Huntington Ingalls Industries, Inc. (HII) 10-Year Financial Performance & Capital Metrics

HII • • Industrial / General

IndustrialsAerospace & DefenseAircraft ManufacturingMilitary Aircraft & Defense Platforms

AboutHuntington Ingalls Industries, Inc. engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare 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 ships. 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, it provides life-cycle sustainment services to the U.S. Navy fleet and other maritime customers; high-end information technology and mission-based solutions for Department of Defense (DoD), intelligence, and federal civilian customers; nuclear management and operations and environmental management services for the Department of Energy, DoD, state and local governments, and private sector companies; defense and federal solutions; and unmanned systems. Huntington Ingalls Industries, Inc. was founded in 1886 and is headquartered in Newport News, Virginia.Show more

Revenue $11.54B +0.7%
EBITDA $861M -11.3%
Net Income $550M -19.2%
EPS (Diluted) 13.96 -18.2%
Gross Margin 12.57% -12.5%
EBITDA Margin 7.46% -12.0%
Operating Margin 4.64% -14.9%
Net Margin 4.77% -19.8%
ROE 12.56% -30.1%
ROIC 5.91% -21.0%
Debt/Equity 0.73 +11.8%
Interest Coverage 5.63 -14.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓12 consecutive years of dividend growth
✓Momentum leader: RS Rating 87 (top 13%)
✓Good 3Y average ROE of 16.3%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.19%

5Y5.33%

3Y6.59%

TTM2.6%

Profit (Net Income) CAGR

10Y4.99%

5Y0.04%

3Y0.37%

TTM-18.83%

EPS CAGR

10Y7.36%

5Y1.03%

3Y1.12%

TTM-18.24%

ROCE

10Y Avg12.89%

5Y Avg8.2%

3Y Avg6.76%

Latest6.17%

Peer Comparison

Military Aircraft & Defense Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HIIHuntington Ingalls Industries, Inc.	16.44B	418.86	30.00	0.71%	4.74%	11.42%	0.16%	0.73
GDGeneral Dynamics Corporation	99.59B	368.69	27.05	12.88%	8.18%	17.25%	3.21%	0.48
LMTLockheed Martin Corporation	133.72B	577.89	25.90	5.14%	5.73%	67.95%	3.95%	3.38
NOCNorthrop Grumman Corporation	93.43B	654.61	23.10	4.44%	9.82%	25.14%	2.81%	1.20

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	7.02B	7.07B	7.44B	8.18B	8.9B	9.36B	9.52B	10.68B	11.45B	11.54B
Revenue Growth %	0.01%	0.01%	0.05%	0.1%	0.09%	0.05%	0.02%	0.12%	0.07%	0.01%
Cost of Goods Sold+	5.52B	5.61B	6.02B	6.38B	7.37B	7.69B	8.16B	9.24B	9.81B	10.09B
COGS % of Revenue	0.79%	0.79%	0.81%	0.78%	0.83%	0.82%	0.86%	0.87%	0.86%	0.87%
Gross Profit+	1.5B	1.46B	1.42B	1.79B	1.53B	1.67B	1.37B	1.44B	1.65B	1.45B
Gross Margin %	0.21%	0.21%	0.19%	0.22%	0.17%	0.18%	0.14%	0.13%	0.14%	0.13%
Gross Profit Growth %	0.06%	-0.03%	-0.03%	0.26%	-0.15%	0.09%	-0.18%	0.05%	0.14%	-0.12%
Operating Expenses+	614M	623M	759M	871M	788M	904M	882M	924M	1.02B	915M
OpEx % of Revenue	0.09%	0.09%	0.1%	0.11%	0.09%	0.1%	0.09%	0.09%	0.09%	0.08%
Selling, General & Admin	669M	768M	759M	871M	788M	904M	882M	924M	1.02B	973M
SG&A % of Revenue	0.1%	0.11%	0.1%	0.11%	0.09%	0.1%	0.09%	0.09%	0.09%	0.08%
Research & Development	0	0	0	0	0	0	0	0	0	27M
R&D % of Revenue	-	-	-	-	-	-	-	-	-	0%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	-85M
Operating Income+	907M	837M	869M	920M	743M	766M	486M	516M	624M	535M
Operating Margin %	0.13%	0.12%	0.12%	0.11%	0.08%	0.08%	0.05%	0.05%	0.05%	0.05%
Operating Income Growth %	0.21%	-0.08%	0.04%	0.06%	-0.19%	0.03%	-0.37%	0.06%	0.21%	-0.14%
EBITDA+	1.09B	1.02B	1.07B	1.12B	970M	1.01B	779M	874M	971M	861M
EBITDA Margin %	0.15%	0.14%	0.14%	0.14%	0.11%	0.11%	0.08%	0.08%	0.08%	0.07%
EBITDA Growth %	0.15%	-0.06%	0.05%	0.05%	-0.14%	0.04%	-0.23%	0.12%	0.11%	-0.11%
D&A (Non-Cash Add-back)	180M	186M	205M	203M	227M	247M	293M	358M	347M	326M
EBIT	725M	858M	844M	1.03B	753M	903M	711M	821M	948M	738M
Net Interest Income+	-137M	-74M	-94M	-58M	-70M	-114M	-89M	-102M	-95M	-95M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	137M	74M	94M	58M	70M	114M	89M	102M	95M	95M
Other Income/Expense	-275M	-53M	-97M	51M	-60M	44M	136M	203M	229M	108M
Pretax Income+	632M	784M	772M	971M	683M	810M	622M	719M	853M	643M
Pretax Margin %	0.09%	0.11%	0.1%	0.12%	0.08%	0.09%	0.07%	0.07%	0.07%	0.06%
Income Tax+	228M	211M	293M	135M	134M	114M	78M	140M	172M	93M
Effective Tax Rate %	0.64%	0.73%	0.62%	0.86%	0.8%	0.86%	0.87%	0.81%	0.8%	0.86%
Net Income+	404M	573M	479M	836M	549M	696M	544M	579M	681M	550M
Net Margin %	0.06%	0.08%	0.06%	0.1%	0.06%	0.07%	0.06%	0.05%	0.06%	0.05%
Net Income Growth %	0.2%	0.42%	-0.16%	0.75%	-0.34%	0.27%	-0.22%	0.06%	0.18%	-0.19%
Net Income (Continuing)	404M	573M	479M	836M	549M	696M	544M	579M	681M	550M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	8.36	12.14	10.46	19.09	13.26	17.14	13.50	14.44	17.07	13.96
EPS Growth %	0.22%	0.45%	-0.14%	0.83%	-0.31%	0.29%	-0.21%	0.07%	0.18%	-0.18%
EPS (Basic)	8.43	12.24	10.48	19.09	13.26	17.14	13.50	14.44	17.07	13.96
Diluted Shares Outstanding	48.3M	47.2M	45.8M	43.8M	41.4M	40.6M	40.3M	40.1M	39.9M	39.4M
Basic Shares Outstanding	47.9M	46.8M	45.7M	43.8M	41.4M	40.6M	40.3M	40.1M	39.9M	39.4M
Dividend Payout Ratio	0.2%	0.17%	0.24%	0.16%	0.27%	0.25%	0.34%	0.33%	0.29%	0.37%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.28B	2.14B	2.19B	1.75B	1.78B	2.44B	2.79B	2.75B	2.88B	3.23B
Cash & Short-Term Investments	894M	720M	701M	240M	75M	512M	627M	467M	430M	831M
Cash Only	894M	720M	701M	240M	75M	512M	627M	467M	430M	831M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.07B	1.16B	1.19B	1.25B	1.46B	1.62B	1.95B	2.05B	2.18B	2.1B
Days Sales Outstanding	55.84	60.11	58.27	56.03	59.68	63.05	74.81	69.95	69.5	66.42
Inventory	285M	210M	183M	128M	136M	137M	161M	183M	186M	208M
Days Inventory Outstanding	18.86	13.67	11.1	7.32	6.74	6.5	7.21	7.23	6.92	7.53
Other Current Assets	31M	48M	123M	122M	95M	133M	0	50M	83M	90M
Total Non-Current Assets+	3.74B	4.21B	4.18B	4.64B	5.25B	5.71B	7.84B	8.11B	8.34B	8.91B
Property, Plant & Equipment	1.83B	1.99B	2.21B	2.52B	3.03B	3.17B	3.35B	3.48B	3.56B	3.69B
Fixed Asset Turnover	3.84x	3.56x	3.36x	3.25x	2.93x	2.95x	2.84x	3.07x	3.22x	3.13x
Goodwill	956M	1.23B	1.22B	1.26B	1.37B	1.62B	2.63B	2.62B	2.62B	2.62B
Intangible Assets	495M	548M	508M	492M	492M	512M	1.16B	1.02B	891M	782M
Long-Term Investments	0	0	0	0	0	0	0	0	0	233M
Other Non-Current Assets	126M	128M	125M	203M	240M	281M	702M	994M	1.27B	1.59B
Total Assets+	6.02B	6.35B	6.37B	6.38B	7.03B	8.16B	10.63B	10.86B	11.21B	12.14B
Asset Turnover	1.17x	1.11x	1.17x	1.28x	1.27x	1.15x	0.90x	0.98x	1.02x	0.95x
Asset Growth %	-0.04%	0.05%	0%	0%	0.1%	0.16%	0.3%	0.02%	0.03%	0.08%
Total Current Liabilities+	1.27B	1.34B	1.39B	1.83B	1.89B	2.23B	2.43B	2.9B	3.03B	2.99B
Accounts Payable	317M	316M	375M	562M	497M	460M	603M	642M	554M	598M
Days Payables Outstanding	20.97	20.57	22.74	32.13	24.62	21.83	26.99	25.37	20.62	21.64
Short-Term Debt	0	0	0	0	0	0	0	399M	231M	503M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	832M	861M	870M	936M	1.02B	1.18B	1.17B	1.09B	1.18B	1.12B
Current Ratio	1.79x	1.59x	1.58x	0.95x	0.94x	1.10x	1.15x	0.95x	0.95x	1.08x
Quick Ratio	1.57x	1.44x	1.45x	0.88x	0.87x	1.04x	1.08x	0.89x	0.89x	1.01x
Cash Conversion Cycle	53.72	53.21	46.63	31.22	41.79	47.72	55.03	51.81	55.81	52.3
Total Non-Current Liabilities+	3.26B	3.36B	3.23B	3.04B	3.55B	4.03B	5.39B	4.47B	4.09B	4.48B
Long-Term Debt	1.27B	1.28B	1.28B	1.28B	1.29B	1.69B	3.3B	2.51B	2.21B	2.7B
Capital Lease Obligations	0	0	0	0	164M	157M	194M	246M	228M	205M
Deferred Tax Liabilities	0	595M	380M	393M	0	0	313M	418M	367M	378M
Other Non-Current Liabilities	1.99B	2.08B	1.95B	1.75B	2.1B	2.19B	1.59B	1.3B	1.28B	1.2B
Total Liabilities	4.53B	4.7B	4.62B	4.87B	5.44B	6.26B	7.82B	7.37B	7.12B	7.47B
Total Debt+	1.27B	1.28B	1.28B	1.28B	1.45B	1.84B	3.49B	3.15B	2.67B	3.41B
Net Debt	379M	558M	578M	1.04B	1.38B	1.33B	2.87B	2.68B	2.24B	2.58B
Debt / Equity	0.85x	0.77x	0.73x	0.85x	0.91x	0.97x	1.24x	0.90x	0.65x	0.73x
Debt / EBITDA	1.17x	1.25x	1.19x	1.14x	1.49x	1.82x	4.48x	3.61x	2.75x	3.96x
Net Debt / EBITDA	0.35x	0.55x	0.54x	0.93x	1.42x	1.31x	3.68x	3.07x	2.31x	2.99x
Interest Coverage	6.62x	11.31x	9.24x	15.86x	10.61x	6.72x	5.46x	5.06x	6.57x	5.63x
Total Equity+	1.49B	1.65B	1.76B	1.52B	1.59B	1.9B	2.81B	3.49B	4.09B	4.67B
Equity Growth %	0.09%	0.11%	0.06%	-0.14%	0.05%	0.2%	0.48%	0.24%	0.17%	0.14%
Book Value per Share	30.85	35.02	38.38	34.61	38.36	46.82	69.68	87.01	102.58	118.43
Total Shareholders' Equity	1.49B	1.65B	1.76B	1.52B	1.59B	1.9B	2.81B	3.49B	4.09B	4.67B
Common Stock	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M
Retained Earnings	848M	1.32B	1.69B	2.61B	3.01B	3.53B	3.89B	4.28B	4.75B	5.1B
Treasury Stock	-492M	-684M	-972M	-1.76B	-1.97B	-2.06B	-2.16B	-2.21B	-2.29B	-2.45B
Accumulated OCI	-845M	-951M	-900M	-1.29B	-1.41B	-1.55B	-923M	-599M	-422M	-28M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	828M	822M	814M	914M	896M	1.09B	760M	766M	970M	393M
Operating CF Margin %	0.12%	0.12%	0.11%	0.11%	0.1%	0.12%	0.08%	0.07%	0.08%	0.03%
Operating CF Growth %	0.16%	-0.01%	-0.01%	0.12%	-0.02%	0.22%	-0.3%	0.01%	0.27%	-0.59%
Net Income	404M	573M	479M	836M	549M	696M	544M	579M	681M	550M
Depreciation & Amortization	180M	186M	205M	203M	227M	247M	293M	358M	347M	326M
Stock-Based Compensation	43M	36M	34M	36M	30M	23M	33M	36M	34M	23M
Deferred Taxes	-15M	85M	184M	10M	97M	23M	98M	2M	-113M	-122M
Other Non-Cash Items	105M	-9M	42M	-5M	32M	35M	6M	40M	6M	-12M
Working Capital Changes	111M	-49M	-130M	-166M	-39M	69M	-214M	-249M	15M	-372M
Change in Receivables	-41M	-22M	-35M	195M	-51M	-70M	58M	-196M	168M	256M
Change in Inventory	54M	75M	18M	40M	-11M	11M	-25M	-22M	-3M	-22M
Change in Payables	97M	-41M	102M	53M	-57M	304M	-169M	6M	264M	-315M
Cash from Investing+	-141M	-653M	-349M	-476M	-627M	-759M	-1.95B	-268M	-236M	-348M
Capital Expenditures	-188M	-285M	-382M	-463M	-530M	-353M	-331M	-284M	-292M	0
CapEx % of Revenue	0.03%	0.04%	0.05%	0.06%	0.06%	0.04%	0.03%	0.03%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	53M	4M	30M	74M	98M	11M	42M	-4M	17M	-348M
Cash from Financing+	-783M	-343M	-484M	-899M	-434M	103M	1.31B	-658M	-771M	356M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-81M	-98M	-115M	-132M	-149M	-172M	-186M	-192M	-200M	-206M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-54M	-51M	-68M	-25M	-23M	-26M	-29M	-14M	-16M	-47M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	640M	537M	432M	451M	366M	740M	429M	482M	678M	26M
FCF Margin %	0.09%	0.08%	0.06%	0.06%	0.04%	0.08%	0.05%	0.05%	0.06%	0%
FCF Growth %	0.16%	-0.16%	-0.2%	0.04%	-0.19%	1.02%	-0.42%	0.12%	0.41%	-0.96%
FCF per Share	13.25	11.38	9.43	10.30	8.84	18.23	10.65	12.02	16.99	0.66
FCF Conversion (FCF/Net Income)	2.05x	1.43x	1.70x	1.09x	1.63x	1.57x	1.40x	1.32x	1.42x	0.71x
Interest Paid	96M	71M	72M	62M	75M	89M	76M	100M	101M	101M
Taxes Paid	242M	229M	223M	142M	137M	155M	33M	127M	330M	255M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	28.3%	36.46%	28.09%	51.07%	35.37%	39.9%	23.1%	18.39%	17.96%	12.56%
Return on Invested Capital (ROIC)	34.5%	30.77%	28.67%	28.19%	20.18%	18.55%	8.19%	6.53%	7.48%	5.91%
Gross Margin	21.41%	20.66%	19.12%	21.91%	17.2%	17.84%	14.36%	13.49%	14.37%	12.57%
Net Margin	5.75%	8.11%	6.44%	10.22%	6.17%	7.44%	5.71%	5.42%	5.95%	4.77%
Debt / Equity	0.85x	0.77x	0.73x	0.85x	0.91x	0.97x	1.24x	0.90x	0.65x	0.73x
Interest Coverage	6.62x	11.31x	9.24x	15.86x	10.61x	6.72x	5.46x	5.06x	6.57x	5.63x
FCF Conversion	2.05x	1.43x	1.70x	1.09x	1.63x	1.57x	1.40x	1.32x	1.42x	0.71x
Revenue Growth	0.91%	0.68%	5.28%	9.88%	8.84%	5.19%	1.74%	12.1%	7.29%	0.71%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Newport News Shipbuilding	4.7B	4.09B	4.16B	2.83B	2.88B	3.06B	3.07B	4.82B	6.13B	5.97B
Newport News Shipbuilding Growth	-	-13.00%	1.83%	-32.01%	1.66%	6.18%	0.56%	56.88%	27.21%	-2.67%
Mission Technologies	-	-	-	-	-	-	-	2.18B	2.7B	2.94B
Mission Technologies Growth	-	-	-	-	-	-	-	-	23.75%	8.82%
Ingalls	2.19B	2.39B	2.42B	2.17B	2.06B	2.35B	2.33B	2.56B	2.75B	2.77B
Ingalls Growth	-	9.19%	1.30%	-10.45%	-4.94%	13.93%	-0.77%	9.83%	7.58%	0.55%
Technical Solutions	-	691M	952M	988M	1.31B	1.27B	1.48B	-	-	-
Technical Solutions Growth	-	-	37.77%	3.78%	32.49%	-3.13%	16.40%	-	-	-

Frequently Asked Questions

Valuation & Price

Huntington Ingalls Industries, Inc. (HII) has a price-to-earnings (P/E) ratio of 30.0x. This suggests investors expect higher future growth.

Growth & Financials

Huntington Ingalls Industries, Inc. (HII) reported $12.01B in revenue for fiscal year 2024. This represents a 83% increase from $6.58B in 2011.

Huntington Ingalls Industries, Inc. (HII) grew revenue by 0.7% over the past year. Growth has been modest.

Yes, Huntington Ingalls Industries, Inc. (HII) is profitable, generating $569.0M in net income for fiscal year 2024 (4.8% net margin).

Dividend & Returns

Yes, Huntington Ingalls Industries, Inc. (HII) pays a dividend with a yield of 1.25%. This makes it attractive for income-focused investors.

Huntington Ingalls Industries, Inc. (HII) has a return on equity (ROE) of 12.6%. This is reasonable for most industries.

Huntington Ingalls Industries, Inc. (HII) generated $823.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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