Huntington Ingalls Industries (HII) FY2024 results: revenue $11.5 billion, up 0.7% on the year
Huntington Ingalls Industries, Inc. (HII) reported revenue of $11.5 billion for fiscal 2024, the year ended 31 December 2024, up 0.7% on the year before. Net income was $550 million, down 19.2%, and diluted earnings per share $13.96. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2025.
Revenue
$11.5 billion
+0.7% on the year
FY2017FY2024
Operating margin
4.6%
6.8% a year earlier
FY2017FY2024
Net income
$550 million
-19.2% on the year
FY2017FY2024
Diluted EPS
$13.96
-18.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
393
970
766
-59.5%
Capital expenditure
367
292
284
+25.7%
Free cash flow
26.0
678
482
-96.2%
Free cash flow margin
0.2%
5.9%
4.5%
Cash from investing
-348
-236
-268
Cash from financing
356
-771
-658
Depreciation and amortisation
326
347
358
-6.1%
Share-based compensation
23.0
34.0
36.0
-32.4%
Buybacks
162
75.0
52.0
+116.0%
Dividends paid
206
200
192
+3.0%
Dividend per share
$5.25
$5.02
$4.78
+4.6%
Diluted shares, weighted
39m
40m
40m
-1.3%
Shares outstanding at period end
39m
40m
40m
-1.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,666
4,093
3,489
+14.0%
Debt
3,203
2,445
2,905
+31.0%
Operating lease liabilities
205
228
246
-10.1%
Other liabilities
4,067
4,449
4,217
-8.6%
Total liabilities and equity
12,141
11,215
10,857
+8.3%
Fixed assets
3,450
3,296
3,198
+4.7%
Goodwill
2,618
2,618
2,618
0.0%
Intangible assets
782
891
1,019
-12.2%
Cash and equivalents
831
430
467
+93.3%
Receivables
212
461
636
-54.0%
Other assets
4,248
3,519
2,919
+20.7%
Total assets
12,141
11,215
10,857
+8.3%
10-K for the year ended 31 December 2024, filed 6 February 2025: the filing.