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Guidance history, every release

Huntington Ingalls Industries (HII) · 8 releases, Oct 31, 2024 to Jul 30, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Oct 31, 2024 FY24 Q3	Feb 6, 2025 FY24 Q4	May 1, 2025 FY25 Q1	Jul 31, 2025 FY25 Q2	Oct 30, 2025 FY25 Q3	Feb 5, 2026 FY25 Q4	May 5, 2026 FY26 Q1	Jul 30, 2026 FY26 Q2
For FY2030
Enterprise revenue	—	—	—	—	—	New“$16B+”	—	—
CAS Expense	—	—	—	—	—	New“$39”	—	—
CAS Recoveries Over/(Under) Cash Contributions	—	—	—	—	—	New“($4)”	—	—
FAS Benefit	—	—	—	—	—	New“$148”	—	—
FAS/CAS Adjustment	—	—	—	—	—	New“$187”	—	—
Non-Operating Retirement (Expense)/Income	—	—	—	—	—	New“$228”	—	—
Operating FAS/CAS Adjustment	—	—	—	—	—	New“($41)”	—	—
Pension and Postretirement Benefits Cash Contributions	—	—	—	—	—	New“$43”	—	—
Pension Discount Rate	—	—	—	—	—	New“5.72%”	—	—
For FY2029
CAS Expense	—	—	—	—	—	New“$40”	—	—
CAS Recoveries Over/(Under) Cash Contributions	—	—	—	—	—	New“($4)”	—	—
FAS Benefit	—	—	—	—	—	New“$138”	—	—
FAS/CAS Adjustment	—	—	—	—	—	New“$179”	—	—
Non-Operating Retirement (Expense)/Income	—	—	—	—	—	New“$220”	—	—
Operating FAS/CAS Adjustment	—	—	—	—	—	New“($42)”	—	—
Pension and Postretirement Benefits Cash Contributions	—	—	—	—	—	New“$44”	—	—
Pension Discount Rate	—	—	—	—	—	New“5.72%”	—	—
For FY2028
CAS Expense	—	—	—	—	—	New“$44”	—	—
CAS Recoveries Over/(Under) Cash Contributions	—	—	—	—	—	New“($3)”	—	—
FAS Benefit	—	—	—	—	—	New“$134”	—	—
FAS/CAS Adjustment	—	—	—	—	—	New“$178”	—	—
Non-Operating Retirement (Expense)/Income	—	—	—	—	—	New“$219”	—	—
Operating FAS/CAS Adjustment	—	—	—	—	—	New“($41)”	—	—
Pension and Postretirement Benefits Cash Contributions	—	—	—	—	—	New“$47”	—	—
Pension Discount Rate	—	—	—	—	—	New“5.72%”	—	—
For FY2027
CAS Expense	—	—	—	—	—	New“$48”	—	—
CAS Recoveries Over/(Under) Cash Contributions	—	—	—	—	—	New“($1)”	—	—
FAS Benefit	—	—	—	—	—	New“$127”	—	—
FAS/CAS Adjustment	—	—	—	—	—	New“$175”	—	—
Non-Operating Retirement (Expense)/Income	—	—	—	—	—	New“$214”	—	—
Operating FAS/CAS Adjustment	—	—	—	—	—	New“($39)”	—	—
Pension and Postretirement Benefits Cash Contributions	—	—	—	—	—	New“$49”	—	—
Pension Discount Rate	—	—	—	—	—	New“5.72%”	—	—
For FY2026
FY26 Mission Technologies revenue	—	—	—	—	—	—	—	New“between $3.0 and $3.2 billion”
Mission Technologies revenue	—	—	—	—	—	New“$700M to $750M”	—	—
Mission Technologies Revenue	—	—	—	—	—	New“$3.0B to $3.2B”	Reiterated“between $3.0 and $3.2 billion”	Reiterated“$3.0B - $3.2B”
Shipbuilding revenue	—	—	—	—	—	—	—	New“between $10.2 and $10.4 billion”
Shipbuilding revenue	—	—	—	—	—	New“~$2.3B”	—	—
Shipbuilding Revenue	—	—	—	—	—	New“$9.7B to $9.9B”	Reiterated“between $9.7 and $9.9 billion”	Raised“$10.2B - $10.4B”
Mission Technologies EBITDA Margin	—	—	—	—	—	New“8.4% - 8.6%”	Reiterated“between 8.4% and 8.6%”	Reiterated“between 8.4% and 8.6%”
Mission Technologies operating margin	—	—	—	—	—	New“4.0% to 4.5%”	—	—
Mission Technologies Segment Operating Margin	—	—	—	—	—	New“~5%”	Reiterated“approximately 5%”	Reiterated“approximately 5%”
Shipbuilding operating margin	—	—	—	—	—	New“5.5% to 6.5%”	Reiterated“between 5.5% and 6.5%”	Narrowed“between 6.0% and 6.5%”
Shipbuilding operating margin	—	—	—	—	—	New“~5.5%”	—	—
Capital Expenditures	—	—	—	—	—	New“4%-5% of Sales”	Reiterated“4% - 5% of Sales”	Reiterated“4% - 5% of Sales”
Capital Investment ($M)	—	—	—	—	—	New“$500-$600”	—	—
CAS Expense	—	—	—	—	—	New“$46”	—	—
CAS Recoveries Over/(Under) Cash Contributions	—	—	—	—	—	New“($4)”	—	—
Depreciation & Amortization	—	—	—	—	—	New“~$330M”	Reiterated“~$330M”	Reiterated“~$330M”
Effective Tax Rate	—	—	—	—	—	New“~17%”	Reiterated“~17%”	Reiterated“~17%”
FAS Benefit	—	—	—	—	—	New“$123”	—	—
FAS/CAS Adjustment	—	—	—	—	—	New“$169”	—	—
Free cash flow	—	—	—	—	—	New“($600M)”	—	—
Free Cash Flow	—	—	—	—	—	New“$500M - $600M”	Reiterated“between $500 and $600 million”	Reiterated“$500M - $600M”
FY26 free cash flow	—	—	—	—	—	—	—	New“between $500 and $600 million”
Interest Expense	—	—	—	—	—	New“($105M)”	Reiterated“($105M)”	Reiterated“($105M)”
Non-current State Income Tax Expense	—	—	—	—	—	New“~($20M)”	Reiterated“~($20M)”	Reiterated“~($20M)”
Non-Operating Retirement (Expense)/Income	—	—	—	—	—	New“$213”	—	—
Non-operating Retirement Benefit	—	—	—	—	—	New“$213M”	Reiterated“$213M”	Reiterated“$213M”
Operating FAS/CAS Adjustment	—	—	—	—	—	New“($44M)”	Reiterated“($44M)”	Reiterated“($44M)”
Outsourcing YoY (Earned hours)	—	—	—	—	—	New“+30%”	—	—
Pension and Postretirement Benefits Cash Contributions	—	—	—	—	—	New“$50”	—	—
Pension Discount Rate	—	—	—	—	—	New“5.72%”	—	—
Postretirement benefits contributions	—	—	—	—	—	New“$35 million”	—	—
Projected cash contributions	—	—	—	—	—	New“$50 million”	—	—
Shipbuilding throughput improvement goal	—	—	—	—	—	—	—	New“15%”
Throughput improvement target	—	—	—	—	—	New“15% YoY”	—	—
Throughput YoY (Earned hours)	—	—	—	—	—	New“+15%”	—	—
Top line CAGR	—	—	—	—	—	New“~6%”	—	—
For FY2025
Mission Technologies revenue	—	New“between $2.9 to $3.1 billion”	Reiterated“$2.9 to $3.1 billion”	Reiterated“between $2.9 to $3.1 billion”	Narrowed“between $3.0 to $3.1 billion”	—	—	—
Shipbuilding revenue	—	New“between $8.9 and $9.1 billion”	Reiterated“between $8.9 and $9.1 billion”	Reiterated“between $8.9 and $9.1 billion”	Narrowed“between $9.0 and $9.1 billion”	—	—	—
Mission Technologies EBITDA margin	—	New“between 8.0% and 8.5%”	Reiterated“between 8.0% and 8.5%”	Reiterated“between 8.0% and 8.5%”	Reiterated“between 8.0% and 8.5%”	—	—	—
Mission Technologies segment operating margin	—	New“between 4.0% and 4.5%”	Reiterated“between 4.0% and 4.5%”	Reiterated“between 4.0% and 4.5%”	Raised“approximately 4.5%”	—	—	—
Shipbuilding operating margin	—	New“between 5.5% and 6.5%”	Reiterated“between 5.5% and 6.5%”	Reiterated“between 5.5% and 6.5%”	Reiterated“between 5.5% and 6.5%”	—	—	—
Capital Expenditures	—	New“~4% of Sales”	Reiterated“~4% of Sales”	Reiterated“~4% of Sales”	Reiterated“~4% of Sales”	—	—	—
Cumulative free cash flow target	—	—	—	—	New“$1.2B”	—	—	—
Depreciation & Amortization	—	New“~$340M”	Reiterated“~$340M”	Reiterated“~$340M”	Reiterated“~$340M”	—	—	—
Effective Tax Rate	—	New“~21%”	Reiterated“~21%”	Reiterated“~21%”	Raised“~22%”	—	—	—
Free cash flow	—	New“between $300 and $500 million”	Reiterated“between $300 and $500 million”	Raised“between $500 and $600 million”	Raised“between $550 and $650 million”	—	—	—
Interest Expense	—	New“($130M)”	Reiterated“($130M)”	Lowered“($110M)”	Reiterated“($110M)”	—	—	—
Non-current State Income Tax Benefit/Expense	—	New“~$0M”	Reiterated“~$0M”	—	—	—	—	—
Non-current State Income Tax Expense	—	—	—	New“($15M)”	Reiterated“($15M)”	—	—	—
Non-operating Retirement Benefit	—	New“$191M”	Reiterated“$191M”	Reiterated“$191M”	Reiterated“$191M”	—	—	—
Operating FAS/CAS Adjustment	—	New“($43M)”	Reiterated“($43M)”	Lowered“($40M)”	Lowered“($35M)”	—	—	—
For FY2024
FY24 Mission Technologies expected revenue range	New“between $2.8B and $2.85B”	—	—	—	—	—	—	—
FY24 shipbuilding revenue	New“approximately $8.8B”	—	—	—	—	—	—	—
Mission Technologies Revenue	New“$2.8B - $2.85B”	—	—	—	—	—	—	—
Shipbuilding Revenue	New“~$8.8B”	—	—	—	—	—	—	—
FY24 Mission Technologies expected operating margin	New“approximately 3.75%”	—	—	—	—	—	—	—
FY24 shipbuilding operating margin	New“between 5.0% and 6.0%”	—	—	—	—	—	—	—
Mission Technologies EBITDA Margin	New“8.0% - 8.5%”	—	—	—	—	—	—	—
Mission Technologies Segment Operating Margin	New“~3.75%”	—	—	—	—	—	—	—
Shipbuilding Operating Margin	New“5.0% - 6.0%”	—	—	—	—	—	—	—
Capital expenditures	New“approximately 3.4% of sales”	—	—	—	—	—	—	—
Capital Expenditures	New“~3.4% of Sales”	—	—	—	—	—	—	—
Depreciation & Amortization	New“~$350M”	—	—	—	—	—	—	—
Effective Tax Rate	New“~17%”	—	—	—	—	—	—	—
Free Cash Flow	New“$0M - $100M”	—	—	—	—	—	—	—
FY24 free cash flow	New“between $0M and $100M”	—	—	—	—	—	—	—
Interest Expense	New“($97M)”	—	—	—	—	—	—	—
Non-current State Income Tax Benefit/Expense	New“~$0M”	—	—	—	—	—	—	—
Non-operating Retirement Benefit	New“$180M”	—	—	—	—	—	—	—
Operating FAS/CAS Adjustment	New“($61M)”	—	—	—	—	—	—	—
No period stated
Mission Technologies medium term revenue growth	—	—	—	—	—	New“~5%”	—	—
Mission Technologies revenue growth	—	—	—	—	—	—	New“approximately 5%”	—
Mission Technologies revenue growth	—	New“approximately 5%”	—	—	—	—	—	—
Shipbuilding medium term revenue growth	—	—	—	—	—	New“~6%”	—	—
Shipbuilding revenue growth	—	—	—	—	—	—	New“approximately 6%”	—
Shipbuilding revenue growth	—	New“approximately 4%”	—	—	—	—	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.