Latest revenue
$3.10B
as of 2026-03-31
Latest net income
$149.0M
as of 2026-03-31
Net margin
4.8%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $12.63B
- Enterprise value
- $15.91B
- P/E (trailing)
- 20.9×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 1.7%
- 52-wk high
- $460.00
- 52-wk low
- $215.04
- Beta
- —
- Shares out
- 39.4M
5-year trend
What this company does
Huntington Ingalls Industries builds nuclear-powered aircraft carriers, submarines, and amphibious warships for the U.S. Navy and Coast Guard, and provides defense technology services through its Mission Technologies arm. Revenue comes almost entirely from long-term U.S. government shipbuilding contracts, with product sales (ships) generating roughly two-thirds of the $9 billion nine-month top line. As America's largest military shipbuilder, HII is ramping production with operating income up 14% year-to-date and capex rising, while drawing down cash to repay $500 million of debt and fund a $132 million acquisition.
Key risks
- Customer concentration: nearly all revenue derives from U.S. Navy/government shipbuilding contracts, exposing HII to defense budget and program timing risk.
- Liquidity tightening: cash fell to $312M from $831M YTD; long-term debt $2.7B and contract assets grew to $1.87B, straining working capital.
- Fixed-price shipbuilding execution risk: contract assets up $186M and inventoried costs rising signal potential cost overruns on long-cycle Navy programs.
Profitability
Operating margin
5.3%
13.5%Net margin
4.8%
1.6%Return on equity
11.9%
1.2%Return on assets
4.7%
4.8%Leverage
Debt / equity
1.51×
5.5%Long-term debt / equity
0.53×
8.0%Debt / assets
60.2%
2.2%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $3.10B | +13.4% | $149.0M | 0.0% | 4.8% |
Q4 2025 2025-12-31 | $3.48B | +15.7% | $159.0M | +29.3% | 4.6% |
Q3 2025 2025-09-30 | $3.19B | +16.1% | $145.0M | +43.6% | 4.5% |
Q2 2025 2025-06-30 | $3.08B | +3.5% | $152.0M | -12.1% | 4.9% |
Q1 2025 2025-03-31 | $2.73B | -2.5% | $149.0M | -2.6% | 5.4% |
Q4 2024 2024-12-31 | $3.00B | — | $123.0M | — | 4.1% |
Q3 2024 2024-09-30 | $2.75B | -2.4% | $101.0M | -31.8% | 3.7% |
Q2 2024 2024-06-30 | $2.98B | +6.8% | $173.0M | +33.1% | 5.8% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Ship & Boat Building & Repairing · SIC 3730
Your notes
Keep private notes on HII — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$954.7K
Insider selling
$15.0M
Net activity
−$14.0M
Distinct insiders
9
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns HII
Institutional value
$6.65B
Total shares held
18.4M
Distinct holders
651
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 3.2M | $1.23B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 2.6M | $969.8M | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.0M | $770.0M | — | New |
| 4 | Invesco Ltd. | 927.6K | $352.4M | — | New |
| 5 | FIRST TRUST ADVISORS LP | 832.5K | $316.2M | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 766.1K | $291.0M | — | New |
| 7 | SEI INVESTMENTS CO | 471.4K | $179.1M | — | New |
| 8 | JPMORGAN CHASE & CO | 376.9K | $139.1M | — | New |
| 9 | TD ASSET MANAGEMENT INC | 359.0K | $136.4M | — | New |
| 10 | Bank of New York Mellon Corp | 278.9K | $106.0M | — | New |
| 11 | UBS Group AG | 239.7K | $91.1M | — | New |
| 12 | VANGUARD FIDUCIARY TRUST CO | 221.0K | $83.9M | — | New |
| 13 | DIAMOND HILL CAPITAL MANAGEMENT INC | 204.8K | $77.8M | — | New |
| 14 | VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | 183.7K | $69.8M | — | New |
| 15 | JANE STREET GROUP, LLC | 166.2K | $63.1M | — | New |
| 16 | LPL Financial LLC | 155.1K | $58.9M | — | New |
| 17 | PRINCIPAL FINANCIAL GROUP INC | 147.3K | $56.0M | — | New |
| 18 | WELLS FARGO & COMPANY/MN | 144.9K | $55.0M | — | New |
| 19 | ENVESTNET ASSET MANAGEMENT INC | 130.3K | $49.5M | — | New |
| 20 | TODD ASSET MANAGEMENT LLC | 126.4K | $48.0M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Operating margin recovered to 5.0% in Q3 versus 3.0% last year—what specific shipbuilding programs drove this, and is it sustainable into 2026?
- 2
Contract assets grew $186M YTD while cash dropped to $312M from $831M—when does working capital normalize and milestone billing accelerate?
- 3
Effective tax rate jumped to 28.9% in Q3 versus 9.8% last year—what drove this and what should we model going forward?