intelligence and machine learning to battlefield decisions; defense and offensive cyberspace strategies and electronic warfare; unmanned autonomous systems; live, virtual, and constructive training solutions; platform modernization, and critical nuclear operations.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	12,484	11,535	11,454	10,676	9,524	–
Revenue growth	8.2%	0.7%	7.3%	12.1%	1.7%	5.9%
EPS (basic, normalized)	15.39	13.96	17.07	14.44	13.50	–
EPS growth	10.2%	−18.2%	18.2%	7.0%	–	–
Gross margin	12.7%	12.6%	14.4%	13.5%	14.4%	13.5%
Net margin	4.8%	4.8%	5.9%	5.4%	5.7%	5.3%
ROE	12.4%	12.6%	18.0%	18.4%	23.1%	16.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	387
Current ratio	1.26x
Long-term debt (mil)	2,704
Net debt (mil)	2,317
Total equity (mil)	5,492
Net debt / equity	0.42x
Net debt / EBITDA	2.63x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	12,484	+8.2%	1.2x	882	−5.3%	16.8x	15.39	+10.2%	20.6x
2026	13,059	+4.6%	1.1x	1,019	+15.5%	14.5x	19.05	+23.8%	16.6x
2027	14,347	+9.9%	1.0x	1,155	+13.4%	12.8x	20.71	+8.7%	15.3x
2028	15,240	+6.2%	1.0x	1,279	+10.8%	11.6x	23.94	+15.6%	13.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	13,059	−2.4%	−0.8%	+0.8%	19.05	+2.3%	+6.6%	+9.1%
2027	14,347	+0.8%	+2.7%	+4.2%	20.71	−1.5%	+0.6%	+0.9%
2028	15,240	+0.7%	+2.3%	+4.3%	23.94	−1.6%	+0.1%	+1.7%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	2,805	2,977	2,749	3,004	2,734	3,082	3,192	3,476	3,099	3,418
Sales mean (mil)	2,793	2,845	2,867	3,054	2,791	2,927	2,960	3,101	3,015	3,164
Surprise	+0.4%	+4.6%	−4.1%	−1.6%	−2.0%	+5.3%	+7.9%	+12.1%	+2.8%	+8.0%
EPS reported	3.87	4.38	2.56	3.15	3.79	3.86	3.68	4.04	3.79	5.27
EPS mean	3.53	3.62	3.86	3.49	2.91	3.28	3.36	3.88	3.72	3.80
Surprise	+9.7%	+21.2%	−33.7%	−9.7%	+30.0%	+17.8%	+9.6%	+4.1%	+1.9%	+38.6%

Peer comparison Aerospace & Defense

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
HII Huntington Ingalls Industries, Inc.	12.5B	2.63x	4.8%	2.27x	16.6x	15.3x	14.5x	12.8x
GE General Electric Company	311.9B	1.05x	19.0%	17.80x	37.0x	32.3x	26.4x	23.3x
RTX RTX Corporation	269.6B	1.90x	7.6%	3.89x	25.8x	24.7x	17.6x	16.4x
AIR Airbus SE	170.4B	0.51x	7.1%	5.68x	26.1x	22.3x	14.6x	12.7x
BA Boeing Co	135.9B	4.05x	2.1%	20.75x	−84.7x	207.3x	48.1x	28.0x
LMT Lockheed Martin Corporation	147.1B	1.54x	6.7%	14.56x	20.8x	19.1x	14.4x	13.3x
Mean		1.95x	7.9%	10.83x	6.9x	53.5x	22.6x	17.8x
Median		1.72x	6.9%	10.12x	23.3x	23.5x	16.1x	14.9x

Technical analysis

1M+23.3%
3M+6.2%
1Y+7.7%
3Y+58.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Huntington Ingalls Industries, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	12,484	11,535	11,454	10,676	9,524	9,361
Cost of revenue	10,899	10,085	9,808	9,236	8,156	7,691
Gross profit	1,585	1,450	1,646	1,440	1,368	1,670
Selling, general & administrative expenses	951	946	987	884	864	873
Research & development	26.0	27.0	35.0	40.0	34.0	31.0
Interest expense (income), operating	−46.0	−49.0	−37.0	−48.0	−41.0	−32.0
Unusual expense (income)	–	–	–	–	−2.0	–
Other operating expenses	−3.0	−9.0	−120	−1.0	0	−1.0
Operating income	657	535	781	565	513	799
Net interest income (expense)	−105	−95.0	−95.0	−102	−89.0	−114
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	225	203	167	256	198	125
Net income before taxes	777	643	853	719	622	810
Provision for taxes	172	93.0	172	140	78.0	114
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	605	550	681	579	544	696
Extraordinary items	–	–	–	–	–	–
Net income	605	550	681	579	544	696
EBIT, normalized	611	486	744	517	470	772
EBITDA, normalized	940	812	1,099	883	771	1,026
Basic EPS, normalized	15.39	13.96	17.07	14.44	13.50	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Huntington Ingalls Industries, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	774	831	430	467	627	512
Receivables	2,381	2,099	2,181	2,046	1,952	1,617
Total inventory	219	208	186	183	161	137
Prepaid expenses	77.0	90.0	83.0	50.0	50.0	45.0
Other current assets	0	0	0	0	0	133
Total current assets	3,451	3,228	2,880	2,746	2,790	2,444
Property, plant & equipment	3,993	3,689	3,558	3,480	3,348	3,170
Goodwill	2,650	2,618	2,618	2,618	2,628	1,617
Intangibles	694	782	891	1,019	1,159	512
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	1,961	1,824	1,268	994	702	414
Total assets	12,749	12,141	11,215	10,857	10,627	8,157
Liabilities
Accounts payable	556	598	554	642	603	460
Payable/accrued	–	–	–	–	–	–
Accrued expenses	837	768	786	760	802	715
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	0	503	231	399	–	–
Other current liabilities	1,652	1,122	1,461	1,094	1,022	1,051
Total current liabilities	3,045	2,991	3,032	2,895	2,427	2,226
Long-term debt	2,700	2,700	2,214	2,506	3,298	1,686
Minority interest	–	–	–	–	–	–
Other liabilities	1,931	1,784	1,876	1,967	2,094	2,344
Total liabilities	7,676	7,475	7,122	7,368	7,819	6,256
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1.0	1.0	1.0	1.0	1.0	1.0
Additional paid-in capital	2,087	2,045	2,045	2,022	1,998	1,972
Retained earnings (accumulated deficit)	5,487	5,097	4,755	4,276	3,891	3,533
Treasury stock	−2,449	−2,449	−2,286	−2,211	−2,159	−2,058
Other equity	−53.0	−28.0	−422	−599	−923	−1,547
Total equity	5,073	4,666	4,093	3,489	2,808	1,901
Total liabilities & shareholders' equity	12,749	12,141	11,215	10,857	10,627	8,157

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Huntington Ingalls Industries, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	605	550	681	579	544	696
Depreciation, depletion & amortization	329	326	347	358	293	247
Deferred taxes	203	−122	−113	2.0	98.0	23.0
Non-cash items	43.0	11.0	25.0	62.0	29.0	46.0
Changes in working capital	16.0	−372	30.0	−235	−204	81.0
Cash from operations	1,196	393	970	766	760	1,093
Investing activities
Capital expenditures	−402	−367	−292	−284	−331	−353
Other investing cash flows	−119	19.0	56.0	16.0	−1,623	−406
Cash from investing	−521	−348	−236	−268	−1,954	−759
Financing activities
Financing cash flow items	−19.0	−47.0	−16.0	−14.0	−29.0	−41.0
Cash dividends paid	−213	−206	−200	−192	−186	−172
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−500	609	−555	−452	1,524	316
Cash from financing	−732	356	−771	−658	1,309	103
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−57.0	401	−37.0	−160	115	437
Free cash flow	794	26.0	678	482	429	740

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.