10-K · February 5, 2026
HII reports a stronger 2025 with Q4 revenue of $3.48B and diluted EPS of $4.04, and full-year revenue of approximately $12.48B (sum of quarterly results). The company highlights exclusive positions in carrier RCOH and…
Earnings analysis · 10-Q
HII earnings analysis
Filed May 5, 2026 · Our reading of the company's report
The latest report
Huntington Ingalls Industries (HII) reported Q1 2026 results with revenues of $3.1 billion and EPS of $3.79, surpassing consensus estimates of $3.02 billion in revenue and $3.72 in EPS. Revenue increased by 13%…
Read full summary
Huntington Ingalls Industries (HII) reported Q1 2026 results with revenues of $3.1 billion and EPS of $3.79, surpassing consensus estimates of $3.02 billion in revenue and $3.72 in EPS. Revenue increased by 13% year-over-year, primarily due to strong performances across the Ingalls and Newport News segments. However, the company faced challenges, including decreased operating income and ongoing free cash outflows, leading to cautious management outlook on costs and operational efficiency.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $3.79
- Operating margin
- 5.0%
- Segment
- Ingalls
- Segment
- Newport News
- Segment
- Mission Technologies
What stood out
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Revenue Growth
Total revenue increased by $365 million to $3.1 billion, up 13% year-over-year.
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EPS Meets Expectations
Reported EPS of $3.79, slightly above consensus estimates of $3.72.
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Newport News Growth
Newport News segment revenues grew 19% to $1.665 billion.
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Ingalls Segment Performance
Ingalls revenues increased to $725 million, up 14% from previous year.
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Reduced Interest Expense
Interest expense decreased from $28 million in Q1 2025 to $22 million in Q1 2026.
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Stable Backlog
Total backlog rose to $54 billion, up from $53.1 billion in the prior period.
What to watch
-
Negative Free Cash Flow
Free cash flow remained negative at -$461 million, worsening slightly from -$462 million year-over-year.
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Decreased Operating Income
Operating income fell 4% to $155 million compared to $161 million in Q1 2025.
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Contract Performance Headwinds
Operating margin pressures attributed to rising costs and contract adjustments.
Management's outlook
HII reaffirms FY26 revenue guidance of $12.5 billion to $13.0 billion.
Earlier filings 4
10-Q · October 30, 2025
HII reported Q3 sales and service revenues of $3,192 million and diluted EPS of $3.68, both beating consensus. Revenue rose year-over-year (Q3 2025 $3,192M vs Q3 2024 $2,749M) and net earnings increased to $145 million…
10-Q · July 31, 2025
HII reported Q2 revenue of $3,082 million and diluted EPS of $3.86 for the three months ended June 30, 2025. Revenue rose vs. the year-ago quarter ($2,977 million) while operating income and net earnings declined to…
10-K · February 6, 2025
HII presents a stable programmatic position as the U.S. Navy’s largest shipbuilder with an order backlog of approximately $48.7 billion as of December 31, 2024 and strong program exclusivity (sole builder of LHAs,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.