Huntington Ingalls Industries, Inc. (HII) Financial Analysis and Rating

Comparison Analysis Based on SEC Data

Company Name Huntington Ingalls Industries, Inc.
Industry (SIC) 373 - Ship And Boat Building And Repairing
Revenue in 2022 $10,676 million (ranked #17 out of 113 companies in the industry)
Assets as of 12/31/2022 $10,857 million (ranked #19)
Fiscal Year End December 31
Analyzed report 12/31/2021 (filed 2/10/2022)

Year:

Financial Position and Performance

Compared with 2021 industry ratios Change during the year

about the same

deteriorated
Compared with all listed companies

about the same

Compare with a competitor

Financial Ratios Benchmarking

Finanancial Ratio Comparison of 2021 company ratios
with industry ratios
(37 - Transportation Equipment)
with all listed companies
Solvency Ratios
Debt ratio 
0.74
0.54
0.74
0.57
Debt-to-equity ratio 
2.78
0.78
2.78
0.93
Interest coverage ratio 
7.99
3.08
7.99
3.04
Liquidity Ratios
Current Ratio 
1.15
1.97
1.15
2.03
Quick Ratio 
0.52
0.95
0.52
1.25
Cash Ratio 
0.26
0.48
0.26
0.82
Profitability Ratios
Profit margin 
5.7%
3.2%
5.7%
5.2%
ROE (Return on equity), after tax 
23.1%
5.2%
23.1%
2.6%
ROA (Return on assets) 
5.8%
2.6%
5.8%
1.1%
Activity Ratios
Asset turnover (days) 
360
445
360
815
Receivables turnover (days) 
23
54
23
48
Resulting score 0,0 +0,1

Year:

Additional Ratios (not used in score calculation)

Finanancial Ratio Comparison of 2021 company ratios
with industry ratios
(37 - Transportation Equipment)
with all listed companies
Profitability Ratios
Operating margin (Return on sales) 
7.5%
3.7%
7.5%
9.7%
Activity Ratios
EBIT  $711M
EBITDA  $1,004M
Price Ratios
Dividend Payout Ratio 
0.34
0.29
0.34
0.27
Earnings per Share (basic)  $13.5
Earnings per Share (diluted)  $13.5

Auditor's Conclusion

We have performed a comparative analysis of the balance sheet and income statement of Huntington Ingalls Industries, Inc. (hereafter – the "Company") for the year 2021 as submitted to the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Ship And Boat Building And Repairing" (SIC code 373). In the analysis, we have compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the specific industry sector and for all companies. The averages are calculated using data from 2021 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have drawn a general conclusion about the quality of the company's financial condition. Calculations and summary conclusions are performed in a computerized manner using software and methodologies developed by ReadyRatios.

As a result of the analysis of the key financial ratios of the Company, we have established the following. The financial condition of Huntington Ingalls Industries, Inc. in 2021 is about the same as the financial condition typical of the companies engaged in the activity "Ship And Boat Building And Repairing".

A comparison of the Company's financial ratios with average ratios for all business activities leads to the same conclusion. The financial position of Huntington Ingalls Industries, Inc. is about the same as the average financial condition of the listed companies that submit financial statements to the U.S. Securities and Exchange Commission.

Financial Position and Performance History


More on Huntington Ingalls Industries, Inc.

Closest Competitors

Company USD ($), in Millions
Revenue Assets
General Dynamics Corporation 39,407 51,585
Malibu Boats, Inc. 1,338 861
MasterCraft Boat Holdings, Inc. 733 300
Marine Products Corporation 381 164

See all industry leaders

Financial Data Source and Analysis Principles

The above is a comparative analysis of the company's financial position and performance. The comparison is based on official financial statements filed with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) (about 10,000 largest publicly traded companies). The comparison is made using the eleven key financial ratios (see the table above). The company's financial ratios are compared with the median of the ratios for all companies and for companies in the same industry, as well as to the quartiles of these ratios. Each ratio value is assigned a score between -2 and +2 depending on its position relative to the quartiles (-2 – below the first quartile; -1 – between the first and the second quartile; +1 – between the second and the third quartile; +2 – above the third quartile; 0 – the ratio value deviates from the median by no more than 5% of the difference between the median and the quartile closest to the ratio value). To draw a conclusion from the analysis, the individual scores are weighted equally to produce an overall score ranging from -2 and +2.

much better (+1 - +2incl)
better (from 0.11 to +1incl)
about the same (from -0.11incl to +0.11incl)
worse (from -1incl to -0.11)
much worse (from -2incl to -1)
"Change during the year" calculation

Change during the year is calculated by comparing the resulting score of financial position within the industry with the last year's (quarter's) score. The result of the comparison may be as follows:

significantly improved (positive change of more than 1 point)
improved (positive change of less than 1 point)
unchanged (little or no change in score, no more than 0.11 points)
deteriorated (the score has decreased by less than 1 point during the year)
deteriorated significantly (the score has decreased by more than 1 point during the year)


Please note that this analysis does not indicate that the company's financial position is good or bad, but rather describes it in comparison to other U.S. businesses. For a detailed financial analysis, please use "ReadyRatios Financial Analysis" - load the data into the program>>

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