HII reported fourth quarter 2025 revenues of $3.5 billion, up 15.7% from $3.0 billion in the same period of 2024. Operating income rose 56.4% year-over-year to $172 million, driving the operating margin to 4.9% from 3.7%. Segment operating income climbed 89.3% to $195 million, lifting the segment margin to 5.6% from 3.4%. Diluted earnings per share increased 28.3% to $4.04 compared to $3.15 a year earlier, reflecting improved results across all business segments.

For the full year, HII delivered revenues of $12.5 billion, an 8.2% increase over 2024. Operating income grew 22.8% to $657 million, with the operating margin expanding to 5.3% from 4.6%. Segment operating income rose 25.1% to $717 million, raising the segment margin to 5.7% from 5.0%. Net earnings increased 10.0% to $605 million, and diluted earnings per share improved 10.2% to $15.39. Net cash provided by operating activities more than tripled to $1,196 million, while free cash flow surged to $800 million from $40 million in 2024.

In 2025, HII achieved critical delivery milestones, including the Virginia-class submarine Massachusetts (SSN 798) and guided missile destroyer Ted Stevens (DDG 128). The company invested over $400 million in capital improvements across its shipyards and recorded approximately 14% growth in shipbuilding throughput. Ingalls Shipbuilding increased annual revenues by 11.2% to $3.1 billion and maintained a 7.6% segment margin, while Newport News Shipbuilding grew revenues by 9.0% to $6.5 billion and raised its segment margin to 5.1%. Mission Technologies delivered 3.0 billion in revenues, up 3.6%, and improved its segment margin to 5.0%.

HII’s leadership targets approximately 15% shipbuilding throughput growth in 2026, building on last year’s momentum. With more than 40 vessels in active construction or modernization, management emphasizes meeting U.S. Navy demand for submarines, surface combatants and amphibious warships. President and CEO Chris Kastner highlighted the importance of sustaining operational improvements and capital investments to support defense readiness, noting that the company’s focus remains on delivering critical assets efficiently and reliably for national security.