financial statements

The full income statement, balance sheet, and cash-flow statement for Huntington Ingalls Industries Inc. (HII), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

See the live HII chart & snapshot →

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	12.5B YoY+8.2%	11.5B YoY+0.7%	11.5B YoY+7.3%	10.7B YoY+12.1%	9.52B YoY+1.7%
Research & development	26.0M YoY-3.7%	27.0M YoY-22.9%	35.0M YoY-12.5%	40.0M YoY+17.6%	34.0M YoY+9.7%
Selling, general & administrative	977M YoY+0.4%	973M YoY-4.8%	1.02B YoY+10.6%	924M YoY+2.9%	898M YoY-0.7%
General & administrative	977M YoY+0.4%	973M YoY-4.8%	1.02B YoY+10.6%	924M YoY+2.9%	898M YoY-0.7%
Amortization of intangibles	104M YoY-4.6%	109M YoY-14.8%	128M YoY-8.6%	140M YoY+62.8%	86.0M YoY+53.6%
Provision for credit losses	—	—	6.00M YoY+185.7%	-7.00M YoY-200.0%	7.00M YoY+800.0%
Operating income	657M YoY+22.8%	535M YoY-31.5%	781M YoY+38.2%	565M YoY+10.1%	513M YoY-35.8%
Interest expense	105M YoY+10.5%	95.0M YoY+0.0%	95.0M YoY-6.9%	102M YoY+14.6%	89.0M YoY-21.9%
Other non-operating income	35.0M YoY+45.8%	24.0M YoY+26.3%	19.0M YoY+195.0%	-20.0M YoY-217.6%	17.0M YoY+183.3%
Equity-method income	46.0M YoY-6.1%	49.0M YoY+32.4%	37.0M YoY-22.9%	48.0M YoY+17.1%	41.0M YoY+28.1%
Pre-tax income	777M YoY+20.8%	643M YoY-24.6%	853M YoY+18.6%	719M YoY+15.6%	622M YoY-23.2%
Income tax	172M YoY+84.9%	93.0M YoY-45.9%	172M YoY+22.9%	140M YoY+79.5%	78.0M YoY-31.6%
Net income	605M YoY+10.0%	550M YoY-19.2%	681M YoY+17.6%	579M YoY+6.4%	544M YoY-21.8%
	$15.39 YoY+10.2%	$13.96 YoY-18.2%	$17.07 YoY+18.2%	$14.44 YoY+7.0%	$13.50 YoY-21.2%
EPS (basic)	$15.39 YoY+10.2%	$13.96 YoY-18.2%	$17.07 YoY+18.2%	$14.44 YoY+7.0%	$13.50 YoY-21.2%
Weighted-avg shares (basic)	39.3M YoY-0.3%	39.4M YoY-1.3%	39.9M YoY-0.5%	40.1M YoY-0.5%	40.3M YoY-0.7%
Weighted-avg shares (diluted)	39.3M YoY-0.3%	39.4M YoY-1.3%	39.9M YoY-0.5%	40.1M YoY-0.5%	40.3M YoY-0.7%
Dividends per share	$5.43 YoY+3.4%	$5.25 YoY+4.6%	$5.02 YoY+5.0%	$4.78 YoY+3.9%	$4.60 YoY+8.7%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.45B YoY+6.9%	3.23B YoY+12.1%	2.88B YoY+4.9%	2.75B YoY-1.6%	2.79B YoY+14.2%
Cash & equivalents	774M YoY-6.9%	831M YoY+93.3%	430M YoY-7.9%	467M YoY-25.5%	627M YoY+22.5%
Accounts receivable	339M YoY+59.9%	212M YoY-54.0%	461M YoY-27.5%	636M YoY+46.9%	433M YoY+9.1%
Inventory	389M YoY+0.0%	389M YoY+0.0%	389M YoY+0.0%	389M YoY+0.0%	389M YoY+0.0%
Prepaid expenses	77.0M YoY-14.4%	90.0M YoY+8.4%	83.0M YoY+66.0%	50.0M YoY+0.0%	50.0M YoY+11.1%
	12.7B YoY+5.0%	12.1B YoY+8.3%	11.2B YoY+3.3%	10.9B YoY+2.2%	10.6B YoY+30.3%
Property, plant & equipment	3.73B YoY+8.0%	3.45B YoY+4.7%	3.30B YoY+3.1%	3.20B YoY+2.9%	3.11B YoY+4.3%
Operating lease right-of-use	267M YoY+11.7%	239M YoY-8.8%	262M YoY-7.1%	282M YoY+17.0%	241M YoY+25.5%
Goodwill	2.65B YoY+1.2%	2.62B YoY+0.0%	2.62B YoY+0.0%	2.62B YoY-0.4%	2.63B YoY+62.5%
Intangible assets	694M YoY-11.3%	782M YoY-12.2%	891M YoY-12.6%	1.02B YoY-12.1%	1.16B YoY+126.4%
Deferred tax assets	99.0M YoY+0.0%	99.0M YoY+0.0%	99.0M YoY+0.0%	99.0M YoY+0.0%	99.0M YoY+0.0%
Other non-current assets	5.57B YoY+2.0%	5.46B YoY+8.4%	5.04B YoY+2.6%	4.91B YoY+3.9%	4.73B YoY+72.9%
	3.04B YoY+1.8%	2.99B YoY-1.4%	3.03B YoY+4.7%	2.90B YoY+19.3%	2.43B YoY+9.0%
Accounts payable	556M YoY-7.0%	598M YoY+7.9%	554M YoY-13.7%	642M YoY+6.5%	603M YoY+31.1%
Deferred revenue	1.22B YoY+57.6%	774M YoY-27.2%	1.06B YoY+38.8%	766M YoY+17.7%	651M YoY+11.3%
Short-term & current debt	503M YoY+0.0%	503M YoY+117.7%	231M YoY-42.1%	399M YoY+353.4%	88.0M YoY+0.0%
Current lease liability	58.0M YoY+13.7%	51.0M YoY+0.0%	51.0M YoY-1.9%	52.0M YoY+0.0%	52.0M YoY+40.5%
Other current liabilities	490M YoY+22.8%	399M YoY-11.1%	449M YoY+18.2%	380M YoY-10.2%	423M YoY+78.5%
	7.68B YoY+2.7%	7.47B YoY+5.0%	7.12B YoY-3.3%	7.37B YoY-5.8%	7.82B YoY+25.0%
Long-term debt	2.70B YoY+0.0%	2.70B YoY+22.0%	2.21B YoY-11.7%	2.51B YoY-24.0%	3.30B YoY+95.6%
Non-current lease liability	223M YoY+8.8%	205M YoY-10.1%	228M YoY-7.3%	246M YoY+26.8%	194M YoY+23.6%
Deferred tax liabilities	293M YoY+0.0%	293M YoY+0.0%	293M YoY+0.0%	293M YoY-6.4%	313M YoY+165.3%
Other non-current liabilities	339M YoY-16.7%	407M YoY+7.4%	379M YoY+3.6%	366M YoY+1.1%	362M YoY+14.9%
	5.07B YoY+8.7%	4.67B YoY+14.0%	4.09B YoY+17.3%	3.49B YoY+24.3%	2.81B YoY+47.7%
Additional paid-in capital	2.09B YoY+2.1%	2.04B YoY+0.0%	2.04B YoY+1.1%	2.02B YoY+1.2%	2.00B YoY+1.3%
Retained earnings	5.49B YoY+7.7%	5.10B YoY+7.2%	4.75B YoY+11.2%	4.28B YoY+9.9%	3.89B YoY+10.1%
Treasury stock	2.45B YoY+0.0%	2.45B YoY+7.1%	2.29B YoY+3.4%	2.21B YoY+2.4%	2.16B YoY+4.9%
Accumulated other comprehensive income	-53.0M YoY-89.3%	-28.0M YoY+93.4%	-422M YoY+29.5%	-599M YoY+35.1%	-923M YoY+40.3%
Total equity incl. non-controlling	5.07B YoY+8.7%	4.67B YoY+14.0%	4.09B YoY+17.3%	3.49B YoY+24.3%	2.81B YoY+47.7%
Total liabilities & equity	12.7B YoY+5.0%	12.1B YoY+8.3%	11.2B YoY+3.3%	10.9B YoY+2.2%	10.6B YoY+30.3%
Common shares issued	53.8M YoY+0.2%	53.7M YoY+0.2%	53.6M YoY+0.2%	53.5M YoY+0.2%	53.4M YoY+0.2%
Common shares outstanding	39.2M YoY+0.3%	39.1M YoY-1.2%	39.6M YoY-0.6%	39.9M YoY-0.3%	40.0M YoY-1.2%
Shares outstanding (cover)	39.2M YoY+0.3%	39.1M YoY-1.5%	39.7M YoY-0.5%	39.9M YoY-0.4%	40.1M YoY-1.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.20B YoY+204.3%	393M YoY-59.5%	970M YoY+26.6%	766M YoY+0.8%	760M YoY-30.5%
Depreciation & amortization	329M YoY+0.9%	326M YoY-6.1%	347M YoY-3.1%	358M YoY+22.2%	293M YoY+18.6%
Share-based compensation	54.0M YoY+134.8%	23.0M YoY-32.4%	34.0M YoY-5.6%	36.0M YoY+9.1%	33.0M YoY+43.5%
Deferred income taxes	203M YoY+266.4%	-122M YoY-8.0%	-113M YoY-5750.0%	2.00M YoY-98.0%	98.0M YoY+326.1%
Change in receivables	127M YoY+149.6%	-256M YoY-52.4%	-168M YoY-185.7%	196M YoY+437.9%	-58.0M YoY-182.9%
	-521M YoY-49.7%	-348M YoY-47.5%	-236M YoY+11.9%	-268M YoY+86.3%	-1.95B YoY-157.4%
Capital expenditure	402M YoY+9.5%	367M YoY+25.7%	292M YoY+2.8%	284M YoY-14.2%	331M YoY-6.2%
Acquisitions	132M	—	—	—	1.64B YoY+294.0%
Other investing activities	-2.00M YoY+60.0%	-5.00M YoY-66.7%	-3.00M YoY+0.0%	-3.00M YoY-50.0%	-2.00M YoY-133.3%
	-732M YoY-305.6%	356M YoY+146.2%	-771M YoY-17.2%	-658M YoY-150.3%	1.31B YoY+1170.9%
Long-term debt issued	—	1.00B	—	—	1.65B YoY+65.0%
Long-term debt repaid	500M YoY+118.3%	229M YoY-52.3%	480M YoY+20.0%	400M YoY+1500.0%	25.0M YoY-95.8%
Common stock repurchased	—	162M YoY+116.0%	75.0M YoY+44.2%	52.0M YoY-48.5%	101M YoY+20.2%
Dividends paid	213M YoY+3.4%	206M YoY+3.0%	200M YoY+4.2%	192M YoY+3.2%	186M YoY+8.1%
Other financing activities	-5.00M YoY+0.0%	-5.00M YoY-66.7%	-3.00M	—	—
Net change in cash	-57.0M YoY-114.2%	401M YoY+1183.8%	-37.0M YoY+76.9%	-160M YoY-239.1%	115M YoY-73.7%
Interest paid	108M YoY+6.9%	101M YoY+0.0%	101M YoY+1.0%	100M YoY+31.6%	76.0M YoY-14.6%
Income taxes paid	96.0M YoY-62.4%	255M YoY-22.7%	330M YoY+159.8%	127M YoY+284.8%	33.0M YoY-78.7%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	13.3B YoY+80.5%	7.39B YoY-28.3%	10.3B YoY+12.0%	9.20B YoY+23.0%	7.48B YoY+8.4%
P/E	22.1× YoY+64.1%	13.4× YoY-31.2%	19.5× YoY+22.1%	16.0× YoY+16.3%	13.8× YoY+38.7%
P/S	1.1× YoY+66.8%	0.6× YoY-31.3%	0.9× YoY+6.8%	0.9× YoY+11.3%	0.8× YoY+6.5%
P/B	2.6× YoY+66.0%	1.6× YoY-42.8%	2.8× YoY-8.3%	3.0× YoY+13.5%	2.7× YoY-26.6%
P/FCF	16.7× YoY-91.7%	199.8× YoY+1328.7%	14.0× YoY-78.4%	64.9× YoY+272.1%	17.4× YoY+86.9%
Earnings yield	4.5% YoY-39.0%	7.4% YoY+45.3%	5.1% YoY-18.1%	6.3% YoY-14.0%	7.3% YoY-27.9%
FCF yield	6.0% YoY+1098.0%	0.5% YoY-93.0%	7.1% YoY+363.9%	1.5% YoY-73.1%	5.7% YoY-46.5%
Dividend yield	1.6% YoY-42.5%	2.8% YoY+43.7%	1.9% YoY-6.7%	2.1% YoY-15.9%	2.5% YoY-0.7%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: HII's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HII filings on SEC EDGAR → Not investment advice.

HII▼ financial statements

About this data

financial statements