# Huntington Ingalls Industries, Inc. (HII)

> Source: Nexqual · https://nexqual.com/HII · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Huntington Ingalls Industries, Inc. (HII), nexqual.com/HII" · informational, not investment advice.

**Price:** USD 278.86 (+1.79% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 273.95 · day 274.06–280.42 · 52w 255.36–460 · market cap $11.0B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $13.2B, net income $661M (5.0% margin), free cash flow -$82.0M (SEC filings).
- Valuation: P/E 16.6x (avg 16.9x at the last 3 fiscal year-ends), EV/EBITDA 13.4x, net debt $2.69B.
- 1 of 80 tracked superinvestors hold HII (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Buy (mean 2.42 on a 1–5 scale) (12 analysts), mean target USD 356.42 (range 281–406).
- Total return with dividends: 1Y -2.3% vs S&P 500 +14.9%; 5Y +46.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 4.43, revenue estimate $3.37B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $9.52B | $10.7B | $11.5B | $11.5B | $12.5B | $13.2B |
| Operating income | $513M | $565M | $781M | $535M | $657M | $698M |
| Net income | $544M | $579M | $681M | $550M | $605M | $661M |
| EPS (diluted) | $13.50 | $14.44 | $17.07 | $13.96 | $15.39 | — |
| Free cash flow | $429M | $482M | $678M | $26.0M | $794M | -$82.0M |
| Operating margin | 5.4% | 5.3% | 6.8% | 4.6% | 5.3% | 5.3% |
| Net margin | 5.7% | 5.4% | 5.9% | 4.8% | 4.8% | 5.0% |
| Revenue growth | +1.7% | +12.1% | +7.3% | +0.7% | +8.2% | — |
| Cash + short-term investments | $627M | $467M | $430M | $831M | $774M | — |
| Total debt | $3.30B | $2.90B | $2.44B | $3.20B | $2.70B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 16.6x · P/S 0.8x · EV/EBITDA 13.4x · EV/Sales 1.0x · P/B 2.1x · FCF yield -0.75% · Earnings yield 6.02% · Dividend yield (paid, TTM) 1.97% · Net debt $2.69B · EV $13.7B
P/E at fiscal year-ends: Dec 2025 22.1x, Dec 2024 13.5x, Dec 2023 15.2x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold HII. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Thomas Gayner | Markel Group | 0.06% | $7.7M | Unchanged |

## Analysts
Consensus Buy (mean 2.42 on a 1–5 scale), 12 analysts; mean target USD 356.42 (low 281, high 406).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Bernstein | Target lowered | Market Perform | $327 → $304 |
| 2026-10-09 | TD Cowen | Target lowered | Buy | $360 → $340 |
| 2026-09-23 | Bernstein | Target lowered | Market Perform | $341 → $327 |
| 2026-08-04 | Wells Fargo | Target raised | Equal-Weight | $325 → $340 |
| 2026-07-31 | Citigroup | Target raised | Buy | $349 → $379 |
| 2026-07-13 | TD Cowen | Target lowered | Buy | $420 → $360 |
| 2026-07-01 | Citigroup | Target lowered | Buy | $405 → $349 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -2.3% | +46.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -2.3% | +7.8% |
| Volatility (annualized) | 38.3% | 32.2% |
| Max drawdown | -42.8% (Mar 2026→Sep 2026) | -44.1% (Mar 2024→Feb 2025) |

## Peers (Aerospace & Defense)
MOG-A (Moog Inc.) USD 341.71 -6.96% · BWXT (BWX Technologies, Inc.) USD 127.3 -5.78% · DRS (Leonardo DRS, Inc.) USD 34.3 +1.06% · EMBJ (Embraer S.A.) USD 69.21 -5.06% · TXT (Textron Inc.) USD 78.04 +0.98% · CAE (CAE Inc) USD 25.02 +2.08%

## More
Full page: https://nexqual.com/HII · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in HII's own 10-K filed 2026-02-05 (https://www.sec.gov/Archives/edgar/data/1501585/000150158526000006/hii-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Electric Boat | "Work on the reactor plant and the final assembly, test, outfit, and delivery of the submarines to the U.S. Navy alternates between Electric Boat and us." |
| Partner | GENERAL DYNAMICS CORP (GD) | "We have a teaming agreement with Electric Boat Corporation ("Electric Boat"), a division of General Dynamics Corporation ("General Dynamics"), to build Virginia class (SSN 774) fast attack nuclear submarines." |
| Partner | Titan Acquisition Corp. (TACH) | "In 2021, the Company contributed its San Diego Shipyard business to a joint venture, Titan Acquisition Holdings, L.P. ("Titan"), in exchange for a 10% non-controlling interest, which was recorded under the equity method …" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Newport News | $1.85B | 54.1% | +15.3% | $111.0M | 6.0% |
| Ingalls | $845.0M | 24.7% | +16.7% | $58.0M | 6.9% |
| Mission Technologies | $760.0M | 22.2% | -3.9% | $55.0M | 7.2% |
| Total revenue | $3.42B | 100% | — | $210.0M | 6.1% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Product | $2.27B | 66.4% | +16.0% |
| Service | $1.15B | 33.6% | +2.0% |
| Total revenue | $3.42B | 100% | — |

## Company outlook (8-K filed 2026-07-30)

- "Please see the "Forward-looking Statements" section in this release and our Form 10-Q for factors that may impact the company's ability to meet expectations. 2 Non-GAAP measures."
- "For the same reasons, we are unable to address the significance of the unavailable information, which could be material to future results. 3 Outlook is based on current tax law."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $4.43 | $4.65 | -4.9% | $3.37B | 11 |
| Next quarter (ends 2026-12-31) | $5.13 | $5.04 | +1.7% | $3.51B | 10 |
| Current fiscal year (ends 2026-12-31) | $18.50 | $17.35 | +6.7% | $13.36B | 11 |
| Next fiscal year (ends 2027-12-31) | $21.01 | $20.17 | +4.2% | $14.22B | 10 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-29): ±10.7%; last 8 reports averaged ±10.4%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 47.4% | ±10.7% |
| 2026-12-18 | 56 | 39.2% | ±12.4% |
| 2027-03-19 | 147 | 35.5% | ±17.9% |
| 2027-06-17 | 237 | 34.9% | ±22.2% |