HUNTINGTON INGALLS INDUSTRIES, INC（HII）の決算・業績分析
HUNTINGTON INGALLS INDUSTRIES, INCの2025年有価証券報告書をAI分析。売上高$12.5B(+8.2%)。営業利益$657M。Industrials。
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HUNTINGTON INGALLS INDUSTRIES, INCの2025年度 業績サマリー
HUNTINGTON INGALLS INDUSTRIES, INC（証券コード: HII）の2025年度決算・業績分析。売上高は$12.5B（前年比+8.2%）。営業利益は$657M（前年比+22.8%）。純利益は$605M（前年比+10.0%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
HUNTINGTON INGALLS INDUSTRIES, INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 12.1% YoY to $10.7B (XBRL), driven by increased defense spending and favorable contract performance (10-K).
- Operating income rose 10.1% YoY to $565M (XBRL), with an operating margin of 5.3% (XBRL).
- Debt-to-equity ratio remains high at 2.54x (XBRL), reflecting significant leverage despite strong ROE of 20.6% (XBRL).
- Shareholder returns totaled $244M (XBRL), including $192M in dividends and $52M in share repurchases.
HUNTINGTON INGALLS INDUSTRIES, INCの売上高変化の要因
- •FY2024 revenue of $10.7B (XBRL) reflects a 12.1% YoY increase, with a 5-year CAGR of 7.0% (XBRL). Growth was driven by increased defense spending and contract performance, though labor shortages and inflation posed challenges (10-K). Historical data shows revenue grew from $8.2B in FY2020 to $10.7B in FY2024 (XBRL). Operating income declined over 5 years (-3.9% CAGR) despite a 10.1% YoY increase in FY2024 (XBRL).
HUNTINGTON INGALLS INDUSTRIES, INCの営業利益変化の要因
- •Operating income of $565M (XBRL) and net income of $579M (XBRL) grew 10.1% and 6.4% YoY, respectively. Operating margin of 5.3% (XBRL) and net margin of 5.4% (XBRL) reflect cost pressures from labor shortages and inflation (10-K). EBITDA of $923M (8.7% margin) (XBRL) indicates strong cash generation despite declining 5-year operating income CAGR (-3.9%) (XBRL). Gross profit data is not available (XBRL).
HUNTINGTON INGALLS INDUSTRIES, INCの事業リスクと対応
Heavy reliance on U.S. Government contracts exposes HII to appropriations delays or changes in customer priorities (10-K).
Contract accounting changes and cost growth on flexibly priced contracts threaten profitability (10-K).
High debt levels (D/E 2.54x) risk financial stability and payment obligations (10-K).
Competition and bid protests may reduce revenue and market share (10-K).
Dependence on qualified personnel and subcontractor performance impacts operations (10-K).
Regulatory risks include U.S. Government audit findings, environmental costs, and nuclear operations compliance (10-K).
Technology disruption from AI adoption and reliance on subcontractors for raw materials pose operational risks (10-K).
HUNTINGTON INGALLS INDUSTRIES, INCの今後の見通し・業績予想
HUNTINGTON INGALLS INDUSTRIES, INCの事業内容
Huntington Ingalls Industries (HII) is a U.S. defense contractor specializing in building naval ships and technologies for the Department of Defense (DoD) (10-K). Key segments include Ingalls Shipbuilding (non-nuclear ships), Newport News Shipbuilding (nuclear-powered vessels), and Mission Technologies (C4ISR systems, AI, and uncrewed systems) (10-K). The company holds sole-source contracts for specific ship classes, leveraging expertise in nuclear and non-nuclear shipbuilding (10-K). Revenue is heavily concentrated with the U.S. Government (10-K), with over 44,000 employees (10-K).
HUNTINGTON INGALLS INDUSTRIES, INCのAI業績分析レポート（2024年度）
Huntington Ingalls Industries, Inc. (HII) FY2024 Annual Report Analysis
Highlights
Business Overview
HII is a U.S. defense contractor specializing in building naval ships and technologies for the DoD (10-K). Key segments include Ingalls Shipbuilding (non-nuclear ships), Newport News Shipbuilding (nuclear-powered vessels), and Mission Technologies (C4ISR systems, AI, and uncrewed systems) (10-K). The company holds sole-source contracts for specific ship classes, leveraging expertise in nuclear and non-nuclear shipbuilding (10-K). Revenue is heavily concentrated with the U.S. Government (10-K), with over 44,000 employees (10-K).
Revenue Analysis
FY2024 revenue of $10.7B (XBRL) reflects a 12.1% YoY increase, with a 5-year CAGR of 7.0% (XBRL). Growth was driven by increased defense spending and contract performance, though labor shortages and inflation posed challenges (10-K). Historical data shows revenue grew from $8.2B in FY2020 to $10.7B in FY2024 (XBRL). Operating income declined over 5 years (-3.9% CAGR) despite a 10.1% YoY increase in FY2024 (XBRL).
Profitability Analysis
Operating income of $565M (XBRL) and net income of $579M (XBRL) grew 10.1% and 6.4% YoY, respectively. Operating margin of 5.3% (XBRL) and net margin of 5.4% (XBRL) reflect cost pressures from labor shortages and inflation (10-K). EBITDA of $923M (8.7% margin) (XBRL) indicates strong cash generation despite declining 5-year operating income CAGR (-3.9%) (XBRL). Gross profit data is not available (XBRL).
Balance Sheet Analysis
Equity ratio of 25.0% (XBRL) and D/E ratio of 2.54x (XBRL) highlight high leverage. Total assets grew from $6.4B in FY2020 to $11.2B in FY2024 (XBRL), while total equity increased from $1.8B to $2.8B (XBRL). Current ratio of 0.95x (XBRL) suggests potential liquidity constraints. ROA of 5.2% (XBRL) and ROIC of 5.5% (XBRL) reflect asset efficiency despite high debt.
Cash Flow Analysis
Operating cash flow of $766M (XBRL) exceeded net income of $579M (XBRL). Free cash flow (FCF) of $482M (XBRL) was generated after $284M in CapEx (XBRL). Investing cash flow was -$268M (XBRL), primarily from CapEx. Financing cash flow of -$658M (XBRL) included $192M in dividends and $52M in share repurchases (XBRL).
Working Capital Analysis
Receivables days: 16 (XBRL); Payables days: 19 (XBRL). Asset turnover: 0.95x (XBRL). Cash conversion cycle (CCC) data is not available (XBRL).
Risks
Outlook
Management guided FY2025 revenue of $11.5B (XBRL) and operating income of $781M (10-K). Key trends include labor shortages, supply chain disruptions, inflation, and defense spending dynamics. Political and economic uncertainties, including the debt ceiling and policy changes, are expected to impact future results (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 8.2B | 8.9B | 9.4B | 9.5B | 10.7B | 11.5B |
| Operating Income | 951M | 736M | 799M | 513M | 565M | 781M |
| Net Income | 836M | 549M | 696M | 544M | 579M | 681M |
| Total Assets | 6.4B | 7.0B | 8.2B | 10.6B | 11.2B | 12.1B |
| Total Equity | 1.8B | 1.5B | 1.6B | 1.9B | 2.8B | 3.5B |
| Operating Cash Flow | 914M | 896M | 1.1B | 760M | 766M | 970M |
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