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.
Net new backlog added in the latest quarter: $28.9B.
Over the last twelve months it turned about 25% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 0.9% of the backlog.
Twelve-month book-to-bill: 3.25, i.e. 3.25 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +42 points — orders are running ahead of revenue.
By backlog size it ranks 15th among US filers the cockpit tracks.
Huntington Ingalls Industries backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$86.2B
$13.5B
6.4 yrs
$780M
30 Jun 2026
$57.3B
$13.2B
4.3 yrs
$690M
31 Mar 2026
$54.0B
$12.8B
4.2 yrs
$822M
31 Dec 2025
$53.1B
$12.5B
4.3 yrs
$1.22B
30 Sep 2025
$55.7B
$12.0B
4.6 yrs
$893M
30 Jun 2025
$56.9B
$11.6B
4.9 yrs
$969M
31 Mar 2025
$48.0B
$11.5B
4.2 yrs
$647M
31 Dec 2024
$48.7B
$11.5B
4.2 yrs
$774M
30 Sep 2024
$49.4B
$11.7B
4.2 yrs
$743M
30 Jun 2024
$48.5B
$11.8B
4.1 yrs
$886M
31 Mar 2024
$48.4B
$11.6B
4.2 yrs
$936M
31 Dec 2023
$48.1B
$11.5B
4.2 yrs
$1.06B
Questions
What is Huntington Ingalls Industries's backlog?
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.
How fast does Huntington Ingalls Industries's backlog turn into revenue?
Over the last twelve months Huntington Ingalls Industries recognised revenue equal to about 25% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.