Huntington Ingalls Industries (HII) 10-K Summaries & Annual Filing History
Review Huntington Ingalls Industries, Inc. (HII) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Huntington Ingalls Industries filed its annual report for the most recent fiscal year. The company reported an increase in revenue and operating cash flow compared to the prior year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$12.5B
Revenue reported for the fiscal year.
Operating income
$657M
Income from operations reported for the year.
Net income
$605M
Net income reported for the year.
Operating cash flow
$1.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $10.7B | +12.1% |
| Dec 31, 2023 | $11.5B | +7.3% |
| Dec 31, 2024 | $11.5B | +0.7% |
| Dec 31, 2025 | $12.5B | +8.2% |
Business overview
Huntington Ingalls Industries is a defense contractor that designs, builds, and maintains naval ships for the U.S. Navy. The company also provides nuclear propulsion systems and other related services. Its operations are primarily focused on government contracts.
Financial performance
Revenue increased compared to the prior year, while operating income and net income also showed improvement. Operating cash flow rose significantly, reflecting stronger cash generation from operations.
Material risks
The filing identifies risks related to the company's reliance on U.S. government contracts, which may be subject to funding uncertainties and changes in defense priorities. Cybersecurity threats and the potential for cost overruns on fixed-price contracts are also noted as material risks.
Liquidity and capital
The company seeks to efficiently convert operating results into cash for deployment in operations, business strategy, and maximizing stockholder value. It uses measures such as net cash from operations and free cash flow to inform its capital deployment strategy.
What to watch
Monitor changes in trade working capital, as it had a significant impact on operating cash flow in the reported period.