Short answer
Huntington Ingalls Industries (HII) filed its fiscal 2025 10-K annual report with the SEC on Feb 5, 2026. It reported revenue of $12.5B (+8.2% year over year) and net income of $605M.
- Top risk flagged: Regulatory risk: U.S. Government contract terminations under FAR can cause loss of expected profit and exposure to liabilities impacting financials
FY2025 key financial metrics · XBRL
- Revenue
- $12.5B
- +8.2% YoY
- Net income
- $605M
- +10.0% YoY
- Operating margin
- 5.3%
- +0.6 pp YoY
- EPS (diluted)
- $15.39
- +10.2% YoY
- ROE
- 11.9%
- +0.1 pp YoY
- Operating cash flow
- $1.2B
- +204.3% YoY
Source: XBRL data from the Huntington Ingalls Industries (HII) FY2025 10-K on SEC EDGAR. USD.
Huntington Ingalls Industries FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Design and construction of nuclear and non-nuclear naval ships plus integrated all-domain defense technologies for U.S. Government
- New emphasis: Increased AI and machine learning integration in Mission Technologies for battlefield decisions and network cyber defense
- Strategic shift: End of U.S. Coast Guard Legend class NSC production with termination of 11th ship contract in 2025
- Notable metric: Workforce over 44,000 employees; delivered USS Richard M. McCool Jr. (LPD 29) in 2024 and USS Ted Stevens (DDG 128) in 2025
- Unique fact: Fiscal 2026 NDAA authorizes and funds William J. Clinton (CVN 82) and George W. Bush (CVN 83) Gerald R. Ford class aircraft carriers
Management Discussion & Analysis
- Revenue stable supported by strong defense demand and federal funding, no exact YoY dollar change given
- Operating margin not explicitly stated, inflation and higher borrowing costs pressure contract execution costs
- Best performing segment: Shipbuilding programs with $26B procurement authorization including submarines and aircraft carriers
- Worst supply chain conditions: labor shortages, delivery delays, raw materials shortages causing increased lead times and price inflation
- Capital allocation: $1.5B for Maritime Industrial Base investments, no specific mention of buybacks, dividends, or total capex
- Forward outlook: Uncertainty from geopolitical tension, policy shifts, labor market constraints, and federal funding risks, though defense spending remains bipartisan supported
Risk Factors
- Regulatory risk: U.S. Government contract terminations under FAR can cause loss of expected profit and exposure to liabilities impacting financials
- Macroeconomic threat: October 2025 U.S. federal government shutdown delayed payments, disrupted contracts, hurting cash flow and operations
- Operational risk: Contract cost growth on incomplete ship designs risks profitability due to inaccurate revenue and cost estimates on large programs
- Competitive risk: Shifts in Department of Defense military strategy toward cheaper alternatives may decrease demand for aircraft carrier shipbuilding
- Financial risk: Concentration of nearly 100% revenue from U.S. Government exposes company to funding delays, partial appropriations, and budget cuts
Generated from the filing text; verify against the original. How to read a 10-K
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