HII has reported revenues of $12.5bn for the full year 2025 (FY25), reflecting an 8.2% increase over 2024, with growth observed in all business segments.
During the year, revenues at Ingalls Shipbuilding and Newport News Shipbuilding (NNS) increased 11.2% and 9.0%, respectively. HII recorded a 14% increase in shipbuilding throughput in 2025.
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Mission Technologies business generated $3.0bn in revenue for the year, an increase of $107m or 3.6% from the prior fiscal.
HII operating income for the fiscal ended 31 December 2025 rose to $657m, up from $535m in 2024, and the operating margin increased to 5.3% from 4.6%.
The company’s diluted earnings per share amounted to $15.39 in FY25, up from $13.96 in FY24.
In the fourth quarter of 2025, HII reported revenues of $3.5bn, compared to $3.0bn in the same period of the previous year.
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By GlobalDataIngalls Shipbuilding posted revenues of $889m over the quarter, driven by higher volumes in amphibious assault ships and surface combatants, and NNS’ quarterly revenues were $1.9bn, due mainly to higher volumes in submarines and aircraft carriers.
HII president and CEO Chris Kastner said: “We made solid progress on our operational initiatives in 2025 and enter 2026 with strong momentum. With more than 40 ships at Ingalls and Newport News in active construction or modernisation, our focus in 2026 is clear: We must build on this momentum, and continue to increase our shipbuilding throughput.
“The US Navy and all of our defence customers need our ships and technologies now more than ever and we are committed to delivering for our customer and the nation.”
Looking ahead, HII has outlined its financial expectations that include medium-term revenue growth targets of around 6% for both overall company revenue and shipbuilding revenue, with Mission Technologies expected to grow by approximately 5%.
For the full year 2026, the company anticipates shipbuilding revenues between $9.7bn and $9.9bn with an operating margin forecasted between 5.5% and 6.5%.
Mission Technologies revenue is expected to range between $3.0bn and $3.2bn with a segment operating margin around 5% and an EBITDA margin between 8.4% and 8.6%.
Recently, NNS completed builder’s sea trials for the John F Kennedy (CVN 79), the second vessel in the Gerald R Ford-class series of nuclear-powered aircraft carriers.
