HII Huntington Ingalls Industries, Inc. Common Stock

NYSE · Aerospace & Defense · View on SEC EDGAR ↗
$293.71
Price · Aug 24, 2026
Fundamentals as of Jul 30, 2026

About Huntington Ingalls Industries, Inc. Common Stock Company overview from Wikipedia

Huntington Ingalls Industries, Inc., (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII was formed on 31 March 2011, as a divestiture from Northrop Grumman.

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Huntington Ingalls Industries, Inc., (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII was formed on 31 March 2011, as a divestiture from Northrop Grumman.

HII comprises three divisions: Newport News Shipbuilding in Virginia, Ingalls Shipbuilding in Mississippi, and Mission Technologies.

In April 2022, Huntington Ingalls Industries changed its branding name to HII.

History

When it spun off as a new company on 31 March 2011, Huntington Ingalls Industries comprised Northrop Grumman’s shipbuilding businesses in Newport News, Virginia, Pascagoula, Mississippi, and Avondale, Louisiana; Avondale was closed in 2014.

Since its creation, HII has built and expanded its professional and government services through the acquisitions of UniversalPegasus International, the S.M. Stoller Corporation, Camber Corporation, Novonics, the Columbia Group's Engineering Solutions division, G2 Inc., Alion Science and Technology, and Fulcrum IT Services.

In 2016, HII established a third division, Technical Solutions (now Mission Technologies), comprising the company's services capabilities. HII’s Mission Technologies division is headquartered in McLean, Virginia, with more than 100 facilities across the globe.

HII is named for the founders of its shipbuilding divisions: Collis Potter Huntington, who founded Newport News Shipbuilding and Drydock Company, and Robert Ingersoll Ingalls Sr., who established Ingalls Shipbuilding.

On 10 October 2024, the People's Republic of China announced sanctions on three U.S. military-industrial companies and 10 Americans, including Huntington Ingalls Industries and its president and CEO Christopher D. Kastner, for participating in arms sales to Taiwan.

Divisions

Newport News Shipbuilding, Newport News, Virginia (U.S. Navy nuclear aircraft carriers, submarines, refueling and complex overhaul, carrier inactivation)

Ingalls Shipbuilding, Pascagoula, Mississippi (U.S. Navy surface combatants, amphibious warships, and U.S. Coast Guard National Security Cutters)

Mission Technologies, (U.S. unified combatant command support, U.S. Navy fleet support, USAF and Air National Guard training support, software engineering and IT solutions, cybersecurity, other DoD training, unmanned systems, intelligence analysis, Department of Energy nuclear operations, nuclear fabrication, oil and gas services)

Ingalls Shipbuilding

In 1938, Ingalls Shipbuilding Corporation was founded by Robert Ingersoll Ingalls Sr. (1882–1951), on the East Bank of the Pascagoula River in Mississippi. It started out building commercial ships until the 1950s, when Ingalls started bidding on Navy work.

Employing more than 11,000 employees, HII's Ingalls Shipbuilding is the largest manufacturing employer in Mississippi and a major contributor to the economic growth of Alabama. For 85 years, Ingalls has designed, built and maintained amphibious ships, destroyers, and cutters for the U.S. Navy and the U.S. Coast Guard. The largest supplier of U.S. Navy surface combatants, Ingalls is simultaneously building four classes of ships.

Brian Blanchette, who served as vice president of quality at Ingalls from 2021 to 2024, began serving as president of Ingalls Shipbuilding and vice president of HII on 1 January 2025, after his predecessor Kari Wilkinson was named president of Newport News Shipbuilding in November 2024. As president, Blanchette is responsible for all programs and operations at Ingalls, including the U.S. Navy’s amphibious assault and surface combatant ship programs.

Newport News Shipbuilding

Founded in 1886, HII's Newport News Shipbuilding, headquartered in Newport News, Virginia, is the nation’s sole designer, builder and refueler of nuclear-powered aircraft carriers and one of only two shipyards capable of designing and building nuclear-powered submarines. The division's legacy of "Always Good Ships," includes the design, construction, overhaul and repair of more than 800 ships for the U.S. Navy and commercial customers.

Jennifer Boykin served as president of Newport News Shipbuilding and executive president of HII from 2017 to 2025. Boykin was the 20th person and the first woman to serve as president. On 1 January 2025, Kari Wilkinson was named to this position, coming from HII's Ingalls shipyard in Mississippi.

Facilities

HII operates facilities in several key locations across the US:

Newport News Shipbuilding, Newport News, Virginia (nuclear-powered aircraft carriers and submarines, refueling and complex overhaul, aircraft carrier inactivation)

Ingalls Shipbuilding, Pascagoula, Mississippi (U.S. Navy surface combatants, amphibious assault ships; U.S. Coast Guard national security cutters)

Virginia Beach, Virginia (fleet support, training)

San Diego, California (fleet support and repair)

Huntsville, Alabama (modeling and simulation, training, professional services)

Fairfax, Virginia (IT and cybersecurity services)

Former facilities

Gulfport, Mississippi (composite R&D, composite components)

Tallulah, Louisiana (components and subassemblies, closed in 2011)

Waggaman, Louisiana (closed in 2011)

Avondale Shipyard, New Orleans, Louisiana (amphibs, auxiliaries, closed in October 2014)

Projects

Gerald R. Ford-class aircraft carriers

As the nation’s sole designer-builder of nuclear-powered aircraft carriers, HII is currently designing and building the next-generation of aircraft carriers – the Gerald R. Ford class, the first new design for an aircraft carrier in decades – that use new technologies to provide the U.S. Navy with increased power and reduced manning. The company is to build ten Gerald R. Ford-class aircraft carriers for the U.S. Navy and is scheduled to deliver one carrier every five years starting in 2015.

In 2019, the U.S. Navy awarded HII a $15.2 billion block contract for the detail design and construction of Enterprise (CVN-80) and Doris Miller (CVN-81).

Aircraft Carrier Refueling and Complex Overhaul (RCOH)

HII's Newport News Shipbuilding is the only shipyard to perform refueling and complex overhaul (RCOH) work on aircraft carriers. This massive undertaking was described in a 2002 Rand Study as one of the most challenging engineering and industrial tasks undertaken anywhere by any organization.

The multi-year project is performed only once during a carrier’s 50-year life and includes refueling of the ship’s two nuclear reactors, as well as significant repair, upgrade and modernization work. HII have completed the refueling and complex overhaul of the first six ships of the Nimitz-class, USS Nimitz (CVN 68), USS Dwight D. Eisenhower (CVN 69), USS Carl Vinson (CVN 70), USS Theodore Roosevelt (CVN 71), USS Abraham Lincoln (CVN 72) and USS George Washington (CVN 73). As of 2024, HII is performing this work on the seventh ship in the class, USS John C. Stennis (CVN 74).

Aircraft carrier inactivation

Newport News Shipbuilding also offers inactivation services for nuclear-powered aircraft carriers. In 2018, NNS successfully completed the inactivation of Enterprise (CVN 65), which began in 2013. The NNS-built Enterprise was the world’s first nuclear-powered aircraft carrier and the only ship of its class.

Columbia-class submarines

HII's Newport News Shipbuilding is a major shipbuilding partner in the Columbia-class program, constructing and delivering six module sections per submarine under contract to General Dynamics Electric Boat to support the Navy’s plan to replace the aging Ohio-class.

The new submarines will make up one leg of the U.S. strategic nuclear deterrent triad. The 561-foot-long submarines will include a new life-of-ship reactor, an electric drive propulsion system and field 16 Trident II D5 ballistic missiles.

Building on the success of the Virginia-class submarine program, NNS is participating in the construction of 12 Columbia-class submarines with Electric Boat as the prime contractor. Newport News Shipbuilding is manufacturing major Columbia-class assemblies and modules, including the bow, stern, auxiliary machinery room, superstructure and weapons modules.

Virginia-class attack submarines

HII's Newport News Shipbuilding is one of only two U.S. shipyards capable of designing and building nuclear-powered submarines. Currently, NNS is building the most advanced attack submarines in the world—the Virginia class.

Designed to meet the Navy’s requirements in a post-Cold War era, Virginia-class submarines use advanced technologies to increase firepower, maneuverability and stealth. The submarines are capable of submerged speeds of more than 25 knots and can stay submerged for up to three months at a time.

Under an innovative agreement, Newport News Shipbuilding is producing these submarines as part of a teaming agreement with General Dynamics Electric Boat.

Prior to the Virginia-class, Newport News Shipbuilding designed the Los Angeles-class submarines and constructed 29 of the 62 boats built.

America-class amphibious assault ships

USS America (LHA 6) was delivered in April 2014 and commissioned 11 October 2014. It is first in the new class of amphibious assault ships for the U.S. Navy, replacing USS Tarawa (LHA 1). Ingalls’ next ship in the class, Tripoli (LHA 7), was delivered to the Navy on 28 February 2020. The ship was christened on 16 September 2017.

On 16 June 2017, Ingalls Shipbuilding was awarded $3.1 billion contract to build Bougainville (LHA 8). Construction started on LHA 8 on 15 October 2018, and the ship's keel was laid on 13 March 2019.

Arleigh Burke-class destroyers

On 27 September 2018, Ingalls Shipbuilding won a $5.1 billion multi-year contract to build an additional six Arleigh Burke-class destroyers. These destroyers are equipped with the Navy's Aegis Combat System. Fabrication of the first Flight III ship, Jack. H. Lucas (DDG-125), started on 7 May 2018. Ingalls has built and delivered 31 ships to the U.S. Navy, with four more under construction. Paul Ignatius (DDG-117), is scheduled for commissioning on 27 July in Fort Lauderdale, Florida.

Amphibious ships

HII builds LPD 17 San Antonio and LHA America classes of amphibious warships. Designed for survivability and flexibility, U.S. Navy amphibious warships' function is to allow complex joint U.S. military operations to respond swiftly to crisis anywhere in the world, from deterrence and major combat operations to humanitarian assistance and disaster relief.

LPD San Antonio-class

HII's Ingalls Shipbuilding is building the entire San Antonio class of ships, the newest addition to the Navy's 21st century amphibious assault force. LPDs 17 to 28 have been delivered to the U.S. Navy. The latest, USS Fort Lauderdale (LPD 28), was delivered in March 2022.

In March 2023, Ingalls received a $1.3 billion modification to a previously awarded contract from the U.S. Navy for the procurement of the detail design and construction of amphibious transport dock LPD 32. The ship will be the 16th in the San Antonio class and the third Flight II LPD.

LHA 6 America-class

The America-class LHA ships are a variant of the extremely successful Wasp-class LHD amphibious assault ships that are presently serving as workhorses in the U. S. Navy fleet. Also known as "Large Deck amphibious ships," they are the centerpieces of amphibious ready groups and a U.S. Marine Corps Air-Ground Task Force.

HII's Ingalls Shipbuilding has delivered two America-class amphibious assault ships to the U.S. Navy: America (LHA 6) in April 2014, and Tripoli (LHA 7) in February 2020.

U.S. Coast Guard National Security Cutters

HII's Ingalls Shipbuilding provides the U.S. Coast Guard with Legend-class National Security Cutters, the flagships of the Coast Guard's cutter fleet. They are designed to replace the 378-foot Hamilton-class high-endurance cutters, which entered service during the 1960s. The National Security Cutter is the first new design for the service in 20 years.

The current Program of Record is for 11 ships, of which the first nine have been successfully delivered to the U.S. Coast Guard. Ingalls' ninth NSC, Stone (WMSL 758), was delivered in November 2020.

In December 2018, Ingalls received two contracts from the U.S. Coast Guard to build a 10th and 11th NSC. The contracts are valued at $468.75 million and $462.13 million, respectively. On 5 June 2025, the Secretary of Homeland Security cancelled the 11th cutter's contract due to continued delays past the 2024 delivery date.

Unmanned Systems

HII creates advanced unmanned solutions for defense, marine research and commercial applications. Serving customers in more than 30 countries, HII provides design, autonomy, manufacturing, testing, operations and sustainment of unmanned systems, including unmanned underwater vehicles (UUVs) and unmanned surface vessels (USVs). The company's REMUS UUVs - , untethered, autonomous marine robots - carry sensors and payloads to collect data for a variety of applications.

Mission Technologies contracts

In August 2023, HII's Mission Technologies division received its largest contract win through the $1.4 billion Joint Network Engineering and Emerging Operations (J-NEEO) task order.

HII's Mission Technologies also celebrated other several large contract wins:

1.3 billion to support the U.S. Africa Command (AFRICOM) Personnel Recovery Enterprise Services and Solutions (PRESS) task order

A $995 million contract to provide Advisory and Assistance Services (A&AS) for the U.S. Air Forces in Europe-Air Forces Africa (USAFE-AFAFRICA)

A $242 million contract to provide shore-based training, engineering and development support (SBEDS) for the U.S. Navy

Vertical Launch Support

In April 2024, Mission Technologies was awarded a contract by the U.S. Navy to analyze, research and develop enhanced capabilities for the Mk 41 and Mk 57 vertical launching systems (VLS) onboard U.S. Navy surface ships. HII is also to equip the first Zumwalt-class destroyer (DDG 1001) with a universal electronics module for the Mk 57 vertical launch system.

"Golden Fleet"

On 19 December 2025 the US Navy announced it would commission a new class of frigates in a series of warships to make up US President Donald Trump's envisioned "Golden Fleet". A derivative of the National Security Cutter, designated FF(X), was chosen for production.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

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HII Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$293.71
Market Cap
$11.53B
P/E (TTM)
19.1
EPS (TTM)
$15.39
Revenue (TTM)
$12.48B
Div Yield
1.9%
ROE
12.2%
Debt/Equity
52W Range
$264 – $460

HII Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $12.48B
10-point trend, +76.6%
2016-12-31 2025-12-31
EPS $15.39
10-point trend, +26.8%
2016-12-31 2025-12-31
Free Cash Flow $794M
10-point trend, +47.9%
2016-12-31 2025-12-31
Margins 4.9%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
HII
Peer Median
P/E (TTM)
5-point trend, +59.7%
19.1
54.1
P/S (TTM)
5-point trend, +36.3%
0.9
7.1
P/B
5-point trend, -1.1%
2.3
4.8
Price / FCF
5-point trend, -3.5%
14.5

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
HII
Peer Median
Operating Margin
5-point trend, -2.4%
5.3%
Net Profit Margin
5-point trend, -15.1%
4.9%
5.4%
ROA
5-point trend, -16.1%
4.9%
3.8%
ROE
5-point trend, -44.2%
12.2%
8.1%
ROIC
5-point trend, +37.1%
10.1%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
HII
Peer Median
Current Ratio
5-point trend, -1.4%
1.1
3.0
Quick Ratio
5-point trend, -74.5%
0.1

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
HII
Peer Median
Revenue YoY
5-point trend, +31.1%
8.2%
Revenue CAGR 3Y
5-point trend, +31.1%
5.3%
Revenue CAGR 5Y
5-point trend, +31.1%
5.9%
EPS YoY
5-point trend, +14.0%
10.2%
Net Income YoY
5-point trend, +11.2%
10.0%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
HII
Peer Median
EPS (Diluted)
5-point trend, +14.0%
$15.39

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
HII
Peer Median
Payout Ratio
5-point trend, +3.0%
35.2%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
1.9%
Payout Ratio
35.2%
5Y Div CAGR
Ex-dateAmount
May 29, 2026$1.3800
Feb. 27, 2026$1.3800
Nov. 28, 2025$1.3800
Aug. 29, 2025$1.3500
May 30, 2025$1.3500
Feb. 28, 2025$1.3500
Nov. 29, 2024$1.3500
Aug. 30, 2024$1.3000
May 31, 2024$1.3000
Feb. 22, 2024$1.3000
Nov. 22, 2023$1.3000
Aug. 24, 2023$1.2400
May 25, 2023$1.2400
Feb. 23, 2023$1.2400
Nov. 23, 2022$1.2400
Aug. 25, 2022$1.1800
May 26, 2022$1.1800
Feb. 24, 2022$1.1800
Nov. 24, 2021$1.1800
Aug. 26, 2021$1.1400

HII Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 17 analysts
  • Strong Buy 3 17.6%
  • Buy 7 41.2%
  • Hold 7 41.2%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

12 analysts · 2026-08-24
Median target $367.00 +25.0%
Mean target $368.08 +25.3%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.54%
Period EPS Actual EPS Est Surprise
June 30, 2026 $5.27 $3.84 1.4%
March 31, 2026 $3.79 $3.76 0.03%
Dec. 31, 2025 $4.04 $3.92 0.12%
Sept. 30, 2025 $3.68 $3.39 0.29%
June 30, 2025 $3.86 $3.31 0.55%
March 31, 2025 $3.79 $2.94 0.85%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
HII $13.34B 22.1 8.2% 4.9% 12.2%
FTAI
TXT $15.17B 17.0 8.0% 6.2% 12.0%
BWXT 48.3 18.3% 10.3% 28.4%
DRS $9.06B 33.1 12.8% 7.6% 10.4% 23.8%
KTOS $13.12B 597.7 18.5% 1.6% 1.1% 22.9%
SARO $9.59B 34.6 15.8% 4.6% 10.7%
AVAV $9.87B -36.1 140.9% -13.4% -6.0% 25.3%
HXL $5.59B 194.5 -0.48% 5.8% 7.8% 23.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15
Annual Income Statement data for HII
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +79.4% $12.48B $11.54B $11.45B $10.68B $9.52B $9.36B $8.90B $8.18B $7.44B $7.07B $7.02B $6.96B
Cost of Revenue 4-point trend, -1.0% · · · · · · · · $4.44B $4.38B $4.32B $4.49B
R&D Expense 12-point trend, +44.4% $26M $27M $35M $40M $34M $31M $23M $25M $17M $19M $19M $18M
SG&A Expense 12-point trend, +34.6% $977M $973M $1.02B $924M $898M $904M $788M $871M $759M $768M $669M $726M
Operating Income 12-point trend, +0.3% $657M $535M $781M $565M $513M $799M $736M $951M $881M $876M $769M $655M
Interest Expense 12-point trend, -29.5% $105M $95M $95M $102M $89M $114M $70M $58M $94M $74M $137M $149M
Other Non-op 10-point trend, +3400.0% $35M $24M $19M $-20M $17M $6M $5M $4M $1M · · $1M
Pretax Income 12-point trend, +53.3% $777M $643M $853M $719M $622M $810M $683M $971M $772M $784M $632M $507M
Income Tax 12-point trend, +1.8% $172M $93M $172M $140M $78M $114M $134M $135M $293M $211M $228M $169M
Net Income 12-point trend, +79.0% $605M $550M $681M $579M $544M $696M $549M $836M $479M $573M $404M $338M
EPS (Basic) 12-point trend, +122.1% $15.39 $13.96 $17.07 $14.44 $13.50 $17.14 $13.26 $19.09 $10.48 $12.24 $8.43 $6.93
EPS (Diluted) 12-point trend, +124.3% $15.39 $13.96 $17.07 $14.44 $13.50 $17.14 $13.26 $19.09 $10.46 $12.14 $8.36 $6.86
Shares (Basic) 12-point trend, -19.5% 39,300,000 39,400,000 39,900,000 40,100,000 40,300,000 40,600,000 41,400,000 43,800,000 45,700,000 46,800,000 47,900,000 48,800,000
Shares (Diluted) 12-point trend, -20.3% 39,300,000 39,400,000 39,900,000 40,100,000 40,300,000 40,600,000 41,400,000 43,800,000 45,800,000 47,200,000 48,300,000 49,300,000
EBITDA 11-point trend, +3.9% $986M $861M $1.13B $923M $806M $1.05B $963M $1.15B $1.07B $1.04B $949M ·
Balance Sheet 25
Annual Balance Sheet data for HII
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 10-point trend, -56.6% · · $430M $467M $627M $512M $75M $240M $701M $720M $894M $990M
Receivables 12-point trend, -67.3% $339M $212M $461M $636M $433M $397M $318M $252M $429M $1.16B $1.07B $1.04B
Prepaid Expense 12-point trend, +54.0% $77M $90M $83M $50M $50M $45M $24M $27M $123M $48M $31M $50M
Current Assets 12-point trend, +42.8% $3.45B $3.23B $2.88B $2.75B $2.79B $2.44B $1.78B $1.75B $2.19B $2.14B $2.28B $2.42B
PP&E (Net) 12-point trend, +107.9% $3.73B $3.45B $3.30B $3.20B $3.11B $2.98B $2.83B $2.52B $2.21B $1.99B $1.83B $1.79B
PP&E (Gross) 12-point trend, +106.2% $6.48B $6.03B $5.76B $5.52B $5.26B $5.00B $4.79B $4.35B $3.98B $3.61B $3.32B $3.14B
Accum. Depreciation 12-point trend, +103.8% $2.75B $2.58B $2.47B $2.32B $2.15B $2.02B $1.96B $1.83B $1.77B $1.63B $1.49B $1.35B
Goodwill 12-point trend, +158.3% $2.65B $2.62B $2.62B $2.62B $2.63B $1.62B $1.37B $1.26B $1.22B $1.23B $956M $1.03B
Intangibles 12-point trend, +26.9% $694M $782M $891M $1.02B $1.16B $512M $492M $492M $508M $548M $495M $547M
Other Non-current Assets 12-point trend, +174.5% $5.57B $5.46B $5.04B $4.91B $4.73B $2.73B $2.41B $2.12B $1.96B $2.22B $1.91B $2.03B
Total Assets 12-point trend, +104.3% $12.75B $12.14B $11.21B $10.86B $10.63B $8.16B $7.03B $6.38B $6.37B $6.35B $6.02B $6.24B
Accounts Payable 12-point trend, +106.7% $556M $598M $554M $642M $603M $460M $497M $562M $375M $316M $317M $269M
Current Liabilities 12-point trend, +132.1% $3.04B $2.99B $3.03B $2.90B $2.43B $2.23B $1.89B $1.83B $1.39B $1.34B $1.27B $1.31B
Capital Leases 7-point trend, +36.0% $223M $205M $228M $246M $194M $157M $164M · · · · ·
Deferred Tax · · · · $313M · · · · · · ·
Other Non-current Liabilities 12-point trend, +222.9% $339M $407M $379M $366M $362M $315M $291M $189M $101M $90M $103M $105M
Total Liabilities 12-point trend, +57.5% $7.68B $7.47B $7.12B $7.37B $7.82B $6.26B $5.44B $4.87B $4.62B $4.70B $4.53B $4.87B
Long-term Debt 11-point trend, +91.8% · $3.20B $2.44B $2.90B $3.30B $1.69B $1.29B $1.28B $1.28B $1.28B $1.27B $1.67B
Total Debt 9-point trend, +92.1% · · $2.44B $2.90B $3.30B $1.69B $1.29B $1.28B $1.28B $1.28B $1.27B ·
Retained Earnings 12-point trend, +945.1% $5.49B $5.10B $4.75B $4.28B $3.89B $3.53B $3.01B $2.61B $1.69B $1.32B $848M $525M
Treasury Stock 12-point trend, +849.2% $2.45B $2.45B $2.29B $2.21B $2.16B $2.06B $1.97B $1.76B $972M $684M $492M $258M
AOCI 12-point trend, +93.9% $-53M $-28M $-422M $-599M $-923M $-1.55B $-1.41B $-1.29B $-900M $-951M $-845M $-862M
Stockholders' Equity 12-point trend, +271.6% $5.07B $4.67B $4.09B $3.49B $2.81B $1.90B $1.59B $1.52B $1.76B $1.65B $1.49B $1.36B
Liabilities + Equity 12-point trend, +104.3% $12.75B $12.14B $11.21B $10.86B $10.63B $8.16B $7.03B $6.38B $6.37B $6.35B $6.02B $6.24B
Shares Outstanding 12-point trend, -18.8% 39,241,527 39,129,419 39,618,880 39,863,456 40,000,000 40,500,000 40,800,000 41,900,000 45,100,000 46,200,000 46,900,000 48,300,000
Cash Flow 18
Annual Cash Flow data for HII
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +69.6% $329M $326M $347M $358M $293M $247M $227M $203M $205M $186M $180M $194M
Stock-based Comp 12-point trend, +58.8% $54M $23M $34M $36M $33M $23M $30M $36M $34M $36M $43M $34M
Deferred Tax 9-point trend, +10.3% $203M $-122M $-113M $2M $98M $23M $97M $10M $184M · · ·
Amort. of Intangibles 12-point trend, +271.4% $104M $109M $128M $140M $86M $56M $47M $36M $40M $23M $26M $28M
Other Non-cash 11-point trend, -97.5% $5M $-384M $21M $-209M $-208M $104M $-7M $-161M $96M $27M $201M ·
Operating Cash Flow 12-point trend, +58.4% $1.20B $393M $970M $766M $760M $1.09B $896M $914M $814M $822M $861M $755M
CapEx 12-point trend, +143.6% $402M $367M $292M $284M $331M $353M $530M $463M $382M $285M $188M $165M
Investing Cash Flow 12-point trend, -19.2% $-521M $-348M $-236M $-268M $-1.95B $-759M $-627M $-476M $-349M $-653M $-141M $-437M
Debt Issued 6-point trend, +66.7% · $1.00B · · $1.65B $1.00B · · $600M · $600M $600M
Net Debt Issued 8-point trend, -26.6% $-500M $771M $-480M $-400M $1.62B $400M · · $0 · $-395M ·
Stock Repurchased 11-point trend, +17.4% · $162M $75M $52M $101M $84M $262M $742M $286M $194M $232M $138M
Net Stock Activity 10-point trend, +30.2% · $-162M $-75M $-52M $-101M $-84M $-262M $-742M $-286M $-194M $-232M ·
Dividends Paid 12-point trend, +334.7% $213M $206M $200M $192M $186M $172M $149M $132M $115M $98M $81M $49M
Financing Cash Flow 12-point trend, -97.3% $-732M $356M $-771M $-658M $1.31B $103M $-434M $-899M $-484M $-343M $-816M $-371M
Net Change in Cash 12-point trend, -7.5% $-57M $401M $-37M $-160M $115M $437M $-165M $-461M $-19M $-174M $-96M $-53M
Taxes Paid 4-point trend, -24.4% $96M $255M $330M $127M · · · · · · · ·
Free Cash Flow 11-point trend, +24.1% $794M $26M $678M $482M $429M $740M $366M $451M $432M $537M $640M ·
Levered FCF 11-point trend, +28.9% $712M $-55M $602M $400M $351M $642M $310M $401M $374M $483M $552M ·
Profitability 7
Annual Profitability data for HII
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 11-point trend, -52.0% 5.3% 4.6% 6.8% 5.3% 5.4% 8.5% 8.3% 11.6% 11.6% 12.1% 10.9% ·
Net Margin 11-point trend, -15.7% 4.9% 4.8% 5.9% 5.4% 5.7% 7.4% 6.2% 10.2% 6.4% 8.1% 5.8% ·
Pretax Margin 11-point trend, -30.9% 6.2% 5.6% 7.4% 6.7% 6.5% 8.6% 7.7% 11.9% 10.4% 11.1% 9.0% ·
EBITDA Margin 11-point trend, -41.6% 7.9% 7.5% 9.8% 8.6% 8.5% 11.2% 10.8% 14.1% 14.4% 14.8% 13.5% ·
ROA 11-point trend, -26.3% 4.9% 4.7% 6.2% 5.4% 5.8% 9.2% 8.2% 13.1% 7.5% 9.3% 6.6% ·
ROE 11-point trend, -55.2% 12.2% 12.4% 17.4% 17.7% 21.8% 36.8% 33.3% 50.0% 27.6% 34.7% 27.1% ·
ROIC 11-point trend, -43.3% 10.1% 9.8% 9.5% 7.1% 7.3% 19.1% 20.6% 29.2% 17.7% 21.4% 17.8% ·
Liquidity & Solvency 5
Annual Liquidity & Solvency data for HII
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 11-point trend, -36.8% 1.1 1.1 0.9 0.9 1.1 1.1 0.9 1.0 1.6 1.6 1.8 ·
Quick Ratio 11-point trend, -92.8% 0.1 0.1 0.2 0.2 0.4 0.4 0.2 0.3 1.4 1.4 1.5 ·
Debt / Equity 9-point trend, -30.1% · · 0.6 0.8 1.2 0.9 0.8 0.8 0.7 0.8 0.9 ·
LT Debt / Equity 9-point trend, -36.7% · · 0.5 0.7 1.2 0.9 0.8 0.8 0.7 0.8 0.9 ·
Interest Coverage 11-point trend, +11.5% 6.3 5.6 8.2 5.5 5.8 7.0 10.5 16.4 9.2 11.6 5.6 ·
Efficiency 2
Annual Efficiency data for HII
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 11-point trend, -12.4% 1.0 1.0 1.0 1.0 1.0 1.2 1.3 1.3 1.2 1.1 1.1 ·
Receivables Turnover 11-point trend, +581.6% 45.3 34.3 20.9 20.0 22.9 26.2 31.2 24.0 6.3 6.3 6.6 ·
Per Share 6
Annual Per Share data for HII
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 11-point trend, +306.9% $129.28 $119.25 $103.31 $87.44 $70.20 $46.94 $38.92 $36.18 $38.98 $35.78 $31.77 ·
Revenue / Share 11-point trend, +118.6% $317.66 $292.77 $287.07 $266.23 $236.33 $230.57 $214.95 $186.67 $162.47 $149.75 $145.34 ·
Cash Flow / Share 11-point trend, +77.5% $30.43 $9.97 $24.31 $19.10 $18.86 $26.92 $21.64 $20.87 $17.77 $17.42 $17.14 ·
Cash / Share 7-point trend, -17.8% · · · · $15.68 $12.64 $1.84 $5.73 $15.54 $15.58 $19.06 ·
Dividend / Share 12-point trend, +443.0% $5 $5 $5 $5 $5 $4 $4 $3 $3 $2 $2 $1
EPS (TTM) 12-point trend, +124.3% $15.39 $13.96 $17.07 $14.44 $13.50 $17.14 $13.26 $19.09 $10.46 $12.14 $8.36 $6.86
Growth Rates 10
Annual Growth Rates data for HII
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +373.0% 8.2% 0.71% 7.3% 12.1% 1.7% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -23.1% 5.3% 6.6% 7.0% · · · · · · · · ·
Revenue CAGR 5Y 5.9% · · · · · · · · · · ·
EPS YoY 5-point trend, +148.2% 10.2% -18.2% 18.2% 7.0% -21.2% · · · · · · ·
EPS CAGR 3Y 3-point trend, +1635.7% 2.1% 1.1% -0.14% · · · · · · · · ·
EPS CAGR 5Y -2.1% · · · · · · · · · · ·
Net Income YoY 5-point trend, +145.8% 10.0% -19.2% 17.6% 6.4% -21.8% · · · · · · ·
Net Income CAGR 3Y 3-point trend, +304.2% 1.5% 0.37% -0.72% · · · · · · · · ·
Net Income CAGR 5Y -2.8% · · · · · · · · · · ·
Dividend CAGR 5Y 4.4% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for HII
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +79.4% $12.48B $11.54B $11.45B $10.68B $9.52B $9.36B $8.90B $8.18B $7.44B $7.07B $7.02B $6.96B
Net Income TTM 12-point trend, +79.0% $605M $550M $681M $579M $544M $696M $549M $836M $479M $573M $404M $338M
Market Cap 11-point trend, +124.3% $13.34B $7.39B $10.29B $9.20B $7.47B $6.90B $10.24B $7.97B $10.63B $8.51B $5.95B ·
Enterprise Value 7-point trend, +60.2% · · · · $10.14B $8.08B $11.45B $9.02B $11.21B $9.07B $6.33B ·
P/E 12-point trend, +34.8% 22.1 13.5 15.2 16.0 13.8 9.9 18.9 10.0 22.5 15.2 15.2 16.4
P/S 11-point trend, +26.1% 1.1 0.6 0.9 0.9 0.8 0.7 1.2 1.0 1.4 1.2 0.8 ·
P/B 11-point trend, -34.1% 2.6 1.6 2.5 2.6 2.7 3.6 6.4 5.3 6.0 5.1 4.0 ·
P / Tangible Book 3-point trend, -56.2% 7.7 5.8 17.6 · · · · · · · · ·
P / Cash Flow 11-point trend, +55.3% 11.2 18.8 10.6 12.0 9.8 6.3 11.4 8.7 13.1 10.4 7.2 ·
P / FCF 11-point trend, +80.8% 16.8 284.4 15.2 19.1 17.4 9.3 28.0 17.7 24.6 15.8 9.3 ·
EV / EBITDA 7-point trend, +88.7% · · · · 12.6 7.7 11.9 7.8 10.5 8.7 6.7 ·
EV / FCF 7-point trend, +139.1% · · · · 23.6 10.9 31.3 20.0 25.9 16.9 9.9 ·
EV / Revenue 7-point trend, +18.1% · · · · 1.1 0.9 1.3 1.1 1.5 1.3 0.9 ·
Dividend Yield 11-point trend, +17.6% 1.6% 2.8% 1.9% 2.1% 2.5% 2.5% 1.5% 1.7% 1.1% 1.1% 1.4% ·
Earnings Yield 12-point trend, -25.7% 4.5% 7.4% 6.6% 6.3% 7.2% 10.1% 5.3% 10.0% 4.4% 6.6% 6.6% 6.1%
Payout Ratio 11-point trend, +75.6% 35.2% 37.5% 29.4% 33.2% 34.2% 24.7% 27.1% 15.8% 24.0% 17.1% 20.1% ·
Annual Payout 12-point trend, +334.7% $213M $206M $200M $192M $186M $172M $149M $132M $115M $98M $81M $49M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $12.48B$11.54B$11.45B$10.68B$9.52B
Operating Margin % 5.3%4.6%6.8%5.3%5.4%
Net Income $605M$550M$681M$579M$544M
Diluted EPS $15.39$13.96$17.07$14.44$13.50
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.60.81.2
Current Ratio 1.11.10.90.91.1
Quick Ratio 0.10.10.20.20.4
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $794M$26M$678M$482M$429M

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Institutional owners (13F) 888 filers · $6.4B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
92 (-82 vs prior Q) 163 (+77 vs prior Q) 248 (-56 vs prior Q) 300 (+37 vs prior Q) -436K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
STATE STREET CORP $818,039,261 2,922,717 12.86% Shares
VANGUARD CAPITAL MANAGEMENT LLC $719,468,721 2,570,541 11.31% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $574,450,994 2,052,417 9.03% Shares
FMR LLC $475,329,161 1,698,271 7.47% Shares
FIRST TRUST ADVISORS LP $332,367,674 1,187,494 5.23% Shares
GEODE CAPITAL MANAGEMENT, LLC $315,700,901 1,129,782 4.96% Shares
DIMENSIONAL FUND ADVISORS LP $230,421,420 823,258 3.62% Shares
EARNEST PARTNERS LLC $224,662,105 802,680 3.53% Shares
VAN ECK ASSOCIATES CORP $138,077,014 493,326 2.17% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $131,716,234 470,600 2.07% Shares
Qube Research & Technologies Ltd $119,123,423 425,608 1.87% Shares
VANGUARD FIDUCIARY TRUST CO $61,912,508 221,203 0.97% Shares
Diamond Hill Capital Management, LLC (Investment Advisor) $55,448,728 198,109 0.87% Shares
LOS ANGELES CAPITAL MANAGEMENT LLC $51,774,891 184,983 0.81% Shares
GOLDMAN SACHS GROUP INC $47,221,406 168,714 0.74% Shares
BARCLAYS PLC $44,468,082 158,877 0.70% Shares
CITADEL ADVISORS LLC $42,637,603 152,337 0.67% Shares
Balyasny Asset Management L.P. $39,132,820 139,815 0.62% Shares
JONES FINANCIAL COMPANIES LLLP $39,073,946 138,565 0.61% Shares
Point72 Asset Management, L.P. $37,491,266 133,950 0.59% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $36,609,612 130,800 0.58% Shares
River Road Asset Management, LLC $34,815,237 124,389 0.55% Shares
ENVESTNET ASSET MANAGEMENT INC $33,871,306 121,016 0.53% Shares
PRINCIPAL FINANCIAL GROUP INC $33,782,164 120,698 0.53% Shares
JACOBS LEVY EQUITY MANAGEMENT, INC $33,400,673 119,335 0.53% Shares
BNP PARIBAS FINANCIAL MARKETS $33,210,348 118,655 0.52% Shares
Gotham Asset Management, LLC $32,235,491 115,172 0.51% Shares
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV $32,125,873 114,780 0.51% Shares
BlackRock, Inc. $30,985,782 110,707 0.49% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $30,631,162 109,440 0.48% Shares
RENAISSANCE TECHNOLOGIES LLC $28,448,020 101,640 0.45% Shares
VANGUARD GROUP INC $28,122,089 82,695 0.44% Shares
LPL Financial LLC $26,412,213 94,366 0.42% Shares
Arbejdsmarkedets Tillaegspension $26,231,291 93,720 0.41% Shares
NEW YORK STATE COMMON RETIREMENT FUND $26,196,584 93,596 0.41% Shares
Quantinno Capital Management LP $24,759,169 88,460 0.39% Shares
MILLENNIUM MANAGEMENT LLC $23,865,101 85,266 0.38% Shares
California Public Employees Retirement System $23,119,754 82,603 0.36% Shares
Freestone Grove Partners LP $22,834,266 81,583 0.36% Shares
Vanguard Global Advisers, LLC $22,684,805 81,049 0.36% Shares
Swiss National Bank $22,116,908 79,020 0.35% Shares
RAYMOND JAMES FINANCIAL INC $21,285,159 76,048 0.33% Shares
VICTORY CAPITAL MANAGEMENT INC $20,946,688 74,839 0.33% Shares
Vident Advisory, LLC $20,211,697 72,213 0.32% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $19,172,465 68,500 0.30% Put option
RHUMBLINE ADVISERS $18,449,731 65,918 0.29% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $17,985,843 64,260 0.28% Shares
Nuveen Asset Management, LLC $17,720,662 93,775 0.28% Shares
UBS Group AG $17,389,566 62,130 0.27% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $17,326,859 45,609 0.27% Shares
ALGERT GLOBAL LLC $16,992,122 60,710 0.27% Shares
CANADA PENSION PLAN INVESTMENT BOARD $16,440,739 58,740 0.26% Shares
ALLIANCEBERNSTEIN L.P. $15,874,122 41,785 0.25% Shares
WCM INVESTMENT MANAGEMENT, LLC $14,743,833 53,152 0.23% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $14,554,280 52,000 0.23% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $14,058,035 50,227 0.22% Shares
Gradient Investments LLC $13,582,113 48,527 0.21% Shares
TD Asset Management Inc $13,046,513 46,613 0.21% Shares
NEEDHAM INVESTMENT MANAGEMENT LLC $12,874,940 46,000 0.20% Shares
ASSETMARK, INC $12,527,195 44,758 0.20% Shares
MARTINGALE ASSET MANAGEMENT L P $12,357,704 44,152 0.19% Shares
BANK OF NOVA SCOTIA $12,309,003 43,978 0.19% Shares
Cetera Investment Advisers $11,495,873 41,072 0.18% Shares
BANK OF AMERICA CORP /DE/ $11,481,367 41,021 0.18% Shares
FORA Capital, LLC $11,372,038 40,642 0.18% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $11,225,548 40,107 0.18% Shares
WELLS FARGO & COMPANY/MN $11,195,600 40,000 0.18% Call option
CWM, LLC $10,821,525 28,485 0.17% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $10,607,831 37,900 0.17% Call option
CITADEL ADVISORS LLC $10,187,996 36,400 0.16% Call option
TUDOR INVESTMENT CORP ET AL $10,182,118 36,379 0.16% Shares
WOLVERINE TRADING, LLC $9,923,315 35,500 0.16% Put option
Carnegie Investment Counsel $9,601,478 38,898 0.15% Shares
Eagle Ridge Investment Management $9,587,771 50,737 0.15% Shares
VANGUARD ASSET MANAGEMENT, Ltd $9,354,484 33,422 0.15% Shares
OLD NATIONAL BANCORP /IN/ $9,290,108 33,192 0.15% Shares
UBS Group AG $9,096,425 32,500 0.14% Put option
Brandywine Global Investment Management, LLC $8,495,629 24,982 0.13% Shares
WELLS FARGO & COMPANY/MN $8,367,876 29,897 0.13% Shares
AMERIPRISE FINANCIAL INC $8,319,729 29,725 0.13% Shares
Kestra Advisory Services, LLC $8,300,095 29,655 0.13% Shares
STATE OF WISCONSIN INVESTMENT BOARD $7,942,159 28,376 0.12% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $7,901,854 28,232 0.12% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $7,898,121 20,790 0.12% Shares
AMERICAN CENTURY COMPANIES INC $7,717,745 27,574 0.12% Shares
MUFG Securities EMEA plc $7,707,051 27,536 0.12% Shares
Markel Group Inc. $7,696,975 27,500 0.12% Shares
Corient Private Wealth LP $7,444,377 26,596 0.12% Shares
AMJ Financial Wealth Management $7,425,905 19,547 0.12% Shares
Maven Securities LTD $7,412,047 26,482 0.12% Shares
OSSIAM $7,400,571 26,441 0.12% Shares
WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC $6,991,281 24,979 0.11% Shares
Covea Finance $6,769,140 24,185 0.11% Shares
Squarepoint Ops LLC $6,758,504 24,147 0.11% Shares
CITIZENS FINANCIAL GROUP INC/RI $6,751,541 24,122 0.11% Shares
Woodline Partners LP $6,686,572 23,890 0.11% Shares
Brevan Howard Capital Management LP $6,480,013 23,152 0.10% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $6,429,353 22,971 0.10% Shares
Y-Intercept (Hong Kong) Ltd $6,342,307 22,660 0.10% Shares
PRUDENTIAL FINANCIAL INC $6,303,962 22,523 0.10% Shares

Company insiders 51 insiders · 30 officers · 20 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Thomas E. Stiehle Ex. VP and CFO June 12, 2026 A 18,991 0 0 $0
Barbara A Niland Corp VP and CFO Jan. 8, 2016 S 47,973 0 0 $0
Brian D. Blanchette Ex VP and President, Ingalls June 12, 2026 A 0 0 $0
Eric D. Chewning EVP, Maritime Sys & Corp STR June 12, 2026 A 0 0 $0
Edmond E. Hughes Jr. Ex VP & Chief HR Officer June 12, 2026 A 8,391 0 1 $-1,118,530
Kara R. Wilkinson Ex. VP and President, NNS June 12, 2026 A 6,846 0 0 $0
Chad N. Boudreaux Ex VP & Chief Legal Officer June 12, 2026 A 19,407 0 0 $0
Edgar A Green III Ex VP, Pres. HII Mission Tech June 12, 2026 A 7,477 0 0 $0
Nicolas G Schuck Corp VP, Controller & CAO June 12, 2026 A 2,260 0 0 $0
Todd A. Borkey Ex VP & Chief Technology Offic Aug. 26, 2024 F 3,725 0 0 $0
Christopher W. Soong Ex VP & CIO June 14, 2024 A 1,897 0 0 $0
Paul C. Harris Ex VP & Chief Sustainability June 14, 2024 A 2,147 0 0 $0
Stewart H. Holmes Ex. VP, Govt & Cust Relations June 14, 2024 A 4,156 0 0 $0
Brooke Hart Ex. VP, Communications June 14, 2024 A 1,012 0 0 $0
Jennifer R. Boykin Ex VP, President NNS June 14, 2024 A 0 0 0 $0
D R Wyatt Corp VP & Treasurer June 14, 2024 A 20,027 0 0 $0
Bharat B. Amin Ex. VP & CIO March 10, 2023 F 7,089 0 0 $0
William R Ermatinger Ex. VP, Chief HR Officer March 14, 2022 F 26,821 0 0 $0
Michael C Petters Exec. Vice Chairman March 14, 2022 F 467,166 0 0 $0
Jerri F Dickseski EX. VP, Communications Aug. 10, 2021 S 29,408 0 0 $0
Brian J. Cuccias Ex. VP & President, Ingalls April 1, 2021 A 61,153 0 0 $0
Scott D. Stabler II Ex VP Chief Transformation Off March 15, 2021 F 18,352 0 0 $0
Mitchell B Waldman Ex. VP-Govt & Cust Relations March 15, 2021 F 53,281 0 0 $0
Kellye L. Walker Ex. VP and Chief Legal Officer Feb. 26, 2020 F 18,411 0 0 $0
Michael Stephen Smith Ex. VP, Strategy & Dev. Aug. 25, 2017 F 2,034 0 0 $0
Matthew J Mulherin Ex. VP, President Newport News March 1, 2017 F 113,813 0 0 $0
Bruce Hawthorne Corp VP General Counsel & Sec March 12, 2015 S 30,802 0 0 $0
Douglass Fontaine II Corp. VP, CAO & Controller Feb. 25, 2015 F 48,623 0 0 $0
Irwin F Edenzon Corp. VP, Strategic Projects Nov. 10, 2014 S 31,649 0 0 $0
George M. Simmerman Jr. Corp VP, Dep Gen Counsel March 8, 2013 F 45,168 0 0 $0
Craig S. Faller Director July 1, 2026 A 2,047 0 0 $0
Stephanie L. O'Sullivan Director July 1, 2026 A 4,213 0 0 $0
Augustus L Collins Director July 1, 2026 A 11,066 0 0 $0
Tracy B Mckibben Director July 1, 2026 A 5,785 0 0 $0
Kirkland H Donald Director July 1, 2026 A 7,021 0 0 $0
Frank R Jimenez Director July 1, 2026 A 3,463 0 0 $0
Nick L Stanage Director July 1, 2026 A 3,936 1 0 $954,730
Leo P Denault Director July 1, 2026 A 4,744 0 0 $0
Thomas C Schievelbein Director July 1, 2026 A 23,346 0 0 $0
John K Welch Director April 1, 2026 A 7,781 0 0 $0
Anastasi D Kelly Director April 1, 2026 A 573 0 0 $0
Stephen R Wilson Director April 3, 2023 A 5,255 0 0 $0
Philip M. Bilden Director July 1, 2022 A 4,169 0 0 $0
Thomas B Fargo Director April 1, 2020 A 17,528 0 0 $0
Paul D. Miller Director April 3, 2017 A 255 0 0 $0
Robert F Bruner Director April 1, 2016 A 14,423 0 0 $0
Karl M Von Der Heyden Director April 1, 2016 A 1,237 0 0 $0
Artur G. Davis Director Dec. 12, 2014 A 12,948 0 0 $0
NORTHROP GRUMMAN CORP /DE/ Director March 30, 2011 J 0 0 0 $0
Christopher D Kastner Aug. 10, 2026 S 11,224 0 1 $-4,246,704

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 158 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
SCAP · Series Portfolios Trust 3.35% 2,216 NS May 31, 2026 N-PORT
EPMV · Harbor ETF Trust 2.47% 301 NS April 30, 2026 N-PORT
AIRR · First Trust Exchange-Traded Fund VI 2.44% 1,003,458 NS June 30, 2026 N-PORT
EPSB · Harbor ETF Trust 2.42% 309 NS April 30, 2026 N-PORT
DRES · GMO ETF Trust 2.32% 2,733 NS May 31, 2026 N-PORT
SHLD · Global X Funds 2.04% 530,155 NS May 31, 2026 N-PORT
EPSV · Harbor ETF Trust 1.73% 237 NS April 30, 2026 N-PORT
RCTR · First Trust Exchange-Traded Fund II 1.72% 1,646 NS June 30, 2026 N-PORT
FMKT · Tidal Trust I 1.38% 671 NS May 31, 2026 N-PORT
BOBP · EXCHANGE TRADED CONCEPTS TRUST 1.32% 65 NS April 30, 2026 N-PORT
RSPN · Invesco Exchange-Traded Fund Trust 1.20% 41,911 SH Aug. 21, 2026 Daily
MISL · First Trust Exchange-Traded Fund 1.15% 32,831 NS June 30, 2026 N-PORT
PPA · Invesco Exchange-Traded Fund Trust 1.07% 292,759 SH Aug. 21, 2026 Daily
SPVM · Invesco Exchange-Traded Fund Trust 0.97% 4,446 SH Aug. 21, 2026 Daily
ITA · iShares Trust 0.85% 403,256 SH Aug. 21, 2026 Daily
DFEN · Direxion Shares ETF Trust 0.85% 8,551 NS April 30, 2026 N-PORT
FTC · First Trust Exchange-Traded AlphaDE… 0.76% 26,570 NS April 30, 2026 N-PORT
PRAY · FIS Trust 0.71% 1,866 NS May 31, 2026 N-PORT
AMOM · Exchange Listed Funds Trust 0.66% 552 NS April 30, 2026 N-PORT
CZA · Invesco Exchange-Traded Fund Trust 0.60% 3,653 SH Aug. 21, 2026 Daily
DGLO · First Trust Exchange-Traded Fund VI 0.51% 65 NS June 30, 2026 N-PORT
AUSF · Global X Funds 0.42% 11,472 NS May 31, 2026 N-PORT
FXR · First Trust Exchange-Traded AlphaDE… 0.41% 7,845 NS April 30, 2026 N-PORT
FFLC · FIDELITY COVINGTON TRUST 0.39% 12,252 NS April 30, 2026 N-PORT
FEX · First Trust Exchange-Traded AlphaDE… 0.39% 16,168 NS April 30, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.38% 5,029 NS April 30, 2026 N-PORT
FDLO · FIDELITY COVINGTON TRUST 0.37% 14,081 NS April 30, 2026 N-PORT
HWSM · HOTCHKIS & WILEY FUNDS /DE/ 0.37% 36 NS June 30, 2026 N-PORT
BKMC · BNY Mellon ETF Trust 0.36% 6,153 NS April 30, 2026 N-PORT
BTAL · AGF Investments Trust 0.35% 3,542 NS June 30, 2026 N-PORT
RPV · Invesco Exchange-Traded Fund Trust 0.34% 19,563 SH Aug. 21, 2026 Daily
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.29% 15,884 NS April 30, 2026 N-PORT
SZNE · Pacer Funds Trust 0.27% 99 NS April 30, 2026 N-PORT
CSM · ProShares Trust 0.27% 4,530 NS May 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.26% 52,623 NS April 30, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.24% 15,380 NS April 30, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.23% 573,746 SH Aug. 19, 2026 Daily
SCHM · SCHWAB STRATEGIC TRUST 0.22% 106,115 NS May 31, 2026 N-PORT
ISCG · iShares Trust 0.22% 7,406 SH Aug. 21, 2026 Daily
ESML · iShares Trust 0.22% 20,848 SH Aug. 21, 2026 Daily
DFAS · Dimensional ETF Trust 0.21% 82,145 NS April 30, 2026 N-PORT
FIDU · FIDELITY COVINGTON TRUST 0.20% 11,669 NS April 30, 2026 N-PORT
RSP · Invesco Exchange-Traded Fund Trust 0.20% 645,841 SH Aug. 21, 2026 Daily
JVAL · J.P. Morgan Exchange-Traded Fund Tr… 0.19% 3,919 NS April 30, 2026 N-PORT
JMOM · J.P. Morgan Exchange-Traded Fund Tr… 0.19% 11,445 NS April 30, 2026 N-PORT
DFVE · DoubleLine ETF Trust 0.19% 214 NS June 30, 2026 N-PORT
DUSL · Direxion Shares ETF Trust 0.19% 276 NS April 30, 2026 N-PORT
ISCB · iShares Trust 0.18% 1,759 SH Aug. 21, 2026 Daily
GSY · Invesco Actively Managed Exchange-T… 0.18% 7,382,000 Aug. 21, 2026 Daily
SDVD · First Trust Exchange-Traded Fund IV 0.18% 4,099 NS April 30, 2026 N-PORT