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America's largest military shipbuilder, building nuclear aircraft carriers, submarines and surface combatants for the US Navy.
America's largest military shipbuilder, building nuclear aircraft carriers, submarines and surface combatants for the US Navy.
Builds ships and refuels or overhauls them under long government contracts, so revenue is booked as work progresses over many years. Nuclear aircraft carriers come only from Newport News, which also builds Virginia-class submarines together with General Dynamics' Electric Boat. It was spun off from Northrop Grumman in 2011 and bought Alion in 2021 to add defense technology services.
Moat: wide (regulatory licence, scale, installed base). Only builder of US nuclear carriers; one of two submarine builders under decades-long Navy contracts.
Headquarters: Newport News, Virginia, US · Founded: 2011 · Employees: 44,000
Size Huntington Ingalls Industries (HII) is a United States Industrials company (Aerospace & Defense) with a market value of $11.4B, the 722nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $288.74 on 6 Nov 2026.
Performance Over six months the shares fell 8.3%, against -12.9% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 12.6% over the last twelve months (peer median +17.9%); the operating margin is 5.3% (peer median 10.6%).
Valuation It trades at 14.4× forward earnings against a peer median of 27.6× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.9 points above its cost of capital (6.2% WACC).
Backlog Backlog (remaining performance obligations) was $86.2B at 30 Sep 2026, up 55% on a year earlier — 6.4 years of trailing revenue. Backlog detail →
Credit Huntington Ingalls Industries has 5 bonds outstanding ($2.70B), rated BBB- by the agencies and trading like BBB+ at a weighted spread of 78 bp.
Short interest Short interest is 4.0% of the free float (15 Oct 2026).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $13.5B | $12.5B | $11.5B | $11.5B | $10.7B |
| Revenue growth | — | +8% | +1% | +7% | — |
| Gross profit | $1.72B | $1.58B | $1.45B | $1.65B | $1.44B |
| EBITDA | $1.04B | $937M | $803M | $971M | $874M |
| Net income | $733M | $605M | $550M | $681M | $579M |
| Free cash flow | $327M | $794M | $26.0M | $678M | $494M |
| Capital expenditure | $422M | $402M | $367M | $292M | $272M |
| Total debt | $2.93B | $2.98B | $3.46B | $2.72B | $3.20B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Huntington Ingalls Industries HII | $11.4B | -8% | +13% | 5% | 14.4× | 5.3% |
| General Dynamics GD | $95.7B | +3% | +10% | 10% | 19.4× | -2.5% |
| BWX Technologies BWXT | $11.0B | -42% | +18% | 10% | 23.8× | 19.6% |
| Fincantieri FCT.MI | $4.98B | +3% | -1% | 0% | 21.5× | 1.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HII | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.9% | +1.0% | 3rd highest of 21 |
| 6-month return | -8.3% | -12.9% | 10th highest of 21 |
| Distance from 52-week high | -37.0% | -32.4% | 9th lowest of 21 |
| Revenue growth (TTM) | +12.6% | +17.9% | 8th lowest of 21 |
| Operating margin | 5.3% | 10.6% | 4th lowest of 21 |
| Forward P/E | 14.4× | 27.6× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 5.3% | 16.2% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +5.9% | +7.9% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | -0.6 pp | +3.4 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | +0.9 pp | +2.0 pp | 10th lowest of 21 |
| EV / EBITDA | 13.4× | 21.1× | 4th cheapest of 14 |
| Net debt / EBITDA | 2.5× | 1.7× | 5th most indebted of 14 |
| Bond spread | 78 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Huntington Ingalls Industries HII | United States | $11.4B | -8% | +13% | 5% | 14.4× | 5.3% | +5.9% |
| Crane CR | United States | $11.6B | +11% | +22% | 18% | 25.8× | 17.5% | -3.5% |
| BWX Technologies BWXT | United States | $11.0B | -42% | +18% | 10% | 23.8× | 19.6% | +8.5% |
| Jonhon Optronic Technology 002179.SZ | China | $10.7B | -7% | +6% | 11% | 30.4× | n/a | n/a |
| Moog MOG-A | United States | $10.3B | +3% | +16% | 12% | 27.8× | 15.1% | +6.0% |
| Hensoldt HAG.DE | Germany | $10.0B | +2% | +15% | 10% | 41.3× | 12.2% | +15.3% |
| AVIC Xi'an Aircraft Industry 000768.SZ | China | $9.92B | +1% | -34% | 3% | 55.7× | n/a | n/a |
| Embraer S.A. Sponsored ADR EMBJ | United States | $14.1B | +23% | +20% | 8% | 23.6× | 16.9% | +14.5% |
| Textron TXT | United States | $14.2B | -8% | +9% | 7% | 11.9× | 8.3% | +4.9% |
| Leonardo DRS DRS | United States | $9.08B | -18% | +9% | 11% | 23.1× | 4.6% | +5.6% |
| Csg CSG.AS | Netherlands | $14.6B | -20% | +72% | 25% | 11.7× | n/a | n/a |
| Raytron Technology 688002.SS | China | $8.64B | -15% | +84% | 29% | 26.4× | 20.1% | +32.1% |
| AVIC Airborne Systems 600372.SS | China | $8.36B | -11% | -2% | 5% | 48.1× | n/a | n/a |
| AECC Aviation Power 600893.SS | China | $15.8B | -15% | +18% | 2% | 173.7× | n/a | n/a |
| Melrose Industries MRO.L | United Kingdom | $7.80B | -4% | +9% | 11% | 13.4× | 15.3% | -12.8% |
| Curtiss-Wright CW | United States | $17.1B | -36% | +11% | 19% | 27.4× | 16.2% | +7.9% |
| Korea Aerospace 047810.KS | South Korea | $7.37B | -39% | +44% | 6% | 45.4× | n/a | n/a |
| Loar LOAR | United States | $7.05B | +26% | +30% | 25% | 52.2× | 29.1% | +27.5% |
| FTAI Aviation FTAI | United States | $18.4B | -33% | +46% | 23% | 16.7× | n/a | n/a |
| Hanwha Systems 272210.KS | South Korea | $6.93B | -57% | +30% | 6% | 82.5× | n/a | n/a |
| Kratos Defense & Security Solutions KTOS | United States | $6.59B | -39% | +26% | 2% | 36.4× | n/a | n/a |
Huntington Ingalls Industries has 5 bonds outstanding with $2.70B face value. The agencies rate it BBB-; its bonds trade like BBB+. Weighted yield 5.28%, a spread of 78 bp over government bonds.
Huntington Ingalls Industries reported $86.2B of remaining performance obligations at 30 Sep 2026, up 55% from a year earlier and up 50% from the previous quarter. That is 6.4 years of trailing revenue already under contract. Book-to-bill last quarter: 9.17.