Huntington Ingalls Industries, Inc.
hii.comWhat Do They Do?
Builds naval ships for the U.S. Navy and Coast Guard, and develops defense technologies and provides support services for federal agencies.
10-K for FY2025, filed Feb 5, 2026Through our Ingalls segment, we design and construct non-nuclear ships for the U.S. Navy and U.S. Coast Guard, including amphibious assault…View ↗
The core business of our Newport News segment is designing and constructing nuclear-powered aircraft carriers and submarines, and the…View ↗
Our Mission Technologies segment is organized into four groups, All-Domain Operations, Warfare Systems, Global Security, and Unmanned…View ↗
Our revenues are primarily derived from the U.S. Government, including the U.S. Navy, the U.S. Coast Guard, the Department, the DoE, and…View ↗
How Do They Make Money?
Government customers pay for shipbuilding and defense services as work progresses; HII invoices and receives payments based on progress at least monthly.
10-K for FY2025, filed Feb 5, 2026The Ingalls and Newport News segments generate revenue primarily from performance under multi-year contracts with the U.S. Government…View ↗
-
10-K for FY2025, filed Feb 5, 2026
FY2025 revenue by product or service ↗
$12.5B
-
10-K for FY2025, filed Feb 5, 2026
$12.5B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
Recurring
10-K for FY2025, filed Feb 5, 2026 |
65%
FY2022: 68%
|
Product, FY2025
$8.1B Sources
|
Recurring |
|
Service
Recurring
10-K for FY2025, filed Feb 5, 2026 |
35%
FY2022: 32%
|
Service, FY2025
$4.4B Sources
|
Recurring |
Who Are Their Customers?
The U.S. Navy and Coast Guard are the main buyers, alongside other federal agencies. HII contracts as a prime contractor or subcontractor and also works as a team member or partner on government programs.
10-K for FY2025, filed Feb 5, 2026
10-K for FY2025, filed Feb 5, 2026
Our revenues are primarily derived from the U.S. Government, including the U.S. Navy, the U.S. Coast Guard, the Department, the DoE, and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2025 and turned 6 cents into free cash flow.
10-K for FY2025, filed Feb 5, 2026
$657MView ↗
10-K for FY2025, filed Feb 5, 2026
$605MView ↗
10-K for FY2025, filed Feb 5, 2026
$794MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Jul 30, 2026
Open tableView ↗
-
Jul 30, 2026
Raised shipbuilding revenue and operating-margin guidance
The FY26 shipbuilding revenue range rose from $9.7B–$9.9B to $10.2B–$10.4B; the margin floor rose from 5.5% to 6.0%.
Sources
8-K, filed Jul 30, 2026
Shipbuilding Revenue $9.7B - $9.9B $10.2B - $10.4BView ↗
Growing. Revenue grew 31% in 4 years, from $9.5B in FY2021 to $12.5B in FY2025, about 7% a year.
National security cutter production
The earlier report described national security cutters under construction; the latest says HII and the Coast Guard agreed to terminate production and delivery of the final cutter.
10-K for FY2022, filed Feb 9, 2023 10-K for FY2025, filed Feb 5, 2026The U.S. Coast Guard's recapitalization program is replacing aging and operationally expansive ships and aircraft used to conduct missions…View ↗
The U.S. Coast Guard's recapitalization program is replacing aging and operationally expansive ships and aircraft used to conduct missions…View ↗
Who Do They Compete With?
Competes with General Dynamics
10-K for FY2025, filed Feb 5, 2026Our Newport News and Ingalls segments compete primarily with General Dynamics and, in the case of certain non-nuclear shipbuilding…View ↗
Loading...
