Huntington Ingalls Industries Inc (HII) financial statements: income statement, balance sheet and cash flow

Huntington Ingalls Industries Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Huntington Ingalls Industries Inc reported revenue of $12.5B (+8.2% year on year) and net income of $605.0M (+10.0% year on year).

Income statement

Huntington Ingalls Industries Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Sales and service revenues	$12.5B	$11.5B	$11.5B	$10.7B
Cost of sales and services revenues	$10.9B	$10.1B	$9.8B	$9.2B
Income (loss) from operating investments, net	$46.0M	$49.0M	$37.0M	$48.0M
Other income and gains, net	$3.0M	$9.0M	$120.0M	$1.0M
General and administrative expenses	$977.0M	$973.0M	$1.0B	$924.0M
Operating income (loss)	$657.0M	$535.0M	$781.0M	$565.0M
Interest expense	($105.0M)	($95.0M)	($95.0M)	($102.0M)
Non-operating retirement benefit (expense)	$190.0M	$179.0M	$148.0M	$276.0M
Other, net	$35.0M	$24.0M	$19.0M	($20.0M)
Earnings (loss) before income taxes	$777.0M	$643.0M	$853.0M	$719.0M
Federal and foreign income taxes	$172.0M	$93.0M	$172.0M	$140.0M
Net earnings (loss)	$605.0M	$550.0M	$681.0M	$579.0M
Basic earnings (loss) per share	$15.39	$13.96	$17.07	$14.44
Weighted-average common shares outstanding (in shares)	39.3M	39.4M	39.9M	40.1M
Diluted earnings (loss) per share	$15.39	$13.96	$17.07	$14.44
Weighted-average diluted shares outstanding (in shares)	39.3M	39.4M	39.9M	40.1M
Change in unamortized benefit plan costs	($33.0M)	$528.0M	$238.0M	$436.0M
Tax benefit (expense) for items of other comprehensive income	$8.0M	($134.0M)	($61.0M)	($112.0M)
Other comprehensive income (loss), net of tax	($25.0M)	$394.0M	$177.0M	$324.0M
Comprehensive income (loss)	$580.0M	$944.0M	$858.0M	$903.0M

Huntington Ingalls Industries Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Sales and service revenues	$3.4B	$3.1B	$3.2B	$3.1B
Cost of sales and service revenues	$3.0B	$2.7B	$2.8B	$2.7B
Income (loss) from operating investments, net	$21.0M	$5.0M	$12.0M	$8.0M
General and administrative expenses	$242.0M	$258.0M	$245.0M	$241.0M
Operating income (loss)	$210.0M	$155.0M	$161.0M	$163.0M
Interest expense	($27.0M)	($22.0M)	($23.0M)	($28.0M)
Non-operating retirement benefit	$53.0M	$53.0M	$48.0M	$47.0M
Other, net	$18.0M	$2.0M	$18.0M	$6.0M
Earnings (loss) before income taxes	$254.0M	$188.0M	$204.0M	$188.0M
Federal and foreign income tax expense (benefit)	$46.0M	$39.0M	$59.0M	$36.0M
Net earnings (loss)	$208.0M	$149.0M	$145.0M	$152.0M
Basic earnings (loss) per share (in dollars per share)	$5.27	$3.79	$3.69	$3.86
Weighted-average common shares outstanding (in shares)	39.5M	39.3M	39.3M	39.4M
Diluted earnings (loss) per share	$5.27	$3.79	$3.68	$3.86
Weighted-average diluted shares outstanding (in shares)	39.5M	39.3M	39.4M	39.4M
Dividends declared per share	$1.38	$1.38	$1.35	$1.35
Change in unamortized benefit plan costs	$2.0M	$2.0M	$1.0M	$1.0M
Other comprehensive income (loss), net of tax	$2.0M	$1.0M	—	$1.0M
Comprehensive income (loss)	$210.0M	$150.0M	$145.0M	$153.0M

Balance sheet

Huntington Ingalls Industries Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$774.0M	$831.0M	$430.0M	$467.0M
Accounts receivable, net	$339.0M	$212.0M	$461.0M	$636.0M
Contract assets	$1.8B	$1.7B	$1.5B	$1.2B
Inventoried costs	$219.0M	$208.0M	$186.0M	$183.0M
Income taxes receivable	$284.0M	$204.0M	$183.0M	$170.0M
Prepaid expenses and other current assets	$77.0M	$90.0M	$83.0M	$50.0M
Total current assets	$3.5B	$3.2B	$2.9B	$2.7B
Land and land improvements	$400.0M	$377.0M	$351.0M	$344.0M
Buildings and leasehold improvements	$3.5B	$3.2B	$3.0B	$2.8B
Machinery and other equipment	$2.4B	$2.3B	$2.2B	$2.1B
Capitalized software costs	$195.0M	$207.0M	$261.0M	$246.0M
Property, plant and equipment, gross	$6.5B	$6.0B	$5.8B	$5.5B
Accumulated depreciation and amortization	($2.8B)	($2.6B)	($2.5B)	($2.3B)
Property, plant, and equipment, net	$3.7B	$3.5B	$3.3B	$3.2B
Operating lease assets	$267.0M	$239.0M	$262.0M	$282.0M
Goodwill	$2.6B	$2.6B	$2.6B	$2.6B
Other intangible assets, net	$694.0M	$782.0M	$891.0M	$1.0B
Pension plan assets	$1.5B	$1.4B	$888.0M	$600.0M
Miscellaneous other assets	$417.0M	$402.0M	$380.0M	$394.0M
Total other assets	$5.6B	$5.5B	$5.0B	$4.9B
Total assets	$12.7B	$12.1B	$11.2B	$10.9B
Trade accounts payable	$556.0M	$598.0M	$554.0M	$642.0M
Accrued employees' compensation	$443.0M	$392.0M	$382.0M	$345.0M
Current portion of postretirement plan liabilities	$119.0M	$124.0M	$129.0M	$134.0M
Current portion of workers' compensation liabilities	$217.0M	$201.0M	$224.0M	$229.0M
Contract liabilities	$1.2B	$774.0M	$1.1B	$766.0M
Other current liabilities	$490.0M	$399.0M	$449.0M	$380.0M
Total current liabilities	$3.0B	$3.0B	$3.0B	$2.9B
Long-term debt	$2.7B	$2.7B	$2.2B	$2.5B
Pension plan liabilities	$155.0M	$142.0M	$212.0M	$214.0M
Other postretirement plan liabilities	$200.0M	$209.0M	$241.0M	$260.0M
Workers' compensation liabilities	$442.0M	$443.0M	$449.0M	$463.0M
Long-term operating lease liabilities	$223.0M	$205.0M	$228.0M	$246.0M
Deferred tax liabilities	$572.0M	$378.0M	$367.0M	$418.0M
Other long-term liabilities	$339.0M	$407.0M	$379.0M	$366.0M
Total liabilities	$7.7B	$7.5B	$7.1B	$7.4B
Common stock	$1.0M	$1.0M	$1.0M	$1.0M
Additional paid-in capital	$2.1B	$2.0B	$2.0B	$2.0B
Retained earnings (deficit)	$5.5B	$5.1B	$4.8B	$4.3B
Treasury stock	($2.4B)	($2.4B)	($2.3B)	($2.2B)
Accumulated other comprehensive income (loss)	($53.0M)	($28.0M)	($422.0M)	($599.0M)
Total stockholders' equity	$5.1B	$4.7B	$4.1B	$3.5B
Total liabilities and stockholders' equity	$12.7B	$12.1B	$11.2B	$10.9B

Huntington Ingalls Industries Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$12.0M	$216.0M	$312.0M	$343.0M
Accounts receivable, net	$452.0M	$406.0M	$374.0M	$377.0M
Contract assets	$2.2B	$2.0B	$1.9B	$1.8B
Inventoried costs, net	$236.0M	$230.0M	$221.0M	$215.0M
Income taxes receivable	$279.0M	$278.0M	$227.0M	$153.0M
Prepaid expenses and other current assets	$106.0M	$98.0M	$75.0M	$74.0M
Total current assets	$3.2B	$3.2B	$3.1B	$3.0B
Property, plant, and equipment, net	$3.8B	$3.7B	$3.6B	$3.6B
Operating lease assets	$282.0M	$274.0M	$269.0M	$242.0M
Goodwill	$2.6B	$2.6B	$2.6B	$2.7B
Other intangible assets, net	$651.0M	$673.0M	$720.0M	$746.0M
Pension plan assets	$1.6B	$1.6B	$1.5B	$1.5B
Miscellaneous other assets	$427.0M	$391.0M	$431.0M	$418.0M
Total assets	$12.7B	$12.5B	$12.3B	$12.1B
Trade accounts payable	$737.0M	$692.0M	$680.0M	$650.0M
Accrued employees' compensation	$386.0M	$345.0M	$371.0M	$384.0M
Current portion of postretirement plan liabilities	$119.0M	$119.0M	$124.0M	$124.0M
Current portion of workers' compensation liabilities	$220.0M	$219.0M	$202.0M	$203.0M
Contract liabilities	$690.0M	$822.0M	$893.0M	$969.0M
Other Liabilities, Current	$481.0M	$505.0M	$432.0M	—
Total current liabilities	$2.6B	$2.7B	$2.7B	$2.8B
Long-term debt	$2.7B	$2.7B	$2.7B	$2.7B
Pension plan liabilities	$155.0M	$155.0M	$142.0M	$142.0M
Other postretirement plan liabilities	$189.0M	$195.0M	$195.0M	$199.0M
Workers' compensation liabilities	$450.0M	$446.0M	$451.0M	$449.0M
Long-term operating lease liabilities	$233.0M	$230.0M	$228.0M	$206.0M
Deferred tax liabilities	$662.0M	$615.0M	$501.0M	$359.0M
Other long-term liabilities	$346.0M	$342.0M	$408.0M	$411.0M
Total liabilities	$7.4B	$7.4B	$7.3B	$7.2B
Common stock	$1.0M	$1.0M	$1.0M	$1.0M
Additional paid-in capital	$2.1B	$2.1B	$2.1B	$2.1B
Retained earnings (deficit)	$5.7B	$5.6B	$5.4B	$5.3B
Treasury stock	($2.4B)	($2.4B)	($2.4B)	($2.4B)
Accumulated other comprehensive income (loss)	($50.0M)	($52.0M)	($26.0M)	($26.0M)
Total stockholders' equity	$5.3B	$5.1B	$5.0B	$4.9B
Total liabilities and stockholders' equity	$12.7B	$12.5B	$12.3B	$12.1B

Cash flow statement

Huntington Ingalls Industries Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net earnings (loss)	$605.0M	$550.0M	$681.0M	$579.0M
Depreciation	$225.0M	$217.0M	$219.0M	$218.0M
Amortization of purchased intangibles	$104.0M	$109.0M	$128.0M	$140.0M
Stock-based compensation	$54.0M	$23.0M	$34.0M	$36.0M
Deferred income taxes	$203.0M	($122.0M)	($113.0M)	$2.0M
Gain on investments in marketable securities	($34.0M)	$22.0M	—	—
Other non-cash transactions, net	$23.0M	$10.0M	$15.0M	$14.0M
Accounts receivable	($127.0M)	$256.0M	$168.0M	($196.0M)
Contract assets	($75.0M)	($146.0M)	($297.0M)	$70.0M
Inventoried costs	($11.0M)	($22.0M)	($3.0M)	($22.0M)
Prepaid expenses and other assets	($66.0M)	($33.0M)	($42.0M)	$20.0M
Accounts payable and accruals	$449.0M	($315.0M)	$264.0M	$6.0M
Retiree benefits	($154.0M)	($112.0M)	($75.0M)	($127.0M)
Net cash provided by (used in) operating activities	$1.2B	$393.0M	$970.0M	$766.0M
Capital expenditure additions	($402.0M)	($367.0M)	($292.0M)	($284.0M)
Grant proceeds for capital expenditures	$6.0M	$14.0M	$14.0M	$12.0M
Acquisitions of businesses, net of cash received	($132.0M)	—	—	—
Proceeds from sale of investments	$5.0M	—	—	—
Other investing activities, net	$2.0M	$5.0M	$3.0M	$9.0M
Net cash provided by (used in) investing activities	($521.0M)	($348.0M)	($236.0M)	($268.0M)
Repayment of long-term debt	($500.0M)	($229.0M)	($480.0M)	($400.0M)
Dividends paid	($213.0M)	($206.0M)	($200.0M)	($192.0M)
Employee taxes on certain share-based payment arrangements	($14.0M)	($25.0M)	($13.0M)	($14.0M)
Other financing activities, net	($5.0M)	($5.0M)	($3.0M)	—
Net cash provided by (used in) financing activities	($732.0M)	$356.0M	($771.0M)	($658.0M)
Change in cash and cash equivalents	($57.0M)	$401.0M	($37.0M)	($160.0M)
Cash and cash equivalents, beginning of period	$831.0M	$430.0M	$467.0M	$627.0M
Cash and cash equivalents, end of period	$774.0M	$831.0M	$430.0M	$467.0M
Cash paid for interest	$108.0M	$101.0M	$101.0M	$100.0M
Capital expenditures accrued in accounts payable	$23.0M	$23.0M	$29.0M	$12.0M

Huntington Ingalls Industries Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net earnings (loss)	$357.0M	$149.0M	$446.0M	$301.0M
Depreciation	$112.0M	$55.0M	$164.0M	$110.0M
Amortization of purchased intangibles	$43.0M	$21.0M	$78.0M	$52.0M
Stock-based compensation	$31.0M	$21.0M	$43.0M	$33.0M
Deferred income taxes	$89.0M	$43.0M	$121.0M	($19.0M)
Loss (gain) on investments in marketable securities	($19.0M)	$3.0M	($28.0M)	($10.0M)
Other non-cash transactions, net	$12.0M	$3.0M	$15.0M	$9.0M
Accounts Receivable	($113.0M)	($67.0M)	($162.0M)	($165.0M)
Contract assets	($396.0M)	($231.0M)	($186.0M)	($128.0M)
Inventoried costs	($17.0M)	($11.0M)	($13.0M)	($7.0M)
Prepaid expenses and other assets	($17.0M)	$7.0M	($23.0M)	$57.0M
Accounts payable and accruals	($413.0M)	($338.0M)	$207.0M	$272.0M
Retiree benefits	($90.0M)	($45.0M)	($116.0M)	($77.0M)
Net cash provided by (used in) operating activities	($421.0M)	($390.0M)	$546.0M	$428.0M
Capital expenditure additions	($193.0M)	($74.0M)	($268.0M)	($163.0M)
Grant proceeds for capital expenditures	$3.0M	$3.0M	$6.0M	$3.0M
Other investing activities, net	$1.0M	—	$2.0M	$2.0M
Net cash provided by (used in) investing activities	($189.0M)	($71.0M)	($387.0M)	($291.0M)
Proceeds from revolving credit facility borrowings	$17.0M	$15.0M	—	—
Repayment of revolving credit facility borrowings	($17.0M)	($15.0M)	—	—
Dividends paid	($109.0M)	($54.0M)	($159.0M)	($106.0M)
Employee taxes on certain share-based payment arrangements	($43.0M)	($43.0M)	($14.0M)	($14.0M)
Net cash provided by (used in) financing activities	($152.0M)	($97.0M)	($678.0M)	($625.0M)
Change in cash and cash equivalents	($762.0M)	($558.0M)	($519.0M)	($488.0M)
Cash and cash equivalents, beginning of period	$774.0M	$774.0M	$831.0M	$831.0M
Cash and cash equivalents, end of period	$12.0M	$216.0M	$312.0M	$343.0M
Cash paid for income taxes (net of refunds)	$12.0M	—	$71.0M	$55.0M
Cash paid for interest	$59.0M	$35.0M	$86.0M	$42.0M
Capital expenditures accrued in accounts payable	$14.0M	$13.0M	$7.0M	$6.0M

Huntington Ingalls Industries Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.