Explain this page
Arphra AIPlain-English read on Huntington Ingalls Industries, Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +14.36% | +13.49% | +14.37% | +12.57% | +12.70% | +13.37% | +13.16% | +13.09% | +13.20% |
| Operating margin | +5.39% | +5.29% | +6.82% | +4.64% | +4.87% | +5.29% | +5.59% | +5.36% | +5.47% |
| EBITDA margin | +10.54% | +11.04% | +11.31% | +9.22% | +9.70% | +10.11% | +10.30% | +9.82% | +10.27% |
| EBIT margin | +7.47% | +7.69% | +8.28% | +6.40% | +7.07% | +7.13% | +7.04% | +7.39% | +7.09% |
| Pre-tax margin | +6.53% | +6.73% | +7.45% | +5.57% | +6.22% | +6.29% | +6.52% | +6.34% | +6.31% |
| Net margin | +5.71% | +5.42% | +5.95% | +4.77% | +4.85% | +5.22% | +5.06% | +5.04% | +5.17% |
| Cost structure | |||||||||
| Cost of revenue / sales | +85.64% | +86.51% | +85.63% | +87.43% | +87.30% | +85.82% | +88.38% | +88.18% | +89.16% |
| R&D intensity | 0.00% | 0.00% | 0.00% | +0.23% | 0.00% | +0.08% | +0.08% | +0.08% | +0.08% |
| SG&A intensity | +9.43% | +8.65% | +8.92% | +8.44% | +7.83% | +8.19% | +8.28% | +8.62% | +8.34% |
| Effective tax rate | +12.54% | +19.47% | +20.16% | +14.46% | +22.14% | +19.16% | +18.44% | +19.16% | +19.53% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +19.37% | +16.60% | +16.64% | +11.79% | +11.93% | +13.27% | +13.21% | +13.33% | +13.17% |
| Return on assets (ROA) | +5.12% | +5.33% | +6.07% | +4.53% | +4.75% | +5.04% | +4.88% | +5.10% | +4.98% |
| Return on capital (ROC) | +8.14% | +8.51% | +11.54% | +6.63% | +7.40% | +8.12% | +8.70% | +8.30% | +8.45% |
| Return on invested capital (ROIC) | +8.63% | +8.72% | +10.07% | +6.81% | +7.36% | +8.01% | +7.87% | +7.81% | +8.00% |
| Asset turnover | +89.62% | +98.33% | +102.13% | +95.01% | +97.92% | +96.53% | +96.38% | +101.21% | +96.28% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +5.71% | +5.42% | +5.95% | +4.77% | +4.85% | +5.22% | +5.06% | +5.04% | +5.17% |
| Asset turnover (× revenue / assets) | +89.62% | +98.33% | +102.13% | +95.01% | +97.92% | +96.53% | +96.38% | +101.21% | +96.28% |
| Equity multiplier (× assets / equity) | +378.45% | +311.18% | +274.00% | +260.20% | +251.31% | +263.49% | +270.94% | +261.19% | +264.44% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.90 | 0.98 | 1.02 | 0.95 | 0.98 | 0.97 | 0.96 | 1.01 | 0.96 |
| Fixed-asset turnover | 2.84 | 3.07 | 3.22 | 3.13 | 3.35 | — | — | — | — |
| Inventory turnover | 50.66 | 50.47 | 52.73 | 48.49 | 49.77 | — | — | — | — |
| Receivables turnover | 4.88 | 5.22 | 5.25 | 5.50 | 5.24 | — | — | — | — |
| Payables turnover | 13.53 | 14.39 | 17.70 | 16.86 | 19.60 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 74.81 | 69.95 | 69.50 | 66.42 | 69.61 | — | — | — | — |
| Days inventory outstanding (DIO) | 7.21 | 7.23 | 6.92 | 7.53 | 7.33 | — | — | — | — |
| Days payables outstanding (DPO) | 26.99 | 25.37 | 20.62 | 21.64 | 18.62 | — | — | — | — |
| Cash conversion cycle | 55.03 | 51.81 | 55.81 | 52.30 | 58.33 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.40 | 1.32 | 1.42 | 0.71 | 1.98 | 1.39 | 1.43 | 1.44 | 1.37 |
| FCF / Net income | 0.79 | 0.83 | 1.00 | 0.05 | 1.31 | 0.78 | 0.81 | 0.83 | 0.78 |
| FCF margin | +4.50% | +4.51% | +5.92% | +0.23% | +6.36% | +4.07% | +4.12% | +4.16% | +4.04% |
| OCF margin | +7.98% | +7.17% | +8.47% | +3.41% | +9.58% | +7.26% | +7.22% | +7.27% | +7.07% |
| CapEx / Revenue | +3.48% | +2.66% | +2.55% | +3.18% | +3.22% | +2.99% | +2.96% | +3.05% | +3.00% |
| CapEx / D&A | 1.13 | 0.79 | 0.84 | 1.13 | 1.22 | — | — | — | — |
| Stock-based comp / Revenue | +0.35% | +0.34% | +0.30% | +0.20% | +0.43% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 13.50 | 14.44 | 17.07 | 13.96 | 15.39 | 17.34 | 20.11 | 23.49 | 24.17 |
| EPS · basic | 13.50 | 14.44 | 17.07 | 13.96 | 15.39 | 17.28 | 19.90 | 23.77 | 24.01 |
| Book value / share | 69.68 | 87.01 | 102.58 | 118.43 | 129.08 | 131.21 | 135.47 | 142.61 | 151.51 |
| Tangible BV / share | -24.29 | -3.69 | 14.64 | 32.13 | 43.99 | 131.21 | 135.47 | 142.61 | 151.51 |
| Sales / share | 236.33 | 266.23 | 287.07 | 292.77 | 317.66 | 333.72 | 353.78 | 376.99 | 385.74 |
| Operating CF / share | 18.86 | 19.10 | 24.31 | 9.97 | 30.43 | 24.24 | 25.54 | 27.41 | 27.26 |
| Free cash flow / share | 10.65 | 12.02 | 16.99 | 0.66 | 20.20 | 13.59 | 14.57 | 15.68 | 15.60 |
| Dividends / share | 4.62 | 4.79 | 5.01 | 5.23 | 5.42 | 5.98 | 6.03 | 6.73 | 6.93 |
| Payout ratio | +34.19% | +33.16% | +29.37% | +37.45% | +35.21% | +34.36% | +33.69% | +35.43% | +34.72% |
| Retention ratio | +65.81% | +66.84% | +70.63% | +62.55% | +64.79% | +65.64% | +66.31% | +64.57% | +65.28% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +12.10% | +7.29% | +0.71% | +8.23% | +4.19% | +6.28% | +6.52% | +3.13% | +6.01% |
| Gross profit · YoY | — | +5.26% | +14.31% | -11.91% | +9.31% | +9.72% | +4.63% | +5.95% | +3.97% | +4.89% |
| Profit | ||||||||||
| Operating income · YoY | — | +10.14% | +38.23% | -31.50% | +13.64% | +13.22% | +12.23% | +2.19% | +5.16% | +6.20% |
| EBITDA · YoY | — | +17.43% | +9.84% | -17.84% | +13.82% | +8.59% | +8.26% | +1.56% | +7.86% | +5.66% |
| Net income · YoY | — | +6.43% | +17.62% | -19.24% | +10.00% | +12.21% | +3.01% | +6.15% | +5.84% | +4.70% |
| Operating | ||||||||||
| EBIT · YoY | — | +15.47% | +15.47% | -22.15% | +19.51% | +5.12% | +4.92% | +11.90% | -1.06% | +5.33% |
| R&D · YoY | — | — | — | — | -100.00% | — | +6.15% | +5.83% | +5.48% | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +6.96% | +18.21% | -18.22% | +10.24% | +12.65% | +16.00% | +16.83% | +2.89% | +7.55% |
| EPS · basic · YoY | — | +6.96% | +18.21% | -18.22% | +10.24% | +12.28% | +15.15% | +19.47% | +1.01% | +7.46% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $3.49B | $3.15B | $2.67B | $3.41B | $3.15B | $3.37B | $3.59B | $3.94B | $3.86B |
| Net debt | $2.87B | $2.68B | $2.24B | $2.58B | $2.37B | $2.63B | $2.81B | $3.07B | $3B |
| Net debt / EBITDA | 2.85 | 2.28 | 1.73 | 2.42 | 1.96 | 2.00 | 1.98 | 2.12 | 1.93 |
| Debt / equity | 1.24 | 0.90 | 0.65 | 0.73 | 0.62 | 0.66 | 0.68 | 0.71 | 0.65 |
| Debt / assets | +32.86% | +29.02% | +23.83% | +28.07% | +24.68% | +24.98% | +25.03% | +27.06% | +24.46% |
| Equity / assets | +26.42% | +32.14% | +36.50% | +38.43% | +39.79% | +37.95% | +36.91% | +38.29% | +37.82% |
| Coverage | |||||||||
| EBITDA / interest expense | 11.28 | 11.56 | 13.63 | 11.20 | 11.53 | 12.17 | 12.68 | 11.64 | 12.27 |
| Operating income / interest | 5.76 | 5.54 | 8.22 | 5.63 | 5.79 | 6.37 | 6.88 | 6.36 | 6.53 |
| Interest expense | $89M | $102M | $95M | $95M | $105M | $108.05M | $112.32M | $124.16M | $127.1M |
| Liquidity | |||||||||
| Current ratio | 1.15 | 0.95 | 0.95 | 1.08 | 1.13 | — | — | — | — |
| Quick ratio | 1.06 | 0.87 | 0.86 | 0.98 | 1.04 | — | — | — | — |
| Cash ratio | 0.26 | 0.16 | 0.14 | 0.28 | 0.25 | — | — | — | — |
| Working capital | $363M | -$149M | -$152M | $237M | $406M | — | — | — | — |
| Working capital / revenue | +3.81% | -1.40% | -1.33% | +2.05% | +3.25% | — | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).