HII Reports Q3 2025 Results
HII reported results for the third quarter of fiscal 2025.
Highlights:
- Third quarter revenues were a record $3.2 billion
- Third quarter net earnings were $145 million or $3.68 diluted earnings per share
- Completed builder’s sea trials for guided missile destroyer Ted Stevens (DDG 128)
- Completed initial sea trials of Virginia-Class Submarine Massachusetts (SSN 798) in early October
Third quarter 2025 revenues of $3.2 billion were up 16.1% from the third quarter of 2024, driven by growth at Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies.
Operating income in the third quarter of 2025 was $161 million and operating margin was 5.0%, compared to $82 million and 3.0%, respectively, in the third quarter of 2024.
Segment operating income in the third quarter of 2025 was $179 million and segment operating margin was 5.6%, compared to $97 million and 3.5%, respectively, in the third quarter of 2024. The increases were driven primarily by more favorable segment results at Newport News Shipbuilding and Ingalls Shipbuilding compared to the prior year period.
Net earnings in the quarter were $145 million, compared to $101 million in the third quarter of 2024. Diluted earnings per share in the quarter was $3.68, compared to $2.56 in the third quarter of 2024.
Net cash provided by operating activities in the quarter was $118 million and free cash flow was $16 million, compared to net cash provided by operating activities of $213 million and free cash flow of $136 million in the third quarter of 2024.
New contract awards in the third quarter of 2025 were $2.0 billion, bringing total backlog to $55.7 billion as of September 30, 2025.